The global sales of milk powder packaging machines are estimated to be worth USD 2.6 billion in 2021 and are anticipated to reach a value of USD 3.5 billion by 2031. Sales are projected to rise at a CAGR of 3.2% over the forecast period between 2021 and 2031. The revenue generated by milk powder packaging machines in 2020 was USD 2.5 billion.
This demand encourages the market for milk powder packaging machines, thereby influencing and encouraging the increased consumption of dairy products globally, particularly in developing regions.
Therefore, it gives rise to the demand for effective and high-speed packaging solutions that can maintain product freshness for a pretty long period. Since the evolutionary improvement is undergone by packaging technologies, the machinery becomes increasingly effective and accurate, such as automating systems and precision filling mechanisms.
Besides, growth in consumer preference for convenient, single-serve packaging formats acts as a plus for advanced packaging machines. Growing concern about food safety and maintenance of stringent regulatory standards uses up high-quality, reliable machines. Further expansion in the dairy industry and an improvement in supply chain logistics also create opportunities for the growth in the market.
Global Milk Powder Packaging Machines Industry Assessment
| Attributes | Key Insights |
|---|---|
| Historical Size, 2020 | USD 2.5 billion |
| Estimated Size, 2021 | USD 2.6 billion |
| Projected Size, 2031 | USD 3.5 billion |
| Value-based CAGR (2021 to 2031) | 3.2% |
Increasing awareness among consumers coupled with continuous advancements and innovations in technology are anticipated to fuel the demand for packaging that is functional, hygienic, and visually-appealing.
Packaging industry has observed a drastic change ranging from simply an outer covering to a fundamental part of product safety and marketing. Nowadays, the packaging business is taking into consideration the preferences of a wide consumer base, especially the ‘on-the-go’ consumer, for whom functional and effective packaging happens to be an important factor.
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Increasing demand for milk powder across the globe is one major factor driving the demand for milk powder packaging machines. The assortment of foods is reflected largely on the shelves of hypermarkets and supermarkets. Reliable and precise packaging is mandatory in order to ensure that the products are showcased effortlessly at the point of sale.
The packaging machines are capable of delivering the seamless packaging and offering reliability while showcasing the products on the supermarket shelves. This happens to be one of the primary factors driving the growth of milk powder packaging machines market.
On the basis of machine type, the milk powder packaging machines market has been bifurcated in to vertical and horizontal. Out of which, vertical milk powder packing machines segment is anticipated to hold a larger share of the market.
The growth of the segment can be attributed to its versatility and ability to fill and seal the food products precisely. Moreover, the vertical milk powder packing machines segment is projected to continue its dominance in the global market over the forecast period.
USA happens to be one of the largest markets for milk powder packaging machines across the globe. Ever-changing inclination of consumers towards powdered food products, owing to its numerous benefits is primarily anticipated to boost the demand for milk powder packing machines in the region.
Significant rise in the number of modern retail formats, such as convenience stores, supermarkets, hypermarkets, and specialty stores was observed in the past few years. Increasing disposable income of consumers coupled with the changing lifestyles is anticipated to drive the growth of the retail sector in the region, thereby driving the growth of packaging machines industry.
In spite of being a matured market, a considerable percentage of the milk powder packing machines market is being held by the Europe region. The region primarily accounts for a substantial demand for milk powder packing machines, and is expected to remain a chief consumer of milk powder packing machines throughout the forecast period.
Moreover, the growth in Europe region is attributed to the presence of established players such as Optima Packaging Group GmbH, GEA Group Aktiengesellschaft, Robert Bosch GmbH, and Rovema GmbH, among others in the region.
Some of the leading providers of Milk Powder Packaging Machines include
Companies in the market are offering different solutions for advanced packaging in order to make the packaging attractive and easily sellable. For instance, Nichrome Packaging Solutions is providing integrated packaging solutions while offering a wide range of filling systems, packaging machines, and advanced projects for the dairy industry. Nichrome Packaging Solutions happens to be one of the leading manufacturers of automated packaging machines.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Milk Powder Packaging Machines Market
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