CAGR: 6.3%Current Market Size: USD 14.8 BillionFastest Growing Region: North America
Largest Market: APACProjection Time: 2023-2030Base Year: 2022
The global livestock feed packaging market is expected to grow from USD 14.8 billion in 2022 to USD 24.12 billion by 2030, at a CAGR of 6.3% during the Projection period 2023-2030. The growth of this market is mainly driven owing to the increased production of livestock feed and continuous improvement by adding nutritive values to the feed in order to cope with rising demand from consumers.
Livestock feed processing involves the packaging of products in order to ensure their safety, quality, and freshness. Livestock feeds play an important role in the food industry, and are produced in a variety of industrial feed mills or simply in the mixers used on farms. Packaging for livestock feeds is mainly used for dry feeds, such as crumbles, cubes, pellets, powder, and cakes. It is the most widely consumed food and is produced, and it is created by combining items with a lot of nutritional content, such as straw, oils, silage, hay, etc. In addition, livestock feed contains carbohydrates, minerals, fibres, proteins, antibiotics, and antioxidants. Livestock feed production involves manufacturing animal feed such as cattle feed, poultry feed, dog feed, and several other types for domestic animals, particularly livestock. Multiwall bags, metal cans, and packaging are most commonly used for packaging these livestock feed items. Packaging plays a crucial role in the livestock feed industry as it helps to keep the product safe from adulteration, and environmental factors and also increases the shelf-life of the product, which adds more value to the market growth, sales and revenue. As animal feed products are packaged in different bags, flexible packaging materials are in high demand worldwide. Because different forms and types of products are packed in different bags, packaging for animal feed needs to be extremely flexible. It is expected that the livestock feed packaging market will grow at a profitable rate during this period due to the rise in the demand for flexible packaging.
Sample Request: - Global Livestock Feed Packaging Market
Market Dynamics:
Drivers:
There is an increasing level of competition among feed product manufacturers, which drives the growth of the livestock feed packaging market, and the use of various liquid additives & ingredients in the feed also contributes to market growth. Additionally, the increasing awareness of animal health is driving the market growth. A number of innovations in packaging and labelling, such as labelling metabolizable energy, have also been embraced by the enterprise to help boost market growth.
Restraints:
As single-use plastic is harmful to the environment, the government has banned the use of it for livestock feed throughout the world. The livestock feed packaging market is restraining its growth due to consumers' concerns about the use of plastic material for packaging the product. A second constraint is bulk procurement of a product, which comes in small quantities, such as livestock feed packaging.
Opportunities:
A significant market growth opportunity arises from the improvement of substantial technologies in livestock food products. Also, in the livestock feed packaging market, initiatives have been taken to deliver innovative packaging solutions that would improve the shelf life of wet foods while maintaining their palatability and nutritional value. Additionally, the proliferation of livestock food demand and the increasing use of feed contribute to market growth.
Challenges:
The market is facing a problem due to fluctuating prices of raw materials in the manufacturing of packaging material for livestock feed. The high cost of the packaging material affects the overall price of the final product which leads to low sales of the product in the least developed economies, which hampers the growth of the market.
Segmentation Analysis:
The global livestock feed packaging market has been segmented based on feed type, farm animal, material, and region.
By Feed Type
The feed type segment includes chilled & frozen, wet, pet treats, and dry. The wet segment led the largest share of the livestock feed packaging market with a market share of around 38.8% in 2022. Market growth in 2021 was attributed to the increasing use of different liquid feed ingredients and additives, which led to the wet segment claiming the largest market share of 32.1% with revenues of 4.47 billion.
By Farm Animal
The farm animal segment includes sheep, goats, sheep, mules, pigs, donkeys, horses, cattle, and others. The cattle segment led the largest share of the livestock feed packaging market with a market share of around 31.8% in 2022. Dairy producers are rapidly expanding the cattle feed segment as they replace traditional cattle feed with nutritionally balanced compound feed, realizing the tangible benefits of nutritional feed as a yield improvement tool. In addition, because of the growing population and rising living standards, the livestock industry has had to adapt and grow in order to meet society's demands by providing nutritious animal feed to livestock. All these factors are creating growth opportunities for the livestock feed packaging market.
