Pet Food Packaging Market Size, Share, Growth Rate, Major Players & Forecast 2022-2027
IMARC Group has recently released a new research study “Pet Food Packaging Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends, and competitive landscape to understand the current and future market scenarios.
What are the growth prospects of the Pet Food Packaging?
The global Pet food packaging market size reached US$ 10.16 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 13.87 Billion by 2027, exhibiting a growth rate (CAGR) of 5.12% during 2022-2027.
What is a Pet Food Packaging?
Pet food packaging materials are utilized to store, protect, and deliver pet food to avoid contamination and preserve animal feed hygiene. Some commonly known packaging solutions include pouches, laminate, metal cans, aluminum, folding cartons, and bags made of plastic, metal, paperboard, and multi-wall bags.
It is used to enclose or wrap food items commercially available in wet, frozen, dry, and chilled variants. In addition, it is cost-effective, offers high durability and insulation, and prevents tampering, spillage, and loss of vital nutrients from food products. As a result, pet food packaging is widely utilized to offer convenient opening and safe transportation of pet feed products across the globe.
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what are the key factors driving in the pet food packaging market?
The market is primarily driven by the increasing pet ownership and rising preference of individuals toward the quality packaging of food products. In addition, the growing awareness regarding the health of pets has encouraged pet owners to buy multigrain, protein-based, gluten, and allergen-free product variants, which is contributing to the market growth.
Moreover, the integration of smart pet food packaging to monitor the condition and quality of packaged food during storage and transportation represents another major growth-inducing factor. Besides this, the widespread adoption of metal cans due to their benefits, such as impact resistance, structural strength, and extended shelf life, is providing a positive thrust to the market growth. Furthermore, the implementation of numerous government initiatives on pet food quality and protection and the growing consciousness regarding environmental pollution are escalating the demand for sustainable packaging solutions made of paper and paperboard, which in turn is propelling the market growth.
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Amcor plc, American Packaging Corporation, Berry Global Inc., Blue Buffalo Co. Ltd. (General Mills Inc.), Coveris, Huhtamäki Oyj, Mondi plc, ProAmpac, Silgan Holdings Inc., Smurfit Kappa Group plc, Sonoco Products Company, Transcontinental Inc. and Winpak Ltd
Report Segmentation
Breakup by Material:
- Paper and Paperboard
- Plastic
- Metal
Breakup by Food Type:
- Dry Food
- Wet Food
- Others
Breakup by Animal Type:
- Dog Food
- Cat Food
- Others
Breakup by Packaging Form:
- Pouches
- Metal Cans
- Folding Cartons
- Bags
- Others
Regional Insights:
- Asia Pacific
- North America
- Europe
- Middle East and Africa
- Latin America
On the geographical front, Asia Pacific enjoys the leading position in the market. This can be attributed to the rising establishment of international companies in the region, on account of low manufacturing costs and cheap labor.
Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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