Back in the year 2022, the sales of pet care packaging were roughly equivalent to $10.2 billion USD. The entire market valuation is expected to grow at a compound annual growth rate (CAGR) of 4% over the forecast years, according to the pet care packaging market analysis report. According to this analysis, the market’s net worth is expected to increase from US$ 10.6 billion in 2023 to US$ 15.7 billion by 2033.
The growing number of senior citizens who own pets is driving up demand for pet care packaging solutions worldwide. The growing popularity of ready-to-eat pet foods has also resulted in a significant increase in the requirement for single-serve and small-sized pet care goods.
Market trends and possibilities are anticipated to be hampered by the enforcement of domestic laws pertaining to strict pet food safety and quality regulations. One of the main issues facing suppliers of paper and paper board packaging materials is the scarcity of raw materials and price fluctuations.
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Despite such challenges, the global demand for pet care packaging solutions is anticipated to increase because of the growing knowledge of maintaining a pet’s health. Moreover, owing to the rise in pet lovers globally pet care products are gaining traction in recent years.
Key Takeaways from the Pet Care Packaging Market Study Report
- The United States is the leading contributor to the total revenue generated by the pet care packaging market players globally.
- Germany is the leading producer and supplier of pet care packaging solutions for European countries and follows the United States in revenue generation.
- Meanwhile, the demand for pet care packaging products is growing at a higher rate in the United Kingdom.
- The Asia Pacific countries are also predicted to witness some promising growth rates during the years 2023 to 2033. Particularly, the countries like China and India are projected to emerge as remarkable markets for sales of pet care packages during this period.
- Based on the type of packaging, the cans and bags market segment holds a massive revenue share.
Competitive Landscape
Amcor Plc, Aptar Group Inc., Ardagh Group S.A., Coveris Holdings S.A., Crown Holdings Inc., Constantia Flexibles Group GmbH, KapStone Paper and Packaging Corporation, Kendall packaging Corporation, Formell Industries Inc., Mondi Group Plc, ProAmpac LLC, WestRock Company, Sonoco Products Co, Silgan Holdings Inc., TCL Packaging Ltd., NNZ Group, The InterFlex Group Inc., and Berry Global Inc. among others are some key players in the global pet care packaging market.
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Recent Developments
Some new advances that have taken place in the market include the usage of re-seal ability and re-closable plastic pet care packaging and bags with zippers. In January 2022, Amcor plc. launched a new platform for paper-based packaging for several sectors including pet care products.
The PRO-EVP multiwall bags from ProAmpac are used to get sustainable pet food packaging made out of fiber-based renewable resources and poly/paper hybrid materials. The company already has its PRO-DURA range that does come through in the form of woven polypropylene bags, thereby offering durability and flexibility.
Ceetek, on the same note, has come up with a novel sealing approach called ‘Integrity Seal System’ in partnership with IFP (International Food partners) and WRAP, a packaging company. This could also cut down on standard seal size to 1.5 mm wide 30 from 15 mm.
Key Segments Covered in the Industry
Industry Segment by Material Type:
- Pet Care Packaging in Plastic Material
- Pet Care Packaging in Paper & Paperboard Material
- Pet Care Packaging in Metal Material
- Pet Care Packaging in Other Packaging Material
Industry Segment by Packaging Type:
- Pet Care Packaging in Cans
- Pet Care Packaging in Bags & Pouches
- Pet Care Packaging in Folding Cartons
- Pet Care Packaging in Tubes
- Pet Care Packaging in Blister Packs
- Pet Care Packaging in Plastic Bottles & Jars
- Pet Care Packaging in Other Types (Tubes, Cups, etc.)
Industry Segment by Application:
- Dry Pet Food Packaging
- Wet Pet Food Packaging
- Frozen Pet Food Packaging
By End Use:
- Pet Food for Cats
- Pet Food for Dogs
- Pet Food for Birds
- Pet Food for Other Animals
Industry Segment by Region:
- North America Market
- Latin America Market
- Europe Market
- East Asia Market
- South Asia P Market
- Oceania Market
- The Middle East & Africa (MEA) Market
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Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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