openPR Logo
Press release

Pet Food Packaging Market Driven by Rising Spending Power of Modern Pet Owners

11-30-2017 01:09 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Transparency Market Research

/ PR Agency: Transparency Market Research
The global pet food packaging market is set to exhibit steady progress in the coming years due to the steady growth of the pet care sector in developed economies and the growing disposable income of pet owners. Pet food packaging has also become important for pet food manufacturers for branding purposes, making it likely to receive significant investment from key players in the pet food market in the coming years. The global pet food packaging market is set to be driven primarily by demand from developed regions in the coming years, though emerging countries such as Japan, China, Indonesia, India, Taiwan, Korea, and Australia could also make major contributions to the global pet food packaging market.

The global pet food packaging market is likely to be valued at US$8.3 bn by the end of 2017. The market is likely to exhibit a 5.2% CAGR from 2017 to 2022, enabling a strong rise to US$10.7 bn by 2022.

Get an exclusive sample of this report @
https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=4961

Here are the key insights into the global pet food packaging market’s growth prospects in the coming years:

Rising demand for pet ownership in developed countries such as the U.S., Canada, the U.K., France, and Germany is likely to remain the leading driver for the global pet food packaging market in the coming years. Pet owners in developed countries are more aware about pet food quality and its impact on pet health, as well as being more affluent and able to purchase a wider variety of premium pet food. Developed regions such as North America and Europe are thus likely to remain the key geographical segments for the global pet food packaging market in the coming years, with the North America pet food packaging market likely to reach a valuation of US$3,472.5 mn by 2022 and the Europe market expected to rise to US$2,877.5 mn. The North America pet food packaging market was valued at US$2,688.9 mn in 2017, and is expected to exhibit a strong 5.2% CAGR over the 2017-2022 forecast period.

However, developing regions such as Asia Pacific except Japan are likely to emerge as promising contributors to the global pet food packaging market in the coming years due to the growing preference for pet ownership in urban centers in the region. The growing affluence of customers in Southeast Asia and Australia has also helped the pet food packaging market in the region. The APEJ market for pet food packaging market is set to exhibit the highest 6.2% CAGR over the 2017-2022 forecast period to emerge with a valuation of US$1,974 mn by 2022.

The growing diversity in the pet food market is one of the key drivers for the global pet food packaging market. Due to growing research in pet nutrition and pet care, pet food manufacturers are coming up with a number of options for customers willing to spend extra to ensure better food for their pet. The rising demand for frozen pet food is likely to remain a significant factor for the global pet food packaging market in the coming years, as the convenience presented by frozen food to pet owners is likely to make it a significant part of the commercial dynamics of the pet food packaging market in the coming years.

Browse Research Report @
https://www.transparencymarketresearch.com/pet-food-packaging-market.html

Competitive Dynamics

Leading players in the global pet food packaging market include Amcor Ltd., Sealed Air Corp., Berry Global Group Inc., DS Smith Plc, Ball Corporation, Packaging Corp. of America, Crown Holdings Inc., Smurfit Kappa Group Plc, Ardagh Group SA, Mondi Ltd., Bemis Co. Inc., and Georgia-Pacific LLC.

About TMR

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

Contact TMR

90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Pet Food Packaging Market Driven by Rising Spending Power of Modern Pet Owners here

News-ID: 839810 • Views: 86

More Releases from Transparency Market Research

Water Purifier Market - Competitive Dynamics, Trends, Forecast 2027
Transparency Market Research delivers key insights on the global water purifier market. In terms of revenue, the global water purifier market is estimated to expand at a CAGR of ~ 9% during the forecast period, owing to numerous factors, regarding which, TMR offers thorough insights and forecasts in the water purifier market report. Browse Report Details: https://www.transparencymarketresearch.com/water-purifier-market-2017-2025.html Water purifiers help in removing bacterial contaminants and viruses from water and make it safe
Sheet Face Masks Market Leading Vendors: Sephora Inc. Boss Biological Technique …
The Sheet face masks market promises robust growth during 2018-2026, thanks to rising demand for sheet face mask products. Growing demand for personal hygiene products, and beautification products are expected to drive significant growth. The rising demand for natural ingredients in sheet face masks products is expected to emerge as the largest trend in the market. Browse Report Details: https://www.transparencymarketresearch.com/sheet-face-masks-market.html Sheet face masks are often associated with a certain prestige and rejuvenating
Global Nail Care Market to Reach US$ 20,940.2 Mn by 2027
According to a new research report published by Transparency Market Research titled ‘Nail Care Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2027,’ the global nail care market is expected to reach a value of US$ 20,940.2 Mn by 2027, expanding at a CAGR of 8.4% from 2019 to 2027. In terms of volume, the market is expected to reach 1,494.2 Mn units by 2027, expanding at
Industrial Dispensing System and Equipment Market to Reach ~ US$ 16.7 Bn by 2027
Transparency Market Research delivers key insights on the global industrial dispensing system and equipment market. In terms of revenue, the global industrial dispensing system and equipment market is estimated to expand at a CAGR of ~ 6% during the forecast period, owing to numerous factors, regarding which, TMR offers thorough insights and forecasts in the industrial dispensing system and equipment market report. Browse Report Details: https://www.transparencymarketresearch.com/industrial-dispensing-system-equipment-market.html Industrial dispensing systems and equipment are

All 5 Releases


More Releases for TMR

TMR Research
Global 3D Animation Market: Snapshot The evolution and introduction of three-dimensional (3D) animation has given the world of animation a new perspective. The process of creating 3D moving images in a digital space through objects or models has given these illusions depth. One of the most fundamental differences between 2D animation and 3D animation is the technique used for creating the images and the way they look. The global 3D animation
TMR
Various strategies are leveraged by success-hungry players in the global hyperbaric oxygen therapy devices market. One of them is the thrust on research and development to come up with new or better products. Their focus is on building cost-effective medical devices that would see greater uptake. Strategic partnerships are also being undertaken by them to diversify product portfolios and gain greater share. Further, companies are shifting their gaze to developing
Monolithic Ceramics Market Analysis : TMR
Transparency Market Research has published a new market report titled “Monolithic Ceramics Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023.” According to the report, the global monolithic ceramics market was valued at US$ 19.43 Bn in 2014 and is anticipated to reach US$ 36.64 Bn by 2023, expanding at a CAGR of 7.3% between 2015 and 2023. Request to view Sample Report: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=3158 Monolithic ceramics are
TMR - 3D Printing Materials Market by 2020
The global 3D printing materials market will exhibit a CAGR of 18.0% between 2014 and 2020. The market was valued at US$450 mn in 2013 and is expected to reach US$1.4 bn by the end of 2020, according to a research report released by Transparency Market Research. The report titled “3D Printing Materials - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020” is available for sale
Wax Market Analysis : TMR
A recent research report published by Transparency Market Research projects the global wax market to expand at a CAGR of 2.6% during the period between 2014 and 2020. The report, titled “Wax Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020,” estimates the global wax market to be worth US$8.98 bn by 2020. The overall market stood at a valuation of US$8.21 bn in 2013
Sulfone Polymers Market Analysis : TMR
Global Sulfone Polymers Market: Snapshot Several grades/varieties of sulfone polymers have gained vast applicability across a number of industries in the past few years. The relatively higher level of resistance wear and corrosion provided by these materials as compared to metals have increased their usage in medical devices and implants. Owing to their high transparency resistance, low weight, and high performance, the demand for sulfone polymers is also rising in the