Dairy Packaging Market Analysis, Size, Growth, Share & Forecast to 2025 | Grand View Research Inc.
The global dairy packaging market size is expected to reach USD 83.37 billion by 2025, according to a new report by Grand View Research, Inc. It is anticipated to register a CAGR of 4.19% during the forecast period. Rising dairy consumption as a result of growing health consciousness among consumers from emerging economies including China and India, are expected to drive the growth. Rising popularity of packaged dairy products across all retail channels, owing to the increasing population and changing dietary habits, is expected to fuel the demand for dairy packaging. The shifting consumer preference for protein based products in line with the rising health preferences is a key factor driving demand for convenient packaging. Over the years, dairy products, whether low or full-fat, have positioned themselves as a great source of nutrition. Millennials seek out healthy products and consider dairy as an effective option owing to its health benefits such as boosting bone density, fighting diseases, and improving memory. This factor is poised to drive the demand for dairy packaging. However, the devastating ecological effects plastic packaging are anticipated to propel the usage of eco-friendly packaging materials. Therefore, manufactures are increasingly switching to biodegradable packaging materials to gain consumer trust. For instance, in March 2019, Stanpac Inc., in partnership with Coconut Bliss introduced plant-