Report ID: SQSG30C2033
Report ID:
SQSG30C2033 |
Region:
Global |
Published Date: October, 2024
Pages:
157
|
Tables:
122 |
Figures:
77
Feed Packaging Market size was valued at USD 17.8 Billion in 2023 and is poised to grow from USD 18.73 Billion in 2024 to USD 28.64 Billion by 2032, growing at a CAGR of 5.2% during the forecast period (2025-2032).
Packaging refers to materials used to wrap and safeguard products. As it offers tamper resistance in addition to meeting physical, chemical, and biological requirements, feed packaging is used to pack feed. Facts regarding the nutritional value of packaged items and other details about the feed being supplied are included on the packaging labels. The market for feed packaging is expanding as a result of an increase in the number of pets and pet care expenses. Additionally, the ability of feed packaging to increase the shelf life of feed contributes to the market's expansion. Government restrictions on the use of plastic and rising consumer demand for environmentally friendly packaging, however, are limiting industry expansion. Aseptic packaging is anticipated to accelerate expansion in the feed business.
Along with meeting the feed's biological, chemical, and physical needs, feed packaging also provides tamper resistance. The demand for and expansion of the feed packaging market are mostly being driven by the increase in competition, innovation, and product differentiation in pet food packaging products.
Additionally, it is anticipated that the feed packaging market would experience lucrative expansion throughout the course of the forecast period as a result of feed ingredients and the rising use of numerous liquid additives.
US Feed Packaging Market is poised to grow at a sustainable CAGR for the next forecast year.
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Report ID: SQSG30C2033