Milk Packaging Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Market Overview:
The global milk packaging market size reached US$ 41.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 53.7 Billion by 2028, exhibiting a growth rate (CAGR) of 4.5% during 2023-2028.
Milk packaging refers to the procedure of utilizing different types of containers to carry, identify, protect and enable merchandizing of milk. It aids in extending the shelf life of the packaged milk from a few hours to weeks and months. It acts as a barrier against microorganisms and other external factors like light and moisture. Apart from this, milk packaging plays a crucial link between the manufacturer and consumer for the safe delivery of the milk through different stages of production, storage, transportation, distribution and marketing. It also enables manufacturers to differentiate their products from those of their competitors.
Milk is a rich source of vitamins, minerals, proteins and fatty acids, and it assists in maintaining healthy bones, enhancing the immune system and preventing diseases like hypertension. Consequently, the demand for milk is increasing significantly which, in turn, is strengthening the growth of the global milk packaging market. Moreover, due to growing environmental awareness and consumers preference toward the usage of eco-friendly packaging materials, numerous manufacturers are financing in research and development (R&D) activities to introduce innovative packaging solutions. Further, the rising demand for single-serve milk packs is anticipated to impel the market growth in the upcoming years. Some of the other growth inducing factors are increasing global population, inflating income levels, rising number of health-conscious consumers, diversified applications of milk in the food and beverage industry and the easy availability of flavored milk variants in the market.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global milk packaging market report, along with forecasts at the global and regional level from 2023-2028. Our report has categorized the market based on product type and material type.
Breakup by Product Type:
Cups
Cans
Bottles
Pouches
Others
Breakup by Material Type:
Glass
Plastic
Metal
Paperboard
Others
Breakup by Region:
Europe
North America
Asia Pacific
Middle East and Africa
Latin America
Competitive Landscape:
The report has also analyzed the competitive landscape of the market with some of the packaging companies being Amcor Limited, Indevco, Evergreen Packaging, Stanpac Inc., Elopak AS, Ball Corporation, Graham Packaging Company Inc, SF Holdings Group Inc., RPC Group Plc, Blue Ridge Paper Products, Crown Holdings, CkS Packaging, etc.
IMARC Group’s latest report provides a deep insight into the global milk packaging market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the global milk packaging market in any manner.
Key Questions Answered in This Report
1. What was the size of the global milk packaging market in 2022?
2. What is the expected growth rate of the global milk packaging market during 2023-2028?
3. What are the key factors driving the global milk packaging market?
4. What has been the impact of COVID-19 on the global milk packaging market?
5. What is the breakup of the global milk packaging market based on the product type?
6. What is the breakup of the global milk packaging market based on the material type?
7. What are the key regions in the global milk packaging market?
8. Who are the key players/companies in the global milk packaging market?
The global milk packaging market size reached US$ 41.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 53.7 Billion by 2028, exhibiting a growth rate (CAGR) of 4.5% during 2023-2028.
Milk packaging refers to the procedure of utilizing different types of containers to carry, identify, protect and enable merchandizing of milk. It aids in extending the shelf life of the packaged milk from a few hours to weeks and months. It acts as a barrier against microorganisms and other external factors like light and moisture. Apart from this, milk packaging plays a crucial link between the manufacturer and consumer for the safe delivery of the milk through different stages of production, storage, transportation, distribution and marketing. It also enables manufacturers to differentiate their products from those of their competitors.
Milk is a rich source of vitamins, minerals, proteins and fatty acids, and it assists in maintaining healthy bones, enhancing the immune system and preventing diseases like hypertension. Consequently, the demand for milk is increasing significantly which, in turn, is strengthening the growth of the global milk packaging market. Moreover, due to growing environmental awareness and consumers preference toward the usage of eco-friendly packaging materials, numerous manufacturers are financing in research and development (R&D) activities to introduce innovative packaging solutions. Further, the rising demand for single-serve milk packs is anticipated to impel the market growth in the upcoming years. Some of the other growth inducing factors are increasing global population, inflating income levels, rising number of health-conscious consumers, diversified applications of milk in the food and beverage industry and the easy availability of flavored milk variants in the market.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global milk packaging market report, along with forecasts at the global and regional level from 2023-2028. Our report has categorized the market based on product type and material type.
