Technavio has released updated information on the petcare market, with the publication of its new market research report, global pet food packaging market. The global pet food packaging market is expected to grow at a CAGR of around 8% between 2016 and 2020, owing to the rising demand for single-serve, small-sized, reclosable packaging products. North Americas leads the global market for pet food packaging, accounting for around 38% of the overall market share. The introduction of new, natural, organic, and nutritious pet food products, coupled with marketing and promotional activities by pet food manufacturers will boost the market growth in this region.
“Owing to the multiple pet food flavours available in market, the pet food manufacturers prefer lightweight, innovative, and alternative forms of packaging such as pouch packaging. The demand for pouches is high among pet food manufacturers because of the advantage of zippered closure.Pouches leave a smaller carbon footprint and have a better environmental rating than glass or plastic jars and bottles. Also, they generate less waste and are easily portable. Of late, the vendors are offering single-serve packs and pouches which allow pet owners to serve a single portion of food and reduce food wastage,” says Sriram Mohan, Lead Analyst, Transportation & Logistics, Technavio Research
Pet owners are introducing various nutritious, natural, and organic pet food products in the market due to growing consumer awareness about the benefits of therapeutic diet of pets. Manufacturers are featuring nutritional labels and food pyramids on the packaging material so that the consumers can select the safest and most nutritious foods.
The leading vendors in the global pet food packaging market include Amcor, Bemis, Mondi and Sonoco. This market is highly fragmented with the presence of many multinational, regional, and local vendors. Vendors have immense scope for innovation because of the growing demand for high-quality packaged food products.
A more detailed analysis is available in the Technavio report, Global Pet Food Packaging Market 2016-2020.
We can customize this reports by other regions and specific segments upon request.
Other Related Reports:
- Global Pet Food Market 2015-2019 – Industry Analysis
- Petcare Packaging Market: Global Research and Analysis 2015-2019
Further Readings:
