Report ID: SQSG30C2033
Report ID:
SQSG30C2033 |
Region:
Global |
Published Date: October, 2024
Pages:
157
|
Tables:
122 |
Figures:
77
The Asia Pacific accounted for the largest market share and is expected to remain the leading consumer of Feed Packaging in the coming years. The heavy reliance on animal-based food products in dietary patterns in developing countries in the Asia Pacific is a major driving force. The production and packing of feed is undergoing the greatest advancements in the region. The demand for meat and dairy products is expected to rise as a result of the region's strong economic expansion, notably in nations like China, India, Japan, and Thailand for both local consumption and exports. The region's production of feed has increased as a result of the rising demand for meat and dairy products. These factors have raised the use of packaging, and from 2022 to 2028, the livestock feed packaging market is anticipated to rise strongly.
In addition, developing nations in Asia like India, Thailand, and Vietnam have much smaller livestock farms than developed nations do, and their infrastructure for storing feed is subpar. Farmers like to purchase feed in woven bags (25 to 50 kg) due to these reasons since it minimizes spoiling. Further encouraging the livestock farmers to purchase well-packaged feed are the expanding animal husbandry methods, rising clean label product awareness, and rising demand for livestock products. The market for packaging livestock feed in the area is anticipated to increase as a result of these factors.
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Report ID: SQSG30C2033