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MARKET OUTLOOK

Triton Market Research’s report infers that the pet food packaging market in Europe is expected to witness growth at a compound annual growth rate of 7.09% during 2022-2028. Italy, Germany, Russia, Spain, the United Kingdom, France, and Rest of Europe form the studied market in this region.

The pet food packaging market in France is anticipated to display growth over the forecast period owing to a rise in pet food sales. Moreover, the pet adoption rate is expected to grow significantly in the next few years. The rise in premiumization and humanization trends have also enhanced the adoption of premium pet products. Additionally, consumers are opting for healthier options for their pets, encouraging companies to develop new products with innovative packaging. Hence, all these factors are supporting the development of the pet food packaging market within France. 

In Spain, dogs and cats dominate the pet food segment. Premiumization trend in pet food is widely observed in the country, creating several opportunities for the pet food packaging market. In 2020, the pet food categories witnessed double digital value growth, despite COVID-19 impact on the economy. This growth in demand for pet food products, including premium brands, encourages companies to adopt various packaging solutions. Thus, such developments open new avenues for the pet food packaging market across Spain. 

COMPETITIVE OUTLOOK 

Major companies in the pet food packaging market are Aptar Group Inc, Printpack Inc, Ardagh Group SA, American Packaging Corporation, Coveris Holdings SA, Sonoco Products Company, Goglio SPA, and Proampac Holdings Inc.