Demand for cheese packaging is set to account for a market value of over $5bn (~€4.5bn) towards the end of 2029.
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FMI: Cheese packaging market to surpass $5bn by 2029
Driven largely 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 for cheese play a critical role in preventing moisture loss and oxygen transmission. This attribute continues to establish a strong ground for the expansion of cheese packaging, according to a new market intelligence study by Future Market Insights (FMI).
Pouches continue to hold a maximum market share, and demand for small pouches would be prominent for cheese slices. Plastics would discover a substantial incremental revenue opportunity by the end of 2029, owing to superior barrier and space-efficient attributes.
European countries will continue to hold a lion’s share in the global cheese packaging market, according to FMI, with China, India, and Japan emerging as highly lucrative markets.
The global cheese packaging market is highly competitive, where local and unorganised players are leveraging significant growth opportunities. Key players include Amcor Plc, Winpak, Constantia Flexibles, Berry Global, RPC Group, and Mondi Group, amongst 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.