Key Strategies Adopted by Key Players in the Global Feed Packaging Market

Posted on 2021-04-21 by MarketsandMarkets in Agriculture // 0 Comments

The global feed packaging market size is projected to grow from USD 13.8 billion in 2018 to USD 17.8 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 5.2% during the forecast period. As a result of the growing trend of online shopping for pet foods, owing to the increasing demand for convenient pet foods and growing animal husbandry and feed production in the developing regions, the market for feed packaging is expected to grow in the future. The feed packaging market is further bifurcated into pet food and livestock feed packaging.

Download PDF Brochure

The major feed packaging vendors 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), Sonoco Products Company (US), Winpak Ltd., (Canada), NNZ Group (the Netherlands), Constantia Flexible Group (Austria), and Huhtamäki Oyj (Finland).

These players have adopted various growth strategies, such as expansions & investments and new product launches, to further expand their presence in the global feed packaging (for pets) market. Acquisitions has been the most dominating strategy adopted by major players from 2015 to 2018.This has helped them to innovate their offerings and broaden their customer base.

Amcor Ltd. has been focusing on acquisitions and various agreements to expand its reach across different provinces of growing countries. Further, in line with the rising importance of environment-friendly packaging, Amcor Limited has been working to deliver biodegradable and environment-friendly services to the feed industry. The company also focuses on building long-term strategic partnerships with companies that are leaders in the feed packaging (for pets) market. Thus, this strategy has helped Amcor Limited to develop new reusable and recyclable solutions and take them faster to the market.

Make an Inquiry

Furthermore, Mondi, along with Pope Packaging (Australia), created 100% recyclable and biodegradable paper sack-Enviro Barrier-using Mondi’s Advantage Speed Sack kraft paper. Enviro was designed to be a cost-effective, useful, and fully sustainable alternative to paper sacks containing HDPE film. Also, in August 2018, Mondi acquired Suez Bags Company S.A.E, (Egypt), an industrial bag producer operating a plant near Cairo in Egypt. The acquisition of Suez Bags would complement Mondi’s network in the growing Middle Eastern region and would help it to grow its business and serve its customers better.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Matched content

Editor’s pick