PET Packaging Market Overview
The sturdy and durable nature of PET packaging has increasingly led to its rapid adoption in a broad range of verticals. Reports that explore the packaging and transport industry have been presented by Market Research Future, which produces reports on industry verticals that appraise the market expansion and prospects. The market is poised to garner an incremental CAGR over the forecast period.
The range of pet packaging applications offered in terms of in terms of diversity in design is expected to transform the market in the forecast period. The increased demand from the food & beverage and pharmaceutical sector is anticipated to motivate the market substantially. Moreover, the advances in production technology of PET packaging is projected to bolster the market growth in the upcoming period.
withstand against competition has enhanced significantly leading to a record progress rate.
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The predominant contenders in the PET Packaging Market are
- Amcor Limited (Australia)
- KlöcknerPentaplast GmbH & Co. KG (Germany)
- Rexam PLC (U.K.)
- Smurfit Kappa Group PLC (Ireland)
- CCL Industries, Inc. (Canada)
- Gerresheimer AG (Germany)
- Graham Packaging (U.S.) to name a few.
Aug 2019 Amcor has leveraged its pioneering design technology to create original PET bottles for pasteurized beer in Brazil. The business has designed custom 600-milliliter bottles for beverage manufacturer New Age Bebidas that highlight the attractiveness of a glass-like, champagne-style bottom merged with the convenience of lightweight and shatter-resistant PET.
Aug 2019 The world’s largest PET maker, Indorama, is investing at least $1 billion to meet the upcoming need for recycled-content packaging from consumer product brand owners. The company has allocated a financial plan of USD 1 billion to recycling along with an additional USD 500 million investment to help its clients achieve 25 percent recycled content rate.
The segmental evaluation of the PET packaging market is carried out on the basis of type, end-user industry, product, and region. On the basis of type, the amorphous PET and crystalline PET. The PET packaging market has been segmented on the basis of end-user industry into pharmaceuticals, food, beverages, household goods, cosmetics, and others. On the basis of products, the PET packaging market is segmented into bottles, bags, closures, cups, trays, and others. On the basis of regions, the PET packaging market is segmented into APAC, North America, Europe, and others.
Detailed Regional Analysis
The regional assessment of PET packaging market includes regions such as APAC, North America, Europe, and others. As per the evaluation, the Asia Pacific region directs the PET packaging Market on a global scale with the major market share by 2027. The European region and the European region have shown significant development in 2016 to become the chief market for PET packaging and are further anticipated to flourish at a favorable CAGR by 2027.
The market has obtained an incremental stride in the past few years, which is emphasized by the accomplishments in terms of valuation. The motive of properly bolstering the global economy is being driven through the development of this market as well. The global administrations have also contributed substantially towards the development of the market in current years. Also, the competition being noticed in the market is not unfavorable to the distinct player’s progress in the market. The market is well equipped to navigate the shifting tides, abrupt upheavals, and unexplored waters in the global economy. The fiscal inflows in the market are being focused towards growing the inventions in the central product offering presented in the market so that the development doesn’t go off in the approaching period. The rise of sponsors in the market has put on an essential role in the advancement of the market. The decrease in the barriers to trade is anticipated to extend innovative areas for development in the forthcoming years. The expansion of the resources required to
TABLE OF CONTENTS
1 EXECUTIVE SUMMARY
2 SCOPE OF THE REPORT
2.1 MARKET DEFINITION
2.2 SCOPE OF THE STUDY
2.2.2 RESEARCH OBJECTIVE
2.3 RESEARCH PROCESS
2.3.1 PRIMARY RESEARCH
2.3.2 SECONDARY RESEARCH
2.4 MARKET SIZE ESTIMATION
2.5 FORECAST MODEL
3 MARKET LANDSCAPE
3.1 PORTER’S FIVE FORCES ANALYSIS
3.1.1 THREAT OF NEW ENTRANTS
3.1.2 BARGAINING POWER OF BUYERS
3.1.3 THREAT OF SUBSTITUTES
3.1.4 SEGMENT RIVALRY
3.2 VALUE CHAIN/SUPPLY CHAIN ANALYSIS
4 MARKET DYNAMICS
4.2 MARKET DRIVERS
4.3 MARKET RESTRAINTS
4.4 MARKET OPPORTUNITIES
4.5 MARKET TRENDS
LIST OF FIGURES
FIGURE 1 RESEARCH PROCESS OF MRFR
FIGURE 2 TOP DOWN & BOTTOM UP APPROACH
FIGURE 3 MARKET DYNAMICS
FIGURE 4 IMPACT ANALYSIS: MARKET DRIVERS
FIGURE 5 IMPACT ANALYSIS: MARKET RESTRAINTS
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