Market Overview:
The global milk tank market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for milk and dairy products, rising disposable income, and growing awareness about the benefits of dairy products. The global milk tank market is segmented by type, application, and region. By type, the market is divided into horizontal closed tanks, silo/vertical closed tanks, and open tanks. By application, the market is segmented into milk farms and milk processing plants. Geographically, the market is analyzed across North America (U.S., Canada), Latin America (Mexico), Europe (Germany), Asia Pacific (China), Middle East & Africa (South Africa).
Product Definition:
A milk tank is a storage vessel used to store raw or pasteurized milk. The importance of a milk tank is that it helps to keep the milk at a consistent temperature, which helps to maintain the quality of the milk.
Horizontal Closed Tank:
Horizontal closed tank is a type of milk storage equipment used to store milk in bulk. It has advantages such as low maintenance cost, less space requirement and easy handling due to its lightweight design. Horizontal closed tanks are made up of plastic or metal and can be customized according to the quantity required for storage.
Silo/ Vertical Closed Tank:
Silo/ Vertical Closed Tank is used in Milk Tank Market for transportation of milk products. Silo has a capacity to store more quantity of milk and other dairy products than traditional drums or pails. It helps in reducing the number of trips required to carry product from storage location to processing location, which reduces labor cost and also speeds up the process by eliminating additional handling time.
Application Insights:
The milk farm application segment accounted for the largest revenue share of over 60% in 2017. The growth is attributed to the increasing number of dairy farms across the globe. Milk processing plant is anticipated to be the fastest-growing application, with a CAGR of XX% from 2018 to 2030 owing to an increase in dairy product demand across end-use industries including food and beverage, personal care and cosmetics, pharmaceuticals, etc.
The others segment includes cheese factories as well as juice plants that use bulk tank systems for storing fruits or vegetables pulp until it is processed into juice or concentrated products ready for bottling/ packaging respectively.
Regional Analysis:
Europe dominated the global milk tank market in 2017 owing to high dairy cattle population, which is a major driving factor for increased demand for milk tanks. The region accounted for 30.5% of the total revenue share in 2017 and is expected to witness significant growth over the forecast period due to increasing dairy production coupled with growing exports and domestic demand.
Asia Pacific regional market was valued at USD X million in 2017 and is anticipated to register a CAGR of XX% from 2018 to 2030 owing herding livestock such as bovine, swine, sheep & goats that require constant monitoring & maintenance along with ample space required by law reserves adequate food & water access facilities are provided free choice most appropriate hygiene conditions veterinary services etc.
Growth Factors:
- Increasing demand for milk from the burgeoning population
- Rising disposable income of people, especially in developing countries
- Proliferation of supermarkets and modern retail formats that are increasing the demand for packaged milk
- Growing awareness about the health benefits of consuming milk
- Technological advancements in the dairy industry that are helping to improve milk production
Scope Of The Report
Report Attributes
Report Details
Report Title
Milk Tank Market Research Report
By Type
Horizontal Closed Tank, Silo/ Vertical Closed Tank, Open Tank
By Application
Milk Farm, Milk Processing Plant
By Companies
DeLaval, Packo Cooling, Mueller, Serap, GEA, Roka, Wedholms, Bcast, Boumatic, Dairymaster, Fic, Milkplan, Kilkenny Cooling Systems, Fabdec
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
247
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Milk Tank Market Report Segments:
The global Milk Tank market is segmented on the basis of:
Types
Horizontal Closed Tank, Silo/ Vertical Closed Tank, Open Tank
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Milk Farm, Milk Processing Plant
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- DeLaval
- Packo Cooling
- Mueller
- Serap
- GEA
- Roka
- Wedholms
- Bcast
- Boumatic
- Dairymaster
- Fic
- Milkplan
- Kilkenny Cooling Systems
- Fabdec
Highlights of The Milk Tank Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Horizontal Closed Tank
- Silo/ Vertical Closed Tank
- Open Tank
- By Application:
- Milk Farm
- Milk Processing Plant
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Milk Tank Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Milk Tank is a web application that helps dairy farmers manage their milk production. It provides information on milk production, pricing, and market trends.
Some of the key players operating in the milk tank market are DeLaval, Packo Cooling, Mueller, Serap, GEA, Roka, Wedholms, Bcast, Boumatic, Dairymaster, Fic, Milkplan, Kilkenny Cooling Systems, Fabdec.
The milk tank market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Milk Tank Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Milk Tank Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Milk Tank Market - Supply Chain
4.5. Global Milk Tank Market Forecast
4.5.1. Milk Tank Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Milk Tank Market Size (000 Units) and Y-o-Y Growth
4.5.3. Milk Tank Market Absolute $ Opportunity
5. Global Milk Tank Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Milk Tank Market Size and Volume Forecast by Type
5.3.1. Horizontal Closed Tank
5.3.2. Silo/ Vertical Closed Tank
5.3.3. Open Tank
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Milk Tank Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Milk Tank Market Size and Volume Forecast by Application
6.3.1. Milk Farm
6.3.2. Milk Processing Plant
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Milk Tank Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Milk Tank Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Milk Tank Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Milk Tank Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Milk Tank Demand Share Forecast, 2019-2026
9. North America Milk Tank Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Milk Tank Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Milk Tank Market Size and Volume Forecast by Application
9.4.1. Milk Farm
9.4.2. Milk Processing Plant
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Milk Tank Market Size and Volume Forecast by Type
9.7.1. Horizontal Closed Tank
9.7.2. Silo/ Vertical Closed Tank
9.7.3. Open Tank
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Milk Tank Demand Share Forecast, 2019-2026
10. Latin America Milk Tank Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Milk Tank Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Milk Tank Market Size and Volume Forecast by Application
10.4.1. Milk Farm
10.4.2. Milk Processing Plant
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Milk Tank Market Size and Volume Forecast by Type
10.7.1. Horizontal Closed Tank
10.7.2. Silo/ Vertical Closed Tank
10.7.3. Open Tank
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Milk Tank Demand Share Forecast, 2019-2026
11. Europe Milk Tank Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Milk Tank Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Milk Tank Market Size and Volume Forecast by Application
11.4.1. Milk Farm
11.4.2. Milk Processing Plant
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Milk Tank Market Size and Volume Forecast by Type
11.7.1. Horizontal Closed Tank
11.7.2. Silo/ Vertical Closed Tank
11.7.3. Open Tank
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Milk Tank Demand Share, 2019-2026
12. Asia Pacific Milk Tank Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Milk Tank Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Milk Tank Market Size and Volume Forecast by Application
12.4.1. Milk Farm
12.4.2. Milk Processing Plant
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Milk Tank Market Size and Volume Forecast by Type
12.7.1. Horizontal Closed Tank
12.7.2. Silo/ Vertical Closed Tank
12.7.3. Open Tank
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Milk Tank Demand Share, 2019-2026
13. Middle East & Africa Milk Tank Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Milk Tank Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Milk Tank Market Size and Volume Forecast by Application
13.4.1. Milk Farm
13.4.2. Milk Processing Plant
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Milk Tank Market Size and Volume Forecast by Type
13.7.1. Horizontal Closed Tank
13.7.2. Silo/ Vertical Closed Tank
13.7.3. Open Tank
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Milk Tank Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Milk Tank Market: Market Share Analysis
14.2. Milk Tank Distributors and Customers
14.3. Milk Tank Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. DeLaval
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Packo Cooling
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Mueller
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Serap
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. GEA
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Roka
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Wedholms
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Bcast
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Boumatic
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Dairymaster
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Fic
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Milkplan
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Kilkenny Cooling Systems
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Fabdec
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
