Pet Food Packaging Market Size, Share, Market Growth Trends, Business Opportunities, And Forecast To 2033

The Business Research Company has released its latest global market reports, covering insights for 2024 and offering projections up to 2033.

The Business Research Company presents an extensive market research report on the Pet Food Packaging Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.

Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.

Market Sizing:
The pet food packaging market size has grown strongly in recent years. It will grow from $11.07 billion in 2023 to $11.81 billion in 2024 at a compound annual growth rate (CAGR) of 6.7%. The growth in the historic period can be attributed to expansion in pet population, rise in demand for convenience high-quality food products, surge in urban population, upsurge in disposable income of pet owners, demand for simplicity and convenience in packaging.

The pet food packaging market size is expected to see strong growth in the next few years. It will grow to $14.74 billion in 2028 at a compound annual growth rate (CAGR) of 5.7%. The growth in the forecast period can be attributed to increase in pet food production, increasing use of biodegradable materials, growth in e-commerce for pet products, increase in consumption of processed and packaged food for animals, multi-functionality of pet food packaging. Major trends in the forecast period include innovation in pet food products, advanced packaging features, increasing focus on innovative packaging options for a competitive edge, mergers and acquisition.

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Key Market Players:
Major companies operating in the pet food packaging market report are Dow Inc., Amcor Limited, Berry Global Group Inc., Smurfit Kappa Group, Mondi Group, Sonoco Products Company, Silgan Holdings Inc., Greif Inc., Huhtamaki Group, Constantia Flexibles Group GmbH, Winpak Ltd., Coveris Holdings S.A., Schur Flexibles Group, Bemis Company Inc., ProAmpac Holdings Inc., PaperWorks Industries, Inc., Hood Packaging Corporation, American Packaging Corporation, ePac Flexible Packaging, Glenroy Inc., InterFlex Group Inc., Flair Flexible Packaging Corporation, Mid South Packaging Inc., PBFY Flexible Packaging, Star Packaging Corporation

Market Drivers:
The increasing adoption of pets is expected to propel the growth of the pet food packaging market going forward. The adoption of pets refers to the act of taking in an animal as a companion, giving it a permanent home, and caring for it throughout its life. Pets have specific nutritional requirements, and pet food packaging ensures that the food remains fresh, uncontaminated, and retains its nutritional value until it reaches the consumer. For instance, in October 2022, according to a report published by the American Veterinary Medical Association, a US-based non-profit organization, there was a 29% increase in the proportion of families with at least one cat. Further, in 2022, the average yearly cost of veterinary visits for households with cats was $321. Therefore, the increasing adoption of pets is driving the growth of the pet food packaging market.

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https://www.thebusinessresearchcompany.com/report/pet-food-packaging-global-market-report

The pet food packaging market covered in this report is segmented -
1) By Product: Pouches, Folding Cartons, Metal Cans, Bags
2) By Material Type: Paper And Paperboard, Plastic, Metal
3) By Food Type: Dry Food, Wet Food, Other Food Types
4) By Animal Type: Dogs, Cats, Other Animal Types

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