“Global Milk Bottle Market to reach a market value of USD 4.7 Billion by 2031 growing at a CAGR of 5%”
The Global Milk Bottle Market size is expected to reach $4.7 billion by 2031, rising at a market growth of 5% CAGR during the forecast period.
Many countries in the region are experiencing significant urbanization trends, leading to higher consumer demand for packaged dairy products, including milk bottles, in urban centers. With a large and growing population, especially in countries like China, India, and Indonesia, there is substantial demand for dairy products as part of daily nutrition, driving the need for milk bottles. Therefore, the Asia Pacific region acquired 41% revenue share in the market 2023.
Milk bottles offer convenience by providing a ready-to-consume format without additional preparation. This convenience appeals to busy consumers who prioritize ease of use and time-saving benefits in their daily routines.
Additionally, as dairy consumption rises worldwide, the demand for milk bottles increases proportionately. More milk and dairy products need to be packaged and transported, leading to a surge in the production and supply of milk bottles.
However, the primary raw material for plastic milk bottles is polyethylene terephthalate (PET), derived from petroleum. Fluctuations in oil prices directly impact the cost of producing PET. When oil prices rise, plastic bottle production costs increase, leading to higher production costs for milk bottle manufacturers.
By material, the market is divided into plastics and glass. In 2023, the glass segment registered 51% revenue share in the market. Glass milk bottles are favored for their sustainability credentials. They are reusable and often returned to dairy farms or collection points for cleaning and refilling, reducing single-use plastic waste.
Based on closure type, the market is divided into screw cap, snap-on caps, and others. In 2023, the snap-on caps segment procured 35% revenue share in the market. Snap-on caps are designed for quick and effortless application and removal, offering convenience to consumers during daily use, such as when preparing meals or snacks.
Based on capacity, the market is divided into below 200 ML, 200 ML to 500 ML, 500 ML to 2000 ML, and above 2000 ML. In 2023, the 200 ML to 500 ML segment garnered 33% revenue share in the market. Milk bottles in the 200 mL to 500 mL range are popular for their convenience as single-serve portions.
On the basis of application, the market is segmented into baby feeding bottle and milk store bottle. In 2023, the baby feeding bottle segment attained 42% revenue share in the market. Milk bottles are essential for feeding formula milk to infants not breastfed or requiring supplementary feeding.
Free Valuable Insights: Global Milk Bottle Market size to reach USD 4.7 Billion by 2031
Region-wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. In 2023, the Europe region generated 27% revenue share in the market. Europe has stringent regulations regarding packaging, especially for products like pharmaceuticals, cosmetics, and food and beverages.
| Report Attribute | Details |
|---|---|
| Market size value in 2023 | USD 3.2 Billion |
| Market size forecast in 2031 | USD 4.7 Billion |
| Base Year | 2023 |
| Historical Period | 2020 to 2022 |
| Forecast Period | 2024 to 2031 |
| Revenue Growth Rate | CAGR of 5.0% from 2024 to 2031 |
| Number of Pages | 229 |
| Number of Tables | 430 |
| Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Porter’s 5 Forces Analysis, Company Profiling, Companies Strategic Developments, SWOT Analysis, Winning Imperatives |
| Segments covered | Material, Closure Type, Capacity, Application, Region |
| Country scope |
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| Companies Included | Bormioli Luigi S.p.A. (Bormioli Rocco), Ajanta Bottle Pvt. Ltd., Gerresheimer AG, Amcor Plc, WestRock Company, Huhtamaki Oyj, Graham Packaging, Berry Global Group, Inc., Plastipak Holdings, Inc. and Pigeon Corporation |
By Material
By Closure Type
By Capacity
By Application
By Geography
This Market size is expected to reach $4.7 billion by 2031.
Convenience and on-the-go consumption are driving the Market in coming years, however, Fluctuating raw material costs restraints the growth of the Market.
Bormioli Luigi S.p.A. (Bormioli Rocco), Ajanta Bottle Pvt. Ltd., Gerresheimer AG, Amcor Plc, WestRock Company, Huhtamaki Oyj, Graham Packaging, Berry Global Group, Inc., Plastipak Holdings, Inc. and Pigeon Corporation
The expected CAGR of this Market is 5% from 2024 to 2031.
The Milk Store Bottle segment is leading the Market by Application in 2023; thereby, achieving a market value of $2.6 billion by 2031.
The Asia Pacific region dominated the Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $2.1 billion by 2031.
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