$2.5 Billion Dollars in Pet Food Packaging
It’s official. The pet food industry is currently experiencing massive growth, which in turn will mean that pet food packaging will reach $2.5 billion dollars in revenue over the next few years.
This is all being fueled by pet owners wanting to give their pets more eating options, as well as an increase in the amount of pet owners across the USA as a whole. The growth is expected to be in the region of 4.8% per year.
The pet food industry is currently booming, with a huge array of different products being sold in supermarkets, specialty stores and online. As well as the most commonly known pet food brands, there is also pet food that appeals to the high end consumer, as well as brands that are targeting the healthy eating demographic.
All of the recent trends are to be published in a brand new study called “Pet Food Packaging,” which will be compiled and published by the Freedonia Group.
At the core of the pet food packaging growth cycle is the newly designed plastic pouches that consumers are now demanding. This is mainly because the pouches have a number of exciting features that make it easier for the consumer to use the product.
As an example, there are zippered closure mechanisms and the pouch is extremely lightweight. This lightweight pouch also makes pet food cheaper to transport, meaning it is a big hit with distributors.
Perhaps the next area that will see huge growth is the chilled and frozen pet food segment. This also represents a huge opportunity for pet food packaging suppliers as the area is expected to double, or even triple in size by the year 2018. The growth is expected to be fueled by supermarkets increasing chilled and frozen areas in their stores, which means they will require more products to fill the space.
Hovis Launch New Sustainable Bread Bag
The well known UK company Hovis, a baking and flour milling business, are the first company to launch a new polyethylene bread bag into stores across the country. The main benefit of using this bag is the fact that it is made almost completely from renewable sources, which means it is environmentally friendly and helps to reduce energy consumption.
The bread bag has been developed and supplied by the company Amcor, and is currently being trialled in UK supermarkets with the bread product “Seed Sensations.” The bag is actually produced from a sugar cane source, and is thought to have between a 70% and 80% lower carbon footprint than other bread bags in the marketplace.
Only time will tell if the new Hovis sustainable bread bag is a big hit in the UK, but if results are as expected, then it could lead the way for more bread and food products to start using similar packaging.
Within 10 years this could easily become the norm for how food is packaged around the world, and with that, energy consumption would dramatically decrease, which means many governments would hit their green targets and become more environmentally friendly.