Pet Food Packaging Market
Pet Food Packaging Market (Packaging Material - Paper and Paperboard, Plastics, Metal; Application - Dry Food, Wet Food, Pet Treats, Frozen Food; End Use - Cat Food, Dog Food) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2022
Press Release :
Global Pet Food Packaging Market: Snapshot
The global pet food packaging market is a major market in developed countries, where the pet care industry has grown steadily following growing demand for pet ownership and rising incorporation of advanced pet care protocol. The pet food packaging market has thus become important due to the effect it can have on the quality of pet food. Pet food packaging needs to be convenient for the owner to carry and also has to maintain the quality of the product to ensure safety of the pet. The pet food packaging industry is thus likely to grow at a robust pace in the coming years, driven by the rising demand for advancements in the pet care sector.
The report presents a comprehensive overview of the global pet food packaging market based on detailed analysis of the historical growth trajectory of the market, which provides a solid base for growth projections over the 2017-2022 forecast period. According to Transparency Market Research, the global pet food packaging market is likely to rise to US$10.7 bn by 2022 from a 2017 value of US$8.3 bn, exhibiting a strong 5.2% CAGR therein.
Plastics to Remain Dominant Material in Pet Food Packaging Market
The global pet food packaging market is segmented by material into plastics, paper and paperboard, metal, and others. Of these, plastic is likely to remain the leading material utilized in the global pet food packaging market in the coming years due to its widespread use and convenience to a range of user demographics. The plastics segment represented 40.8% of the global pet food packaging market in 2017 and was valued at US$3,391.8 mn. The segment is likely to exhibit a strong 6.3% CAGR over the 2017-2022 forecast period to emerge with a market share of 43% by 2022.
North America to Dominate Regional Standings of Pet Food Packaging Market
Geographically, North America is set to dominate the global pet food packaging market in the coming years. The dominance of North America in the global pet food packaging market can be attributed primarily to the widespread demand for pet ownership. The North America pet food packaging market is likely to be valued at US$2,688.9 mn by the end of 2017 and further rise to US$3,472.5 mn by 2022. The pet food packaging market in the region is likely to exhibit a steady 5.2% CAGR over the 2017-2022 forecast period.
Europe is also a dominant contributor to the global pet food packaging market and is set to remain a key market for pet food packaging market players in the coming years. The Europe pet food packaging market is set to rise to a valuation of US$2,877.5 mn by 2022, exhibiting a 4.9% CAGR over the 2017-2022 forecast period.
APEJ, Japan to Make Key Contributions, APEJ to Exhibit 6.2% CAGR
Asia Pacific except Japan is expected to emerge as a promising market for pet food packaging manufacturers over the 2017-2022 forecast period, with the region set to exhibit a robust 6.2% CAGR therein. The Japan market for pet food packaging is also likely to be a key contributor to the global market, with the region set to exhibit a 3.2% CAGR over the 2017-2022 forecast period to reach a valuation of US$403.7 mn.
Leading players in the global pet food packaging market include Amcor Ltd., Sealed Air Corp., Berry Global Group Inc., DS Smith Plc, Ball Corporation, Packaging Corp. of America, Crown Holdings Inc., Smurfit Kappa Group Plc, Ardagh Group SA, Mondi Ltd., Bemis Co. Inc., and Georgia-Pacific LLC.
Global Pet Food Packaging Market: Overview
The growth of the pet food packaging market largely hinges on to the rate of adoption of pets. Th growing inclination of the masses towards petting companion animals has played a key role in market growth. Moreover, safety concerns related to petting of dogs has helped in popularising well-packaged food products. Therefore, the total volume of revenues within the global pet food packaging market is set to increase by a dramatic chase in the years to follow. A large population of people in Europe and North America believes that petting an animal has been psychologically and mentally uplifting for them. Besides, growing trend of independent living, especially amongst adolescents, has led to increased pet adoption.
A report by Transparency Market Research (TMR) on the global pet food packaging market uncovers a multitude of trends pertaining to market growth and maturity. The presence of a performance-oriented packaging industry has helped in driving sales across the market. Moreover, investments in packaging technologies have trickled down to the global pet food packaging market. Humanization of pets is an ardent trend that has captured the essence of pet-related markets. Besides, animal feed products are widely sold through retail outlets and local selling points. Therefore, availability of robust sales channel can be considered as a key contributor to market growth.
Global Pet Food Packaging Market: Key Trends
Packaging of pet food requires distinct logos, trademarks, and holograms. The need to provide proper information about pet food has helped in driving sales across the pet food packaging market. Besides, manufacturers of pet foods have emphasized on the need for improved standards for packaging in order to ensure safe delivery of products.
Pedigree is an important seller of pet food, and the company has made a mark across the global pet food industry. The effective marketing hacks of the company have helped popularising a multitude of its products. Dog food has grossed in formidable demand amongst all other types of pet foods over the past decade. Premium research initiatives have helped manufacturers in developing liquified pet foods. This trend has necessitated the use of cutting-edge food technologies for packaging.
Availability of pet food across e-commerce channels has emerged as an important dynamic of market growth. Emergence of new packaging technologies has garnered the attention of the manufacturers. Besides, use of attractive designs and covers for packaging pet foods has given a thrust to market growth. Resealable packaging has attracted the attention of the manufacturers as well as buyers. Resealable packets offer greater utility to pet owners who can store the food for longer periods of time without wasting any bits. American Pet Products Association (APPA) gives important estimates about the population of people who owns pets in the US. These figures have majorly helped market vendors in strategizing their business and marketing areas.
Global Pet Food Packaging Market: Regional Analysis
On the basis of geography, the global pet food packaging market can be segmented into North America, Europe, South America, the Middle East and Africa, and Asia Pacific. The growing inclination of the masses towards pet adoption in the US has played a key role in driving sales across North America. Moreover, several European countries have developed pet friendly standards across multiple sectors and industries. Asia Pacific is also witnessing steady growth as pet adoption gain momentum in India and China. The growth of these regional markets shall culminate towards improving the growth prospects of the global market.
Companies Mentioned in the Report
Some of the key players in the global pet food packaging market are Air Corp., DS Smith Plc, Berry Global Group Inc., and Ball Corporation.
This report gives access to decisive data, such as:
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for the coming years
Key highlights of this report include:
- Overview of key market forces propelling and restraining market growth
- Up-to-date analyses of market trends and technological improvements
- Pin-point analyses of market competition dynamics to offer you a competitive edge
- An analysis of strategies of major competitors
- An array of graphics and SWOT analysis of major industry segments
- Detailed analyses of industry trends
- A well-defined technological growth map with an impact-analysis
- Offers a clear understanding of the competitive landscape and key product segments