Global Pet Care Packaging Market to Generate USD 10 Billion by 2020, Says Technavio

LONDON–(BUSINESS WIRE)–$AMC #Logistics–According to the latest market study released by Technavio,
the global
pet care packaging market
is expected to reach USD 10 billion by
2020.

This research report titled ‘Global
Pet Care Packaging Market 2016-2020
’ provides an in-depth
analysis of the market in terms of revenue and emerging market trends.
This market research report also includes an up to date analysis and
forecasts for various market segments and all geographical regions.

Request a sample report: http://www.technavio.com/request-a-sample?report=52732

Technavio’s sample reports are free of charge and contain multiple
sections of the report including the market size and forecast, drivers,
challenges, trends, and more.

The report categorizes the global pet care packaging market into five
major product segments. They are:

  • Flexible packaging
  • Rigid metal packaging
  • Rigid plastic
  • Paperboard
  • Other

Global pet care packaging market by flexible packaging

The global pet care packaging market by flexible packaging is expected
to reach USD 5.4 billion by 2020. The demand for bags and pouches in the
global pet care packaging market is increasing at a rapid rate compared
to the other packaging materials. Bags are increasingly being preferred
for their light weight, low cost, and availability in various designs
and materials.

“Vendors are introducing biodegradable and sustainable forms of flexible
packaging to meet the needs of food manufacturers for eco-friendly
packaging,” says Sharan Raj, a lead analyst at Technavio for packaging
research. Packaging companies have introduced the flat-bottom pouch,
which allows the pouch to stand up and increases the shelf appeal of the
product. Also, there is an increase in the adoption of stand-up
re-closable pouches, flat-bottom side-gusseted box pouches, and
pinch-bottom box pouches in the market.

Global pet care packaging market by rigid metal packaging

The global pet care packaging market by rigid metal packaging is
expected to reach USD 1.8 billion by 2020, growing at a rate of 3%.
Metal packaging is temperature resistant and provides a long shelf life
for products. However, increased demand for rigid and flexible plastic
packaging products such as pouches and bags poses a major challenge for
this segment. This is because companies prefer low-cost plastic
packaging, since most of the functions and features are similar to those
of metal packaging. However, the demand for metal cans in the pet food
packaging market in the US is expected to increase at a moderate pace
during the forecast period.

Global pet care packaging market by rigid plastic

The global pet care packaging market by rigid plastic is expected to
reach USD 1.3 billion by 2020. Rigid plastic refers to plastic material
that can hold its original shape and does not change form with changes
in temperature. The demand for rigid plastic is less compared to other
packaging materials such as bags and pouches. The demand for lightweight
and comparatively lower cost flexible packaging is limiting the demand
for plastic bottles to only limited end-users.

The increasing demand from customers for sustainable,
environment-friendly packaging is increasing the pressure on rigid
plastic packaging manufacturers to introduce recyclable options for
consumers.

Global pet care packaging market by paperboard

The global pet care packaging market by paperboard is expected to reach
USD 0.65 billion by 2020. The global pet care packaging market by
paperboard is expected to experience sluggish growth during the forecast
period compared to the other packaging solutions. The use of folding
cartons in packaging solutions or products is becoming obsolete with the
emergence of various other packaging materials that are easier to carry,
distribute, store, and dispose.

Global pet care packaging market by other packaging

The others segment accounted for 9.78% of the pet care packaging market
in 2015. Its market share is expected to decline slightly during the
forecast period, accounting for 9.06% of the market by 2020.

The other packaging products include materials such as tubes, cups, and
crates. This segment also includes customized packaging solutions. The
need for convenience and lightweight features will continue to generate
demand for tubs and cups in pet food packaging. “Moreover, tubs and cups
will continue to replace metal containers in the wet food segment, and
also are expected to grow because of the peel-able lid feature, which is
easier to open,” says Sharan.

The top vendors highlighted by Technavio’s transportation
and logistics
research analysts in this report are:

  • Amcor
  • Bemis
  • Mondi
  • Printpack
  • Sonoco

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About Technavio

Technavio
is a leading global technology research and advisory company. The
company develops over 2000 pieces of research every year, covering more
than 500 technologies across 80 countries. Technavio has about 300
analysts globally who specialize in customized consulting and business
research assignments across the latest leading edge technologies.

Technavio analysts employ primary as well as secondary research
techniques to ascertain the size and vendor landscape in a range of
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and top-down approaches, besides using in-house market modeling tools
and proprietary databases. They corroborate this data with the data
obtained from various market participants and stakeholders across the
value chain, including vendors, service providers, distributors,
re-sellers, and end-users.

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