Breakup by Product Type:
Cups
Cans
Bottles
Pouches
Others
Breakup by Material Type:
Glass
Plastic
Metal
Paperboard
Others
Breakup by Region:
Europe
North America
Asia Pacific
Middle East and Africa
Latin America
Competitive Landscape:
The report has also analyzed the competitive landscape of the market with some of the packaging companies being Amcor Limited, Indevco, Evergreen Packaging, Stanpac Inc., Elopak AS, Ball Corporation, Graham Packaging Company Inc, SF Holdings Group Inc., RPC Group Plc, Blue Ridge Paper Products, Crown Holdings, CkS Packaging, etc.
IMARC Group’s latest report provides a deep insight into the global milk packaging market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the global milk packaging market in any manner.
Key Questions Answered in This Report
1. What was the size of the global milk packaging market in 2022?
2. What is the expected growth rate of the global milk packaging market during 2023-2028?
3. What are the key factors driving the global milk packaging market?
4. What has been the impact of COVID-19 on the global milk packaging market?
5. What is the breakup of the global milk packaging market based on the product type?
6. What is the breakup of the global milk packaging market based on the material type?
7. What are the key regions in the global milk packaging market?
8. Who are the key players/companies in the global milk packaging market?
1 PREFACE
2 SCOPE AND METHODOLOGY
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 EXECUTIVE SUMMARY
4 INTRODUCTION
4.1 Overview
4.2 Key Industry Trends
5 GLOBAL MILK PACKAGING MARKET
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Breakup by Product Type
5.5 Market Breakup by Material Type
5.6 Market Breakup by Region
5.7 Market Forecast
6 MARKET BREAKUP BY PRODUCT TYPE
6.1 Cups
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Cans
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Bottles
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Pouches
6.4.1 Market Trends
6.4.2 Market Forecast
6.5 Others
6.5.1 Market Trends
6.5.2 Market Forecast
7 MARKET BREAKUP BY MATERIAL TYPE
7.1 Glass
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Plastic
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Metal
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Paperboard
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Others
7.5.1 Market Trends
7.5.2 Market Forecast
8 MARKET BREAKUP BY REGION
8.1 Europe
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 North America
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Asia Pacific
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Middle East and Africa
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Latin America
8.5.1 Market Trends
8.5.2 Market Forecast
9 SWOT ANALYSIS
9.1 Overview
9.2 Strengths
9.3 Weaknesses
9.4 Opportunities
9.5 Threats
10 VALUE CHAIN ANALYSIS
11 PORTER’S FIVE FORCES ANALYSIS
11.1 Overview
11.2 Bargaining Power of Buyers
11.3 Bargaining Power of Suppliers
11.4 Degree of Competition
11.5 Threat of New Entrants
11.6 Threat of Substitutes
12 PRICE ANALYSIS
13 COMPETITIVE LANDSCAPE
13.1 Market Structure
13.2 Key Players
13.3 Profiles of Key Players
13.3.1 Amcor Limited
13.3.2 Indevco
13.3.3 Evergreen Packaging
13.3.4 Stanpac Inc.
13.3.5 Elopak AS
13.3.6 Ball Corporation
13.3.7 Graham Packaging Company Inc
13.3.8 SF Holdings Group Inc.
13.3.9 RPC Group Plc
13.3.10 Blue Ridge Paper Products
13.3.11 Crown Holdings
13.3.12 CkS Packaging
2 SCOPE AND METHODOLOGY
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 EXECUTIVE SUMMARY
4 INTRODUCTION
4.1 Overview
4.2 Key Industry Trends
5 GLOBAL MILK PACKAGING MARKET
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Breakup by Product Type
5.5 Market Breakup by Material Type
5.6 Market Breakup by Region
5.7 Market Forecast
6 MARKET BREAKUP BY PRODUCT TYPE
6.1 Cups
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Cans
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Bottles
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Pouches
6.4.1 Market Trends
6.4.2 Market Forecast
6.5 Others
6.5.1 Market Trends
6.5.2 Market Forecast
7 MARKET BREAKUP BY MATERIAL TYPE
7.1 Glass
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Plastic
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Metal
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Paperboard
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Others
7.5.1 Market Trends
