The increasing demand for flavored milk particularly in developing countries will drive the growth of the milk packaging industry, according to a report published by Allied Market Research .
“Significant surge in the demand for single-serve milk packs among people, growing awareness about the health benefits of dairy products to meet essential calcium and nutrient requirements in the body, and rise in geriatric population across the globe are expected to drive the growth of the global milk packaging market,” AMR said.
Based on region, the market across Asia-Pacific held the lion’s share in 2020, garnering nearly half the global market. In addition, the same region is predicted to cite the fastest CAGR of 5.2 percent during the forecast period. The research also analyzes regions including North America, Europe, and Latin America, Middle East, and Africa .
Asia-Pacific is projected to maintain its dominant position in the global market from 2020 to 2031. China occupied more than one fourth of the Asia-Pacific market in 2021.