Global Pet Food Packaging Market | Growth, Analysis

1
The Global Pet Food Packaging Market to Progress
at CAGR of 7.31 by 2028
Triton Market Research presents the Global Pet
Food Packaging Market segmented by Material
(Paper and Cardboard, Metal, Plastic), Food Type
(Frozen Food, Dry Food, Wet Food), Animal Type
(Birds, Dogs, Fish, Cats, Others), Packaging Type
(Flexible, Rigid), and by Geography (Middle East
and Africa, North America, Latin America,
Asia-Pacific, Europe). The report further
discusses the Market Summary, Industry Outlook,
Key Insights, Impact of COVID-19, Porters Five
Forces Analysis, Market Attractiveness Matrix,
Industry Components, Vendor Scorecard, Key Market
Strategies, Drivers, Challenges, Opportunities,
Competitive Landscape, Methodology Scope,
Global Market Size, Forecasts Analysis
(2022-2028). Tritons report estimates that the
global pet food packaging market is set to
register a growth rate of 7.31 over the
forecasted period 2022-2028.
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free-sample Pet food packaging is an integral
part of brand-building strategies. This is
because packaging design, structure, form, and
color, among other factors, influence buying
behavior of pet parents significantly.
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In recent years, the rise in pet care has
enhanced the sales of pet food products via
ecommerce platforms. This has compelled companies
to change their pet food packaging to accommodate
this trend. In this regard, easy to open and
reclose, font readability, and sustainability are
some of the positive changes incorporated by
companies. Hence, the rise in ecommerce sales of
pet food products opens new avenues for the pet
food packaging market. However, fluctuations in
raw material costs and strict food safety
regulations negatively impact the markets
growth. The Asia-Pacific is expected to emerge as
the fastest-growing region in the pet food
packaging market over the forecast period. This
growth can be attributed to a rise in disposable
income, an increase in nuclear families, and
rapid urbanization trends. Chinas pet food
industry is witnessing significant growth,
witnessing several investments and
collaborations. For example, Nestle invested
significantly to multiply its pet food
manufacturing. Hence, these factors supplement
the pet food packaging markets growth in the
region. Constantia Flexibles, Ardagh Group SA,
Huhtamaki OYJ, Aptar Group Inc, Transcontinental
Inc, Berry Global Group Inc, Goglio SPA, Sonoco
Products Company, Proampac Holdings Inc, American
Packaging Corporation, Coveris Holdings SA, Amcor
Plc, Winpak Ltd, Printpack Inc, Crown Holdings,
Silgan Holdings Inc, and Mondi Plc are well-known
firms in the pet food packaging market. There is
a high capital requirement to set up
manufacturing units in the market. However, the
market is observing a shift from traditional to
sustainable packaging, leading to the emergence
of various startups. Besides, the switching cost
for food manufacturers is low, making the threat
of new entrants low. Further, strategic
partnerships are intensifying competition among
existing players. For instance, Mars announced
the incorporation of recycled polypropylene in
the primary packaging of its popular pet food
brands. The company has taken this step by
partnering with Huhtamaki and SABIC.
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