Pet Food Packaging Market worth $12.5 billion by 2025 | Key players Amcor Plc, Mondi Plc, Sonoco Products Company, Constantia Flexibles, Huhtamaki OYJ.

According to recent market research the "Pet Food Packaging Market by Material Type (Paper & Paperboard, Plastic, Metal), Packaging Form (Bags, Cans, Pouches, Boxes/Cartons), Food Type (Dry Food, Wet Food, Pet Treats), Animal Type (Dog, Cat, Fish, Bird), Region - Global Forecast to 2025" The global pet food packaging market size is projected to grow from USD 10.2 billion in 2020 to USD 12.5 billion by 2025, at a CAGR of 4.2% from 2020 to 2025. The market is expected to grow in tandem with the growth of the pet food industry across the globe. An increase in the number of pet adoptions is resulting in higher consumption of pet food. Innovations in packaging, simple and convenient packaging designs, innovation in packaging will boost the demand for pet food packaging.

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Bags, by packaging form, led the pet food packaging industry in 2019, in terms of value and volume. The application of bags in pet food packaging is largest due to ease of handling and low cost of production. Multiple applications of bags made from different materials like paper, plastic, and others offer a wide range of applications in the pet food packaging market.

Dry food, by food type, led the pet food packaging market in 2019, in terms of value and volume. It is the most prominent type of feed consumed. Dry food causes fewer spillages and can be cleared easily. It is easier to handle dry food than wet food, which has a strong smell.

Dog food, by animal type, led the pet food packaging market in 2019, in terms of value and volume. Dog food consumption is rising due to the higher adoption of dogs. The dog food industry is a huge market with pet food manufacturers spending a significant amount on advertising trying to convince consumers by offering the best products.

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The North America region is projected to lead the pet food packaging market, in terms of both value and volume from 2020 to 2025. Increase in demand for pet food due to factors such as convenient and straightforward design, innovations in the packaging designs, and boost in demand for pet food due to growing affection for pets are expected to drive the market for pet food packaging in the North America region.

Amcor Plc (Australia), Mondi Plc (South Africa), Sonoco Products Company (U.S.), Constantia Flexibles (Austria), and Huhtamaki OYJ (Finland) are the key players operating in the pet food packaging market. Expansions, acquisitions, and new product developments are some of the major strategies adopted by these key players to enhance their positions in the pet food packaging industry.

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Amcor Plc (Australia) primarily focuses on innovation in terms of technology has helped it to establish a leadership position. It offers innovative solutions, along with creating a strong customer base across the globe. Innovation leadership, excellence in manufacturing, and a broad range of technologies are the key strengths of the company. The company caters to the food, healthcare, beverage, home, tobacco, and personal care industries through its broad range of flexible and rigid packaging products. Amcor is currently focusing on reducing the carbon footprint by making the packaging material lighter, increasing the recycling rate of raw materials, developing efficient transport creating packaging material sustainable to heat treatment.

Mondi plc (South Africa) is expanding its presence around the globe through the acquisition of companies that are engaged in the packaging business. The company is expanding its customer base in various regions by offering an attractive product portfolio for Pet food packaging. The company is globally focusing on broadening its reach in the consumer packaging sector through strategic acquisitions, extending its regional footprint, and capital investments. Sustainable and inherent cost advantages, high returns on capital employed, and innovation are the key competitive advantage gained by the company has a strong foothold across the globe with around 100 manufacturing sites and conducts its operations in over 30 countries worldwide.

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