Pet Food Packaging Market Overview
The Pet Food Packaging Market has been calculated with USD 9.70 billion in 2019 and it is also estimated to reach 1dsUSD 13.27 billion by the year 2027. And it is also valued to get the CAGR value of 3.9% during the forecasting period.
The main reason which drives the Pet Food Packaging Market is the increase in the trend which is created by the pet owners as they are very much concerned about the pet food ingredients and the pet food packaging. In recent days pet owners are very much conscious about the health of their pets so they are very much conscious in picking the pet food for their pets.
The recent spread of the pandemic in 2020, has caused many negative impacts on the Pet Food Packaging Market Size. As the spread of the pandemic has brought many changes in the Pet Food Packaging Market, they are the fluctuation in the price of raw materials, stopped the supply chain, shortage of the labours and the raw materials, barriers in the investments, delivery issues and also the fluctuation in the prices of the products which has brought the negative impact in the trust of the people.
It is expected that the growth of the Pet Food Packaging Market Share will be increased once all the restrictions are cancelled. So it is calculated that the growth after the post-Covid will be great in the Pet Food Packaging Market Growth.
The important driver which focuses on the growth of the Pet Food Packaging Market Value is the adoption of pets in recent days. As the people are moving with the adoption of the pets to safeguard the stray and the native breed, this drives as the main factor which boosts up the Pet Food Packaging Market. later on, the knowledge in getting healthy food for their pets by the owners is also one of the drivers which boost up the market growth. The people are very conscious of giving their pets the proper food with good nutrients is the reason behind the growth of the Pet Food Packaging Market.
The important opportunity which is bringing the growth of the Pet Food Packaging Market is the innovative ideas of the manufacturers in using the proper ingredients to maintain the balanced food for the pet. In recent days, there are also creative ideas which are made by the manufacturing companies by adding new flavours to enhance the taste of the food.
Secondly, the increase in the purchase of pet foods in online and E-Commerce sites also paves the way for the growth of the Pet Food Packaging Market.
The main reason which hinders the growth of the Pet Food Packaging Market is the packaging issues. As the food is being packed in plastic bags, plastic bags are not allowed in many countries, and also these plastic bags can also harm the environment. Due to this many people are getting some awareness about not using plastic bags, so they are avoiding getting the food in the plastic bags. Though plastic bags can be recycled the cost of recycling the plastic bag is more than the manufacturing value of the plastic.
The second hindrance is the safe packaging. While during the transport it has the high chance to get the package damaged. So to overcome this damage in the packaging the manufacturers are thinking about the safe delivery of the packages.
Furtherly the fluctuation in the products cost and the cost of the raw materials also hiders the growth of the Pet Food Packaging Market.
The challenge which is faced in the growth of the Pet Food Packaging Market is to maintain the products which must be fresh, long-lasting, clean and also must be free from contamination. To maintain the proper hygiene of the food the manufacturers are in urge to improve their packaging materials so that it can save the food from not getting spoiled.
Cumulative growth analysis
The overall growth of Pet Food Packaging Market Analysis is being great because of the increase in the affection and adoption of pets in recent days. Also because of the easy availability of the food products even in the E-Commerce sectors, and even in the retail stores. But the manufacturers are getting worried about the growth because there is a strong hindrance as the usage of plastics are affecting the growth of the Pet Food Packaging Market.
Value chain analysis
Pet food packaging has increased in recent days due to the demand in need for pet food. This has been raised because of the consciousness in getting the food products by the pet owner which can fulfil the nutrient value of the pet. So they are very much selective in preferring the food for their pet. So the manufacturers are in need to improve the quality of the food so that they can gain customer's satisfaction and trust. But the spread of the pandemic has caused an increase in the need so that the pet owners are purchasing the products with the big packages.
Market segment overview
Among all these materials plastic is ruling the market. because it is easy to handle and also can provide a convenient space while transporting.
Among the animal segment, dog food is dominating. This is because of the interest among the people in the adoption of stray dogs and native breeds.
North America – US, Canada
Latin America – Mexico, Brazil, Peru, Chile and Others
Western Europe – Germany, UK, France, Spain, Italy, Nordic countries, Belgium, Netherlands, Luxembourg
Eastern Europe – Poland, Russia
Asia Pacific – India, Japan, China, ASEAN, Australia, New Zealand
The Middle East and Africa – GCC, Southern Africa, North Africa
In recent days people are interested in getting the proper nutritious food for their pets. So the need for food has increased the demand, due to this the key players are working hard to complete the demand. they are also using different tricks to attract customers to develop their market value. some of the innovative ideas which are done by the key players are using low-fat raw materials, natural and hypoallergenic treats to maintain the health of the pets. They are also adding flavours and chewable treats for dogs and cats. These techniques can add growth to the Pet Food Packaging Market.
The overall Pet Food Packaging Market Outlook in growth is great in many regions like North America, Asia Pacific, Europe and the Middle East and Africa.
North America is the dominating region in the Pet Food Packaging Market with a 43% share in the year 2020. This growth is because of the countries like the US, Canada. Because the people in the US are mainly focusing on maintaining the health of their pets.
The Asia Pacific region is following North America with the CAGR value of 7.7% in the Pet Food Packaging Market Forecast period. Many countries like Japan, India and China are also contributing their support for the growth of the Asia Pacific region.
These are some of the key players who are capturing the main position in the Pet Food Packaging Market.
|CAGR||5.67% CAGR (2022-2030)|
|Forecast Period||2022 to 2030|
|Historical Data||2019 & 2020|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Packaging Material Type, Product, Food Type, Animal Type|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Sonoco Products Company, Bemis Company, Inc., Amcor Limited, Mondi Group, Winpak Ltd, Ampac Packaging, Llc, Huhtamäki Oyj, Sealed Air Corporation, Ardagh Group SA, Berry Global Group Inc., Berry Global Group Inc., Nestlé Purina PetCare, Diamond Pet Foods, Hill's Pet Nutrition, Inc. and Blue Buffalo Co., Ltd.|
|Key Market Opportunities||New product launches and R&D Amongst major key Players|
|Key Market Drivers||
Frequently Asked Questions (FAQ) :
pet food packaging market is estimated to reach 1dsUSD 13.27 billion by the year 2027
Global pet food packaging market is expected to exhibit a strong 5.67% CAGR over the forecast period from 2022 to 2030
The growing demand for packaged pet food is the major driver for the pet food packaging market.
North America is set to dominate the global pet food packaging market over the forecast period.
Leading players in the global pet food packaging market include Bemis Company, Sonoco Products Company, and Amcor Limited, among others.