Press release
Flexible Pet Care Packaging Market Drivers, Demand, Insights 2024-2033
Flexible Pet Care Packaging Market
Flexible Pet Care Packaging Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $13 billion In 2028 At A CAGR Of 9.3%.
The flexible pet care packaging market size has grown strongly in recent years. It will grow from $8.39 billion in 2023 to $9.12 billion in 2024 at a compound annual growth rate (CAGR) of 8.6%. The growth in the historic period can be attributed to consumer convenience, product differentiation, sustainability concerns, portability and lightweight packaging, resealable features, safety and tamper-resistance..
The flexible pet care packaging market size is expected to see strong growth in the next few years. It will grow to $13 billion in 2028 at a compound annual growth rate (CAGR) of 9.3%. The growth in the forecast period can be attributed to rise in premium pet products, preference for sustainable materials, focus on recyclability, hygiene and freshness preservation, interactive packaging experiences.. Major trends in the forecast period include innovative packaging designs, customization and personalization, digital printing, transparency in labeling, collaborations for innovation, online subscription services, e-commerce packaging solutions..
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Flexible Pet Care Packaging Market Major Segments
The flexible pet care packaging market covered in this report is segmented -
1) By Packaging: Cans, Bags and Pouches, Folding Cartons, Tubes, Blister Packs, Plastic Bottles and Jars
2) By Material: Plastic, Paper and Paperboard, Metal, Other Packaging Materials
3) By Application: Dry Food, Wet Food, Frozen
4) By End Use: Cats, Dogs, Birds, Other End Uses
Key Driver - Flexible Pet Care Packaging Market Thrives On The Surge In Pet Ownership
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. Therefore, the rising pet ownership in flexible pet care packaging is expected to drive the growth of the flexible pet care packaging market.
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Prominent Trend - Advancing Sustainable Solutions In Flexible Pet Care Packaging
Product innovation is the key trend gaining popularity in the flexible pet care packaging market. Major players operating in the flexible pet care packaging market are focused on developing new and innovative products to strengthen their market position. For instance, in December 2021, Saudi Basic Industries Corporation, a Saudi Arabia-based chemical manufacturing company, Mars Petcare, a US-based manufacturer of confectionery, pet food, and other food products and a provider of animal care services and Huhtamaki, a Finland-based consumer packaging company collaborated and launched TRUCIRCLE, a pet food packaging using certified circular polypropylene (PP). The partners' efforts to foster a circular economy by utilizing cutting-edge recycled content in pet food packaging are continued with the introduction of the new wet pet food retort pouch solution.
Flexible Pet Care Packaging Market Players
Major companies operating in the flexible pet care packaging market report 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, Kendall Packaging Corporation, Formell Industries Inc., Ball Corporation, Bemis Company Inc., Berry Plastics Corporation, Gateway Packaging Pty Ltd., Graphic Packaging Holding Company, Greif Inc., Printpack Inc., WestRock Company, American Packaging Corporation, Silgan Holdings Inc., Berlin Packaging LLC, Interflex Group Inc., Reynolds Group Holdings Limited, TCL Packaging Ltd., The InterFlex Group Inc., NNZ Group B.V., Huhtamaki OYJ, Winpak Ltd., Sealed Air Corporation, Smurfit Kappa Group, DS Smith plc, Scholle Ipn Corporation, Glenroy Inc., Uflex Ltd., Wipak Group, Flextrus AB .
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Largest And Fastest Growing Region In The Market
North America was the largest region in the flexible pet care packaging market in 2023. Asia-Pacific is expected to be the fastest-growing region in the flexible pet care packaging market report during the forecast period. The regions covered in the flexible pet care packaging market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Flexible Pet Care Packaging Market Report Structure
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 Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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