The Global Feed Packaging Market size is expected to grow from USD 18.15 billion in 2022 to USD 26.82 billion by 2030, at a CAGR of 5% during the forecast period (2023-2030).
Feed Packaging Market refers to the process of protecting or enclosing products for distribution, sale, storage, and use. Animal feeds play a significant role in the food industry and are produced in various industrial feed mills or simply in on-farm mixers. These feeds are usually in various forms such as dry, wet, or chilled, and further require appropriate packaging for future use and transportation. Feed packaging is thus the ultimate solution, as packing feeds and their products safely ensure food safety, enhance animal health and welfare, and increase feed quality. Feed packaging provides tampering resistance along with chemical, biological, and physical requirements for feed. The immense rise in the livestock and pet population has highlighted the importance of feed packaging. In pet and livestock packaging products, the rapid increase in competition, product innovation, and differentiation are most likely to fuel the growth of the feed packaging market in the upcoming years.
Top Company Profiles Include in Feed Packaging Market Report:
LC Packaging (Netherlands),El Dorado Packaging Inc. (US), NPP Group Limited (Ireland), Plasteuropa Group (UK), NYP Corp. (US), ABC Packaging Direct (US), Shenzhen Longma Industrial Co., Limited (China), Amcor Limited (Australia), Mondi Group (Austria), ProAmpac (US), Sonoco Products Company (US), Winpak Ltd., (Canada), NNZ Group (the Netherlands), Constantia Flexible Group (Austria), Huhtamäki Oyj (Finland), and other major players.
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The latest research on the Feed Packaging Market provides a comprehensive overview of the market for the years 2023 to 2030. It gives a comprehensive picture of the global Feed Packaging Market industry, considering all significant industry trends, market dynamics, competitive landscape, and market analysis tools such as Porter's five forces analysis, Industry Value chain analysis, and PESTEL analysis of the Feed Packaging Market. Moreover, the report includes significant chapters such as Patent Analysis, Regulatory Framework, Technology Roadmap, BCG Matrix, Heat Map Analysis, Price Trend Analysis, and Investment Analysis which help to understand the market direction and movement in the current and upcoming years. The report is designed to help readers find information and make decisions that will help them grow their businesses. The study is written with a specific goal: to give business insights and consultancy to help customers make smart business decisions and achieve long-term success in their particular market areas.
Segmentation Analysis of Feed Packaging Market:
· Pets
· Livestock
By Feed Type
· Dry
· Wet
· Pet treats
· Chilled & frozen
· Others
By Material
· Retail stores
· Supermarkets/ Hypermarkets
· Online sales channel
Market share data Market Segment by Regions and Countries Level Analysis:
§ North America (U.S., Canada, Mexico)
§ Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
§ Western Europe (Germany, U.K., France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
§ Asia-Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
§ Middle East & Africa (Turkey, Saudi Arabia, Bahrain, Kuwait, Qatar, UAE, Israel, South Africa)
§ South America (Brazil, Argentina, Rest of SA)
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Covid-19 Impact Analysis On Feed Packaging Market
The COVID-19 pandemic had a strong impact on the packaging industry along with other industries. The sudden emergence of the virus had a negative impact and faster decline in demand for specific packaging types such as feed packaging, further boosting growth for others like e-commerce shipments. COVID-19 also caused a new set of challenges to several packaging companies. Demand for feed packaging and materials used for the same is closely liked to the trend in GDP, and due to the sudden change in supply and demand, the growth of this sector was hampered. Also, owing to the rising safety concerns among consumers for hygienic and safe packaging, and changing packaging choices, the feed packaging market faced problems during the lockdown and shutdown.
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· The definitive study on the future growth of the market.
· In-depth understanding of the Keyword market-specific drivers, constraints, and key micro markets.
· Favorable technology and market latest trends to hit the market.
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