PET Packaging Market 2021

Industry Size, Regions, Emerging Trends, Growth Insights, Development Scenario, Opportunities, and Forecast By 2027

PET Packaging Market Analysis, Trends, Size, and Forecast. PET Packaging Market Industry Overview, Market Growth, Market Share, Syndicate Report, and Business Research Reports – US and UK

Region: Global | Format: Word, PPT, Excel | Report Status: Ongoing

Global PET Packaging Market: by Product (Amorphous PET and Crystalline PET), by Packaging Type (Rigid Packaging and Flexible Packaging), by Pack Type (Bottles & Jars, Bags & Pouches, Trays, Lids/Caps & Closures, and Others), by End-Use Industry (Food & Beverages, Household Products, Personal Care Products, Pharmaceuticals, and Others), and by Region – Global Industry Sizing, Growth, Trend, Opportunity, and Forecast (2021–2027)

The PET packaging market report covers a thorough analysis of the market dynamics, business models, segmental/regional analysis, and respective market shares and strategies adopted by the key market players operating globally. It entails an in-depth analysis of the factors influencing the global market and market statistics indicating region-wise and segment-wise market share/growth analysis. The report's study will outlook one of the most exhaustive analyses of the market, capturing all the aspects of the personal care packaging industry.

PET Packaging Industry Outlook

The global PET packaging market size was valued at 60.4 billion in 2020, which is expected to reach USD 85.6 billion by 2027, registering a CAGR of 4.8% during the forecast period (2021-2027). Polyethylene terephthalate (PET) is a type of polyester expelled into plastic boxes and jugs, which is later used in the packaging of food and refreshments, personal care items, and other consumer products. PET material possesses various packaging properties, making it more suitable than other conventional packaging solutions, such as high transparency, shiny surface, good stability, lightweight, high-pressure resistance, and good barrier properties.

Factors Affecting the PET Packaging Market Over the Forecast Period:

Significant growth can be projected in the PET packaging market landscape with the adoption of lightweight packaging solutions.

Decreasing production and transportation costs are some prime goals focused by the manufacturer of the goods for exploring lightweight plastic packaging, which is leading to the growth of the PET packaging market across the globe.

The demand for PET packaging has a positive impact with the growing popularity of lightweight packaging materials.

Fluctuations in the raw material prices and lack of efficient recycling facilities are certain factors hampering the growth of the PET packaging market across the globe.

Impact of COVID-19 on PET Packaging Market:

With the outbreak of the COVID-19 pandemic, the demand for the PET packaging market has increased significantly with the rise in the delivery of goods at the doorstep. PET packaging has been regarded to keep the product safe from damages and getting contaminated. Moreover, the PET packaging market manufacturers have increased their production due to the increase in demand and supply of PET packaging products. Therefore, considerable growth in the PET packaging market value can be projected in 2020.

Scope of the Report

The report outlines the global PET packaging market study based on the product, pack type, packaging type, and end-use industry.

Based on product, the PET packaging market is segmented into –

  • Amorphous PET
  • Crystalline PET

Based on pack type, the PET packaging market is segmented into-

  • Bottles & jars
  • Bags & pouches
  • Trays
  • Lids/Caps & closures
  • Others

Based on packaging type, the PET packaging market is segmented into-

  • Rigid
  • Flexible

Based on end-use industry, the PET packaging market is segmented into-

  • Food & Beverages
  • Household Products
  • Personal Care Products
  • Pharmaceuticals
  • Others

PET Packaging Market: Regional Outlook

The PET packaging market has been segmented into five geographical regions: North America, Asia Pacific, South America, Europe, the Middle East, and Africa. In 2020, North America held the largest share in the global PET packaging market, followed by Europe and the Asia Pacific. North America is further estimated to dominate the PET packaging market during the forecast period. Moreover, Asia Pacific is expected to project the highest CAGR in the global market over the forecast period.

Key Global PET Packaging Market Competitors Includes –

The PET packaging market is highly fragmented, with a large number of small players across the globe. The key PET packaging market players operating in the global market include –

  • Alpha Group
  • Amcor plc
  • Berry Global Inc.
  • CKS Packaging
  • Comar LLC
  • Gerresheimer AG,
  • Graham Packaging Company
  • GTX HANEX Plastic Sp. z o. o.
  • Nampak Limited
  • PET Power
  • Plastipak
  • RESILUX NV
  • Silgan
  • Sonoco Products Company
  • Tetra Laval.

The PET packaging market report provides a thorough analysis of macro-economic factors and every segment's market attractiveness. The report will include an in-depth qualitative and quantitative assessment of the segmental/regional outlook with the market players' presence in the respective segment and region/country. The information concluded in the report includes the inputs.