By Material
The material segment includes metal, paper & paperboards, plastics, and others. The plastic segment led the largest share of the livestock feed packaging market with a market share of around 35.8% in 2022. A rise in stand-up bags & pouches consumption is behind the overall growth of the plastics segment in 2021, which held a 31.2% share of the market and generated a market revenue of 4.35 billion. This trend will keep on growing during the Projection period which will boost the segment growth further.
Global Livestock Feed Packaging Market- Sales Analysis.
The sale of livestock feed packaging expanded at a CAGR of 5.8% from 2016 to 2022.
As a result of the rapid growth in livestock feed production in developing and developed countries, the livestock feed packaging industry is expected to see significant growth during the Projectioned period. The market is also being driven by factors such as increasing animal feed adoption, increased government support, increased worldwide food demand, and an increased global population.
The market for livestock goods and feed additives is expected to expand at a faster rate in the coming years due to the growing demand for quality livestock goods and increasing production of feed.
Due to the increasing trend of online shopping for pet foods and the rising production of animal husbandry and feed in developing areas, the market for feed packaging is expected to grow in the future.
Thus, owing to the aforementioned factors, the global livestock feed packaging market is expected to grow at a CAGR of 6.3% during the Projection period from 2023 to 2030.
By Regional Analysis:
The regions analyzed for the livestock feed packaging market include North America, Europe, South America, Asia Pacific, the Middle East, and Africa. The Asia Pacific region dominated the livestock feed packaging market and held a 38.9% share of the market revenue in 2022.
Global Livestock Feed Packaging Market - Country Analysis:
Germany's livestock feed packaging market size was valued at USD 1.05 billion in 2022 and is expected to reach USD 1.7 billion by 2030, at a CAGR of 6.4% from 2023 to 2030.
In Germany, the livestock population will continue to grow due to the increasing population and increasing demand for chicken, beef, and other meat products. This trend would increase the demand and consumption of animal feed. As well as increased purchasing power due to an increase in consumer income, demand for livestock feed packaging is expected to grow during this period.
China’s livestock feed packaging market size was valued at USD 1.48 billion in 2022 and is expected to reach USD 2.48 billion by 2030, at a CAGR of 6.7% from 2023 to 2030.
A growing number of hog producers, poultry farmers, and commercialized agricultural farms, as well as increasing per capita income has resulted in an increase in the consumption of high-protein meat. This has subsequently driven the livestock feed market, which in turn has caused the livestock feed packaging market in China to grow simultaneously.
India's livestock feed packaging market size was valued at USD 1.14 billion in 2022 and is expected to reach USD 1.9 billion by 2030, at a CAGR of 6.6% from 2023 to 2030.
It is estimated that India is the world's second-largest feed producer. The animal feed includes a wide range of raw, processed, and semi-processed products used for feeding livestock. In addition to pasture grasses, hay, silage crops, and other byproducts of food crops, such as brewers’ grains, sugar beet pulp, etc., some of the most common feeds are grasses and hay. By incorporating nutritional additives, these products are carefully formulated, leading to the growth of the livestock feed packaging market due to the growth in livestock feed production.
Key Industry Players Analysis:
To increase their market position in the global livestock feed packaging market business, top companies focus on tactics such as adopting new technology, mergers & acquisitions, product developments, collaborations, partnerships, joint ventures, etc.
