Category : Consumer Goods and Food and Beverages | Published at : December-2019 | Delivery Format : PDF | Status: Published | Pages : 190
The global pet food packaging Market is expected to grow at a CAGR of around 6.3% from 2019 to 2026 and expected to reach the market value of around US$ 13.7 Bn by 2026.
Pet foods are packed in various forms which include bags, cans, pouches, boxes/cartons, and others. Pet food packaging mainly used for enclosing or wrapping foods formed mainly for pets (animals). Pet food packaging is mainly used to store the food items and can be stored without refrigeration for a longer time and also maintains chemical properties. The pet food can be differentiated into various types including dry food, wet food, pet treats, and chilled & frozen foods.
Market Dynamics
The growth of the pet food packaging market is primarily driven by the rising increase demand for convenience and quality food products, increase in urban population which increases adoption of pets, increase in the consumption of processed food and packaged food for animals across the globe, growing disposable income of pet owners and multi-functionality of pet food packaging. Furthermore, increase in demand of pets, innovation and development in pet food packaging, rising concerns about health of pets, and rising spending capacity of pet food owners on pet food products is estimated to boost the market growth. Moreover, changing lifestyles of consumers across developed countries, growing pharmaceutical and food industry, pet humanization, and emergence of new product development in pet food products are expected to create opportunities for the manufacturers in the global market over the forecast period. However, stringent government regulations towards pet food quality and safety & quality concerns of products are expected to hamper the growth of the global pet food packaging market in the coming years.
By packaging type, bags segment dominated the pet food packaging market
Based on packaging type, the market has been segmented into bags, cans, boxes/cartons, and others. The bags segment accounts of the largest share in the market and are expected to grow at a CAGR of around 5.8% during the forecast period.
Bags enhance the shelf life and quality of products which grows the demand for pet food packaging in packaging type. The major factors that are driving the growth of this segment are increasing consumption of pet food packaging products and aesthetic appeal of product with efficient marketing styles.
The manufacturers Amcor Limited, Sonoco Products Company, Constantia Flexibles, and Mondi Group are the mainly investing in the development of bags as a pet food packaging, which expected the lead the market in the coming years.
Based on material type, the paper & paperboard segment is expected to dominate during the forecast period
Based on material type, the market has been segmented into paper & paperboard, flexible plastic, rigid plastic, metal, and others. The paper & paperboard segment accounts of the largest share in the market and held for more than 32% of the total market in 2018. The major factors that are driving the growth of this segment are the rising demand recyclable packaging solutions and increase in concerns regarding environment safety. This expected to enhance the dominance of the paper & paperboard segment in the global market over the forecast period.
The market research study on “Pet Food Packaging Market– Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 – 2026”, offers a detailed insight into the global pet food packaging market entailing insights on its different market segments. Market dynamics with drivers, restraints, and opportunities with their impact are provided in the report. The report provides insights into the global pet food packaging market, its material type, packaging type, animal type, food type, and major geographic regions. The report covers basic development policies and layouts of technology development processes. Secondly, the report covers global pet food packaging market size and volume, and segment markets by material type, packaging type, animal type, food type, and geography along with the information on companies operating in the market. The pet food packaging market analysis is provided for major regional markets including North America, Europe, Asia Pacific, Latin America and Middle East and Africa. For each region, the market size and volume for different segments have been covered under the scope of the report.
In 2018, North America dominated the regional market with a maximum market share
North America accounted for the high market share of the pet food packaging market and the region is also expected to maintain its dominance over the forecast period. The rapid consumption of pet food packaging in terms of size, enhanced productivity, and better product value are the major driving factor for the region in the global market. Moreover, the increasing demand for nutritional & healthy products and increasing awareness about maintaining pet's health among the owners are expected to enhance the market growth in the global pet food packaging market in future. Europe is expected to account for second largest in the global market during the forecast period. Increase in adoption of pets, growing disposable income of pet owners, and increase in innovation and development in pet food products are expected to enhance the regional market growth in the global pet food packaging market during the forecast.
Asia Pacific is expected to hold the highest CAGR in the global market during the forecast period. The manufacturers are investing in developing countries to meet the demand for pet food packaging. Moreover, changing lifestyle of consumers, increase in pet humanization trend, and growing GDP, and strong economic growth in countries, such as China, Korea, Thailand, Japan, and India, are expected to enhance the market growth in the global pet food packaging market during the forecast.
The players profiled in the report include Huhtamäki Oyj, Ampac Packaging, LLC, Mondi Group, Amcor Limited, Sonoco Products Company, Constantia Flexibles, Bemis Company, Inc., Bosch Packaging Technology, Goglio SPA, and Winpak Ltd. The companies are involved in mergers and acquisitions and new product development for expanding their market share and also for gaining competitive advantages over its competitors.
Market Segmentation
Market By Material Type
- Paper & Paperboard
- Flexible Plastic
- Rigid Plastic
- Metal
- Others
Market By Packaging Type
- Bags
- Cans
- Pouches
- Boxes/Cartons
- Others
Market By Food Type
- Dry Food
- Wet Food
- Pet Treats
- Chilled & Frozen Foods
Market By Animal Type
- Dogs
- Cats
- Fish
- Birds
- Other Pets
Market By Geography
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
Frequently Asked Questions
Pet food packaging mainly used for enclosing or wrapping foods formed mainly for pets (animals)
The pet food can be differentiated into various types including dry food, wet food, pet treats, and chilled & frozen foods.
According to Acumen Research and Consulting, the pet food packaging market value is anticipated to be worth around US$ 13.7 billion in 2026.
The pet food packaging market is anticipated to grow over 6.3% CAGR during the forecast period 2019 to 2026.
Factors such as the rising increase demand for convenience and quality food products, increase in urban population which increases adoption of pets, increase in the consumption of processed food and packaged food for animals across the globe restrain the pet food packaging market growth.
North America held maximum share in 2018 for pet food packaging market.
The paper & paperboard segment accounts of the largest share in the market and held for more than 32% of the total market in 2018.
