The Flexible Pet Care Packaging by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Flexible Pet Care Packaging, The flexible pet care packaging market size has grown strongly in recent years. It will grow from $8.39 billion in 2023 to $9.12 billion in 2024 at a compound annual growth rate (CAGR) of 8.6%. The growth in the historic period can be attributed to consumer convenience, product differentiation, sustainability concerns, portability and lightweight packaging, resealable features, safety and tamper-resistance..
The flexible pet care packaging market size is expected to see strong growth in the next few years. It will grow to $13 billion in 2028 at a compound annual growth rate (CAGR) of 9.3%. The growth in the forecast period can be attributed to rise in premium pet products, preference for sustainable materials, focus on recyclability, hygiene and freshness preservation, interactive packaging experiences.. Major trends in the forecast period include innovative packaging designs, customization and personalization, digital printing, transparency in labeling, collaborations for innovation, online subscription services, e-commerce packaging solutions..
Rising pet ownership is expected to propel the growth of the flexible pet care packaging market going forward. Pet ownership refers to any individual who has custody of or owns a dog, cat, or other domestic pet. More individuals are adopting dogs as a result of demographic shifts and increased income levels which increases the demand for pet care products and packaging. For instance, according to a 2021-2022 survey conducted by the American Pet Products Association (APPA), a US-based not-for-profit industry association that represents more than 1000 pet product manufacturers, importers of pet products, and suppliers of products for non-pet livestock, in the United States, 69 million households have dogs, compared to 45.3 million households with cats. Therefore, the rising pet ownership in flexible pet care packaging is expected to drive the growth of the flexible pet care packaging market.
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The flexible pet care packaging market covered in this report is segmented –
1) By Packaging: Cans, Bags and Pouches, Folding Cartons, Tubes, Blister Packs, Plastic Bottles and Jars
2) By Material: Plastic, Paper and Paperboard, Metal, Other Packaging Materials
3) By Application: Dry Food, Wet Food, Frozen
4) By End Use: Cats, Dogs, Birds, Other End Uses
Product innovation is the key trend gaining popularity in the flexible pet care packaging market. Major players operating in the flexible pet care packaging market are focused on developing new and innovative products to strengthen their market position. For instance, in December 2021, Saudi Basic Industries Corporation, a Saudi Arabia-based chemical manufacturing company, Mars Petcare, a US-based manufacturer of confectionery, pet food, and other food products and a provider of animal care services and Huhtamaki, a Finland-based consumer packaging company collaborated and launched TRUCIRCLE, a pet food packaging using certified circular polypropylene (PP). The partners’ efforts to foster a circular economy by utilizing cutting-edge recycled content in pet food packaging are continued with the introduction of the new wet pet food retort pouch solution.
The flexible pet care packaging market report table of contents includes:
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