Pet Food Packaging Market, by Material Type (Plastic, Paper, Other Material Types), Type of Packaging, [Rigid (Cartons, Boxes, Bottles, Others), Flexible (Pouch, Bag, Others)] Regional Analysis (North America, Europe, Asia-Pacific, LAMEA): Global Opportunity Analysis and Industry Forecast, 2020–2027

Pet Food Packaging Market Analysis:

Pet food packaging is used for packing, covering, and enclosing food items that are produced for animals. Proper packaging of food plays a vital role in maintaining quality and hygiene food. Growing customer awareness regarding nutrition in animal food has made it important to create attractive packaging which fulfills the purpose of providing complete information regarding the ingredients and nutritional value. Attractive and safe packaging methods help an organization to increase its sales as the customer prefer these products for their pets.

A rise in animal adoption and growing concern regarding food quality and animal health are the key drivers of the pet food packaging market

The adoption of household pets in the developed, as well as developing countries in the past several decades, has extensively increased. The rising pet population has increased the pet food items consumption as well, which positively impacts the pet food packaging market. Furthermore, due to rising health concerns amongst animals caused by the food items, their owners have become more concerned and are looking for the products which provide the best packaging which is both attractive and informative. Also, good packaging can majorly impact the purchase decision of a customer. All these reasons are the major drivers of the pet food packaging market.

Stringent government regulations are negatively impacting the pet food packaging market

Governments across the globe have become more aware and stricter regarding the hazards caused by food packaging materials and have created various regulations. Once the packaging passes the quality check, only then it is allowed to be used. But all these quality check processes and also the development and continuous production of unharmful packaging has increased the cost, causing a direct rise in the price of the finished product as well. For instance, the Food and Drug Administration is known to have a lot of regulations for pet food packaging in the food items packaging category.

Opportunity-increase in E-commerce utilization 

Recent years have seen growing urbanization and promising development in technology. Households, nowadays, find it more comfortable to purchase daily consumption products using E-commerce. Pet food packaging has grown its importance over the years as customers using E-commerce mode only buy on the basis of how attractive and informative, they find the packaging of the pet food product. E-commerce websites have definitely increased the market size of pet food as well, directly impacting the pet food packaging market positively. This has become a vital opportunity for companies to grow and seek more investments in the coming years as customers can only view the pet food product and have to make their decisions on the basis of what they find most appropriate for their pets.

Pet Food Packaging Market, by Material Type:

The plastic segment will  be the most lucrative till 2027

The plastic segment will have a dominating share in the global market and they are expected to register a significant revenue during the forecast timeframe. Plastics as a packaging material are highly preferred due to their lightweight, durability, and flexibility. They are highly cost-efficient and can be mass-produced at significantly low rates. Plastic packaging provides temperature resistance ensuring the quality of food items remains intact.

Pet Food Packaging Market, by Type of Packaging:

Flexible packaging segment to register a significant growth

The flexible packaging segment is anticipated to grow exponentially during the forecast period. Flexible packaging options such as a pouch, bag, and others have become extremely popular amongst customers as they are available in multiple sizes. Customers can purchase whatever size they want from a single-serve pouch to a monthly serving size bag. They are convenient to store and easy to handle and dispose of. Further, they are cost-effective for both customers and manufacturers. All these factors have majorly contributed to flexible packaging growth.

Pet Food Packaging Market, by Region:

North America to hold the largest market share 

North America region will hold the largest market share in the pet food packaging market during the forecast period. Growing animal adoption amongst households and the development of animal shelters across the region has significantly increased the demand for pet food. Further, due to the growing economy and changing lifestyles in the North America region people are much more busy working in offices and don’t have time to cook meals for there pets and that is creating a need for quick food substitutes which are fulfilled by pet foods. Stringent government regulations have also caused development and innovation in the pet food packaging market. All these factors are directly encouraging investment inflow in the pet food packaging market.

Asia-Pacific region anticipated to grow exponentially

Asia-Pacific region will register significant growth during the forecast period in the pet food packaging market. Growing awareness about animal cruelty and rising humanization have increased animal adoption rates in the region. Consumers from this region have become more aware of the negative impacts of faulty packaging and are more worried about their pet health. This has led to the development of more innovative and unique packaging solutions in the pet food packaging market, which attracts customers to eventually purchase the pet food item. Furthermore, investments from the region have grown a lot in the pet food packaging industry due to the popularization of using modern pet food supplements as recommended by veterinarians.

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Key Participants in the Global Pet Food Packaging Market:
Merger & acquisition and advanced product development are the frequent strategies followed by the market players

Some of the significant pet food packaging market players include Amcor plc, Mondi,  Syntegon Technology GmbH, CONSTANTIA, Sonoco Products Company, Greif, ProAmpac, Ardagh Group S.A., WINPAK LTD., SCHELL & KAMPETER, INC.

Market players prefer inorganic growth strategies to expand into local markets. Pet food packaging market players are emphasizing more on merger & acquisition and advanced product development. These are the frequent strategies followed by established organizations. To emphasize more on the competitor analysis of market players, the porter’s five force model is explained in the report.

Source: Research Dive Analysis