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The Global Pet Food Packaging Market Assessed to Reach $18.58 Billion in Revenue by 2028
The Global Pet Food Packaging Market
A recent study by Triton Market Research titled ‘Global Pet Food Packaging Market’ comprises the Global Analysis and Forecasts by Material (Metal, Plastic, Paper and Cardboard), Animal Type (Fish, Birds, Cats, Dogs, Others), Packaging Type (Flexible, Rigid), Food Type (Frozen Food, Dry Food, Wet Food), and by Geography (North America, Middle East and Africa, Europe, Latin America, Asia-Pacific).
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According to Triton Market Research’s report, the global pet food packaging market is anticipated to progress at a CAGR of 7.31% over the phase of 2022-2028. It is likely to gather revenue worth $18.58 billion by 2028.
Pet food packaging assists companies in developing branding strategies since packaging design, color, and structure influence buying behavior of pet parents.
In recent years, pet humanization has been among the biggest trends transforming the pet care industry. Several pet owners are focusing heavily on high quality ingredients, thus increasing the demand for premium products. This rise in humanization and premiumization trends supports the overall development of the pet food packaging market.
However, fluctuations in raw material prices and food safety regulations are hampering the growth of the pet food packaging market globally.
The pet food packaging market is divided into material, animal type, packaging type, and food type. The material is sectioned into metal, plastic, and paper and cardboard. Based on animal type, it is divided into fish, birds, cats, dogs, and others. In terms of packaging type, it is subdivided into flexible and rigid. Lastly, the food type is branched into frozen food, dry food, and wet food.
Geographically, the Asia-Pacific is estimated to witness the fastest growth in the pet food packaging market over the forecast period 2022-2028. Australia and New Zealand are showing sustainable trends in the pet food packaging market in the region. As per estimates, the countries observed high pet food bags and wet-food pouches sales. Some pet brands are partnering with waste management companies to reduce the amount of packaging waste produced from the PET food industry. Moreover, the region is one of the fastest-growing pet food producers.
Hence, the aforementioned factors are expected to widen the scope and growth of the pet food packaging market.
Goglio SPA, Ardagh Group SA, American Packaging Corporation, Winpak Ltd, Huhtamaki OYJ, Constantia Flexibles, Transcontinental Inc, Crown Holdings, Printpack Inc, Sonoco Products Company, Berry Global Group Inc, Aptar Group Inc, Amcor Plc, Mondi Plc, Silgan Holdings Inc, Coveris Holdings SA, and Proampac Holdings Inc are key companies in the pet food packaging market.
Purchase this Report @ https://www.tritonmarketresearch.com/reports/pet-food-packaging-market#purchase-option
Question & Answer: Pet Food Packaging Market
Question 1: What factor supports the overall development of the pet food packaging market?
Answer: In recent years, pet humanization has been among the biggest trends transforming the pet care industry. Several pet owners are focusing heavily on high quality ingredients, thus increasing the demand for premium products. This rise in humanization and premiumization trends supports the overall development of the pet food packaging market.
Question 2: What factors are hampering the growth of the pet food packaging market globally?
Answer: Fluctuations in raw material prices and food safety regulations are hampering the growth of the pet food packaging market globally.
Question 3: Which region is estimated to witness the fastest growth in the pet food packaging market over the forecast period?
Answer: Geographically, the Asia-Pacific is estimated to witness the fastest growth in the pet food packaging market over the forecast period 2022-2028. Australia and New Zealand are showing sustainable trends in the pet food packaging market in the region. As per estimates, the countries observed high pet food bags and wet-food pouches sales. Some pet brands are partnering with waste management companies to reduce the amount of packaging waste produced from the PET food industry. Moreover, the region is one of the fastest-growing pet food producers. Hence, the aforementioned factors are expected to widen the scope and growth of the pet food packaging market.
Question 4: Which are key companies in the pet food packaging market?
Answer: Goglio SPA, Ardagh Group SA, American Packaging Corporation, Winpak Ltd, Huhtamaki OYJ, Constantia Flexibles, Transcontinental Inc, Crown Holdings, Printpack Inc, Sonoco Products Company, Berry Global Group Inc, Aptar Group Inc, Amcor Plc, Mondi Plc, Silgan Holdings Inc, Coveris Holdings SA, and Proampac Holdings Inc are key companies in the pet food packaging market.
Related Report:
Global Flexible Packaging Market
The global flexible packaging market is evaluated to display growth in its revenue during 2019-2027 at a CAGR of 4.22% and 3.68% in value and volume, respectively. It is assessed to acquire revenue worth $300601.15 million by 2027.
The plastic material is known for its easy malleability as they are formed of several synthetic substances. Moreover, they can be precast and changed into any solid shaped matter, thus gaining popularity as a flexible packaging material.
Factors such as cost-effectiveness and surged shelf life, improvements in global consumer goods manufacturing, and miniaturization of packaging are driving the growth of the flexible packaging market.
Additionally, the rising demand for sustainable packaging solutions, the surge in technological innovations, and the substitution of traditional packaging is opening new avenues for the pet food packaging market.
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