Feed Packaging Market

Global Feed Packaging Market Size (2024 to 2029)

The global feed packaging market is expected to be valued at USD 16.06 billion in 2024 and reach USD 20.70 billion by 2029, growing at a CAGR of 5.2% from 2024 to 2029.

Feed is an essential elemental component of daily life. According to the World Packaging Organization (WPO), the global packaging industry's revenue exceeds $ 500 billion. Durability, convenience, efficiency, traceability, protection, and flexibility against counterfeiting are parameters associated with packaging solutions. For consumers, easy-to-use and sustainable packaging is becoming a priority more than ever.

Global Feed Packaging Market Drivers:

Feed is mainly used due to its easy transport, long shelf life, and ready-to-eat. These feed products include snacks, frozen feeds, snacks, candy, beverages, and others. These products generally require less preparation time and are served hot in ready-to-eat packages. The growing demand for ready-to-eat snacks due to a sedentary lifestyle is expected to drive the growth of the global feed packaging market. Also, the increase in disposable income per capita with the growth of the labor force is the key factor in the development of the market. Most consumers are turning to easily edible feeds, which will drive expansion in this market.

Global Feed Packaging Market Restraints:

Plastic is one of the main raw materials used for feed packaging. Plastic containers are made from synthetic polymers like polypropylene and polyethylene that are made from natural resources. The fluctuation in the price of these raw materials affects the packaging industry. Additionally, regulations developed by the government and resource conservation associations are driving up the price of these raw materials, which in turn slows business growth.

Impact Of Covid-19 On Feed Packaging Market:

The global packaging market is large and mature, and most investors are investing heavily in the packaging industry during the pandemic. However, the packaging industry has had little exposure to the coronavirus outbreak. Packaging companies serving industries such as feed, personal care, beverage, and pharmaceuticals are expected to perform well in the current situation, as changes in demand, government actions, and warehousing could cause a problem. Growing demand for products.

The growing demand for packaging materials in the feed industry and pre-made packaging for the grocery industry has led retailers to meet growing consumer demand and restock shelves. The restaurant business should reconsider the use of rechargeable and reusable items that could minimize the spread of the virus. The shift in customer and retail options toward prepackaged items, ordinarily fruits and vegetables, has extended amid the COVID-19 outbreak.

REPORT COVERAGE:

This research report on the global feed packing market is segmented and sub-segmented into the following categories.

Global Feed Packaging Market - By Pet:

• Dogs
• Cats
• Fish
• Birds
• Others (Tortoise and Reptiles)

Global Feed Packaging Market – By livestock:

• Poultry
• Ruminants
• Swine
• Others (Aquatic animals and Equine)

 Global Feed Packaging Market – By Feed Type:

• Dry
• Wet
• Pet Treats
• Chilled & frozen

Global Feed Packaging Market – By Feed Type (For livestock):

• Dry
• Wet

Global Feed Packaging Market – By Material (For Pets):

• Plastic
• Paper & paperboards
• Metal
• Others (Glass, Wood, and Cotton)

Metal containers are commonly used for applications such as canned feed, fish, canned meat, and fruits. Increasing demand for metal cans due to the long shelf life of feed products, tamper-evident packaging, and preservation of nutrition is expected to drive market growth. Rising demand for steel cans because of the long shelf life of food products, tamper-evident packaging, and maintenance of nutrients is anticipated to drive marketplace growth.

Global Feed Packaging Market – By Material (For livestock):

• Plastic
• Paper
• Jute
• Others (Cotton and Polyester)

Plastic feed packaging is expected to grow rapidly due to its adoption by end-users due to its low prices. The growing use of plastic films in secondary food packaging is predicted to have a tremendous impact on the marketplace. The superior properties that plastic packaging offers, such as increased scalability and a high moisture barrier, are believed to drive demand for the product.

Global Feed Packaging Market – By Type (For pets):

• Flexible
• Rigid

Rigid packing containers are broadly used for their residences and have a high barrier to light, moisture, and oxygen, which prevents food from being contaminated. North America is estimated to be the largest market for rigid feed packaging due to growing consumer demand for packaged feeds that provide nutritional value and convenience. Semi-rigid packaging programs consist of dairy products, fresh sandwich packaging, and bakery and confectionery products. Therefore, increased consumption of milk and dairy products and bakery and confectionery products is expected to stimulate the demand for semi-rigid feed packaging in the coming years.

Global Feed Packaging Market - By Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

The US market is supposed to be boosted by increasing urban populations, leading to growth in the consumption of packaged feeds and a growing popularity of individual packages. The market is also supported by a growing infrastructure for recycling plastics, metals, and glass, but concerns about waste due to improper packaging can hamper growth. The Asia-Pacific market is foreseen to register considerable growth, due to strong growth in the countries of the feed packaging industry. Increased animal feed production is likely to stimulate demand for feed packaging, which is determined to boost business growth in countries. Emerging Asian countries like Vietnam, Thailand, and India have relatively limited and weak feed storage facilities, so farmers tend to buy feed in woven bags that allow for bulk storage without feed waste.

KEY MARKET PLAYERS:

The major key players in the international market are LC Packaging, El Dorado Packaging Inc., NPP Group Limited, Plasteuropa Group, NYP Corp., ABC Packaging Direct, Shenzhen Longma Industrial Co., Limited, Amcor Limited, Mondi Group, ProAmpac, Sonoco Products Company, Winpak Ltd., NNZ Group, Constantia Flexible Group, and Huhtamäki Oyj.

RECENT DEVELOPMENTS IN THE MARKET:

In collaboration with Amcor, the project will launch the world's first feed and microwave-safe single-material rice bag. Launched with a first pilot in the first half of 2021, the company aims to further develop the technology in its portfolio in the second half of the year.