Dairy Products Packaging Market to Hit $40 Billion by 2024, Bolstered by Continuous Demand from Milk and Milk Products - Market Report (2018-2024) by Industry Experts, Inc.
Industry Experts, Inc. released an updated 2019 version of its global market report on Dairy Products Packaging. The new report entitled " Dairy Products Packaging – A Global Market Overview " reveals that Milk accounts for the largest application share of dairy packaging with US$9.9 billion in 2018 while Europe and Asia-Pacific closely follows. Plastic has become the material of choice for packaging dairy products, with polyethylene terephthalate (PET) bottles with aseptic packaging ensuring maximum product integrity. The global demand for PET in dairy products packaging is likely to post the fastest growth owing to the material’s complete recyclability, outstanding barrier properties and neck and cap tightness that makes sure that products within the container are completely safe. Accounting for a share estimated at 41.4% translating into US$12.8 billion in 2018, Milk is the largest application of Dairy Products Packaging globally, which is projected to reach US$17 bi...