Pet Food Packaging Market 2018 Global Industry Analysis By Sonoco, Bemis, Amcor, Mondi, Ampac, Huhtamäki, Sealed Air, Berry, Diamond Pet Foods and Others

Global Pet Food Packaging Information: By Packaging Material Type (Paper & Paperboard, Plastic, And Others), Product (Bags, Metal Cans, Boxes & Cartons), Food Type (Pet Snacks, Small Pet Food, Pet Treats, Cat Litter), Animal Type (Dog, Cat, Fish), Region - Forecast To 2023

Pet food packaging market is growing rapidly. According to a recent study report published by the Market Research Future, the global PET Packaging market is estimated to observe a Humongous Growth, with an exponential CAGR during the forecast period (2016-2023).

MRFR Study says that : The global pet food packaging market is projected to reach USD 89.10 million by 2023 at a CAGR of 5.67% during the forecast period 2017-2023.

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Amcor Limited, Mondi PLC, Sonoco Products Company Resources Inc., InterFlex Group, Constantia Flexibles GmbH, KapStone Paper and Packaging Corporation, Huhtamäki OYJ, Aptar Group, Gateway Packaging Company, Ampac, Bemis Co. Inc., Reynolds Group Holding, Printpack Inc., and Ardagh Group are some of the prominent players at the forefront of competition in the global Pet Food packaging market and are profiled in MRFR Analysis.

Global Pet Food Packaging Market - Competitive Analysis

There has been various changes in the way pet food is packaged and sold. Due to the increased popularity, the packaging companies such as Amcor Limited, Mondi PLC, Sonoco Products Company Resources Inc., InterFlex Group, Constantia Flexibles GmbH and others invest heavily in the aesthetic values, material and unique price points.

The Honest Kitchen has received an Innovation Award from Petfood 2.0 for its advanced sustainable packaging which is recyclable and made from post-consumer material. The company has partnered with Bulldog Drummond, as well as with the artist Natalya Zahn, to create its new look.The new packaging design for the human grade pet food depicts whole-food ingredients and shadowed versions of actual employees' pets.

In November 2017, Petcurean partnered with Tetra Pak to introduce cartons as an innovative and sustainable packaging option. The brand has expanded its NOW FRESH product line with stew and pâté recipes for dogs and cats, made with 100% fresh wild salmon, turkey or pork in nutrient-rich turkey bone broth.

Simmons Pet Food is expected to increase its capacity for flexible production and packaging of wet pet food products. The company invested USD 38 million to increase operations by 200,000 square feet.

Market Synopsis

Pet food packaging is used for the wrapping or enclosing food items produced specifically for animals (pets). The packaging of such product is available across rigid, semi-rigid, and flexible options. The pet food packaging market is mainly driven by the factors such as increasing adoption of pets, innovation in packaging, and increasing disposable income of pet owners. The market growth is hindered with stringent pet food regulations.

The pet food packaging market is growing with the growing pet food industry. Additionally, increasing awareness about the pet humanization trend and concerns about the health of pets, people are preferring quality packaging food products, which can protect the pet food from spoilage and have quality standards similar to human food packaging.

Quality of life and health of pets largely depends on their diet. Majority of pet owners and pet lovers, concerned about proper nutrition they deserve. On the basis of the product type, the market is segmented into eatable and chewable product. Snack products are mostly eatable, while treats are both eatable and chewable. Snacks with health-related claims are among the fastest growing new product launches in that category. According to a survey by Packaged Facts, 70% respondents say that treats with functional benefits such as dental and oral health, skin and coat, and join health plan which plays an important role in maintaining pet’s health.

Pet supermarket offers range of dog treats, biscuits and snacks from leading brands. Selection of dog and puppy treats includes bones, cookies and rawhide chews in a variety of flavors such as liver, chicken, bacon, beef jerky and other. Moreover, many companies focusing on low-fat, natural and hypoallergenic treats for specific health issues.

Pet owners are curious about every facet of the food. Recent trend shows that they are more concerned about the ingredients and product packaging. Many options are available for pet food in the market. Animal lovers are demanding the products, which are attractive, informative, and protective as any other food product. Moreover, FDA regulations for pet food products have improved over the years and are similar to human foods. Manufacturers are focusing on providing consumers want such as intelligent packaging for pet food.

The pet care industry has grown progressively in the developed countries due to growing pet ownership and demand for pet food packaging. Trending designs of better packaging include the incorporation of additives into the packaging. As the consumer demand increases, manufacturers are pushing further to meet their needs. The global pet food packaging market is projected to reach USD 89.10 million by 2023 at a CAGR of 5.67% during the forecast period 2017-2023.

The pet food packaging market has witnessed a prospective growth over the last few years and as per the analysis, the market is likely to retain the similar growth rate during the forecast period. In the report, the market has been divided into the material, which includes paper & paperboard, plastic and others.

Plastic is one of the most widely used material for packaging across various end-use industries. Plastic in the form of PVC, HDPE, PET and others are used extensively in pet food packaging market. The material offers high barrier, cost efficient, temperature resistance and durable packaging options. The segment holds the largest share in the global pet food packaging market and is expected to grow at the highest CAGR in the coming years.

Furthermore, segmentation by animal type includes dogs, cats, bird, and fish. Products such as jerky are offered by the manufacturer for both dogs and cats. Similarly, dried products, for instance, vegetables, fruits, small fishes, and plankton are offered for aquatic animals. Among all of these, dog segment dominated the market due to more preference for dogs during pet adoption, followed by cat segment. Growing pet adoption and the increase in spending by pet owners on pet food products fueling the pet food packaging market. With innovation in pet food products and rising competition in the pet food packaging market, manufacturers are opting for quality and sustainable packaging to attract more customers.

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Pet Food Packaging Market – Regional Analysis

North America dominates the Pet Food Packaging Market with its fast growing market worldwide. It will expand at a substantial CAGR over the forecast period. The increase in disposable income resulting in changing lifestyles and increased awareness towards pet adoption are key drivers in the region. It is followed by Europe and APAC which is expected to grow rapidly over its previous growth records by 2023.

Table Of Content

1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Definition
2.2.2 Research Objective
2.2.3 Assumptions
2.2.4 Limitations
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
3.1.3 Bargaining Power Of Suppliers
3.1.4 Threat Of Substitutes
3.1.5 Segment Rivalry
3.2 Value Chain/Supply Chain Analysis

4 Market Dynamics
4.1 Introduction
4.2 Market Drivers
4.3 Market Restraints
4.4 Market Opportunities
4.5 Market Trends

Continues...

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