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PET Packaging Market Research Report - Forecast to 2027

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Global PET Packaging Market Information Report by End-user industry (Food, Beverages, Pharmaceuticals, Cosmetics, Household goods, and others), by Product (Bags, Bottles, Closures, Trays, Cups, and others), by Type (Amorphous, and Crystalline), and
PET Packaging Market Research Report By
Forecast To 2027
Industry Survey, Growth, Competitive Landscape
and Forecasts to 2027
PREPARED BY
Market Research Future
(Part of Wantstats Research & Media Pvt. Ltd.)
PET Packaging Market Research Report - Forecast to 2027
Global PET Packaging Market Information Report by End-user industry (Food, Beverages, Pharmaceuticals,
Cosmetics, Household goods, and others), by Product (Bags, Bottles, Closures, Trays, Cups, and others), by
Type (Amorphous, and Crystalline), and by Region - Global Forecast 2027
The industry is driven by key factors like rising population, increase in income levels and changing lifestyles. Growth
prospects of end-user segments are leading to rise in the demand of the plastic packaging industry. Demand from rural
sector for packaged products is being fuelled by the increasing media penetration through the means of internet and
television. Further, India is emerging as the most favoured destination for organized retail destination in the world. And also
the presence of E-commerce is expanding rapidly and is bringing around a revolution in the retail industry. Going ahead
recycling & reuse of plastics will be an important step towards fostering innovation and sustainability. Also increased
awareness through help of industry groups and Government could help address some of these challenges
The market for PET packaging is growing due to increasing demand in end-use industries such as food, beverage,
pharmaceutical, and personal care & cosmetics. Many new trends have emerged in the market such as the availability of
hot-filling products in PET bottles and aseptic cold-filling PET bottles, which increase the shelf life of the products even if
they are not kept at the optimum conditions. Recycling PET for re-use after sorting, cleaning, and transforming PET
containers is also becoming popular in the market.
Packaging plays a major role in attracting customers to purchase the product. The beverage industry is the largest end-user
of PET packaging. Vendors are focussing on producing advanced packaging products to prevent contamination. At present,
the PET packaging market is undergoing several technological innovations to eliminate the risk of harmful substances
entering into these containers. The latest technology gaining preference among vendors is the plasma coating process,
which includes the coating of PET containers with protective layers that make them less permeable.
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PET Packaging Market Research Report - Forecast to 2027
PET Packaging Market – Competitive Analysis
Among all types of plastic resins, polyethylene terephthalate (PET) is most used across various industry verticals. Globally, in
2015, around 26.2 million tons of PET is used in packing and 20.5 million tons is used in bottles only. The latest innovations
in recycling technologies have made the plastic recycling process easier and more cost effective. The technologies include
reliable detectors, sophisticated decision and recognition software that collectively enhance the productivity and accuracy
of automatic sorting of plastics.
According to the Environmental Protection Agency (EPA), the current PET bottle recycling rate results in an energy savings
equivalent to that consumed by 165,000 U.S. households each year. If the national PET bottle recycling rate increased by
just 25 percent, we would avoid the greenhouse gas emissions equivalent to 131 million gallons of gasoline.
Industry Overview:
PET Packaging Market appears to be highly fragmented and competitive owning to the presence of numerous large and
small players active in regional market. The key strategies traced from the analysis of recent developments of the key
players include Product Launch, Agreement & Partnership, Acquisition and expansion. Strategic partnerships between Key
players support the growth and expansion plans of the key players during the forecast period. On the product and sales
side, companies are investing in innovation/R&D, brand building, and fostering strong relationships with customers to
support their competitive position.
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PET Packaging Market Research Report - Forecast to 2027
PET Packaging Market – Segmentation
For the convenience of the report and enhanced understanding; The PET Packaging Market is segmented in to 4key
dynamics
Segmentation By End-user industry - Food, Beverages, Pharmaceuticals, Cosmetics, Household goods, and others
Segmentation By Product- Bags, Bottles, Closures, Trays, Cups, and others
Segmentation By Type - Amorphous, and Crystalline
Segmentation by Regions- Comprises regions - North America, Europe, APAC and Rest of the World.
PET Packaging Market – Regional Analysis
The recycling industry in Western Europe is dominated by countries such as Germany, U.K., Belgium, Sweden etc.
Environmental awareness among consumers and stringent government regulations imposed are responsible for high
recycling rates in the region. Various countries have implemented PET bottles returning policy including Germany, Austria,
Estonia, Denmark, Netherlands, Norway, Sweden and Switzerland.
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Author
Monica Nerkar
Monica Nerkar790   documents Email
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