The global PET packaging market exhibited moderate growth during 2015-2020.
Polyethylene terephthalate, or PET, is a form of polyester that can be shaped into different packaging containers, such as boxes and bottles, depending upon the user’s requirement. PET packaging is manufactured by melting pellets of PET resin and extruding the molten liquid into desirable shapes. It is thermally stable, unbreakable, durable and resistant to microorganisms, which prevents the packaged content from degradation and ensures quality maintenance. It also exhibits high dimensional stability and resistance to moisture, solvents and alcohols, along with moderate resistance to diluted alkalis and halogenated hydrocarbons. Owing to these attributes, it is widely used in the packaging of products ranging from food and beverages, personal care products to pharmaceuticals.
PET packaging market
Global PET Packaging Market Trends and Drivers: Growing consumer awareness for eco-friendly products, coupled with western influence, is the key factor driving the growth of the PET packaging market. Furthermore, there is an increase in the demand for customized and different-sized packs for brand differentiation. For instance, manufacturers use specific shapes, colors and designs for the packaging material as a branding tool for the product. Additionally, increasing preference for carbonated beverages and various ready-to-eat food products amongst the young population across the globe also acts as a growth-inducing factor. Looking forward, the global PET packaging market is expected to grow at a CAGR of around 5% during 2021-2026.
Some of the manufacturers are also rapidly adopting PET packaging owing to its low production and shipping costs, minimal solid waste and storage requirements, and ease of transportation. Increasing research and development (R&D) to produce reusable and recyclable packaging solutions, along with the technological advancements such as plasma-based coating that makes bottles more impervious, are also contributing to the global PET packaging market growth.
Key Market Segmentation: the analyst provides an analysis of the key trends in each sub-segment of the global PET packaging market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on packaging type, form, pack type, filling technology, end user and region.
Market Breakup by Packaging Type: Rigid Packaging Flexible Packaging
Market Breakup by Form: Amorphous PET Crystalline PET
Market Breakup by Pack Type: Bottles and Jars Bags and Pouches Trays Lids/Caps and Closures Others
Market Breakup by Filling Technology: Hot Fill Cold Fill Aseptic Fill Others
Market Breakup by End-User: Beverages Industry Bottled Water Carbonated Soft Drinks Milk and Dairy Products Juices Beer Others Household Goods Sector Food Industry Pharmaceutical Industry Others
Market Breakup by Region: Asia Pacific North America Europe Middle East and Africa Latin America
Historical, Current and Future Market Trends
Competitive Landscape: The global PET packaging indusrty is highly fragmented with the presence of several small and large players competing in terms of price and quality. Some of the major players in the market are:
Amcor Berry Graham Packaging Company Dunmore Corporation Huhtamaki Resilux Dupont Silgan Holdings GTX Hanex Plastic Comar Sonoco Nampak CCL Industries Smurfit Kappa Group Rexam
Key Questions Answered in This Report: How has the global PET packaging market performed so far and how will it perform in the coming years? What are the key regional markets in the global PET packaging industry? What is the breakup of the market based on the packaging type? What is the breakup of the market based on the form? What is the breakup of the market based on the pack type? What is the breakup of the market based on the filling technology? What is the breakup of the market based on the end-user? What are the various stages in the value chain of the global PET packaging industry? What are the key driving factors and challenges in the global PET packaging industry? What is the structure of the global PET Packaging industry and who are the key players? What is the degree of competition in the global PET Packaging industry? What are the profit margins in the PET packaging industry?
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