Global Pet Care Packaging Market Set for Robust Growth: Projected to Hit USD 15.7 Billion by 2033 | FMI

The pet care packaging market is expected to continue its upward trajectory with a Compound Annual Growth Rate (CAGR) of 4% during the forecast period. In 2023, the market is projected to reach a valuation of USD 10.6 billion, further expanding to USD 15.7 billion by 2033.

The global demand for pet care packaging solutions is increasing with the greater adoption of pet animals by older age people. The need for single-serve and small-sized pet care products has also increased considerably recently as a result of the growing trend of ready-to-eat pet foods.

Enforcement of domestic rules regarding stringent pet food quality and safety regulations is expected to hinder market trends and opportunities. Shortage of raw materials and fluctuation in their prices is a key challenges faced by paper & paper board packaging materials market suppliers.

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Despite such challenges, the global demand for pet care packaging solutions is anticipated to increase because of the growing knowledge of maintaining a pet's health. Moreover, owing to the rise in pet lovers globally pet care products are gaining traction in recent years.

Key Takeaways from the Pet Care Packaging Market Study Report

• The United States is the leading contributor to the total revenue generated by the pet care packaging market players globally.
• Germany is the leading producer and supplier of pet care packaging solutions for European countries and follows the United States in revenue generation.
• Meanwhile, the demand for pet care packaging products is growing at a higher rate in the United Kingdom.
• The Asia Pacific countries are also predicted to witness some promising growth rates during the years 2023 to 2033. Particularly, the countries like China and India are projected to emerge as remarkable markets for sales of pet care packages during this period.
• Based on the type of packaging, the cans and bags market segment holds a massive revenue share.

Competitive Landscape

The key players are continuously on their toes due to the market being on a demanding spree.

• Huhtamaki inaugurates its state-of-the-art, new-fangled flexible packaging plant in the country of Egypt. The initiative has facilitated the production of flexible packaging products all over Africa.
• C&D Foods, in May 2021, entered into a partnership with ProAmpac for outsourcing pet food packaging activities.
• ProAmpac, in March 2021, announced the acquisition of Brayford Plastics Ltd. and IG Industries Plc that do produce recyclable packaging products.
• Mondi, in January 2021, announced the launch of two new-fangled paper-based bags for Germany-based Interquell, thereby rendering sustainability benefits and consumer convenience.

Key Players

• Amcor Plc
• Aptar Group Inc.
• Ardagh Group S.A.
• Coveris Holdings S.A.
• Crown Holdings Inc.
• Constantia Flexibles Group GmbH
• KapStone Paper and Packaging Corporation
• Kendall Packaging Corporation
• Formell Industries Inc.
• Mondi Group Plc
• ProAmpac LLC
• WestRock Company
• Sonoco Products Co
• Silgan Holdings Inc.
• TCL Packaging Ltd.
• NNZ Group
• The InterFlex Group Inc.
• Berry Global Inc.

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Key Segments Covered in the Industry

Industry Segment by Material Type:

• Pet Care Packaging in Plastic Material
• Pet Care Packaging in Paper & Paperboard Material
• Pet Care Packaging in Metal Material
• Pet Care Packaging in Other Packaging Material

Industry Segment by Packaging Type:

• Pet Care Packaging in Cans
• Pet Care Packaging in Bags & Pouches
• Pet Care Packaging in Folding Cartons
• Pet Care Packaging in Tubes
• Pet Care Packaging in Blister Packs
• Pet Care Packaging in Plastic Bottles & Jars
• Pet Care Packaging in Other Types (Tubes, Cups, etc.)

Industry Segment by Application:

• Dry Pet Food Packaging
• Wet Pet Food Packaging
• Frozen Pet Food Packaging

By End Use:

• Pet Food for Cats
• Pet Food for Dogs
• Pet Food for Birds
• Pet Food for Other Animals

Industry Segment by Region:

• North America Market
• Latin America Market
• Europe Market
• East Asia Market
• South Asia P Market
• Oceania Market
• The Middle East & Africa (MEA) Market

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This release was published on openPR.