Petcare Packaging Market: Global Research and Analysis 2015-2019
About pet care packaging
Pet care products include a variety of products such as food, healthcare products, grooming products, hygiene products, and accessories for pets. The pet care packaging products are bags, pouches, plastic bottles, metal cans, folding cartons, and other packaging formats.
Technavio's analysts forecast the global pet care packaging market to grow at a CAGR of 2.97% over the period 2014-2019.
Covered in this report
The report covers the current scenario and the growth prospects of the global pet care packaging market for the period of 2015-2019. Based on the product type, the market can be categorized into five segments: flexible packaging, rigid metals, rigid plastic, paperboard, and others. In addition, the market can be categorized into pet food and other pet supplies.
Technavio's report, Global Pet Care Packaging Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts.
Technavio Announces the Publication of its Research Report – Global Petcare Packaging Market 2015-2019
Technavio recognizes the following companies as the key players in the Global Petcare Packaging Market: Amcor, Bemis, Graphic Packaging, Printpack, Mondi and Sonoco
Other Prominent Vendors in the market are: American Packaging, Ampac, AptarGroup, Ardagh Group, Ball, Berlin Packaging, Berry Plastics, Gateway Packaging, Greif, Hood Packaging, InterFlex Group, KapStone, MeadWestVaco, Reynolds Group Holding, Silgan, and Winpak.
Commenting on the report, an analyst from Technavio’s team said: “Pouch packaging has witnessed increased adoption because of growing preferences for flexible packaging. Pouches are lightweight and cost less, which contributes to their increased adoption. The increase in pet humanization has led to growth in premium products, and clients are asking for customized and premium packaging solutions from vendors, which is positively affecting the sales in the market.”
According to the report, in recent years, with the surge in pet ownership and with the rise in disposable income, consumers are opting for retail and premium products, propelling demand for packaging products. Also, pet owners have been focusing on nutritional foods for their pets, leading to increased adoption of natural, organic, and nutritious pet food products. This has led to the introduction of new pet foods, and, as a result, volume growth in pet food packaging.
Further, the report states that the increase in the prices of raw materials remains one of the major challenges faced by the market in recent years, where the widening of the demand-supply gap has led to a substantial increase in prices.
Amcor, Bemis, Graphic Packaging, Printpack, Mondi, Sonoco, American Packaging, Ampac, AptarGroup, Ardagh Group, Ball, Berlin Packaging, Berry Plastics, Gateway Packaging, Greif, Hood Packaging, InterFlex Group, KapStone, MeadWestVaco, Reynolds Group Holding, Silgan, Winpak.