PET Packaging Market is Extrapolated to Reach a Value of US$ 124.1 Bn by 2032

Press Release from Future Market Insights

PET material is a lightweight and clear plastic that’s commonly used for packaging products. It is available in both rigid and flexible forms, which makes it useful for specific end-use applications. PET packaging is distinguished by its high strength, inexpensiveness, recyclability, lightweight, transparency, and high rigidity.

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Innovation and customisation of PET packaging are creating prospects for growth in the market. In addition to this, the ongoing expansion of sectors such as food & beverage, pharmaceutical & healthcare, personal care & cosmetics, and home care are expected to boost demand for PET packaging.

Further, growing trend for sustainable plastic packaging solutions is anticipated to bolsters sales in the market. Manufacturers are launching customized solutions as per end-use requirements, which will augment the growth in the market.

 “Growing preference for recyclable, durable and, cost-effective packaging solutions will bolster the demand for PET packaging. Also, customization offered by PET packaging manufacturers will fuel growth in the market,” says an FMI analyst.

The key objective of the global PET packaging report is to provide companies with a summary of the latest trends and lucrative business expansion opportunities for PET manufacturers, suppliers, and distributors. The report also demonstrates the key business strategies and principles adopted by the key players around the world. This report is intended to:

  • create greater awareness about PET packaging and how they are manufactured and distributed by companies;
  • increase access to information about the PET packaging business principles for other institutions that are planning to start the business;
  • promote the use of the PET packaging more generally in end-use industries

The research methodology used to forecast the market size was with the help of the top-down approach. The total market size of PET packaging was calculated based on the percentage split of packaging and percentage splits of different technologies used as PET packaging. This allotment and calculation were done on the basis of extensive primary interviews and secondary research. Primary research involved in this report includes extensive interviews with key people such as CEOs, VPs, directors, and executives.

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Competition Landscape

Berry Global Group, Mondi Group, Amcor plc, Sonoco Products Company, Huhtamäki Oyj, CCL Industries, Inc., Gerresheimer AG, Klöckner Pentaplast GmbH & Co. KG, ProAmpac LLC, Sealed Air Corporation, SCHUR FLEXIBLES GROUP, CLONDALKIN GROUP, Constantia Flexibles Group GmbH are some leading players operating in the global PET packaging market. Some recent developments include:

  • In  April 2020 , Amcor plc announced the launch of a family stock of polyethylene terephthalate (PET) bottles to meet the increasing demand for e-commerce ready packaging.

PET Packaging Market by Category

Packaging Type:

  • Rigid PET Packaging
  • Flexible PET Packaging

Product Type:

  • Bottles & Jars
  • Caps & Closures
  • Trays & Clamshells
  • Bags & Pouches
  • Films & Wraps
  • Labels
  • Others

End-use Industry:

  • Food & Beverage
  • Pharmaceutical & Healthcare
  • Personal Care & Cosmetics
  • Homecare
  • Automotive Parts
  • Electricals & Electronics
  • Chemicals
  • Others

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Key Questions Answered in the Report

  • How much was the valuation of the global PET packaging market in 2021?
  • What is the projected growth rate of the global PET packaging market?
  • What is the estimated valuation for the PET packaging market in 2032?
  • What are the trends driving sales in the PET packaging market?
  • Which are the top 5 countries driving the demand for PET packaging?
  • Who are the top five players in the PET packaging market?

About Us

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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