The report “Pet Food Packaging Market by Packaging Material (Paper & Paperboard, Flexible Plastic, Rigid Plastic, Metal), Packaging Type (Bags, Cans, Pouches, Boxes/Cartons), Food Type (Dry, Wet, Chilled & Frozen, Pet Treats), Animal Type (Dog, Cat, Fish, Bird), & by Region - Trends & Forecast to 2020” defines and segments the global pet food packaging market with analysis and forecasting of the global revenues for pet food packaging. It also identifies the driving and restraining factors of the market with analysis of trends, opportunities, burning issues, winning imperatives, and challenges.
Browse 228 market data tables and 45 figures spread through 258 pages and in-depth TOC on “Pet Food Packaging Market - Trends & Forecast to 2020"
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The market is segmented and revenues are forecasted on the basis of major regions, such as North America, Europe, Asia-Pacific, and Rest of the World (RoW). The key countries are covered and their market sizes have been forecasted for each region. Further, the market is segmented and revenues are forecasted on the basis of applications.
Increasing disposable incomes of people in developing countries, growing nuclear families, innovation in pet food products, and the increasing pet food products sales have driven the growth of the pet food packaging market. However, stringent rules and regulations implemented by different governing bodies may restrict the entry of new business operations in this market.
The global pet food packaging market is projected to reach $8,190.2 Million by 2020, with a CAGR of 5.08% from 2015 to 2020. The North American region accounted for around 39.4% of the total market share in terms of value, followed by the European and Asia-Pacific regions.
The global market is projected to reach $8,190.2 Million by 2020. The Asia-Pacific region is projected to grow at the highest CAGR of 5.63% during the projected period, that is, 2015 to 2020.
The growth of this market is primarily driven by the following:
- Rising pet ownership
- Developing economies and GDP
- Increasing pet humanization trend
- Changing lifestyles
The dry food packaging segment is projected to grow at the highest CAGR of 5.38% from 2015 to 2020. The pet food packaging market was dominated by the dry pet food packaging segment, which accounted for 71.1% of the total market in 2014.
The global market is marked with intense competition due to the presence of a large number of both, big and small firms. New product launches, mergers & acquisitions, and partnerships & expansions are the key strategies adopted by market players to ensure their growth in the market. The key players in the market are Sonono Products Company (U.S.), Amcor Limited (Australia), Constantia Flexibles (Austria), Ampac (U.S.), Bosch Packaging Technology (Germany), Huhtamäki OYJ (Finland), Bemis Co., Inc. (Italy), Goglio SpA (America), and Mondi Group (South Africa).
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