Continual growing demand for high-quality packaged food products allows the key vendors to have high scope for innovations.
Technavio, a company that develops over 2000 pieces of research every year and covers more than 500 technologies across 80 countries, has announced the top five leading vendors for the global pet care packaging market in their latest research report. This report also lists 15 other prominent vendors who are expected to contribute to this market’s growth between 2016-2020.
To identify the top vendors, Technavio’s market research analysts have taken into account the revenue generated by the sales of the following products:
- Flexible packaging products (bags and pouches)
- Rigid metal products (cans)
- Rigid plastic products (bottles)
- Paperboard (cartons and boxes)
- Others (tubes, cups, and crates)
This Technavio report, under packaging vertical, is based on the synthesis, analysis, and interpretation of information about the global pet care packaging market collected from specialized sources. The analysts have derived insights using a mix of primary and secondary research with an aim to provide a holistic picture of the market.
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Competitive vendor landscape
It is challenging for the small and local vendors to compete against the international vendors in terms of features, quality and range of offerings. So they compete in terms of cost by offering innovative solutions at prices lower than those offered by international players. Growing demand for high quality packaged food products expands the scope for innovations in the market. International players are expected to grow inorganically during the forecast period by acquiring regional or local players. For example, Amcor’s latest acquisitions (during 2015-2016) include Deluxe Packages in US, Aluflex in Argentina, Alusa in Chile, Plastic Moulders in Canada, Flexa in Colombia, BPI China, and Peruplast in Peru.
“There is an increased demand for pouch packaging solutions due to which the vendors are constantly looking for lightweight, innovative, and alternative forms of packaging. These pouches have a better environmental rating than glass or plastic jars and bottles because they leave a smaller carbon footprint.” says Sharan Raj, a lead analyst at Technavio for research on packaging.
Top five vendors in the pet care packaging market space
Amcor
Amcor supplies flexible products for industries such as beverage, food, personal and home care, and healthcare, along with tobacco industries. The company is known for manufacturing flexible and film packaging solutions. For beverage and food products such as spirits and beer, sports drinks, carbonated soft drinks, and personal care products the company manufactures rigid plastic containers. As a key player, Amcor, through its broad range of products, is improving its presence in the market worldwide.
Bemis
Bemis manufactures and supplies packaging materials worldwide. It has customers from various sectors such as food, chemical, medical, pharmaceutical, personal care, agribusiness, automotive, electronics, construction, etc. One of its segments manufacture blown, multilayer polymer, and cast film structures to produce packaging solutions for food, non-food, and personal care product applications in the US. It offers its packaging solutions to the dairy and liquid, meat and cheese, confectionery and snack foods, lawn and garden products, frozen foods, health and hygiene products, beverages, dry foods, and bakery goods markets.
Mondi
Mondi, an international packaging and paper group, manufactures pulp, paper, and compound plastics and innovative consumer and industrial packaging solutions. It operates through four segments namely, packaging paper, fiber packaging, consumer packaging and uncoated fine paper. The company’s sack kraft paper product portfolio comprise brown, white, and PE-coated paper grades for valve and open mouth bags. These products are used for different applications in cement and building materials, chemicals, food, animal feed, and pet food. Its plastic bags can be produced in different kinds of material combinations and in many shapes and sizes.
Printpack
Printpack focuses on manufacture and marketing of flexible and specialty rigid packaging products globally. It manufactures materials such as flexography, rotogravure, extrusion lamination, adhesive lamination, blow film, and cast film. It supplies its products to various markets such as baby food, beverage, cereal and breakfast, bread, cheese and dairy, coffee and tea, condiments, confectionery, cookies and crackers, dried food, mixes and granular, food service, fresh produce, frozen foods, meat, poultry, and seafood, salty snacks, shelf stable packaging, etc.
Sonoco
Sonoco serves its customers in about 85 nations with packaging, protective packaging, and industrial products. It includes products and services such as blow-molded plastic bottles and jars; round shaped rigid containers and trays that has both composite and thermoformed plastic; printed flexible packaging; extruded and injection-molded plastic products; metal and peelable membrane ends and closures; and global brand artwork management.
Other prominent vendors in this market include American Packaging, Ampac, AptarGroup, Ardagh, Ball, Berlin Packaging, Berry Plastics, Gateway Packaging, Graphic Packaging, Greif, InterFlex, KapStone Paper and Packaging, MeadWestVaco, Reynolds, and Silgan.
A more detailed analysis is available in the Technavio report, Global Pet Care Packaging Market 2016-2020. Technavio also customizes reports by other regions and specific segments upon request.
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