Growth Drivers
Increasing Pet Owners and Concerns related to Health of Pets
The pet food packaging industry is growing with the increased adoption of pets. In addition, the health and quality of life of pets largely depends on their diet. The pet owners prefer to purchase good quality packaging food products which can protect the food from corrosion and keep it fresh. The pet owners are more concerned about the ingredients used and type of packaging used. Moreover, the pet owners are more involved in the well being of their pets and are more educated about where from the pet food is coming, resulting into rising concern for sustainable packaging. Hence, these factors are anticipated to account for the growth in the market.
Shift towards Recyclable Packaging of Pet Food
The online retail sales of pet food items have increased rapidly with the reliable packaging solutions for the customers. The pet food packaging market is shifting towards recyclable and reusable packaging as most of the customers have interest in environmental friendly packaging for their pets. Moreover, regulations by the government for proper recycling of packaging waste and its increased adoption is impacting the growth of the market in positive direction.
Challenges
Stringent Pet Food Regulations
Pet food is highly regulated and nearly all states selling pet food products need to register the product and the labels should follow the government requirements regarding the ingredients used in items and the product name. Further, without the acceptance from Food and Drug Administration (FDA), an ingredient cannot be used in pet food. This factor is expected to hinder the growth of the market.
Base Year |
2023 |
Forecast Year |
2024-2036 |
CAGR |
5.7% |
Base Year Market Size (2023) |
USD 11.08 billion |
Forecast Year Market Size (2036) |
USD 22.78 billion |
Regional Scope |
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Author Credits: Abhishek Anil
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