The Pet Food Packaging Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Pet Food Packaging Global Market Report 2024, The pet food packaging market size has grown strongly in recent years. It will grow from $11.07 billion in 2023 to $11.81 billion in 2024 at a compound annual growth rate (CAGR) of 6.7%. The growth in the historic period can be attributed to expansion in pet population, rise in demand for convenience high-quality food products, surge in urban population, upsurge in disposable income of pet owners, demand for simplicity and convenience in packaging.
The pet food packaging market size is expected to see strong growth in the next few years. It will grow to $14.74 billion in 2028 at a compound annual growth rate (CAGR) of 5.7%. The growth in the forecast period can be attributed to increase in pet food production, increasing use of biodegradable materials, growth in e-commerce for pet products, increase in consumption of processed and packaged food for animals, multi-functionality of pet food packaging. Major trends in the forecast period include innovation in pet food products, advanced packaging features, increasing focus on innovative packaging options for a competitive edge, mergers and acquisition.
The increasing adoption of pets is expected to propel the growth of the pet food packaging market going forward. The adoption of pets refers to the act of taking in an animal as a companion, giving it a permanent home, and caring for it throughout its life. Pets have specific nutritional requirements, and pet food packaging ensures that the food remains fresh, uncontaminated, and retains its nutritional value until it reaches the consumer. For instance, in October 2022, according to a report published by the American Veterinary Medical Association, a US-based non-profit organization, there was a 29% increase in the proportion of families with at least one cat. Further, in 2022, the average yearly cost of veterinary visits for households with cats was $321. Therefore, the increasing adoption of pets is driving the growth of the pet food packaging market.
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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
Major companies operating in the pet food packaging market are developing innovative packaging options, such as recyclable packaging, to gain a competitive edge in the market. Recyclable packaging refers to any variety of packaging that is reusable and biodegradable. For instance, in October 2022, Dow Packaging & Specialty Plastics, a US-based plastic manufacturing company, launched the next generation of recyclable packaging. The large pet food bags are constructed of MDO-PE film, with only polyethylene used in each structural layer (apart from a tiny layer of EVOH for the barrier). It is tailored to minimize material waste during production and is constructed using premium resin and the most recent W&H VAREX II machine extrusion technology with inline MDO. It is the next generation of recyclable packaging that will promote increased recycling rates and make the circular economy of plastics possible.
The pet food packaging market report table of contents includes:
- Executive Summary
- Pet Food Packaging Market Characteristics
- Pet Food Packaging Market Trends And Strategies
- Pet Food Packaging Market - Macro Economic Scenario
- Global Pet Food Packaging Market Size and Growth
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- Global Pet Food Packaging Market Competitive Benchmarking
- Global Pet Food Packaging Market Competitive Dashboard
- Key Mergers And Acquisitions In The Pet Food Packaging Market
- Pet Food Packaging Market Future Outlook and Potential Analysis
- Appendix
Top Major Players:
- Dow Inc
- Amcor Limited
- Berry Global Group Inc
- Smurfit Kappa Group
- Mondi Group
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