Food Packaging Market – Growth, Trends, Covid-19 Impact, And Forecasts (2022 – 2028)
The Global Feed Packaging Market was estimated at USD 17.29 Billion in 2021, and is projected to reach USD 24.01 Billion by 2028, growing at a CAGR of 4.8% over the analysis period.
Feed Packaging Market report covers a detailed analysis of current and upcoming market trends, company market shares, market projections, competitive benchmarking, competition mapping, and in-depth research of the most significant sustainability strategies and their impact on industry growth and competition. The research was conducted using a combination of primary and secondary data, as well as input from leading industry players.
Packaging 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 the on-farm mixers. These feeds are usually in various forms such as dried, 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.
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The Major Players In The Feed Packaging Market Include:
- 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)
Market has segmented the global Feed Packaging market on the basis of type, application, and region:
The Feed Packaging market is segmented by type and application. Growth between segments over the period 2022-2028 provides accurate calculations and forecasts of revenue by type and application in terms of volume and value. This analysis can help you expand your business by targeting eligible niches.
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- Retail stores
- Supermarkets/ Hypermarkets
- Online sales channel
By Regional Outlook (Revenue, USD Billion, 2017 – 2028)
- North America (U.S., Canada, Mexico)
- Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
- Asia-Pacific (China, India, Japan, Southeast Asia, Rest of APAC)
- Middle East & Africa (GCC Countries, South Africa, Rest of MEA)
- South America (Brazil, Argentina, Rest of South America)
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Covid-19 Impact and Recovery Analysis on Industry:
The COVID-19 pandemic has had devastating effects on several industry verticals globally. To constrain the number of cases [email protected] and slow the coronavirus spread, various public health guidelines were implemented in different countries across the globe. COVID-19 protocols ranging from declaring national emergency states, enforcing stay-at-home orders, closing nonessential business operations and schools, banning public gatherings, imposing curfews, distributing digital passes, and allowing police to restrict citizen movements within a country, as well as closing international borders. With the growing vaccination rate, governments are uplifting the protocols to give a boost to the stagnant economy. Like other industries, Feed Packaging Market have experienced slowdown the growth, however market is expected bounce back as restrictions are being lifted up by governments across the globe.
Report covered the major key points:
- Explore key findings of the overall market
- Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
- Market forecasts for a minimum of 7years, along with 5 years of historical data for all segments, sub-segments, and regions
- Market Segmentation caters to a thorough assessment of key segments with their market estimations
- Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
- Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
- Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
- Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments
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