Asia Pacific Dairy Packaging Market was worth USD xx billion in 2021 and estimated to be growing at a CAGR of xx%, to reach USD xx billion by 2026.
Packaging is anything which is utilized to handle, contain, protect, and deliver raw material and processed goods. The main reason for packaging is to provide consumer with products in perfect condition. Few advantages of packaging include providing information to a consumer regarding the product contents for example, ingredients information, usage procedure, etc. Increasing awareness about health, consumption of various dairy products resulting from rising demand for fresh foods as part of a healthy diet, and increasing urbanization are major trends of the dairy food packaging market.
Demand for dairy packaging is estimated to grow during the forecast period majorly because of the growth in offerings of dairy items in smaller packs and rising disposable income. Furthermore, the demand for packaging is growing because of the growing popularity of smaller packs and increasing consumer preference for dairy products like yogurt.
But still, few major restraining factors of the dairy food packaging market are ensuring compliance for product safety, growing cost of raw material, sanitation and worker safety. Nonetheless, usage information on the packaging can dissuade a buyer from buying which is one of the primary disadvantage for dairy packaging market.
Asia Pacific dairy packaging market is categorized on the basis of type, material, application and region. If we go by type dairy food packaging market is segmented into tubs & cups, bottles, cans, pouches, carton & boxes and others. Further, carton & boxes is sub-categorized into gable top cartons, folding cartons and aseptic. Cans are further sub-categorized into standard, aerosol and composite. On the basis of material the market is categorized into glass, plastic, metal, paperboard and others. Moreover, if we go by application the dairy food packaging market is categorized into milk, cheese, frozen products, cultured dairy products, cream, butter and other products.
The Asia Pacific Dairy Packaging Market is analysed across India, China, Korea, Japan and others. Asia-Pacific is likely to exhibit highest CAGR in the dairy packaging market during the aforementioned forecast period because of the growing R&D facility. Emerging countries like China and India are expected to lead this growth trend in Asia-Pacific.
Key Players in the Market:
Major key players in the Asia Pacific Dairy Packaging Market are
Amcor Limited, Alcoa Inc., Ball Corporation, DuPont (EI) de Nemours, Reynolds Group Holdings Limited, Crown Holdings, Inc. , Saint-Gobain S.A., Tetra Laval International S.A. to name a few.
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