DALLAS, June 8, 2015 /PRNewswire/ --
The report "Pet Food Packaging Market by Packaging Material (Paper & Paperboard, Flexible Plastic, Rigid Plastic, Metal), by Packaging Type (Bags, Cans, Pouches, Boxes/Cartons), by Food Type (Dry, Wet, Chilled & Frozen, Pet Treats), by Animal Type (Dog, Cat, Fish, Bird), by Region - Trends & Forecast to 2020" published by MarketsandMarkets, the global Pet Food Packaging Market is projected to reach $8,190.2 Million by 2020, with a CAGR of 5.08% from 2015 to 2020.
Browse 232 market data Tables and 49 Figures spread through 238 Pages and in-depth TOC on "Pet Food Packaging Market"
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The market report defines and segments the global Pet Food Packaging Market with analysis and forecasting of the global revenues for pet food packaging. It also identifies the driving and restraining factors of the market with analysis of trends, opportunities, burning issues, winning imperatives, and challenges. The market is segmented and revenues are forecasted on the basis of major regions, such as North America, Europe, Asia-Pacific, and Rest of the World (ROW). The key countries are covered and their market sizes have been forecasted for each region. Further, the market is segmented and revenues are forecasted on the basis of applications.
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The Pet Food Packaging Market is mostly driven by the increasing pet adoption and the increase in spending by pet owners on pet food products. With innovation in pet food products and rising competition in the Pet Food Packaging Market, manufacturers are also opting for quality and sustainable packaging to attract customers.
The global Pet Food Packaging Market is projected to reach $8,190.2 Million by 2020, with a CAGR of 5.08% from 2015 to 2020. The North American region accounted for around 39.4% of the total market share in terms of value, followed by the European and Asia-Pacific regions.
The global Pet Food Packaging Industry is projected to grow at a fast pace in the coming years as a result of rising disposable income, awareness towards humanization of pets, increasing spending on the pet food products, growing nuclear families & dual income no kids families as well as changing lifestyles.
Some of the key players in the market include Amcor Limited (Australia), Constantia Flexibles (Austria), Huhtamäki OYJ (Finland), Ampac (U.S.), Bemis Co., Inc. (Italy), and Mondi Group (South Africa).
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