Cheese Packaging Market to Grow 1.8X During 2019 - 2029
Burgeoning retail ecosystem, along with augmenting popularity of on-the-go cheese products, plays a pivotal role in generating demand for cheese packaging. The global cheese packaging market is growing at a healthy rate with its value projected to increase 1.8X during forecast period 2019 - 2029. With increasing use of advanced packaging technologies such as modified atmosphere packaging (MAP), particularly for sliced and grated cheeses, the cheese packaging market has been benefiting from the advent of technology. This study unfolds how the automation of packaging industry and the subsequent application of packaging as a marketing tool are shaping up a highly lucrative space such as cheese packaging market.
Frequently asked questions about global cheese packaging market
Why is cheese packaging gaining traction?
Cheese products are consumed in different formats such as natural cheese, powdered cheese, and processed cheese. These products are highly perishable. Use of a good packaging solution increases the shelf-life of cheese upto 60 days. Therefore, end users invest significantly in packaging such products. Moreover, high barrier properties are required for packaging cheese as it is highly susceptible to aroma transfer and spoilage from exposure to oxygen.
At what rate will the cheese packaging market grow in following years?
The global cheese packaging market is projected to witness significant growth in the foreseeable future, owing to its numerous benefits in key end-use industries. The global cheese packaging market is expected to register a CAGR of 5.6% by the end of 2029.
Which region holds high potential growth opportunities for players offering cheese packaging?
Europe is expected to hold the maximum market share in the global cheese packaging market during the forecast period of 2019-2029. The North America cheese packaging market is expected to expand by 1.6x of its current market value by 2029. FMI also analyzed that the increasing consumption of cheese in China and India offers lucrative growth opportunities for key players in the cheese packaging market. Leading players are increasing their footprints in untapped markets in South and East Asia.
What are the supply side and demand side drivers of the cheese packaging market?
As per FMI research, increasing consumption of cultured cheese and dairy products is a key factor driving the growth of the cheese packaging market. Additionally, rising penetration of modern retail worldwide boosts the demand for packaged dairy and cheese products. High demand for aseptic packaging from cheese industries is another factor contributing to the rising demand for cheese packaging.
What are the recent developments and trends in the cheese packaging market?
As per changing packaging trends in various end-use industries, the demand for flexible packaging is consistently increasing. Moreover, the demand for controlled and modified atmospheric packaging for cheese is anticipated to grow substantially in the next five years. The family size is limited up to two or three members in developed households. These health-conscious consumers look for smaller-sized cheese product packages. Thus, end-users show an increasing preference for small-sized packaging with an aim to reduce wastage of cheese and improve sales.
What is the degree of competition in the cheese packaging market? Who are the top players in the cheese packaging market?
The global cheese packaging market is consolidated, and many local and unorganized players are entering the market for significant revenue generation. Leading players in the cheese packaging market include Amcor Plc, Winpak, Constantia Flexibles Group GmbH, Berry Global Inc., RPC Group Plc, Mondi Group, Sonoco Product Company, SCHUR Flexibles, Sealed Air Company, and SKOPOS SA. As per FMI’s study, these companies hold 1/4th of the total revenue share in the global market. Winpak is a prominent player, whereas other major players in the market include Amcor Plc, and Berry Global Inc.
Plastics Highly preferred as Packaging Material
Owing to highly scalable and flexible characteristics of plastic, it is a highly preferred packaging material in market. Market players are creatively protruding their businesses with plentiful plastic variants including polyethylene terephthalate (PET), polyethylene, ethyl vinyl alcohol (EVOH), polypropylene and polyamide, of which polyethylene is projected to hold a major market share by end of 2029, pushing cheese packaging market revenues. Growing preference for small-sized plastic pouches would remain a key factor upholding the use of plastics in cheese packaging.
