Milk Bulk Tank Market Trends & Opportunities with Forecast 2018 – 2026
Milk bulk tank is a large storage tank made of stainless steel for collecting milk at cold temperature. It is an important part of dairy farm and milk processing equipment, and is also known as bulk tank or milk cooler. As milk is highly perishable, it has low shelf life of about 2-3 days, and requires primary preservative technique such as pre-cooling and pasteurization to ensure a longer shelf life. This is generally provided by storing it in a bulk tank. A milk bulk tank is used to preserve milk for a long time and prevent microbial contamination. The tank also avoids the risk of deterioration of the milk by preventing contact with extraneous foreign particles such as sand, stone, metal, fruit pits, stalks, and straw. Milk bulk tanks also help processors to inspect the quality of milk through various testing processes. Growing requirement for milk across the globe for human consumption and dairy processing is expected to boost the demand for milk bulk tanks in the next few years.
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Major drivers of the global milk bulk tank market include increase in the human population that requires milk for consumption, rise in the milk processing sector, high investment in dairy farming, promotion of usage of milk bulk tanks by regulatory bodies, and continuous supply of milk in bulk quantity across the globe. Additionally, rapid growth in co-operative dairy business in rural areas across the globe is expected to propel the market during the forecast period. However, high initial investment and regular cost required for the maintenance of the tanks are hampering the growth of the global milk bulk tank market. Nevertheless, development of new and innovative products, regulatory bodies mandating the use of storage tanks for milk preservation, and penetration of milk bulk tanks through e-commerce business are expected to create significant opportunities for the market.
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The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
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