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(Construction.IndustryNews247.Com, December 25, 2018 ) The PET packaging market is estimated to grow from USD 55.12 Billion in 2015 to reach USD 74.32 Billion by 2021, at a CAGR of 5.21%. The base year considered for the study is 2015 and the market size is projected from 2016 to 2021. The segments considered for this report are based on packaging type, pack type, end-use industry, form, filling technology, and region.
Sample Papers on PET packaging market spread across 257 Pages, Profiling 13 Companies and supported with 120 Tables and 71 Figures is now available at http://www.reportsnreports.com/contacts/requestsample.aspx?name=600632 .
The global PET packaging ecosystem comprises of PET packaging manufacturers, vendors, and service providers such as CCL Industries, Inc. (Canada), E. I. du Pont de Nemours and Company (referred to as DuPont) (U.S.), Amcor Limited (Australia), Resilux NV (Belgium), Rexam PLC (U.K.), Smurfit Kappa Group PLC (Ireland), Gerresheimer AG (Germany), and Klöckner Pentaplast GmbH & Co. KG (Germany). The other notable players in the market are Graham Packaging (U.S.), GTX Hanex Plastic Sp. z o.o. (Poland), Berry Plastic Group Inc. (U.S.), Dunmore (U.S.), and Huhtamaki Group (Finland).
Target Audience
• Package manufacturers
• Healthcare & pharmaceutical institutes
• Retail shops & outlets
• Manufacturing organizations
• Beverage manufacturers
• Packaging organizations
The total size of PET packaging market was calculated based on percentage split of packaging and percentage splits of different technologies used as PET packaging. This allotment and calculation were done on basis of extensive primary interviews & 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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Asia-Pacific region is projected to be fastest-growing market during forecast period, followed by Europe, from 2016 to 2021. Japan accounted for largest consumption of PET packaging, followed by China in 2015. In North America, U.S. is largest consumer of PET packaging. Key reasons behind growth in Asia-Pacific region are emerging economies, growing awareness of sustainable packaging, & most importantly, increasing trends in end-use industries such as food, beverage, and pharmaceutical.
Global Market Drivers are as folllows
1 Demand Side
2 Increasing Demand From End-Use Industries
3 Food & Beverage Industry Represents the Largest Consumption Group of PET Packaging
4 PET Bottles Safe for Pharmaceutical Packaging
5 Shift in Consumer Preferences Towards Recyclable and Eco-Friendly Materials
6 Supply Side
7 Technological Advancements in the PET Packaging Market
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 growat a healthy CAGR during the forecast period”
More Details Now at “PET Packaging Market by Form (Amorphous PET, Crystalline PET), Pack type (Bottles & jars, Bags & pouches, Trays, Lids/Caps & closures, others), Filling Technology (Hot fill, Cold fill, Aseptic fill, others), Packaging Type (Rigid, Flexible), End-use industry - Forecast to 2021” report @ http://www.reportsnreports.com/contacts/inquirybeforebuy.aspx?name=600632 .
This PET Packaging market is segmented on basis of form, packaging type, pack type, end-use industry, and filling technology. In terms of packaging type, rigid packaging held largest market share, in terms of value. And it is projected to grow at highest CAGR.
Excellent growth is witnessed because of increasing demand in end products such as containers, bottles & jars, & trays. In terms of pack type, the bottles & jars segment accounted for the largest share in this market, in terms of both volume and value, among all pack type.
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