The Global Pet Food Packaging Market to Progress at CAGR of 7.31% by 2028

 

Triton Market Research presents the Global Pet Food Packaging Market segmented by Material (Paper and Cardboard, Metal, Plastic), Food Type (Frozen Food, Dry Food, Wet Food), Animal Type (Birds, Dogs, Fish, Cats, Others), Packaging Type (Flexible, Rigid), and by Geography (Middle East and Africa, North America, Latin America, Asia-Pacific, Europe). The report further discusses the Market Summary, Industry Outlook, Key Insights, Impact of COVID-19, Porter’s Five Forces Analysis, Market Attractiveness Matrix, Industry Components, Vendor Scorecard, Key Market Strategies, Drivers, Challenges, Opportunities, Competitive Landscape, Methodology & Scope, Global Market Size, Forecasts & Analysis (2022-2028).

Triton’s report estimates that the global pet food packaging market is set to register a growth rate of 7.31% over the forecasted period 2022-2028.

 


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Pet food packaging is an integral part of brand-building strategies. This is because packaging design, structure, form, and color, among other factors, influence buying behavior of pet parents significantly.

In recent years, the rise in pet care has enhanced the sales of pet food products via ecommerce platforms. This has compelled companies to change their pet food packaging to accommodate this trend. In this regard, easy to open and reclose, font readability, and sustainability are some of the positive changes incorporated by companies. Hence, the rise in ecommerce sales of pet food products opens new avenues for the pet food packaging market. However, fluctuations in raw material costs and strict food safety regulations negatively impact the market’s growth.

The Asia-Pacific is expected to emerge as the fastest-growing region in the pet food packaging market over the forecast period. This growth can be attributed to a rise in disposable income, an increase in nuclear families, and rapid urbanization trends. China’s pet food industry is witnessing significant growth, witnessing several investments and collaborations. For example, Nestle invested significantly to multiply its pet food manufacturing. Hence, these factors supplement the pet food packaging market’s growth in the region.

Constantia Flexibles, Ardagh Group SA, Huhtamaki OYJ, Aptar Group Inc, Transcontinental Inc, Berry Global Group Inc, Goglio SPA, Sonoco Products Company, Proampac Holdings Inc, American Packaging Corporation, Coveris Holdings SA, Amcor Plc, Winpak Ltd, Printpack Inc, Crown Holdings, Silgan Holdings Inc, and Mondi Plc are well-known firms in the pet food packaging market.

There is a high capital requirement to set up manufacturing units in the market. However, the market is observing a shift from traditional to sustainable packaging, leading to the emergence of various startups. Besides, the switching cost for food manufacturers is low, making the threat of new entrants low. Further, strategic partnerships are intensifying competition among existing players. For instance, Mars announced the incorporation of recycled polypropylene in the primary packaging of its popular pet food brands. The company has taken this step by partnering with Huhtamaki and SABIC.

 

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