PET Packaging Market Report Covers Comprehensive Analysis On:

  • Market Segmentation & Regional Analysis
  • Market Size of 10 years
  • Pricing Analysis
  • Supply & Demand Analysis
  • Product Life Cycle Analysis
  • Porter's Five Forces & Value Chain Analysis
  • Developed & Emerging Economies Analysis
  • PEST Analysis
  • Market and Forecast Factor Analysis
  • Market Opportunities, Risks, & Trends
  • Conclusion & Recommendation
  • Regulatory Landscape
  • Patent Analysis
  • Competition Landscape
  • 15+ Company Profiles

PET Packaging Market Regional Analysis Includes:

  • North America (US, Canada, Mexico)
  • South America (Brazil, Argentina, Colombia, Peru, Rest of Latin America)
  • Europe (Germany, Italy, France, UK, Spain, Poland, Russia, Slovenia, Slovakia, Hungary, Czech Republic, Belgium, the Netherlands, Norway, Sweden, Denmark, Rest of Europe)
  • Asia Pacific (China, Japan, India, South Korea, Indonesia, Malaysia, Thailand, Vietnam, Myanmar, Cambodia, the Philippines, Singapore, Australia & New Zealand, Rest of Asia Pacific)
  • The Middle East & Africa (Saudi Arabia, UAE, South Africa, Northern Africa, Rest of MEA

PET Packaging Market: Target Audience

  • Package manufacturers
  • Healthcare & pharmaceutical institutes
  • Retail shops & outlets
  • Manufacturing organizations
  • Beverage manufacturers
  • Packaging organizations

Key Issues Addressed

  • What is the market size by various segmentation of the PET packaging by region and its respective countries?
  • What are the customer buying behavior, key takeaways, and Porter's 5 forces of the PET packaging market?
  • What are the key opportunities and trends for manufacturers involved in the PET packaging supply chain?
  • What are the fundamental dynamics (drivers, restraints, opportunities, and challenges) of the market?
  • What and how regulations, schemes, patents, and policies are impacting the growth of the market?
  • What are the upcoming technological solutions influencing market trends? How will existing companies adapt to the new change in technology?
  • What will be the impact of cutting-edge technology on the PET packaging market?
  • How has COVID-19 impacted the demand and sales of PET packaging in the global market? Also, the expected BPS drop or rise count of the market and market expected recovery period.
  • Detailed analysis of the competitors and their latest launch, and what are the prominent startups introduced in the target market? Also, detailed company profiling of 25+ leading and prominent companies in the market.
What will be the size of the global PET packaging market, during the forecast period 2021-2027? The global PET packaging market size was valued at 60.4 billion in 2020, which is expected to reach USD 85.6 billion by 2027, during the forecast period (2021-2027). What is the growth rate of PET packaging? The global PET packaging market is expected to register a CAGR of 4.8% during the forecast period (2021-2027). Based on the end-use, which will be the highest growing segment in the PET packaging market? Based on the end-use, Food and beverages is the highest growing segment during the forecast period. Which region accounted for the largest PET packaging market share? In 2020, North America held the largest share in the global PET packaging market, followed by Europe and the Asia Pacific. Who are the key players of PET packaging market? The leading manufacturers of PET packaging in the global market include Alpha Group, Amcor plc, Berry Global Inc., CKS Packaging, Comar LLC, Gerresheimer AG,, Graham Packaging Company, GTX HANEX Plastic Sp. z o. o., Nampak Limited, PET Power, Plastipak, RESILUX NV, Silgan, Sonoco Products Company, Tetra Laval. What are the factors that is driving the market of pet packaging? The rising adoption and growing need for lightweight PET packaging and stringent government norms for the packaging solutions in the developed regions are driving the PET packaging market growth.

Frequently Asked Questions

  • Key Issues Addressed
  • What is the market size and growth rate for different segmentations at a global, regional, & country level?
  • What is the customer buying behavior, key takeaways, and Porter's 5 forces of the market?
  • What are the key opportunities and trends for manufacturers involved in the supply chain?
  • What are the fundamental dynamics (drivers, restraints, opportunities, and challenges) of the market?
  • What and how regulations, schemes, patents, and policies are impacting the growth of the market?
  • How will existing companies adapt to the new change in technology?
  • The market player positioning, top winning strategies by years, company product developments, and launches will be?
  • How has COVID-19 impacted the demand and sales of in the market? Also, the expected BPS drop or rise count of the market and market predicted recovery period.
  • Who are the leading companies operating in the market? Also, who are the prominent startups that disrupt the market in coming years?
  • PUBLISHED ON: MARCH, 2024
  • BASE YEAR: 2023
  • FORECAST PERIOD: 2024-2033
  • STUDY PERIOD: 2019 - 2033
  • COMPANIES COVERED: 15
  • COUNTRIES COVERED: 24
  • NO OF PAGES: 162

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