Press release
PET Packaging Market Report: Global Size, Share, Top Companies, Growth and Business Opportunities 2023-2028
The global PET packaging market size reached US$ 74.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 99.6 Billion by 2028, exhibiting a growth rate (CAGR) of 4.9% during 2023-2028. This report can serve as an excellent guide for investors, researchers, consultants, marketing strategists and all those who are planning to foray into the market in any form.
Year Considered to Estimate the Market Size:
• Base Year of the Analysis: 2022
• Historical Period: 2017-2022
• Forecast Period: 2023-2028
PET Packaging Market Trends:
On account of the hectic lifestyles and rising working population, a large number of individuals are preferring ready-to-eat food products. Owing to this, there has been an increasing demand for PET packaging which has been licensed as safe for contact with food and beverages by the European Safety Authority (EFSA) and the United States Food and Drug Association (USFDA). Also, it helps in extending the shelf-life, does not react with the product and is resistant to attacks by micro-organisms. Apart from this, PET packaging is widely used in the e-commerce industry to pack numerous items. Furthermore, governments of various nations are encouraging the use of PET packaging to maintain hygiene and safety standards. Moreover, the leading companies are using advanced technologies to manufacture reusable and recyclable packaging solutions. For instance, they are utilizing plasma-based coating to make PET bottles more impervious.
Request Free Sample Report: https://www.imarcgroup.com/pet-packaging-industry-report/requestsample
PET Packaging Market 2023-2028 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the PET packaging market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
• Amcor plc
• Berry Global
• Graham Packaging Company
• Dunmore Corporation
• Huhtamäki Oyj
• Resilux NV
• E. I. du Pont de Nemours and Company
• Silgan Holdings Inc.
• GTX Hanex Plastic
• Comar LLC
• Sonoco Products Company
• Nampak Ltd.
• CCL Industries Inc.
• Smurfit Kappa Group
• Rexam PLC
Key Market Segmentation:
The report has segmented the global PET packaging market based on packaging type, form, pack type, filling technology, end-user and region.
Breakup by Packaging Type:
• Rigid Packaging
• Flexible Packaging
Breakup by Form:
• Amorphous PET
• Crystalline PET
Breakup by Pack Type:
• Bottles and Jars
• Bags and Pouches
• Trays
• Lids/Caps and Closures
• Others
Breakup by Filling Technology:
• Hot Fill
• Cold Fill
• Aseptic Fill
• Others
Breakup by End-User:
• Beverages Industry:
o Bottled Water
o Carbonated Soft Drinks
o Milk and Dairy Products
o Juices
o Beer
o Others
• Household Goods Sector
• Food Industry
• Pharmaceutical Industry
• Others
Breakup by Region:
• Asia Pacific
• North America
• Europe
• Middle East and Africa
• Latin America
Ask Analyst for 10% Free Customized Report: https://www.imarcgroup.com/request?type=report&id=1495&flag=C
Industry Definition and Application:
PET, or polyethylene terephthalate, is a lightweight plastic that has become an innovative and attractive packaging solution in numerous industries. PET packaging is produced by melting pellets of PET resin and extruding the molten liquid into the desired shape. It offers numerous advantages, such as minimizing wastage, lowering transportation and shipping costs, and retaining freshness of the packaged product. The growing awareness and the shift in consumer preference toward eco-friendly solutions have led manufacturers in various industries to adopt PET packaging.
Key Highlights of the Report:
• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
Other Reports by IMARC Group:
Digital Payment Market: https://bit.ly/3ZRvJX4
Contactless Payment Market: https://bit.ly/3TdWWAJ
Mobile VoIP Market: https://bit.ly/3JDLZVU
Military Robots Market: https://bit.ly/3yCxwDp
Car Rental Market: https://bit.ly/42gN2lZ
E-Book Reader Market: https://bit.ly/402TDOO
Goat Milk Market: https://bit.ly/3mVVkze
Lipstick Market: https://bit.ly/3TiprNp
Plant Growth Chambers Market: https://bit.ly/3ZOKZDM
Contact Us:
IMARC Group
134 N 4th St
Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Americas: +1-631-791-1145 | Europe & Africa: +44-753-713-2163 | Asia: +91-120-433-0800
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
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