Ready-to-eat Products Boost Europe’s Market Presence
Collectively accounting for nearly half of total revenues, Europe and North America continue to stay at forefront in global cheese packaging market during the forecast period. Growing preference for ready-to-eat food products, especially cultured cheese, would be the primary driver for growth of these developed regional markets. This trend is also sweeping across Asia, wherein the cheese packaging market is experiencing a significant growth rate. Led by China, and India, stakeholders are unlocking new revenue streams in this region.
Sustainability Trends in Flexible Packaging
Market players are preferring flexible packaging formats on grounds of their high eco-friendly and lightweighting attributes, as well as space efficiency. Moreover, lighter film gauges are being used to enhance the cost efficiency and quality adherence of cheese products. Buoyed by favorable government policies, flexible packaging manufacturers are creating sustainable solutions to craft winning strategies. Resonating with growing demand for economical solutions, market is trending towards smaller packaging formats.
Trays and flow wraps hold a leading share
Lids and foil to gain traction
Plastic remains highly preferred
Paper to show noteworthy CAGR
Sales via hypermarket /supermarkets remain prominent
Sales via retail stores to rise rapidly
How Growth will Unfold
Trays & flow wraps, alongside lids and foil, own a substantial market share, which is forecast to surpass one-third of the global market revenues by the end of 2029. Growing popularity of instant products such as grated cheese, cubes and slices is creating revenue generation opportunities for these packaging formats. Spurting investments to enhance safety and shelf-life of packaged products is creating a new trend wave of aseptic packaging in the cheese packaging ecosystem, especially for liquid cheese variants.
* This data is only a representation. Actual data may vary and will be available in report.Click Here To Know How The Growth Will Unfold
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Cheese Packaging Market Analysis 2019 - 2029
A recent market report published by Future Market Insights on the cheese packaging market provides global industry analysis for 2014-2018 & forecast for 2019-2029. The report offers a comprehensive assessment of the most important market dynamics. After conducting thorough research on the historical, as well as current growth parameters of the cheese packaging market, the growth prospects of the market are obtained with maximum precision.
Cheese Packaging Market Taxonomy
The global cheese packaging market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.
- Trays and Flow Wraps
- Lids and Foil
- Retail Stores
- Convenient Stores
- Hypermarkets /Supermarkets
- North America
- Latin America
- South Asia
- East Asia
- Middle East & Africa
The report begins with the executive summary of the cheese packaging market, which includes a summary of the key findings and statistics of the market. It also includes dominant segments in the global cheese packaging market, along with key facts about cheese packaging. It further highlights key recommendations in addition to opportunity analysis. The graphical representation of the segments helps readers to obtain clear analysis of the market size and growth rate.
Readers can find product definition and detailed segmentation of the cheese packaging market in this chapter, which will help them to understand basic information about the cheese packaging solutions available in the market. This section also defines the scope of the cheese packaging market report.
This chapter includes recent developments in the global cheese packaging market. It provides information about recent activities and strategies used by key players. Market trends are defined on the basis of product innovation, technology advancement, mergers & acquisitions, and expansion strategies of manufacturers offering cheese packaging solutions.
This chapter explains the global market volume analysis from a sales perspective. Furthermore, it highlights forecast analysis for the cheese packaging market during 2019-2029 and year-on-year trend analysis.
This section highlights the average pricing analysis of packaging format used for manufacturing cheese packaging in different regions across the globe. The weighted average pricing at the manufacturer-level is also analyzed in this section.
This section explains the global market value analysis and forecast for the cheese packaging market between the forecast period of 2019-2029. Readers can also find the absolute $ opportunity for the current year (2019 - 2020), and an incremental $ opportunity for the forecast period (2019 – 2029).
This chapter explains the key macroeconomic factors that are expected to influence growth of the cheese packaging market over the forecast period, along with forecast factors and its impact at global level. This chapter includes the import export of top 15 countries, and production and consumption analysis of cheese, which has significant impact on the cheese packaging market. Furthermore, this chapter highlights the key market dynamics of the cheese packaging market, which includes drivers and restraints. The value chain analysis provided in the section helps readers to understand the flow of manufacturing of cheese packaging.
