The Pet food packaging is used for wrapping & enclosing food items, produced specially for pets (animals). The packaging of such product is available in flexible, rigid and semi-rigid options. Quality of life & health of pets mainly depends on their diet. Majority of pet lovers and pet owners concerned about proper nutrition of pets for such purpose animals/pet packaging is necessary to assure good quality of food. The market is anticipated to increase over the forecast year owing to increasing adoption of pets over the forecast years.
According to study, “Global Pet Food Packaging Market to reach USD 12.53 billion by 2026” the key companies operating in the global pet food packaging market are Amcor PLC, Sonoco products company, Mondi PLC, Huhtamaki OYJ, Constantia Flexibles, Smurfit Kappa, Berry global group, Inc., Aptargroup, Inc., Ardagh group S.A. and Goglio S.P.A.
Based on type of packaging, pet food packaging market is segmented as flexible packaging and rigid packaging. Flexible packaging is further sub-segmented as bag packaging, pouch packaging and others. Pouch segment holds major share in global market owing to rise in demand by various pet food brands. Rigid packaging is further sub-segmented as boxes packaging, cartons packaging, bottles packaging and other packaging. Pouches segment is projected to grow at the highest CAGR during the forecast period, in terms of value as well as volume. Based on material, market is segmented as paper & paperboard, plastic, metal and others materials (glass and woven materials). Plastic packaging material segment is expected to witness higher growth rate as it is durable, cost-effective, lightweight, and versatile nature during the forecast period. Based on animal type, market is segmented as cat food, dog food, fish food, bird food and others (rabbit, reptiles, guinea pigs and tortoise). In addition, based on food type, market is segmented as wet food, pet treats, dry food and others (frozen, chilled and freeze dried).
The pet food packaging market is driven by rise in pet food expenditure, followed by growth in pet ownership, humanization of pet food and convenience, simplicity and product differentiation with transparency in pet food packaging. However, shortage of raw material & fluctuation in their prices and stringent pet food quality & safety regulations may impact the market. Moreover, countries with emerging economies and e-commerce & online delivery channels are key opportunities for market. Furthermore, collaboration & tie-up of leading players and value oriented consumers are major trend for market.
Based on geography, the North-American region is a leading region in global pet food packaging market owing to rise in ownership of pets in the region. Whereas, the Asian-Pacific and European regions are estimated to witness higher growth rate due to growth in expenditure in pet food along with humanization of pet food during the forecast period. The global pet food packaging market is valued approximately at US $9.79 billion in 2019 and is projected to grow with a healthy growth rate of more than 4.20% over the forecast period 2019 to 2026.
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