PET Packaging Market

PET Packaging Market by Pack Type (Bottle & Jars, Bags & Pouches, Trays, Lids/Caps & Closures), Packaging Type (Flexible Packaging and Rigid Packaging), and Geography (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

  • Report ID: MC-2099
  • Author: Growth Market Reports
  • Rating: 4.9
  • Total Reviews: 3
  • No. Of Pages: 212
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The PET packaging market size is projected to register a substantial CAGR during the forecast period, 2021–2028. The growth of the market is attributed to the rising consumer awareness of eco-friendly products, along with western influence and an increasing demand for personalized and different-sized packaging.

PET Packaging Market

PET, or polyethylene terephthalate, is a kind of polyester that may be molded into a variety of packaging containers, including boxes and bottles, depending on the needs of the user. PET packaging is made by melting PET resin pellets into molten liquid and extruding the molten liquid into desired forms. It is thermally stable, unbreakable, long-lasting, and microorganism-resistant, preventing the packaged material from degrading and ensuring quality. It also has good dimensional stability and resists moisture, solvents, and alcohols, as well as diluted alkalis and halogenated hydrocarbons to a less extent.

PET has packaging characteristics that make it superior to other packaging methods. High transparency, a gleaming surface, strong stability, high-pressure resistance, good barrier characteristics, and light weight are advantages of PET packing. PET packaging have a unique look and a sophisticated image due to their increased transparency and gleaming surface. New labeling options, like as double-sided printed labels, can improve the bottle's visual appeal. PET-containers are almost indestructible due to their superior material properties. PET provides the best possible protection for all customers. PET packaging has a number of advantages over conventional packaging materials because of these characteristics.

Market Trends, Drivers, Restraints, and Opportunities

  • Increasing consumer awareness of eco-friendly products, along with western influence is projected to fuel the market during the forecast period.
  • Rising demand for personalized and different-sized packaging are key factors propelling the market in the coming years.
  • High variations in raw material costs are expected to restrict the market growth.
  • Lack of skilled labor act as major challenge that can hinder the market during the forecast period.
  • R&D investment and technological advancement is expected to created lucrative opportunities for the market players.

Scope of the Report

The report on the PET packaging market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

PET Packaging Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

 Pack Type  (Bottle & Jars, Bags & Pouches, Trays, Lids/Caps & Closures), Packaging Type (Flexible Packaging and Rigid Packaging)

Geographical Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Silgan Holdings Inc.; Gerresheimer AG; Berry Global Group Inc.; Resilux NV; and Amcor Ltd.

Market Segment Insights

The bags & pouches segment is expected to grow at a rapid pace

Based on pack type, the PET packaging market is divided into bottle & jars, bags & pouches, trays, lids/caps & closures. The bags & pouches segment is expected to represent a key share of the market during the forecast period. The bags segment is expected to expand significantly as a result of firms' increasing attention on reducing the amount of material used in the production of the product.  Flexible materials are not commonly collected through kerbside recycling systems at the moment, but they are expected to become more widely recycled in the future. Some major stores who collect carrier bags are aiming to accept back bread bags, cereal bags, and other similar bags, which might make monolayer bags more recyclable in the future. The majority of packaging firms strive to reduce the amount of material used in their products. And this is the primary driver of bag adoption in the pet food packaging business.

PET Packaging Market

The rigid packaging segment is projected to hold a major market share

Based on packaging type, the PET packaging market is segregated into flexible packaging and rigid packaging. The rigid packaging segment is expected to represent a key share of the market during the forecast period due to its widespread use in bottles, jars, containers, trays, and clamp shells. Due to nature of its manufacturing, it will always confront sustainability challenges in various manners. Recycling streams, on the other hand, and their growth, will assist to mitigate such sustainability concerns. In January 2017, Unilever declared its commitment to make all of its plastic packaging completely reusable, recyclable, or compostable by 2025. Flexible packaging, on the other hand, requires less resources and energy to implement than rigid polymers, making it a more appealing option. In some segments, this might stifle the expansion of rigid packaging.

PET Packaging Market

The United States is expected to dominate the market

On the basis of geography, the PET packaging market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The United States is anticipated to dominate the market during the forecast period. Due to increased consumption and industrial applications of plastic-made containers, demand for plastic bottles and containers is expected to rise steadily in the US. Plastic bottle consumption in the United States continues to grow, according to the plastics industry association (PLASTICS). In 2017, plastic bottles and jars accounted for around 75% of all plastic containers in terms of weight.

PET Packaging Market

Segments

Segments Covered in the Report

The PET packaging market has been segmented on the basis of

Pack Type

  • Bottle & Jars
  • Bags & Pouches
  • Trays
  • Lids/Caps & Closures

Packaging Type

  • Flexible Packaging
  • Rigid Packaging

Geography

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

  • Silgan Holdings Inc.
  • Gerresheimer AG
  • Berry Global Group Inc.
  • Resilux NV
  • Amcor Ltd.

Competitive Landscape

Key players competing in the PET packaging market include Silgan Holdings Inc., Gerresheimer AG, Berry Global Group Inc., Resilux NV, and Amcor Ltd.

Some of these players are using several market strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to increase their market shares.

PET Packaging Market

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. PET Packaging Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. PET Packaging Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. PET Packaging Market - Supply Chain
  4.5. Global PET Packaging Market Forecast
     4.5.1. PET Packaging Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. PET Packaging Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. PET Packaging Market Absolute $ Opportunity
5. Global PET Packaging Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. PET Packaging Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global PET Packaging Demand Share Forecast, 2019-2026
6. North America PET Packaging Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America PET Packaging Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America PET Packaging Demand Share Forecast, 2019-2026
7. Latin America PET Packaging Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America PET Packaging Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America PET Packaging Demand Share Forecast, 2019-2026
8. Europe PET Packaging Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe PET Packaging Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe PET Packaging Demand Share Forecast, 2019-2026
9. Asia Pacific PET Packaging Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific PET Packaging Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific PET Packaging Demand Share Forecast, 2019-2026
10. Middle East & Africa PET Packaging Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa PET Packaging Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa PET Packaging Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global PET Packaging Market: Market Share Analysis
  11.2. PET Packaging Distributors and Customers
  11.3. PET Packaging Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. Silgan Holdings Inc. Gerresheimer AG Berry Global Group Inc. Resilux NV Amcor Ltd.

Segments Covered in the Report

The PET packaging market has been segmented on the basis of

Pack Type

  • Bottle & Jars
  • Bags & Pouches
  • Trays
  • Lids/Caps & Closures

Packaging Type

  • Flexible Packaging
  • Rigid Packaging

Geography

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

  • Silgan Holdings Inc.
  • Gerresheimer AG
  • Berry Global Group Inc.
  • Resilux NV
  • Amcor Ltd.

Key players competing in the PET packaging market include Silgan Holdings Inc., Gerresheimer AG, Berry Global Group Inc., Resilux NV, and Amcor Ltd.

Some of these players are using several market strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to increase their market shares.

PET Packaging Market

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