United States dominates the global pet food packaging market
Pet Food Packaging Market was worth USD XX billion in 2017 and is estimated to grow at a CAGR of approximately XX to reach USD XX billion by 2025. Pet food packaging is one of the major markets in the developed nations like the United States of America. It is essential to take care that the packaging should be easy to carry and ensure the quality of the pet food. Cats and dogs are the most commonly used pets around the world and occupy almost more than three-fourths of the total pet food market.
Plastic is the most preferred material in the pet food packaging and accounted for almost 41% of the global market share due to its large-scale availability across the globe. The increasing adoption of pets and growing interest in animal health among the consumers is driving the global pet food packaging market.
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Several factors like the increasing demand for branded pet products, raise in the single parents, growing annual disposable income of the population, increasing online sales of the animal food products, need for easy to use small packings, growth in the expenditure of pet food, innovations in the animal feed, and others are promoting the global markets for pet food packaging. Additionally, the government regulations on labelling the animal food products are also supporting the rapid expansion of the market.
Pet Food Packaging Market Geographical Analysis:
Based on geography, North America leads the Pet Food Packaging Market and contributes almost 40% of the total market revenue. The increasing pet adoption in the United States, rising annual incomes of the people and the government supportive regulations are favouring the market growth in North America, which is followed by Europe and the Asia Pacific. The Asia Pacific is expected to register the highest growth rate during the forecast period with the increasing interests of the people in pet care.
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Pet Food Packaging Market Leading Players:
The major contributors to the Pet Food Packaging Markets are Amcor Ltd., Sealed Air Corp., Berry Global Group Inc., DS Smith Plc, Ball Corporation and Packaging Corp. of America, Crown Holdings Inc., Smurfit Kappa Group Plc, Ardagh Group SA, Mondi Ltd., Bemis Co. Inc., and Georgia-Pacific LLC.
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