DUBLIN, May 23, 2016 /PRNewswire/ --
Research and Markets has announced the addition of the "Global Milk Packaging Market 2016-2020" report to their offering.
The global milk packaging market to grow at a CAGR of 3.35% during the period 2016-2020.
Amcor, Evergreen Packaging, and Tetra Pak are some of the prominent vendors in this market.
The report covers the present scenario and the growth prospects of the global milk packaging market for the period 2016-2020. To calculate the market size, the report takes into account the total revenue generated by regular milk and flavored milk packaging vendors from different geographical regions. The report also includes a discussion of the key vendors operating in this market.
The rise in the number of small households has led to increased demand for single serve packs of consumer products in the mass consumption branded category. This preference for single serve packs fuels opportunities for brand switching, as consumers are not committed on consuming large volumes at a time but rather buy products regularly. Another factor of increased market for single serve is that merchants opt for packaged products that use less shelf space in order to stack more items. They also prefer attractive packaging to spur sales. The introduction of single-serve milk packaging is providing tremendous opportunities for milk manufacturers to reach a larger market. Therefore, the growing demand for single serve milk packs will drive the global milk packaging market.
According to the report, one of the major factors driving the growth of the milk packaging market is the growing demand for milk from developing countries. The rate of milk consumption is high in the developing economies in APAC such as India and China, which is driving the growth of the market.
Further, the report states that the fluctuation in the price of raw materials such as aluminum, plastic, and paper is expected to restrict the growth of the milk packaging market during the forecast period.
- Evergreen Packaging
- Tetra Pac
Other prominent vendors
- Blue Ridge Paper Products
- CKS Packaging
- Clondalkin Group Holdings
- Consolidated Container
- Crown Holdings
- Essel Propack
- Exopack Holding
- General Packaging Products
- Global Closure Systems
- Graham Packaging
- Graphic Packaging Holding
- International Paper Company
- Linpac Packaging
- RPC Group
- Sealed Air
- SF Holdings Group
- SIG Combibloc Group
Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
For more information visit http://www.researchandmarkets.com/research/55whpn/global_milk
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To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/research-and-markets---global-milk-packaging-market-2016-2020---key-vendors-are-amcor-evergreen-packaging-and-tetra-pak-300273025.html
SOURCE Research and Markets