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PET Packaging Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024

PET Packaging Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024

  • August 2019
  • 106 pages
  • ID: 5808165
  • Format: PDF
  • By IMARC Group

Summary

Table of Contents

The global PET packaging market was worth US$ 63.8 Billion in 2018. 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.

Growing consumer awareness for eco-friendly products, coupled with western influence, is the key factor driving the growth of the 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. 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 market growth. Looking forward, the analyst expects the market to reach a value of US$ 84.5 Billion by 2024, registering a CAGR of 4.8% during 2019-2024.

Report Coverage:
Historical, Current and Future Market Trends

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

Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being Amcor, Berry, Graham Packaging Company, Dunmore Corporation, Huhtamäki, Resilux, Dupont, Silgan Holdings, GTX Hanex Plastic, Comar, Sonoco, Nampak, CCL Industries, Smurfit Kappa Group, Rexam, etc.

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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