PET Packaging Market: Global Industry Analysis and Forecast (2023-2029)

PET Packaging Market size was valued at US$ 40.85 Bn. in 2022. Water, one of the segments reviewed in our report dominated the PET Packaging Market.

PET Packaging Market Overview:

The PET also known as polyethylene terephthalate, is a type of polyester and is an ethylene glycol polymer and terephthalic acid is corrosive. Also PET pitch pellets can be heated to form a liquid and easily molded into any shape. PET is an extraordinary bundling material because it is sturdy yet lightweight, non-absorbent, gentle, and fragile.PET Packaging MarketTo know about the Research Methodology :- Request Free Sample Report

PET Packaging Market Dynamics:

The PET is a durable, transparent, lightweight plastic widely used in the manufacture of bottles, jars, containers, and other packaging products. PET is a semi-crystalline, transparent plastic in its natural state and is most commonly used for packaging carbonated drinks and water. These factors are driving the demand for the product in the market. PET is a non-toxic, safe, lightweight, flexible, and easy-to-recycle raw material widely used in the food and beverage industry. It is also an inert material that does not react with food and is widely used in the manufacture of bottles and glasses for water, carbonated and soft drinks because it keeps a variety of foods fresh and has excellent damage resistance. These factors are driving the demand for PET in the Food and Beverage Industry. PET is also a widely used material for making packages for various products such as peanut butter, cooking oils, salad dressings, and personal care products such as liquid hand soaps, shampoos, and other personal care and cosmetics. These applications are driving the market growth of PET. Food trays, lids, containers, and bowls are also made with special PET qualities such as amorphous polyethylene terephthalate (APET) and crystalline polyethylene terephthalate (CPET). APET is a transparent, robust, and impact-resistant material that provides excellent barrier properties against water and gas. This material is widely used in the manufacture of trays, closures, and other packaging products. Whereas, CPET is a tough, sturdy heat-resistant material that is widely used in food and beverage packaging applications. Market trends and challenges are analyzed and compiled in the report. The data of 2022 is considered for a better understanding of the client. Moreover, Analytics of the market is based on real numbers of past years from 2018 to 2022 with market forecast until 2029.

PET Packaging Market Segment Analysis:

By Product, Bottles and jars dominated the market with a 41% share in 2022. PET is widely used in food packaging due to its strong barrier properties against water vapor, gas, dilute acids, oils, and alcohols. PET is also shatterproof, reasonably flexible, and easy to recycle. The demand for packaged drinking water is driving the demand for PET plastic caps and capsules. It is used to manufacture disposable plastic containers that are also used in finished products and frozen foods. Also PET is popular because it provides an excellent oil barrier that helps withstand chemicals that can damage plastics. PET can be up to 90% lighter than glass, enabling a more economical transportation process. These factors are driving the market growth of the segment. Bags and Pouches are expected to grow at a CAGR of 4 % through the forecast period. Busy lifestyle and increasing take ways for food items etc. These factors are expected to drive the market growth of the segment through the forecast period. By Packaging, the rigid segment dominated the market with a 56.3 % share in 2022. The rise in demand for products like bottles, jars, trays is driving the growth of the segment in the market. They are easy to carry and do not spill easily. These factors are driving the demand for the product in the PET Packaging market.PET Packaging Market The flexible segment is expected to grow at a CAGR of 4.4% through the forecast period. They are extremely customizable and can be tailored to fit the needs of designs and features such as seals, zip locks, and spouts make flexible packaging reusable and convenient. These factors are expected to drive the growth of the segment in the market. By End Use, the Water segment dominated the market with a 34.65 % share in 2022. Water is a necessity and water bottles are used in highest number than any other. The rising demand for water bottles in various sizes and designs. These factors are driving the growth of the segment in the market. Carbonated soft drinks are expected to grow at a CAGR of 5 % through the forecast period. The rising consumption of soft drinks globally is leading to a rise in demand for bottles. Thus, driving the demand for PET packaging. These factors are expected to drive the growth of the segment through the forecast period.

Regional Insights:

North America dominated the market with a 39.3% share in 2022. The most commonly recycled plastic in the United States is PET. According to the PET Resin Association (PETRA), approximately £ 1.47 billion of used PET bottles and containers are collected for recycling each year in the region. The increased demand for PET closures and closures is also the result of an increase in PET packages such as containers, bottles, tubes, cans, and barrier properties against carbon dioxide (CO2) and oxygen (O2), PET can also be used in food packaging. Safe in the microwave and widely used in some grocery chains. These factors are driving the demand for the product in the region. Asia Pacific is expected to grow at a CAGR of 8 % through the forecast period. An increasing population, rising food and beverages industry and technological advances in lightweight solutions and increasing attention to sustainability and recycling. The potential for the introduction of recycled PET by other companies will impact the demand for plastic caps and closures. These factors are expected to drive the demand and market of PET Packaging through the forecast period. The objective of the report is to present a comprehensive analysis of the PET Packaging market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the PET Packaging market dynamics, structure by analyzing the market segments and project the PET Packaging market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the PET Packaging market make the report investor’s guide.

