Milk Packaging Market Size, Share & Growth | Forecast [2031]

Segments - Milk Packaging Market by Packaging Types (Tubs & Cups, Bottles, Cans, Pouches, and Others), Material Types (Glass, Plastic, Metal, Paperboard, and Others), End-users (Frozen Product, Milk, Butter, and Others), and Regions (Asia Pacific, North America, Europe, Latin America, and Middle East & Africa) Forecasts, 2023-2031

Author : Riddhesh Dani

Fact-checked by : Harneet Meher

Editor : Shruti Bhat

Report Description

Milk Packaging Market Outlook

The Milk Packaging Market size was USD 43.85 Billion in 2022 and is likely to reach USD 66.30 Billion by 2031, expanding at a CAGR of 4.7% during 2023 - 2031. Milk packaging consists of a variety of forms for transporting, identifying, protecting, and merchandising milk. Packaging milk makes it possible to extend its shelf life from a few hours to weeks and months.

Additionally, it protects microorganisms from light and moisture and other environmental factors. A milk package also plays a crucial role between the manufacturer and the consumer by ensuring that milk is delivered safely through different stages of production, storage, transportation, distribution, and marketing.Moreover, it can become a means of differentiating a manufacturer's product from the competition.

Market Trends, Drivers, Restraints, and Opportunities:

Increasing demand for flavoured milk as well as advanced packaging methods to extend shelf life is estimated to spur the market growth.
Growing health concerns among individuals and increasing demand for cost-effective packaging solutions in the milk industry are key factors driving the growth of the market.
Expanding increased consumption of milk in developed and developing countries, increasing requirement for eco-friendly packaging, and growing environmental concerns are major factors that can foster the growth of the market.
High cost of raw materials can restrain the market growth.
The use of plastic packaging can create challenges for the market in the coming years.
Ongoing technological developments by manufacturers can create revenue opportunities in the milk packaging market over the next few years.

Scope of Milk Packaging Market report

The report on milk packaging market includes an assessment of the market, size, share, trends, segments, and regional markets. Overview and dynamics have been included in the report.

Attributes	Details
Report Title	Milk Packaging Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast
Base Year	2022
Historic Data	2016 - 2021
Forecast Period	2023–2031
Segmentation	Types (Tubs & Cups, Bottles, Cans, Pouches, and Others), Material Types (Glass, Plastic, Metal, Paperboard, and Others), End-users (Frozen Product, Milk, Butter, and Others)
Regional Scope	Asia Pacific, North America, Europe, Latin America, and Middle East & Africa
Report Coverage	Market scope, analysis, share, competitive analysis, growth facts, restraints, opportunities, and revenue forecast
Key Players Covered in the Report	Amcor Limited, Tetra Pack, Evergreen Packaging, Indevco, Ball, Elopak, Blue Ridge Paper Products, Clondalkin Group Holdings, CKS Packaging, Crown Holdings, Essel Propack, Consolidated Container, Fabri-Kal, Exopack Holdings, Global Closure Systems and Graham Packaging.

Milk Packaging Market Segment Insights

Bottles segment is projected to hold significant market share

In the terms of packaging types, the milk packaging market can be divided into tubs & cups, bottles, cans, pouches and others. The bottles segment is projected to hold significant market share in the projected timeline due to easy of handling. On the other hand, the pouches segment is estimated to grow at a steady rate in the coming years.

Paperboard segment is anticipated to account for a substantial share

Based on material types, the milk packaging market can be segmented into glass, plastic, metal, paperboard and others. The paperboard segment is anticipated to account for a substantial share. Increasing adoption of Tetra Pak carton packages manufactured mostly using paperboard and certain layers of polyethylene and aluminum foil is anticipated to fuel the growth of the market segment. Paperboard content in these cartons helps to provide stability, strength, and smoothness to the printing surface.

Milk segment is anticipated to grow at a significant pace in near future

On the basis of end-users, the milk packaging market can be divided into frozen product, milk, butter and others. Themilk segment is growing at a significant pace in near future due to increasing consumption of milk and milk-based drinks such as tea, coffee, hot chocolate, and protein shake. Consumers prefer milk in natural form owing to its key nutritional contribution to the diet. Milk is a main source of calcium; hence, it improves bone health.

Asia Pacific is expected to dominate the market

In terms of regions, the milk packaging market can be classified as Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia Pacific is expected to dominate the market due to increasing consumption of milk, demand for flavored milk, and presence of prominent players operating in countries in this region.

According to Global Agricultural Information Report, fluid milk production increased by 4% to 160 million metric tons (MMT) in comparison to previous year. On the other hand, the market in North America is estimated to grow at a steady pace during the forecast period.

Segments

By Packaging Types

Tubs & cups
Bottles
Cans
Pouches
Others

By Material Types

Glass
Plastic
Metal
Paperboard
Others

By End-users

Frozen Product
Milk
Butter
Others

By Regions

Asia Pacific
North America
Latin America
Europe
Middle East & Africa

By Key Players

Amcor Limited
Tetra Pack
Evergreen Packaging
Indevco
Ball
Elopak
Blue Ridge Paper Products
Clondalkin Group Holdings
CKS Packaging
Crown Holdings
Essel Propack
Consolidated Container
Fabri-Kal
Exopack Holdings
Global Closure Systems
Graham Packaging

Competitive Landscape

Key players in the milk packaging market are Amcor Limited, Tetra Pack, Evergreen Packaging, Indevco, Ball, Elopak, Blue Ridge Paper Products, Clondalkin Group Holdings, CKS Packaging, Crown Holdings, Essel Propack, Consolidated Container, Fabri-Kal, Exopack Holdings, Global Closure Systems and Graham Packaging. These players engage in mergers & acquisitions, collaborations, agreements, and partnerships to strengthen their geographical presence.
Milk Packaging Market Keyplayers

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Milk Packaging Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Milk Packaging Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Milk Packaging Market - Supply Chain
  4.5. Global Milk Packaging Market Forecast
     4.5.1. Milk Packaging Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Milk Packaging Market Size (000â€™ Units) and Y-o-Y Growth
     4.5.3. Milk Packaging Market Absolute $ Opportunity
5. Global Milk Packaging Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Milk Packaging Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Milk Packaging Demand Share Forecast, 2019-2026
6. North America Milk Packaging Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Milk Packaging Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Milk Packaging Demand Share Forecast, 2019-2026
7. Latin America Milk Packaging Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Milk Packaging Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Milk Packaging Demand Share Forecast, 2019-2026
8. Europe Milk Packaging Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Milk Packaging Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Milk Packaging Demand Share Forecast, 2019-2026
9. Asia Pacific Milk Packaging Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Milk Packaging Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Milk Packaging Demand Share Forecast, 2019-2026
10. Middle East & Africa Milk Packaging Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Milk Packaging Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Milk Packaging Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Milk Packaging Market: Market Share Analysis
  11.2. Milk Packaging Distributors and Customers
  11.3. Milk Packaging Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. Amcor Limited
     11.4.2. Tetra Pack
     11.4.3. Evergreen Packaging
     11.4.4. Indevco
     11.4.5. Ball
     11.4.6. Elopak
     11.4.7. Blue Ridge Paper Products
     11.4.8. Clondalkin Group Holdings
     11.4.9. CKS Packaging
     11.4.10. Crown Holdings
     11.4.11. Essel Propack
     11.4.12. Consolidated Container
     11.4.13. Fabri-Kal
     11.4.14. Exopack Holdings
     11.4.15. Global Closure Systems
     11.4.16. Graham Packaging