[FURL=https://www.industryarc.com/Report/15173/pet-food-packaging-market.html?utm_source=BriefingWire&utm_medium=PressRelease&utm_campaign=PaidPressRelease]Pet Food Packaging Market[/FURL] size is forecast to reach $13.2 billion by 2026, after growing at a CAGR of 4.5% during the forecast period 2021-2026. The key factors driving the growth of pet food packaging market include increasing affection for pets leading to higher pet adoption, high pet owners' income levels, changing lifestyles, demand for simplicity and convenience in packaging, and the growing trend of humanization of pets. Over the years, the growing customer preference for convenience over cost, has inspired pet food packaging product manufacturers to improve their product offerings. In this respect, both pet treats and food have seen a steady demand for convenience and single-serve packaging in the industry. In addition, food labeled with metabolizable energy is gaining popularity, which is further influencing pet food packaging market growth. Increased use in the field of reinforced and usable products and increased demand for cyclic oligomers polyester such as polyethylene terephthalate packaging have emerged as a key trend in the pet food packaging industry. Due to varied range of food flavor offerings worldwide, this market is expected to grow rapidly.Key Takeaways
North America dominates the market, owing to increase in adoption of pets, growing disposable income of pet owners, and rising concerns about health of pets in the region.
In addition, evolving consumer lifestyles across developed countries, increasing pharmaceutical and food industries, pet humanization, and the emergence of new product innovations such polyethylene terephthalate cyclic oligomers for pet microwave susceptor packaging in pet food products are expected over the forecast period to generate opportunities for global market suppliers.
However, in the coming years, strict government regulations on pet food quality and protection & quality issues of products are likely to hamper the growth of the global market for pet food packaging.
Request for Sample of the Report @ [FURL]https://www.industryarc.com/pdfdownload.php?id=15173[/FURL]
Pet Food Packaging Market Drivers
Growth in Pet Adoption and Rising Awareness of Animal Health
According to the Pet Food Manufacturers' Association, 12 million or 40% of the UK households own a pet. Owning to the growth in pet adoptions and raising awareness among owners of animal health, the industry has focused on maintaining the quality of pet food packaging such as spill-proof and labeling innovations such as labeling metabolizable energy. Like any other food product, animal lovers demand attractive, informative, and protective products. In addition, the FDA regulations for pet food products have improved over the years and are similar to human food.
Pet Food Packaging market include Amcor Plc, Mondi Plc, Sonoco Products Company, Constantia Flexibles, Huhtamaki OYJ, Berry Global Group Inc, Smurfit Kappa, Ardagh Group S.A among others.
About IndustryARC: IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications market research. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business. Any other custom requirements can be discussed with our team, drop an e-mail to sales@industryarc.com to discuss more about our consulting services.