Pet Food Packaging Market Rising Demand, Industrial Trends and Growth Factors From 2019-2028
Pet food packaging includes the packaging of the pet food products to maintain the quality of the pet food products and protect it from other environmental factors like water, dust and moisture. Various types of materials are used for the packaging such as plastic, paper and metals. Pet food packaging is an essential part of modern society; commercially processed food could not be handled and distributed safely and efficiently without packaging. Moreover, the current consumer demand for convenient and high-quality food products has increased the impact of food packaging. When it comes to wet pet food, the most important factors are freshness and hygiene.
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PET FOOD PACKAGING MARKET OUTLOOK
The global pet food packaging market is
estimated and forecasted in terms of revenue (USD million) and volume (KT) generated
by the market. The pet food packaging market is primarily driven by increase in
pet population and rising competition in the market. Moreover, constant
innovation by the key players in the pet food products coupled with rising
disposable income of the pet owners are factors which are anticipated to fuel
the market during the projected period. The major factors hindering the growth
of the market is the stringent government regulation with respect to pet food
quality and safety.
PET FOOD PACKAGING MARKET SEGMENTAL
OVERVIEW
The report analysis the pet
food packaging market based on material type, packaging type, food type and
geography.
PET FOOD PACKAGING MARKET BY MATERIAL TYPE
On the basis of material type, the global
pet food packaging market is segmented into flexible plastic, metal, paper and
paperboard, rigid plastic and other. The flexible plastic segment leads the
global pet food packaging market owing to easy availability, increasing demand
and less costly as compared to other materials. Moreover, the type of material
used in the packaging depend on the type of the products.
PET FOOD PACKAGING MARKET BY PACKAGING TYPE
Furthermore, based on packaging type, the
pet food packaging market is categories into bags, boxes/cartons, cans, pouches
and others. Plastic pouches to be fastest growing types during the forecast
period. Moreover, pouch demand will be bolstered owing to its features
including convenient for consumers, including zippered closure mechanisms and
light weight and low cost.
PET FOOD PACKAGING MARKET BY FOOD TYPE
Based on food type the pet food packaging
market is bifurcated into dry foods, wet food, chilled & frozen food and
pet treats. The wet food segment accounted for the highest market share in
2017. Wet pet food is not easy to handle hence more care is taken by the
manufacturers for the packaging of wet pet food to maintain its quality which
further boost the growth of wet pet food segment in the pet food packaging
market.
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PET FOOD PACKAGING MARKET BY ANIMAL FOOD
Likewise, the global pet food packaging
market on basis of animal food is bifurcated into dog food, cat food, bird
food, Fish food and others. The dog food segment dominated the pet food
packaging market in 2017 and accounted for highest consumption of pet food
packaging owing to increasing number of dog adoption in developed countries and
rising demand for dog food. Moreover, the cat food segment is anticipated to
grow at a faster pace during the forecast period.
PET FOOD PACKAGING MARKET BY GEOGRAPHY
By geography, the global pet food packaging
market is studied across the countries of key regions such as, North America,
Europe, Asia Pacific and rest of the world. Rest of the world includes Latin
America and Middle East and Africa. North America accounted for considerable
market share in the global pet food packaging market. The regions have a
greater opportunity for the pet food packaging market owing to increasing
number of pet food manufacturers in the region and rising demand for pet food
globally.
PET FOOD PACKAGING MARKET KEY PLAYERS
Some of the key participants of global pet
food packaging market include Amcor Limited, Sonoco Products Company,
CONSTANTIA, HUHTAMAKI GROUP, Mondi, ProAmpac, Bemis Company, Inc, Robert Bosch
Packaging Technology GmbH, Goglio S.p.A, Winpak Ltd, DS Smith, Ball
Corporation, Crown, Smurfit Kappa Group, Ardagh Group and Georgia-Pacific. New
product development, mergers and acquisitions are the key strategies used by
the market players to reinforce the position in the market. Moreover, the
global pet food packaging market has an intense competition due to the presence
of a large number of big and small firms.
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