Press release
PET Packaging Market 2021 Global Growth Opportunities, Key Driving Factors, Market Scenario and Forecast to 2026
The Global “PET Packaging Market” research includes market forecast information such as market revenue, manufacturer size, production and consumption ratios, as well as a CAGR value. The research discusses the most important market influencing variables, such as market growth, development status, and other industry-specific challenges. The PET Packaging market covers entire study patterns of the future market, as well as major driving elements. It also includes a detailed study of the top major players, as well as sector analyses.In accordance with the PET Packaging market is set to grow at a CAGR of 5% over the forecast period (2021-2026).
The Global PET Packaging market provides company profiles for main key players, as well as advancement trends, competitive landscape breakdowns, and important regional development status.
Major Players of the PET Packaging Market:
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
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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.
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Furthermore, the impact of COVID-19 is a worry. Since its breakout in December 2019, the COVID-19 virus has spread to over 100 nations, causing massive deaths and economic losses.
United States Region to Hold Significant Share
The demand for plastic bottles and containers in the United States 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.
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Some Major Points from Table of Contents:
Chapter 1. Research Methodology & Data Sources
Chapter 2. Executive Summary
Chapter 3. PET Packaging Market: Industry Analysis
Chapter 4. PET Packaging Market: Product Insights
Chapter 5. PET Packaging Market: Application Insights
Chapter 6. PET Packaging Market: Regional Insights
Chapter 7. PET Packaging Market: Competitive Landscape
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