Polyethylene Terephthalate (PET) Packaging Market 2019 Global Analysis with Focus on Opportunities, Strategy, Future Plans, Key Players and Forecast to 2023

Global Polyethylene Terephthalate (PET) Packaging Market Size, Share, Trends, Analysis: by Form (Amorphous PET, Crystalline PET), Pack type (Bottles & jars, Bags & pouches, Trays, Lids/Caps & closures, others), Packaging Type (Rigid, Flexible), End-use industry, and Region - Global Forecast to 2023

August 13, 2019 /MarketersMedia/ —

PET Packaging Market – Overview

PET (polyethylene terephthalate) packaging has gained prominence in recent years. PET packaging was initially used for packaging soft drinks, but their usage has expanded to a wide range of packaging application. Market Research Future (MRFR) has launched a comprehensive report on the global PET packaging market, which is backed by historic data as well as forecast for the period of 2018-2023. MRFR has projected a CAGR of 5% in the PET packaging market.

The PET packaging market growth is substantiated by the expansion of key end-use industries, which include food & beverages, pharmaceuticals, cosmetics, personal care, and consumer goods. PET packaging offers various advantages over other packaging solutions. They provide enhanced protection from spoilage and aid in the retention of the attributes such as taste, aroma, texture, and look. Stringent government regulations pertaining to food safety have propelled the demand for PET packaging. Additionally, the development of advanced packaging techniques is likely to augur the growth of the market. However, volatility in the price of raw materials and stringent restrictions imposed on the use of plastics are likely to restrict the growth of the market over the forecast period.

Get Free Sample Copy @ https://www.marketresearchfuture.com/sample_request/1779

Competitive Landscape

Berry Plastics Group Inc. (U.S.)
Smurfit Kappa Group PLC (Ireland)
GTX Hanex Plastic Sp. Z O.O. (Poland)
Klöckner Pentaplast GmbH & Co. Kg (Germany)
CCL Industries, Inc. (Canada)
Huhtamäki Oyj (Finland)
Rexam PLC (U.K.)
Resilux NV (Belgium)
Silgan Holdings (U.S.)
I. Du Pont De Nemours and Company (U.S.)
Dunmore Corporation (U.S.)
PET Power B.V. (The Netherlands)
Amcor Limited (Australia)
Graham Packaging Company (U.S.)
Gerresheimer AG (Germany) are the key players in the PET packaging market.

Industry Updates

July 2019 - Pretium Packaging, a leading manufacturer of plastic containers and closures, invested USD 2 Mn in new reheat stretch polyethylene terephthalate (PET) blow molding equipment and infrastructure. The equipment is capable of both cold- and hot-fill PET containers and has a capacity of producing containers ranging from 6oz to 2L and finishes from 24 to 45 mm.

July 2019 - Sidel, a company specializing in PET solutions for packaging liquids, announced the acquisition of Cognac Moules Emballages Plastiques (COMEP), a French designer and producer of molds for PET. The company intends to expand its product offerings and enlarge its set of capabilities for business advantage.

Segmentation

The global PET Packaging market has been segmented based on form, packaging type, pack type, and end-use industry.

By form, the PET packaging market has been segmented into amorphous PET and crystalline PET. Form-wise, the amorphous PET segment is likely to dominate the market over the forecast period. Amorphous PET packaging is highly durable, water-resistant, and possesses high adhesive strength due to which it experiences heightened demand.

By packaging type, the PET packaging market has been segmented into rigid packaging and flexible packaging. The flexible packaging segment is anticipated to exhibit considerable growth over the forecast period. As compared to rigid packaging, they offer several benefits. Flexible packaging requires lesser packaging material and generate negligible solid waste. Additionally, they are eco-friendly and require less storage and shipping cost.

By pack type, the PET packaging market has been segmented into bottles & jars, bags & pouches, trays, lids/caps & closures, and others. The bottles & jars segment led the market in 2016 and is likely to retain its lead over the forecast period. Bottles & jars are safe, bendable, lightweight, and recyclable due to which they are preferred over other packs. They are extensively used in the packaging of beverages and carbonated drinks.

By end-use industry, the PET packaging market is segmented into food & beverage, personal care & cosmetics, household products, pharmaceuticals, and others. The food & beverage segment dominated the market in 2016 and is anticipated to register the highest CAGR over the forecast period. Increasing consumer demand for packaged food products can be credited for the growth of the segment.

Regional Analysis

Region-wise, the PET packaging market has been segmented into North America, Europe, Rest-of-the-World (RoW), and Asia Pacific (APAC).

The global PET packaging market was led by APAC in 2016 and is estimated that APAC will register the highest CAGR over the forecast period. The economic upturn in the region has considerably increased the demand for packaged goods in the region. Moreover, due to low operating cost, the presence of supportive policies, and low labor cost, various packaging companies are setting up their facilities in the region. Expansion of end-use industries such as pharmaceutical, food & beverage, and healthcare is favoring the growth of the market.

The developed regions of North America and Europe are matured markets for PET packaging. These regions have been generating consistent demand for PET packaging due to high consumption of packaged products.

