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The global pet food packaging market is projected to record a CAGR of 7.34% during the forecast period, 2021-2028
The rising demand for pet food and the branding & premiumization of pet foods are the major growth drivers. MARKET INSIGHTS Packaging plays an essential role in the pet food industry’s growth, particularly premium products.
New York, Nov. 30, 2021 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "GLOBAL PET FOOD PACKAGING MARKET FORECAST 2021-2028" - https://www.reportlinker.com/p06187338/?utm_source=GNW
The container or bag facilitates sustainable options and personalized pet diets and ingredients for dog and cat owners.
There is a growing demand for pet food, attributed to the increasing pet ownership.For instance, in Europe, pet ownership grew to ~88 million in 2020 from ~70 million in 2010.
In regions like Asia-Pacific, the growing disposable income and the rising nuclear families contribute to pet ownership.
Also, pet food packaging has a high correlation with the branding and sales of pet foods.Companies are offering innovative designs and packaging to gain brand recognition.
Besides, packaging hugely impacts consumer perception.Moreover, the increasing humanization of pets is set to influence the marketing and sales of pet foods.
However, the growth of the global pet food packaging market is hindered by volatile raw material prices and food safety regulations.
REGIONAL INSIGHTS
The global pet food packaging market growth analysis includes the geographical assessment of North America, Europe, Asia-Pacific, and Rest of World. Asia-Pacific is the fastest-growing region in the global market, accredited to the growing investments and rapid urbanization.
COMPETITIVE INSIGHTS
The market players sustain the competitive market through innovations and product differentiation due to the specification of the packaging material differing in plastic packaging. Constantia Flexibles, Amcor Plc, American Packaging Corporation, Berry Global Group Inc, etc., are among the leading companies in the market.
Our report offerings include:
• Explore key findings of the overall market
• Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
• Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
• Market Segmentation cater to a thorough assessment of key segments with their market estimations
• Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
• Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
• Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
• Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments
Companies mentioned
1. AMCOR PLC
2. AMERICAN PACKAGING CORPORATION
3. APTAR GROUP INC
4. ARDAGH GROUP SA
5. BERRY GLOBAL GROUP INC
6. CONSTANTIA FLEXIBLES
7. COVERIS HOLDINGS SA
8. CROWN HOLDINGS
9. GOGLIO SPA
10. HUHTAMAKI OYJ
11. MONDI PLC
12. PRINTPACK INC
13. PROAMPAC HOLDINGS INC
14. SILGAN HOLDINGS INC
15. SONOCO PRODUCTS COMPANY
16. TRANSCONTINENTAL INC
17. WINPAK LTD
Read the full report: https://www.reportlinker.com/p06187338/?utm_source=GNW
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