Pet care packaging market set for strong growth

The global pet care packaging market is on track for significant growth, with its value expected to rise from $16.5 billion in 2022 to $25.8 billion by 2032.

This represents a steady annual growth rate of 4.6 per cent, driven by increasing pet ownership, demand for premium products, and a strong focus on sustainability.

Pet product manufacturers are responding to the shift towards eco-friendly packaging by introducing recyclable and biodegradable materials.

“Pet owners today are more conscious about sustainability, and we are committed to meeting their expectations,” said a spokesperson from packaging leader Amcor Plc.

Flexible packaging, such as resealable pouches and single-serve portions, is becoming increasingly popular due to its convenience.

“Consumers want packaging that makes their lives easier while keeping their pets’ food fresh,” noted an industry analyst.

Major companies shaping the market include:

• Amcor Plc, focusing on sustainable materials.
• Sonoco Products Company, known for innovative designs.
• Mondi Group, delivering recyclable packaging solutions.
• Berry Global Group, Inc., specialising in lightweight packaging.
• Huhtamaki Oyj, offering renewable, high-barrier options.

Recent industry developments highlight the sector’s growth potential. In October 2023, Mars Petcare introduced food-safe recycled plastic for wet pet food packaging, aligning with the rising demand for environmentally friendly solutions.

Meanwhile, strategic acquisitions are reshaping the market landscape. Nestlé India’s acquisition of Purina Petcare India in 2022, and Affinity Advance’s entry into India in 2023, demonstrate the expanding opportunities in emerging markets.

To stay up to date on the latest industry headlines, sign up to the Pet Industry News e-newsletter.

[ad_1]

_{Images are for reference only.Images and contents gathered automatic from google or 3rd party sources.All rights on the images and contents are with their legal original owners.}

[ad_2]