NEWS:Global PET Packaging Market is projected to reach a value of over USD 94.8 billion by 2027
PET Packaging Market: Summary
The Global PET Packaging Market is projected to reach a value of over USD 94.8 billion by 2027 at a CAGR of around 4.3%.
Polyethylene terephthalate (PET or PETE) is a general-purpose thermoplastic polymer which belongs to the polyester family of polymers. Polyester resins are known for their excellent combination of properties such as mechanical, thermal, chemical resistance, and dimensional stability. Moreover, PET is one of the most recycled thermoplastics, recycled PET can be converted to fibres, fabrics, sheets for packaging and manufacturing automotive parts. Due to these properties, it is widely used in packaging application.
PET Packaging Market: Drivers & Challenges
Market Driver:
- Increasing Demand from Food & Beverages Industry
To maintain the quality and increase the quality of the food and to deal with external environment conditions, PET packaging has been widely used due to superior characteristics including resistance of chemical, acid, and oil. Furthermore, the hot-sealable property of PET helps to manufacture the seal-tight lids and caps. It also plays a crucial role in transportation and logistics because of the lightweight. Thus, the varying consumer preferences for healthy packaged food is boosting the growth of the PET packaging market in the food & beverage industry.
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Market Restraint:
- Fluctuating Cost of the Raw Materials
Several materials such as monoethylene glycol (MEG) and purified terephthalic acid (PTA) or dimethyl terephthalate (DMT) are used for the manufacturing of PET. Volatility in the prices of these materials is a major factor likely to hamper the market growth during the forecasted period. The fluctuating price of petroleum product due to supply and demand gap, natural disasters, production cost along with storage capacity.
PET Packaging Market: Key Segments
- Segmentation based on the form: Amorphous PET and Crystalline PET
- Segmentation based on packaging type: Rigid Packaging and Flexible Packaging
- Segmentation based on pack type: Bottles & Jars, Bags & Pouches, Trays, Lids/Caps, Closures, and Others
- Segmentation based on end-users: Food & Beverages, Personal Care & Cosmetics, Household Products, and Others
- Segmentation based on region covers: North America, Asia-Pacific, Europe, Middle East & Africa and South America, with individual country-level analysis.
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PET Packaging Market: Report Scope
The report on the PET Packaging market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country-wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.
Report Features
Specifics
Historical/Estimated/Forecasted Market Size Years
2019–2027
Base Year for Market Calculation
2020
Forecasted Period
2021–2027 (2021 estimated year, forecasted up to 2027)
Measured Units
Value (USD Billion)
Segments Included
Form, Material, Packaging Type, Pack Type, End-users, and Region
Regional Coverage
North America, Asia-Pacific, Europe, Middle East & Africa, South Africa
Key Companies Covered
- DuPont (Company Description, Company Overview, Product Synopsis, Key Developments, SWOT Analysis)
- CCL Industries.
- Amcor Plc
- RESILUX NV
- Smurfit Kappa
- BALL CORPORATION
- Silgan Plastics
- Gerresheimer AG
- Graham Packaging Company.
- Klöckner Pentaplast
- VPet
- Berry Global Inc.
- GTX HANEX Plastic Sp. z o.o.
- DUNMORE
- Huhtamaki
- Other Key Companies
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PET Packaging Market: Report Segmentation
For the scope of the report, In-depth segmentation is offered by Forencis Research
PET Packaging Market, by Form
- Amorphous PET
- Crystalline PET
PET Packaging Market, by Packaging Type
- Rigid Packaging
- Flexible Packaging
PET Packaging Market, by Pack Type
- Bottles & Jars
- Bags & Pouches
- Trays
- Lids/Caps & Closures
- Others
PET Packaging Market, by End User
- Personal Care & Cosmetics
- Household Products
- Others
PET Packaging Market, by Region
- North America
- US
- Canada
- Mexico
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Europe
- Germany
- UK
- France
- Italy
- Rest of Europe
- Middle East & Africa
- Saudi Arabia
- UAE
- Rest of Middle East & Africa
- South America
- Brazil
- Argentina
- Rest of South America
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Table of Content
1 Introduction
2 Research Design & Scope
3 Executive Summary
4 Market Dynamics
5 Industry Trends — Porters Five Forces Analysis
6 GLOBAL PET PACKAGING MARKET BY FORM, Market Size in USD Billion (2019–2027)
7 GLOBAL PET PACKAGING MARKET BY PACKAGING TYPE, Market Size in USD Billion (2019–2027)
8 GLOBAL PET PACKAGING MARKET BY PACK TYPE, Market Size in USD Billion (2019–2027)
9 GLOBAL PET PACKAGING MARKET BY END-USER, Market Size in USD Billion (2019–2027)
10 Competitive Landscape
11 Company Profiles
12 Appendix
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