PET Packaging Market Scenario
Globally, it has been found that the pet packaging market grows at a CAGR value of nearly equal to 4.90% during the market forecast period of 2022 to 2030.
The PET Packaging Market share, is predicted to register 5% CAGR during the forecast period (2018–2023) owing to the growing demand for packaged food items across the globe, asserts Market Research Future (MRFR).
The prominent players operating the global PET Packaging Market Growth, are
- Berry Plastics Group Inc. (U.S.)
- Amcor Limited (Australia)
- Silgan Holdings (U.S.)
- Rexam PLC (U.K.)
- Resilux NV (Belgium)
- PET Power B.V. (The Netherlands)
- Graham Packaging Company (U.S.)
- Dunmore Corporation (U.S.)
- CCL Industries, Inc. (Canada)
- GTX Hanex Plastic Sp. Z O.O. (Poland)
- I. Du Pont De Nemours and Company (U.S.)
- Smurfit Kappa Group PLC (Ireland)
- Gerresheimer AG (Germany)
- Huhtamäki Oyj (Finland)
- Klöckner Pentaplast GmbH Co. Kg (Germany)
The global PET Packaging Market Growth has been segmented on the basis of packaging type, form, pack type, end-use industry, and region.
By mode of pack type, the PET Packaging Market Growth, has been segmented into bags pouches, bottles jars, lids/caps closures, trays, and others. Among these, the bottles jars segment is considered to be dominated and is also presumed to witness phenomenal growth during the assessment period as they are light in weight, bendable, safe, and 100% recyclable.
By mode of end-use industry, the global PET Packaging Market Assessment has been segmented into personal care cosmetics, food beverage, pharmaceuticals, household products, and others. Among these, the food beverage segment acquires the major market share and is considered to witness the highest CAGR. The varying consumer preferences for healthy packaged food is stimulating the growth of PET Packaging Market Growth, in the food-beverage sector.
Geographically, the PET Packaging Market Growth, span across regions namely, Europe, North America, Asia Pacific, and Rest-of-the-World (RoW).
The North American region is anticipated to dominate the global PET Packaging Market Growth, owing to the growing investment in research and development activities and product innovation. Moreover, the strict food safety policies in the countries of Canada and the U.S. further drive the demand for PET packaging in the food-beverage sector.
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