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According to our analysts, the global market for pet care packaging will experience moderate growth during the forecast period and will post a CAGR of more than 3% by 2020. Factors such as the advent of new pet food products will result in the growth of this market during the next four years. Our analysts observed that, over the past few years, there was a phenomenal growth in the sales of organic pet foods, which, in turn, led to a rise in the demand for packaging. The focus of pet owners on pet health has led to advances in natural and organic pet foods, as a result of which, many companies have started featuring nutritional tables and food pyramids on the packaging material. Consequently, packaging has become an important tool to communicate the message of quality, taste, and functionality of a product and also for products to stand out on the store shelf.
In terms of geography, our analysts estimate North America to be the largest market for pet care packaging during the forecast period. In this region, the revenue in the pet care industry in 2016 is expected to increase at a rate more than 4% over 2015. Much of this increase can be attributed to the fact that the number of pets (dogs and cats) in the US (178 million) averages out to one pet for every other person in the country’s population of 354 million. As a result, more than 120 pet care companies are currently operating in the US, making this region a leader in the global pet food market.
The global pet care market is extremely fragmented due to the presence of numerous multinational, regional, and local vendors. In this market, the local players have raised the bar of competition by offering innovative solutions at prices lower than those offered by international players, leading to price wars. The market also offers ample opportunities to grow as the demand for high-quality packaged food products is high.
Top vendors in this market are -
Other prominent vendors in this market are American Packaging, Ampac, AptarGroup, Ardagh Group, Ball, Berlin Packaging, Berry Plastics, Gateway Packaging, Graphic Packaging, Greif, InterFlex Group, KapStone Paper and Packaging, MeadWestVaco, Reynolds Group Holding, and Silgan Holdings.
During 2015, the pet food packaging segment dominated this market. Factors such as changes in lifestyles, a rise in disposable income, lack of time to prepare food for pets, and an increase in health benefit claims are resulting in the shift from homemade food to packaged pet food. This recent change in the end user's preference will lead to the growth of this market during the forecast period.
The flexible packaging segment accounted for the largest market share in 2015 and is anticipated to witness a robust growth by 2020. Due to the recent shift from carton packaging to flexible plastic packaging, including bags and pouches, this segment is expected to continue its dominance over the pet care packaging market during the forecast period.
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Pet care packaging products include pouches, bags, plastic bottles, folding cartons, metal cans, and other packaging products. These are designed to store pet food, medical supplies, and grooming products of domestic animals. Flexible packaging such as pouches and sachets are facilitating consumers as they are more effective and sustainable. Vendors in the market are focusing on novel packaging techniques with the rising sales of pet food products and pet medical supplies. The rise in e-commerce platforms for pet products has propelled the requirement for innovative packaging solutions to attract more buyers. Also, consumers are demanding single-serve, compact, and re-closable packaging for easy carrying and disposal, propelling vendors to come up with innovative packaging solutions for the pet care products. Amcor, Bemis, and Graphic Packaging have been identified as some of the leading vendors for this market space.
The report, global petcare packaging market, is part of Technavio’s transportation and logistics research portfolio. This portfolio provides a comprehensive market analysis along with the market share, market sizing, and market segmentations covering areas such as logistics, packaging, transportation and distribution, and warehouse and storage. These market research reports provide a perspective on the various market opportunities and market threats along with the key trends that would influence the market growth during the forecast period. It presents insights into the changing competitive landscape and a detailed profiling and market analysis of the vendors. Also covered in the research are the key regions or countries that would have an impact on the market during the assessment years.
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by end-users
PART 07: Market segmentation by frequency band
PART 08: Geographical segmentation
PART 09: Market drivers
PART 10: Impact of drivers
PART 11: Market challenges
PART 12: Impact of drivers and challenges
PART 13: Market trends
PART 14: Vendor landscape
PART 15: Appendix
PART 16: Explore Technavio
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
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