Pune, India -- (SBWIRE) -- 08/21/2018 -- Pet Food Packaging Market

The pet food packaging market has seen a substantial growth since a previous couple of years and has been growing in accordance with the pet food industry. Nowadays, people are opting for quality packaging of pet food products, with the rising incorporation of advanced pet care protocol and increasing awareness about the pet humanization trend. Additionally, with the growing demand for pet ownership, pet owners are preferring pet food packaging, which can keep the food safe and protect it from spoilage. The quality standards of pet food packaging are similar to that of human food packaging.

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Pet food packaging involves high barrier packaging to maintain the quality of the food, to protect it from oxygen and moisture, and to ensure the safety of the pet. Although metal cans have been preferred for packaging pet food, their use has fallen owing to a greater inclination towards multiwall bags, plastic pouches, and flexible paper packaging. The raw materials used for packaging pet food consists of plastics, steel, paperboard, laminates, aluminum, and paper. The global pet food packaging market was valued at approximately USD 8.42 billion in 2017 and is projected to reach USD 12.31 billion by 2023, expanding at a CAGR of 6.53% over the forecast period.

The global pet food packaging industry is growing at a fast pace. Pet food is usually sold in small-sized pouches with greater display capabilities. Plastic is widely used in the pet packaging food industry, being a cost-effective raw material and highly durable than jars and other packaging materials. But, increasing awareness among pet owners concerning the durability, less wastage, has witnessed a growth in the rapidly increasing plastic raw material in pet food packaging.

Trends that are increasing the demand for the global pet food packaging market

Increasing adoption of pets across the globe, rising spending power of the pet owners for the quality products, increasing durability of the pet food products are projected to increase the demand of the global pet food packaging market. Moreover, various government rules and regulations to incorporate quality packaging for pet food products as well as changing a lifestyle of people are some of the key factors which drives the growth of the global pet food packaging market. However, increasing packaging costs of the pet food products can be a major barrier that can hinder the growth of the market to a certain extent.

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North America is projected to dominate the global pet food packaging market over the forecast period, accounting for around 38% of the market share, in terms of value, followed by the European and the Asia Pacific regions. Furthermore, U.S. is projected to have the fastest growth and to hold the largest market share in the world, owing to increasing inclination by the Americans to own dogs, cats, reptiles, small mammals, and fish. The ongoing trend of humanization of pets, and willingness of American consumers to opt for premium pet food brands has increased the demand for premium pet packaging foods across the region.

The Pet Food Packaging Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Global Pet Food Packaging market research report is split into different chapters for user's better understanding: 

The first chapter covers very primitive elements such as Pet Food Packagingmarket overview, market analysis by geographical zones, product types and applications, market dynamics, market opportunities, market risk and driving factors.
The second chapter gives a clear idea about competitive manufacturers profile, their sales, revenue, and market share.
The third and fourth chapter deals with market share and revenue of emerging regions along with their sales, profit generated and volume of Pet Food Packagingindustry over the forecast period from 2018 to 2025.
Fifth, sixth, seventh and eighth chapter allows users to understand and have comprehensive knowledge about Pet Food Packagingmarket shares, by applications and product types.
Ninth, the tenth and eleventh chapter compares traditional and modern innovations, market sales of Pet Food Packagingindustry and market trends over the period from 2018 to 2025.
Twelfth, thirteenth fourteenth, and fifteen chapter display research findings, sales channel, conclusions, data sources, and appendix.

In the end Pet Food Packaging Market Report delivers conclusion which includes Research Findings, Market Size Estimation, Breakdown and Data Triangulation, Consumer Needs/Customer Preference Change, Data Source. These factors will increase business overall.