The global pet food packaging market is projected to reach $8,190.2 Million by 2020, with a CAGR of 5.08% from 2015 to 2020.
Dallas, TX -- (SBWIRE) -- 06/10/2015 -- The North American region accounted for around 39.4% of the total market share in terms of value, followed by the European and Asia-Pacific regions. As consumers are becoming more concerned towards health of their pets, they are looking for quality packaging that can protect pet food products. Factors such as the improving global economy, increase in pet ownership, high disposable income, changing lifestyles, pet humanization, and the growing middle-class families in emerging countries such as China and India have increased the consumption of pet food products. This in turn has stimulated the demand for pet food packaging. The major players in the market have a strong distribution network across the world and the financial strength to sustain them. The same cannot be said about new entrants in the market. For the pet food packaging market, it is essential to have a strong distribution network to enable timely delivery of the product to customers whenever needed as well as implement all rules and regulations set by the several regulatory bodies. New entrants find it difficult to compete against established players in this regard. Browse 232 market data tables & 49 figures spread through 238 pages and in-depth TOC on "Pet Food Packaging Market" at http://www.rnrmarketresearch.com/pet-food-packaging-market-by-packaging-material-paper-paperboard-flexible-plastic-rigid-plastic-metal-packaging-type-bags-cans-pouches-boxescartons-food-type-dry-wet-chilled-frozen-market-report.html
The players in the global pet food packaging market are well-established. It is very difficult for new players to enter the market and compete with these established players. Even end users prefer products from established players, rather than new players. The key players in the market include Amcor Limited (Australia), Sonono Products Company (U.S.), Constantia Flexibles (Austria), Huhtamäki OYJ (Finland), Ampac (U.S.), Bosch Packaging Technology (Germany), Bemis Co., Inc. (Italy), Goglio SpA (America), and Mondi Group (South Africa). In this report, the global pet food packaging market is segmented into packaging material type, packaging type, food type, animal food, and regions.
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Increasing disposable incomes of people in developing countries, the rising single-person household, increasing number of nuclear families, changing lifestyles of people, and the rising consumer expectations towards sustainable packaging drive the growth of the pet food packaging market. There are certain factors prevailing in the market that hinder its growth, namely, stringent rules & regulation in the pet food packaging and packaging issues such as product shelf life. The global pet food packaging market is marked with intense competition due to the presence of a large number of both, big and small firms. New product launches, mergers & acquisitions, and partnerships & expansions are the key strategies adopted by market players to ensure their growth in the market.
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