The Global Feed Packaging Market Is Expected To Grow From USD 13.8 Billion In 2018 To USD 17.8 Billion In 2023, At A Compound Annual Growth Rate (CAGR) Of 5.2% During The Forecast Period.

Feed Packaging Market Overview:

Packaging refers to the materials used to wrap and protect goods. Feed packaging is used to package feed because of its tamper resistance as well as physical, chemical, and biological requirements. Package labels for packaged goods include facts about the nutritional content and other information relevant to the feed being offered.

Feed Packaging market size, estimates, and forecasts are provided in terms of sales volume (K Units) and revenue (million USD), with historical and forecast data for the period 2017 to 2030, with 2022 being considered as the base year. This report segments the global Feed Packaging market in detail. Regional market sizes related to products by type, by application, and by the player are also delivered. In estimating the size of the market, we took into account the impact of COVID-19 and the Russian-Ukraine war.

Key Market Updates:

• In July 2020 - Mondi has teamed up with the Austrian meat producer Hütthaler to produce a fully recyclable thermoformed film from a single material for their meat and sausage products. The film is solved from a fully recyclable single material formulation and provides a barrier to protect food and extend its shelf life.
• In October 2019 - Constantia Flexibles announced a partnership with Sappi to develop paper-based packaging materials. To strengthen its collaboration across the value chain, the company partnered with Sappi to drive innovation in sustainable packaging.
• In July 2019 - Berry Global Group, Inc. announced the acquisition of RPC Group Plc. The combination of the two will create a world-leading provider of protection solutions. This will help the company provide high-quality, protective and innovative solutions to thousands of customers, as well as a diverse and extensive manufacturing footprint.

Major Market Segments Covered in Feed Packaging Industry Research:

Market Key Players:
LC Packaging, Plasteuropa Group, Sonoco Products, Amcor, NPP Group, Mondi Group, ABC Packaging, EL Dorado Packaging, Huhtamaki, NYP Corp, Shenzhen Longma Industrial, Constantia Flexibles Group, And Others.

By Type:

• Flexible Packaging, Rigid Packaging,

By Application:

• Poultry Feed, Ruminants Feed, Swine Feed, Aquatic Animals Feed, Others

By Region:

The Asia-Pacific region will account for the largest revenue share of more than 35.0% in 2021. The industry is expected to be driven by population growth, rising per capita income, and rising demand from emerging economies such as China, Japan, and India in Asia Pacific: China has a large population and economic growth , is the largest consumer country. The market in China is expected to grow at a significant rate owing to the expanding middle-class population and increasing purchasing power.

North America holds a considerable share in 2021. Shifting consumer preferences for meat alternatives and a growing vegan population are expected to open up new growth avenues for food packaging companies such as Beyond Meat; Amy's Kitchen Company; and Morning Star Farms are the companies that have witnessed considerable growth over the past few years companies, contributing to the growth of the market.

• North America
• US
• Canada
• Mexico
• Rest of North America
• Europe
• Germany
• France
• Italy
• Spain
• UK
• Nordic Countries
• Denmark
• Finland
• Iceland
• Sweden
• Norway
• Benelux Union
• Belgium
• The Netherlands
• Luxembourg
• Rest of Europe
• Asia-Pacific
• Japan
• China
• India
• Australia
• South Korea
• Southeast Asia
• Indonesia
• Thailand
• Malaysia
• Singapore
• Rest of Southeast Asia
• Rest of Asia-Pacific
• The Middle East & Africa
• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest of the Middle East & Africa
• Latin America
• Brazil
• Argentina
• Rest of Latin America

Significant Market Dynamics:

Driver

There is an increasing demand from pet owners to meet the needs of pet and animal food According to the market demand, feed packaging materials are available in both bulk and disposable packaging. The ongoing trend toward pet humanization is expected to stimulate the demand for pet food, thereby boosting the growth of the target market. Moreover, increasing spending on pets and animals towards better feed options is expected to drive the growth of the target market over the forecast period.

The target market is expected to grow owing to innovations in pet food and increased competition among feed product manufacturers in the global feed packaging market. Moreover, rising demand for premium livestock products coupled with increasing production of feed and feed additives is expected to drive the growth of the global feed packaging market.

Opportunities

A huge need to improve the shelf life of wet food without compromising nutritional value or palatability is expected to create lucrative opportunities for feed packaging market demand in the coming years.

Restraint

However, a growing technical understanding of other packaging formats may hamper market growth over the forecast period, while solving packaging issues will be a major challenge for feed packaging market growth.

This Feed Packaging Market report provides details on the latest developments, trade regulations, import and export analysis, production analysis, value chain optimization, market share, impact of domestic and local market players, analyzes opportunities in terms of emerging revenue streams, changes Market regulations, strategic market growth analysis, market size, category market growth, application areas and dominance, product approvals, product launches, geographical expansion, technological innovations in the market. To get more information on Feed Packaging Market Contact Data Bridge Market Research for analyst briefing and our team will help you to make informed market decisions for market growth.

Feed Packaging Market report scope:

Crucial Points from this Feed Packaging Report

• Estimate Feed Packaging market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, applications and by different industry verticals.
• Understand the supply chain in depth on the value growth at each step, in order to optimize value and bring effectiveness in your processes.
• Know the different dynamics affecting the market - challenges, key driving factors and opportunities.
• Get a quick viewpoint on the Feed Packaging market entropy - M&A's, deals, partnerships, product launches of all key companies for the historical 5 years.
• Estimate the supply-demand gaps, import-export data and regulatory landscape for more than top 20 countries worldwide for the market.
• Get complete insights on your competitor's performance - market shares, strategies, financial benchmarking, product benchmarking, SWOT and more.
• Study the sales and distribution channels over key geographies to improve top-line revenues.

Frequently Asked Questions-

What is the CAGR of Feed Packaging market?

The Feed Packaging Market is growing at a CAGR of 5.2% During Forecast Period.

 What are the key types of Feed Packaging market?

Flexible Packaging, Rigid Packaging,

What are the key applications of Feed Packaging market?

Poultry Feed, Ruminants Feed, Swine Feed, Aquatic Animals Feed, Others 

Who are the key players in Feed Packaging market?

LC Packaging, Plasteuropa Group, Sonoco Products, Amcor, NPP Group, Mondi Group, ABC Packaging, EL Dorado Packaging, Huhtamaki, NYP Corp, Shenzhen Longma Industrial, Constantia Flexibles Group, And others.