Europe PET Packaging Market Size 2023-2028, Industry Trends and Business Opportunities

The latest report published by IMARC Group, titled "Europe PET Packaging Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028", offers a comprehensive analysis of the industry, which comprises insights on the market share. The report also includes competitor and regional analysis, and contemporary advancements in the market.

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.

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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.

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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.

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This release was published on openPR.