Pet Food Packaging Market Forecast 2024-2033: Projected CAGR, Key Drivers, And Trends

Overview and Scope
Pet food packaging refers to the materials and design used to enclose and protect pet food products. Pet food packaging is used for the preservation of freshness, extended shelf life, convenience for pet owners, information and branding, portion control, and protection during transportation.

Sizing and Forecast
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.

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Segmentation & Regional Insights
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

North America was the largest region in the pet food packaging market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the pet food packaging market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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Major Driver Impacting Market Growth
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.

Key Industry Players
Major companies operating in the pet food packaging market report are Dow Inc., Amcor Limited, Berry Global Group Inc., Smurfit Kappa Group, Mondi Group, Sonoco Products Company, Silgan Holdings Inc., Greif Inc., Huhtamaki Group, Constantia Flexibles Group GmbH, Winpak Ltd., Coveris Holdings S.A., Schur Flexibles Group, Bemis Company Inc., ProAmpac Holdings Inc., PaperWorks Industries, Inc., Hood Packaging Corporation, American Packaging Corporation, ePac Flexible Packaging, Glenroy Inc., InterFlex Group Inc., Flair Flexible Packaging Corporation, Mid South Packaging Inc., PBFY Flexible Packaging, Star Packaging Corporation

The pet food packaging market report table of contents includes:
1. Executive Summary

2. Pet Food Packaging Market Characteristics
3. Pet Food Packaging Market Trends And Strategies
4. Pet Food Packaging Market – Macro Economic Scenario
5. Global Pet Food Packaging Market Size and Growth

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32. Global Pet Food Packaging Market Competitive Benchmarking
33. Global Pet Food Packaging Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Pet Food Packaging Market
35. Pet Food Packaging Market Future Outlook and Potential Analysis
36. Appendix

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