Market Highlights
Considering the global trend, pet care industry is one of the emerging markets as majority of pet owners are often willing to spend extra money on their pet’s healthcare and other requirements.
In the recent years, a tremendous technological advancements has been observed in pet care. By taking pet’s healthcare and their requirements in mind, few technologies have been introduced, such as, computerized feeders, pedometers, etc. A number of factors such as, increasing power of e-commerce, rising trend of bringing pets, increase in pet population, and increasing disposable incomes in middle income groups are propelling the growth of pet care market. Furthermore, choosing prime healthcare and food products for pets by their owners is another key factor driving the pet care market to a great extent.
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Despite the growth of global pet care market, a number of factors like increasing prices of pet care products, strict regulations imposed by government, and chances of allergy from animal-associated allergens may hamper the growth of the market over the assessment period.
Segmentation
The pet care market is classified on the basis of type, and product & services
On the basis of type, the market is segmented into dog, cat, and others.
On the basis of product & services, the market is segmented into pet food, pet healthcare products, and others. Pet healthcare products is further segmented into medicines, vaccines, and others.
Regional analysis
Geographically, the global pet care market is classified into the Americas, Europe, Asia Pacific, and the Middle East & Africa. The Americas accounts for the largest share of pet care market due to rising trend of pet humanization and increasing expenditure on pet’s food and healthcare by their owners. According to the American Pet Products Association (APPA), the actual U.S. Pet Industry Expenditures for the year 2016 is $66.75 billion and the number has increased by 4.2% from the previous year.
Owing to the increasing disposable income, Asia Pacific is the fastest growing market and among Asia Pacific region, India commands the highest market share in the market.
Increasing awareness about healthy pet foods and altering socioeconomic status may intensify the growth of the pet care market in the Middle East also.
Key Players
Some of the key player in the market are Aller Petfood Llc, Ancol Pet Products Limited, Beaphar, BHJ, Martin & Martin (Pty) Ltd., earthbath, J.M. Smucker Company, Nestlé, PetLife LLC and
PLATINUM PETS.
In the last few years, pet care market has been experiencing a significant growth in terms of technological advancements and innovation, for instance, PetLife LLC introduced a high-tech pet motion, activity and consumption tracker. This high-tech product is operated via Bluetooth and Wi-Fi.
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A recent report published by TheBusinessResearchCompany on Animal And Pet Food Market provides in-depth analysis of segments and sub-segments in the global as well as regional.The Animal And Pet Food Global Market Report 2019 which provides strategists, marketers and senior management with the critical information they need to assess the global animal and pet food market.The report covers the animal and pet food market’s segments- pet food manufacturing, animal food manufacturing, dog and cat food, other pet food, poultry feed, cattle feed, aquaculture feed, and other animal food.
Animal And Pet Food Global Market Report 2019 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 50+ geographies.
The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by region and by country.
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The major regions included in the report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.Grain-free dog foods, the premiumization of pet foods, and the rise of pet food e-commerce are the major trends being witnessed in the global animal and pet food market.TBRC clients can read more in the report “Animal And Pet Food Global Market Report 2019” and Take a look at our year-end deals on Opportunities and Strategies Reports.
The global Pet Wearables market study presents an all in all compilation of the historical, current and future outlook of the market as well as the factors responsible for such a growth.
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Industry InsightThe global PET Packaging Market 2020 offers a steady compound annual growth rate (CAGR) from 2018 to 2023 of 5%, making the total market valuation higher than previously.
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Owing to these properties, PET packaging is valuable among other packaging materials and making the market more strong among other packaging competitors.As per MRFR, the growing reputation of lightweight packaging will have an encouraging impact on the market and add to its growth significantly over the forecast period.
In fact, various manufacturers are also investing heavily in the development of lighter PET materials for packaging.
Thus, the growing popularity of PET packaging is expected to drive the growth of the PET packaging market during the forecast period.Similarly, other significant factors driving the global PET packaging market also include rising demand from end-use industries.
Market Research Future Published a Half-Cooked Research Report on Global Bio-Based PET Market Research Report - Forecast to 2023Global Bio-Based PET Market is spanned across five regions namely North America, Asia Pacific, Europe, Latin America, and the Middle East & Africa.
North America is the leading region in the Global Bio-Based PET Market due to the high production and use of the product in the packaging of food products, medical products, and automotive.
Toxic Substances Act, Clean Water Act, and Clean Air Act are few of the initiatives taken by the Government to protect the environment and human health, thereby, increasing the demand for Bio-Based Polymers.
Furthermore, the presence of National Association for PET Container Resources (NAPCOR) in the U.S. and Canada to promote PET packaging is anticipated to drive the global market during the assessment period.The Asia Pacific is anticipated to be the fastest growing region in the Global Bio-Based PET Market due to high demand for the product from the consumer goods, electronics, and automotive industries.
The increasing demand for these products can be attributed to the changing lifestyle and the high disposable income.
The increasing production and sales of lightweight and efficient electronics and automotive in Japan and China have augmented the market growth.
Recently published a report entitled PET Bottles Market projected till 2026, added by Value Market Research, covers key players along with their market share and strategic development adopted by them.
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Some of the prominent players operating in the global PET bottles market are Alpack Plastics, Alpha Packaging, Amcor Limited, BERICAP GmbH & Co. KG, Berry Global, Inc., Constar Internationals, Inc., Container Corporation of Canada, Cospack America Corporation, Graham Packaging Company Inc., Ontario Plastic Container Producers Ltd., Plastipak Holdings, Inc., Resilux NV, And Rexam, Inc.
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Some of the prominent players operating in the global PET bottles market are Alpack Plastics, Alpha Packaging, Amcor Limited, BERICAP GmbH & Co. KG, Berry Global, Inc., Constar Internationals, Inc., Container Corporation of Canada, Cospack America Corporation, Graham Packaging Company Inc., Ontario Plastic Container Producers Ltd., Plastipak Holdings, Inc., Resilux NV, And Rexam, Inc.
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