The Global Pet Food Packaging Market Growth, COVID-19 impact and Forecast (2021-2026)
Global Pet Food Packaging market is segmented based on material type as paper & paperboard, plastic, metal and others; based on applications as dry food, wet food, pet treats and frozen food; based on geography as APAC, Europe, North America, and ROW.
Introduction
Pet foods are packed in various forms which include bags, cans, pouches, boxes/cartons, and others. Pet food packaging mainly used for enclosing or wrapping foods formed mainly for pets (animals).
Pet food packaging is mainly used to store the food items and can be stored without refrigeration for a longer time and also maintains chemical properties.
The Pet Food Manufacturers' Association estimates that 12 million, or 40%, of UK households, own a pet. Due to the growth of pet adoptions and increasing awareness amongst owners about animal health, the industry has focused on maintaining the quality of pet food packagings, such as spill-proof and labeling innovation
Moreover, FDA regulations for pet food products have improved over the years and are similar to human food. Manufacturers are focusing on providing consumers' wants, such as intelligent packaging for pet food. Thus, labeling these pet food products creates a positive outlook on the pet food packaging market.
Table of Contents
Market Overview
The Global pet food packaging market is expected to grow to $11.55 billion by 2026 at CAGR of 6.53%
Post COVID-19, the market is expected to recover from 2021 onwards with industrial and transportation activities getting back on track and functioning with full capacities
Stand-up pouches saw a 50% growth from 2018 to 2021. Also, there has been a significant growth in smaller package sizes, which include single-serve packs, as they enable pet owners to manage their pets weight or meal portions.
Key Trends
The most significant trend in packaging right now is sustainability. Sustainability has been a serious concern voiced by governments and consumers, owing to which packaging companies are focusing on packages that comply with the government and consumers.
Increasing application in the fortified and functional products space has emerged as a key trend in the pet food packaging industry.
Recent years have witnessed a significant demand for packaging products through online platforms.
Key Market Players
The market is dominated by global vendors like Crown, Amcor; BALL CORPORATION, Bemis Company.; ProAmpac and WestRock Company
The pet food packaging market is highly fragmented and in the growth phase.
With innovation in pet food products and rising competition in the pet food packaging market, manufacturers are opting for quality and sustainable packaging to attract more customers.
Growth Drivers and Challenges
The growth of this market is attributed to key factors, such as rising affection for pets leading to greater adoption of pets, high-income level of pet owners, changing lifestyles, demand for simplicity and convenience in packaging, and growing trend of pet humanization.
Furthermore, increase in demand of pets, innovation and development in pet food packaging, rising concerns about health of pets, and rising spending capacity of pet food owners on pet food products are the major drivers of the market.
Addressing packaging issues, such as shelf life, durability, storage, sustainable and environmentally-friendly packaging products is the main challenge for the pet food packaging market.
Shortage of raw materials, fluctuation in their prices, stringent pet food quality and safety regulations is a restraint in growth of pet food packaging market
The COVID-19 pandemic has also heightened the shift and has significantly boosted the online pet food sales.
In addition to luring market trends being followed in 2019, the onset of 2020 has led to issues being faced by plastic manufacturers amidst the Coronavirus outbreak.