In 2023, the global pet care packaging market was assessed to be nearly US$ 10.6 billion, with forecasts suggesting a steady Compound Annual Growth Rate (CAGR) of 4% from 2023 to 2033. The global sales of pet care packaging are expected to reach US$ 15.7 billion by the year 2033. This analysis underscores the consistent demand for pet care packaging solutions, driven by the increasing emphasis on pet health and wellness.
The growth trajectory of the pet care market is set to thrive, driven by a rising demand for pet foods, nutraceuticals, toys, and healthcare supplements. Additionally, significant contributions to market revenue come from products such as clothing, cosmetics, and various other items tailored for pet animals. Pet food emerges as the leading segment in the pet care packaging business, and this trend is anticipated to persist throughout the forecast period, emphasizing the continued importance of packaging in preserving the quality and appeal of pet care products.
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The global demand for pet care packaging solutions is increasing with the greater adoption of pet animals by older age people. The need for single-serve and small-sized pet care products has also increased considerably recently as a result of the growing trend of ready-to-eat pet foods.
Enforcement of domestic rules regarding stringent pet food quality and safety regulations is expected to hinder market trends and opportunities. Shortage of raw materials and fluctuation in their prices is a key challenges faced by paper & paper board packaging materials market suppliers.
Despite such challenges, the global demand for pet care packaging solutions is anticipated to increase because of the growing knowledge of maintaining a pet’s health. Moreover, owing to the rise in pet lovers globally pet care products are gaining traction in recent years.
Key Takeaways from the Pet Care Packaging Market Study Report
The United States dominates the global pet care packaging market in revenue contribution, leading all other countries. In Europe, Germany stands out as a primary producer and supplier of pet care packaging solutions, closely following the United States in revenue generation. Meanwhile, the United Kingdom shows a notable increase in demand for pet care packaging products. Looking ahead, the Asia Pacific region, particularly China and India, is expected to experience significant growth in the sales of pet care packages from 2023 to 2033. The cans and bags segment of pet care packaging holds a substantial share of the market's revenue, highlighting its importance in the industry.
These key takeaways underscore the regional dynamics and market segmentation within the global pet care packaging sector.
Leading Key Players:
Key players in the pet care packaging market include Amcor Plc, Aptar Group Inc., Ardagh Group S.A., Coveris Holdings S.A., Crown Holdings Inc., Constantia Flexibles Group GmbH, KapStone Paper and Packaging Corporation, Kendall Packaging Corporation, Formell Industries Inc., Mondi Group Plc, ProAmpac LLC, WestRock Company, Sonoco Products Co, Silgan Holdings Inc., TCL Packaging Ltd., NNZ Group, The InterFlex Group Inc., and Berry Global Inc. These companies are pivotal in providing innovative packaging solutions tailored to the unique needs of the pet care industry, ensuring product safety, convenience, and sustainability.
among others are some key players in the global pet care packaging market.
Recent Developments
Some new advances that have taken place in the market include the usage of re-seal ability and re-closable plastic pet care packaging and bags with zippers. In January 2022, Amcor plc. launched a new platform for paper-based packaging for several sectors including pet care products.
The PRO-EVP multiwall bags from ProAmpac are used to get sustainable pet food packaging made out of fiber-based renewable resources and poly/paper hybrid materials. The company already has its PRO-DURA range that does come through in the form of woven polypropylene bags, thereby offering durability and flexibility.
Ceetek, on the same note, has come up with a novel sealing approach called ‘Integrity Seal System’ in partnership with IFP (International Food partners) and WRAP, a packaging company. This could also cut down on standard seal size to 1.5 mm wide 30 from 15 mm.
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