Table Of Content

1 Executive Summary

2 Scope Of The Report

2.1 Market Definition

2.2 Scope Of The Study

2.2.1 Definition

2.2.2 Research Objective

2.2.3 Assumptions

2.2.4 Limitations

2.3 Research Process

2.3.1 Primary Research

2.3.2 Secondary Research

2.4 Market Size Estimation

2.5 Forecast Model

3 Market Landscape

3.1 Porter’s Five Forces Analysis

3.1.1 Threat Of New Entrants

3.1.2 Bargaining Power Of Buyers

3.1.3 Bargaining Power Of Suppliers

3.1.4 Threat Of Substitutes

3.1.5 Segment Rivalry

3.2 Value Chain/Supply Chain Analysis

Continues……

LIST OF FIGURES

FIGURE 1 RESEARCH PROCESS OF MRFR

FIGURE 2 TOP DOWN & BOTTOM UP APPROACH

FIGURE 3 MARKET DYNAMICS

FIGURE 4 IMPACT ANALYSIS: MARKET DRIVERS

FIGURE 5 IMPACT ANALYSIS: MARKET RESTRAINTS

FIGURE 6 PORTER’S FIVE FORCES ANALYSIS

Continues……

Access Full Report With TOC @ https://www.marketresearchfuture.com/reports/pet-packaging-market-1779

About Market Research Future

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

 

Contact Info:
Name: Abhishek Sawant
Email: Send Email
Organization: Market Research Future
Website: https://www.marketresearchfuture.com/reports/pet-packaging-market-1779

Source URL: https://marketersmedia.com/polyethylene-terephthalate-pet-packaging-market-2019-global-analysis-with-focus-on-opportunities-strategy-future-plans-key-players-and-forecast-to-2023/88907705

Source: MarketersMedia

Release ID: 88907705

More News From digitalpressnetwork.com

Chicago's top cop retiring after turbulent 3-plus years

Dec 12, 2019

CHICAGO — Chicago Police Superintendent Eddie Johnson announced Thursday that he's retiring after more than three years as the city's top cop, a post he took over during one of the most violent chapters in the city's history and amid public outcry over the release of a video showing an officer shooting a black teen 16 times. During a news conference in which Johnson announced his retirement, Mayor Lori Lightfoot said he'd agreed to serve through the end of the year. A successor hasn't yet been named. "These stars can sometimes feel like you're carrying the weight of the world,"...

Streep, Miranda and Stone are named as Met Gala co-0chairs

Dec 12, 2019

NEW YORK — Next year's Met Gala may be the closest we'll ever come to getting a Miranda Priestly moment at the starry event. Meryl Streep has been named as a co-chair of the Metropolitan Museum of Art's Costume Institute. The Oscar-winner played Priestly, a thinly veiled fictional version of Vogue editor Anna Wintour, in the movie "The Devil Wears Prada." Wintour clearly has no hard feelings because she selected Streep as a co-chair along with Lin-Manuel Miranda and fellow Oscar-winner Emma Stone. Designer Nicolas Ghesquiere rounds out the group. The gala's theme is "About Time: Fashion and Duration," which...

The Latest: Malaysia to free Cambodian opposition activists

Dec 12, 2019

KUALA LUMPUR, Malaysia — The Latest on the attempted return of opposition politicians to Cambodia (all times local): 6:15 p.m. A Malaysian rights commissioner says the government will release senior Cambodian opposition official Mu Sochua and two other activists. Human Rights Commission member Jerald Joseph says authorities are preparing the papers and will allow Mu Sochua and two youth activists from her outlawed Cambodia National Rescue Party to remain in the country. He didn't give further details. Mu Sochua was detained Wednesday night and the other two on Monday. The release was surprising because Prime Minister Mahathir Mohamad earlier said...

International court sentences Congo warlord to 30 years

Dec 12, 2019

THE HAGUE, Netherlands — The International Criminal Court sentenced a Congolese warlord known as "The Terminator" to 30 years imprisonment Thursday after he was convicted of crimes including murder, rape and sexual slavery. The sentence was the highest ever passed by the global court. Bosco Ntaganda was found guilty in July of 18 counts of war crimes and crimes against humanity for his role as a military commander in atrocities in a bloody ethnic conflict in a mineral-rich region of Congo in 2002-2003. Ntaganda showed no emotion as Presiding Judge Robert Fremr passed sentences ranging from eight years to 30...

Mexico farm town prepares funerals after 9 Americans slain

Dec 12, 2019

LA MORA, Mexico — Under a strong security presence, this remote farming community prepared to hold the first funerals Thursday for some of the nine American women and children killed by drug cartel gunmen. Dozens of high-riding pickups and SUVS, many with U.S. license plates from as far away as North Dakota, bumped across dirt and rock roads over desert, arid grasslands and pine-covered mountains Wednesday as night fell on this community of about 300 people. Many of the residents are dual U.S. and Mexican citizens who consider themselves Mormon but are not affiliated with The Church of Jesus Christ...

Weather, 20 December
Houston Weather
+7

High: +11° Low: -2°

Humidity: 83%

Wind: NNE - 7 KPH

Canberra Weather
+27

High: +27° Low: +17°

Humidity: 87%

Wind: W - 20 KPH

Roissy-en-France Weather
+6

High: +6° Low: -5°

Humidity: 87%

Wind: ENE - 7 KPH

Florence Weather
+9

High: +9° Low: +6°

Humidity: 97%

Wind: ENE - 17 KPH

Parga Weather
+7

High: +16° Low: +4°

Humidity: 100%

Wind: SE - 25 KPH