The global sales of milk powder packaging are estimated to be worth USD 2.0 billion in 2021 and are anticipated to reach a value of USD 2.8 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 in 2020 was USD 1.9 billion.
The rising demand for milk and milk products, due to the growth in demand for infant nutrition and health supplements, contributes to the growth in the market for Milk Powder Packaging. As consumers expect more from the packaging, it should be able to retain the product's quality and avoid moisture contamination to extend the shelf life.
Innovations in packaging material development, such as multilayer and eco-friendly packaging, are gaining momentum along with growing sustainability concerns. Other factors contributing to the growth of the market include an increase in single-serve and portion-controlled packaging formats, owing to the need of busy lifestyles for convenience.
Stricter food safety regulations regarding airtight and tamper-proof packaging accelerate market improvements. Growing dairy exports and e-commerce also spur on demand for stronger, protective packaging.
Global Milk Powder Packaging Industry Assessment
| Attributes | Key Insights |
|---|---|
| Historical Size, 2020 | USD 1.9 billion |
| Estimated Size, 2021 | USD 2.0 billion |
| Projected Size, 2031 | USD 2.8 billion |
| Value-based CAGR (2021 to 2031) | 3.2% |
As the trend of powdered foods continue to make inroads in different regions across the globe, the demand for milk powder packaging has observed steady growth. The growing demand for milk powder is projected to have a direct impact on the global milk powder packaging demand.
Proper packaging of milk powder is crucial procedure since it affects the safety, marketing, and quality of the product. Milk powder is susceptible to lipid oxidation owing to its fat content and hygroscopicity, and hence must be packaged in order to avoid contact with oxygen, light, contaminants, and moisture.
On the basis of type, the sensor market has been bifurcated in to tins, flexible pouches, and others. Out of which, flexible pouches segment is anticipated to hold the larger share of the global market. Flexible pouches made of plastic film laminates or aluminum foil, are slowly and gradually replacing the tin cans.
This is owing to the fact that flexible packages aid in reducing the manufacturing and transportation costs. Moreover, as the packaging requires less material, they even help in minimizing the post-consumer waste. Hence, the flexible pouches segment is projected to continue its dominance over the forecast period.
USA happens to be one of the largest markets for milk powder packaging across the globe. The growth in USA is attributed to the presence of established players coupled with changing consumer preferences towards powdered foods owing to the nutrition content being offered.
Moreover, the higher content of minerals and moisture in milk makes it very challenging for vendors to store it for a long period of time. This happens to be one of the major reasons driving the demand for milk powder, thereby driving the growth of milk powder packaging market.
In Europe, there has been a shift in consumer preferences towards powdered food products, owing to its abundant benefits is predominantly anticipated to boost the demand for milk powder packing in the region. Substantial rise in the convenience stores, supermarkets, hypermarkets, and specialty stores in the region is another major factor driving the growth of milk powder packing market.
Moreover, surge in disposable income of consumers combined with the changing lifestyles is further anticipated to drive the growth of the retail sector in the region, thereby driving the growth of milk powder packing packaging market.
Some of the leading providers of milk powder packaging include
With extensive research and development, the companies in the market are coming up with different and advanced solutions and technologies for packaging of milk powders. For instance, Arodo offers packaging of milk powder with the help of AROVAC vacuum technology.
The resulting packaging happens to offer more efficient production, compact bags, and stable stacked pallets that can be weighed with extreme accuracy. Furthermore, there is no need for more openings in the bags in order to allow excess air to escape. Products, such as milk powder, have a longer shelf life. Also, the company’s technology has an affirmative influence on the colour, smell, and taste of milk powder, thereby making it an ideal choice for packaging.
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.
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Milk Powder Packaging Market
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