Pet Food Packaging Market Research Provides an In-Depth Analysis on the Future Growth Prospects till 2027
Research Reports
Dec 13, 2022
The Pet Food Packaging Market has been calculated at USD 9.70 billion in 2019 and it is also estimated to reach USD 13.27 billion by the year 2027. And it is also valued to get the CAGR value of 3.9% during the forecasting period. Over the past few years, the market for pet food packaging has experienced rapid expansion. It is anticipated that the market would continue to grow at the same rate over the study period. According to a recent study, pet owners are more worried about product packaging and ingredients. In order to feed their pets a healthy diet, the owners are spending more money on pet food. Additionally, the pet food market in 2020 is experiencing intense competition, which is having an impact on the packaging market in the same industry.
The market for pet food packaging is directly impacted by the ongoing rise in pet ownership on a global scale. The leading players are well-represented in both domestic and foreign markets. The players face off against one another in terms of product differentiation, pricing, distribution, portfolio, quality, reputation, and promotion. In order to dominate their rivals in the market, the players have embraced key trends like innovation, brand reinforcement, merger, and acquisition.
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Regional Analysis :
European, North American, Asian Pacific, and Rest of World Regional Studies (Row). According to the data, North America dominates the world market for pet food packaging. The presence of pet food packaging manufacturers and the high demand for pet ownership are two of the main factors propelling the market in the area. As disposable income has increased, people’s lifestyles have improved and their awareness of animals and pet adoption has grown. Additionally, the need for lightweight packaging and convenience features for pet food is likely to benefit demand for cups and tubs. The European market is in second place, followed by the APAC area, which is predicted to grow quickly and surpass the previous record by 2027.
Market Segmentation :
The product, food, packaging type, animal, and geographic segments can all be used to segment the worldwide pet food packaging market.
The market for pet food packaging can be divided into several categories depending on the product, including metal cans, bags, boxes & cartons, pouches, and others. Wet food, pet treats, dry food, chilled & frozen food, and others make up the many food categories that make up the worldwide pet food packaging market.
The global pet food packaging market may be divided into three categories based on the material used for packaging: plastic, paper & paperboard, and others. Fish food, cat food, dog food, and other types of pet food can be found in the global market for pet food packaging.
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Key Players :
Blue Buffalo Co., Ltd., Bemis Company, Inc., Sonoco Products Company, Amcor Limited, Mondi Group, Ampac Packaging, Llc, Huhtamäki Oyj, Winpak Ltd, Sealed Air Corporation, Berry Global Group Inc., Ardagh Group SA, Berry Global Group Inc., Diamond Pet Foods, Nestlé Purina PetCare, and Hill’s Pet Nutrition, Inc. are the most significant companies in the market for pet food packaging globally.
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