The global Cheese Packaging Market is poised for robust growth, with a projected Compound Annual Growth Rate (CAGR) of 5.6% between 2022 and 2029, potentially reaching a substantial valuation of US$ 5.3 billion by 2029. Cheese, a beloved consumer favorite and highly sought-after ingredient in the food industry, particularly in fast-food and on-the-go food products, fuels the demand for specialized cheese packaging solutions. These solutions play a crucial role in safeguarding cheese during transportation and storage.
Furthermore, cheese packaging serves as a barrier, preventing the entry of moisture and oxygen, which in turn extends the shelf life of cheese. Leveraging advanced packaging technologies, the cheese industry can significantly increase the longevity of its products. As a result, there’s a rapid upsurge in the demand for aseptic and modified atmospheric cheese packaging.
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The cheese packaging market is on an upward trajectory, driven by various factors, including the growing consumption of cultured cheese and dairy products. Additionally, the global rise in modern retail outlets amplifies the demand for packaged dairy and cheese products. Furthermore, the cheese industry’s increasing preference for aseptic packaging solutions further solidifies the market’s growth prospects. With these dynamics in play, the global cheese packaging market is expected to continue thriving in the foreseeable future.
Here are some key points highlighting the trends and factors driving the cheese packaging market:
- Increased consumption: The growing popularity of cheese as a versatile and nutritious food product has led to increased consumption worldwide, driving the demand for innovative and effective packaging solutions.
- Extended shelf life: Advanced packaging technologies, such as vacuum-sealed and modified atmosphere packaging (MAP), help extend the shelf life of cheese, ensuring its freshness and taste for longer periods.
- Convenience and portability: Consumers seek convenient and portable packaging options for cheese, such as resealable pouches and single-serve packs, catering to on-the-go lifestyles and reducing food waste.
- Sustainability: With the rising emphasis on eco-friendly practices, there is a growing demand for sustainable cheese packaging solutions, including recyclable materials and reduced plastic usage.
- Branding and marketing: Eye-catching and informative packaging designs play a crucial role in attracting consumers and conveying product information, enhancing brand visibility and market competitiveness.
The cheese packaging market is poised for significant growth as manufacturers focus on developing innovative, sustainable, and visually appealing packaging solutions to meet the evolving consumer demands and regulatory requirements.
Additionally, using cheese packaging prevents moisture and oxygen from entering. The shelf-life of cheese can be significantly extended with the application of cutting-edge packaging technology. These elements have led to an increase in demand for aseptic and modified atmospheric cheese packaging.
Majorly driven by the fast food sector and on-the-go food products manufacturers, demand for processed cheese continues to be on an upward trend. This would remain a prominent booster to the growth of cheese packaging market in the following years.
Protective packaging solutions designed for cheese and cheese products play a critical role in preventing moisture loss and oxygen transmission from packaged products. This attribute continues to establish a strong ground for the expansion of the cheese packaging market, suggests a new Future Market Insights (FMI) study.
Key Takeaways of Cheese Packaging Market Study
- Pouches continue to hold a maximum market share; demand for small-sized pouches would be prominent for cheese slices and liquid cheese products.
- Plastics would discover a substantial incremental revenue opportunity by the end of 2029, owing to the superior barrier and space-efficient attributes.
- A majority of demand for cheese packaging is concentrated at modern trade channels such as hypermarkets and supermarkets.
- European countries continue to hold a lion’s share in global cheese packaging market.
- China, India, and Japan are emerging highly lucrative, on the back of progressing market outlook of ready-to-eat products.
Cheese packaging market players should best leverage the remunerative growth potential of eco-friendly material options. Capacity expansion and development of cost-effective cheese packaging technologies would help them discover significant profits across the value chain.
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Cheese Packaging Market Landscape
The global cheese packaging market is highly competitive, where local and unorganized players are leveraging significant growth opportunities. Some of the key players in cheese packaging market include Amcor Plc, Winpak, Constantia Flexibles Group GmbH, Berry Global Inc., RPC Group Plc, Mondi Group, Sonoco Product Company, SCHUR Flexibles, Sealed Air Company, SKOPOS SA, and others. Companies are focusing on product innovation and acquisitions with an aim to increase their global presence and customer base in the global cheese packaging market.
- In February 2019, Amcor Limited introduced Genesis, an all-polyethylene laminate with the look and feel of traditionally oriented polyethylene or oriented polyester. This product is suitable for use in medical, food, home care, personal care, and other industries. The company also acquired Bemis Company Inc., which is one of the leading players in the cheese packaging market.
- In 2019, RPC Group acquired PLASgraam, a leading recycling specialist in the U.K.
- In 2018, Berry Global Inc., acquired Laddawn, Inc. with an investment of US$ 242 Mn and Clopay Plastic Products Company, Inc. with an investment of US$ 475 Mn. In 2017, Berry Global Inc. acquired Adchem Corp and AEP Industries Inc. with an investment of US$ 791 Mn. The acquired company manufactures flexible packaging products from polyethylene and PVC.
Key Segments Covered in Cheese Packaging Industry Research
By Packaging Format:
- Boxes
- Cups
- Pouches
- Trays and Flow Wraps
- Containers
- Lids and Foil
- Others
By Material:
- Plastic
- Paper
- Aluminium
- Glass
By Distribution Channel:
- e-Commerce
- Retail Stores
- Convenient Stores
- Hypermarkets /Supermarkets
- Others
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What Does the Report Cover?
Future Market Insights, in this new report, offers an unbiased analysis of the global cheese packaging market, analyzing historical demand from 2014-2018 and forecast statistics for 2019-2029. The study offers growth projections on the cheese packaging market based on packaging format (boxes, cups, pouches, lids & foils, trays & flow wraps, containers, and others), material (plastic {EVOH, PET, polypropylene, polyethylene, polyamide, and others}), distribution channel (e-Commerce, retail stores, convenient stores, hypermarkets /supermarkets, and others) across seven key regions.
Author
Ismail Sutaria (Lead Consultant, Packaging and Materials) has over 8 years of experience in market research and consulting in the packaging & materials industry. Ismail’s strength lies in identifying key challenges faced by the client and offering logical and actionable insights to equip the clients with strategic decision-making power.
Ismail has been an instrumental part of several transformational consulting assignments. His key skills include competitive benchmarking, opportunity assessment, macroeconomic analysis, and business transformation advisory. Ismail is an MBA holder in Marketing and has a Bachelor’s Degree in Mathematics.
Ismail is a regular at industry conferences and expos and has been widely covered in electronic and print media. He is a Speaker at our upcoming Talk show – Rise of the Intelligent Packaging. Ismail has been quoted in leading publications, including the European Pharmaceutical Review and the European Adhesive Tape Association.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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