Technavio, London, U.K, yesterday (December 9) published details about a new report covering the growth prospects of the global pet food packaging market with segmentation based on product type. The major geographies include APAC, Europe, North America, and ROW. It also includes an insightful analysis of the major vendors in this market such as Amcor, Bemis, Mondi, and Sonoco.

Technavio analysts predict the global pet food packaging market will grow at a CAGR of 8% between 2015 and 2020. The market is expected to witness moderate growth in terms of revenue. The growing use of flexible packaging such as sachets and pouches is prompting vendors to look for innovative and value-added packaging products and solutions. 

 

 

Photo: Cats tend to have a unique appreciation for paper products. For years paper based bags have been a standard in their food packaging, especially dry cat food. However, the pet food packaging industry is beginning to move away from paper bag packaging to flexible plastic packaging, barring significant innovation by the paper industry to compete with flexible pouches and the benefits they offer such as the ability to re-seal their contents to keep pet food fresh.

 

This market research report emphasizes growth factors such as a rise in e-commerce for pet products, demand for single-serve, smaller, and re-closable packaging for easy carrying and disposal. The demand for pouch packaging is expected to increase plastic packaging during the forecast period.

Segmentation by product type of global pet food packaging market: 

• Paper Bags
• Metal cans
• Pouches
• Folding cartons
• Others.

In 2015, the predominately paper based bags segment accounted for the major share of the market, and this share is expected to increase at a marginal level by 2020. However, Technavio market research analysts predict a significant shift in the preference of companies using rigid packaging switching over to flexible plastic packaging, such as pouches, during the forecast period. As per the forecast, demand for convenience in packaging will also emerge as a key growth driver for this segment during the forecast period. Increased competition with plastic based innovations will be an important focus of paper companies seeking to maintain a sizable market share.

Segmentation by geography of global pet food packaging market:

• North America
• Europe
• APAC
• ROW.

In 2015, North America dominated the global pet food packaging market, followed by Europe, APAC, and ROW. The MEA and Latin America are part of the ROW and are expected to grow rapidly by 2020. North America will retain its dominant position in the market by 2020.

Vendors compete in terms of costs as it is difficult for them to compete with international vendors in terms of quality, features, and range of offerings. Vendors have high scope for innovation because of the growing demand for high-quality packaged food products. International players are expected to grow inorganically by 2020 by acquiring regional or local players. The key players in the market are expected to diversify their geographical presence with a focus on APAC and the ROW during the forecast period.

Major vendors in this market include: 

• Amcor
• Bemis
• Mondi
• Sonoco

The other prominent vendors of the market include American Packaging, Ampac, AptarGroup, Ardagh Group, Ball, Berlin Packaging, Berry Plastics, Gateway Packaging, Greif, Graphic Packaging, InterFlex Group, KapStone, WestRock, Mondi Group, Printpack, Reynolds Group Holding, and Silgan.