(Food-Beverage-News.Com, July 04, 2016 ) The report “Pet Food Packaging Market by Packaging Material (Paper & Paperboard, Flexible Plastic, Rigid Plastic, Metal), Packaging Type (Bags, Cans, Pouches, Boxes/Cartons), Food Type (Dry, Wet, Chilled & Frozen, Pet Treats), Animal Type (Dog, Cat, Fish, Bird), & by Region - Trends & Forecast to 2020” defines and segments the global pet food packaging market with analysis and forecasting of the global revenues for pet food packaging. It also identifies the driving and restraining factors of the market with analysis of trends, opportunities, burning issues, winning imperatives, and challenges.
Browse 228 market data tables and 45 figures spread through 258 pages and in-depth TOC on “Pet Food Packaging Market - Trends & Forecast to 2020"
The market is segmented and revenues are forecasted on the basis of major regions, such as North America, Europe, Asia-Pacific, and Rest of the World (RoW). The key countries are covered and their market sizes have been forecasted for each region. Further, the market is segmented and revenues are forecasted on the basis of applications.
The pet food packaging market is mostly driven by the increasing pet adoption and the increase in spending by pet owners on pet food products. With innovation in pet food products and rising competition in the pet food packaging market, manufacturers are also opting for quality and sustainable packaging to attract customers.
The global pet food packaging market is projected to reach $8,190.2 Million by 2020, with a CAGR of 5.08% from 2015 to 2020. The North American region accounted for around 39.4% of the total market share in terms of value, followed by the European and Asia-Pacific regions. The global pet food packaging industry is projected to grow at a fast pace in the coming years as a result of rising disposable income, awareness towards humanization of pets, increasing spending on the pet food products, growing nuclear families & dual income no kids families as well as changing lifestyles. Some of the key players in the market include Amcor Limited (Australia), Constantia Flexibles (Austria), Huhtamäki OYJ (Finland), Ampac (U.S.), Bemis Co., Inc. (Italy), and Mondi Group (South Africa).
This report estimates the market size of the global pet food packaging market in terms of value ($million). In this report, the market is broadly segmented based on packaging material type, packaging type, food type, animal food, and region. Market drivers, restraints, challenges, raw material, and packaging types are discussed in detail. Market share, by participant, for the overall market is discussed in detail. The global market has grown rapidly in the last few years and this trend is expected to continue. Increasing disposable incomes of people in developing countries, regulations to incorporate quality packaging for pet food products, and changing lifestyles of people drive the growth of this market.
MarketsandMarkets is world’s No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.
M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
