Feed Packaging Global Market Report 2024

“Feed Packaging Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on feed packaging market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

• Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
• Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
• Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
• Measure the impact of high global inflation on market growth.
• Create regional and country strategies on the basis of local data and analysis.
• Identify growth segments for investment.
• Outperform competitors using forecast data and the drivers and trends shaping the market.
• Understand customers based on the latest market shares.
• Benchmark performance against key competitors.
• Suitable for supporting your internal and external presentations with reliable high quality data and analysis
• Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
• All data from the report will also be delivered in an excel dashboard format.

Where is the largest and fastest growing market for feed packaging? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The feed packaging market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

• 1) By Type: Flexible Packaging; Rigid Packaging
• 2) By Feed Type: Dry; Wet; Pet Treats; Chilled And Frozen; Other Feed Types
• 3) By Material: Plastic; Polyethylene; Low-Density Polyethylene (LDPE); High-Density Polyethylene (HDPE); Polypropylene (PP); Paper; Jute; Metal
• 5) By Application: Poultry Feed; Ruminants Feed; Swine Feed; Aquatic Animals Feed; Other Applications
• Companies Mentioned: Transcontinental Inc.; Bemis Company Inc.; Ardagh Group S.A.; Winpak Ltd.; Snapsil Corporation
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
• Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
• Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

Feed packaging serves as a protective barrier to safeguard feed products from potential tampering or contamination arising from physical, chemical, and biological sources. The primary objective of packaging is to shield the finalized feed from contaminants such as light, moisture, and other external elements.

Two main types of feed packaging are flexible packaging and rigid packaging. Flexible single-use packaging is characterized by its portability, user-friendly nature, unbreakable properties, and lightweight design, offering customers ease of handling. Various feed types, including dry, wet, pet treats, chilled and frozen options, utilize different materials such as plastic, polyethylene, low-density polyethylene (LDPE), high-density polyethylene (HDPE), polypropylene (PP), paper, jute, and metal. These materials find applications across diverse feed categories such as poultry feed, ruminants feed, swine feed, aquatic animals feed, and more.

The feed packaging market research report is one of a series of new reports from The Business Research Company that provides feed packaging market statistics, including feed packaging industry global market size, regional shares, competitors with a feed packaging market share, detailed feed packaging market segments, market trends, and opportunities, and any further data you may need to thrive in the feed packaging industry. This feed packaging market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The feed packaging market size has grown strongly in recent years. It will grow from $17.86 billion in 2023 to $19.15 billion in 2024 at a compound annual growth rate (CAGR) of 7.2%. The expansion observed in the historical period can be ascribed to strict regulations governing feed quality, the globalized nature of feed trade, emphasis on feed hygiene and safety, increasing demand for specialty feeds, and endeavors to mitigate feed spoilage.

The feed packaging market size is expected to see strong growth in the next few years. It will grow to $24.38 billion in 2028 at a compound annual growth rate (CAGR) of 6.2%. The anticipated expansion in the forecast period can be linked to the burgeoning e-commerce sector in pet food sales, the growing aquaculture industry, emphasis on recyclable packaging, the globalized nature of the feed additives market, and sustainability initiatives in packaging. Key trends expected in the forecast period encompass customization and branding, the integration of blockchain and traceability in feed production, digitalization in supply chain management, the adoption of bulk and flexible packaging, incorporation of resealable and reclosable features, and the implementation of anti-counterfeiting measures.

The surge in pet adoption is anticipated to drive the growth of the feed packaging market in the future. Pet adoption involves acquiring animals through rescue groups rather than purchasing them from pet shops or breeders. Pet owners prefer reliable feed packaging to ensure the nutritional quality and safety of animal feed. The increasing trend of pet adoption contributes to a rising demand for feed packaging. For example, as of February 2023, Chewy Inc., a US-based online retailer of pet products, reported that approximately 977,202 pets were adopted in the US in 2021, marking the highest adoption rate of 61% in the past six years. Additionally, a national survey conducted by Animal Medicines Australia (AMA) in November 2022 found that about half of Australian households had at least one dog, representing a 40% increase from 2019. Thus, the growing rate of pet adoption is a key driver for the feed packaging market.

