A recent study by Knowledge Sourcing Intelligence projects substantial growth in the pet food packaging market, with a CAGR of 5.28% between 2021 and 2028, ultimately reaching a valuation of US$11.401 billion by 2028.
Several factors contribute to this upward trajectory, including the surge in pet ownership, premiumization of pet food, the convenience of products and services, e-commerce growth, adoption of sustainable packaging solutions, transparency in ingredient disclosure, and innovative packaging designs. Pet food packaging plays a crucial role in preserving the quality and freshness of pet food while providing convenience for pet owners.
Key Highlights:
- Premiumization and Humanization of Pets: The trend of considering pets as family members and the willingness to spend more on high-quality pet food drive the demand for attractive, innovative, and sustainable packaging solutions.
- Innovation in Packaging: Pet food manufacturers are investing in research and development to introduce innovative packaging solutions, including those that extend shelf life or enable freshness tracking.
- Collaborations and Technological Advancements: The market witnesses collaborations and technological advancements, such as Canidae’s eco-friendly kibble refill stations at Petco, aiming to reduce single-use plastic waste and promote sustainability.
Market Segmentation:
- Material: The market segments include paper and paperboard, metal, and plastic. Plastic emerges as the fastest-growing segment due to its versatility in molding and printing for branding purposes.
- Packaging Type: Pouches lead as the fastest-growing type, offering lightweight, easy reclosure, and protection from contaminants.
- Type of Food: Dry food is expected to exhibit a higher growth rate than wet food, driven by convenience and the premiumization trend.
- Animal: Cat food demonstrates the largest CAGR, with manufacturers focusing on sustainable and transparent packaging solutions.
- Geography: North America is anticipated to capture a significant market share, driven by leading pet food manufacturers’ emphasis on research, development, and sustainability.
Major Players:
Key players in the pet food packaging market include Amcor PLC, American Packaging Corporation, Crown Holdings, ProAmpac LLC, Constantina Flexibles, Coveris Holdings, Polymerall LLC, Mondi PLC, Sonoco Products Company, and Berry Global Inc.
As the pet food industry evolves, packaging innovations and sustainability efforts play a crucial role in meeting the demands of discerning pet owners. The market’s growth trajectory aligns with the broader trends of pet humanization and the pursuit of environmentally friendly solutions.
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