OPCO Positioned for Enhanced Role on Fast Growing Pet Care Market
Already a leading provider of unique and highly innovative pet care solutions ranging from toys to feeding and waste management, Ohio-based OurPet’s Company, Inc. (OTCQX: OPCO) expects to expand its presence on the fast-growing pet care market through a unique line of products designed to awaken a pet’s natural instincts.
The company’s innovative products, as other premium pet care solutions available on the market, cater to the needs of a growing number of customers who are treating their pets like family members and are looking to buy only the most high-end products for them, according to an analysis from industry research report provider Sandler Research (http://dtn.fm/Xxtx2
The report also shows that the global pet care market is expected to grow at a compound annual growth rate of 4.72% from 2016 to 2020, driven mostly by high profit margins for manufacturers offering a wide range of specialized, premium products. The highest revenue-generating geographic region in the market will be North America, expected to hold more than 40% of the market share.
Despite fierce competition on the pet care market, companies that consistently provide top-quality, premium products will only strengthen their positions, while many vendors will also take action to expand their business to emerging markets such as the Asia-Pacific, Central and South America, the report indicates.
With its unique line of proprietary pet products distributed both in the United States and overseas, OurPet’s Company therefore seems poised for overcoming its competition and becoming a major player on the market of innovative pet care solutions. The company is committed to developing one-of-a-kind products (http://dtn.fm/6NMdJ
) that are patented and unparalleled on the market, based on a unique design that focuses on the health and behavioral needs of pets and their owners.
Keeping in line with its dedication to product innovation, OurPet’s Company recently launched a strong showing of game-changing pet products such as the OurPets® Switchgrass Natural Cat Litter™ (http://dtn.fm/7bBA5
) – a high-end, all natural and fully biodegradable litter, and the Intelligent Pet Care™ (http://dtn.fm/En6rt
) Bluetooth® line of products, which monitor pet behavior via a smartphone app. And despite a slight decline in revenue in Q2 that followed record numbers in Q1, OurPet’s Company anticipates a solid performance and record revenue again in the second half of the year, as a direct consequence of the new product launches.
For more information, visit the company’s website at www.ourpets.com