The expanding presence of the e-commerce sector is expected to contribute to the growth of the feed packaging market. E-commerce, involving online buying and selling of goods or services, demands packaging solutions suitable for online retail. With e-commerce platforms offering extended distribution channels, specialized packaging is essential to protect feed products during shipping. Success in the competitive online landscape requires customized and convenient packaging options, efficient supply chain designs, and adherence to regulatory standards. For instance, data from the United States Department of Commerce in May 2021 indicated a substantial 39.0% increase in US e-commerce sales in the first quarter of 2021 compared to the same period in 2020. Consequently, the expanding e-commerce sector is a driving force behind the growth of the feed packaging market.

Major players in the feed packaging market are dedicated to developing innovative retort pouches using post-consumer recycled materials to enhance their competitive position. Post-consumer recycled materials are those that have been used by consumers, recycled after initial use, and repurposed into new products. An example of this commitment is ProAmpac LLC, a US-based flexible packaging company, which introduced the ProActive PCR Retort pouches in April 2022. These pouches, suitable for both pet and human food packaging, meet EU and FDA standards for food contact in retort applications. Featuring 30% or more post-consumer recycled content, these pouches significantly reduce the reliance on virgin resins. Despite their sustainability focus, ProActive PCR Retort pouches maintain high-definition graphic quality, preserving brand identity and product freshness while meeting sustainability objectives. The advanced material science applied in their engineering ensures superior barrier properties, hermeticity during filling and retorting, excellent flex crack resistance, and easy-open tear functionality. These pouches offer optimal filling line efficiency, shelf-life, mechanical performance, and pin-hole resistance, providing an environmentally friendly choice without compromising performance.

Key companies are engaging in partnerships to introduce novel products and fortify their market positions. Collaborations in this sector enable the development of innovative and sustainable products by combining the expertise, resources, and commitment to environmental responsibility of participating companies. For example, in October 2023, Prime100 USA LLC, an Australia-based pet food manufacturer, collaborated with Tetra Pak, a Switzerland-based food packaging company, to launch a new sustainably packaged pet food product. This partnership, leveraging Tetra Pak's expertise in sustainable packaging and Prime100's dedication to quality pet nutrition, led to the creation of the SPD (Single Protein Diet) product range. Packaged in Tetra Recart, a carton-based solution with the lowest CO2 footprint, this product offers a single protein source suitable for various dog breeds. This collaboration marks a transformative era where pet nutrition meets environmental consciousness, aligning with a shared vision to provide high-quality, sustainable solutions for pets and their owners.

In April 2021, Excel Nobleza, S.A.P.I. de C.V., a Mexico-based packaging company, acquired a majority stake in Polymerall LLC for an undisclosed amount. This strategic acquisition by Excel Nobleza reinforces its international expansion strategy by improving distribution efficiency, ensuring cost-effective supply chains, and leveraging Polymerall's expertise to provide competitive delivery terms and pricing in the U.S. market. Polymerall LLC, based in the US, specializes in the manufacturing and distribution of flexible packaging, focusing on custom-printed and laminated films, bags, and pouches.

Major companies operating in the feed packaging market report are Transcontinental Inc., Bemis Company Inc., Ardagh Group S.A., Winpak Ltd., Snapsil Corporation, Sealed Air Corporation, Coveris, Immer Ltd., Flextrus AB, ProAmpac, Amerplast Ltd., Berry Global Inc., Vietnam Plastic Corporation, International Plastics Inc., Rutan Poly Industries Inc., Amcor plc, Smurfit Kappa Group plc, Mondi Limited, Ball Corporation, Tetra Laval Corporation, Schur Flexibles Group, Anchor Packaging Inc., Crown Holdings Inc., The International Paper Company, WestRock Company, Graham Packaging Company Inc., Huhtamaki Oyj, Sonoco Products Company, Constantia Flexibles, Pactiv Evergreen Inc., Dart Container Corporation, American Packaging Corporation, Cargill Incorporated, Nestle S.A.

Asia-Pacific was the largest region in the feed packaging market in 2023. North America is expected to be the fastest-growing region in the global feed packaging market during the forecast period. The regions covered in the feed packaging market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the feed packaging market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain

The feed packaging market consists of revenues earned by entities by providing sustainable packaging, recyclable packaging, smart packaging and aseptic processing. The market value includes the value of related goods sold by the service provider or included within the service offering. The feed packaging market also includes sales of bulk bags, paper bags, woven valve bags, and barrier bags which are used for providing feed packaging services. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.