PET packaging is used to package beverages such as juice, milk, and dairy products, and is used in the packaging of consumer products. In addition to beverage packaging, PET is used to package food, cosmetics, pharmaceuticals, and household cleaning detergents.
Market Dynamics:
Growth in the PET packaging market is expected to be driven by increasing consumer awareness regarding environmentally-friendly products. Western influence is also driving the demand for customized packs in a variety of sizes. In addition, manufacturers are using packaging as a marketing tool to promote their products and brands. Moreover, the young population is prone to consume ready-to-eat foods and carbonated beverages.
On contrary, strict regulations regarding the usage of plastic in some regions is projected to hinder the market growth.
Key features of the study:
- This report provides in-depth analysis of the global PET packaging market, and provides market size (US$ Million) and compound annual growth rate (CAGR%) for the forecast period (2022–2030), considering 2021 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global PET packaging market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
- Key companies covered as a part of this study include Amcor Ltd, Resilux NV, Gerresheimer AG, Berry Global Group Inc., Silgan Holdings Inc., Graham Packaging Company, GTX Hanex Plastic Sp. z o.o., Dunmore Corporation, Comar LLC, Sonoco Products Company, Huhtamaki OYJ, and Nampak Limited
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- The global PET packaging market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global PET packaging market
Detailed Segmentation:
- Global PET Packaging Market, By Product Type:
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- Bottles and Jars
- Bags and Pouches
- Trays
- Lids/Caps and Closures
- Other Product Types
- Global PET Packaging Market, By Packaging:
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- Global PET Packaging Market, By End-User Industry:
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- Oil and Gas
- Food and Beverage
- Pharmaceuticals
- Personal care and cosmetic industry
- Industrial goods
- Household Products
- Other End-user industries
- Global PET Packaging Market, By Geography:
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- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East & Africa
- Company Profiles:
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- Amcor Ltd
- Resilux NV
- Gerresheimer AG
- Berry Global Group Inc.
- Silgan Holdings Inc.
- Graham Packaging Company
- GTX Hanex Plastic Sp. z o.o.
- Dunmore Corporation
- Comar LLC
- Sonoco Products Company
- Huhtamaki OYJ
- Nampak Limited
