Growing need for convenient consumption is fueling the Ice Cream Packaging Market

Global ice cream packaging market was valued at US$ 820.9 Mn in 2022, exhibiting CAGR of 4.0% from 2023-2030. Market is likely to reach US$ 1,123.46 Mn by the end of 2030


Key Takeaways

Key players operating in the ice cream packaging market are Sonoco Products Company, Amcor Plc, International Paper Company, Sealed Air Corp., Huhtamaki Oyj, Amcor Plc , Linpac Group Ltd., Ampac Holdings LLC, INDEVCO Group, Tetra Laval, Berry Global, Stora Enso, and SIG. These players are focusing on new product launches, mergers & acquisitions and expansions to gain a competitive edge in the market.

The Ice Cream Packaging Market Demand is expected to grow considerably over the forecast period driven by increasing consumption of frozen desserts and ice cream among millennial consumers who prefer small pack sizes and on-the-go consumption. Rapid urbanization and rising disposable incomes in developing nations are also fueling the demand for premium and healthier ice cream varieties packaged in innovative types of packaging.

Key players are also expanding their production facilities and operations globally especially in Asia Pacific and Latin America to tap the enormous market potential. Countries like China, India and Brazil offer lucrative growth opportunities owing to changing lifestyles, westernization and increasing expenditure on food and beverages.

Market Drivers
The growing demand for on-the-go consumption of ice cream is a major driver for the ice cream packaging market. Rising urbanization and busy lifestyles have increased the demand for convenient and portable packaging of ice creams that can be consumed anywhere and anytime. Cups, tubs, and other single-serve packaging have gained widespread popularity as they allows consumers to enjoy ice creams while traveling or commuting without any mess. The affordability and portion control offered by these packages also encourage impulse buying and consumption. Thus, the demand for on-the-go and indulgent ice cream experiences is propelling the ice cream packaging market growth.

Enrofloxacin Market is Estimated to Witness High Growth Owing to Increased Usage

Key Takeaways

Key players operating in the Enrofloxacin market are Sunny Optical Technology Group Co. Ltd., Foxconn Technology Co. Ltd., STMicroelectronics N.V., OmniVision Technologies Inc., Chicony Electronics Co. Ltd., Sharp Corporation, LG Innotek Company Ltd, Partron Co. Ltd., Lite-On Technology Corp., LuxVisions Innovation, and Samsung Electro-Mechanics Co. Ltd. These players are focusing on expanding their production facilities and product portfolios to cater to the growing demand.

The major opportunities in the Enrofloxacin Market Demand include rising livestock population globally and growing veterinary healthcare expenditure. Several technological advancements are being made in developing new drug delivery systems, integrating AI and nanotechnology for effective targeted drug delivery and increased bioavailability of Enrofloxacin formulations.

The key drivers of Enrofloxacin market are growing prevalence of zoonotic diseases, increasing consumption of animal-derived food products and focus on animal welfare. Spread of infectious diseases in livestock requires effective preventive treatment with antibiotics like Enrofloxacin. Rise in meat consumption globally is also augmenting the growth of this market.

Market drivers
The key driver of Enrofloxacin market is the growing prevalence of infectious bacterial diseases in livestock. Diseases like mastitis, respiratory infections, metritis are widely prevalent in cattle, pigs and poultry requiring treatment with broad-spectrum antibiotics like Enrofloxacin. Expanding livestock industry and rising demand for protein-rich animal feed are also propelling the consumption of Enrofloxacin formulations globally.

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