DUBLIN, June 25, 2015 /PRNewswire/ —
Research and Markets( http://www.researchandmarkets.com/research/f9bc2k/pet_food) has announced the addition of the “Pet Food Packaging Market by Packaging Material, Packaging Type, Food Type, Animal Type, & by Region – Trends & Forecast to 2020” report to their offering.
The global pet food packaging market is projected to reach $8,190.2 Million by 2020, with a CAGR of 5.08% from 2015 to 2020
This is because after the economic slowdown, high disposable income and changing lifestyles have led to the increase in pet ownership, which stimulated the demand in the pet food industry. The North American region accounted for around 39% of the total market share in terms of value, followed by the European and Asia-Pacific regions.
However, as this market in developed countries is getting matured, the market in developing countries such as China and India are estimated to grow at a higher rate from 2015 to 2020. China is estimated to grow faster than any other country owing to the strong economic growth in the country along with increase in pet adoption and high disposable income.
The pet food packaging market has been growing in accordance with the pet food industry. With increasing awareness about quality pet food & its packaging and concerns about the health of pets, people are opting for quality and safe packaging with high barrier resistance capabilities to protect food from spoilage.
This report estimates the market size of the global pet food packaging market in terms of value ($million). In this report, the market is broadly segmented based on packaging material type, packaging type, food type, animal food, and region. Market drivers, restraints, challenges, raw material, and packaging types are discussed in detail. Market share, by participant, for the overall market is discussed in detail. The global market has grown rapidly in the last few years and this trend is expected to continue. Increasing disposable incomes of people in developing countries, regulations to incorporate quality packaging for pet food products, and changing lifestyles of people drive the growth of this market.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Pet Food Packaging Market, By Material Type
8 Pet Food Packaging Market, By Packaging Type
9 Pet Food Packaging Market, By Food Type
10 Pet Food Packaging Market, By Animal Type
11 Pet Food Packaging Market, By Region
12 Competitive Landscape
13 Company Profiles
– Amcor Limited ( Australia),
– Ampac (U.S.),
– Bemis Co., Inc. ( Italy),
– Bosch Packaging Technology ( Germany),
– Constantia Flexibles ( Austria),
– Goglio SpA (America)
– Huhtam?ki OYJ ( Finland),
– Mondi Group ( South Africa).
– Sonono Products Company (U.S.),
For more information visit http://www.researchandmarkets.com/research/f9bc2k/pet_food
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SOURCE Research and Markets