The global pet food packaging market size is projected to reach USD 16.50 billion by 2025, expanding at a CAGR of 5.4%, according to a new report by Grand View Research, Inc. Pet food packaging is becoming increasingly popular among pet food manufacturing companies focusing on capturing brand loyalty.
The industry has evolved over the years
with both international and domestic packaging suppliers looking to offer
scientifically advanced and developed materials/ products to their clients. The
upshot of offering packaging solutions, however, remains to protect the aroma,
freshness, flavor, and shape of packaged products.
The industry is likely to witness high
penetration in the cat food packaging space. The number of cat owners across
the globe has considerably risen over the years. This, in turn, has been
fueling the demand for effective packaging products, most notably in the wet
cat food segment. Despite the dominance of the dog food packaging segment in
the overall market, the cat (animal type) segment is expected to witness high
growth in North America and Europe over the forecast period.
For sample report please visit @:- https://www.grandviewresearch.com/industry-analysis/pet-food-packaging-market
Rising popularity of super-premium packaging
and increasing export of pet food products are some of the key driving factors
in the industry. The demand for super-premium packaging is attributable to the
focus of pet food brands on product differentiation. Super-premium food is
being increasingly preferred by consumers across the globe owing to rising
awareness regarding the health of pets.
Bags & pouches is likely to exhibit
robust growth over the forecast period. These products are being increasingly
preferred for their ease of use and functionality. From a manufacturing and
marketing standpoint, these products, specifically stand-up pouches, enhance
the appeal of products at retail shelves in comparison with their metal-based
counterparts. The production of bags & pouches also helps manufacturers
achieve economies of scale.
North America dominated the industry in
2018 with a share of over 37%. This region is forecast to retain its pole
position throughout the forecast period. The U.S. was observed to be the
largest market for pet food packaging in this region. The presence of various
internationally reputed packaging suppliers has further strengthened the North
American market.
Further key findings
from the report suggest:
·
In terms of material, plastic segment is
expected to grow at the fastest rate over the forecast period owing to rising
popularity of pouches and bags in the pet food industry
·
Cans emerged as the largest type segment in
2018. Cans are predominantly used to package cat food products
·
In terms of animal type, the cat segment is
grow at the fastest CAGR of 5.7% over the forecast period. Rising adoption of
cats in countries such as Japan is expected to boost the demand for cat food
packaging in the foreseeable future
·
North America is expected to retain its
pole position in the industry throughout the forecast period. The presence of
prominent manufacturers in this region is likely to strengthen the position of
the North American pet food packaging market
·
Research & development activities are
likely to surface in the industry over the forecast period with prominent
market players keen on global expansion
·
The competitive landscape of the industry
represents intense rivalry among domestic and international players. Product
differentiation is expected to remain one of the key strategies among these
players over the forecast period
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