The global pet food packaging market may reach US$8.1902 billion by 2020, with a compound annual growth rate (CAGR) of 5.08 percent from 2015 to 2020, according to Markets and Markets analysts. They forecast that the Asia-Pacific region may grow at the highest CAGR of 5.63 percent from 2015 to 2020.
Those pet food market analysts predicted that the dry pet food packaging segment would grow at the highest CAGR of 5.38 percent from 2015 to 2020. This fits historical trends, since the dry pet food packaging segment has dominated the market for years. For example, dry pet food packaging accounted for 71.1 percent of the total market in 2014.
Characterization of global pet food packaging market
The global market is marked with intense competition due to the presence of a large number of both, big and small firms, wrote Markets and Markets analysts. New product launches, mergers and acquisitions, and partnerships and expansions are the key strategies adopted by market players to ensure their growth in the market. The key players in the market are Sonono Products Company (U.S.), Amcor Limited (Australia), Constantia Flexibles (Austria), Ampac (U.S.), Bosch Packaging Technology (Germany), Huhtamäki OYJ (Finland), Bemis Co., Inc. (Italy), Goglio SpA (America), and Mondi Group (South Africa).
The pet food packaging market has been growing in accordance with the pet food industry. With increasing awareness about quality pet food and its packaging and concerns about the health of pets, people are opting for quality and safe packaging with high barrier resistance capabilities to protect food from spoilage.
About pet food packaging market report
Markets and Markets’ report estimates the market size of the global pet food packaging market in terms of value. In this report, the market is broadly segmented based on packaging material type, packaging type, food type, animal food and region. Market drivers, restraints, challenges, raw material, and packaging types are discussed. Market share, by participant, for the overall market is discussed. The global market has grown rapidly in the last few years and this trend is expected to continue. Increasing disposable incomes of people in developing countries, regulations to incorporate quality packaging for pet food products, and changing lifestyles of people drive the growth of this market.
This research study categorizes the global market based on packaging material type, packaging type, food type, animal food, and region:
Based on Packaging Material Type:
- Paper and paperboard
- Flexible plastic
- Rigid plastic
- Metal
- Others
Based on Packaging Type:
- Bags
- Cans
- Pouches
- Boxes/Carton
- Others
Based on Animal Type:
- Dog food
- Cat food
- Fish food
- Bird food
- Others
Based on Food Type:
- Dry food
- Wet food
- Chilled and frozen food
- Pet treats
Based on region:
- North America
- Europe
- Asia-Pacific
- Rest of the World (RoW)
