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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.