As per the recent research report by FMI, a market research and competitive intelligence provider, sales of Europe Pet Food packaging Market are estimated to reach a value of USD 3.29 billion in 2023 and USD 5.06 billion by 2033, recording a CAGR of 4.4% over the forecast period.
The rising focus on pet health has boosted the market for functional pet food. Pet owners are looking for food products that have higher nutritional value. The rising awareness about healthy pet food is fueling the demand in the functional pet food segment. These factors are creating lucrative growth opportunities for new and existing players. They are encouraging market players to launch a product enriched with all essential vitamins and minerals.
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Functional foods contain a number of the necessary nutrients for healthier pets. In order to grow their business, manufacturers should concentrate on the introduction of new functional food products. The manufacturers of pet food protein ingredients situated in Europe can benefit greatly from the increased consumer interest in new protein-based nutrition. However, it is anticipated that the expansion of this sector will be hampered by fluctuating raw material prices and a decline in free trade in Europe.
The development of the pet food protein components market in Europe is anticipated to be hampered by regulatory frameworks and interventions, significant capital expenditures necessary for pet food production, and the threat of pet food products that are not authentic.
Key Takeaways from Market Study
- The Europe Pet Food Packaging market is estimated to be valued at USD 3.29 billion in 2023.
- In Europe, the conventional sub-segment holds a significant market share of 50.6% of the Pet Food packaging market by 2023.
- In the product type segment, Kibble/Dry holds the considerable market share of 25.0% of the Pet Food packaging market.
- In the pet type sub-segment, dog segment holds a significant market share of 55.0% of the pet food packaging market.
Prominent Drivers of the Europe Pet Food Packaging Market
- Increasing Pet Ownership: As pet ownership continues to rise across Europe, the demand for pet food products, including premium packaging options, grows. Consumers are increasingly seeking high-quality, convenient, and well-packaged pet food products.
- Rising Demand for Premium and Natural Pet Food: There is a growing trend toward premium and natural pet food, which drives the need for innovative and eco-friendly packaging solutions. Consumers are looking for packaging that preserves freshness and quality, which boosts demand for advanced packaging technologies.
- Sustainability Concerns: European consumers are becoming more environmentally conscious, pushing manufacturers to adopt sustainable packaging solutions. The demand for recyclable, biodegradable, and eco-friendly packaging materials is on the rise, significantly influencing the pet food packaging market.
- Convenience and Portability: Busy lifestyles in Europe have led to a higher demand for easy-to-use, portable, and resealable pet food packaging. Packaging solutions that offer convenience, such as single-serving portions or easy-to-carry bags, are increasingly popular.
- Innovations in Packaging Technology: Advances in packaging technology, such as vacuum-sealing, modified atmosphere packaging (MAP), and barrier films, are improving the shelf-life and preservation of pet food products. These innovations are driving growth in the pet food packaging market, as they help meet consumer demand for fresh, safe, and high-quality pet food.
“Majority of the key players are focusing on the acquisition of small players, whereas small-scale companies need to make significant investments in R&D to introduce new products and enhance their presence across the globe.”, -says a lead analyst at Future Market Insights
Competitive Landscape
Pet food has a strong competitive market in Europe. As more pets are being adopted, people in Europe are looking for luxury pet foods that are nutrient-dense and have useful qualities. The demand for pet food in the region is driven by all of these causes. While the demand for pet food has remained stable in the majority of EU nations, the pet food business in Eastern Europe is still in its infancy.
Other Key Players Operating in the Europe Pet Food Packaging Market
- Berry Global Inc.
- Sonoco Products Company
- Constantia Flexibles
- Huhtamaki OYJ
- Smurfit Kappa
- Ardagh Group S.A
- AptarGroup, Inc
- Goglio S.p.A
Market Segmentation
By Material:
- Paper & Paperboard
- Plastic
- Metals
- Others
By Product Type:
- Cans
- Bags & Pouches
- Folding Cartons
- Tubes
- Blister Pack
- Plastic Bottles & Jars
- Others
By End Use:
- Dog Food
- Cat Food
- Fish Food
- Others
By Food Type:
- Dry Food
- Wet Food
- Frozen Food
By Country:
- Germany
- France
- United Kingdom
- Italy
- Spain
About Future Market Insights (FMI)
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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