7.5.2 Market Forecast
8 MARKET BREAKUP BY REGION
8.1 Europe
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 North America
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Asia Pacific
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Middle East and Africa
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Latin America
8.5.1 Market Trends
8.5.2 Market Forecast
9 SWOT ANALYSIS
9.1 Overview
9.2 Strengths
9.3 Weaknesses
9.4 Opportunities
9.5 Threats
10 VALUE CHAIN ANALYSIS
11 PORTER’S FIVE FORCES ANALYSIS
11.1 Overview
11.2 Bargaining Power of Buyers
11.3 Bargaining Power of Suppliers
11.4 Degree of Competition
11.5 Threat of New Entrants
11.6 Threat of Substitutes
12 PRICE ANALYSIS
13 COMPETITIVE LANDSCAPE
13.1 Market Structure
13.2 Key Players
13.3 Profiles of Key Players
13.3.1 Amcor Limited
13.3.2 Indevco
13.3.3 Evergreen Packaging
13.3.4 Stanpac Inc.
13.3.5 Elopak AS
13.3.6 Ball Corporation
13.3.7 Graham Packaging Company Inc
13.3.8 SF Holdings Group Inc.
13.3.9 RPC Group Plc
13.3.10 Blue Ridge Paper Products
13.3.11 Crown Holdings
13.3.12 CkS Packaging
LIST OF TABLES
Table 1: Global: Milk Packaging Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Milk Packaging Market Forecast: Breakup by Product Type (in Billion US$), 2023-2028
Table 3: Global: Milk Packaging Market Forecast: Breakup by Material Type (in Billion US$), 2023-2028
Table 4: Global: Milk Packaging Market Forecast: Breakup by Region (in Billion US$), 2023-2028
Table 5: Global: Milk Packaging Market Structure
Table 6: Global: Milk Packaging Market: Key Players
Table 1: Global: Milk Packaging Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Milk Packaging Market Forecast: Breakup by Product Type (in Billion US$), 2023-2028
Table 3: Global: Milk Packaging Market Forecast: Breakup by Material Type (in Billion US$), 2023-2028
Table 4: Global: Milk Packaging Market Forecast: Breakup by Region (in Billion US$), 2023-2028
Table 5: Global: Milk Packaging Market Structure
Table 6: Global: Milk Packaging Market: Key Players
LIST OF FIGURES
Figure 1: Global: Milk Packaging Market: Major Drivers and Challenges
Figure 2: Global: Milk Packaging Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Milk Packaging Market: Breakup by Product Type (in %), 2022
Figure 4: Global: Milk Packaging Market: Breakup by Material Type (in %), 2022
Figure 5: Global: Milk Packaging Market: Breakup by Region (in %), 2022
Figure 6: Global: Milk Packaging Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 7: Global: Milk Packaging Industry: SWOT Analysis
Figure 8: Global: Milk Packaging Industry: Value Chain Analysis
Figure 9: Global: Milk Packaging Industry: Porter’s Five Forces Analysis
Figure 10: Global: Milk Packaging (Cups) Market: Sales Value (in Billion US$), 2017 & 2022
Figure 11: Global: Milk Packaging (Cups) Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 12: Global: Milk Packaging (Cans) Market: Sales Value (in Billion US$), 2017 & 2022
Figure 13: Global: Milk Packaging (Cans) Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 14: Global: Milk Packaging (Bottles) Market: Sales Value (in Billion US$), 2017 & 2022
Figure 15: Global: Milk Packaging (Bottles) Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 16: Global: Milk Packaging (Pouches) Market: Sales Value (in Billion US$), 2017 & 2022
Figure 17: Global: Milk Packaging (Pouches) Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 18: Global: Milk Packaging (Other Product Types) Market: Sales Value (in Billion US$), 2017 & 2022
Figure 19: Global: Milk Packaging (Other Product Types) Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 20: Global: Milk Packaging (Glass) Market: Sales Value (in Billion US$), 2017 & 2022
Figure 21: Global: Milk Packaging (Glass) Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 22: Global: Milk Packaging (Plastic) Market: Sales Value (in Billion US$), 2017 & 2022
Figure 23: Global: Milk Packaging (Plastic) Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 24: Global: Milk Packaging (Metal) Market: Sales Value (in Billion US$), 2017 & 2022
Figure 25: Global: Milk Packaging (Metal) Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 26: Global: Milk Packaging (Paperboard) Market: Sales Value (in Billion US$), 2017 & 2022
Figure 27: Global: Milk Packaging (Paperboard) Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 28: Global: Milk Packaging (Other Material Types) Market: Sales Value (in Billion US$), 2017 & 2022
