Pet Food Packaging Market Size Forecast to Reach $13.2 Billion by 2026

Pet Food Packaging Market size is forecast to reach $13.2 billion by 2026, after growing at a CAGR of 4.5% during the forecast period 2021-2026. The key factors driving the growth of pet food packaging market include increasing affection for pets leading to higher pet adoption, high pet owners' income levels, changing lifestyles, demand for simplicity and convenience in packaging, and the growing trend of humanization of pets. Over the years, the growing customer preference for convenience over cost, has inspired pet food packaging product manufacturers to improve their product offerings. In this respect, both pet treats and food have seen a steady demand for convenience and single-serve packaging in the industry. In addition, food labeled with metabolizable energy is gaining popularity, which is further influencing pet food packaging market growth. Increased use in the field of reinforced and usable products and increased demand for cyclic oligomers polyester such as polyethylene terephthalate packaging have emerged as a key trend in the pet food packaging industry. Due to varied range of food flavor offerings worldwide, this market is expected to grow rapidly.

COVID-19 Impact

In the pet care sector, the rapid growth of internet retailing has been extremely disruptive over the past few years. The COVID-19 pandemic also increased the change and dramatically improved the sales of online pet food. In addition to the industry developments being sought in 2019, the beginning of 2020 has led to difficulties facing plastic producers in the midst of the Coronavirus outbreak. For instance, the British Plastics Federation (BPF) surveyed its members in March 2020 to demonstrate the effect of the coronavirus pandemic on the production of UK plastics.

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Pet Food Packaging Market Segment Analysis - By Packaging Material

Plastics segment held the largest share in the pet food packaging market in 2020 and is expected to grow at a CAGR of 5.6% over the forecast period. The demand for plastics is mainly driven by an increase in the consumption of standup bags and pouches. In addition, the increasing popularity of flexible packaging such as polyethylene terephthalate in the industry is a key factor driving the growth of plastics material. Paper & paperboard is also expected to see significant growth over the forecast period. Concerns about the use of plastics as packaging materials, particularly in emerging economies, are pushing the global sales of paper & paperboard-based packaging products. Sustainability has thus emerged in the industry as the operative term and is predicted to retain its prominence in the years to come. To make containers, metals are widely used. They are also used for other materials, such as plastics and paper & paperboard, in combination. In this aspect, metals are used in the form of caps and closures. Because of their structural strength and their capacity to prolong the shelf life of goods on store shelves, metals are favored. The growth of the metals segment has been limited over the years by concerns about the low recycling rate of metal cans. Despite the fact that most cans are made with infinitely recyclable aluminum, various studies conducted around the world indicate that less than 20 percent of cans (aluminum) are recycled annually worldwide.

Pet Food Packaging Market Segment Analysis - By Packaging Form

Bags held the largest share in the pet food packaging market in 2020 and is estimated to register a CAGR of 5.9% during the forecast period. The production of the bags is encouraged due to the growing focus of the companies to decrease the use of costly materials in manufacturing the product. In a lightweight multi-material laminate, the physical and barrier properties needed for standalone bags can be provided and typically include one or more LDPE, CPP, PVC, OPP, and HDPE and coatings such as PVdCL. While flexible materials are currently not commonly collected by recycling systems for kerbside, they were bags that were to be widely recycled. Monomers or mixed materials based on polyethylene and polyethylene terephthalate will be the preferred alternatives. Some major retailers collecting carrier bags are looking for bread bags, cereal bags, and other similar bags to be taken back, which could enable more readily recycled monolayer bags in the future. However, considering the existing shortage of kerbside recycling facilities for lightweight materials, light-weighting and material reduction should first be given priority.

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Pet Food Packaging Market Segment Analysis - Geography

North America held the largest regional share in the pet food packaging market in 2020 up to 30%. Some of the major driving factors influencing the growth of the North American pet food packaging market are increasing pet humanization and pet ownership, the rise of private label store brands, and increasing urbanization. In addition, the rise in the number of non-traditional households without children, combined with high levels of disposable income, is boosting per capita pet spending for this market. Additionally, pet owners are able to pay for more value-added products, leading to a downturn in the pet food economy, with individuals switching to branded product offerings. In addition, in conjunction with internet retailing, the growing penetration of e-commerce is creating a demand for pet stores to build Omni channels to expand. Thus, all the above factors are anticipated 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 increased by 124% between January 2020 and June 2020 compared to the same period in 2019. The new e-commerce regulations, which have potentially allowed U.S. pet food sales through this channel, combined with the growth of e-commerce in the pet food market due to COVID-19, may offer an opportunity to increase the U.S. market share in the Chinese pet food market.

Pet Food Packaging Market Drivers

Growth in Pet Adoption and Rising Awareness of Animal Health

According to the Pet Food Manufacturers' Association, 12 million or 40% of the UK households own a pet. Owning to the growth in pet adoptions and raising awareness among owners of animal health, the industry has focused on maintaining the quality of pet food packaging such as spill-proof and labeling innovations such as labeling metabolizable energy. Like any other food product, animal lovers demand attractive, informative, and protective products. In addition, the FDA regulations for pet food products have improved over the years and are similar to human food. Manufacturers focus on providing consumer preferences, such as smart packaging for pet food. The labeling of these pet food products thus provides an optimistic outlook for the demand for pet food packaging. Sustainability has become a serious concern raised by governments and customers, which is why packaging firms are focused on government and customer compliance packages. For instance, for organic pet food packaging, made from fiber-based renewable resources and paper/poly hybrid materials, ProAmpac's PRO-EVP multiwall bags are gaining popularity. The PRO-DURA collection of the company includes woven polypropylene bags, providing versatility and durability.

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Pet Food Packaging Market Challenges

Hazardous effects of Pet Food Packaging

Pet Food Packaging's adverse effects are likely to hamper the growth of global demand for Pet Food Packaging market. This herbicide is known to be harmful to human health. Most herbicides containing Pet Food Packaging cause eye irritation, resulting in skin allergies in people who are exposed to Pet Food Packaging for a longer period of time. Pet Food Packaging's chronic signs are anemia, cancer, and tumours. The U.S. Environmental Protection Agency has reported Pet Food Packaging as a potential human carcinogen. It is also reported as a water contaminant. In the coming years, such variables are likely to impede the growth of global demand for Pet Food Packaging.

Market Landscape

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Pet Food Packaging Market. Major players in the Pet Food Packaging market include Amcor Plc, Mondi Plc, Sonoco Products Company, Constantia Flexibles, Huhtamaki OYJ, Berry Global Group Inc, Smurfit Kappa, Ardagh Group S.A among others.

Acquisitions/Technology Launches

In 2020 Silgan Holdings acquired Cobra Plastics Inc. The combination of the Cobra overcap product line with aerosol actuators and dispensing systems will allow Silgan to provide a wider range of integrated solutions to meet the customer's specific needs, including practical overcaps.

In 2019 Amcor introduced AmLite Ultra Recyclable, the first packaging product made from its innovative, more viable, high-barrier polyolefin film.

Key Takeaways

North America dominates the market, owing to increase in adoption of pets, growing disposable income of pet owners, and rising concerns about health of pets in the region.

In addition, evolving consumer lifestyles across developed countries, increasing pharmaceutical and food industries, pet humanization, and the emergence of new product innovations such polyethylene terephthalate cyclic oligomers for pet microwave susceptor packaging in pet food products are expected over the forecast period to generate opportunities for global market suppliers.

However, in the coming years, strict government regulations on pet food quality and protection & quality issues of products are likely to hamper the growth of the global market for pet food packaging.

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