(MENAFNEditorial) PET Packaging Global Market Expected To Reach $81.52 Billion With 5.9% CAGR Forecast To 2022
PET PackagingIndustry
Description
Wiseguyreports.Com Adds 'PET Packaging -Market Demand, Growth, Opportunities and Analysis of Top Key Player Forecast To 2022 To Its Research Database
According to Stratistics MRC, the Global PET Packaging Market accounted for $57.78 billion in 2016 and is expected to reach $81.52 billion by 2022 growing at a CAGR of 5.9% from 2016 to 2022. Factors such as increasing demand for different-sized packs and growing focus on packaging as a significant tool for brand differentiation are favouring the growth of the PET packaging market. Moreover, growth in sectors such as food, beverage, personal care, and pharmaceutical, and rise in demand of sustainable & recyclable packaging is fueling the market. The emerging economies of Asia Pacific and Latin America hold a great potential for the PET packaging market. Volatility in raw material prices is hampering the PET packaging market.
Bottles & jars are highly chosen due to recyclability, ease and flexibility. PET packaging is ideal in the food industry because it preserves the freshness of food items and extends the shelf life. Asia-Pacific region is expected to grow at a faster pace owing to less labor costs, tremendous industrialization, a vast scope for FDI, and emerging economic conditions.
Some of the key players in the market include
Smurfit Kappa Group PLC, Rexam PLC, Resilux NV, Klöckner Pentaplast GmbH & Co. Kg, Huhtamaki Group, GTX Hanex Plastic Sp.Z O.O., Graham Packaging Company, Gerresheimer AG, E. I. Du Pont De Nemours and Company (Dupont), Dunmore, CCL Industries, Inc., Berry Plastics Group Inc. and Amcor Limited.
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Pack Types Covered:
• Trays
• Lids/Caps & Closures
• Bottles & Jars
• Bags & Pouches
• Other Pack Types
Forms Covered:
• Crystalline PET
• Amorphous PET
Packaging Types Covered:
• Flexible Packaging
• Rigid Packaging
Filling Technologies Covered:
• Aseptic Fill
• Cold Fill
• Hot Fill
• Low vaccum gravity
• High vaccum gravity
• Counter-Pressure
• Positive Pressure
• Other Filling Technologies
End Users Covered:
• Personal Care & Cosmetics
• Pharmaceuticals
• Beverage
• Food
• Households Products
• Other End Users
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Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o Rest of Asia Pacific
• Rest of the World
o Middle East
o Brazil
o Argentina
o South Africa
o Egypt
What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 6 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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