Global PET Packaging Market Research Report - Forecast to 2023

PET Packaging Market Research Report By
Forecast To 2023
Industry Survey, Growth, Competitive Landscape
and Forecasts to 2023
Market Research Future
(Part of Wantstats Research & Media Pvt. Ltd.)
PET Packaging Market Forecast To 2023
Global PET Packaging Market Information by Type (Rigid and Flexible) Product (Bottles & jars, Bags &
pouches, Lids/caps & closures, Trays, and others), Application (Food & Beverage, Pharmaceuticals, Consumer
goods, Personal care, and others) and region - Forecast to 2023
The key drivers of PET packaging are increasing foreign investment and rapid industrialization in the emerging nations. The
global plastics industry is observing a continuous shift of production. Asia has become the largest and the fastest growing
market for plastics in the world. The packaging industry is highly application driven. Industries such as pharmaceuticals,
food & beverages, consumer goods among other utilize PET packaging in a big way. However, Food and beverages is the
dominant industry due to increasing demand for packaged food items from all across the globe. The demand from the
healthcare industry is also expected to drive the global PET packaging market to a large extent, after food & beverages
Plastic leads the market by material. It is the most preferred material when it comes to packaging due to its properties such
as durability, firmness, and light-weight. On the basis of region, Asia Pacific region accounts for the fastest growing market,
followed by North America and Europe. The region has seen an increased consumption of PET packaging from all major
industries. The global PET packaging market size was valued at around USD 53 billion in 2015 and is expected to cross USD
75.4 Billion at CAGR of approximately 5.6% by 2023.
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PET Packaging Market Forecast To 2023
Market Segmentation
PET Packaging Market Forecast To 2023
Regional Analysis of Global PET Packaging Market
APAC is the fastest growing market for PET packaging, followed by North America and Europe. The share of APAC is
attributed to the rapid urbanization and population growth. The emerging nations of APAC are seen as low cost regions
which induces the industrial growth. This further fuels the demand for such packaging across various industries. The
demand for packaged food has gone up in Asian countries due to changing lifestyles and thus the demand for packaging
materials in the sector has increased. After the economic liberalization the growth in the plastic industry was boosted in
India. Asia has become the largest and the fastest growing market for plastics in the world.
PET Packaging Market Forecast To 2023
Key Players
The key players of global pet packaging market report include Amcor Limited, Berry Plastic Group Inc., Graham Packaging,
CCL Industries Inc., E. I. du Pont de Nemours and Company Smurfit Kappa Group PLC, Gerresheimer AG, Huhtamaki Group,
KG Resilux NV, Klöckner Pentaplast Company and, GTX Hanex Plastic Sp. z o.o.
Target Audience
Raw Materials Suppliers
Aftermarket suppliers
Research Institute / Education Institute
Potential Investors
Key executive (CEO and COO) and strategy growth manager
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Global PET Packaging Market: by Form (Amorphous PET, Crystalline PET), Pack type (Bottles & jars, Bags & pouches, Trays, Lids/Caps & closures, others), Packaging Type (Rigid, Flexible), End-use industry, and Region - Global Forecast to 2023