Chicago, Nov. 21, 2023 (GLOBE NEWSWIRE) — The Pet Food Packaging Market is projected to develop from USD 11.1 billion in 2023 to USD 14.9 billion by 2028, at a CAGR of 5.9% throughout the forecast interval, as per the recent examine by MarketsandMarkets™. The rising demand for comfort and high-quality pet meals merchandise, pushed by pet homeowners looking for handy packaging codecs and premium pet choices, fuels market development. The surge in city inhabitants and altering life have led to elevated pet possession, additional boosting the demand for pet meals and packaging. The variety in packaging supplies, together with plastics, paper, steel, and others, permits for personalization and innovation in pet meals packaging, catering to numerous shopper preferences and environmental issues. The evolving wants of pet homeowners, pet meals business development, and sustainability concerns affect the pet meals packaging market.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=150550375
Browse in-depth TOC on “Pet Food Packaging Market”
389 – Market Data Tables
54 – Figures
281 – Pages
List of Key Players in Pet Food Packaging Market:
-
Amcor plc (Switzerland)
-
Mondi plc (UK)
-
Sonoco Products Company (US)
-
Berry Global Inc. (US)
-
Huhtamaki Oyj (Finland)
-
Constantia Flexibles (Austria)
-
Crown Holdings, Inc. (US)
-
Smurfit Kappa Group plc (Ireland)
-
Ardagh Group S.A. (Luxembourg)
-
Transcontinental Inc. (Canada)
-
Silgan Holdings Inc. (US)
-
Winpak Ltd. (Canada)
-
Sealed Air Corporation (US)
-
Others
Drivers, Restraints, Opportunities and Challenges in Pet Food Packaging Market:
-
Drivers: Rising pet possession to drive the demand for pet meals packaging
-
Restraints: Stringent pet meals high quality and security laws
-
Opportunity: E-commerce targeted options.
-
Challenge: Balancing sustainability with efficiency and sturdiness
Key Findings of the Study:
-
In phrases of worth and quantity, baggage is estimated to guide the pet meals packaging market in 2022.
-
In phrases of worth and quantity, dry meals is estimated to guide the pet meals packaging business in 2022.
-
In phrases of worth and quantity, pet food is estimated to guide the pet meals packaging business in 2022.
-
North America is projected to account for the most important share within the pet meals packaging business throughout the forecast interval.
Get Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=150550375
Based on the fabric kind, the paper & paper board phase is projected to register the best CAGR throughout the forecast interval. Paper and paperboard have garnered consideration as main materials sorts in pet meals packaging for his or her eco-friendly and biodegradable properties that align with the rising shopper demand for sustainable and eco-friendly packaging options. Pet homeowners, more and more acutely aware of their ecological footprint, favor packaging supplies which are recyclable and pose minimal hurt to the setting. Paper and paperboard meet these standards, making them a lovely alternative for pet meals producers interesting to environmentally acutely aware customers.
Based on product kind, steel cans are projected to register the best CAGR throughout the forecast interval. Metal cans provide distinctive safety towards oxygen, mild, and moisture, guaranteeing long-term freshness and high quality of pet meals merchandise. They are recyclable, aligning with the rising shopper demand for sustainable, eco-friendly packaging choices. Metal cans are tamper-evident and have a premium aesthetic attraction, making them appropriate for premium and specialty pet meals merchandise. As pet homeowners more and more prioritize the well being and well-being of their pets, the preservation and sustainability of steel cans contribute to their vital development within the pet meals packaging market.
Based on meals kind the dry meals phase dominated the pet meals packaging market throughout the forecast interval. Dry pet meals presents environment friendly storage, longer shelf life, and cost-effectiveness in comparison with moist or frozen pet meals. Its light-weight nature makes it well-suited for numerous packaging sorts, together with baggage and containers, contributing to its dominance available in the market. Furthermore, dry pet meals aligns with pet homeowners looking for merchandise that promote dental well being and ease of feeding, additional solidifying its position because the main meals kind in pet meals packaging.
Get 10% Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=150550375
Based on animal kind, the canine kind accounted for the most important market share in 2023. The sheer inhabitants of dogs as pets worldwide drives the demand for pet food, leading to a considerable market measurement. The pattern towards premium and specialised pet food merchandise, together with grain-free, natural, and breed-specific choices, has fueled development inside this class, necessitating a variety of packaging options to cater to numerous shopper preferences. The shift towards on-line searching for pet provides has led to an elevated demand for smaller, handy packaging codecs, akin to pouches and single-serve containers, to fulfill the wants of e-commerce distribution. These components make pet food the most important animal meals phase within the pet meals packaging market.
Based on area, Asia Pacific is predicted to guide the pet meals packaging market in 2023, with India the quickest market within the area throughout the forecast interval recording a CAGR of 6.18% from 2023 to 2028 by way of worth. The area’s rising urbanization and burgeoning center class have elevated pet possession, driving the demand for pet meals merchandise and their packaging. Furthermore, the e-commerce growth within the Asia Pacific has created a surge in on-line pet meals gross sales, requiring specialised packaging for environment friendly distribution. These components, coupled with the area’s increasing pet meals business, position Asia Pacific because the fastest-growing marketplace for pet meals packaging.
Browse Adjacent Markets Packaging Market Research Reports
Related Reports:
CONTACT: About MarketsandMarkets™ MarketsandMarkets™ has been acknowledged as one in all America’s greatest administration consulting companies by Forbes, as per their recent report. MarketsandMarkets™ is a blue ocean various in development consulting and program administration, leveraging a man-machine providing to drive supernormal development for progressive organizations within the B2B area. We have the widest lens on rising applied sciences, making us proficient in co-creating supernormal development for purchasers. Earlier this yr, we made a proper transformation into one in all America's greatest administration consulting companies as per a survey performed by Forbes. The B2B financial system is witnessing the emergence of $25 trillion of latest income streams which are substituting present income streams on this decade alone. We work with purchasers on development packages, serving to them monetize this $25 trillion alternative by our service strains - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing. Built on the 'GIVE Growth' precept, we work with a number of Forbes Global 2000 B2B corporations - serving to them keep related in a disruptive ecosystem. Our insights and techniques are molded by our business specialists, cutting-edge AI-powered Market Intelligence Cloud, and years of analysis. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our analysis, facilitates an evaluation of interconnections by a set of purposes, serving to purchasers take a look at the whole ecosystem and perceive the income shifts occurring of their business. To discover out extra, go to www.MarketsandMarkets™.com or comply with us on Twitter, LinkedIn and Facebook. Contact: Mr. Aashish Mehra MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA: +1-888-600-6441 Email: gross [email protected]
