The global Feed Packaging market size is expected to reach close to USD 437.86 Billion by 2029 with an annualized growth rate of 5.01% through the projected period.
The demand for feed processing is further bifurcated into the processing of pet food and livestock feed. The rising pattern of pet humanization and the rising sales on the feed and pet care sector in emerging economies are the major factors driving the feed packaging market. In addition, the industry is also projected to be guided by rising demand for shelf extension of feed at the end of small and mid-scale livestock rearers.
This is due to feeding livestock to conventional dry farms in the developing regions. However, with growing demand for quality livestock goods and increasing production of feed and feed additives, it is anticipated that this market will expand at a higher pace in the coming years. As a result of the rising trend of online shopping for pet foods, the market for feed packaging is projected to expand in the future due to the increasing demand for accessible pet foods and rising animal husbandry and feed production in developing regions.
Feed Packaging Market Scope
|Forecast Unit||Value (USD)|
|Revenue forecast in 2028||USD 437.86 Billion|
|Growth Rate||CAGR of 5.01 % during 2021-2028|
|Segment Covered||By Material, Regions|
|Regions Covered||North America, Europe, Asia Pacific, Middle East and Africa, South America|
|Key Players Profiled||Mondi, Amcor plc, Berry Global Inc., Ball Corporation, StoraEnso, Constantia Flexibles, Plastipak Holdings, Inc., Tetra Pak International S.A, DS Smith, Exxon Mobil Corporation.|
Key Segments of the Global Feed Packaging Market
Type Overview, 2018-2028 (USD Billion, Million Tons)
Pet Overview, 2018-2028 (USD Billion, Million Tons)
Livestock Overview, 2018-2028 (USD Billion, Million Tons)
Regional Overview, 2018-2028 (USD Billion, Million Tons)
- Rest of Europe
- Rest of Asia-Pacific
Middle East and Africa
- South Africa
- Rest of Middle East and Africa
- Rest of South America
Reasons for the study
- The purpose of the study is to give an exhaustive outlook of the global feed packaging market.
- Feed packaging is widely used for different livestock sectors, owing to their excellent properties and the market is expected to gain traction over the coming years
- With the growing dogs and cat sector, there is a rise in the demand for feed packaging which is further expected to have a positive impact on the overall market growth
What does the report include?
- The study on the global feed packaging market includes qualitative factors such as drivers, restraints, and opportunities
- The study covers the competitive landscape of existing/prospective players in the feed packaging industry and their strategic initiatives for the product development
- The study covers a qualitative and quantitative analysis of the market segmented based on Type and Pet and Livestock Type. Moreover, the study provides similar information for the key geographies.
- Actual market sizes and forecasts have been provided for all the above-mentioned segments.
Who should buy this report?
- This study is suitable for industry participants and stakeholders in the global feed packaging market. The report will benefit: Every stakeholder involved in the feed packaging market.
- Managers within the feed packaging industry looking to publish recent and forecasted statistics about the global feed packaging market.
- Government organizations, regulatory authorities, policymakers, and organizations looking for investments in trends of global feed packaging market.
- Analysts, researchers, educators, strategy managers, and academic institutions looking for insights into the market to determine future strategies.
Frequently Asked Questions (FAQ) :
Feed packaging, along with physical, chemical, and biological feed requirements, provides safety and tampering resistance. Packaging labels can provide information on the nutritional quality of the feed, as well as other information relating to the feed offered for sale. Feed packaging provides the feed with physical security, sanitation, containment, details, and barrier security. It also contributes to feed promotion & marketing efforts and contributes to the ease of distribution & handling, use and recycle of the products in the feed industry.
The growth of the feed packaging industry is expected to be driven by increasing competition, product diversity in packaging products and massive advances in pet food packaging products. However, in the years ahead, the need for greater technical understanding of other types of packaging may hamper market development. In order to direct the consumer demand for feed packaging, a huge need to increase the shelf life of wet food products without affecting the nutritional content as well as the palatability of the products is required.
Furthermore, the growing use of various liquid additives as well as feed ingredients is expected to create lucrative growth prospects for the feed packaging industry in the coming years. As a result of its simplicity and successful use in the distribution channel, the increasing trend of flexible packaging is projected to increase the growth rate of the feed packaging industry in the years ahead.
Based on the livestock, the market is segmented into poultry, ruminants, swine, and others. The poultry feed packaging segment has the largest share in the market in 2019 and the market is forecasted to grow with the significant rate of above 5% CAGR over the forecast period. The greater share of poultry feed is due to the processing of poultry feed on a wide scale. The large-scale development of poultry feed is a consequence of its growing use, since it is devoid of religious considerations, unlike pork and beef. The production of poultry for meat is forecasted to provide a high demand for the consumption of the products in the global industry, Further, the factor fuels the demand for superior quality feed and feed additives is projected to accelerate rapid growth in the production of poultry meat.
In terms of the type segment, the market is segmented into Flexible and Rigid. In 2019, the flexible packaging segment has the fastest growth in the market in 2019 and the market is forecasted to grow with the significant rate of above 6% CAGR over the forecast period. In the feed packaging industry, the flexible form of packaging, in which plastic material is heavily used, has played a major role. Business development is being driven by developments in the packaging industry, the introduction of recyclable and reusable packaging and the use of decomposable and biodegradable plastic materials. Moreover, plastic is more durable, tensile, and can assume any form or scale relative to other materials. The growth of the feed packaging industry has been fuelled by these factors.
Asia Pacific region has the largest share in market with a CAGR of more than 35% in 2019 and is anticipated to continue with the same position during the forecast years 2018-2028. Maximum advances in feed processing and packaging are being observed in the field. Demand for meat and dairy products is expected to develop rapidly in countries such as China, Japan, Thailand and India, both for domestic consumption and for exports. The growing demand for dairy and meat products has resulted in an increase in the supply of feed. Because of these reasons, packaging applications have expanded, and the demand for livestock feed packaging is expected to expand.
North America region is anticipated to provide a high CAGR of over 6% during the forecast period. In terms of pet adoption and packaging technologies, the countries such as U.S. and Canada is considered the to be have the largest sales for the pet care products. The demand for feed packaging in North America is primarily driven by high pet ownership, the proliferation and premiumization of developments, and the launch of a number of packaging products for pet food. Increasing demand for high nutritious value premium pet food, along with pet food safety issues by pet owners, has helped boost packaging and labelling consistency levels.
The major players of the global feed packaging market are LC Packaging, NPP Group Limited, Plasteuropa Group, NYP Corp., El Dorado Packaging, Inc., and ABC Packaging Direct. Moreover, the market comprises several other prominent players in the feed packaging market as Shenzhen Longma Industrial Co., Limited, Mondi Group, ProAmpac, and Sonoco Products and Amcor Limited. The feed packaging market consists of top, medium level and a number of domestic players in the global market. In addition to this, the well-established players in the industry have made various strategies and research & developments to compete with other players in the regional and global market.