PET Containers Market
In terms of revenue, the PET containers market is estimated to expand at a CAGR of 5.1% during the forecast period, owing to numerous factors, about which Fact.MR offers thorough insights in this report.
To get in-depth information view the report @https://www.factmr.com/report/1321/pet-containers-market
Over 500 billion PET bottles are used globally for packaging of different goods in the food & beverages, chemical, household, personal care and other industries. PET containers are cost-effective packaging solutions that are used for packaging of mineral water, carbonated beverages, ready-to-drink and other food applications.
On the basis of container type, market for PET containers is segmented into bottles, jars, pails, clamshells, trays and others (cans, cups, vials, etc.). On the basis of technology, the PET containers market is segmented into stretch blow molding, extrusion blow molding and thermoforming. Based on the end-use industry, the PET containers market is segmented into food, beverages, home care & personal care, healthcare & pharmaceuticals, chemical and others.]
To remain ‘ahead’ of your competitors, request for a sample @https://www.factmr.com/connectus/sample?flag=S&rep_id=1321
High Consumption of Bottled Water Driving the Growth for PET Containers Market
According to Earth Day Organization, people in the U.S. purchased nearly 1 million PET containers of all types per minute in 2016. The customers in the developed countries have become more health conscious and are switching from sugary soft drinks to the healthier and more natural drinks. The sales of PET containers in bottled water application has grown at more than 10% rate for the past few years in the developed countries. The declining profit margins of carbonated drinks sales has been compelling the beverage companies to invest more on bottled water, which is consequently driving the sales of PET containers.
Lighter PET Containers in Packaging is Trending
The effort to provide lighter packaging has been one of the initial developments in plastic bottles, enabling it to surpass the volume of glass as the packaging option for brands/consumers. Nowadays, packaging manufacturers are trying to save even more by using lightweight PET containers. The advantage of lighter PET containers packaging are numerous, such as lower raw material cost and savings on shipping which can reduce the energy costs and volumes in landfill trashes. According to the International Bottled Water Association (IBWA), the average weight of a 500 ml PET containers has dropped by 48% in the recent past.
Access Research Methodology Prepared By Experts @https://www.factmr.com/connectus/sample?flag=RM&rep_id=1321
Acceptance of Recycled PET Containers will continue to Grow
Plastics supply chain brands and packaging converters are nowadays focusing on design enhancements that will ease the collection and recycling of PET containers. According to PET Container Recycling Europe, PET containers recycling rate in Europe was nearly 56.3% in 2016 with an increase of 7.3% as compared to 2014. All the EU 28+ countries in 2016 exceeded the European Union minimum targets of 22.5% recycling.
Regulations against PET Containers Remain as a Potent Restraint for Market Growth
Plastic materials including PET containers are extremely harmful to the environment as it takes thousands of years to degrade. Recently, some of the state governments in several countries including the U.S., China and India have banned the use of PET containers and other plastic products. This has been restraining the growth of the PET containers demand.
Connect To An Expert@https://www.factmr.com/connectus/sample?flag=AE&rep_id=1321
PET Containers: Highly Fragmented Market
The PET containers market is highly fragmented, where Plastipak Holdings, the largest players account for a mere 3% share. Plastipak produces nearly 40.1 billion PET containers and preforms. The top ten players in PET containers market make up only one-third of the market, although they cater to most of the applications. Key players operating in the PET containers market include Plastipak Holdings, Inc., RETAL Industries Ltd., ALPLA Werke Alwin Lehner GmbH & Co KG, Resilux NV, Taiwan Hon Chuan Enterprises Co., Ltd., Esterform Packaging Limited, Berry Group, Inc, Indorama Ventures Public Co., Ltd, Zhongfu Enterprise Co Ltd., and Eskapet Pet Ürünleri Kimya San. ve Tic. Ltd.
