The global pet food packaging market revenue is expected to expand at a significant compounded annual growth rate (CAGR) over the forecast period. Rise in demand for convenient and pouch packaging, growth of e-commerce in pet industry, and increasing number of pet food packaging variants across the globe are among some of the primary factors expected to drive the market growth over the forecast period.
The global market report has been segmented on the basis of packaging material type, product type, food type, and region.
On the basis of packaging material type, the target market is segmented into paper & paperboard, plastic and others. Plastic packaging segment leads the market due to high barrier, cost-efficient, temperature resistance, and durable packaging properties.
On the basis of product, it is segregated into bags, metal cans, boxes & cartons, and others. Bags segment is the most popular choice for packaging due to its lightweight, low cost, and design availability nature.
Among the food type, the target market is segmented into pet snacks, small pet food, pet treats, and cat litter. Pet snacks segment accounts for largest market share due to pet owners and pet lovers are concerned about proper nutrition their pets deserve.
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Based on region, the target market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in North America is projected to account for highest share in terms of revenue over the forecast period, owing to the continuous trend of pet humanization and willingness of consumers for premium pet food brands. Widespread demand for pet ownership and manufacturer’s presence are some of the aspects acting as a major contributor to growth of the market. The introduction of new, natural, organic, and nutritious pet food products, coupled with marketing and promotional activities provide significant opportunities for the growth of the market. Furthermore, in the pet food packaging market in Asia Pacific, growing middle classes and the urbanization of populations are leading the way for pet owners to become more focused on their pets.
Key players operating in the global pet food packaging market includes Sonoco Products Company, Bemis Company, Inc., Amcor Limited, Mondi Group, Winpak Ltd, Ampac Packaging, Llc., Huhtamäki Oyj, Sealed Air Corporation, Ardagh Group SA, ProAmpac LLC, and others.