< Key Hightlight >

MARKET OUTLOOK

Triton Market Research’s report represents that the North American pet food packaging market is expected to gather a compound annual growth rate of 6.74% in the projected phase 2022-2028. The United States and Canada shape the overall market in this region.

In Canada, premiumization and humanization trends drive the pet food packaging market to a large extent. Consumers are becoming knowledgeable about pet food, taking an interest in learning about ingredients included in the products. Despite slow value growth, pet products are expected to perform well over the forecast years. This growth will be mainly owing to the surge in spending on premium products by consumers. Hence, the surge in pet care influences companies to invest heavily in branding and packaging solutions, in turn driving the growth of the pet food packaging market. 

Similarly, companies in the US are launching new product lines to meet the growing demand for convenient packaging. For instance, recently, ProAmpac launched a new recyclable retort pouch for pet food applications. Additionally, the pandemic has led to a rise in pet food packaging due to increased ecommerce shopping patterns. Thus, these developments are expected to open new avenues for the pet food packaging market in the US. 

COMPETITIVE OUTLOOK

Constantia Flexibles, Huhtamaki OYJ, American Packaging Corporation, Proampac Holdings Inc, Sonoco Products Company, Coveris Holdings SA, Ardagh Group SA, and Printpack Inc are popular firms in the pet food packaging market.