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Feed Packaging Market Share, Size, Trends, Growth And Industry Forecast To 2032
Feed Packaging Market Report
Feed Packaging Market Size, Growth Rate, And Forecast:
The global feed packaging market size is expected to grow from $16.62 billion in 2022 to $17.86 billion in 2023 at a compound annual growth rate (CAGR) of 7.4%. 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 global feed packaging market size is expected to reach $22.85 billion in 2027 at a CAGR of 6.4%.
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Feed Packaging Market Drivers:
An increase in pet adoption is expected to propel the growth of the feed packaging market going forward. Animal adoption is defined as acquiring animals through rescue groups instead of purchasing them from pet shops or breeders. Pet owners prefer feed packaging as they provide reliable packaging for the protection of animal feed's (nutritional) quality and safety. Hence, an increase in pet adoption increases the demand for the feed packaging market.
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Feed Packaging Market Segments
•By Type: Flexible Packaging, Rigid Packaging
•By Feed Type: Dry, Wet, Pet Treats, Chilled And Frozen, Other Feed Types
•By Material: Plastic, Polyethylene, Low-Density Polyethylene (LDPE), High-Density Polyethylene (HDPE), Polypropylene (PP), Paper, Jute, Metal
•By Application: Poultry Feed, Ruminants Feed, Swine Feed, Aquatic Animals Feed, Other Applications
•By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the feed packaging market.
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Feed Packaging Market Key Players:
Major competitors in the feed packaging market include Transcontinental Inc., Bemis Company Inc., Ardagh Group S.A., Winpak Ltd., Snapsil, Sealed Air, Coveris, Immer Ltd., Flextrus AB, Proampac, Amerplast Ltd., Berry Global Inc., Vietnam Plastic Corporation, International Plastics Inc., and Rutan Poly Industries Inc.
The Business Research Company's "Global Feed 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 Feed Packaging Market Include:
1. Executive Summary
2. Feed Packaging Market Characteristics
3. Feed Packaging Market Trends And Strategies
4. Feed Packaging Market - Macro Economic Scenario
5. Feed Packaging Market Size And Growth
....
26. Africa Feed Packaging Market
27. Feed Packaging Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Feed Packaging Market
29. Feed Packaging Market Future Outlook and Potential Analysis
30. Appendix
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