Press release
Pet Food Packaging Market Poised for 5.3 % Growth, Set to Hit $6.62 Billion by 2029
How Is the Pet Food Packaging Market Projected to Grow, and What Is Its Market Size?The pet food packaging market has seen strong growth in recent years. It will expand from $11.81 billion in 2024 to $12.6 billion in 2025, at a CAGR of 6.7%. The growth is driven by the increasing pet population, rising demand for convenient and high-quality food products, the urban population growth, higher disposable incomes among pet owners, and the desire for simpler packaging solutions.
The pet food packaging market is anticipated to grow strongly in the coming years, reaching $15.52 billion by 2029 at a CAGR of 5.3%. The growth is attributed to increased pet food production, use of biodegradable materials, e-commerce expansion for pet products, and a rise in processed and packaged food for pets. Trends include innovations in pet food products, advanced packaging features, the increasing need for competitive packaging, and mergers and acquisitions in the sector.
What Are the Key Drivers Behind the Growth of the Pet Food Packaging Market?
The surge in pet adoption is projected to fuel the growth of the pet food packaging market. Pet adoption refers to taking in an animal as a companion, providing it with a permanent home, and caring for it throughout its life. Pets have distinct nutritional needs, and pet food packaging plays a crucial role in preserving freshness, preventing contamination, and maintaining nutritional value until it reaches consumers. For instance, in October 2022, a report by the American Veterinary Medical Association, a US-based non-profit organization, indicated a 29% rise in households owning at least one cat. Additionally, in 2022, the average annual cost of veterinary visits for households with cats was $321. Therefore, the increasing adoption of pets is propelling the expansion of the pet food packaging market.
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Who Are the Major Industry Players Fueling Pet Food Packaging Market Expansion?
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
Which Key Developments Are Influencing the Pet Food Packaging Market?
Major companies in the pet food packaging market are developing innovative, eco-friendly packaging solutions, such as recyclable packaging, to gain a competitive advantage. Recyclable packaging consists of materials that can be reused and decomposed sustainably. For instance, in October 2022, Dow Packaging & Specialty Plastics, a US-based plastic manufacturing firm, introduced the next generation of recyclable pet food packaging. These large pet food bags are made from MDO-PE film, utilizing only polyethylene layers (except for a small EVOH barrier layer). Designed to minimize material waste, these packages incorporate high-quality resin and cutting-edge extrusion technology to support a circular plastics economy and improve recycling rates.
How Is the Segmentation of the Pet Food Packaging Market Defined?
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
Subsegments:
1) By Pouches: Stand-Up Pouches, Flat Pouches, Ziplock Pouches
2) By Folding Cartons: Regular Slotted Containers (RSC), Die-Cut Cartons, Window Cartons
3) By Metal Cans: Tinned Cans, Aluminum Cans, Steel Cans
4) By Bags: Plastic Bags, Paper Bags, Biodegradable Bags
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What Is the Leading Region in the Pet Food Packaging Market?
North America was the largest region in the pet food packaging market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the pet food packaging market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Pet Food Packaging Global Market Report?
- Market Size Analysis: Analyze the Pet Food Packaging Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Pet Food Packaging Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Pet Food Packaging Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Pet Food Packaging Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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