Polyethylene Terephthalate (PET) Packaging Market Scenario

The global PET packaging market 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 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.

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Competitive Dashboard

The prominent players operating the global PET packaging market 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)
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)

Global PET Packaging Market: Segmental Analysis

The global PET packaging market 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 has been segmented into crystalline PET and amorphous PET. Among these, the amorphous PET segment is considered to dominate the global PET packaging market 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 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 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 has been segmented into personal care & cosmetics, food & beverage, pharmaceuticals, household products, and 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 in the food & beverage sector.

Regional Insights

Geographically, the PET packaging market 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 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 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.


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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

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……

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