ThePet Food Packaging Marketwill touch USD 89.10 million at a 5.67% CAGR between 2017- 2023, states the recent Market Research Future (MRFR) analysis. Pet food packaging, simply put, are packages used for packing pet food. It is made of different materials such as paper and paperboard, plastic, and others and used to pack different types of food such as chilled and frozen food, dry food, pet treats, wet food, and others. They come in different forms, such as pouches, box and cartons, bags, metal cans, and others.
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Various factors are propelling the global pet food packaging market share. According to the recent MRFR report, such factors include the increase in pet ownership, constant innovations by top players, an increase in disposable income, flavor innovations, easy availability on online stores, and advancements in pet care. Besides, growing affection for pets, demand for recyclable packaging solutions, rapid urbanization, consumers increasing disposable income, increasing inclination towards premium pet treats and pet food, and different regulations and policies laid down by the government are also adding market growth.
On the contrary, strict policies and regulations by the government regarding the use of plastic and the on-going COVID-19 impact may limit the global pet food packaging market growth over the forecast period.
The global pet food packaging market can be divided on the basis of product, food, packaging material, animals, and region.
On the basis of product, the global pet food packaging market can be classified into metal cans, bags, box cartons, pouches, and others.
On the basis of food, the global pet food packaging market can be classified into wet food, pet treats, dry food, chilled frozen food, and others.
On the basis of packaging material, the global pet food packaging market can be classified into plastic, consisting of paper paperboard, and others.
On the basis of animals, the global pet food packaging market can be classified into fish food, cat food, dog food, and others.
On the basis of region, the global pet food packaging market can be classified into Europe, North America, the Asian Pacific, and the Rest of the World (RoW).
Based on the region, the global pet food packaging market report covers the growth opportunities and recent trends across the Asia Pacific (APAC), North America, Europe, the Middle East and Africa (MEA). Of these, North America will have the lions share in the market over the forecast period. Growing demand for pet ownership, the presence of pet food packaging manufacturers, demand for cups and tubs, increasing sales of dog food packaging products, and rising consumption of pet food packaging in the wet cat food sector is adding to the global pet food packaging market growth in the region. The United States holds the utmost share in the market, followed by Canada.
The global pet food packaging market in Europe is predicted to hold the second-largest share over the forecast period. The huge production of pet food and its packaging products, as well as huge imports of these products, are adding to the global pet food packaging market growth in the region. Germany holds the utmost share in the market.
The pet food packaging market in the APAC region is predicted to grow at a fast pace over the forecast period. The presence of nuclear families and the concept of humanization are adding to the global pet food packaging market growth in the region. China, India, and Japan have the utmost share in the market.
The pet food packaging market in the MEA is predicted to have sound growth over the forecast period.
The most important players in the global pet food packaging market are Blue Buffalo Co., Ltd., Bemis Company, Inc., Sonoco Products Company, Amcor Limited, Mondi Group, Ampac Packaging, Llc, Huhtamki Oyj, Winpak Ltd, Sealed Air Corporation, Berry Global Group Inc., Ardagh Group SA, Berry Global Group Inc., Diamond Pet Foods, Nestl Purina PetCare, and Hill's Pet Nutrition, Inc.,..
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April 2020: Nestle, a Swiss multinational and world's largest food and Beverage Company, has acquired a UK based pet food brand, called Lily's Kitchen from its private equity owner for an undisclosed cost. Lily's Kitchen has its expertise in 'natural' luxurious wet and dry foods for dogs and cats.
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