Global Feed Packaging Market Is Forecast To Surpass USD 24.01 Billion by 2028

Market Overview:
The Global Feed Packaging Market was valued at USD 17.29 Billion in 2021, and is anticipated to reach USD 24.01 Billion by 2028, growing at a CAGR of 4.8% over the analysis period.
The process of protecting or enclosing products for distribution, sale, storage, and use is referred to as packaging. Animal feeds play an important role in the food industry and are manufactured in a variety of industrial feed mills or simply in on-farm mixers. These feeds are typically available in a variety of forms, such as dried, wet, or chilled, and require appropriate packaging for future use and transportation. Feed packaging is thus the ultimate solution, as it safely ensures food safety, improves animal health and welfare, and increases feed quality.

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Market Dynamics:
Driver:
Due to increased demand from pet and livestock owners to meet the nutritional and food requirements of their livestock and pet animals, the Feed Packaging market is expected to grow rapidly in the coming years. Furthermore, to meet this requirement, the feed packaging material is made available in a variety of materials and served in a single pack or bulk packaging based on customer demand. The ongoing and increasing humanization of pets is expected to drive sales of all pet services and products, thereby increasing the growth of pet animal feed packaging.

Opportunities:
Customers all over the world are increasingly requesting demanding flexible packaging materials for feed packaging. Since different forms and types of products are filled in different bags, animal feed packaging must be highly flexible. This increase in demand for flexible packaging is expected to provide the feed packaging market with a profitable growth opportunity in the coming years. Flexible packaging ensures high flexibility, dependability, and quality, attracting more customers worldwide. Flexible packaging is also in high demand in the food and beverage, personal care and cosmetics, and pharmaceutical industries due to its graphic impact, durability, lightweight, convenience, and ease of supply chain.

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Segmentation Analysis Of Feed Packaging Market
By Animal type, the livestock segment is the most dominating segment in the feed packaging market. The dominance of this segment can be attributed to the vast livestock population across the world and increasing awareness regarding animal nutrition. For instance, India had the largest cattle inventory in the world, and it accounted for almost 535.78 Million of livestock population in 2019. Livestock is an important asset for the vulnerable communities and rural livelihoods, and to protect them from any harm, essential feed and nutrition are high in demand. The demand for dairy and meat products has increased enormously in recent years. To meet the growing demand livestock growers are adopting innovative solutions to increase the yield thereby, supporting the development of the segment.
• Pets
• Livestock

By Feed type, the dry feed segment holds the largest market share and is estimated to register significant growth over the forecast period. Feed packaging is majorly used for the dry type of feed across the world. Dry feed is highly available in the form of cubes, crumbles, powder, pellets, and cakes which further escalates the high demand from pet and livestock owners. Also, the affordable and easy-to-handle feature of the dry feed segment attracts more consumers, thereby driving the growth of this segment.
• Dry
• Wet
• Pet treats
• Chilled & frozen
• Others

By Material, the BOPP segment dominates the market growth of feed packaging. BOPP bags are a strong and stable packaging option for any type of animal feed. The characteristics such as resistance to oil, moisture, grease to prevent contamination, high tensile strength to avoid tears and punctures, durability, and versatile nature of BOPP packaging makes it more suitable for feed packaging and thereby drive the growth of this segment.
• Retail stores
• Supermarkets/ Hypermarkets
• Online sales channel

Regional Analysis Of Feed Packaging Market
The Asia Pacific region is anticipated to dominate the feed packaging market over the analysis period attributed majorly to the high development in the production of feed and packaging in this region. The rising demand for meat and dairy products as well as the rapid economic growth in countries such as Thailand, China, India, and Japan have led to the dominance of this region. Also, feed is produced more in this region for domestic consumption and for export purposes. Furthermore, the R&D initiatives to support revenue growth is another factor that boosts the feed packaging market in the Asia Pacific region. The feed packaging is also witnessing huge demand owing to the variations in packaging size, marketing strategies as well as labeling of detailed contents present in the boxes. In addition to this, the small-sized pouches and woven bags are expected to witness a huge rise in demand as the growers in this region hold low infrastructure and poor storage, and using such small pouches can prevent the feed from spoilage.

North America is the fastest-growing region for the feed packaging market. This growth can be accounted to the presence of a huge pet population as well as consumer awareness regarding pet food safety. The North American region is also estimated to grow rapidly in the upcoming years due to the large-scale availability of food ingredients and materials required for feed packaging in this region. Key factors such as the increasing competition, growing demand for feed product differentiation, and rise in pet food and feed expenses are most likely to create growth opportunities for feed packaging in the North American region. Additionally, the rise in consumer demand for the shelf-life extension as well as major investments in innovation and designs in the feed packaging drives the market growth in the region.
• APAC (Japan, China, South Korea, Australia, India, and Rest of APAC)
• Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe)
• North America (U.S., Canada, and Mexico)
• South America (Brazil, Chile, Argentina, Rest of South America)
• MEA (Saudi Arabia, UAE, South Africa)

Top Key Players Covered In The Feed Packaging Market
• LC Packaging (Netherlands)
• El Dorado Packaging Inc. (US)
• NPP Group Limited (Ireland)
• Plasteuropa Group (UK)
• NYP Corp. (US)
• ABC Packaging Direct (US)
• Shenzhen Longma Industrial Co., Limited (China)
• Amcor Limited (Australia)
• Mondi Group (Austria)
• ProAmpac (US)
• Sonoco Products Company (US)
• Winpak Ltd., (Canada)
• NNZ Group (the Netherlands)
• Constantia Flexible Group (Austria)
• Huhtamäki Oyj (Finland), and other major players.

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Key Industry Development In The Feed Packaging Market
In July 2020, Mondi declared its partnership with Hutthaler, an American meat producer, to develop a fully recyclable thermoforming film that will be made from a mono-material for maintaining the quality of sausage and meat products.

In October, 2019, Constantia Flexibles announced an official collaboration with Sappi for the further growth and development of paper-based packaging material. Later, to increase their collaboration across the value chain, the company then partnered with Sappi driving the innovation for sustainable packaging.

Table of Content
Chapter 1: Introduction
 1.1 Research Objectives
 1.2 Research Methodology
 1.3 Research Process
 1.4 Scope and Coverage
  1.4.1 Market Definition
  1.4.2 Key Questions Answered
 1.5 Market Segmentation

Chapter 2:Executive Summary

Chapter 3:Growth Opportunities By Segment
 3.1 By Animal Type
 3.2 By Feed Type
 3.3 By Material

Chapter 4: Market Landscape
 4.1 Porter's Five Forces Analysis
  4.1.1 Bargaining Power of Supplier
  4.1.2 Threat of New Entrants
  4.1.3 Threat of Substitutes
  4.1.4 Competitive Rivalry
  4.1.5 Bargaining Power Among Buyers
 4.2 Industry Value Chain Analysis
 4.3 Market Dynamics
  4.3.1 Drivers
  4.3.2 Restraints
  4.3.3 Opportunities
  4.5.4 Challenges
 4.4 Pestle Analysis
 4.5 Technological Roadmap
 4.6 Regulatory Landscape
 4.7 SWOT Analysis
 4.8 Price Trend Analysis
 4.9 Patent Analysis
 4.10 Analysis of the Impact of Covid-19
  4.10.1 Impact on the Overall Market
  4.10.2 Impact on the Supply Chain
  4.10.3 Impact on the Key Manufacturers
  4.10.4 Impact on the Pricing

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