Growing Pet Food Demand Stimulates Growth
In the wake of COVID-19, the global pet care packaging market is likely to experience deceleration in the near-term forecast. Rising pet ownership around the world has accelerated demand for pet care products such as pet foods, toys, nutraceuticals, healthcare supplements, cosmetics, clothes and other products. The ever increasing demand for pet foods is slated to emerge as the key driver of the pet care packaging market from 2020-2030.
Growing Demand for Paper & Paperboard Packaging
Growing concerns regarding recyclability and sustainability of conventional packaging materials such as metals and plastics is broadening the scope of paper & paperboard packaging materials. The segment is poised to hold a succulent market share throughout the forecast period.
High demand for lightweight and flexible packaging solutions is also expected to steer the paper & paperboard segment. Moderate deceleration is expected due to COVID-19, attributed to temporary dips in production cycles until 2021-end. Growth is likely to resume traction after the said period.
Cans Continue to Hold High Market Share
As demand for pet food increases, metal cans production to store the pet food is experiencing a massive uptick. This trend is scheduled to continue in the upcoming assessment period. Manufacturers are looking to introduce innovative design patterns to enhance aesthetic appeal and attract more customers.
However, bags and pouches are acquiring significant momentum. This is largely in response to growing environmental consciousness among pet owners. Re-closable and reusable stand-up pouches are especially becoming highly popular among customers. These materials are expected to provide competition to metal packaging materials.
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Asia Pacific Complementing Demand from Traditional Markets
Countries such as India, China and Japan are expected to emerge as the highest growing regions for pet care packaging in the forthcoming assessment decade. Growth is primarily ascribed to rising pet ownership due to increasing nuclear families and pet humanization trends.
North America is likely to retain market hegemony, driven by a high proportion of dog and cat ownership by individual households. This has prompted major food giants to introduce pet food portfolios in their businesses. Europe is poised to emerge as the 2nd most dominant market after North America.
Pet Care Packaging Market- Prominent Players
The global pet care packaging market is characterized by the presence of numerous regional and international market players. This has rendered the landscape highly competitive in nature. Some prominent vendors analyzed in this report are*:
- Amcor Limited
- AptarGroup Inc.
- Ardagh Group S.A
- Bemis Company Inc.
- Coveris Holdings S.A
- Crown Holdings Inc.
- Constantia Flexibles Group GmbH
- KapStone Paper and Packaging Corporation
- Kendall Packaging Corporation
- Formell Industries Inc.
- Mondi Group Plc.
- ProAmpac LLC
- WestRock Company
*This list is indicative- full details about global pet care packaging vendors is available upon request.
A multitude of market strategies are being deployed by the aforementioned vendors in order to survive the cut-throat competition levels across potential regions. Strategies such as product innovations, mergers & acquisitions, portfolio expansion and accelerating R&D are proving highly effective in deepening the players’ regional and global footprints.
In addition, prominent players are also leveraging online marketing platforms due to the surging popularity of e-commerce. A majority of pet owners prefer to purchase merchandise within the comfort of their homes through prominent digital marketing platforms.
Pet Care Packaging Market- Report Scope
Historical Data Available for
US$ Mn for Value and Units for Volume
Key Regions Covered
North America, Latin America, Europe, Middle East & Africa, East Asia, South Asia and Oceania
Key Countries Covered
U.S., Canada, Brazil, Mexico, Germany, Italy, France, U.K., Spain, Russia, Poland, Turkey, South Africa, GCC, Japan, South Korea, India, China, Australia & New Zealand.
Key Segments Covered
Material Type, Packaging Type, Application & End Use
Key Companies Profiled
Market Overview, Key Market Trends, Key Success Factors, Demand Analysis, Market Background, COVID-19’s Impact, Segmental Analysis, Regional Profiling, Market Structure Analysis and Competition Analysis
Customization & Pricing
Key questions answered in the report
- What is the pet care packaging market size?
According to FMI, the global pet care packaging market is scheduled to surpass the US$ 10 billion valuation by 2030. This positive growth is largely a result of surging pet ownership and a consequent increase in pet care expenditure.
As pet owners turn towards online platforms to purchase pet care products, vendors are collaborating with existing platforms to market their products, besides initiating their own web shopping portals. Such measures are expected to sustain the market throughout the pandemic’s duration.
- How will COVID-19 impact demand for pet care packaging?
The COVID-19 pandemic is likely to moderately impede growth prospects of the pet car packaging market until 2021-end. Slight disruptions in the supply chain were experienced due to logistical constraints which are gradually eroding as lockdown restrictions are easing.
- Which is the most widely used material for pet care packaging?
Paper & paperboard packaging materials are likely to garner major traction, owing to increasing concerns amongst manufacturers and customers about the hazards of using conventional packaging materials such as metal on the environment.Moreover, the era of flexible and lightweight packaging is augmenting usage of paper & paperboard packaging across major industries, including the pet care packaging market.
- Which pet care packaging is most used?
While cans are expected to glean maximum revenue throughout the assessment period, the popularity of bags & pouches is augmenting multifold. Rising demand for pet foods and accessories is likely to push up demand for the aforementioned packaging types.
- Which is the largest market for pet care packaging?
Asia-Pacific is expected to be the fastest growing pet care packaging market. Majority of this growth is likely to occur across the emerging economies of India, China and Japan.
Growth in these countries is attributed to the increasing prevalence of nuclear families which necessitates the need to find a companion. Thus, the proportion of pet ownership has gone up significantly, leading to rising expenditure on pet care products.
- Who are the leading players in pet care packaging?
The global pet care packaging market is characterized by the presence of numerous regional and international market players. Some prominent vendors analyzed in this report are: Amcor Limited, AptarGroup Inc., Ardagh Group S.A, Bemis Company Inc., Coveris Holdings S.A, Crown Holdings Inc. and Constantia Flexibles Group GmbH.
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- Is this research conducted by Future Market Insights?
Yes, the pet care packaging market research has been conducted by expert analysts of Future Market Insights through a combination of primary and secondary research. To know more about how the research was conducted, you can speak to the research analyst
- What research methodology is followed by FMI?
FMI follows a methodology that encompasses the demand side assessment of the market, and triangulates the same through a supply side analysis. This methodology is based on use of standard market structure, methods and definitions.
- Who are the respondents for primary research?
FMI speaks to stakeholders across the spectrum, including C-level executives, distributors, product manufacturers, industry experts. For a full list of primary respondents, please reach out to us.
- What are the sources of secondary research?
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- Paper & Paperboard
- Other Packaging Material
- Bags & Pouches
- Folding Cartons
- Blister Packs
- Plastic Bottles & Jars
- Others (Tubes, Cups, etc.)
- Dry Food
- Wet Food
- Pet Treat
- North America (U.S & Canada)
- Latin America (Brazil, Mexico, Argentina & Rest of Latin America)
- Europe (Germany, Italy, France, U.K., Spain, BENELUX, Nordics, Russia, Poland & Rest of Europe)
- Middle East & Africa (GCC, Turkey, Northern Africa, South Africa & Rest of MEA)
- East Asia (China, Japan & South Korea)
- South Asia (India, Thailand, Indonesia, Malaysia & Rest of South Asia)
- Oceania (Australia & New Zealand)