Research Nester published a report titled “Pet food packaging market- Global Demand Analysis and Opportunity Outlook 2020-2028“ which delivers detailed overview of the pet food packaging market in terms of market segmentation by product type, by material type, by packaging form, by food type, by animal type, by end user and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
The market for pet food packaging is anticipated to record a CAGR of around 5.5% over the forecast period 2020-2028. The major key factors accelerating the growth of the market include presence of online retail stores for the sale of pet food products, appropriate information about the food on package and rising population of millennials becoming largest segment for pet owners. Further, improved closure system to keep food fresh along with the different designs of packaging is driving the growth of the market. The packaging form is segmented into bags, cans, pouches and boxes. The pouch segment is anticipated to be fastest growing owing to the availability of food in small packages such as size less than 10 pounds, light weight to reduce the transportation cost and gaining advantage where stiffness is not a primary factor.