World Pet Food Packaging Sector to Post 5.08% CAGR Through 2020, According to MarketsandMarkets Report Available at MarketPublishers.com
London, UK (PRWEB) June 23, 2015 -- Factors like the increase in pet ownership, improving world economy, changing lifestyles, high disposable incomes, humanization of pets, and the growth of middle-class families in China and India have contributed to the hike in consumption of pet food products. This in turn has propelled the demand for pet food packaging.
The global pet food packaging market is projected to reach more than USD 8.190 billion by 2020, posting a CAGR of 5.08% during the period. The worldwide pet food packaging market is driven by factors like rising disposable incomes of people in developing nations, the rise of single-person owned households, surging number of nuclear families, changes in people’s lifestyles, and the increasing consumer sentiments toward sustainable packaging. However, stringent rules and regulations pertaining to the pet food packaging and packaging issues like product shelf life are amid the factors hindering the sector’s growth.
The dominant market players have a strong and well-diversified distribution network across the globe and the financial strength to maintain them. In the pet food packaging market, it is important to have a strong distribution network to enable timely product delivery whenever required and also implement all regulations and rules set by a number of regulatory authorities. In view of these circumstanced, new entrants are facing certain difficulties in competing against entrenched players in the market. Amcor Limited, Constantia Flexibles, Huhtamäki OYJ, Ampac, Bemis Co., Inc., and Mondi Group are some of the dominant players in the marketplace.
New research report “[Pet Food Packaging Market by Packaging Material (Paper & Paperboard, Flexible Plastic, Rigid Plastic, Metal), Packaging Type (Bags, Cans, Pouches, Boxes/Cartons), Food Type (Dry, Wet, Chilled & Frozen, Pet Treats), Animal Type (Dog, Cat, Fish, Bird), & by Region - Trends & Forecast to 2020” worked out by MarketsandMarkets (M&M) is now available at MarketPublishers.com
Report Details:
Title: Pet Food Packaging Market by Packaging Material (Paper & Paperboard, Flexible Plastic, Rigid Plastic, Metal), Packaging Type (Bags, Cans, Pouches, Boxes/Cartons), Food Type (Dry, Wet, Chilled & Frozen, Pet Treats), Animal Type (Dog, Cat, Fish, Bird), & by Region - Trends & Forecast to 2020
Published: June, 2015
Pages: 258
Price: US$ 4,650.00
https://marketpublishers.com/report/consumers_goods/pet_products/pet-food-packaging-market-by-packaging-material.html
The research study provides an in-depth analysis of the world pet food packaging market, analysed and classified based on material type, food type, packaging type, animal food, and by geography. It analyses and forecasts the worldwide revenues for pet food packaging for each of the segments covered. The leading countries are examined and their market sizes are forecast for each region. The report also provides an up-close look at the key market drivers and restraining factors, lucrative opportunities, key challenges, pressing industry issues, and winning imperatives. The research publication canvasses the competitive scenario, presents detailed profiles of the 10 leading players of the industry, in tandem with covering their product offerings, latest developments, key strategies, among others.
Reasons to Buy:
• Get a complete understanding of the current and historical performance of the global pet food packaging market as a whole and each of its key segments.
• Get wind of the drivers and restraints, challenges and opportunities, burning issues, and key trends in the market.
• Learn about the prospective market barriers and find out how to overcome them.
• Take adequate and timely business decisions based on the reliable and accurate market data.
• Fully understand who stands where in the worldwide pet food packaging marketplace and identify the dominant competitors, which will facilitate your search for the right business partners.
More reports by the publisher can be found at MarketsandMarkets page.
Natalie Aster, The Market Publishers, Ltd, http://marketpublishers.com, +44 2081446009, [email protected]
Share this article