Petfood Packaging Market Trends and Forecast
The future of the global petfood packaging market looks promising with opportunities in the pet dog and pet cat markets. The global petfood packaging market is expected to reach an estimated $16.1 billion by 2030 with a CAGR of 5.8% from 2024 to 2030. The major drivers for this market are growing emphasis on secure & hygienic packaging for pet food products, increasing number of pet owners, and rising need for attractive & functional packaging to distinguish pet food brands.
• Lucintel forecasts that plastic is expected to witness the highest growth over the forecast period.
• Within this market, pet dog is expected to witness the higher growth.
• APAC is expected to witness highest growth over the forecast period.
United States: Mars Petcare announced a new initiative to use recyclable packaging for its pet food products, aligning with government sustainability goals and consumer demand for eco-friendly solutions.
China: Yantai China Pet Foods Co. implemented advanced packaging designs for pet food, meeting government regulations for food safety and enhancing product attractiveness in the market.
Germany: Bosch Packaging Technology introduced innovative packaging machinery for pet food, supporting companiesÄX%$%X targets for efficient packaging processes and government standards for product safety.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Petfood Packaging by Segment
The study includes a forecast for the global petfood packaging by type, application, and region.
Petfood Packaging Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• Plastic
• Folding Cartons
• Metal
Petfood Packaging Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Pet Dog
• Pet Cat
• Others
Petfood Packaging Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Petfood Packaging Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies petfood packaging companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the petfood packaging companies profiled in this report include-
• Amcor
• Mondi
• Sonoco
• Ardagh
• CCL
• Coveris
• DS Smith
Recent Development in the Petfood Packaging Market
Mars Petcare: Mars Petcare has launched a significant initiative to use recyclable packaging for its pet food products. This initiative reflects the companyÄX%$%Xs commitment to sustainability and aligns with growing consumer preferences for eco-friendly packaging solutions in the pet food industry.
Yantai China Pet Foods Co.: Yantai China Pet Foods Co. has implemented advanced packaging designs for its pet food products. These designs focus on enhancing product attractiveness and meeting stringent government regulations for food safety and packaging standards in China.
Bosch Packaging Technology: Bosch Packaging Technology has introduced innovative packaging machinery specifically designed for pet food packaging. This initiative supports companiesÄX%$%X targets for efficient packaging processes, reducing waste, and meeting government standards for product safety and quality.
Nestlé Purina: Nestlé Purina, a major player in the pet food market, has announced a comprehensive sustainability initiative for its pet food packaging. The company is investing in research and development to create eco-friendly packaging solutions that reduce environmental impact while maintaining product freshness and quality.
Smurfit Kappa: Smurfit Kappa, a global packaging company, has developed sustainable packaging solutions for pet food manufacturers. These solutions focus on using renewable materials and optimizing packaging designs to minimize waste and support companiesÄX%$%X sustainability goals in the pet food industry.
Features of the Global Petfood Packaging Market
Market Size Estimates: Petfood packaging market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Petfood packaging market size by type, application, and region in terms of value ($B).
Regional Analysis: Petfood packaging market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the petfood packaging market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the petfood packaging market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the petfood packaging market size?
Answer: The global petfood packaging market is expected to reach an estimated $16.1 billion by 2030.
Q2. What is the growth forecast for petfood packaging market?
Answer: The global petfood packaging market is expected to grow with a CAGR of 5.8% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the petfood packaging market?
Answer: The major drivers for this market are growing emphasis on secure & hygienic packaging for pet food products, increasing number of pet owners, and rising need for attractive & functional packaging to distinguish pet food brands.
Q4. What are the major segments for petfood packaging market?
Answer: The future of the petfood packaging market looks promising with opportunities in the pet dog and pet cat markets.
Q5. Who are the key petfood packaging market companies?
Answer: Some of the key petfood packaging companies are as follows:
• Amcor
• Mondi
• Sonoco
• Ardagh
• CCL
• Coveris
• DS Smith
Q6. Which petfood packaging market segment will be the largest in future?
Answer: Lucintel forecasts that plastic is expected to witness the highest growth over the forecast period.
Q7. In petfood packaging market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period.
Q8. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the petfood packaging market by type (plastic, folding cartons, and metal), application (pet dog, pet cat, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Petfood Packaging Market Market, Petfood Packaging Market Market Size, Petfood Packaging Market Market Growth, Petfood Packaging Market Market Analysis, Petfood Packaging Market Market Report, Petfood Packaging Market Market Share, Petfood Packaging Market Market Trends, Petfood Packaging Market Market Forecast, Petfood Packaging Market Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.