Polyethylene Terephthalate (PET) Packaging Market 2017-2027 | Key Countries Overview With Size, Share, Trends, Segments and Competitive Landscape By CCL, Amcor, Rexam, Smurfit Kappa, Gerresheimer, KlöcknerPentaplast and Graham Packaging

Global PET Packaging Market Information Report by End-user industry (Food, Beverages, Pharmaceuticals, Cosmetics, Household goods, and others), by Product (Bags, Bottles, Closures, Trays, Cups, and others), by Type (Amorphous, and Crystalline), and by Region - Global Forecast 2027

CCL Industries, Inc. (Canada), Amcor Limited (Australia), Rexam PLC (U.K.), Smurfit Kappa Group PLC (Ireland), Gerresheimer AG (Germany), KlöcknerPentaplast GmbH & Co. KG (Germany), and Graham Packaging (U.S.) are some of the prominent players at the forefront of competition in the global PET Packaging market and are profiled in MRFR Analysis.

Get Sample Report with Complete TOC @ https://www.marketresearchfuture.com/sample_request/1230

PET Packaging Market – Market Overview

The industry is driven by key factors like rising population, increase in income levels and changing lifestyles. Growth prospects of end-user segments are leading to rise in the demand of the plastic packaging industry. Demand from rural sector for packaged products is being fuelled by the increasing media penetration through the means of internet and television. Further, India is emerging as the most favoured destination for organized retail destination in the world. And also the presence of E-commerce is expanding rapidly and is bringing around a revolution in the retail industry. Going ahead recycling & reuse of plastics will be an important step towards fostering innovation and sustainability. Also increased awareness through help of industry groups and Government could help address some of these challenges

The market for PET packaging is growing due to increasing demand in end-use industries such as food, beverage, pharmaceutical, and personal care & cosmetics. Many new trends have emerged in the market such as the availability of hot-filling products in PET bottles and aseptic cold-filling PET bottles, which increase the shelf life of the products even if they are not kept at the optimum conditions. Recycling PET for re-use after sorting, cleaning, and transforming PET containers is also becoming popular in the market.

Packaging plays a major role in attracting customers to purchase the product. The beverage industry is the largest end-user of PET packaging. Vendors are focussing on producing advanced packaging products to prevent contamination. At present, the PET packaging market is undergoing several technological innovations to eliminate the risk of harmful substances entering into these containers. The latest technology gaining preference among vendors is the plasma coating process, which includes the coating of PET containers with protective layers that make them less permeable.

Accrediting the colossal growth the PET Packaging market is witnessing currently and the potential the market is demonstrating to accrue pervasively further in the years to come; the Market Research Future has recently published a meticulous study report giving out the complete market insight up till 2023. According to which, continuing with the same trends the global PET Packaging market is projected to perceive an outstanding growth by 2023 registering a striking CAGR during the anticipated period (2017 – 2023).

PET Packaging Market – Competitive Analysis

PET Packaging Market appears to be highly fragmented and competitive owning to the presence of numerous large and small players active in regional market. The key strategies traced from the analysis of recent developments of the key players include Product Launch, Agreement & Partnership, Acquisition and expansion. Strategic partnerships between Key players support the growth and expansion plans of the key players during the forecast period. On the product and sales side, companies are investing in innovation/R&D, brand building, and fostering strong relationships with customers to support their competitive position.
Industry Overview:

Among all types of plastic resins, polyethylene terephthalate (PET) is most used across various industry verticals. Globally, in 2015, around 26.2 million tons of PET is used in packing and 20.5 million tons is used in bottles only. The latest innovations in recycling technologies have made the plastic recycling process easier and more cost effective. The technologies include reliable detectors, sophisticated decision and recognition software that collectively enhance the productivity and accuracy of automatic sorting of plastics.

According to the Environmental Protection Agency (EPA), the current PET bottle recycling rate results in an energy savings equivalent to that consumed by 165,000 U.S. households each year. If the national PET bottle recycling rate increased by just 25 percent, we would avoid the greenhouse gas emissions equivalent to 131 million gallons of gasoline.

Early Diners Are Offered Free Customization- Up to 20%
Get Attractive Discount @ https://www.marketresearchfuture.com/check-discount/1230

PET Packaging Market – Segments

For the convenience of the report and enhanced understanding; The PET Packaging Market is segmented in to 4key dynamics

Segmentation By End-user industry - Food, Beverages, Pharmaceuticals, Cosmetics, Household goods, and others

Segmentation By Product- Bags, Bottles, Closures, Trays, Cups, and others
Segmentation By Type - Amorphous, and Crystalline

Segmentation by Regions- Comprises regions - North America, Europe, APAC and Rest of the World.

PET Packaging Market – Regional Analysis

The recycling industry in Western Europe is dominated by countries such as Germany, U.K., Belgium, Sweden etc. Environmental awareness among consumers and stringent government regulations imposed are responsible for high recycling rates in the region. Various countries have implemented PET bottles returning policy including Germany, Austria, Estonia, Denmark, Netherlands, Norway, Sweden and Switzerland.

Scope of Report

The report for PET Packaging of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.

Ask for your specific company profile and country level customization on reports.

Send an Enquiry For More Information @ https://www.marketresearchfuture.com/enquiry/1230

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 Edibles.
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.

Market Research Future
Office No. 524/528
Amanora Chambers
Magarpatta Road
Hadapsar
Pune -411028
Maharashtra, India

This release was published on openPR.