PET Packaging Market 2021: Global Analysis of Key Manufacturers, Dynamics & Forecast 2026

The PET Packaging Market report offers an in-depth assessment of market dynamics, the competitive landscape, segments, and regions in order to help readers to become familiar with the PET Packaging market. It particularly sheds light on market fluctuations, pricing structure, uncertainties, potential risks, and growth prospects to help players to plan effective strategies for gaining successful in the PET Packaging market. Importantly, it allows players to gain deep insights into the business development and market growth of leading companies operating in the PET Packaging market.

The PET Packaging market was valued at USD 49.8 billion in 2019 and is expected to reach USD 66.42 billion by 2025, at a CAGR of 5% over the forecast period 2020 - 2025.

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Top Leading Companies of PET Packaging Market are - 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 and others.

Industry News and Updates:

In November 2017, Comar LLC announced the acquisition of Shore Plastic Technologies Inc. This acquisition is the latest in the series of recent investments by the company to improve the design and engineering capabilities, and to better serve customers in medical devices, pharmaceutical, diagnostic, and CPG market segments. Returnable transport packaging technologies to strengthen their product capabilities.

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.

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.

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.

Investigator Observers Strong Growth in Specific Regions:

– Europe Market (Germany, UK, France, Russia, Italy)

– Center East and Africa Market (Saudi Arabia, UAE, Egypt, Nigeria, South Africa)

– South America Market (Brazil, Argentina, Colombia)

– North America Market (United States, Canada, Mexico)

– Asia Pacific Market (China, Japan, Korea, India, Southeast Asia).

The Latest Industry Data Included in this Report:
- PET Packaging Market Size & Analysis (2016 - 2026)
- Market Share Analysis of PET Packaging Market (%),2016 - 2026
- PET Packaging Market Share, By Brand
- PET Packaging Market Share, By Company
- PET Packaging Market Assessment & Opportunity (Value),2016 - 2026
- Major Companies PET Packaging Market Value Analysis & Forecast
- Promising PET Packaging Development by Major Companies
- Detailed PET Packaging Portfolio of the Major Companies
- Major Deals in the PET Packaging Market
- Major Companies Analysis

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- Country Level analysis for any 5 countries of your choice.

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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

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