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PET packaging industry global market forecast to 2021 made available by top research firm

Materials & Chemicals Research

The global PET Packaging market study of 257 pages explores PET Packaging Industry growth, trends, statistics, Global Market size, share, and opportunity analysis. Report also provides PET Packaging market forecast to 2021. Report includes PET Packaging Market by Form covering Amorphous PET, Crystalline PET, Pack type including Bottles & jars, Bags & pouches, Trays, Lids/Caps & closures, others, by Filling Technology, and End-use industry. Global PET Packaging market is projected to reach 74.32 billion by 2021.

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PET Packaging Companies Analyzed CCL Industries, Inc. (Canada), E. I. du Pont de Nemours and Company (referred as DuPONT) (U.S.), Amcor Limited (Australia), Resilux NV (Belgium), Rexam PLC (U.K.), Smurfit Kappa Group PLC (Ireland), Gerresheimer AG (Germany), KlöcknerPentaplast GmbH & Co. KG (Germany), Graham Packaging (U.S.), GTX Hanex Plastic Sp. z o.o. (Poland), Berry Plastic Group Inc. (U.S.), Dunmore (U.S.), Huhtamaki  Group (Finland).

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The market for PET packaging is driven by growing demand in industries such as food, beverage, personal care & cosmetics, pharmaceutical, and household products, in both developed and developing countries. To retain the quality of the food and to increase the shelf life of packaged goods PET packaging is highly preferred in the food segment.

“Rigid packaging segment is projected to grow at a healthy CAGR during the forecast period”

The rigid packaging segment is projected to be the fastest-growing packing type in the PET packaging market in the next five years. Rigid packaging is highly preferred in manufacturing bottles, containers, trays, and jars.

Rigid packaging end-products are gaining preferences in industries such as food, beverage, and pharmaceutical as these devolve excellent performance in extreme conditions such as humidity, temperature, and moisture.

“Asia-Pacific to be the fastest-growing market during the forecast period”

The Asia-Pacific region is projected to be the fastest-growing market during the forecast period, followed by Europe, from 2016 to 2021. Japan accounted for the largest consumption of PET packaging, followed by China in 2015.

In North America, the U.S. is the largest consumer of PET packaging. The key reasons behind the growth in the Asia-Pacific region are emerging economies, growing awareness of sustainable packaging, and, most importantly, the increasing trends in end-use industries such as food, beverage, and pharmaceutical.

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In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information as well as assess future market prospects. The distribution of primary interviews is as follows:

  • By Company Type: Tier1 –41%, Tier2 –17%, and Tier3 –42%
  • By Designation: C-level –48%, Manager Level – 32%, and Others –20%
  • By Region: North America –44%, Europe –19%, Asia-Pacific – 28%, and RoW –9%

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Reasons to access this report:

  • This report segments the PET packaging market comprehensively and provides the closest approximations of the revenue numbers for the overall market and the subsegments across the different verticals and regions.
  • The report helps stakeholders to understand the market and provides them information on key market drivers, restraints, challenges, and opportunities.
  • This report will help stakeholders to better understand their competitors and gain more insights into their position in the business.

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