Figure 29: Global: Milk Packaging (Other Material Types) Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 30: Europe: Milk Packaging Market: Sales Value (in Billion US$), 2017 & 2022
Figure 31: Europe: Milk Packaging Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 32: North America: Milk Packaging Market: Sales Value (in Billion US$), 2017 & 2022
Figure 33: North America: Milk Packaging Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 34: Asia Pacific: Milk Packaging Market: Sales Value (in Billion US$), 2017 & 2022
Figure 35: Asia Pacific: Milk Packaging Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 36: Middle East and Africa: Milk Packaging Market: Sales Value (in Billion US$), 2017 & 2022
Figure 37: Middle East and Africa: Milk Packaging Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 38: Latin America: Milk Packaging Market: Sales Value (in Billion US$), 2017 & 2022
Figure 39: Latin America: Milk Packaging Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 1: Global: Milk Packaging Market: Major Drivers and Challenges
Figure 2: Global: Milk Packaging Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Milk Packaging Market: Breakup by Product Type (in %), 2022
Figure 4: Global: Milk Packaging Market: Breakup by Material Type (in %), 2022
Figure 5: Global: Milk Packaging Market: Breakup by Region (in %), 2022
Figure 6: Global: Milk Packaging Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 7: Global: Milk Packaging Industry: SWOT Analysis
Figure 8: Global: Milk Packaging Industry: Value Chain Analysis
Figure 9: Global: Milk Packaging Industry: Porter’s Five Forces Analysis
Figure 10: Global: Milk Packaging (Cups) Market: Sales Value (in Billion US$), 2017 & 2022
Figure 11: Global: Milk Packaging (Cups) Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 12: Global: Milk Packaging (Cans) Market: Sales Value (in Billion US$), 2017 & 2022
Figure 13: Global: Milk Packaging (Cans) Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 14: Global: Milk Packaging (Bottles) Market: Sales Value (in Billion US$), 2017 & 2022
Figure 15: Global: Milk Packaging (Bottles) Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 16: Global: Milk Packaging (Pouches) Market: Sales Value (in Billion US$), 2017 & 2022
Figure 17: Global: Milk Packaging (Pouches) Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 18: Global: Milk Packaging (Other Product Types) Market: Sales Value (in Billion US$), 2017 & 2022
Figure 19: Global: Milk Packaging (Other Product Types) Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 20: Global: Milk Packaging (Glass) Market: Sales Value (in Billion US$), 2017 & 2022
Figure 21: Global: Milk Packaging (Glass) Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 22: Global: Milk Packaging (Plastic) Market: Sales Value (in Billion US$), 2017 & 2022
Figure 23: Global: Milk Packaging (Plastic) Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 24: Global: Milk Packaging (Metal) Market: Sales Value (in Billion US$), 2017 & 2022
Figure 25: Global: Milk Packaging (Metal) Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 26: Global: Milk Packaging (Paperboard) Market: Sales Value (in Billion US$), 2017 & 2022
Figure 27: Global: Milk Packaging (Paperboard) Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 28: Global: Milk Packaging (Other Material Types) Market: Sales Value (in Billion US$), 2017 & 2022
Figure 29: Global: Milk Packaging (Other Material Types) Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 30: Europe: Milk Packaging Market: Sales Value (in Billion US$), 2017 & 2022
Figure 31: Europe: Milk Packaging Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 32: North America: Milk Packaging Market: Sales Value (in Billion US$), 2017 & 2022
Figure 33: North America: Milk Packaging Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 34: Asia Pacific: Milk Packaging Market: Sales Value (in Billion US$), 2017 & 2022
Figure 35: Asia Pacific: Milk Packaging Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 36: Middle East and Africa: Milk Packaging Market: Sales Value (in Billion US$), 2017 & 2022
Figure 37: Middle East and Africa: Milk Packaging Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 38: Latin America: Milk Packaging Market: Sales Value (in Billion US$), 2017 & 2022
Figure 39: Latin America: Milk Packaging Market Forecast: Sales Value (in Billion US$), 2023-2028
