Rise of pet owners and adoption of pets have brought forward the pet food sector to the fore. Innovations in pet foods in terms of flavor, quality, and taste have led to increased marketing efforts by companies invested in the sector. The global pet food packaging market report by Market Research Future (MRFR) contains pet foods listed according to food, animal, and packaging material, and packaging type as well as its prospects from 2017 to 2023 (forecast period).
Sustainable Pet Food Packaging Market Outlook
The global pet food packaging market is anticipated to touch USD 89.10 million by 2023. It is predicted to exhibit 5.67% CAGR over the forecast period to reach this point. Adoption of pets, increasing expendable income levels of pet owners, and use of eco-friendly materials are main drivers facilitating market growth. Increasing pet humanization, preference of airtight packages for longer shelf life of foods, and concerns regarding food quality are other drivers which are considered by manufacturers before designing packages.
Stringent regulations pertaining to pet food packaging materials can pose a challenge to the market.
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Competitive Outlook
Nestlé Purina PetCare
Diamond Pet Foods
Amcor Limited
Ardagh Group SA
Ampac Packaging, Llc
Bemis Company, Inc.
Sonoco Products Company
Berry Global Group Inc.
Hill’s Pet Nutrition, Inc.
Sealed Air Corporation
Huhtamäki Oyj
Blue Buffalo Co., Ltd.
Mondi Group, and Winpak Ltd
are some of the prominent manufacturers of pet food in the market.
Industry News
In 2019, Amcor Limited launched AmLite Ultra Recyclable, one of the first packaging products made from high-barrier polyolefin. The metal-free barrier can considerably reduce the carbon footprint and be recycled at polyolefin collection centers.
Pet Food Packaging Market Segmentation Analysis
The global sustainable pet food packaging market is segmented on the basis of food type, animal type, packaging material type, and product.
By food type, the market is segmented into pet snacks, pet treats, cat litter, small pet food, and others. Pet snacks can account for a major market share due to novel product launches pertaining to specific breeds of pets. On the other hand, pet treats can capture a significant market share due to benefits of these foods which improve fur shine, dental and oral health, and overall health.
By animal type, the market is segmented into dog, cat, fish, and others. The dog segment can exhibit high growth in terms of volume and revenue due to availability of treats in various forms. Various flavors and focus of companies to offer foods with functional ingredients can drive the segment growth. Rise of small dogs and new breeds can kickstart innovation and offer new growth opportunities to the pet food packaging market.
By packaging material type, the market is segmented into plastic, paper & paperboard, and others. The plastic segment is expected to dominate to the low production cost of polyethylene terephthalate (PET), high-density polyethylene (HDPE), polyvinyl chloride (PVC), and others. It can grow at a rapid pace over the forecast period due to the material being temperature-resistant, cost-efficient, and durable.
By product, the market is segmented into bags, metal cans, boxes & cartons, and others.
Regional Analysis
Geography-wise, the global pet food packaging market comprises North America, Europe, Asia Pacific (APAC), and the Middle East & Africa.
North America is projected to be the dominant region of the market due to presence of pet food manufacturers and high number of pet owners. Immense demand for tubs and cups with convenience and lightweight size can drive the regional demand.
The APAC region is likely to contribute to the global pet food packaging market due to pet food manufacturers developing foods and packages which are allergy-proof. Moreover, India can be one of he biggest revenue generators due to categorization of products according to price and weight.
Table Of Content
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Definition
2.2.2 Research Objective
2.2.3 Assumptions
2.2.4 Limitations
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Landscape
3.1 Porter’s Five Forces Analysis
3.1.1 Threat Of New Entrants
3.1.2 Bargaining Power Of Buyers
3.1.3 Bargaining Power Of Suppliers
3.1.4 Threat Of Substitutes
3.1.5 Segment Rivalry
3.2 Value Chain/Supply Chain Analysis
4 Market Dynamics
4.1 Introduction
4.2 Market Drivers
4.3 Market Restraints
4.4 Market Opportunities
4.5 Market Trends
Continues….
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List Of Tables
Table 1 Global Pet Food Packaging Material Market: By Region, 2017-2023
Table 2 AMERICAS Sustainable Pet Food Packaging Material Market: By Country, 2017-2023
Table 3 Europe Pet Food Packaging Material Market: By Country, 2017-2023
Table 4 Asia-Pacific Pet Food Packaging recycling Market: By Country, 2017-2023
Table 5 Middle East & Africa Pet Food Packaging Material Market: By Country, 2017-2023
Table 6 Global Compostable Pet Food Packaging Material Market, By Packaging, By Regions, 2017-2023
Continues….
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