Braj News Magazine

Amcor Plc (Australia) and Mondi plc (South Africa) are the Key Players in the Pet Food Packaging Market

 Breaking News
  • No posts were found

Amcor Plc (Australia) and Mondi plc (South Africa) are the Key Players in the Pet Food Packaging Market

July 06
23:26 2021
Amcor Plc (Australia) and Mondi plc (South Africa) are the Key Players in the Pet Food Packaging Market

Browse 148 market data Tables and 49 Figures spread through 177 Pages and in-depth TOC on “Pet Food Packaging Market
Pet Food Packaging Market by Material Type (Paper & Paperboard, Plastic, Metal), Packaging Form (Bags, Cans, Pouches, Boxes/Cartons), Food Type (Dry Food, Wet Food, Pet Treats), Animal Type (Dog, Cat, Fish, Bird), Region

The global pet food packaging market size is projected to grow from USD 10.2 billion in 2020 to USD 12.5 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 4.2% during the forecast year. Rising affection for pets leading to greater adoption of pets, high-income level of pet owners, changing lifestyles, demand for simplicity and convenience in packaging, and growing pet humanization trend are projected to support the growth in the pet food packaging industry in the coming years.

The North America region is projected to lead the pet food packaging market, in terms of both value and volume from 2020 to 2025. Increase in demand for pet food due to factors such as convenient and straightforward design, innovations in the packaging designs, and boost in demand for pet food due to growing affection for pets are expected to drive the market for pet food packaging in the North America region

The pet food packaging market has been dominated by large players, such as the Amcor Plc (Australia), Mondi Plc (South Africa), Sonoco Products Company (US), Constantia Flexibles (Austria), and Huhtamaki OYJ (Finland). These players have adopted various growth strategies, such as expansions, new product developments, and acquisitions, to increase their market shares and enhance their product portfolios.

To know about the assumptions considered for the study download the pdf brochure 

Acquisitions accounted for the largest share of all the strategic developments that took place in the pet food packaging market between February 2016 and January 2020. Key players such as Amcor Plc (Australia), Mondi Plc (South Africa), Sonoco Products Company (US), Constantia Flexibles (Austria), Huhtamaki OYJ (Finland), Smurfit Kappa (Ireland), Ardagh Group S.A (Luxembourg) have adopted these strategies to strengthen their business portfolios and presence in the pet food packaging industry.

Amcor Plc (Australia) primarily focuses on innovation in terms of technology has helped it to establish a leadership position. It offers innovative solutions, along with creating a strong customer base across the globe. Innovation leadership, excellence in manufacturing, and a broad range of technologies are the key strengths of the company. The company caters to the food, healthcare, beverage, home, tobacco, and personal care industries through its broad range of flexible and rigid packaging products. Amcor is currently focusing on reducing the carbon footprint by making the packaging material lighter, increasing the recycling rate of raw materials, developing efficient transport creating packaging material sustainable to heat treatment.

Mondi plc (South Africa) is expanding its presence around the globe through the acquisition of companies that are engaged in the packaging business. The company is expanding its customer base in various regions by offering an attractive product portfolio for Pet food packaging. The company is globally focusing on broadening its reach in the consumer packaging sector through strategic acquisitions, extending its regional footprint, and capital investments. Sustainable and inherent cost advantages, high returns on capital employed, and innovation are the key competitive advantage gained by the company has a strong foothold across the globe with around 100 manufacturing sites and conducts its operations in over 30 countries worldwide.

Request for Sample Report: https://www.marketsandmarkets.com/requestsampleNew.asp?id=150550375

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, and strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Media Contact
Company Name: MarketsandMarkets
Contact Person: Mr. Aashish Mehra
Email: Send Email
Phone: 18886006441
Address:630 Dundee Road Suite 430
City: Northbrook
State: IL 60062
Country: United States
Website: https://www.marketsandmarkets.com/Market-Reports/pet-food-packaging-market-150550375.html

Categories