Pet Food Packaging Market Current Trends, Business Opportunities and Industry Overview 2021-2026

MarketInsightsReports has published a report entitled Global Pet Food Packaging Market Research Report 2021 that is a detailed observation of several aspects, including the rate of growth, technological advances and various strategies implemented by the main current market players. The report is based on a collective analysis of data, which is obtained through primary and secondary research. It provides a systematic approach to the current and prospective scenario of this market.

The pet food packaging market was valued at USD 9.92 billion in 2020 and is expected to reach a value of USD 13.78 billion by 2026 and grow at a CAGR of 6.79% over the forecast period (2021-2026).

Click the link to get a Sample Copy of the Report:

https://www.marketinsightsreports.com/reports/02082592123/pet-food-packaging-market-growth-trends-covid-19-impact-and-forecasts-2021-2026/inquiry?Mode=68

Key Players:

Amcor PLC, American Packaging Corporation, Crown Holdings, Ampac Packaging, Ball Corporation, Coveris Holdings, MeadWestvaco Corporation, Mondi Group, Sonoco Products, Berry Plastics, Ardagh Group, Westrock, Silgan Holdings Inc. and others.

Key Market Trends

Bags to Witness Significant Growth

- Bags are anticipated to witness significant growth due to the companies' growing focus to reduce the usage of material in producing the product is encouraging the development of the bags. The physical and barrier properties required for standalone bags can be provided in a lightweight multi-material laminate, and generally include one or more of LDPE, HDPE, CPP, OPP, and PVC and coatings such as PVdCL.
- Although flexible materials are not currently widely collected through kerbside recycling schemes, they were bags to become widely recycled. The preferred options would be monomers or mixed materials based around polyethylene and PET. Some significant retailers who collect carrier bags are looking to take back bread bags, cereal bags, and other similar bags, which may, in the future, allow monolayer bags to be more readily recycled. However, given the current lack of kerbside recycling facilities for flexible materials, priority should first be given to light- weighting and material reduction.
- Most of the packaging companies aim for a material reduction in their packages. And this is the prime factor driving the growth of the bags in the pet food packaging industry. Historically, the excessive reduction has increased seal failures. However, a new sealing approach, the 'Integrity seal system,' has been developed by Ceetek in partnership with WRAP and International Food Partners (IFP) and can reduce the standard seal size of 15mm down to 1.5mm wide30.
- This technology has been used successfully by Marks & Spencer for salad packaging, generating a 10-15% packaging material reduction and is suitable for use with both liner bags and standalone bags.

North America Holds Major Share

- Increasing pet humanization and pet ownership, the emergence of private label store brands, and growing urbanization are some of the major driving forces propelling the growth of the North American pet food market.
- Further, the increase in the number of non-traditional households with no children, coupled with high levels of disposable income is boosting the per-capita pet expenditure for this market. Consequently, pet owners are willing to pay for more value-added products and resulting in a decline of economy pet food, with people moving toward branded product offerings.
- Moreover, the increasing penetration of e-commerce, coupled with internet retailing, is creating a market for pet stores to create Omni channels to grow. Thus, all the aforementioned reasons are expected to be instrumental in driving the pet food packaging market in North America.
- According to the U.S. Department of Agriculture, the U.S. pet food exports to China were up by 124% from Jan 2020 through Jun 2020 compared to the same period in 2019. The new e-commerce regulations, potentially allowed the sales of U.S. pet food via this channel, combined with the growth of e-commerce in the pet food market due to COVID-19, may present an opportunity to increase the U.S. market share in the Chinese pet food market.

Browse Full Report at:

https://www.marketinsightsreports.com/reports/02082592123/pet-food-packaging-market-growth-trends-covid-19-impact-and-forecasts-2021-2026?Mode=68

Important Features that are under Offering and Key Highlights of the Reports:

– Detailed overview of Pet Food Packaging Market
– Changing market dynamics of the industry
– In-depth market segmentation by Type, Application etc
– Historical, current and projected market size in terms of volume and value
– Recent industry trends and developments
– Competitive landscape of Pet Food Packaging Market
– Strategies of key players and product offerings
– Potential and niche segments/regions exhibiting promising growth.

Finally, the Pet Food Packaging Market report is the believable source for gaining Market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request, and Market development rate and figure, and so on. This report additionally Present a new task SWOT examination, speculation attainability investigation, and venture return investigation.

Note: All the reports that we list have been tracking the impact of COVID-19. Both upstream and downstream of the entire supply chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.

CONTACT US:
Irfan Tamboli (Head of Sales) – Market Insights Reports
Phone: + 1704 266 3234 | +91-750-707-8687
sales@marketinsightsreports.com | irfan@marketinsightsreports.com

ABOUT US:
MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information, and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

This release was published on openPR.