Technavio Expects the Global Pet food Packaging Market to Exceed USD 7 Billion by 2020

LONDON–(BUSINESS WIRE)–According to the latest market research study released by Technavio,
the global
pet food packaging market
is expected to exceed USD 7 billion by
2020, growing at a CAGR of over 7% during the forecast period.

This research report titled ‘Global
Pet food Packaging Market 2016-2020
’, provides an in-depth
analysis of the market in terms of revenue and emerging market trends.
This market research report also includes an up to date analysis and
forecast for various market segments and all geographical regions.

Request sample report: http://goo.gl/BOkcHB

The report segments the global pet food packaging market by product type
and can be divided into five broad categories:

  • Global bag type pet food packaging market
  • Global metal can type pet food packaging market
  • Global pouches type pet food packaging market
  • Global folding carton type pet food packaging market
  • Global other type pet food packaging market

Global bag type pet food packaging market

The global bag type pet food packaging market is expected to exceed USD
3 billion by 2020, growing at a CAGR of almost 8%.

Bags are lightweight and available at low costs. They are also available
in different shapes and designs. However, the demand for sustainable,
eco-friendly packaging compels vendors to introduce recyclable options
in bags.

Global metal can type pet food packaging market

The global metal can type pet food packaging market is expected to reach
USD 2 billion by 2020, growing at a CAGR of over 5%.

Metal can type packaging is temperature resistant and provides long
shelf life for products enclosed in it. “However, growing demand for
rigid and flexible plastic packaging products, such as pouches and bags,
poses a challenge for the metal can packaging vendors in the market.
Companies prefer low-cost plastic packaging over metal can packaging as
both packaging materials offer similar functions and features,” says
Sharan Raj, lead analyst at Technavio for packaging
research.

Global pouches type pet food packaging market

The global pouches type pet food packaging market is expected to exceed
USD 1.8 billion by 2020, growing at a CAGR of 11%.

The use of pouches for pet food packaging is increasing because of a
rise in the demand for convenient packaging. The material used in making
pouches is chosen based on the nature of the product that needs to be
packed and the specific requirements of the manufacturers. Biodegradable
and sustainable forms of pouches have also been introduced to meet the
demand for eco-friendly packaging.

Recently, packaging product manufacturers have introduced flat-bottom
pouches. These pouches can be kept in standing position, increasing
their shelf appeal. In addition, reclosable, flat-bottom side-gusseted
boxes, and pinch-bottom box pouches have also been introduced. However,
sustainability issues faced by the vendors and the lack of barrier
properties hinder the growth of this market.

Global folding carton type pet food packaging market

The global folding carton type pet food packaging market is expected to
grow at a CAGR of over 3%.

The use of folding cartons in packaging is becoming obsolete with the
emergence of other packaging materials that are easier to carry,
distribute, store, and dispose.

Global other type pet food packaging market

The global other type pet food packaging market is expected to exceed
USD 500 million by 2020, growing at a CAGR of over 5%.

Other packaging products include materials such as tubes, cups, and
crates. This market also includes customized packaging solutions. The
need for convenience and lightweight features will propel the demand for
tubs and cups in pet food packaging. Tubs and cups will continue to
replace metal containers in the wet pet food segment during the forecast
period. In addition, the peelable lid feature is likely to boost the
demand for these packaging products.

Technavio’s transportation
and logistics
research analysts highlight the following four
vendors as the top contributors to the global petfood packaging market:

  • Amcor
  • Bemis
  • Mondi
  • Sonoco

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About Technavio

Technavio
is a leading global technology research and advisory company. The
company develops over 2000 pieces of research every year, covering more
than 500 technologies across 80 countries. Technavio has about 300
analysts globally who specialize in customized consulting and business
research assignments across the latest leading edge technologies.

Technavio analysts employ primary as well as secondary research
techniques to ascertain the size and vendor landscape in a range of
markets. Analysts obtain information using a combination of bottom-up
and top-down approaches, besides using in-house market modeling tools
and proprietary databases. They corroborate this data with the data
obtained from various market participants and stakeholders across the
value chain, including vendors, service providers, distributors,
re-sellers, and end-users.

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