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Advancements In Flexible Pet Care Packaging Fuel The Market Expansion || Amcor Plc., Aptar Group Inc., Ardagh Group SA, Coveris Holdings SA
Flexible Pet Care Packaging Market
Flexible Pet Care Packaging Market Size, Growth Rate, And Forecast
The global flexible pet care packaging global market size is expected to grow from $7.73 billion in 2022 to $8.39 billion in 2023 at a compound annual growth rate (CAGR) of 8.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The flexible pet care packaging global market size is expected to grow to $11.54 billion in 2027 at a CAGR of 8.3%.
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Flexible Pet Care Packaging Market Drivers
Rising pet ownership is expected to propel the growth of the flexible pet care packaging market going forward. Pet ownership refers to any individual who has custody of or owns a dog, cat, or other domestic pet. More individuals are adopting dogs as a result of demographic shifts and increased income levels which increases the demand for pet care products and packaging. For instance, according to a 2021-2022 survey conducted by the American Pet Products Association (APPA), a US-based not-for-profit industry association that represents more than 1000 pet product manufacturers, importers of pet products, and suppliers of products for non-pet livestock, in the United States, 69 million households have dogs, compared to 45.3 million households with cats.
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Flexible Pet Care Packaging Market Segments
• By Packaging: Cans, Bags and Pouches, Folding Cartons, Tubes, Blister Packs, Plastic Bottles and Jars
• By Material: Plastic, Paper and Paperboard, Metal, Other Packaging Materials
• By Application: Dry Food, Wet Food, Frozen
• By End Use: Cats, Dogs, Birds, Other End Uses
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the flexible pet care packaging market.
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Flexible Pet Care Packaging Market Key Players
Major competitors in the flexible pet care packaging market are Amcor Plc., Aptar Group Inc., Ardagh Group SA, Coveris Holdings SA, Crown Holdings Inc., Constantia Flexibles Group GmbH, KapStone Paper and Packaging Corporation, Mondi Group Plc., ProAmpac LLC, Sonoco Products Company.
The Business Research Company's "Global Flexible Pet Care Packaging Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Flexible Pet Care Packaging Market Include:
1. Executive Summary
2. Flexible Pet Care Packaging Market Characteristics
3. Flexible Pet Care Packaging Market Trends And Strategies
4. Flexible Pet Care Packaging Market - Macro Economic Scenario
5. Flexible Pet Care Packaging Market Size And Growth
………………
27. Flexible Pet Care Packaging Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Flexible Pet Care Packaging Market
29. Flexible Pet Care Packaging Market Future Outlook and Potential Analysis
30. Appendix
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