< Key Hightlight >

MARKET OUTLOOK

Triton’s research report infers that the Middle East and Africa’s pet food packaging market is evaluated to progress at a compound annual growth rate of 6.97% through the estimated years 2022-2028. Turkey, the UAE, South Africa, Saudi Arabia, and Rest of Middle East & Africa form the considered market in this region.

In Saudi Arabia, cat ownership has surged significantly in 2020 and 2021. This rise in pet ownership ultimately supports the volume sales growth of cat food products. Additionally, children are majorly influencing the adoption of pets across multiple households. In this regard, parents are attracted to pets as they keep children away from gadgets to a large extent. This increase in pet ownership leads to a rise in demand for pet food products, including premium brands, thereby driving the growth of the pet food packaging market. 

In Turkey’s pet food industry, consumers have increasingly become price-sensitive due to the economic fallout of COVID-19. This has led players to respond with various price discounts. Online sales also witnessed significant growth as consumers feared the risk of the virus. Additionally, several departmental stores included pet care product ranges into their online channels due to the surge in pet ownership across the country. Further, the premium product category has attracted numerous pet owners due to the rise in humanization trends and ecommerce. Thus, such developments propel the pet food packaging market on a growth path. 

COMPETITIVE OUTLOOK

The renowned companies in the pet food packaging market include Crown Holdings, Ardagh Group SA, Printpack Inc, Sonoco Products Company, Constantia Flexibles, Proampac Holdings Inc, Coveris Holdings SA, and Huhtamaki OYJ.