The pet food packaging market is projected to reach value of USD 13.27 Billion by 2027, according to a current analysis by Emergen Research. The report provides detailed insights into Pet Food Packaging market revenue trends, industry trends, consumer trends, market size, market share, market revenue growth drivers, and forecast, along with ranging impact of each factor and driver. It also provides analysis of various factors expected to restrain or limit potential growth in Pet Food Packaging market size over the forecast period, 2020–2028. The report includes profiles of major Pet Food Packaging players in the market, strategies being employed, mergers, acquisitions, recent developments, agreements, contracts, new product development and launches, segment revenue, investment details as well as financials.Various animal shelters and individual pet lovers are joining forces to educate people in order to increase awareness about  pet adoption through social media or by organizing multiple camps. Also included are details regarding top Pet Food Packaging market players, manufacturers, and vendors and the various strategies being deployed in the market and objectives for these strategies. This growth of the market for pet food packaging can be attributed to high rate of pet adoption and growing trend of pet humanization.

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Concerns about a pet’s nutritional intake are constantly rising among pet owners, which is boosting the demand for advanced materials required in the pet food packaging industry. Global Pet Food Packaging market revenue growth is primarily driven by rising focus by major companies on product portfolio expansion, entry into new and untapped domestic and international markets, rising investments my top Pet Food Packaging market players, manufacturers, and vendors in strategic agreements and contracts, and rapidly increasing competition in the Pet Food Packaging market. People have started to accept their pets as a member of their family. This perception has created significant increase in the demand for packed food products for animals. Manufacturers are developing advanced technologies to offer a state-of-the-art solution for packaging, which would protect the pet food from getting spoiled or damaged. In addition, rapidly rising demand and deployment in respective sectors/industries in major and developing countries is supporting growth in terms of Pet Food Packaging market share contribution of these countries. In addition, Pet Food Packaging market share contribution is expected to continue to incline steadily over the forecast period due to favorable government policies, advancements in technology, and steady economic growth across various regions and countries.

 

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Region wise performance of the Pet Food Packaging industry

North America Pet Food Packaging market revenue growth was relatively higher than that of other regional markets in 2020. North America Pet Food Packaging market revenue is expected to continue to remain dominant over the forecast period, supported by robust presence of top market players, manufacturers, and vendors, and favorable government policies and norms in countries in the region.  

Asia Pacific Pet Food Packaging market revenue registered fastest growth rate in 2020, and this trend is expected to continue over the forecast period. Asia Pacific Pet Food Packaging market revenue growth is driven by significant market revenue contribution from China, India, and South Korea. China is a robust hub for top Pet Food Packaging market players, manufacturers, and vendors, as well as easy access to raw materials and workforce at more economical costs that that of other regional markets.

Europe Pet Food Packaging market revenue is expected to continue to remain steady over the forecast period, attributed to changing trends in various market and robust focus on research and development initiatives by top market players, manufacturers, and vendors to expand global footprint and drive revenues and profits.

Geographically, this report studies the key regions, focuses on product sales, value, market share and growth opportunity in these regions, covering:

  • United States
  • Europe
  • China
  • Japan
  • Southeast Asia
  • India

We can also provide the customized separate regional or country-level reports, for the following regions:

North America, United States, Canada, Mexico, Asia-Pacific, China, India, Japan, South Korea, Australia, Indonesia, Singapore, Rest of Asia-Pacific, Europe, Germany, France, UK, Italy, Spain, Russia, Rest of Europe, Central & South America, Brazil, Argentina, Rest of South America, Middle East & Africa, Saudi Arabia, Turkey, Rest of Middle East & Africa

In terms of Pet Food Packaging market share and revenue contribution to the global Pet Food Packaging market, North America is expected to maintain its dominance over other regional markets over the forecast period. Presence of major companies in countries in the region is a key factor supporting rapid increase in Pet Food Packaging market share.

The market intelligence report on the Pet Food Packaging Industry also includes an extensive investigation of the competitive landscape. It assesses the business and marketing strategies expected to be present in the market through the forecast years. It also includes an investigation of the recent advancements and other factors driving the growth of the overall market to help comprehend the progress of the companies in the coming years.

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Further Key Findings from the Report Suggest:

  • In January 2020, Amcor plc. acquired Bemis Company, Inc. (U.S.), a manufacturer of packaging products. This acquisition would allow Amcor plc. to expand its customer base and enhance its presence in the global market. The investment is expected to help the acquirer to further strengthen its packaging capabilities for products such as pet care products, beverages, medicines, food, personal care products, and other consumer products.
  • In November 2019, Huhtamaki launched its state-of-the-art flexible packaging unit in Egypt. Through this investment, Huhtamaki entered the manufacturing industry for flexible packaging in Africa.
  • The pet food packagingmarket in North America was valued at USD 3.14 Billion in 2019 and it is estimated to expand at a rate of 4.5% during the forecast period. The people in this region are more influenced by the on-the-go lifestyle and prefer ready-to-eat food, which is driving the pet food packaging market in the region.

The research provides answers to the following key questions:

  • What will be the growth rate and the market size of the Pet Food Packaging industry for the forecast period 2020-2027?
  • What are the major driving forces expected to impact the development of the Pet Food Packaging market across different regions?
  • Who are the major driving forces expected to decide the fate of the Pet Food Packaging industry worldwide?
  • Who are the prominent market players making a mark in the Pet Food Packaging market with their winning strategies?
  • Which Pet Food Packaging industry trends are likely to shape the future of the industry during the forecast period 2020-2027?
  • What are the key barriers and threats believed to hinder the development of the industry?
  • What are the future opportunities in the Pet Food Packaging market?

 

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