The increase in demand and access to high quality food products, the increasing adoption of pets in urban areas, and the multiple functions of pet food packaging products are driving the growth of the global pet food packaging market.
Portland, ore.And the June 21 2022 /PRNewswire/ – Allied Market Research has published a report titled, Pet Food Packaging Market by Material Type (Paper, Paperboard, Plastic, Metal), by Food Type (Dry Food, Wet Food, etc.), by Animal Type (dogs, cats, etc.): Global Opportunity Analysis and Industry Forecast, 2020-2030. According to the report, the global pet food packaging industry . has been created $9.4 billion In 2020, it is expected to reach $16.6 billion By 2030, we could see a compound annual growth rate of 5.7% from 2021 to 2030.
Drivers, limitations and opportunities
The increase in demand and access to high quality food products, the increasing adoption of pets in urban areas, and the multiple functions of pet food packaging products are driving the growth of the global pet food packaging market. However, strict government regulations restrict market growth. On the other hand, the launch of new products that will help pet food to be stored for a long time and maintain sustainability offers new opportunities in the coming years.
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- During the Covid-19 pandemic, the production of packaging materials has been completely or partially halted due to the lockdown measures implemented in many countries. Moreover, disruptions in the supply chain and shortage of raw materials posed challenges in production facilities.
- The demand for pet food packaging has declined significantly as pet food production activities have faced hurdles due to facility closures and other issues. However, the demand for packaging increased steadily after the shutdown.
Paper and paperboard sector to continue its leading position throughout the forecast period
Based on material type, the paper and paperboard segment held the largest market share in 2020, contributing nearly half of the global pet food packaging market, and is expected to continue its leadership position throughout the forecast period. This is due to the increased use of this material in the packaging industry due to the environmental benefits. However, the plastics sector is estimated to experience the largest compound annual growth rate of 6.4% from 2021 to 2030, due to the increased use of single-use plastic bags in pet food packaging.
Dry food sector to maintain its leading position during the forecast period
Based on food type, the dry food segment captured the highest market share in terms of revenue in 2020, accounting for nearly half of the global pet food packaging market, and is expected to maintain its leadership position during the forecast period. Moreover, this segment is expected to register the fastest compound annual growth rate of 6.2% from 2021 to 2030. This is attributed to the popularity among pet owners, longevity, great taste and superior quality. The report also analyzes sectors including wet foods and others.
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North Amarica To maintain its dominance in terms of revenue by 2030
based on the area, North Amarica Contributed to the highest market share in terms of revenue in 2020, accounting for nearly half of the global autonomous robotics market, and is expected to maintain its dominance in terms of revenue by 2030. This is due to the convenience offered by innovative slider packaging Sealing, bag packing and pet food processing. but, Asia Pacific It is estimated to show the largest compound annual growth rate of 6.9% during the forecast period, due to awareness of hazardous packaging products and a focus on animal health.
Leading market players
- Mundi group
- Sonoco . products
- berry plastic
- Amcor Ltd.
- American Packaging Company
- Ampak Packaging
- ball company
- Bemis company
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