According to a new report, published by KBV research, The Global Milk Bottle Market size is expected to reach $4.7 billion by 2031, rising at a market growth of 5.0% CAGR during the forecast period.
The Milk Store Bottle segment is leading the Global Milk Bottle Market by Application in 2023; thereby, achieving a market value of $2.6 billion by 2031. Milk stores often source fresh milk directly from local dairy farms or trusted suppliers, ensuring higher quality and freshness than pre-packaged alternatives in supermarkets. Consumers visiting milk stores typically purchase milk for daily consumption, preferring fresh products with shorter shelf lives that are replenished frequently.
The Plastics segment is anticipating a CAGR of 5.4% during (2024 - 2031). Plastic milk bottles are generally less expensive than glass or other materials, making them cost-effective for manufacturers and consumers. Plastic bottles often offer more competitive pricing per unit volume, appealing to budget-conscious consumers and households looking for economical packaging solutions.
The Screw Cap segment dominated the Global Milk Bottle Market by Closure Type in 2023; thereby, achieving a market value of $1.8 billion by 2031. Screw caps are easy to open and close, providing convenience for consumers during daily use, especially in households with children or elderly individuals. Screw caps ensure a tight and secure seal, preventing leaks and spills during storage, transportation, and handling, which is crucial for maintaining product freshness and minimizing waste.
The Below 200 ML segment is registering a CAGR of 5.2% during (2024 - 2031). Smaller milk bottles below 200 mL cater to consumers looking for convenient, single-serve portions. They are ideal for quick consumption at home, work, or on the go, offering minimal waste and ease of handling. These smaller portions provide precise portions suitable for various occasions, such as adding milk to coffee, cereal, or recipes without needing larger quantities.
Full Report: https://www.kbvresearch.com/milk-bottle-market/
The Asia Pacific region dominated the Global Milk Bottle 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. The Europe region is experiencing a CAGR of 4.3% during (2024 - 2031). Additionally, The North America region would exhibit a CAGR of 4.6% during (2024 - 2031).
By Material
By Closure Type
By Capacity
By Application
By Geography