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    MNDI   GB00B1CRLC47

MONDI PLC

(MNDI)
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Mondi : Pet Food Packaging Market is expected to reach USD 19.72 Billion by 2028 | Mondi Plc, Amcor Plc, Constantia Flexibles, etc

05/07/2021 | 04:19am EDT

Pet Food Packaging Market Size - USD 10 Billion in 2020, Market Growth - at a CAGR of 4.5%, Market Trends -Increasing demand for advanced material for pet food packaging

The Global Pet Food Packaging Market is expected to value USD 19.72 billion by end of 2028 from USD 10 billion in 2020, expanding at a CAGR of 4.5% over the forecast period. This growth of the market is attributable to the factors such as increasing inclination of people toward pet adoption coupled with willingness to pay for adopting better convenience for them. Additionally, the increasing income level globally, simple and convenience food and packaging, and changing lifestyles are driving growth of the global pet food packaging market.

The US Food and Drugs Administration (FDA) regulations is increasingly granting permission for improved and safer products alike concern over human food. In addition, the animal lovers are increasingly choosing informative, attractive, and protective products. The key players are looking to fulfill the demands of consumers by offering intelligent packaging, which is fueling growth of the global pet food packaging market. Such factors are estimated to boost demand during next few years and offer several opportunities for growth during the foreseeable future.

Key findings from the report*In November 2020, Amcor and Nestle announced what they're saying is the world's first recyclable flexible retort pouch. *By the packaging type, the bags segment is anticipated to hold a substantial share in the market for pet food packaging over the forecast period. This segmental growth is attributable to the growing demand for bags for the ease offered during handling coupled with low cost of production. *By food type, the dry food segment is anticipated to hold the significant share in the pet food packaging market and to retain over the forecast period. *The plastic segment is anticipated to lead the pet food packaging market in terms of revenue and likely to retain its dominance over the forecast period. Owing to its benefits, the plastic segment is estimated to witness growth at a fastest CAGR over the forecast period. *By animal type, the cat food segment in the pet food packaging market is projected to expand at a significant CAGR over the forecast period. This growth is attributable to the increasing inclination of pet owners toward adopting cats and adopting expensive cat foods. *Regionally, North America is anticipated to lead the global market for pet food packaging over the forecast period owing to robust demand from the developed countries including the US and Mexico. Additionally, rising inclination toward adoption of pets coupled with changing lifestyles and growing capacity of expending more on pets are driving growth of the global pet food packaging market. *The global pet food packaging market comprises key players including Mondi Plc, Amcor Plc, Constantia Flexibles, Sonoco Products Company, and Huhtamaki OYJ.

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For the purpose of this report, Reports and Data has segmented the global pet food packaging market on the basis of packaging type, packaging, process, end user, and region:

Based on packaging form Outlook (Revenue, USD Billion; 2018-2028)*Boxes/Cartons *Pouches *Cans *Bags *Other

Based on material Outlook (Revenue, USD Billion; 2018-2028)*Plastic *Paper & Paperboard *Metal *Other Materials

Based on animal Outlook (Revenue, USD Billion; 2018-2028)*Dog food *Cat Food *Bird food *Fish food *Others

Based on food type Outlook (Revenue, USD Billion; 2018-2028)*Dry food *Wet food *Pet treats *Others

By Region Outlook (Revenue, USD Billion; 2018-2028)*North America*U.S. *Canada*Europe*Germany *UK *France *BENELUX *Rest of Europe*Asia Pacific*China *Japan *South Korea *Rest of APAC*MEA*Saudi Arabia *UAE *Rest of MEA*Latin America*Brazil *Rest of LATAM

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Table of Contents

Chapter 1. Market Synopsis

1.1. Market Definition

1.2. Research Scope & Premise

1.3. Methodology

1.4. Market Estimation Technique

Chapter 2. Executive Summary

2.1. Summary Snapshot, 2019-2027

Chapter 3. Indicative Metrics

Chapter 4. Pet Food Packaging Market Segmentation & Impact Analysis

4.1. Pet Food Packaging Market Material Segmentation Analysis

4.2. Industrial Outlook

4.2.1. Market indicators analysis

4.2.2. Market drivers' analysis

4.2.2.1. Growth in pet ownership

4.2.2.2. Rise in pet food expenditure

4.2.2.3. Convenience, simplicity, and product differentiation with transparency in pet food packaging

4.3. Technological Insights

4.4. Regulatory Framework

4.5. ETOP Analysis

4.6. Porter's Five Forces Analysis

4.7. Competitive Metric Space Analysis

4.8. Price trend Analysis

4.9. Customer Mapping

4.10. Covid-19 Impact Analysis

4.11. Global Recession Influence

Chapter 5. Pet Food Packaging Market By Packaging form Insights & Trends

Continued.....

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Website: https://www.reportsanddata.com/press-release/global-pet-food-packaging-market

Source: www.abnewswire.com

.

(C) 2021 M2 COMMUNICATIONS, source M2 PressWIRE

Stocks mentioned in the article
ChangeLast1st jan.
AMCOR PLC 0.19% 15.76 End-of-day quote.2.74%
MONDI PLC -0.47% 1999.5 Delayed Quote.16.84%
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Sales 2021 7 098 M 8 445 M 8 445 M
Net income 2021 663 M 789 M 789 M
Net Debt 2021 1 826 M 2 173 M 2 173 M
P/E ratio 2021 17,2x
Yield 2021 2,79%
Capitalization 11 436 M 13 608 M 13 607 M
EV / Sales 2021 1,87x
EV / Sales 2022 1,74x
Nbr of Employees 26 061
Free-Float 99,1%
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Number of Analysts 12
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Average target price 23,83 €
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Andrew King Group Chief Executive Officer & Executive Director
Mike Powell Chief Financial Officer & Executive Director
Philip Edward Yea Chairman
Lars Mallasch Director-Group Technical & Sustainability
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