The global pet food packaging market size was valued at USD 10.73 billion in 2023. The market is expected to expand from USD 11.38 billion in 2024 to USD 18.48 billion by 2032, exhibiting a CAGR of 6.25% over the study period.

Packaging has a crucial role in the pet food industry as a protection against aroma loss and a barrier against external factors, including moisture, oxygen, and light. The rising demand for customized printing and graphic printing to attract pet owners is boosting market growth.

Report Coverage

The report provides a comprehensive coverage of the key driving and restraining factors impacting the market growth. In addition, it highlights the latest trends, the COVID-19 pandemic impact, and notable industry developments. Besides this, the report offers vital insights into the strategic initiatives undertaken by market leaders to stand out from the competition.

Drivers and Restraints:

Surging Innovation and the Usage of Smart Packaging in the Pet Food Industry to Fuel Market Growth

Intelligent packaging solutions, including freshness indicators, QR codes, and RFID tags are being deployed increasingly in a frequent manner. Through these technologies, pet owners can access real-time product information with expiration dates, feeding recommendations, and nutritional updates. Thus, these factors are boosting the pet food packaging market growth.

However, issues can be presented by manufacturing packaging products, including containers, bags, and pouches with high barriers, specifically for wet food with renewable sources.

Regional Insights:

Europe Dominates Due to Consistent Surge in Geriatric Population

Europe secures the largest pet food packaging market share. The consistent rise in the geriatric population has resulted in an increase in the number of pet adoptions to enhance the physical and mental health of the pet owner.

Asia Pacific’s market for pet food packaging is witnessing the fastest growth due to the rising younger population.

Competitive Landscape:

Key Companies Leverage Product Innovation Strategies to Broaden Their Portfolio

Berry Global, Sonoco Products Company, Amcor, Huhtamaki, and Sealed Air are some of the prominent companies in the pet food packaging market. Different strategic moves are being adopted by top companies to keep ahead of the competition. Many companies are focusing on innovative pet food packaging solutions for the expansion of their portfolios.

Browse Summary: https://www.fortunebusinessinsights.com/pet-food-packaging-market-108345