- The key vendors in the pet food packaging market in US are Amcor Ltd., Bemis Company Inc., Coveris Holdings SA and Crown Holdings Inc.
London, 11 May 2015: Technavio, an independent tech-focused global research firm, has announced the publication of its market research report on the pet food packaging market in US 2015-2019. Demand for pouch packaging is one of the latest trends emerging in the market. Pet food manufacturers are constantly looking for lightweight, innovative and alternative forms of packaging. These pouches leave a smaller carbon footprint and have a better environmental rating than glass or plastic jars and bottles. Pouches generate less waste and enable easy transportation. The pet food packaging market in US is expected to grow at a CAGR of 4.82 % during the forecast period 2014-2019.
Food manufacturers are introducing natural, organic and nutritious pet food products in the US. The focus of pet owners on pet health has led to advances in natural and organic pet foods. With the increase in awareness, consumers look for labels to select the safest and most nutritious foods. Companies are also featuring nutritional tables and food pyramids on the packaging material.
“Single-serve and small-sized packs have gained popularity among consumers in the F&B packaging market. Single-serve packaging products are easy to open and store. This allows pet owners to serve a single portion of food, reduce food waste and provide a variety of foods for their pets,” says Faisal Ghaus, Vice President of Technavio Research.
“The introduction of single-serve packaging provides huge opportunities for pet food packaging manufacturers to gain larger market shares.”
To define the market conditions in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
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