Dairy Products Packaging Market to Hit $40 Billion by 2024, Bolstered by Continuous Demand from Milk and Milk Products – Market Report (2018-2024) by Industry Experts, Inc.
Friday 17 May 2019
Industry Experts, Inc. released an updated 2019 version of its global market report on Dairy Products Packaging. The new report entitled "Dairy Products Packaging – A Global Market Overview" reveals that Milk accounts for the largest application share of dairy packaging with US$9.9 billion in 2018 while Europe and Asia-Pacific closely follows.
Plastic has become the material of choice for packaging dairy products, with polyethylene terephthalate (PET) bottles with aseptic packaging ensuring maximum product integrity. The global demand for PET in dairy products packaging is likely to post the fastest growth owing to the material’s complete recyclability, outstanding barrier properties and neck and cap tightness that makes sure that products within the container are completely safe.
Accounting for a share estimated at 41.4% translating into US$12.8 billion in 2018, Milk is the largest application of Dairy Products Packaging globally, which is projected to reach US$17 billion by 2024. The global market for dairy products packaging in 2019 is expected to reach US$32 billion.
The report reviews, analyzes and projects the Dairy Products Packaging market
for global markets including for the period 2015-2024 in terms of value in USD. Dairy Products Packaging material types analyzed in the study include Glass, Metal, Paper & Paperboard and Plastic. Applications for Dairy Products Packaging analyzed in this report include Butter, Cheese, Frozen Products, Milk, Yogurt and Other Dairy Products. The study also analyzes the Dairy Products Packaging market by product type segmented into Bottles & Jars, Cans, Cartons & Boxes, Cups & Tubs, Films & Wraps, Pouches and Other Products.
The global market for Dairy Products Packaging is segmented into five major geographic regions, for the purpose of this study, North America, Europe, Asia-Pacific, South America and Rest of World. The regional markets further analyzed for 16 independent countries across North America – The United States, Canada and Mexico; Europe – France, Germany, Italy, Russia, Spain and the United Kingdom; Asia-Pacific – Australia, China, India, Japan and South Korea; and South America – Brazil and Argentina.
This 378 page global Dairy Products Packaging market report includes 223 charts (includes a data table and graphical representation for each table), supported with a meaningful and easy to understand graphical presentation, of the market. This report profiles 32 key global players and 61 major players across the North America – 20; Europe – 27; Asia-Pacific – 10; and Rest of World – 4. The report also provides the listing of the companies engaged in manufacturing and supply of dairy packaging products and materials. The global list of companies covers addresses, contact numbers and the website addresses of 148 companies.
California, USA based Industry Experts, Inc. is a multi-industry focused market research provider.
For more details, please visit: http://industry-experts.com/verticals/food-and-beverage/dairy-products-packaging-a-global-market-overview