Pet food packaging is utilized for the wrapping or enclosing food items created specifically for animals (pets). The packaging of such product is available in the market over rigid, semi-rigid, and flexible choices. The pet food packaging market is principally driven by the issues like rising adoption of pets, innovation in packaging, and increasing income of pet owners. The market growth is hindered with tight pet food rules.
According to the study, ‘Pet Food Packaging Market Trends, Statistics, Growth, and Forecasts’ the COVID-19 pandemic has inspired customers to shift towards larger pack sizes within the pet food market in 2020. Several customers can so like better to obtain pet food via e-commerce, with this more encouraging the purchase of bigger pack sizes because of the convenience offered by home delivery and additionally the attractive costs available for bulk packs on-line. Consumers’ want to economise within the wake of the COVID-19 pandemic also will also encourage a shift towards larger pack sizes, as these provide a lot of attractive unit costs. This trend is predicted to be particularly pronounced in dry pet food, wherever massive packs over 10kg are predicted to achieve share within the year. Premiumisation also will still continue to be a key trend within the pet food in 2020, despite the economic uncertainty created by the pandemic. Mid- and high-income pet house owners are more and more targeted on guaranteeing optimum nutrition for their pets, within the hope of boosting their health, happiness and longevity.
Premium packaging therefore plays a key role in appealing to those customers seeking the most effective in dog and pet food. Makers giving premium pet food therefore got to make sure that their packaging helps to justify their higher costs. There’s expected to be very little vital overall impact from the COVID-19 pandemic in 2020/2021. The forecast amount is but predicted to see rising pack size polarisation in pet food. The growing ownership of pets within the US continues to lift demand that can offer current support to the expansion of resalable versatile packaging within the forecast amount. The pet food packaging market includes major key players that are functioning a lot with success for increasing the market include Amcor Plc (Australia), Mondi Plc (South Africa), Sonoco Products Company (US), Constantia Flexibles (Austria), and Huhtamaki OYJ (Finland).
The regional investigation of pet food packaging market is taken into the account for the key regions like Asia Pacific, North America, Europe, Latin America and remainder of the World. North America is anticipated to the foremost country across the planet in terms of market share owing to the increasing variety of pet food packaging client among the region. While, Europe is predicted to exhibit highest rate of growth/ CAGR over the forecast amount.
Additionally, growing awareness regarding the pet humanization trend and considerations regarding the health of pets, folks are preferring quality packaging food products that may shield the pet food from spoilage and have quality standards like human food packaging. Moreover, the increasing client preference for convenience over price has inspired makers of pet food packaging products to initiate their product offerings over the years. Throughout this regard, the industry has been witnessing a stable demand for convenience and single-serve packaging in mutually pet treats and food. Thus, it is predicted that the Pet Food Packaging market can increase within approaching years.
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Global Pet Food Packaging Market
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