The Pet Food Packaging Market to Benefit from Developments in the Global Industry by 2028
The increasing demand for advanced materials for the packaging of pet food is an important factor influencing the growth of the market.
NEW YORK, NY, UNITED STATES, September 29, 2021 /EINPresswire.com/ – The global pet food packaging market is expected to reach USD 19.72 billion by the end of 2028, up from USD 10 billion in 2020, with a CAGR of 4.5% over the forecast period. This growth of pet food packaging market size is attributable to factors such as the growing inclination of people towards the adoption of pets coupled with the willingness to pay for adopting a better convenience for them. Moreover, increasing income level globally, simple and ready-to-use feed and packaging, and changing lifestyles are driving the growth of the global feed packaging market from company.
US Food and Drugs Administration (FDA) regulations are increasingly granting approvals for improved and safer products, as are concerns about human nutrition. In addition, animal lovers increasingly choose informative, attractive and protective products. Major players seek to meet consumer demands by offering smart packaging, which is fueling the growth of the global pet food packaging market. These factors should drive demand over the next few years and provide several growth opportunities for the foreseeable future.
The global pet food packaging market includes key players including Mondi Plc, Amcor Plc, Constantia Flexibles, Sonoco Products Company and Huhtamaki OYJ.
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For the purpose of this report, Reports and Data has segmented the global pet food packaging market on the basis of packaging type, packaging, process, end user, and region:
Based on Outlook Packing Form (Revenue, USD Billion; 2018-2028)
Boxes / Cartons
Based on material outlook (revenue, billion USD; 2018-2028)
Paper and cardboard
Based on animal outlook (revenue, billion USD; 2018-2028)
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Based on Food Type Outlook (Revenue, USD Billion; 2018-2028)
Outlook by region (revenue, billion USD; 2018-2028)
Main conclusions of the report:
By packaging type, the bags segment is expected to hold a substantial share of the pet food packaging market during the forecast period. This segmental growth is attributable to the increasing demand for bags for ease of handling coupled with a low cost of production.
By food type, the dry food segment is expected to hold a significant share of the pet food packaging market and hold up over the forecast period.
The plastic segment is expected to dominate the pet food packaging market in terms of revenue and is expected to maintain its dominance during the forecast period. Due to its advantages, the plastic segment is expected to grow at the fastest CAGR during the forecast period.
By animal type, the cat food segment in the pet food packaging market is expected to grow at a significant CAGR during the forecast period. This growth is attributable to the growing tendency of pet owners to adopt cats and to adopt expensive cat food.
Regionally, North America is expected to dominate the global pet food packaging market during the forecast period owing to strong demand from developed countries including United States and Mexico. Moreover, the growing trend of adopting companion animals coupled with changing lifestyles and increasing ability to spend more on pets is driving the growth of the global pet food packaging market. of company.
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Chapter 1. Market synopsis
1.1. Market definition
1.2. Scope and premise of the research
1.4. Market estimation technique
Chapter 2. Executive summary
2.1. Summary overview, 2019-2027
Chapter 3. Indicative measures
Chapter 4. Pet Food Packaging Market Segmentation and Impact Analysis
4.1. Pet Food Packaging Market Segmentation Analysis
4.2. Industrial outlook
4.2.1. Analysis of market indicators
4.2.2. Market Driver Analysis
The report focuses on the following key questions
Q.1. What are the most lucrative and promising growth prospects in the market?
Q.2. What sectors are expected to generate a high growth rate and what aspects of the industry are involved in this development?
Q.3. Which geographies are estimated to have the highest growth and the underlying causes?
Q.4. What factors impact the future of the market and what are the driving factors?
Q.5. What are the obstacles and challenges restraining the growth of the industry during the forecast period?
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Customization of the report is available according to user requirements to ensure maximum usefulness to the reader and an increased level of understanding.
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