>Global Polyethylene Terephthalate (PET) Jars Market, By Packaging (Rigid, Flexible), Form (Amorphous PET, Crystalline PET), Filling Technology (Hot Fill, Cold Fill, Aseptic Fill, Others), End- User Industry (Food and Beverage, Pharmaceuticals, Personal care and Cosmetic Industry, Industrial Goods, Household Products, Others), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2029.
Market Analysis and Insights Global Polyethylene Terephthalate (PET) Jars Market
Data Bridge Market Research analyses that the polyethylene terephthalate (PET) jars market will project a CAGR of 5.00% for the forecast period of 2022-2029.
PET stands for polyethylene terephthalate, a thermoplastic polymer resin of the polyester family that is commonly utilized in the production of plastic bottles. PET jars are more durable, transparent, lightweight, non-reactive, cost-effective, and thermally stable than PP, HDPE, and PVC bottles. Importantly, they are environmentally beneficial and may be recycled multiple times, lowering their manufacturing costs even further.
The polyethylene terephthalate (PET) jars market is primarily driven by the changing food patterns of consumers and increasing trend of westernization. Furthermore, the shifting consumer preference towards recyclable and eco-friendly materials will cushion the market’s growth rate. In addition, other factors such as increase in the growth of e-commerce sector and rising awareness about the advantages associated with polyethylene terephthalate (PET) will influence the growth of polyethylene terephthalate (PET) jars market. Another significant driver that will expand the market’s growth rate is the high demand for ready to eat food. Also, rising urbanization and upsurge in the demand for environmental packaging are the factor that will further cushion the growth rate of polyethylene terephthalate (PET) jars market. Also, changing lifestyle and high disposable income of population will increase the number of events that will further surge the demand for polyethylene terephthalate (PET) jars market. Also, technological advancement and the growing strong demand from various end-use industries such as pharmaceutical and food and beverages, among others will have a positive impact on the growth rate of polyethylene terephthalate (PET) jars market. Likewise, upsurge demand for packaged food items across the globe and swift industrialization in developing countries will propel the growth rate of polyethylene terephthalate (PET) jars market.
Moreover, the rise in number of research and development investment by government and emerging demand for recycled polyethylene terephthalate (PET) will also create the beneficial opportunities for the polyethylene terephthalate (PET) jars market growth. Additionally, strategic collaboration among major market players and new product launch are the significant factors that will drive the growth rate of polyethylene terephthalate (PET) jars market and further provide lucrative market opportunities in the future.
However, high manufacturing standards and stringent rules and regulation linked with utilization of plastics will hamper the growth rate of polyethylene terephthalate (PET) jars market. Impact of COVID-19 on supply chain will pose a major challenge on the growth of polyethylene terephthalate (PET) jars market. Also, fluctuating prices of raw materials will impede the polyethylene terephthalate (PET) jars market’s growth rate.
This polyethylene terephthalate (PET) jars 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, geographic expansions, technological innovations in the market. To gain more info on polyethylene terephthalate (PET) jars 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) Jars Market Scope and Market Size
The polyethylene terephthalate (PET) jars market is segmented on the basis of packaging, form, filling technology, and end- user industry. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- Based on packaging, the polyethylene terephthalate (PET) jars market is segmented into rigid and flexible.
- The form segment of the polyethylene terephthalate (PET) jars market is segmented into amorphous PET, and crystalline PET.
- On the basis of filling technology, the polyethylene terephthalate (PET) jars market is segmented into hot fill, cold fill, aseptic fill and others.
- The end- user industry segment of the polyethylene terephthalate (PET) jars market is segmented into food and beverage, pharmaceuticals, personal care and cosmetic industry, industrial goods, household products and others.
Polyethylene Terephthalate (PET) Jars Market Country Level Analysis
The polyethylene terephthalate (PET) jars market is analysed and market size insights and trends are provided by country, packaging, form, filling technology, and end- user industry as referenced above.
The countries covered in the polyethylene terephthalate (PET) jars 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, South Africa, Egypt, Israel, 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 region is predicted to continue a dominant position in polyethylene terephthalate (PET) jars market among other regions worldwide. This is attributable to the rising demand for food packaging from China and India. Additionally, the presence of large consumer base will further increase the demand for polyethylene terephthalate (PET) jars market in this region. North America is expected to grow during the forecast period of 2022-2029 due to the increasing demand from pharmaceutical sector and personal care products and the presence of major key players in this region.
The country section of the polyethylene terephthalate (PET) jars 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 Global Polyethylene Terephthalate (PET) Jars Market Share Analysis
The polyethylene terephthalate (PET) jars 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) jars market.
Some of the major players operating in the polyethylene terephthalate (PET) jars market are Shri Ram Group of Industries, Berlin Packaging Netherlands B.V., Amcor plc, Gerresheimer AG, Berry Global Inc., Silgan Plastics., National Bottle House., Mahalaxmi Flexible Packaging, Duropet, Trimurti Plast Containers Private Limited., sibipolymers, Adeshwar Containers, Gopinath Plast., Vah International., Kripa Plastic Industries, DuPont, Alpack Plastics, CCL Industries., Smurfit Kappa, and Huhtamaki, among others.
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