In the latest report by Future Market Insights, the lead research consultant estimates the global milk carton market value to reach USD 5.6 billion in 2024.
The upward trajectory will continue securing growth, with projections indicating a market value of USD 8.7 billion by 2034. This equates to a moderate CAGR of 2.8% through the forecast period.
| Attributes | Key Insights |
|---|---|
| Milk Carton Market Estimated Size in 2024 | USD 5.6 billion |
| Projected Market Value in 2034 | USD 8.7 billion |
| Value-based CAGR from 2024 to 2034 | 2.8% |
The milk carton market rose at a 4.5% CAGR between 2019 and 2023. The global market is achieving heights to grow at a moderate CAGR of 2.8% over the forecast period 2024 to 2034.
The market exhibited a gradual but progressive expansion during the historical period, attributed to factors including population shift, higher disposable income, as well as health and environmental awareness among consumers.
Sustainable packaging cartons that accommodate packaging of milk and involved eco-friendly designs were adopted, which propelled the market growth. Enhanced packaging technologies, including aseptic packaging methods and the smart packaging technologies, also contributed to the safety and protection of the products, together with the increased shelf life and user experience.
Looking forward the forecast period, the milk carton manufacturers anticipate to have new opportunities in the line of electronics retail associated with food and beverage section.
The package design of optimal for online retail, which means creating hard wearing and tamper proof designs, will be also highly valued. An even stronger focus on innovative regenerative practices as well as sustainable packaging materials for opening the new trends on the market will be seen.
Brands that sternly promote sustainability and social wellbeing will gain a cutting increment in the market. The combination of digital systems, including the QR codes, NFC tags as well as IoT sensors will allow high level of product traceability, supply chain transparency and greater engagement between consumer and the product.
The below table showcases revenues in terms of the top 5 leading countries, spearheaded by India and China. The countries will lead the market through 2034.
| Countries | Forecast CAGRs from 2024 to 2034 |
|---|---|
| The United States | 2.7% |
| The United Kingdom | 2.1% |
| China | 5.9% |
| Japan | 2.6% |
| India | 6.7% |
The milk carton market in the United States will expand at a CAGR of 2.7% through 2034. New environmental requirements, together with the adoption of the packaging market towards green options, lead to a wider utilization of sustainable solutions.
Consumers in the country increasingly prefer sustainable packaging solutions, mostly young and millennials generations, and support for business brands that show commitment to environmental friendliness.
The demand for dairy products like milk is rising, which emphasizes on health nutrition and being of significant value for balanced diets. Milk cartons, known for their hygienic packaging and preservation of freshness and nutrients, are expected to benefit from this trend.
The milk carton market in the United Kingdom to expand at a CAGR of 2.1% through 2034. The major retailers in the country often go for sustainable packaging styles and they could need the products which are packed in environmental friendly materials like milk cartons.
The sustainability commitments and preferences of the retailers, influence the packaging choices made by dairy producers and manufacturers, fueling the demand for milk cartons. In the country, health and healthy lifestyle are becoming more and more important for the entire population.
Milk is viewed as a nutritious drink hence packaging it in a carton will sync well the health conscious consumer behaviors. The need for milk cartons will rise, when individuals pick them at the shops as drinks that are not only nutritious but also convenient.
Milk carton trends in China are taking a turn for the better. A 5.9% CAGR is forecast for the country from 2024 to 2034. The rise of the modern retailing format of supermarkets and hypermarkets that are largely concentrated in urban and, to a lesser extent, suburban areas has made it even easier for consumers to access packaged dairy products.
Rising number of retail stores is an evident factor for the growth or the market. Chinese consumers have been spending their purchasing power on dairy products such as milk because of the potentially further released of personal incomes and a higher standard of living.
The expanding middle class is an important target market for people who manufacture and sell milk cartons in urban and well off areas.
The milk carton market in Japan is poised to expand at a CAGR of 2.6% through 2034. Packaging technology innovations are not just evident but are also regarded as an important factor in enhancing the functionality, durability, and performance of milk cartons.
