(I-BusinessNews.Com, November 02, 2016 ) The Global Dairy Packaging is accounted at $21.36 billion in 2015 and is estimated to reach $28.4 billion by 2022 growing at a CAGR of 4.15% from 2015 to 2022. The rising demand for dairy products is the primary factor favoring the market. Furthermore, increasing disposal income, initiatives by packaging companies and demand for smaller packs are drivers for the Dairy Packaging Market. However, sanitation and increasing raw material cost are limiting the market growth. The recent trends in global Dairy packaging market are growing demand for fresh foods, increasing awareness about healthy diet and rapid urbanization.
Report URL: http://www.reportsweb.com/dairy-packaging-global-market-outlook-2015-2022 Asia-Pacific region is expected to witness highest growth rate during the forecast period due to increasing demand for dairy products in emerging economies such as China and India. In Latin America, Brazil is likely to acquire the highest market share during the forecast period due to increase in consumption of health drinks.
Some of the key players of the market include DuPont DE Nemours, Amcor Limited, Ball Corporation, SaintoGobain S.A, Tetra Laval International S.A, Alcoa Inc, Reynolds Group Holding Limited, and Crown Holdings Inc.
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