The pet food packaging market will touch USD 89.10 million at a 5.67% CAGR between 2017- 2023, states the recent Market Research Future (MRFR) analysis. Pet food packaging, simply put, are packages used for packing pet food.
It is made of different materials such as paper and paperboard, plastic, and others and used to pack different types of food such as chilled and frozen food, dry food, pet treats, wet food, and others. They come in different forms, such as pouches, box and cartons, bags, metal cans, and others.
Various factors are propelling the global pet food packaging market share. According to the recent MRFR report, such factors include the increase in pet ownership, constant innovations by top players, an increase in disposable income, flavor innovations, easy availability on online stores, and advancements in pet care. Besides, growing affection for pets, demand for recyclable packaging solutions, rapid urbanization, consumers’ increasing disposable income, increasing inclination towards premium pet treats and pet food, and different regulations and policies laid down by the government are also adding market growth.
On the contrary, strict policies and regulations by the government regarding the use of plastic and the on-going COVID-19 impact may limit the global pet food packaging market growth over the forecast period.
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The MRFR report highlights an inclusive segmental analysis of the global pet food packaging market based on animals, packaging material, food, and product.
Based on the region, the global pet food packaging market report covers the growth opportunities and recent trends across the Asia Pacific (APAC), North America, Europe, & the Middle East and Africa (MEA). Of these, North America will have the lions share in the market over the forecast period. Growing demand for pet ownership, the presence of pet food packaging manufacturers, demand for cups and tubs, increasing sales of dog food packaging products, and rising consumption of pet food packaging in the wet cat food sector is adding to the global pet food packaging market growth in the region. The United States holds the utmost share in the market, followed by Canada.
The global pet food packaging market in Europe is predicted to hold the second-largest share over the forecast period. The huge production of pet food and its packaging products, as well as huge imports of these products, are adding to the global pet food packaging market growth in the region. Germany holds the utmost share in the market.
The pet food packaging market in the APAC region is predicted to grow at a fast pace over the forecast period. The presence of nuclear families and the concept of humanization are adding to the global pet food packaging market growth in the region. China, India, and Japan have the utmost share in the market.
The pet food packaging market in the MEA is predicted to have sound growth over the forecast period.
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TABLE OF CONTENT
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.2 Research Objective
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Landscape
3.1 Porter’s Five Forces Analysis
3.1.1 Threat Of New Entrants
3.1.2 Bargaining Power Of Buyers
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