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DUBLIN--(BUSINESS WIRE)--Sep 20, 2022--
The "Pet Food Packaging Market By Material Type, By Food Type, By Animals Type: Global Opportunity Analysis and Industry Forecast, 2020-2030" report has been added to ResearchAndMarkets.com's offering.
The pet food packaging market size was valued at $9,435.2 million in 2020, and is projected to reach $16,579.3 million by 2030, registering a CAGR of 5.7% from 2021 to 2030.
Food packaging is an enclosed container or packet, which protects food from tampering and contamination. It also protects foods from physical, biological, and chemical sources, which help to maintain the nutrients of food. To prevent contamination and ensure the sanitation of animal feed, pet food packaging is a complete animal-cooked diet.
Moreover, the pet food packaging market has grown owing to increase in adoption of pets in developed countries. In addition, rise in health concern of pets and animals has created demand for sustainable food packaging and thus driving the growth forward. To preserve pet food packaging quality, increasing issues about pets' health are driving adoption of spill-proof and innovative pet food packaging. Furthermore, high income level of pet owners and changing lifestyles are creating demand for pet food and its packaging and thus boosting the global market.
Furthermore, large number of pet food packaging is manufactured by major key players in the market to overcome traditional packaging ways and to increase productivity. For instance, in October 2021, Mondi launched a new sustainable premium food and pet food packaging solutions product, RetortPouch Recyclable, for ensuring that all of its products are reusable, recyclable.
Similarly, in November 2021, Mondi acquired a leading manufacturer in Turkey that provides high-quality sustainable packaging for food, beverage, agriculture, and industrial food types Olmuksan for expansion in their business in Turkey for sustainable packing. As a result, all such factors provide lucrative growth in the market.
Key Benefits For Stakeholders
Key Market Segments
By Material Type
By Food Type
By Animals Type
By Region
Key Market Players
For more information about this report visit https://www.researchandmarkets.com/r/3yyqbg
View source version on businesswire.com:https://www.businesswire.com/news/home/20220920005806/en/
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KEYWORD:
INDUSTRY KEYWORD: PACKAGING MANUFACTURING PETS CONSUMER
SOURCE: Research and Markets
Copyright Business Wire 2022.
PUB: 09/20/2022 07:43 AM/DISC: 09/20/2022 07:43 AM
http://www.businesswire.com/news/home/20220920005806/en