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Global Pet Food Packaging Market To Witness a CAGR of 4.5% | Forecast to 2033

North America, to continue as a major region in the global pet food packaging market

26-03-2024
Admin
Consumer Goods
The Research Intellica

North America, to continue as a major region in the global pet food packaging market.
North America is the leading market for pet food packaging market and is expected to continue its dominance over the forecast period. The region has been the pathfinder in the field of research & development and has witnessed rapid advancement in technology. At present, the region is known for the presence of key manufacturers in pet food packaging and rising pet owners.
The US packaging market is one of the largest in the world and the primary factor driving the pet care industry and packaging market in the US is the growing pet humanization trend among the pet owners, demand for clear nutritional information so as to ensure longevity and healthy lifestyle for the pets, eco-friendly and sustainable packaging. Moreover, innovations in packaging solutions by key manufacturers have further spurred the pet food packaging market in the region. For instance, Sonoco products a leading provider of consumer packaging and packaging supply chain has recently introduced two new products EcoSeal, a sustainable packaging product that provides strength and enhances the performance of the traditional paperboard container, and ClearGuard, a clear packaging option.


The key players in the global pet food packaging market are Ball Corporation, Amcor Limited, Ampac Packaging, American Packaging Corporation, Bemis Company, Berry Plastics, Ardagh Group SA, Coveris Holdings, Silgan Holdings, Crown Holdings, Goglio SPA, Huhtamäki OYJ, Constantia Flexibles, Mars Petcare Inc., Meadwestvaco Corporation, Mondi Group, Sonoco Products, Winpak Ltd, and Sealed Air Corporation.


Impact of COVID-19
The recent pandemic outbreak of COVID-19 has affected the global economy by directly affecting production and demand, disrupting the supply chain and market, and have retarded the financial markets & firms. The impact of COVID-19 on the pet food packaging market is very nominal owing to the rapid shift to e-commerce. Consumers are switching to online shopping as a result of economic concern and closure of retail stores due to the recent pandemic. Easy availability, low prices, and convenience of home delivery promote online purchasing among pet owners, thereby fuelling the pet food industry and pet food packaging market.

 

“The plastic segment is expected for the largest share of the pet food packaging market in 2025.”


Based on material, the pet food packaging market is categorized into plastic, metal, paper & paperboards. In 2023, the plastic segment accounts for the largest share of the pet food packaging market. The large share of this segment is primarily attributed to the versatile property of plastics such as good tensile strength, high durability, lightweight, and others. Plastics can be molded very easily and thus can be used for a wide variety of packaging. Rising popularity for safe, aesthetic, and flexible packaging by the pet owners as a result of growing pet humanization trends have propelled the market. in addition, a plastic derived stand up pouches, and resealable bags are in huge demand among pet lovers which have further boosted the use of plastic as a chief material in pet food packaging.

The Research Intellica

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