Feed Packaging Market Worth $17.8 Billion by 2023 - Exclusive Report by MarketsandMarkets™

CHICAGO, November 30, 2018 /PRNewswire/ --

According to the new market research report "Feed Packaging Market by Pet (Dogs, Cats, Fish, and Birds), Livestock (Poultry, Ruminants, and Swine), Type (Flexible and Rigid), Feed Type (Dry, Wet, Pet Treats, and Chilled & Frozen), Material, and Region - Global Forecast to 2023", published by MarketsandMarkets™, the Feed Packaging Market is projected to grow from USD 13.8 billion in 2018 to USD 17.8 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 5.2% during the forecast period. The feed packaging market is further bifurcated into pet food and livestock feed packaging. The major factors driving the feed packaging market include the increasing trend of pet humanization and the growing spending on the pet care and feed industry in developing regions. Further, the growing demand for shelf extension of feed at small and middle-scale livestock rearers' end is also expected to drive the market.

     (Logo: https://mma.prnewswire.com/media/660509/MarketsandMarkets_Logo.jpg )

Don't miss out on business opportunities in Feed Packaging Market.

Speak to Our Analyst and gain crucial industry insights that will help your business grow: https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=187589113

The plastic segment is projected to grow at the highest CAGR in the global feed packaging market during the forecast period. 

The feed packaging (for pets) market has been segmented, on the basis of material, into 4major categories: plastic, paper & paperboards, metals, and others. The market for plastics is driven by advancements such as usage of decomposable and biodegradable plastic in plastic packaging and the growing demand for attractive and see-through packaging for pet food.

Browse in-depth TOC on "Feed Packaging Market"

120 - Tables
49 - Figures
208 - Pages 

View more detailed TOC @ https://www.marketsandmarkets.com/Market-Reports/feed-packaging-market-187589113.html

The feed packaging (for livestock) market has been segmented, on the basis of material, into 4 major categories: plastic, paper, jute, and others. Plastic packaging is relatively affordable, reusable, convenient, and prevents feed from spoilage. Furthermore, plastic is durable, tensile, and can take any shape or size. It is the most appropriate form of material and helps to retain shelf life extension of feed without degrading its texture and taste.

The plastic segment, by material, is projected to grow at the highest rate during the forecast period. 

The plastic is among the most used material in the feed packaging market for both pets and livestock. This is owing to the increasing demand for convenient packaging, online pet food shopping, the rise in consumption of single-serve pet food, growing consumption on compound feed along with wet feed additives. The flexible packaging type, wherein the plastic material is highly used, has been playing the major role in the feed packaging market. Further, advancements in the packaging industry-for instance, the usage of decomposable and biodegradable plastic materials and the adoption of recyclable and reusable packaging-are driving the growth of this market. Moreover, compared to other materials, plastic is more durable, tensile, and can take any shape or size. These factors have   boosted the growth of the feed packaging market.

Request Free Sample Pages@ https://www.marketsandmarkets.com/requestsampleNew.asp?id=187589113

 The key markets such as the US have been witnessing an increase in the number of pet dogs. Similarly, in growing markets such as India, pet dog population has grown significantly in the last ten years and is further expected to grow in the coming five to six years. Additionally, pets are being treated as companions in the majority of households in the developed countries. This trend has also been growing in developing countries like Brazil, China, India, and Thailand. This has further stimulated pet owners to spend more on premium pet foods. Such positive trends in pet dog food demand are expected to drive the feed packaging market for dogs.

North America is projected to hold the largest market share in the feed packaging (for pets) market during the forecast period. 

North America is estimated to account for the largest share of the market in 2018. The region is considered the most advanced, in terms of pet adoption and packaging technology. The market for feed packaging (for pets) in this region is mainly driven by high pet ownership, premiumization, the proliferation of innovations, and the introduction of a variety of packaging types for pet food. Increasing demand for premium pet food with high nutritional value, along with pet food safety concerns among pet owners, has helped to improve the quality standards of packaging and labeling in the region, thereby propelling the market growth for pet food packaging.

Major vendors in the feed packaging market include LC Packaging (the Netherlands); El Dorado Packaging, Inc. (US); NPP Group Limited (Ireland); Plasteuropa Group (UK); NYP Corp. (US); ABC Packaging Direct (US); Shenzhen Longma Industrial Co., Limited (China); Amcor Limited (Australia); Mondi Group (Austria); ProAmpac (US); Sonoco Products Company (US); Winpak Ltd., (Canada); NNZ Group (the Netherlands); Constantia Flexible Group (Austria); and Huhtamäki Oyj (Finland).

Browse Adjacent Markets @ Feed and Animal Nutrition Market Research Reports & Consulting 

About MarketsandMarkets™  

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com

Research Insight @ https://www.marketsandmarkets.com/ResearchInsight/feed-packaging-market.asp

Visit Our Website: https://www.marketsandmarkets.com