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Global PET Packaging Market 2021 Production, Revenue, Price and Gross Margin Analysis with Forecasts

PET Packaging

PET Packaging Market” report provides strategic supports mentioned by the business specialists with market sources, amount of manufacturing cost structure, raw materials, forecasts, turnover, manufacturing outlays, latest market trends, labor cost, demands and much more. PET Packaging market report covers a comprehensive market structure through the globe with an in-depth study of major dynamics (Drivers, Challenges, Opportunities).  

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Key Market Trends:

Rigid Packaging Segment Expected to Register a Significant Growth

The rigid packaging segment occupied the largest share of the market due to their extensive use in bottles, jars, containers, trays, and clamp shells. With plastic bottles continuing to witness a strong growth over the forecast period, the rigid PET packaging is expected to continue to dominate the market studied, during that time.

The trend of sustainability, which includes recycling and the use of bio-degradable forms of PET, is expected to rise over the forecast period. In some regards, it will always face sustainability issues due to the nature of its production. However, it is the recycling streams and the development of these that will help neutralize such sustainability issues.

Augmenting this trend, Unilever, in January 2017, announced that it is committed to ensuring that all of its plastic packagings are fully reusable, recyclable, or compostable by 2025.The Unilever company had already committed to reducing the weight of its packaging this decade by one-third by 2020 and increase its use of recycled plastic content in its packaging to at least 25% by 2025.

However, the introduction of flexible packaging uses lesser resources and energy than rigid polymers, compared to rigid packaging, which makes it an attractive choice. This may hamper the growth of rigid packaging in certain segments.

Region to Hold Significant Share

The demand for plastic bottles and containers in the is estimated to increase at a steady rate, owing to the increasing consumption and industrial applications of plastic-made containers. According to the Plastics Industry Association (PLASTICS), the demand for plastic bottles continues to expand in the United States. Plastic bottles and jars represented, approximately, 75% of all plastic containers, by weight, in 2017.

Plastic usage continued to increase across products and sectors, including food and beverage, household, pharmaceutical, and automotive chemicals and fluids. In the United States, about 50 billion plastic water bottles were purchased in 2017, an increase from the previous year. Though recycling rate was set for 23%, only 7% of the plastic collected was recycled and used to produce new bottles. The country is also growing its patent in plastic bottles and containers. For instance, in 2018, Graham Packaging Company was granted a patent for its new innovative plastic containers.

Rising awareness and consumer preferences for eco-friendly solutions are the primary factors for the rapid adoption of PET packaging. According to the PET Resin Association, virtually, all single-serving and 2-liter bottles of sodas and water sold in the country are made from PET plastic. The environmental impact of PET is very favorable as compared to glass, aluminum, and other recyclable container materials

Market Overview:

  • The PET packaging market is expected to register a CAGR of over 5.0% during the forecast period, 2019 – 2024. Packaging is moving from rigid to flexible packaging, as there have been many exciting new product developments, which have helped to demonstrate to consumers the true potential of flexible packaging.
  • PET possesses packaging properties that make it preferable over other packaging technologies. Certain beneficial properties of PET packaging are high transparency, shiny surface, good stability, high-pressure resistance, good barrier properties, and light weight.
  • The greater transparency and the shiny surface of PET packages offer a special appearance and give it a sophisticated image. New labeling solutions with double-sided printed labels can give to the bottle an aesthetically pleasing appearance. Moreover, the flexible production process permits a nearly unlimited diversity of design. In particular, the machine and mold technology offer a universal design with minimal mold costs.
  • Further, because of the outstanding material qualities, PET-containers are virtually unbreakable. This results from no fractures while filling, transporting, and use. Even with the damage, no injuries can be caused by splinter parts. PET gives optimal protection to all consumers. Owing to these properties, PET packaging is advantageous over other packaging materials.
  • Plastics have been mass-produced since the 1940s. The lifespan of the average plastic bag, bottle, or picnic fork may be 1,000 years or more. Human use of plastic has become so commonplace that scientists have estimated that by 2050 there will be more plastic than fish in the sea. Because of these adverse environmental impacts, plastics are being banned in certain countries. For instance, has passed a new law to ensure that all plastic cups, cutleries, and plates can be composted and are made of biologically-sourced materials.
  • The new law is set to be implemented from 2020 and will be a part of ‘s Energy Transition for Green Growth Act, an ambitious plan that aims to allow to make a more effective contribution in tackling climate change. The country has already set a ban on disposable plastic bags. The restrictions on plastic products follow the global climate agreement reached in Paris in 2015, which aims to strengthen the ability of countries to deal with the impacts of climate change.
  • Moreover, the an Parliament has overwhelmingly approved a ban on single-use plastics, such as straws, plates, cutleries, and cotton-swab sticks in by 2021, joining a global shift, as environmentalists emphasize the urgency of halting the use of materials that are detrimental to the environment.

    Key Manufacturers Like 

  • 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.

    Scope of the Report:

  • PET, also known as polyethylene terephthalate, is a type of polyester. It is expelled or shaped into plastic jugs and boxes for packaging of food and refreshments, personal care items, and several other consumer products. PET is an ethylene glycol polymer and terephthalic corrosive. Pellets of PET pitch are warmed to form a fluid, which can be effortlessly expelled into any shape.

