Milk Bottle Market to Reach $5,718.7 Million Globally by 2032 at 5.1% CAGR

Allied Market Research

The increasing global population and dairy demand is projected to drive the global milk bottle market's growth during the forecast period. The Asia-Pacific region is predicted to witness prominent growth by 2032.

WILMINGTON, Del., April 19, 2024 /PRNewswire/ -- Allied Market Research has recently published a report, titled, "Milk Bottle Market Size, Share, Competitive Landscape and Trend Analysis Report by Capacity, By Application, By Material, By Closure Type : Global Opportunity Analysis and Industry Forecast, 2023-2032." According to the report, the global milk bottle market generated $3,580.1 million in 2022, and is anticipated to generate $5,718.7 million by 2032, rising at a CAGR of 5.1% from 2023 to 2032.

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Prime Determinants of Growth

The growing population across the globe coupled with the growing demand for dairy and the rapid expansion of e-commerce & online grocery shopping due to on-the-go lifestyle are the factors expected to drive the growth of the global milk bottle market in the forecast period from 2023 to 2032. However, the rising raw material costs may limit market growth in the coming future. On the contrary, increasing emphasis on eco-friendly packaging and technological advancements and the innovations in design & functionality of milk bottles are expected to offer remunerative opportunities for the expansion of the milk bottle market during the forecast period.

Report Coverage & Details:

Report Coverage	Details
Forecast Period	2023–2032
Base Year	2022
Market Size in 2022	$3,580.1 million
Market Size in 2032	$5,718.7 million
CAGR	5.1 %