Reports and Data added a research publication document on Global Pet Food Packaging Market. Breaking the business down into major segments and highlighting different regions to get an in-depth analysis of this market. The study perfectly balances both subjective and statistical information to explain the current market scenario. The study uses relevant market data, like for historical years it uses data from 2016-2018 and taking 2019 as the base year it gives a result which is predicted to the year 2028.
The global pet food packaging market comprises key players including:
Mondi Plc, Amcor Plc, Constantia Flexibles, Sonoco Products Company, and Huhtamaki OYJ.
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Key findings from the report
In November 2020, Amcor and Nestlé announced what they’re saying is the world’s first recyclable flexible retort pouch.
By the packaging type, the bags segment is anticipated to hold a substantial share in the market for pet food packaging over the forecast period. This segmental growth is attributable to the growing demand for bags for the ease offered during handling coupled with low cost of production.
By food type, the dry food segment is anticipated to hold the significant share in the pet food packaging market and to retain over the forecast period.
The plastic segment is anticipated to lead the pet food packaging market in terms of revenue and likely to retain its dominance over the forecast period. Owing to its benefits, the plastic segment is estimated to witness growth at a fastest CAGR over the forecast period.
By animal type, the cat food segment in the pet food packaging market is projected to expand at a significant CAGR over the forecast period. This growth is attributable to the increasing inclination of pet owners toward adopting cats and adopting expensive cat foods.
Regionally, North America is anticipated to lead the global market for pet food packaging over the forecast period owing to robust demand from the developed countries including the US and Mexico. Additionally, rising inclination toward adoption of pets coupled with changing lifestyles and growing capacity of expending more on pets are driving growth of the global pet food packaging market.
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Thank you for reading this article. You can also get chapter-wise sections or region-wise report coverage for North America, Europe, Asia Pacific, Latin America, and Middle East Africa.
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