Infant Formula Packaging - Global Market Outlook (2018-2027)
According to Stratistics MRC, the Global Infant Formula Packaging market is accounted for $1.38 billion in 2018 and is expected to reach $3.01 billion by 2027 growing at a CAGR of 9.0% during the forecast period. Key factor such as increasing command for secure and hygienic packaging of infant formula is driving the market growth. However, a strict financial penalty for milk formula companies is the restraining factor for the growth of the market.
Infant formula packaging goods are particularly designed as per the rules of FDA. A variety of types of infant formula packaging are presented, together with plastic containers such as metal cans, tubs, cartons, and pouches. These packaging formats are best suitable packaging solutions for wet as well as dry infant formula. Little carbon impact packaging and simple to biodegradable material is getting hold of extra traction in the middle of end-users in the global infant formula packaging market.
By packaging format, pouches segment is likely to have a huge demand as they are broadly used by infant formula manufacturers, as the wrapping equipment. The manufacturers are annoying to include the anti-rubbing characteristic in the pouches to overcome any pinholes on the outside of the package which is driving the market growth. On the basis of geography, Asia Pacific is going to have a lucrative growth during the forecast period as it is a most important supplier. China is estimated to stay on the biggest market in terms of its volume contribution.
Some of the key players in Infant Formula Packaging Market include Amcor Plc., Silgan Holdings Inc., Scholle IPN Corporation, Perrigo Company Plc, Sonoco Europe, AptarGroup, Inc., Tetra Pak, GUALAPACK S.P.A., CM Packaging and Visy Industries.
Form Types Covered:
• Ready-to-Feed Liquid Form
• Powdered Form
Packaging Formats Covered:
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
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