Vision Research Reports has announced the addition of a new research report to its ever expanding online repository. The research report, titled “Global Pet Food Packaging Market Research Report 2018”, provides a never-seen-before outlook of the overall market. The researchers have used primary and secondary research methodologies to collate a study that includes accurate and exact understanding of the various drivers, restraints, threats, and opportunities in the global pet food packaging market. It also discusses how changing perceptions about pet health amongst consumers and supportive disposable income is projected to pave the way of the overall market. The research report also includes segmentation of the global pet food packaging market on the basis of materials, applications, and geography.
According to the research report, the global pet food packaging market is segmented to surge at a strong CAGR of during the forecast years of 2018 and 2025. Growing adoption of pets across the globe for various purposes has spiked the demand for pet food, which has in turn escalated the demand for its packaging. Improving per capita income and awareness about ways to keep the pets healthy and to cater to their dietary needs has drastically improved the sales of pet food in recent years. Demand for better pet food packaging solutions also stems from the urgent need to improve the shelf life of products.
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On the basis of material, the global pet food packaging market is segmented into metal, paperboard, and plastic. Out of these plastic continues to be a dominant material. However, manufacturers are focusing on changing the way of developing packaging materials are used for pet food. The wave of using eco-friendly materials in order to reduce burden on landfills has coaxed companies to look at greener solutions. Sustainable packaging solutions that are made from biodegradable materials are expected to gradually replace conventional materials in the pet food packaging industry. As the global market inches closer to such as facelift it is likely to find a new set of subscribers in coming years, predicts study.
Geographically, the global pet food packaging market is segmented into Latin America, North America, Asia Pacific except Japan, Japan, Europe, and the Middle East and Africa. Out of these, North America is leading the global market as the region boasts a greater availability of pet food stores and overall better retailing systems. The regional market is also being supported by better awareness about pet health in the region. Europe closely follows North America’s lead as adoption of pets or domestication of animals such as dogs and cats is relatively high in the region. Growing number nuclear families with double income and no kids are expected to show a keen interest in pet adoption, thereby, in many indirect ways, supporting the pet food packaging market.
Some of the key players operating in the global pet food packaging market are Amcor Ltd., Berry Global Group Inc., Sealed Air Corp., DS Smith Plc, Ball Corporation, Crown Holdings Inc., Packaging Corp. of America, Smurfit Kappa Group Plc, Mondi Ltd., Ardagh Group SA, Georgia-Pacific LLC., and Bemis Co. Inc. The research report provides a detailed understanding of the competitive landscape present in the global market. It also highlights the investments being made by the players in upgrading their packaging technologies and improving their advertising strategies. The research report also discusses the research and development plans of these companies. To help readers make profitable business decisions, the study includes valuable comments by market experts.
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