Press release
Europe PET Packaging Market Size 2023-2028, Industry Trends and Business Opportunities
The Europe PET packaging market size reached US$ 9.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 13.4 Billion by 2028, exhibiting a growth rate (CAGR) of 6.79% during 2023-2028.
Download a free sample report to get a detailed overview of the market: https://www.imarcgroup.com/europe-pet-packaging-market/requestsample
What are the growth prospects and trends in the industry?
The escalating demand for bottled water is primarily driving the Europe PET packaging market. Additionally, the widespread adoption of single-serve packs and the rising inclination among the millennial population towards ready-to-eat (RTE) food products are further bolstering the market growth. Besides this, the rising utilization of PET packaging, as it offers minimal solid waste and storage requirements, low production and shipping costs, ease of transportation, etc., is acting as another significant growth-inducing factor. Moreover, the development of eco-friendly solutions is encouraging leading manufacturers to use polyethylene terephthalate packaging, as it does not react with the product, assists in extending the shelf-life, is resistant to attacks by microorganisms, etc., which is also positively influencing the regional market. Apart from this, the launch of favorable policies by government bodies to maintain hygiene in the production processes is anticipated to fuel the Europe PET packaging market over the forecasted period.
Key Market Segmentation:
The report has segmented the Europe PET packaging market based on packaging type, form, pack type, filling technology, end user and country.
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 Country:
• Germany
• France
• United Kingdom
• Italy
• Spain
• Others
Competitive Landscape With Key Players:
The competitive landscape of the Europe PET packaging market has been studied in the report with the detailed profiles of the key players operating in the market.
Ask Analyst for Customization and Explore Full Report With TOC & List of Figures: https://www.imarcgroup.com/request?type=report&id=3155&flag=C
Industry Definition and Application:
Polyethylene terephthalate (PET) represents a form of polyester that can be shaped into several packaging containers, including bottles and boxes. It is usually manufactured by melting PET resin pellets and extruding the molten liquid into various shapes as per the needs of individuals. Polyethylene terephthalate packaging is unbreakable, durable, thermally stable, resistant to microorganisms, etc. It also offers high dimensional stability and resistance to solvents, moisture, alcohol, etc. PET packaging helps in preventing the packaged contents from degrading while ensuring maximum quality maintenance. Consequently, it finds wide-ranging applications in numerous industries, such as personal care, pharmaceuticals, food and beverage (F&B), etc., across Europe.
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.
Contact Us:
IMARC Group
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Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
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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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