    PET Packaging market report focuses on the latest trends in the global and regional spaces on all the significant components, including the capacity, cost, price, technology, supplies, production, profit, and competition. Moreover, the old data and present development of the PET Packaging market have been given in the scope of the report. The latest trends, product portfolio, demographics, geographical segmentation, and regulatory framework of the PET Packaging market have also been involved in the study.

    Market Dynamics: –

    • Drivers: (Developing regions and growing markets)
    • Limitations: (Regional, Key Player facing Issues, Future Barriers for growth)
    • Opportunities: (Regional, Growth Rate, Competitive, Consumption)

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    Key Questions Answered in Market Report: –

    • What will the market growth rate, Overview and Analysis by Type of PET Packaging market in 2023?
    • What are the key factors driving, Analysis by Applications and Countries PET Packaging market?
    • What are Dynamics, This Overview Includes Analysis of Scope, and price analysis of top Vendors Profiles of PET Packaging ?
    • Who are Opportunities, Risk and Driving Force of PET Packaging market? Knows Upstream Raw Materials Sourcing and Downstream Buyers
    • Who are the opportunities and threats faced by the vendors in PET Packaging space? Business Overview by Type, Applications, Gross Margin and Market Share
    • What are the PET Packaging market opportunities, market risk and market overview of the Market?

    Lastly, the Global PET Packaging Market Research covers a complete market structure across the world with a comprehensive analysis of major key factors. This report provides planned orientations referred by the industry experts.

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    Study objectives of PET Packaging Market Report:

    • To provide a detailed analysis of the market structure along with the PET Packaging market forecast of various segments and sub-segments of the PET Packaging market
    • To provide insights into factors influencing and affecting market growth
    • To provide historical, current, and forecast revenue of market segments based on material, type, design, and end user
    • To provide historical, current, and forecast revenue of market segments and sub-segments with respect to regional markets and key countries
    • To provide strategic profiling of key players in the market, comprehensively analyzing their market shares, core competencies, and drawing a competitive landscape for the market
    • To provide economic factors, technology and PET Packaging market trends that influence the global PET Packaging market

    Detailed TOC of PET Packaging Market Report 2019-2024:

    1 INTRODUCTION
    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study

    2 RESEARCH METHODOLOGY

    3 EXECUTIVE SUMMARY

    4 MARKET DYNAMICS
    4.1 Market Overview
    4.2 Introduction to Market Drivers and Restraints
    4.3 Market Drivers
    4.3.1 Outstanding Properties of PET
    4.3.2 Rising Demand for Environment-friendly Packaging
    4.4 Market Restraints
    4.4.1 Regulations Aaainst the Use of Plastics In Some Regions
    4.5 Value Chain Analysis
    4.6 Industry Attractiveness Porter’s Five Forces Analysis
    4.6.1 Threat of New Entrants
    4.6.2 Bargaining Power of Buyers/Consumers
    4.6.3 Bargaining Power of Suppliers
    4.6.4 Threat of Substitute Products
    4.6.5 Intensity of Competitive Rivalry

    5 MARKET SEGMENTATION
    5.1 By Product Types
    5.1.1 Bottles and Jars
    5.1.2 Bags and Pouches
    5.1.3 Trays
    5.1.4 Lids/Caps and Closures
    5.1.5 Other Product Types
    5.2 By Packaging
    5.2.1 Rigid
    5.2.2 Flexible
    5.3 By End-user Industry
    5.3.1 Food & Beverage
    5.3.2 Pharmaceuticals
    5.3.3 Personal care and cosmetic industry
    5.3.4 Industrial goods
    5.3.5 Household Products
    5.3.6 Other End-user industries
    5.4 Geography
    5.4.1 North America
    5.4.1.1 United States
    5.4.1.2 Canada
    5.4.2
    5.4.2.1 Germany
    5.4.2.2 United Kingdom
    5.4.2.3
    5.4.2.4 Italy
    5.4.2.5 Spain
    5.4.2.6 Rest of
    5.4.3 Asia-Pacific
    5.4.3.1 China
    5.4.3.2 Japan
    5.4.3.3 India
    5.4.3.4 South Korea
    5.4.3.5 Rest of Asia-Pacific
    5.4.4 Latin America
    5.4.4.1 Brazil
    5.4.4.2 Argentina
    5.4.4.3 Rest of Latin America
    5.4.5 Middle East & Africa
    5.4.5.1 United Arab Emirates
    5.4.5.2 Saudi Arabia
    5.4.5.3 South Africa
    5.4.5.4 Rest of Middle East & Africa

    6 COMPETITIVE LANDSCAPE
    6.1 Company Profiles
    6.1.1 Amcor Ltd.
    6.1.2 Resilux NV
    6.1.3 Gerresheimer AG
    6.1.4 Berry Global Group Inc.
    6.1.5 Silgan Holdings Inc.
    6.1.6 Graham Packaging Company
    6.1.7 GTX Hanex Plastic Sp. z o.o.
    6.1.8 Dunmore Corporation
    6.1.9 Comar LLC
    6.1.10 Sonoco Products Company
    6.1.11 Huhtamaki OYJ
    6.1.12 Nampak Limited

    7 INVESTMENT ANALYSIS

    8 MARKET OPPORTUNITIES AND FUTURE TRENDS

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