Pet Food Packaging Market Share, Size, Global Driving Factors by Manufacturers, Growth Opportunities, Regions, Type and Application, Revenue Market Forecast to 2027
The pet food packaging market is projected to reach value of USD 13.27 Billion by 2027, according to a current analysis by Emergen Research. This growth of the market for pet food packaging can be attributed to high rate of pet adoption and growing trend of pet humanization. Various animal shelters and individual pet lovers are joining forces to educate people in order to increase awareness about pet adoption through social media or by organizing multiple camps. People have started to accept their pets as a member of their family. This perception has created significant increase in the demand for packed food products for animals.
Concerns about a pet’s nutritional intake are constantly rising among pet owners, which is boosting the demand for advanced materials required in the pet food packaging industry. Manufacturers are developing advanced technologies to offer a state-of-the-art solution for packaging, which would protect the pet food from getting spoiled or damaged.
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The marketing of a particular pet food is directly connected to visual graphics, nutritional ingredients, the method of feeding, and guidelines mentioned on the packet. Buyers are more likely to choose those products which have a package offering informative analysis of various nutrients in the packaged food.
The global Pet Food Packaging market is broadly segmented on the basis of different product types, application range, end-use industries, key regions, and an intensely competitive landscape. This section of the report is solely targeted at readers looking to select the most appropriate and lucrative segments of the Pet Food Packaging sector in a strategic manner. The segmental analysis also helps companies interested in this sector make optimal business decisions and achieve their desired goals.
Emergen Research has segmented the global pet food packaging market based on type of material, packaging type, animal type, and region as follows:
Types of Material Outlook (Revenue: USD Billion; Volume: Million Metric Tons; 2017–-2027)
Paper & Paperboard
Plastics
Metals
Packaging Type Outlook (Revenue: USD Billion; Volume: Million Metric Tons; 2017–-2027)
Cans
Pouches
Bags
Cartons
Animal Type Outlook (Revenue: USD Billion; Volume: Million Metric Tons; 2017–-2027)
Dog
Cat
Fish
Bird
Regional Analysis:
This section of the report offers valuable insights into the geographical segmentation of the Pet Food Packaging market, alongside estimating the current and future market valuations based on the demand-supply dynamics and pricing structure of the leading regional segments. Furthermore, the growth prospects of each segment and sub-segment have been meticulously described in the report.
The report classifies the global Pet Food Packaging market into various regions, including:
North America (U.S., Canada)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Middle East & Africa (Saudi Arabia, the U.A.E., South Africa, Rest of MEA)
Competitive Terrain:
The Global Pet Food Packaging Market is highly consolidated due to the presence of a large number of companies across this industry. The report discusses the current market standing of these companies, their past performances, demand and supply graph, production and consumption patterns, sales network, distribution channels, and growth opportunities in the market at length. The report scrutinizes the strategic approach of key market players towards expanding their product offerings and fortifying their market foothold. The leading market contenders listed in the report are as follows:
Amcor Plc, Mondi Plc, Smurfit Kappa, Sonoco Products Company, Constantia Flexibles, Goglio S.p.A, Huhtamaki OYJ, Berry Global Group Inc., Ardagh Group S.A, Transcontinental Inc., and AptarGroup, Inc.
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Key Findings from the Report Suggest:
In January 2020, Amcor plc. acquired Bemis Company, Inc. (U.S.), a manufacturer of packaging products. This acquisition would allow Amcor plc. to expand its customer base and enhance its presence in the global market. The investment is expected to help the acquirer to further strengthen its packaging capabilities for products such as pet care products, beverages, medicines, food, personal care products, and other consumer products.
In November 2019, Huhtamaki launched its state-of-the-art flexible packaging unit in Egypt. Through this investment, Huhtamaki entered the manufacturing industry for flexible packaging in Africa.
The pet food packagingmarket in North America was valued at USD 3.14 Billion in 2019 and it is estimated to expand at a rate of 4.5% during the forecast period. The people in this region are more influenced by the on-the-go lifestyle and prefer ready-to-eat food, which is driving the pet food packaging market in the region.
Key questions addressed in the report:
Who are the leading players dominating the global Pet Food Packaging Market?
Which factors could potentially hamper the global market growth during the forecast period?
Which regional market offers the most attractive growth opportunities to the companies operating in this market?
How is the raw material availability affecting the demand for Pet Food Packaging in this industry vertical?
To view the detailed ToC of the global Pet Food Packaging market report, visit @ https://www.emergenresearch.com/industry-report/pet-food-packaging-market
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