The Global Pet Food Packaging Market Research Report Forecast 2019-2024: is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand and supply data (as applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehensive data which enhances the understanding, scope and application of this report.
The pet food packaging market was valued at USD 9.29 billion in 2018 and is expected to reach a value of USD 12.90 billion by 2024 at a CAGR of 6.79% over the forecast period (2019 – 2024).
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Companies Mentioned are: Amcor Limited, American Packaging Corporation, Ampac Packaging, Ball Corporation, Bemis Company, Coveris Holdings, Crown Holdings, MeadWestvaco Corporation, Mondi Group, Sonoco Products, Silgan Holdings, Berry Plastics
Scope of the Report
Pet food customers not only are looking for packaging that will keep their products fresh and long lasting but clean and free contamination. Rising concerns over their nutritional intake are leading to a rising in the manufacturing of a variety of pet food and boosting demand for advanced material for pet food packaging. The worlds largest pet food markets are in the United States, France, Japan, and Germany, accounting for over half of the sales in pet food.
Key Market Trends
Plastic Packaging Holds the Largest Share
– Plastic is one of the most widely used materials for packaging across various end-use industries. Plastic in the form of PVC, HDPE, PET, and others are used extensively in pet food packaging market. The material offers high barrier, cost-efficient, temperature resistance, and durable packaging options.
– Further, plastics pouch demand will be bolstered by features that are inherently convenient for consumers, including zippered closure mechanisms and lightweight, as well as by reduced transportation costs due to their lightweight. Pouch growth will be strong in both dry and wet pet food.
– Additionally, the plastics tubs and cups will continue to supplant other packaging containers in wet food, growing in popularity due to peelable lids that are easier to open. In addition, the ability to package tubs and cups in multipacks for ease of handling will bolster growth.
– Moreover, in the United States, pet food expenditure is increasing because of the widespread demand for pet ownership. Advances in technology are making boarding, grooming, and training facilities more easily accessible to the owners. The United States is a pioneer in this market with increasing expenditures thereby driving the plastics pet food packaging market in the country.
United States to Hold the Largest Market Share
– Increasing pet humanization and pet ownership, the emergence of private label store brands, and growing urbanization are some of the major driving forces propelling the growth of the North American pet food market.
– Further, the increase in the number of non-traditional households with no children, coupled with high levels of disposable income is boosting the per-capita pet expenditure for this market.
– Consequently, pet owners are willing to pay for more value-added products and resulting in a decline of economy pet food with people moving towards branded product offerings.
– According to the 2017-2018, National Pet Owners Survey, conducted by the American Pet Products Association (APPA), 68% of the US households (about 85 million families) own a pet.
– Moreover, with the increasing penetration of e-commerce coupled with internet retailing is creating a market for pet stores to create Omni channels to grow. Thus all the reason is expected to be instrumental in driving the pet food packaging market in North America.
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Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), and market share and growth rate of Pet Food Packaging Market these regions, from 2019 to 2024 (forecast), covering
North America, Europe, China, Japan, Southeast Asia, India, North America (USA, Canada and Mexico) Europe (Germany, France, UK, Russia and Italy) Asia-Pacific (China, Japan, Korea, India and Southeast Asia) South America (Brazil, Argentina, Columbia etc.), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa).
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– The market estimate (ME) sheet in Excel format
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Influence of the Pet Food Packaging market report:`
-Comprehensive assessment of all opportunities and risk in the market.
– Pet Food Packaging market recent innovations and major events.
-Detailed study of business strategies for growth of the market-leading players.
-Conclusive study about the growth plot of Pet Food Packaging market for forthcoming years.
-In-depth understanding of market-particular drivers, constraints and major micro markets.
-Favourable impression inside vital technological and market latest trends striking the market.
Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or countries or 40 analyst hours.
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