Market to Grow $3.8 Billion by 2028 with Increasing Demand for Eco-Friendly Solutions

Global Pet Food Market

Dublin, Jan. 30, 2024 (GLOBE NEWSWIRE) — The “Pet Food Packaging Market by Material (Paper and Paperboard, Plastic, Metal), Product (Pouches, Folding Cartons, Metal Cans, Bags), Food (Dry Food, Wet Food, Pet Treat), Animals (Dogs, Cats, Fish), and Region – The Global Forecast to 2028” report has been added to ResearchAndMarkets.com’s offering.

A significant increase in pet ownership and the humanization of pets are contributing factors to the expected growth of the market value from USD 11.1 billion in 2023 to USD 14.9 billion by 2028. Pointed out by report that a CAGR of 5.9% is expected during this period, led. by increasing consumer spending power and urbanization trends.

High-CAGR Segments Identified

Within this developing market, specific segments are expected to show impressive expansion. Notably, metal cans in pet food packaging are expected to register the highest CAGR, courtesy of their robust protective features that ensure preservation of food quality. Cat food, as a segment, is expected to grow at an enviable pace, reflecting the rise in cat adoptions worldwide.

Momentum in Pet Treats Packaging

Market research also identifies the pet treats segment as one of the fastest growing within the industry. This increase is due to the diversity of the range of treatment options available to pet owners, emphasizing the deepening bond between pet owners and their companions. .

Eco-friendly Packaging at Forefront

Paper and paperboard materials, recognized for their sustainable and biodegradable properties, stand out as the leading types of pet food packaging material. These materials are gaining traction amid growing awareness and concern for environmental sustainability among consumers.

The North American Market Leads the Billing

Regionally, North America is expected to dominate the global share during the forecast period. The region’s popularity in the market is boosted by a strong pet culture and the growing preference for convenient packaging solutions. The report also offers a complete competitive analysis of prominent players contributing to the evolution of the pet food packaging market. It assesses the competitive landscape dynamics and strategies adopted by various stakeholders to maintain and strengthen market positions.

The story continues

Useful Insights Offered

• An in-depth analysis of market drivers, restraints, and opportunities.

• New product developments, innovations, and market advancement information.

• Strategic insights into market differentiation, growth, and competitive analysis.

Key Features:

Mentioned Companies

• Amcor PLC

• American Packaging Corporation

• Ardagh Group SA

• Berlin Packaging

• Berry Global Inc.

• Constantia Flexibles

• Coveris

• Crown Holdings, Inc.

• Emmerson Packaging

• Epac Holdings, LLC.

• Greif

• Huhtamäki Oyj

• Jupiter Laminators Pvt. Ltd.

• Km Packaging Services Ltd.

• Ld Packaging Co. Ltd.

• PLC world

• Printpack

• Proampac

• Sealed Air

• Silgan Holdings Inc.

• Smurfit Kappa Group PLC

• Sonoco Products Company

• Transcontinental Inc.

• Westrock Company

• Winpak Ltd.

For more information about this report visit https://www.researchandmarkets.com/r/1d6upu

About ResearchAndMarkets.com
ResearchAndMarkets.com is the world’s leading source for international research reports and market data. We provide you with the latest data on international and regional markets, key industries, leading companies, new products and the latest trends.

Attached

CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood,Senior Press Manager [email protected] For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900