Global Polyethylene terephthalate (PET) Packaging Market , By Pack Type (Bottle & Jars, Bags & Pouches, Trays, Lids/ Caps & Closures), Form (Amorphous PET, Crystalline PET), Filling Technology (Hot Fill, Cold Fill, Aseptic Fill, Others), Packaging Type (Flexible Packaging, Rigid Packaging), End-Use Industry (Food & Beverages, Pharmaceutical, Personal Care & Cosmetic, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Polyethylene Terephthalate (PET) Packaging Market
Polyethylene terephthalate (PET) packaging market will reach at an estimated value of USD 99.44 million and grow at a rate of 5.00% for the forecast period of 2021 to 2028. The increasing demand from end-use industries is an essential factor driving the polyethylene terephthalate (PET) packaging market. .
PET (polyethylene terephthalate) is defined as a type of polyester, that can be shaped into plastic boxes and plastic jugs for packaging of refreshments and food, personal care items, and numerous other consumer products. Polyethylene terephthalate (PTE) a type of plastic resin or polyester, that is made up of a combination of two monomers such as terephthalic acid (PTA) and mono-ethylene glycol (MEG). The global plastics industry is witnessing a constant shift of production, from conventional to advanced techniques. The packaging industry is highly application driven, Industries such as pharmaceuticals, food and beverages, and consumer goods use PET packaging in many ways. Moreover, Food and beverages are the dominant industry due to increasing demand for packaged food items from all across the globe. The demand from the healthcare industry is also anticipated to propel the global PET packaging market to a greater extent, after food and beverages.
Rising foreign direct investment and rapid industrialization in developing economies is the major factor escalating the market growth, also increasing demand for packaged food items from all across the globe, increasing shift in consumer preferences towards recyclable and eco-friendly materials, rising demand from industries such as beverages, food, pharmaceuticals, personal care and cosmetics, and others, growing demand for recyclable and sustainable packaging, increasing the use of polyethylene terephthalate (PET) packaging as a replacement for metal, and glass containers and increasing demand of PET packaging from personal care and cosmetics are the major factors among others propelling the growth of polyethylene terephthalate (PET) packaging market. Moreover, rising demand for recycled PET and increasing modernization and technological advancements in the packaging industry will further create new opportunities for the polyethylene terephthalate (PET) packaging market in the in the forecast period of 2021- 2028.
However, rising fluctuation in the prices of raw material is the major factor among others restraining the market growth, and further challenge the growth of polyethylene terephthalate (PET) packaging market.
This polyethylene terephthalate (PET) packaging market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on polyethylene terephthalate (PET) packaging market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Polyethylene Terephthalate (PET) Packaging Market Scope and Market Size
Polyethylene terephthalate (PET) packaging market is segmented on the basis of pack type, form, filling technology, packaging type and end-use. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of pack type, the polyethylene terephthalate (PET) packaging market is segmented into bottle and jars, bags and pouches, trays and lids/ caps and closures.
- Based on form, the polyethylene terephthalate (PET) packaging market is segmented into amorphous PET and crystalline PET.
- Based on filling technology, the polyethylene terephthalate (PET) packaging market is segmented into hot fill, cold fill, aseptic fill and others.
- Based on packaging type, the polyethylene terephthalate (PET) packaging market is segmented into flexible packaging and rigid packaging.
- The polyethylene terephthalate (PET) packaging market is also segmented on the basis of end-use industry into food and beverages, pharmaceutical, personal care and cosmetic and others.
Polyethylene Terephthalate (PET) Packaging Market Country Level Analysis
Polyethylene terephthalate (PET) packaging market is analysed and market size, volume information is provided by country, pack type, form, filling technology, packaging type and end-use as referenced above.
The countries covered in the polyethylene terephthalate (PET) packaging market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates polyethylene terephthalate (PET) packaging market due to several factors including growing population, changing lifestyles, and rising disposable income among others and increasing presence of several emerging economies coupled with growing food, beverage, and pharmaceutical end-use industries in the region.
The country section of the polyethylene terephthalate (PET) packaging market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Polyethylene Terephthalate (PET) Packaging Market Share Analysis
Polyethylene terephthalate (PET) packaging market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to polyethylene terephthalate (PET) packaging market.
The major players covered in the polyethylene terephthalate (PET) packaging market report are Amcor Plc, Graham Packaging Company, RESILUX NV, Gerresheimer AG, GTX HANEX Plastic Sp. z o.o., Cospack America Corp, BERICAP, Berry Global Inc., Ontario Plastic Container Producers Ltd, Alpha Packaging, Alpack, Plastipak Holdings, Inc., RESILUX NV, ExoPackaging, WestRock Company, Silgan Plastics, GTX HANEX Plastic Sp. z o. o, Retal Industries LTD., ALPLA and Esterform Ltd among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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