From GlobeNewswire: 2024-08-02 09:29:00

Exactitude Consultancy, a research arm of Ameliorate Digital Consultancy, has released a report on the PET Packaging Market. Projected to grow from USD 13.08 billion in 2023 to USD 19.34 billion by 2033, the industry caters to pet care products like food, toys, and grooming items.

The North American market emphasizes sustainability in pet packaging, with Mars Petcare incorporating recycled plastics into its wet pet food packaging. Meanwhile, the Asia Pacific region, notably China and India, shows significant growth, exemplified by Nestlé India’s acquisition of Purina Petcare India.

Plastic packaging prevails in the pet care industry, offering practicality and versatility for various products from dry food to supplements. Innovations like Amcor’s recyclable pouches continue to advance packaging solutions, with a focus on convenience and sustainability.

E-commerce’s rise has reshaped pet care purchasing behaviors, with digital sales increasing from 18% to 29%. Retailers, such as Covetrus®, are adapting to omnichannel strategies to cater to evolving consumer preferences and provide a seamless shopping experience between online and offline channels.

The pet care sector is experiencing growth driven by increased pet ownership and consumer interest. Companies like Vitakraft are introducing new health-conscious products, while sustainability remains a significant factor in consumer choices, leading to initiatives like The Pet Sustainability Coalition’s Packaging Supplier Marketplace.

Key players in the competitive landscape of pet packaging include Amcor Plc, Mondi Group Plc, Crown Holdings Inc., and others. Recent developments, such as PetSmart’s expansion, reflect the industry’s ongoing evolution to meet the changing demands of pet owners worldwide.



Read more at GlobeNewswire: PET Packaging Market is expected to be valued at USD 19.34