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PET Packaging Market Analysis Report 2023-2032: Industry Size, Growth Opportunities, Competitive Landscape And Major Players | Amcor Limited, Resilux NV, Gerresheimer AG, Berry Global Group Inc., Silgan Holdings Inc
The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032The Business Research Company's Template Global Market Report 2023 identifies emerging e-commerce industry as the major driver for the PET Packaging Market's growth in the forecast period. E-commerce (electronic commerce) refers to the purchasing and selling of goods and services, along with the transmission of payments and data, over an electronic network, primarily on the internet. PET packaging helps the e-commerce industry with the packing of food and beverage products.
The global PET packaging market size is expected to grow from $70.90 billion in 2022 to $74.70 billion in 2023 at a compound annual growth rate (CAGR) of 5.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The PET packaging market size is expected to grow to $92.32 billion in 2027 at a CAGR of 5.4%.
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Major competitors in the PET packaging market are Amcor Limited, Resilux NV, Gerresheimer AG, Berry Global Group Inc., Silgan Holdings Inc., CCL Industries Inc., EI du Pont de Nemours and Company, Rexam PLC, Smurfit Kappa Group, Klöckner Pentaplast GmbH & Co KG, GTX Hanex Plastic Sp. zoo, Dunmore Corporation, Huhtamaki Group, Graham Packaging Company, and Berry Plastic Group Inc
A key trend in the PET Packaging Market includes technological advancement. Major companies operating in the PET packaging market are developing new products with advanced technologies to strengthen their position in the PET packaging market. For instance, in February 2022, IonKraft, a Germany-based start-up company operating in PET packaging introduced plasma technology, to make plastic packaging for barrier applications in the chemical industry recyclable, and thus replace the present multi-material solutions.
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The PET Packaging Market is segmented -
By Packaging Type: Rigid packaging, Flexible packaging
By Pack Type: Bottles and jars, Bags and Pouches, Trays, Lids or Caps and Closures, Other Packs (cups and clamshells)
By Filling Technology: Hot fill, Cold fill, Aseptic fill, Other Technologies (counter-pressure, low vacuum gravity, high vacuum gravity, and positive pressure)
By End-Use Industry: Food, Beverages, Personal Care and Cosmetics, Household Products, Pharmaceuticals, Other End-Use Industries (industrial goods and consumer durables)
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the PET Packaging Market.
The Business Research Company's "Global PET Packaging Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The PET Packaging Market Include:
1. Executive Summary
2. PET Packaging Market Characteristics
3. PET Packaging Market Trends And Strategies
4. PET Packaging Market - Macro Economic Scenario
5. PET Packaging Market Size And Growth
……
26. Africa PET Packaging Market
27. PET Packaging Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The PET Packaging Market
29. PET Packaging Market Future Outlook and Potential Analysis
30. Appendix
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