The Global Pet Food Packaging Market Evaluated to Reap $18.58 Billion by 2028
A recent study by Triton Market Research titled ‘Global Pet Food Packaging Market’ consists of the Global Analysis and Forecasts by Food Type (Wet Food, Frozen Food, Dry Food), Material (Plastic, Metal, Paper and Cardboard), Packaging Type (Rigid, Flexible), Animal Type (Fish, Birds, Cats, Dogs, Others), and by Geography (Asia-Pacific, Europe, North America, Latin America, Middle East and Africa).
Pet food packaging helps companies to build their brand. The packaging design, color, and structure are taken into consideration that influence the buying behavior of pet parents to a large extent.
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Based on Triton’s estimates, the global pet food packaging market is set to showcase growth at a CAGR of 7.31% over the forecasted period 2022-2028.
Over the years, pet adoption has increased the demand for pet care products to a large extent. In this regard, pet food packaging has a high connection with the sale and branding of pet foods. Companies tend to stand out from their competitors, gaining brand recognition. Hence, the growth in pet ownership drives the pet food packaging market’s growth.
However, instabilities in raw material prices and stringent food safety regulations are impeding the pet food packaging market’s progress.
The pet food packaging market is segmented into food type, material, packaging type, and animal type. Based on food type, it is sectioned into wet food, frozen food, and dry food. The material segment is trifurcated into plastic, metal, and paper and cardboard. In terms of packaging type, rigid and flexible. The animal type is divided into fish, birds, cats, dogs, and others.
Globally, North America holds the largest share in the pet food packaging market. The United States is one of the major pet food exporters. Additionally, several prominent companies like the American Packaging Corporation, Aptar Group, and Crown Holdings have established their operations in the region. Besides this, the humanization trend has increased spending on pets, resulting in high demand for premium products. Hence, these factors widen the scope and growth of the pet food packaging market in North America.
Crown Holdings, Proampac Holdings Inc, Sonoco Products Company, Amcor Plc, Berry Global Group Inc, Huhtamaki OYJ, Winpak Ltd, Constantia Flexibles, Aptar Group Inc, Ardagh Group SA, Transcontinental Inc, Silgan Holdings Inc, Goglio SPA, Mondi Plc, Printpack Inc, American Packaging Corporation, and Coveris Holdings SA are popular firms in pet food packaging market.
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Question & Answer: Pet Food Packaging Market
Question 1: What significant factors drive the pet food packaging market’s growth?
Answer: Over the years, pet adoption has increased the demand for pet care products to a large extent. In this regard, pet food packaging has a high connection with the sale and branding of pet foods. Companies tend to stand out from their competitors, gaining brand recognition. Hence, the growth in pet ownership drives the pet food packaging market’s growth.
Question 2: What factors are impeding the pet food packaging market’s progress?
Answer: Instabilities in raw material prices and stringent food safety regulations are impeding the pet food packaging market’s progress.
Question 3: Which region holds the largest share in the pet food packaging market?
Answer: Globally, North America holds the largest share in the pet food packaging market. The United States is one of the major pet food exporters. Additionally, several prominent companies like the American Packaging Corporation, Aptar Group, and Crown Holdings have established their operations in the region. Besides this, the humanization trend has increased spending on pets, resulting in high demand for premium products. Hence, these factors widen the scope and growth of the pet food packaging market in North America.
Question 4: Which are the popular firms in the pet food packaging market?
Answer: Crown Holdings, Proampac Holdings Inc, Sonoco Products Company, Amcor Plc, Berry Global Group Inc, Huhtamaki OYJ, Winpak Ltd, Constantia Flexibles, Aptar Group Inc, Ardagh Group SA, Transcontinental Inc, Silgan Holdings Inc, Goglio SPA, Mondi Plc, Printpack Inc, American Packaging Corporation, and Coveris Holdings SA are popular firms in pet food packaging market.
Related Report:
Global Aseptic Packaging Market
The global aseptic packaging market is likely to advance at a CAGR of 9.24% during the projected period of 2021-2028 while reaping revenue worth $73.71 billion by 2027.
Aseptic packaging is a method wherein a package and contents are sterilized separately. The enhanced recycling rates, reduced logistics cost, and demand for processed foods drive the demand for aseptic packaging.
Further, the rising population, surging disposable income, and changing consumer dietary behavior are anticipated to amplify the demand for packaged food, in turn driving the growth of the aseptic packaging market.
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