Pet Packaging Market Size to Worth Around US$ 104.1 Mn by 2031 | Amcor Ltd, Resilux NV, Gerresheimer AG

Market Overview:

The global PET packaging market was valued at US$ 61.9 Mn in 2023 exhibiting a CAGR of 7.7% in terms of revenue, over the forecast period (2023 to 2030) to reach US$ 104.1 Mn by 2030.

Market Dynamics:

Rising pet adoption especially in developed countries is driving the demand for pet foods and other pet care products, fueling the growth of the pet packaging market. According to the American Pet Products Association, around 70 million American homes own at least one pet. The growing humanization of pets is also encouraging pet owners to spend more on premium pet foods and snacks packaged in innovative, sustainable and aesthetically appealing packaging solutions. Additionally, increasing disposable incomes in developing regions is enabling more people to own pets, thus propelling the pet packaging market growth during the forecast period.

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Rising Pet Ownership is Driving Growth in Pet Packaging Market

As pet ownership grows, so does the need for convenient and sustainable pet packaging solutions. Statistics show that over the last two decades, pet ownership has increased substantially in many countries around the world. In the US alone, pet industry revenue grew from $17 billion in 1994 to over $72 billion in 2019. With more people owning pets, the demand for various pet supplies including specialized food, treats, toys and healthcare products has risen significantly. This increase in pet humanization and the trend of treating pets as family members is a key driver fueling the pet packaging industry. Packaging companies are leveraging this opportunity by developing innovative and eco-friendly solutions for a variety of pet products to attract more customers.

Personalized and Premium Packaging is an Emerging Trend in Pet Packaging Market

Just as in the human food and beverage categories, customized and premium packaging solutions are gaining popularity in pet care as well. Pet owners increasingly want unique, fun and high-quality presentations for their pet's nutrients, snacks and gifts. Companies are responding to this demand by offering personalized options with customized graphics, messages and colors printed on packages. Some provide decorative tins, boxes and bags made of premium materials like glass, metal and natural fibers. Growing demand for human-grade, all-natural and fresh pet foods have also fueled the need for innovative packaging formats that communicate quality and appeal to human sensibilities. As pet humanization rises further, specialized and premium packaging tailored to individual pets and owners is expected to be a prominent trend shaping the future of this industry.

Expanding E-commerce Channels Present an Opportunity for Pet Packaging Market

The rapid growth of e-commerce has opened new opportunities for pet product sales and corresponding packaging needs. More pet owners are shopping online due to convenience as well as access to a wider selection of specialized items. This presents packaging manufacturers an opportunity to provide e-commerce friendly solutions optimized for shipping, display, durability and easy online purchase. Packaging that enhances the online customer experience through storytelling, interactive elements or videos can boost sales conversion rates. Multi-packs and subscription offerings tailored for bundled delivery also allow capturing multiple sales through a single package. With the online pet market expected to continue outpacing brick-and-mortar stores, innovative and interactive e-commerce packaging formats hold significant potential to help companies tap into this growing sales channel.

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Top Companies Featured in This Report:

★ Amcor Ltd
★ Resilux NV
★ Gerresheimer AG
★ Berry Global Group Inc.
★ Silgan Holdings Inc.
★ Graham Packaging Company
★ GTX Hanex Plastic Sp. z o.o.
★ Dunmore Corporation
★ Comar LLC
★ Sonoco Products Company
★ Huhtamaki OYJ
★ Nampak Limited

Market Segmentation:

By Product Type:

★ By Product Type: Bottles and Jars, Bags and Pouches, Trays Lids And Caps, Closures, Other
★ By Packaging: Rigid, Flexible
★ By End-User Industry: Oil and Gas, Food and Beverage, Pharmaceuticals, Personal care and cosmetic industry, Industrial goods, Household Products, Other

Key Regions/Countries Classified as Follows:

» North America (U.S., Canada, Mexico)
» Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
» Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
» South America (Brazil, Argentina, Rest of SA)
» Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)

Key Inquiries Addressed in this Report include:

📈 What was the size of the Pet Packaging Market in 2024, and what is the projected value by 2031?

📈 What is the present global market landscape for the Pet Packaging Market?

📈 What strategies offer optimal opportunities for growth maximization in the business?

📈 What recent trends are shaping the Pet Packaging Market?

📈 How does the market share of Pet Packaging Market revenue, sales, and size vary across specific geographical regions?

📈 Who are the prominent industry players in the Pet Packaging Market?

📈 Which segment of the Pet Packaging Market is experiencing heightened demand?

The report also delves into the competitive landscape, key players, trade patterns, industry value chain, recent news, policies, and regulations. Should you have any inquiries or require customization options, please don't hesitate to contact us.

In summary, whether you're engaged in manufacturing, distribution, or investment within the Pet Packaging sector, this report furnishes invaluable insights into market segments, drivers, challenges, investment prospects, regional dynamics, major players, growth strategies, prevailing trends, and hurdles influencing the industry's expansion.

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Author Bio:

Priya Pandey is a dynamic and passionate editor with over three years of expertise in content editing and proofreading. Holding a bachelor's degree in biotechnology, Priya has a knack for making the content engaging. Her diverse portfolio includes editing documents across different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. Priya's meticulous attention to detail and commitment to excellence make her an invaluable asset in the world of content creation and refinement.

(LinkedIn- https://www.linkedin.com/in/priya-pandey-8417a8173/)

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