PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1422704
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1422704
Pet Food Packaging Market is anticipated to grow a CAGR of over 5.8% between 2024 and 2032, owing to rising pet population across the globe. As there is a rising demand for pet food, consequently, pet food packaging need increases. For instance, in November 2023, UPM Specialty Papers offered paper-based alternatives for plastics and packages containing soon-to-be-phased-out PFAS chemicals.
Additionally, there is a rising awareness among pet owners regarding the importance of nutrition and health for their pets. As consumers increasingly seek high-quality and specialized pet food products, manufacturers respond with innovative packaging solutions that preserve freshness, ensure product safety, and convey relevant nutritional information.
The overall pet food packaging industry is classified based on packaging type, material type, food type, pet type, distribution channel, and region.
Boxes/cartons segment will generate notable revenues in the forecast period, driven by the versatility and functionality. They offer robust protection to pet food products, safeguarding them from external elements. The rigid structure of boxes ensures the integrity of the contents during transportation and storage. Moreover, the ample surface area of cartons allows for vibrant and informative branding, facilitating effective communication with consumers about the nutritional benefits.
Online retail segment is anticipated to witness a strong CAGR throughout 2024 and 2032, backed by evolving consumer preferences and the convenience offered by e-commerce platforms. Pet owners shift toward online channels to purchase pet food, appreciating the ease of browsing a wide range of products, comparing prices, and receiving doorstep deliveries. The online retail model provides an avenue for pet food manufacturers to reach a broader audience, overcoming geographical limitations.
Asia Pacific pet food packaging industry is slated to witness decent growth rate during 2024-2032. Urbanization and an increasingly hectic lifestyle contribute to a growing demand for convenient, ready-to-use pet food packaging solutions. The emphasis on pet health and wellness, coupled with a surge in pet humanization trends, amplifies the need for packaging that preserves the nutritional quality of pet food. Adoption of latest packaging technologies and materials, including smart packaging solutions, further stimulates the regional market dynamics.