Latest Development:
Report Metrics
Report Attribute |
Details |
Study Period |
2022-2030 |
Base year |
2022 |
CAGR (%) |
6.3% |
Market Size |
14.8 billion in 2022 |
Projection period |
2023-2030 |
Projection unit |
Value (USD) |
Segments covered |
By Feed Type, By Farm Animal, By Material, and By Region. |
Report Scope |
Revenue Projection, competitive landscape, company ranking, growth factors, and trends |
Companies covered |
NYP Corp., Huhtamaki, Mondi, Flexible Packaging Europe, LC Packaging, ABC Packaging, NPP, NNZ Group, Shenzhen Longma Industrial Co., Limited, Winpak Ltd., Amcor plc, ProAmpac, Sonoco Products Company, Plasteuropa, and Constantia Flexibles. |
By Feed Type |
|
By Farm Animal |
|
By Material |
|
Regional scope |
|
Scope of the Report
Global Livestock Feed Packaging Market by Feed Type:
Global Livestock Feed Packaging Market by Farm Animal:
Global Livestock Feed Packaging Market by Material:
Global Livestock Feed Packaging Market by Region:
Global livestock feed packaging market was valued USD 14.8 billion in 2022
Technological improvements and growing competition among feed manufacturers.
Asia Pacific region will witness more growth in the livestock feed packaging market.
The segments covered in the livestock feed packaging market are; feed type, farm animal, material, and region.
Leading players in the livestock feed packaging market are NYP Corp., Huhtamaki, Mondi, Flexible Packaging Europe, LC Packaging, ABC Packaging, NPP, NNZ Group, Shenzhen Longma Industrial Co., Limited, Winpak Ltd., Amcor plc, ProAmpac, Sonoco Products Company, Plasteuropa, Constantia Flexibles among others.
Political Factors- Government policies have an impact on the purchase, production, and pricing of agricultural goods and raw materials. The United States, for example, has passed legislation requiring the labelling of products containing genetically modified organisms (GMOs). China, the United States, Brazil, India, Russia, France, Mexico, Japan, Germany, and Turkey are the world's top agricultural producers. Certainly, the political ideologies of these countries differ; nevertheless, one thing they all have in common is internal political stability. Yet, it should be noted that the Ukraine crisis has increased the expenses of fertiliser, animal feed, and fuel, resulting in food price hikes (Johnson, 2022).
Economic Factors-Many developing economies are heavily reliant on agriculture to supply domestic demand. Similarly, they frequently need to import things when native supply does not satisfy demand. Nonetheless, affluent countries such as the United States, Germany, and several EU member states import a significant amount of agricultural products. It is worth noting that China is the world's largest importer of agricultural products. Consumer demand, global food production, and global export demand are all economic issues that influence the agriculture industry. These factors influence agricultural product pricing and are influenced by global prices, consumer demand, and government legislation. The availability of specific raw supplies, such as water, fuel, fertilisers, and pesticides, is another issue that affects the sector.
Social Factors- Around one billion individuals are projected to work in the worldwide agriculture industry. Several social variables undoubtedly have an impact on this industry. For cultural reasons, rice is particularly popular in nations such as China, India, Indonesia, Vietnam, and Bangladesh. In fact, China consumes more rice than any other country on the planet. People in various countries have unique historical and cultural legacies related to their involvement with agriculture. Farming has been passed down through many generations to the current generation.
Technological Factors- The technological variables that influence the industry include the status of technology, which influences seed breeding and selection, the design of farming and agro-industrial equipment and structures, and the application of scientific knowledge to soil and water resource management. The Green Revolution, for example, transformed agriculture by drastically raising yields of important crops such as rice, corn, and wheat. Biotechnologies, for example, are giving rise to new and interesting farm advances.
Environmental Factors-Weather has a significant impact on agriculture. Rice, for example, must be grown in a flooded field with several inches of water (Shahbandeh, 2022). Enough rain is essential for this to occur because obtaining water through other ways is costly. Environmental issues such as flooding and drought harm agriculture in many countries. Every year, floods in Bangladesh destroy crops (which could yield thousands of tonnes of rice). Similarly, severe drought has harmed the agricultural business in some African countries.
Legal Factors- The legal component is the final component of this PESTEL examination of the agriculture business. Domestic and international trade agreements, particularly those between countries and regions; government regulation; property rights; and product labelling are all legal concerns that affect the sector. It should be remembered that each country has its own set of rules and regulations that govern the agricultural industry. Yet, the application differs from country to country. Similarly, as seen in India and the United States in recent years, new laws may upset farmers.
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