Based on material, the cheese packaging market is segmented into plastic, paper, aluminium, and glass. The plastic cheese packaging segment is further analyzed on the basis of PET, polypropylene, polyethylene, EVOH, polyamide, and other plastic materials. In this chapter, readers can find information about BPS analysis and market attractiveness analysis during the forecast period.
In this chapter, the readers can obtain cheese packaging market analysis on the basis of packaging format such as boxes, cups, trays pouches, flow wraps, lids and foils, container, and other formats. This chapter includes market share analysis and Y-o-Y trend analysis of cheese packaging market by packaging format.
This chapter provides details about the cheese packaging market on the basis of distribution channel. The graphical representation includes market share analysis and market attractiveness analysis for global cheese packaging market.
In this section, readers will find market share analysis and market attractiveness analysis in seven regions. This includes North America, Latin America, Europe, South Asia, East Asia, Oceania, and the Middle East and Africa.
This chapter includes a detailed analysis of growth of the North American cheese packaging market, along with a country-wise assessment that includes the U.S. and Canada. Readers will also find key points on the basis of estimated market size and consumption of cheese packaging in this chapter.
Readers can find detailed analysis about considered segments and regional trends, which are impacting the growth of the Latin America cheese packaging market. This chapter also includes the growth prospects of the cheese packaging market in leading countries in Latin America such as Brazil, Mexico, Argentina, and the Rest of Latin America.
Important growth prospects of the cheese packaging market in several countries such as Germany, Italy, France, the U.K., Spain, BENELUX, Russia, Poland, Nordic countries, and the Rest of Europe are included in this chapter.
India, Indonesia, Thailand, and Malaysia are the leading countries in the South Asia region that are the prime subjects of assessment to obtain the growth prospects of the South Asia cheese packaging market included in this chapter. Readers can find detailed information about the growth parameters of the South Asia cheese packaging market during the forecast period of 2019-2029.
This chapter highlights the growth of the cheese packaging market in East Asia by focusing on China, Japan, and South Korea. The section also highlights data points regarding the growth of the cheese packaging market in the East Asia.
In this chapter, Australia and New Zealand are the leading countries in the Oceania region, which are the prime subjects of assessment to obtain the growth prospects of the Oceania cheese packaging market.
This chapter provides information about how the cheese packaging market is expected to grow in major countries in the MEA region such as GCC Countries, South Africa, Northern Africa, and the Rest of MEA during the forecast period of 2019 - 2029.
This chapter offers a detailed study of emerging countries, including India and Mexico. The historic and forecast demand and sales analysis as per the considered taxonomy for these countries is provided in this chapter.
In this chapter, readers can find detailed information about the tier analysis and market concentration of key players in the cheese packaging market, along with their market presence analysis by region and product portfolio.
In this chapter, readers will find a comprehensive list of leading manufacturers in the cheese packaging market, along with detailed information about each company, including company overview, revenue shares, strategic overview, and recent company developments. Amcor PLC, SKOPOS SA, WINPAK LTD, Constantia Flexibles Group GmbH, Berry Global Inc., Mondi Plc Group, RPC Group Plc, Sonoco Product Company, SCHUR Flexibles, Sealed Air Corporation, and Stora Enso Oyj are some of the key players operating in the global cheese packaging market.
This chapter includes a list of acronyms and assumptions that provide a base to the information and statistics included in the cheese packaging market report.
This chapter helps readers understand the research methodology followed to obtain various conclusions, as well as important qualitative and quantitative information, about the cheese packaging market.
How the research was conducted?
Primary research interviews with key opinion leaders and other participants were conducted for data collection and validation of the below information:
- Key Segments in the Cheese Packaging Market
- Market Share Analysis
- Average Selling Price (US$) and Market Growth
- Key Regulations in Packaging Industry
- Market Size
- Key Trends & Developments
- Competition & Key Vendor Strategies
- Industry Journals
- Annual Reports/SEC Filings/Investor Presentations
Primary Interview Splits