The pet food packaging market in Europe is witnessing significant growth due to increasing demand for premium pet food and growing awareness of the benefits of protein intake for animals.
NEWARK, Del., Jan. 30, 2023 (GLOBE NEWSWIRE) — According to a recent research report by FMI, a market research and competitive intelligence provider, sales of the European Food Packaging Market are estimated to reach a value of $5.06 billion by year 2033, registering a CAGR of 4.4% during the forecast period.
Increasing focus on animal health has boosted the market for functional animal foods. Pet owners are looking for food products with higher nutritional value. Increasing awareness about healthy pet nutrition is increasing the demand in the functional pet food segment. These factors create profitable growth opportunities for new and existing players. They encourage market players to launch a product enriched with all the essential vitamins and minerals.
Functional foods contain several essential nutrients for healthier pets. To grow their business, manufacturers should focus on introducing new functional food products. Animal feed protein ingredient producers located in Europe can benefit greatly from increased consumer interest in new protein-based feed. However, it is expected that the expansion of this sector will be hindered by the fluctuation of raw material prices and the lack of free trade in Europe.
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The growth of the animal feed protein ingredients market in Europe is expected to be hindered by regulatory frameworks and interventions, significant capital expenditure required for animal feed production, and the risk of improper animal feed products.
Key findings from Market Research
The European Pet Food Packaging market is estimated to be worth $3.29 billion by 2023.
In Europe, the traditional sub-segment holds a significant market share of 50.6% of the Pet Food packaging market by 2023.
In the product type segment, Kibble/Dry holds a significant share of 25.0% of the Pet Food packaging market.
In the pet type sub-segment, the dog segment holds a significant market share of 55.0% of the pet food packaging market.
“The majority major players focus on acquiring smaller players, while smaller companies need to make significant investments in R&D to introduce new products and increase their presence worldwide.. “, -says a leading analyst at Future Market Insights
Animal feed has a strong competitive market in Europe. As more and more pets are adopted, people in Europe are looking for luxury pet foods that are nutritious and have useful properties. The demand for animal feed in the region is due to all these reasons. While demand for pet food has remained stable in most EU countries, the pet food business in Eastern Europe is still in its infancy.
Some of the leading companies serving the Europe Food Packaging Market are: Berry Global Inc., Sonoco Products Company, Constantia Flexibles, Huhtamaki OYJ, Smurfit Kappa, Ardagh Group SA, AptarGroup, Inc, Goglio SpA
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Paper & Paperboard
By product type:
Bags & Pouches
Plastic Bottles & Jars
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Table of Content
1. Executive Summary | European Pet Food Packaging Market
1.1. European Market Outlook
1.2. Demand-side trends
1.3. Trends-side Supply
1.4. Path Analysis Technology
1.5. Analysis and Recommendations
2. Market Monitoring
2.1. Market coverage / Taxonomy
2.2. Market definition / Scope / Limitations
3. Background of the market
3.1. Market Dynamics
Click here for the 325 page TOC Report on the Europe Plastic Food Packaging Market
Regarding the Packaging Division in the Futures Market
The packaging division at Future Market Insights provides in-depth historical analysis and forecasts for the next ten years and covers the competitive landscape with a unique dashboard view. From packaging materials, and packaging machinery to packaging designs and formats, Future Market Insights has a comprehensive database for these industry verticals, serving clients with unique research recommendations and strategic recommendations.
With a repository of 1,000+ reports, the team has comprehensively analyzed the packaging industry in 50+ countries. The team assesses each node of the value chain and provides end-to-end research and consulting services; find out how we can help.
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