Asia-Pacific Pet Food Packaging Market Forecast 2021-2028
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KEY FINDINGS
The Asia-Pacific pet food packaging market is set to project a CAGR of 8.71% during the forecast period, 2021-2028. The region is one of the fastest-growing pet food producers. Besides, pet food packaging is highly reliant on the pet food production of a region. As a result, the region offers lucrative growth opportunities for pet food packaging.
MARKET INSIGHTS
Thailand, China, Japan, India, South Korea, Australia & New Zealand, Indonesia, Taiwan, and Rest of Asia-Pacific, are evaluated for the Asia-Pacific pet food packaging market growth analysis. In Japan, the pet industry growth is driven by medical & therapeutic functional formulas, the rising variety of pet treats & supplements, premium & super-premium foods, and value-added products. Besides, the country is the second-largest market in the Asia-Pacific pet food packaging industry. Also, premiumization has been consistent within pet care despite the economic uncertainties due to the pandemic. Moreover, the Japanese population is inclined to spend more on their pets and are willing to purchase premium products with added values like health benefits and hygiene.
In South Korea, the rising pet humanization and pet food premiumization are the key growth drivers. Also, consumers are increasingly prioritizing pet care and pet food, leading to increased expenditure on pet food and product differentiation. In addition, branding has become an important aspect of the South Korean market, resulting in growing investments.
Whereas in countries like Taiwan, pet ownership is witnessing steady growth. This is attributed to the declining birth rate, with people opting for pet ownership instead of children. The latter is due to the cost of raising a family. Besides, cat ownership is on the rise in cities. Such factors make these countries conducive to pet food packaging growth.
COMPETITIVE INSIGHTS
Coveris Holdings SA, Crown Holdings, Mondi Plc, Huhtamaki Oyj, Goglio Spa, etc., are among the eminent companies in the market.
Our report offerings include:
- Explore key findings of the overall market
- Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
- Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
- Market Segmentation cater to a thorough assessment of key segments with their market estimations
- Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
- Key analytics: Porter's Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
- Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
- Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments
The Asia-Pacific pet food packaging market is set to project a CAGR of 8.71% during the forecast period, 2021-2028. The region is one of the fastest-growing pet food producers. Besides, pet food packaging is highly reliant on the pet food production of a region. As a result, the region offers lucrative growth opportunities for pet food packaging.
MARKET INSIGHTS
Thailand, China, Japan, India, South Korea, Australia & New Zealand, Indonesia, Taiwan, and Rest of Asia-Pacific, are evaluated for the Asia-Pacific pet food packaging market growth analysis. In Japan, the pet industry growth is driven by medical & therapeutic functional formulas, the rising variety of pet treats & supplements, premium & super-premium foods, and value-added products. Besides, the country is the second-largest market in the Asia-Pacific pet food packaging industry. Also, premiumization has been consistent within pet care despite the economic uncertainties due to the pandemic. Moreover, the Japanese population is inclined to spend more on their pets and are willing to purchase premium products with added values like health benefits and hygiene.
In South Korea, the rising pet humanization and pet food premiumization are the key growth drivers. Also, consumers are increasingly prioritizing pet care and pet food, leading to increased expenditure on pet food and product differentiation. In addition, branding has become an important aspect of the South Korean market, resulting in growing investments.
Whereas in countries like Taiwan, pet ownership is witnessing steady growth. This is attributed to the declining birth rate, with people opting for pet ownership instead of children. The latter is due to the cost of raising a family. Besides, cat ownership is on the rise in cities. Such factors make these countries conducive to pet food packaging growth.
COMPETITIVE INSIGHTS
Coveris Holdings SA, Crown Holdings, Mondi Plc, Huhtamaki Oyj, Goglio Spa, etc., are among the eminent companies in the market.
Our report offerings include:
- Explore key findings of the overall market
- Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
- Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
- Market Segmentation cater to a thorough assessment of key segments with their market estimations
- Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
- Key analytics: Porter's Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
- Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
- Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments
Asia-Pacific Pet Food Packaging Market Forecast 2021-2028
Published By :Inkwood Research
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