Global Pet Food Flexible Packaging Market

  • May 7, 2020
  • 1861
  • Consumer Goods and Services

New York City, NY, 07 May, 2020/ 24 Market Reports: It is estimated for the pet food packaging market to reach 12.5 billion by 2025, at a CAGR of 4.2 % from 2020 to 2025. Rising affection for pets leading to greater adoption of pets, high-income level of pet owners, changing lifestyles, demand for simplicity and convenience in packaging, and growing trend of pet humanization are driving the market during the forecast period.

Bags segment is projected to be the largest market for pet food packaging during the forecast period

Based on the packaging type, the bags segment is projected to be the largest market for pet food packaging. The dominant market position of the bags can be attributed to due to ease of handling and low cost of production.

Pet food packaging market is projected to grow at the highest CAGR during the forecast period

Pouches segment of the pet food packaging market is projected to grow at the highest CAGR during the forecast period, in terms of value as well as volume. The growth of this segment is attributed to its increasing demand by various pet food brands. Further, due to different types of packaging formats available in it, such as single-serve pack, small pouches, and excellent display appeal.

The durable, lightweight, cost-effective, and versatile nature of plastic packaging makes it the largest segment in the pet food packaging market. This market is projected to remain the largest segment through the projected period in terms of value and witness the highest CAGR during the forecast period.

North America is estimated to lead the market during the forecast period

North America is estimated to lead the market during the forecast period. The strong demand from countries such as the US and Mexico is driving the market during the forecast period. Rising affection for pets leading to greater adoption of pets, changing lifestyles, demand for simplicity & convenience in packaging, and growing pet humanization trend are the factors that are driving the growth of the global market during the forecast period.

Notable Pet Food Flexible Packaging Market Development

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