March 14, 2022
According to the research report titled ‘GLOBAL PET FOOD PACKAGING MARKET 2022-2028,’ available with MarketStudyReport, global pet food packaging market is slated to observe an upward growth curve during the period 2022-2028.
The rising trend of pet humanization, preference for high-quality pet products, growing adoption of pets, and the increasing number of premium category brands of pet foods are attributes driving development of global pet food packaging market.
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Besides, the rise in e-commerce sales is an opportunity which businesses in this line of work can leverage to amplify their customer reach, thus facilitating the industry dynamics.
On the contrary, fluctuations in raw material costs, combined with strict safety regulations imposed by authorities are likely to impede the progress of market during the forecast period.
Concerning food type, the marketplace is categorized into frozen food, dry food, and wet food. In terms of material, the industry is segmented into paper & cardboard, metal, and plastic.
Based on packaging type, the business sphere is categorized into flexible, and rigid. Speaking of animal type, worldwide pet food packaging market is divided into fish, dogs, birds, cats, and others.
From a geographical standpoint, Asia Pacific market is poised to be a significant contributor in terms of revenue share during the projected timeline, owing to the soaring proportion of nuclear families, rise in disposable income, and consequent increase in urbanization.
Moreover, emerging economies like China and India are enticing avenues for market players, on account of bolstering demand for pet food, resulting in several investment and collaboration occurrences.
The companies defining the competitive landscape of global pet food packaging industry are Crown Holdings, Inc., Constantia Flexibles Group, Berry Global Group, Inc., Winpak Ltd., American Packaging Corporation, Amcor plc, Transcontinental, Inc., Printpack, Inc., AptarGroup, Inc., Coveris Holdings SA, Silgan Holdings, Inc., Ardagh Group SA, Huhtamaki Oyj, Sonoco Products Company, Goglio S.p.A, ProAmpac Holdings, Inc., and Mondi plc among others.