Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 14.78 Billion | USD 24.45 Billion | 5.2% | 2023 |
According to the report published by Zion Market Research, the global Feed Packaging Market size was valued at USD 14.78 Billion in 2023 and is predicted to reach USD 24.45 Billion by the end of 2032. The market is expected to grow with a CAGR of 5.2% during the forecast period. The report analyzes the global Feed Packaging Market's growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the arising opportunities in the Feed Packaging Market.
Feed packaging offers protection and tampering resistance along with physical, chemical, and biological requirements for feed. Furthermore, the packaging labels may include facts about the nutritional contents of feed as well as other information about the feed that is offered for sale. In fact, the feed packaging offers physical protection, security, containment, information, and barrier protection to the feed. It also helps in promotional & marketing activities of feed and adds to the convenience in distribution & handling, display, use, and reuse of the feed products.
Growing competition, product differentiation in packaging products, and massive innovations in pet food packaging products are likely to steer feed packaging market growth in the years ahead. However, the need for greater technological understanding for other packaging forms can impede market growth in the years ahead. Nevertheless, massive need for improving the shelf-life of wet food products without impacting the nutrient value as well as palatability of the products is anticipated to steer the feed packaging market demand in the ensuing years.
In addition, escalating use of myriad liquid additives, as well as ingredients in the feed, is projected to produce lucrative growth avenues for feed packaging market in the forthcoming years. The growing trend of flexible packaging as a result of its convenience and effective use in the distribution channel is anticipated to accelerate the growth rate of feed packaging market in the years ahead.
The global feed packaging market can be divided based on pet, livestock, type, feed type, material, and end-user.
Based on the pet, the market is sectored into dogs, birds, fish, and cats.
On the basis of livestock, the market is segmented into poultry, swine, and ruminants.
Based on the packaging types, the feed packaging market is segmented into flexible and rigid packaging.
Feed type wise, the market is divided into dry, pet treats, chilled & frozen, and wet types.
Report Attributes | Report Details |
---|---|
Report Name | Feed Packaging Market |
Market Size in 2023 | USD 14.78 Billion |
Market Forecast in 2032 | USD 24.45 Billion |
Growth Rate | CAGR of 5.2% |
Number of Pages | 206 |
Key Companies Covered | LC Packaging, El Dorado Packaging Inc., NPP Group Limited, Plasteuropa Group, NYP Corp., ABC Packaging Direct, Shenzhen Longma Industrial Co., Limited (China); Amcor Limited, Mondi Group, Sonoco Products Company, Winpak Ltd., NNZ Group, Constantia Flexible Group, and Huhtamäki Oyj. |
Segments Covered | By pet, By livestock, By type, By feed type, By material, By end-user and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Based on regions, the global feed packaging market can be divided into five main regions: North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. The Asia Pacific is likely to dominate the global feed packaging market in terms of revenue. The region is experiencing rapid growth in the feed production and packaging. Furthermore, rampant economic development in the region has generated lucrative demand for meat and dairy products which is projected to increase in countries such as China, India, Japan, and Thailand in terms of both regional consumption and exports.
This, in turn, is anticipated to result in an enhanced feed production across the region. Furthermore, the launching of new products catering to the myriad health needs of pets is predicted to steer the expansion of feed packaging market in the years to come. Moreover, growing preference for packaging services such as small pouches and escalating end-user demand for innovative products will further steer the feed packaging market trends in APAC.
North America, Latin America, and European markets have lucrative growth potential.
Some of the most prominent players of feed packaging across the world include
By Pet Type
By Livestock Type
By Packaging Types
By Feed Type Wise
HappyClients
Zion Market Research
Tel: +1 (302) 444-0166
USA/Canada Toll Free No.+1 (855) 465-4651
3rd Floor,
Mrunal Paradise, Opp Maharaja Hotel,
Pimple Gurav, Pune 411061,
Maharashtra, India
Phone No +91 7768 006 007, +91 7768 006 008
US OFFICE NO +1 (302) 444-0166
US/CAN TOLL FREE +1 (855) 465-4651
Email: sales@zionmarketresearch.com
We have secured system to process your transaction.
Our support available to help you 24 hours a day, five days a week.
Monday - Friday: 9AM - 6PM
Saturday - Sunday: Closed