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PET Packaging Market Size

PET Packaging Market Size

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PET Packaging Market Size

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  1. Summary Global PET Packaging Market Size, Share, Growth, Trends, Analysis: by Form (Amorphous PET, Crystalline PET), Pack type (Bottles & jars, Bags & pouches, Trays, Lids/Caps & closures, others), Packaging Type (Rigid, Flexible), End-use industry, and Region - Global Forecast to 2023 Polyethylene Terephthalate (PET) Packaging Market Scenario The global PET Packaging Market Size is predicted to register 5% CAGR during the forecast period (2018-2023) owing to the growing demand for packaged food items across the globe, asserts Market Research Future (MRFR). Also known as polyethylene terephthalate, PET is a type of polyester which can be shaped into plastic jugs and plastic boxes for packaging of personal care items, refreshments and food, and several other consumer products. With the growing foreign direct investment coupled with rapid industrialization in the developing economies, the global PET Packaging Market Size is considered to flourish. PET is a terephthalic corrosive and an ethylene glycol polymer. Pellets of PET pitch are warmed in order to form a fluid, which can be effortlessly be expelled into any shapes. Request Free Sample @ https://www.marketresearchfuture.com/sample_request/1779 Competitive Dashboard The prominent players operating the global PET Packaging Market Size are •Berry Plastics Group Inc. (U.S.) •Amcor Limited (Australia) •Silgan Holdings (U.S.) •Rexam PLC (U.K.) •Resilux NV (Belgium) •PET Power B.V. (The Netherlands) •Graham Packaging Company (U.S.) •Dunmore Corporation (U.S.) •CCL Industries, Inc. (Canada) •GTX Hanex Plastic Sp. Z O.O. (Poland) •E. I. Du Pont De Nemours and Company (U.S.) •Smurfit Kappa Group PLC (Ireland) •Gerresheimer AG (Germany) •Huhtamäki Oyj (Finland) •Klöckner Pentaplast GmbH & Co. Kg (Germany) Drivers and Constraints Impacting the Market

  2. The global plastics industry is experiencing a constant shift of production right from conventional to advanced techniques. The packaging industry is highly application driven, industries such as food & beverages, pharmaceuticals, and consumer goods use PET packaging in various ways. The food and beverages sector is the dominant industry owing to the increased demand for packaged food items across the world. Moreover, the demand from the healthcare industry is presumed to contribute to the global PET Packaging Market Size during the assessment period. With stringent government policies regarding food safety regulations, the global PET Packaging Market Size is likely to flourish over the forecast period. Additionally, the food & beverage sector has adopted PET packaging extensively functionalities such as prevention of food spoilage, retention of integrity of a product, enhanced product attributes such as taste, look, and aroma besides increased shelf life. Such factors are considered to propel the global PET Packaging Market Size during the appraisal period. Moreover, the growth of pharmaceutical industry has induced the demand for PET packaging. On the flip side, high fluctuations in the prices of raw material is a major concern considered to dampen the market growth across the globe. Moreover, strict mandates imposed on the use of plastic is further considered to impede the global PET Packaging Market Size during the assessment period. PET Packaging Market Size: Segmental Analysis The global PET Packaging Market Size has been segmented on the basis of packaging type, form, pack type, end-use industry, and region. By mode of form, the PET Packaging Market Size has been segmented into crystalline PET and amorphous PET. Among these, the amorphous PET segment is considered to dominate the global PET Packaging Market Size owing to its attributes such as water-resistant nature, high durability, and high adhesive strength of the amorphous PET. By mode of packaging type, the global PET Packaging Market Size has been segmented into flexible packaging and rigid packaging. Among these, the flexible packaging provides extraordinary features compared to rigid packaging. A smaller amount of packaging materials is required, less shipping cost, negligible solid waste, and requires less storage space. Moreover, such type of packaging is eco-friendly, which is likely to accelerate the product’s demand. By mode of pack type, the PET Packaging Market Size has been segmented into bags & pouches, bottles & jars, lids/caps & closures, trays, and others. Among these, the bottles & jars segment is considered to dominated and is also presumed to witness a phenomenal growth during the assessment period as they are light in weight, bendable, safe, and 100% recyclable. By mode of end-use industry, the global PET Packaging Market Size has been segmented into personal care & cosmetics, food & beverage, pharmaceuticals, household products, and

  3. others. Among these, the food & beverage segment acquires the major market share and is considered to witness the highest CAGR. The varying consumer preferences for healthy packaged food is stimulating the growth of PET Packaging Market Size in the food & beverage sector. Regional Insights Geographically, the PET Packaging Market Size span across regions namely, Europe, North America, Asia Pacific, and Rest-of-the-World (RoW). Among all the regions, Asia Pacific is considered to dominate the global PET Packaging Market Size and is considered to expand at the highest CAGR. The growth is attributed to the increasing urbanization and industrialization, high scope for foreign direct investment in major emerging nations, low labor cost, and an excellent hold on the industries like pharmaceutical & healthcare, food & beverages, and construction in this region. The European region is anticipated to expand with the highest CAGR owing to factors such as growing investment by the companies in the packaging of pharmaceutical and healthcare products. The region has also witnessed tremendous growth in the medical sector which has created lucrative opportunities for PET packaging in the healthcare sector. The North America region is anticipated to dominate the global PET Packaging Market Size owing to the growing investment in the research and development activities and product innovation. Moreover, the strict food safety policies in the countries of Canada and the U.S. further drive the demand for PET packaging in the food & beverage sector. Industry Updates December 13, 2018: Sidel Group, France has recently acquired PET Engineering Srl, Italy, which prototypes and designs PET preforms and bottles and builds PET blow molds. Table Of Content 1 Executive Summary 2 Scope Of The Report 2.1 Market Definition 2.2 Scope Of The Study 2.2.1 Definition 2.2.2 Research Objective 2.2.3 Assumptions 2.2.4 Limitations 2.3 Research Process 2.3.1 Primary Research

  4. 2.3.2 Secondary Research 2.4 Market Size Estimation 2.5 Forecast Model 3 Market Landscape 3.1 Porter’s Five Forces Analysis 3.1.1 Threat Of New Entrants 3.1.2 Bargaining Power Of Buyers 3.1.3 Bargaining Power Of Suppliers 3.1.4 Threat Of Substitutes 3.1.5 Segment Rivalry 3.2 Value Chain/Supply Chain Analysis Continues……. List Of Figures FIGURE 1 RESEARCH PROCESS OF MRFR FIGURE 2 TOP DOWN & BOTTOM UP APPROACH FIGURE 3 MARKET DYNAMICS FIGURE 4 IMPACT ANALYSIS: MARKET DRIVERS FIGURE 5 IMPACT ANALYSIS: MARKET RESTRAINTS FIGURE 6 PORTER’S FIVE FORCES ANALYSIS Continues…… Access Full Report With Complete TOC @ https://www.marketresearchfuture.com/reports/pet-packaging-market-1779 About Market Research Future At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

  5. In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members. Contact Market Research Future Office No. 528, Amanora Chambers Pune – 411028 Maharashtra, India Phone: +1646 845 9312 Email: sales@marketresearchfuture.com

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