The global market for dairy product packaging is experiencing healthy growth. It’s projected to expand at a compound annual growth rate (CAGR) of 4.5% through 2027, with gains led by milk and yogurt products, according to a report from Future Market Insights, Valley Cottage, N.Y. The report, “Dairy Products Packaging Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017-2027),” attributes the expansion to increasing consumption of dairy products, particularly in the Asia Pacific region, which is expected to grow the fastest with a CAGR of 6.4%.
Driving forces include urbanization, rising incomes, consumer awareness of and preference for fresh products, interest in clean labels and sustainability, growing concerns about food waste and rising demand for healthy snacks and ready-to-eat foods.