The Global PET Packaging Market Is Estimated Reach A Valuation Of US$ 77.2 Billion In 2022. With Sales Growing At A 4.9% CAGR, The Market Size Is Projected To Top US$ 124.1 Billion By 2032. Global PET Packaging Market Reports give a Key study on the industry status of the PET Packaging Industry Manufacturer with the specific statistics, meaning, definition, SWOT Analysis, expert opinion, and recent development across the globe. The research report also covers the Market Size, Price, Sales, Revenue, Market share, Gross Margin, growth rate, and cost structure. The report aims to give an additional sample of the latest scenario, economic slowdown, and Covid-19 impact on overall Industry.
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PET/PETE, also called polyethylene terephthalate, is a chemical compound that is used as a recycled plastic in many industries, such as food and drink (especially canned foods, fruit juice, etc.), healthcare, consumer goods, cosmetics, electronics, pharmaceuticals, filmmaking, etc. It’s great for the environment and doesn’t hurt its health in the long run. Thermoforming, gift packs for household toys, and other things are also done with PET packaging. The main parts of the compound are ethylene glycol and terephthalic acid. They are made by heating ethylene glycol and terephthalic acid strands and mixing them together. Then, the strands are cooled to make pellets.
The pellets are then sent to different factories where they are heated and shaped into the right shape and size. PET bottles are much better for the environment than other kinds of plastic bottles. PET products are good because they can be recycled, are strong, don’t break easily, and don’t let microorganisms grow on them. Habits of Waste.org says that about 481.61 billion PET bottles are used every year around the world. That’s almost $40,1 billion every month. In the United States, the PET Resin Association (PETRA) says that more than 1.5 billion pounds of PET plastic bottles and containers are recycled every year. Because of this, the market for PET packaging will grow in the coming years as demand for PET grows in the healthcare and consumer markets.
Competitive Landscape and Global Market Share Analysis:
Berry Global (U.S.), Amcor (Australia), Sonoco Products Company (U.S.), Huhtamaki (Finland), Gerresheimer (Germany), Klöckner Pentaplast (U.S.), Schur Flexibles Group (Austria), Clondalkin Flexible Packaging (Amsterdam), Constantia Flexibles (Austria), Novolex Holdings, Inc. (U.S.), Dunmore (U.S.), Printex Transparent Packaging (U.S.), MD Group (U.K.), PDG PLASTIQUES (France), Others
Market Segmentation:
By Packaging Type:
- Rigid
- Flexible
- Others
By Filling Technology:
- Cold Fill
- Hot Fill
- Aseptic Fill
- Others
By Pack Type:
- Bottles
- Bags and Pouches
- Lids / Caps and Closures
- Trays
- Others
By End-user industry:
- Food, & Beverage
- Consumer Goods
- Pharmaceutical
- Others
The report on the PET Packaging market covers the following region (country) analysis:
- North America (U.S., Canada)
- Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
- Asia-Pacific (China, India, Japan, Australia, Southeast Asia, Rest of Asia Pacific)
- South America (Mexico, Brazil, Argentina, Columbia, Rest of South America)
- Middle East & Africa (GCC, Egypt, Nigeria, South Africa, Rest of Middle East and Africa)
Regional Insights:
The market analysis has been done for North America, Europe, Asia-Pacific, Latin America, the Middle East, and Africa. North America is likely to have the biggest share of the global PET packaging market in the next few years. In North America, the number of plastic packages is likely to go up in the U.S. Plastics Industry Association (PLASTICS) says that in 2020, the plastics industry in the U.S. was still one of the biggest parts of the economy and was still growing. In 2019, plastic products were the eighth most important part of the plastics industry in the United States. By 2020, the U.S. plastics industry will have shipped goods worth USD 394.7 billion.
Also, the use of recyclable plastic packaging like PET is making sales go up because the plastics industry is growing. In Europe, the demand for single-serve and small-sized PET packaging has gone up because ready-to-eat foods are becoming more and more popular. According to PLASTICS EUROPE, the European plastics industry made USD 335 billion in 2020, which was a small drop from the year before. Most of the industries that bought plastics were affected by the COVID-19 crisis. In 2021, companies that make plastic planned to spend a lot of money on chemical recycling technologies. The Asia-Pacific region has a big share of the PET packaging market. Plastic Packaging in Southeast Asia and China says that every year in China, 5,474,000 tonnes of PET bottles are used to package household items. Latin America is drinking more drinks, which means more PET packaging is needed. In 2020, people in Mexico bought 9,959 million gallons of water in bottles.
Following are the major TOC of the PET Packaging Market:
Chapter 1: PET Packaging Market Overview
Chapter 2: Global Economic Impact on Industry
Chapter 3: Global PET Packaging Market Competition by Manufacturers
Chapter 4: Global Production, Profits (Value) by Region
Chapter 5: Global Supply (Production), Import, Export, Consumption, by Regions
Chapter 6: Global Price Trend by Type, Revenue (Value), Production
Chapter 7: Manufacturing Cost Analysis
Chapter 8: Global Market Analysis by Application
Chapter 9: Industrial Chain and Downstream Buyers, Sourcing Strategy
Chapter 10: Marketing Strategy Analysis, Distributors/Traders
Chapter 11: Market Effect Factors Analysis
Chapter 12: Global PET Packaging Market Forecast
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Key Reasons to Purchase PET Packaging Market report:
The report provides a thorough examination of the manufacturing methods, as well as ideas to reduce development risk, major market growth challenges and strategic inputs to overcome the market threats.
In-depth market analysis and an overview of the global PET Packaging Market trend and commercial landscape are included in the report. In addition, the report discusses the effect of COVID-19 on the market.
Reader can acquire a better interpretation of the PET Packaging Market forecast’s future view and opportunities from the report.
The report contains an analysis of recent developments as well as profiles of important market leaders and key players.
To gain an understanding of the market strategies by the leading market players in the PET Packaging
The report analyses the most important driving and restraining factors in the industry, as well as their impact on global market growth.
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