US Sales Office:
11140 Rockville Pike
Rockville, MD 20852
Tel: +1 (628) 251-1583
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates
Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release PET Containers Market here
News-ID: 2264522 • Views: 461
More Releases from Fact.MR
Thrive In Food & Beverages Industry Is Expected To Boost Sales Growth Of Commerc …
A commercial mixer used as an essential piece of equipment in any restaurant, pizzeria, bakery, or other establishments that makes dough and batter, leaving the contents perfectly mixed and aerated. The busy and hectic lifestyle urges the need to have commercial mixers like equipments; owing to a commercial mixer is the flawless machine for swiftly mixing batches of batter or dough easily. To get in-depth information view the report – https://www.factmr.com/report/4901/commercial-mixers-market The
Expansion In Bakery Industry Is Expected To Triggers Market Sales Growth Of ADA …
The report analyzes incredible industry-related details that have a significant impact on growth. The report closely tracks the growth hot-spots of the global ADA Substitute market over the forecast period 2019 to 2029 The report begins with a brief presentation and overview of the ADA Substitute market, about the current market landscape, market trends, major market players, product type, application, and region. To get in-depth information view the report – https://www.factmr.com/report/4236/ada-substitute-market It
Global Aseptic Carton Bottles Market Is Projected To Generate Higher Sales Reven …
The report analyzes incredible industry-related details that have a significant impact on growth. The report closely tracks the growth hot-spots of the global Aseptic Carton Bottles market over the forecast period 2018 to 2028 The report begins with a brief presentation and overview of the Aseptic Carton Bottles market, about the current market landscape, market trends, major market players, product type, application, and region. To get in-depth information view the report
Advancement In Oil & Gas Industry is Likely To Boost Deflagration Flame Arrester …
The development in energy generation and oil & gas sectors has prompted the higher reception of equipment, for example, deflagration flame arresters, whose proposed capacity is to permit flow, however, keep the transmission of flame from either explosion or deflagration. A deflagration flame arresters are relied upon to develop as an essential gadget sooner and are required to be utilized in different applications such as pharmaceuticals, mining, and others. Distinctive
More Releases for PET
China Pet Food Market
China Pet Food Market The China Pet Food market is growing at a stronger rate due to the accelerating pet pollution, increasing pet adoption rates, and fast urbanization in China. The market is predicted to experience increased demand over the forecast period (2020-2027). Pet food is a dietary nutrient that is mainly derived from plant and animal sources and is often consumed by pets. This food product helps in the overall
Recycled PET Market Share, Recycled PET Market Size, Recycled PET Market Trends, …
Scope of the Report: This study provides an overview of the global recycled PET market, tracking one market segment across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for
Global Pet Product Market Segment by Type - Pet Food Products, Pet Drug Products …
Researchmoz added Most up-to-date research on "Global Pet Product Market Segment by Type - Pet Food Products, Pet Drug Products, Pet Health Products, Pet Feeding Products and Pet Clothing Products" to its huge collection of research reports. This report studies the global Pet Product market, analyzes and researches the Pet Product development status and forecast in United States, EU, Japan, China, India and Southeast Asia. This report focuses on the top
Pet Health Products Market
A pet or companion animal is an animal kept primarily for one's company, protection, or entertainment. Popular pets are regularly noted for their attractive appearances and their loyal or playful personalities. While dogs and cats are the most preferred pet animals, people also keep house rabbits, fancy rats, guinea pigs, parrots, chickens, and aquatic pets. The trend of pet adoption and keeping is gaining rapid traction across the globe. The
Pet Project Malaysia 2013
To be held on 23rd March, 2013 (from 9am to 6pm) at The British International School of Kuala Lumpur in association with Expatriate Lifestyle, Pet Project Malaysia is BACK and we are once again “Getting Active to Help Save Animals”. Created in 2011, this is an event to unify the community in supporting animal welfare by doing something FUN and proactive. This event is open to the public and we
Melamine in pet-food
Melamine (sometimes confused with the plant and animal compound, melanine or another compound, melanin) is an industrial chemical used in the manufacture of plastic products. Despite that, tests showed that a number of milk companies have used it in processing milk to artificially increase the apparent protein content by addition of non-protein nitrogen and so allowing illegal dilution of the product with water with a corresponding increase in sales value. The