PET Packaging Market Growth Factors, Segmentation, Trends, Opportunities, Key Players and Forecast | Evolve Business Intelligence

As per the study initiated by Evolve Business Intelligence, the global PET Packaging Market size accounted for USD 39.23 billion in 2022, growing at a CAGR of 5.6% from 2023 to 2033. The PET packaging market is witnessing significant growth, with a projected increase from USD 67.38 billion in 2023 to USD 88.94 billion by 2028, at a CAGR of 5.71%. The market is highly competitive and is dominated by major players such as Amcor Ltd, Gerresheimer AG, Berry Global Group Inc., Silgan Holdings Inc., and Resilux NV. The industry is being driven by the outstanding properties of PET, rising demand for environmentally friendly packaging, and the growing need for sustainable and renewable materials. The market is also influenced by regulations against the use of plastics in some regions. The PET packaging market caters to various sectors, including the food and beverage industry, where PET is extensively used in products such as juices, milk, and water. Additionally, the market is witnessing a shift towards recycled PET packaging, with the recycled PET packaging market expected to reach USD 6.2 billion by 2033, driven by the increasing consumption of packaged food products and carbonated beverages.

Request Free Sample Report or PDF Copy: https://report.evolvebi.com/index.php/sample/request?referer=OpenPR&reportCode=022194

Key Highlights:
• The global PET Packaging Market size was valued at USD 39.23 billion in 2022 growing at a CAGR of 5.6% from 2023 to 2033.
• North America dominated the market in 2022
• Asia Pacific is expected to grow at the highest CAGR from 2023 to 2033

Evolve Business Intelligence has just unveiled its latest market research report focusing on the Global PET Packaging Market. This comprehensive report delves into various facets of the market, including market size and projections, market dynamics, competitor market share analysis, market value and volume, SWOT analysis, product comparisons, recent advancements by major players, and prospective opportunities. Furthermore, the market's evaluation in the dynamic chapter considers four key indicators: Drivers, Constraints, Emerging Trends, and Challenges..

Buy the Latest Copy of the Report Now at Higher Discount: https://report.evolvebi.com/index.php/sample/request?referer=OpenPR&reportCode=022194

Key Players
Some of the major PET Packaging Market players holding high market shares include E. I. Du Pont De Nemours and Company (U.S.), CCL Industries, Inc. (Canada), Amcor Limited (Australia) and PET Power B.V. (The Netherlands),. These players use partnership and collaboration as a key strategy to gain significant market share to compete with market leaders.

The key players profiled in the report are:
• E. I. Du Pont De Nemours and Company (U.S.),
• CCL Industries, Inc. (Canada),
• Amcor Limited (Australia),
• PET Power B.V. (The Netherlands),
• Gerresheimer AG (Germany),
• Graham Packaging Company (U.S.),
• Silgan Holdings (U.S.).
• Resilux NV (Belgium),
• Klöckner Pentaplast GmbH & Co. Kg (Germany),
• GTX Hanex Plastic Sp. Z O.O. (Poland),
• Berry Plastics Group Inc. (U.S.),
• Smurfit Kappa Group PLC (Ireland),
• Rexam PLC (U.K.),
• Dunmore Corporation (U.S.),
• Huhtamäki Oyj (Finland)

Segmental Analysis
Market Segment By packaging type
• rigid packaging
• flexible packaging.

Market Segment By pack type
• bottles & jars
• bags & pouches
• trays
• lids or caps
• other

For more information: https://report.evolvebi.com/index.php/sample/request?referer=OpenPR&reportCode=022194
 
Key Region/ Countries Covered
• North America (US, Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Spain, Russia, Nordic Countries, BeNeLux, Rest of Europe)
• Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Rest of Asia Pacific)
• Middle East and Africa (Saudi Arabia, UAE, Egypt, South Africa, Rest of MEA)
• Latin America (Mexico, Brazil, Argentina, Rest of Latin America)

Reasons to Buy this Report:
• Comprehensive insights.
• Reliable and accurate data.
• Market size and dataforecast
• Competitive analysis.
• Identification of market opportunities.
• Risk identification and mitigation strategies.
• SWOT analysis.
• TAM Analysis
• Recent industry developments.
• Customization options.
• Expertise and guidance for strategic decision-making

Address
Evolve Business Intelligence
C-218, 2nd floor, M-Cube
Gujarat 396191
India
Email: sales@evolvebi.com
Website: https://evolvebi.com/

About EvolveBI
Evolve Business Intelligence is a market research, business intelligence, and advisory firm providing innovative solutions to challenging pain points of a business. Our market research reports include data useful to micro, small, medium, and large-scale enterprises. We provide solutions ranging from mere data collection to business advisory.
Evolve Business Intelligence is built on account of technology advancement providing highly accurate data through our in-house AI-modelled data analysis and forecast tool - EvolveBI. This tool tracks real-time data including, quarter performance, annual performance, and recent developments from Fortune's global 2000 companies.

This release was published on openPR.