PET Packaging Market size is expected to reach USD 85.6 billion by 2027

Global PET Packaging Market: by Product (Amorphous PET and Crystalline PET), by Packaging Type (Rigid Packaging and Flexible Packaging), by Pack Type (Bottles & Jars, Bags & Pouches, Trays, Lids/Caps & Closures, and Others), by End-Use Industry (Food & Beverages, Household Products, Personal Care Products, Pharmaceuticals, and Others), and by Region - Global Industry Sizing, Growth, Trend, Opportunity, and Forecast (2021-2027)

The PET packaging market report covers a thorough analysis of the market dynamics, business models, segmental/regional analysis, and respective market shares and strategies adopted by the key market players operating globally. It entails an in-depth analysis of the factors influencing the global market and market statistics indicating region-wise and segment-wise market share/growth analysis. The report's study will outlook one of the most exhaustive analyses of the market, capturing all the aspects of the personal care packaging industry.

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PET Packaging Industry Outlook
The global PET packaging market size was valued at 60.4 billion in 2020, which is expected to reach USD 85.6 billion by 2027, registering a CAGR of 4.8% during the forecast period (2021-2027). Polyethylene terephthalate (PET) is a type of polyester expelled into plastic boxes and jugs, which is later used in the packaging of food and refreshments, personal care items, and other consumer products. PET material possesses various packaging properties, making it more suitable than other conventional packaging solutions, such as high transparency, shiny surface, good stability, lightweight, high-pressure resistance, and good barrier properties.

Factors Affecting the PET Packaging Market Over the Forecast Period:
Significant growth can be projected in the PET packaging market landscape with the adoption of lightweight packaging solutions.

Decreasing production and transportation costs are some prime goals focused by the manufacturer of the goods for exploring lightweight plastic packaging, which is leading to the growth of the PET packaging market across the globe.

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The demand for PET packaging has a positive impact with the growing popularity of lightweight packaging materials.

Fluctuations in the raw material prices and lack of efficient recycling facilities are certain factors hampering the growth of the PET packaging market across the globe.

Impact of COVID-19 on PET Packaging Market:
With the outbreak of the COVID-19 pandemic, the demand for the PET packaging market has increased significantly with the rise in the delivery of goods at the doorstep. PET packaging has been regarded to keep the product safe from damages and getting contaminated. Moreover, the PET packaging market manufacturers have increased their production due to the increase in demand and supply of PET packaging products. Therefore, considerable growth in the PET packaging market value can be projected in 2020.

Scope of the Report
The report outlines the global PET packaging market study based on the product, pack type, packaging type, and end-use industry.

Based on product, the PET packaging market is segmented into -

Amorphous PET
Crystalline PET
Based on pack type, the PET packaging market is segmented into-

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Bottles & jars
Bags & pouches
Trays
Lids/Caps & closures
Others
Based on packaging type, the PET packaging market is segmented into-

Rigid
Flexible
Based on end-use industry, the PET packaging market is segmented into-

Food & Beverages
Household Products
Personal Care Products
Pharmaceuticals
Others
PET Packaging Market: Regional Outlook
The PET packaging market has been segmented into five geographical regions: North America, Asia Pacific, South America, Europe, the Middle East, and Africa. In 2020, North America held the largest share in the global PET packaging market, followed by Europe and the Asia Pacific. North America is further estimated to dominate the PET packaging market during the forecast period. Moreover, Asia Pacific is expected to project the highest CAGR in the global market over the forecast period.

Key Global PET Packaging Market Competitors Includes -
The PET packaging market is highly fragmented, with a large number of small players across the globe. The key PET packaging market players operating in the global market include -

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Alpha Group
Amcor plc
Berry Global Inc.
CKS Packaging
Comar LLC
Gerresheimer AG,
Graham Packaging Company
GTX HANEX Plastic Sp. z o. o.
Nampak Limited
PET Power
Plastipak
RESILUX NV
Silgan
Sonoco Products Company
Tetra Laval.
The PET packaging market report provides a thorough analysis of macro-economic factors and every segment's market attractiveness. The report will include an in-depth qualitative and quantitative assessment of the segmental/regional outlook with the market players' presence in the respective segment and region/country. The information concluded in the report includes the inputs.

PET Packaging Market Report Covers Comprehensive Analysis On:
Market Segmentation & Regional Analysis
Market Size of 10 years
Pricing Analysis
Supply & Demand Analysis
Product Life Cycle Analysis
Porter's Five Forces & Value Chain Analysis
Developed & Emerging Economies Analysis
PEST Analysis
Market and Forecast Factor Analysis
Market Opportunities, Risks, & Trends
Conclusion & Recommendation
Regulatory Landscape
Patent Analysis
Competition Landscape
15+ Company Profiles

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