Pet food packaging is a type of packaging that is specifically designed to contain pet food. It is usually made of plastic, cardboard, or metal and is designed to protect the food from moisture, oxygen, and other elements that can cause spoilage and contamination. The packaging also helps to maintain the freshness of the food and ensures a longer shelf life. The global pet food packaging market size is projected to grow from USD 10.2 billion in 2020 to USD 12.5 billion by 2025, at a CAGR of 4.2% from 2020 to 2025.
Pet owners are becoming more health conscious and searching for ways to guarantee their pets receive the finest nutrition, which has led to an expansion in the range of pet food packaging. As more businesses use recycled materials and eco-friendly designs, pet food packaging is likewise becoming more environmentally friendly and sustainable. Because pet ownership is becoming more and more common, there is a rising demand for pet food packaging. Pet food packaging is predicted to continue to be in demand as more people try to offer their animals healthier, more nutrient-dense food. Due to the growing popularity of online pet food merchants, there is also likely to be an increase in the need for pet food packaging.
The pet food packaging market has been dominated by large players, such as the Amcor Plc (Australia), Mondi Plc (South Africa), Sonoco Products Company (US), Constantia Flexibles (Austria), and Huhtamaki OYJ (Finland). These players have adopted various growth strategies, such as expansions, new product developments, and acquisitions, to increase their market shares and enhance their product portfolios.
Acquisitions accounted for the largest share of all the strategic developments that took place in the pet food packaging market between February 2016 and January 2020. Key players such as Amcor Plc (Australia), Mondi Plc (South Africa), Sonoco Products Company (US), Constantia Flexibles (Austria), Huhtamaki OYJ (Finland), Smurfit Kappa (Ireland), Ardagh Group S.A (Luxembourg) have adopted these strategies to strengthen their business portfolios and presence in the pet food packaging industry.
Amcor Plc (Australia) primarily focuses on innovation in terms of technology has helped it to establish a leadership position. It offers innovative solutions, along with creating a strong customer base across the globe. Innovation leadership, excellence in manufacturing, and a broad range of technologies are the key strengths of the company. The company caters to the food, healthcare, beverage, home, tobacco, and personal care industries through its broad range of flexible and rigid packaging products. Amcor is currently focusing on reducing the carbon footprint by making the packaging material lighter, increasing the recycling rate of raw materials, developing efficient transport creating packaging material sustainable to heat treatment.