The global milk packaging market is projected to grow at a CAGR of over 4% during the forecast period. The key factors that encourage the growth of the market include various applications of milk for the preparation of several food items. Further, milk is also considered as a source of calcium, minerals, vitamin D, and protein. Besides, the availability of milk in the form of flavored drinks and others is also driving the growth of the global milk packaging industry over the forecast period.
Further, Amcor PLC, Mondi Group, Ball Corp., Ardagh Group, TetraPak International S.A., and Stanpac Inc., and others are some of the key players contributing towards the growth of the milk packaging market. New product launches & developments, partnerships, agreements, and acquisitions are some of the key strategies adopted by the players to sustain in the competitive market. For instance, in March 2019, Tetra Pak unveiled the “factory of the future” with digital technology with human and AI collaboration in order to enhance the way of manufacturing plants.
A Full Report of Global Milk Packaging Market is Available at: https://www.omrglobal.com/industry-reports/milk-packaging-market
Global Milk Packaging Market – Segmentation
By Material
• Plastic
• Paper & Paperboard
• Others
By Packaging Type
• Rigid Packaging
• Flexible Packaging
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
