PET Packaging Market
Description
PET Packaging Market, By Product Type (Bottles and Jars, Bags and Pouches, Trays, Lids/Caps and Closures, Other Product Types), By Packaging (Rigid, Flexible), By End-User Industry (Oil and Gas, Food and Beverage, Pharmaceuticals, Personal care and cosmetic industry, Industrial goods, Household Products, Other End-user industries), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)
PET packaging is used to package beverages such as juice, milk, and dairy products and is used in the packaging of consumer products. In addition to beverage packaging, PET is used to package food, cosmetics, pharmaceuticals, and household cleaning detergents.Market Dynamics
Growth in the PET packaging market is expected to be driven by increasing consumer awareness regarding environmentally friendly products. Western influence is also driving the demand for customized packs in a variety of sizes. In addition, manufacturers are using packaging as a marketing tool to promote their products and brands. Moreover, the young population is more likely to consume ready-to-eat foods and carbonated beverages.
Growing demand for environmental friendly packaging solution is again augmenting growth of the market. According to Bleher Folientechnik, PET leads to a 60% energy savings compared to the energy requirements for producing new plastics. Moreover, it is recycle-friendly as its polymer chains break down at a low temperature, creating minimal polymer chain degradation during the recycling process. According to the Food Packaging Forum Foundation, 822,363 ton of PET bottles is collected in the United States for recycling annually.
On the contrary, strict regulations regarding the usage of plastic in some regions are projected to hinder market growth.
Key features of the study:
- This report provides in-depth analysis of the global PET packaging market, and provides market size (US$ Million) and compound annual growth rate (CAGR%) for the forecast period (2023–2030), considering 2022 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global PET packaging market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
- Key companies covered as a part of this study include Amcor Ltd, Resilux NV, Gerresheimer AG, Berry Global Group Inc., Silgan Holdings Inc., Graham Packaging Company, GTX Hanex Plastic Sp. z o.o., Dunmore Corporation, Comar LLC, Sonoco Products Company, Huhtamaki OYJ, and Nampak Limited
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- The global PET packaging market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analysing the global PET packaging market
- By Product Type:
- Bottles and Jars
- Bags and Pouches
- Trays Lids And Cap
- Closures
- Others
- By Packaging:
- Rigid
- Flexible
- By End-User Industry:
- Oil and Gas
- Food and Beverage
- Pharmaceuticals
- Personal Care and Cosmetic Industry
- Industrial Goods
- Household Products
- Other
- By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East
- Africa
- Company Profiles
- Amcor Ltd
- Resilux NV
- Gerresheimer AG
- Berry Global Group Inc.
- Silgan Holdings Inc.
- Graham Packaging Company
- GTX Hanex Plastic Sp. z o.o.
- Dunmore Corporation
- Comar LLC
- Sonoco Products Company
- Huhtamaki OYJ
- Nampak Limited
Table of Contents
170 Pages
Pricing
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