Global Infant Formula Packaging Market By Packaging Format (Cans, Cartons, Pouches, and Others), Form Type (Powdered Form and Ready-to-Feed liquid Form), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights: Global Infant Formula Packaging Market
Data Bridge Market Research analyses that the infant formula packaging will project a CAGR of 6.20% for the forecast period of 2021-2028. Rising focus on the packaging product innovations by the major manufacturers, growth and expansion of packaging industry especially in the developing economies, rising trend of fortification of baby food with various vitamins and minerals, and increased personal disposable income are the factors driving the growth of infant formula packaging market. Therefore, the infant formula packaging market value will rocket up to USD 4100 million by 2028.
From the name itself, it is clear that infant formula is manufactured and designed to be consumed by infants and babies under the age of 12 months. This infant formula provides the required nutrition during the early months of their life. Infant formula includes all basic vitamins, minerals, carbohydrates, fats and proteins that act as building blocks for the infants and babies. Therefore, infant formula packaging refers to the packaging materials that are used for providing a protective covering to the baby food. However, processing, handling and storing infant formula may have unfavourable effects on the nutritional value and thus, the manufacturers need to comply with stringent standards of packaging.
Rising awareness about the benefits of high quality and hygienic packaging for baby food and infant formula is driving the growth in the infant formula packaging market value. Growing focus of the manufacturers on the environmental-friendly packaging products, increase in female participants in the labour market, surge in the birth rate and growth and expansion of the food and beverages industry especially in the developing economies will further induce growth in the infant formula packaging market value. Rising proliferation of e-commerce industry especially in the developing economies, growing middle-class population and changing lifestyle of individuals especially in emerging economies India, Indonesia and China are some other indirect factors that will also promote the infant formula packaging market growth rate.
However, stringent regulations imposed by the regulatory authorities on packaging quality will create hindrances for the infant formula packaging market growth rate. Also, rising concerns related to food safety will further dampen the infant formula packaging market growth rate. Fluctuations in the prices of raw materials will also restrict the scope of growth for the infant formula packaging market.
This infant formula packaging market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on infant formula packaging market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Infant Formula Packaging Market Scope and Market Size
Global infant formula packaging market is segmented on the basis of packaging format and form type. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of packaging format, the infant formula packaging market is segmented into cans, cartons, pouches, and others.
- On the basis of form type, the infant formula packaging market is segmented into powdered form and ready-to-feed liquid form.
Infant Formula Packaging Market Country Level Analysis
The global infant formula packaging market is analysed and market size insights and trends are provided by country, packaging format and form type as referenced above.
The countries covered in the infant formula packaging market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific region dominates the infant formula packaging market and will continue to flourish its trend of dominance during the forecast period owing to the increase in sales of infant formula. Availability of raw materials, low manufacturing costs in emerging economies like India and China, rising urbanization, globalization, surging demand for premium products and increasing personal disposable income are some important market growth determinants.
The country section of the infant formula packaging market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Infant Formula Packaging Market Share Analysis
The infant formula packaging market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to infant formula packaging market.
The major players covered in the infant formula packaging market report Visy., Perrigo Company plc, Sonoco Products Company, Amcor plc, Tetra Pak Group, Silgan Holdings Inc., Scholle IPN, AptarGroup, Inc., Guala Pack S.p.a., CM Packaging, Ardagh Group S.A., Mondi, WINPAK LTD., MC Packaging (Pte) Ltd., BALL CORPORATION, Tata Tinplate, BERICAP, Bemis Manufacturing Company, Pretium Packaging group of companies and FPC Flexible Packaging among other global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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