Infant Formula Packaging Market Forecasts to 2030 - Global Analysis By Packaging Format (Cartons, Mirabegron, Pouches and Other Packaging Formats), Form Type (Powdered Form and Ready-to-Feed Liquid Form) and By Geographyc

According to Stratistics MRC, the Global Infant Formula Packaging Market is accounted for $2.17 billion in 2023 and is expected to reach $4.24 billion by 2030 growing at a CAGR of 10.0% during the forecast period. Infant formula is a mixture of several formulae that is created according to the baby's needs. It generally consists of soy or cow milk. Infant formula made from soybeans can be used in place of cow milk-based formula in cases when newborns have allergies. The availability of a wide range of newborn formula ingredients and their health advantages are likely to cause a considerable increase in demand for infant formula throughout the forecast period.

According to the World Bank, China has 61.61% female labor participation in 2021. These trends have made packaged foods a vital part of families' pantries worldwide.

Market Dynamics:

Driver:

Premiumization and inventive packagings

Since the past few years, innovative packaging for infant formula has gained popularity. Manufacturers are concentrating on eco-friendly packaging options to satisfy the diverse needs of clients. The sanitary, flexible, safe and reusable packaging solutions are potential to rise exponentially. End customers are showing a rising preference for sustainable packaging options. Manufacturers and brand owners are providing recyclable, reuse, or biodegradable packaging options. They can be recycled as well. Packing for infant formula offers excellent barrier resistance and superior packing quality. These can be utilized as powerful marketing instruments for product branding and promotion. The commercial picture for infant formula packaging so seems promising.

Restraint:

Higher price point compared to traditional packaging

The market for the packaging of Infant formula is significantly impacted by cost. Compared to standard packaging choices, developing and implementing novel packaging solutions that specifically address the needs of infant formula products may be more expensive. Although beneficial, using eco-friendly and sustainable materials also has a higher cost. Additionally, improvements in packaging technologies and customisation options necessitate hefty expenditures on tools, machinery, and laborers with the necessary skills. Manufacturers of Infant formula packaging find it difficult to strike a balance between cost, usefulness, and sustainability which hampers the growth of the market.

Opportunity:

Greater hygiene and shelf life

If infant formula is not handled appropriately during preparation, storage, and transportation, the level of nutrients drops. Packaging for infant formula establishes a partition between the environment and the content being stored. Infant formula is shielded from oxygen, sunlight, dust, humidity, and temperature by this device. Advanced packaging materials also inhibit the growth of microorganisms, extending the shelf life of stored goods. For baby food products to have consistent quality and a long shelf life, end customers are more likely to favor active packaging. Moreover, superior packaging conveys a perception of safety, flavor, nutrition, and hygiene. This raises the value of baby formula and directly affects product sales.

Threat:

Complications with product stability and shelf life

The significant market barriers include shelf life and product stability for infant formula packaging. A lot of infant supplements contain delicate components that might degrade or lose their potency over time. The product must be shielded from outside elements including moisture, light, and oxidation that could harm its effectiveness and quality. It may be difficult to develop packaging strategies that guarantee product stability over the course of the shelf life. Companies that package nutraceuticals must carefully choose materials and use barrier qualities to reduce exposure to dangerous substances. Failure to address shelf life and product stability concerns may lead to product degradation, reduced effectiveness, and potential consumer dissatisfaction thus hindering the market growth.

COVID-19 Impact:

The global packaging sector was negatively impacted by the COVID-19 outbreak. Due to supply chain disruption, production and supply activities abruptly came to an end. The need for food increased significantly, but a sales estimate of the worldwide infant formula packaging market suggested negative growth in 2020 because customers favoured handmade infant formula meals. Trade restrictions, a lack of raw material supply and a demand-supply imbalance has had a detrimental impact on the characteristics of the worldwide infant formula packaging industry. However, a market demand analysis of infant formula packaging shows that since the peak of the COVID-19 epidemic, consumption of infant formula packaging has been significantly increasing.

The pouches segment is expected to be the largest during the forecast period

The pouches segment is estimated to have a lucrative growth, due to these are more handy for on-the-go consumption since they are lightweight, difficult to break, and squeezable and don't require a spoon. If baby is young, press the puree into a bowl so may feed with a spoon. This will make feeding less messy because there will normally be less leaking and spatter when the food goes right from the spout into child's mouth. Baby food pouch overuse may increase a child's risk for certain developmental delays and health issues.

The ready-to-feed liquid form segment is expected to have the highest CAGR during the forecast period

The ready-to-feed liquid form segment is anticipated to witness the highest CAGR growth during the forecast period, because the most practical kind of formula is one that is ready for use. Powdered formula is available in small travel packs and canisters with a small scoop. Before giving it to infant, it is mixed with water. Although powdered formula is the most affordable option on the market, some newborns may find it to be constipating. Additionally, when traveling with powdered formula, one need to bring along a container of safe, clean water.

Region with largest share:

Asia Pacific is projected to hold the largest market share during the forecast period owing to a rise in newborn formula sales, the Asia-Pacific region currently dominates the infant formula packaging market and will keep up its dominant trend during the projection period. Some significant factors influencing market expansion include the availability of raw materials, cheap production costs in developing nations like China and India, rising urbanization, globalization, soaring demand for premium goods, and rising individual disposable income.

Region with highest CAGR:

North America is projected to have the highest CAGR over the forecast period, due to the high demand for packaged infant food items in nations like the United States and Canada. Additionally, it is anticipated that the demand for packaged infant food items will increase due to changing lifestyles and rising consumer disposable income levels in nations like Mexico, supporting market expansion. Additionally, a large increase in women's work is being seen in the North American region, which means that women have less time to provide traditional child care. The infant formula packaging market now has a window of opportunity, pushing the sector under study.

Key players in the market:

Some of the key players profiled in the Infant Formula Packaging Market include: Amcor Plc, Scholle IPN, Sonoco Europe, Silgan Holdings, GUALAPACK S.P.A, Perrigo Company, Aptar Group, Mondi Group, Ardagh Group, CM Packaging, Tetra Pak, Winpak, Visy Industries, M C Packaging Corporation, Independent Can Company, Trivium Packaging and ITC Packaging

Key Developments:

In August 2023, Amcor announces acquisition of scalable flexible packaging plant in high-growth Indian market, Phoenix Flexibles has one plant located in Gujarat, India, and the business generates annual revenue of approximately US$20 million from the sale of flexible packaging for food, home care and personal care applications.

In July 2023, Amcor launches AmFiber™ Performance Paper in Latin America; AmFiber™ Performance Paper packaging is now available to customers in Latin America seeking a high barrier, recyclable paper-based packaging solution.

In March 2023, Sonoco Partners with GreenGasUSA to Reduce Emissions and Provide Renewable Energy, In partnership with renewable natural gas developer GreenGasUSA, new biogas equipment now converts any gaseous methane to pipeline quality renewable natural gas.

Packaging Formats Covered:

• Cartons
• Pouches
• Cans
• Other Packaging Formats

Form Types Covered:

• Powdered Form
• Ready-to-Feed Liquid Form

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances