Global Pet Food Packaging Market 2018-2022
- Published: Aug 2018
- Pages: 103
- SKU: IRTNTR22971
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The pet food packaging market size will grow by USD 2.49 billion during 2018-2022. This report offers an analysis of the market based on packaging type (flexible packaging and rigid packaging) and geography (Americas, APAC, and EMEA). The pet food packaging market research report further analyzes the market’s competitive landscape and offers information on several companies including Amcor, Ardagh, Bemis, Huhtamaki, and Mondi.
Below are some of the key findings from the pet food packaging market research report
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Global Pet Food Packaging Industry Overview
The growth of e-commerce in pet food packaging is one of the major factors driving the pet food packaging market. Market experts within the pet food industry have identified, online retail sales of pet food products have increased considerably in recent years. This is largely driven by the millennial demographic becoming the largest segment of pet owners. For instance, e-commerce accounted for about 11% of pet food sales in the US during 2017. The increasing proliferation of online sales of pet foods is also creating ample opportunities for the pet food packaging manufacturers to offer reliable packaging solutions to the customers. Consequently, the increasing proliferation of online pet food stores will accelerate pet food packaging market growth in the coming years.
The shift towards using recyclable packaging is one of the critical pet food packaging market trends. Leading pet food manufacturers are aiming to move towards completely recyclable and reusable packaging for their products. Furthermore, government regulations are also necessitating proper recycling of packaging waste, which may impact the growth of the pet food packaging market. The high cost of recyclable packaging is also expected to even out through economies of scale, as the adoption of recyclable packaging grows. The pet food packaging market report predicts that fueled by these factors, the market will increase at a CAGR of over 7% during the forecast period.
Top pet food packaging companies covered in this market research report
The pet food packaging market is highly fragmented and in the growth phase. By offering a complete analysis of the market’s competitive landscape and with information on the products offered by the companies, this pet food packaging industry analysis report will aid clients to identify and design new growth strategies.
The report offers a complete analysis of various companies including:
Pet food packaging market segmentation based on geographic regions
As per the global pet food packaging market analysis, the Americas will lead the pet food packaging market share until 2022. However, the APAC region will register the highest pet food packaging market growth throughout the forecast period.
Pet food packaging market segmentation based on packaging types
- Flexible packaging
- Rigid packaging
The flexible packaging segment will lead the pet food packaging market share during the forecast period. Flexible packaging will also account for the highest pet food packaging market growth. Additionally, the report also provides an accurate prediction of the contribution of the various packaging types to the growth of the pet food packaging market size.
Key highlights of the global pet food packaging market for the forecast years 2018-2022:
- CAGR of the market during the forecast period 2018-2022
- Detailed information on factors that will accelerate the growth of the pet food packaging market during the next five years
- Precise estimation of the global pet food packaging market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the pet food packaging industry across the Americas, APAC, and EMEA
- A thorough analysis of the market’s competitive landscape and detailed information on several vendors
- Comprehensive details on the factors that will challenge the growth of pet food packaging companies
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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.
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
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