( MENAFN - EIN Presswire) Milk Packaging market 2024 WILMINGTON, NEW CASTLE, DELAWARE 19801 USA, UNITED STATES, June 10, 2024 /EINPresswire / -- According to a new report published by Allied Market Research, titled,“Milk Packaging Market , by Packaging Type and Material: Global Opportunity Analysis and industry Forecast", 2022–2031", The milk packaging market was valued at $40,012.10 million in 2020, and is estimated to reach $66.0 Billion by 2031, growing at a CAGR of 4.

69% from 2022 to 2031. Get Sample PDF Here: The pouch segment accounted for more than half of the global milk packaging industry in 2021. Milk packaging establishes an important link between milk manufacturer and consumer for systematic and secure delivery of milk through different stages of storage, transport, and distribution.

Milk packaging has gained a prominent position in overall distribution process, owing to rapid growth in the global economy and improvements in the standard of living of people. In addition, increase in the number of health-conscious consumers across the globe boosts the overall demand for milk, which is a source of minerals, calcium, protein, and vitamin D. Moreover, companies focus on expanding their product portfolio by serving flavored and specially packaged milk.

This, in turn, is expected to fuel the overall demand for milk in the future. However, fluctuation in prices of materials, including plastic, paper, and aluminum and stringent government regulations regarding the use.