PET Packaging Market Scope: Inquire before buying

PET Packaging Market
Report Coverage Details
Base Year: 2022 Forecast Period: 2023-2029
Historical Data: 2018 to 2022 Market Size in 2022: US $ 40.85 Bn.
Forecast Period 2023 to 2029 CAGR: 12.3% Market Size in 2029: US $ 92.03 Bn.
Segments Covered: by Product Bottle and Jars Bags and Pouches Trays Others
by Packaging Rigid Flexible
by End-Use Water Carbonated Soft Drinks Non- Foods Other drinks Food Thermoforming

PET Packaging Market, by Region

Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) North America (United States, Canada and Mexico) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina Rest of South America)

Key Players

1. Amcor Limited 2. Graham Packaging Company 3. Resilux NV 4. Gerresheimer AG 5. GTX Hanex Plastic Sp. 6. Dunmore Corporation 7. Comar LLC 8. Berry Global Inc. 9. Silgan Holdings Inc. 10. Sonoco Products Company 11. Huhtamaki OYJ 12. Nampak Limited 13. CCL Industries Inc. 14. Du Pont De Nemours and Company 15. Smurfit Kappa Group PLC

FAQ:

1] What segments are covered in the PET Packaging Market report? Ans. The segments covered in the PET Packaging Market report are based on Product Type, Application, and Fuel Type. 2] Which region is expected to hold the highest share in the PET Packaging Market? Ans. Asia Pacific Region is expected to hold the highest share in the PET Packaging Market. 3] What is the market size of the PET Packaging Market by 2029? Ans. The market size of PET Packaging Market by 2029 is US $ 92.03 Bn. 4] Who are the top key players in the PET Packaging Market? Ans. Amcor Limited, Graham Packaging Company, Resilux NV, Gerresheimer AG, GTX Hanex Plastic Sp., Dunmore Corporation, Comar LLC, Berry Global Inc., Silgan Holdings Inc., Sonoco Products Company, Huhtamaki OYJ, Nampak Limited, CCL Industries Inc., Du Pont De Nemours and Company, Smurfit Kappa Group PLC. 5] What was the market size of the PET Packaging Market in 2022? Ans. The market size of the PET Packaging Market in 2022 was US $40.85 Bn.
1. Global PET Packaging Market: Research Methodology 2. Global PET Packaging Market: Executive Summary 2.1. Market Overview and Definitions 2.1.1. Introduction to Global PET Packaging Market 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Global PET Packaging Market: Competitive Analysis 3.1. MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2. Consolidation in the Market 3.2.1 M&A by region 3.3. Key Developments by Companies 3.4. Market Drivers 3.5. Market Restraints 3.6. Market Opportunities 3.7. Market Challenges 3.8. Market Dynamics 3.9. PORTERS Five Forces Analysis 3.10. PESTLE 3.11. Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • Latin America 3.12. COVID-19 Impact 4. Global PET Packaging Market Segmentation 4.1. Global PET Packaging Market, by Product (2022-2029) • Bottle and Jars • Bags and Pouches • Trays • Others 4.2. Global PET Packaging Market, by Packaging (2022-2029) • Rigid • Flexible 4.3. Global PET Packaging Market, by End-Use (2022-2029) • Water • Carbonated Soft Drinks • Non- Foods • Other drinks • Food • Thermoforming 5. North America PET Packaging Market(2022-2029) 5.1. Global PET Packaging Market, by Product (2022-2029) • Bottle and Jars • Bags and Pouches • Trays • Others 5.2. Global PET Packaging Market, by Packaging (2022-2029) • Rigid • Flexible 5.3. Global PET Packaging Market, by End-Use (2022-2029) • Water • Carbonated Soft Drinks • Non- Foods • Other drinks • Food • Thermoforming 5.4. North America PET Packaging Market, by Country (2022-2029) • United States • Canada • Mexico 6. European PET Packaging Market (2022-2029) 6.1. European PET Packaging Market, by Product (2022-2029) 6.2. European PET Packaging Market, by Packaging (2022-2029) 6.3. European PET Packaging Market, by End-Use (2022-2029) 6.4. European PET Packaging Market, by Country (2022-2029) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific PET Packaging Market (2022-2029) 7.1. Asia Pacific PET Packaging Market, by Product (2022-2029) 7.2. Asia Pacific PET Packaging Market, by Packaging (2022-2029) 7.3. Asia Pacific PET Packaging Market, by End-Use (2022-2029) 7.4. Asia Pacific PET Packaging Market, by Country (2022-2029) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. Middle East and Africa PET Packaging Market (2022-2029) 8.1. Middle East and Africa PET Packaging Market, by Product (2022-2029) 8.2. Middle East and Africa PET Packaging Market, by Packaging (2022-2029) 8.3. Middle East and Africa PET Packaging Market, by End-Use (2022-2029) 8.4. Middle East and Africa PET Packaging Market, by Country (2022-2029) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. Latin America PET Packaging Market (2022-2029) 9.1. Latin America PET Packaging Market, by Product (2022-2029) 9.2. Latin America PET Packaging Market, by Packaging (2022-2029) 9.3. Latin America PET Packaging Market, by End-Use (2022-2029) 9.4. Latin America PET Packaging Market, by Country (2022-2029) • Brazil • Argentina • Rest Of Latin America 10. Company Profile: Key players 10.1. Amcor Limited 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2. Graham Packaging Company 10.3. Resilux NV 10.4. Gerresheimer AG 10.5. GTX Hanex Plastic Sp. 10.6. Dunmore Corporation 10.7. Comar LLC 10.8. Berry Global Inc. 10.9. Silgan Holdings Inc. 10.10. Sonoco Products Company 10.11. Huhtamaki OYJ 10.12. Nampak Limited 10.13. CCL Industries Inc. 10.14. Du Pont De Nemours and Company 10.15. Smurfit Kappa Group PLC
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