The fancy resealable caps, the improved powder barrier designs and other particulars play a big role in making milk cartons more appealing among Japanese customers.
The Japanese government, which includes dairy within the realm of importance in a balanced diet, advertises dairy products via health campaign and nutrition education programs as an easy way to achieve the ideal health condition.
The government endorsements like the school milk program is planned to sustain the demand for milk and milk products including milk boxes, as a measure to alleviate dairy deficiency among kids.
The milk carton market in India will expand at a CAGR of 6.7% through 2034. A cornerstone in the regard of the market is the government led health and nutrition schemes.
The schemes include integrated child development services and mid-day meal, as which aim at enhancing the nutritional status of mothers and children all over India. Milk is contains a huge amount of calcium and protein that are needed by the body. Carted milk become seemingly essential, due to this reason.
Milk has a unique place in cultural context in India, and is consumed in innumerable religious and traditional rituals. Cultural tie up associated with milk forms a back bone of constant demand and usage further propelling milk carton industry.
The below table highlights how uncoated paperboard segment is leading the market in terms of material, and will account for a share of 75.6% in 2024.
Based on product type, the brick cartons segment is gaining heights and will to account for a share of 53.4% in 2024.
| Category | Shares in 2024 |
|---|---|
| Uncoated Paperboard | 75.6% |
| Brick Cartons | 53.4% |
Based on material, the uncoated paperboard segment will dominate the milk carton market. Manufacturers are making use of uncoated paperboard packaging as a means of distinguishing their products in competitions.
Many brands that focus on sustainability and protecting the environment as their top most priorities, usually use uncoated paperboard cartons to harmonize the ideals of the brands and attract eco-friendly consumers.
Uncoated paperboard stands out with its unique look and texture and becomes the ground for unique representational of brands and marketing approaches. Consumers often associate paper based packaging with freshness and quality, particularly for perishable items like dairy products.
In terms of product type, the brick cartons segment will dominate the milk carton market. A brick carton is purposely designed to guarantee shelf stability and the delivery of impeccable product intact, keeping the freshness and integrity of milk perishable for a long time.
The aseptic packaging technology in the brick cartons, used in the packing material of milk, ensures the conserving and preservation of the milk nutritional content without the need for refrigeration, bring at the same time, convenience and expanding the shelf life of the product.
Brick cartons are able to organize and store in a size that retains them easy to handle and for transportation, which is why they are still among the rising sectors in the market nowadays.
The milk carton market is characterized by intense competition among key players striving to maintain or enhance their market share through strategic initiatives, product innovation, and differentiation strategies.
Company Portfolio
| Attribute | Details |
|---|---|
| Estimated Market Size in 2024 | USD 5.6 billion |
| Projected Market Valuation in 2034 | USD 8.7 billion |
| Value-based CAGR 2024 to 2034 | 2.8% |
| Forecast Period | 2024 to 2034 |
| Historical Data Available for | 2019 to 2023 |
| Market Analysis | Value in USD Billion |
| Key Regions Covered | North America; Latin America; Western Europe; Eastern Europe; South Asia and Pacific; East Asia; The Middle East & Africa |
| Key Market Segments Covered | Material, Product Type, Capacity, Region |
| Key Countries Profiled |
The United States, Canada, Brazil, Mexico, Germany, France, France, Spain, Italy, Russia, Poland, Czech Republic, Romania, India, Bangladesh, Australia, New Zealand, China, Japan, South Korea, GCC countries, South Africa, Israel |
| Key Companies Profiled | Tetra Pak International; Elopak AS; SIG Group; Oji Holdings Corporation; Adam Pack S.A.; Stora Enso Oyj; H.B. Fuller Company; Lami Packaging |
The milk carton market is projected to reach a valuation of USD 5.6 billion in 2024.
The milk carton industry is set to expand by a CAGR of 2.8% through 2034.
The milk carton market is forecast to reach USD 8.7 billion by 2034.
India is set to be the top performing market, exhibiting a CAGR of 6.7% through 2034.
Uncoated paperboard segment is preferred, and will hold the major share of 75.6% through 2024.
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Milk Carton Market
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