PET Packaging Market Forecast At $83 Billion By 2030 - Eco-Friendly Packaging Solutions Presents Substantial Growth Opportunity For Bottled Water Market

(MENAFN- GlobeNewsWire - Nasdaq) Dublin, Aug. 01, 2024 (GLOBE NEWSWIRE) -- The "PET Packaging - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for PET Packaging is estimated at US$58.9 Billion in 2023 and is projected to reach US$83 Billion by 2030, growing at a CAGR of 4.4% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

Key Insights:

• Market Growth: Understand the significant growth trajectory of the PET Bottles & Jars segment, which is expected to reach US$44.4 Billion by 2030 with a CAGR of 4.8%. The PET Bags & Pouches segment is also set to grow at 4.2% CAGR for the next 8-year period.
• Regional Analysis: Gain insights into the U.S. market, estimated at $11.2 Billion in 2023, and China, forecasted to grow at an impressive 5.6% CAGR to reach $15.1 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

• Detailed Market Analysis: Access a thorough analysis of the Global PET Packaging Market, covering all major geographic regions and market segments.
• Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
• Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global PET Packaging Market.
• Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

• How is the Global PET Packaging Market expected to evolve by 2030?
• What are the main drivers and restraints affecting the market?
• Which market segments will grow the most over the forecast period?
• How will market shares for different regions and segments change by 2030?
• Who are the leading players in the market, and what are their prospects?

Report Features:

• Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
• In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
• Company Profiles: Coverage of major players such as Amcor plc, Berry Global Group Inc., CCL Industries, Inc., and more.
• Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Select Competitors (Total 95 Featured):

• Amcor plc
• Berry Global Group Inc.
• CCL Industries, Inc.
• Comar LLC
• Dunmore Corporation
• E. I. Du Pont De Nemours and Company (DuPont)
• Gerresheimer AG
• Graham Packaging Company
• GTX Hanex Plastic Sp. z.o.o.
• Huhtamaki OYJ
• Klockner Pentaplast GmbH & Co. KG
• Nampak Limited
• Resilux NV
• Silgan Holdings Inc.
• Sonoco Products Company

Key Attributes

Report Attribute	Details
No. of Pages	646
Forecast Period	2023-2030
Estimated Market Value (USD) in 2023	$58.9 Billion
Forecasted Market Value (USD) by 2030	$83 Billion
Compound Annual Growth Rate	4.4%
Regions Covered	Global

Key Topics Covered
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW

• Global Economic Update
• Here's How Inflationary Pressures Affect the Economy
• Here's What's Causing Inflationary Pressures in the Global Market
• Global Average Annual Brent Crude Oil Price (In US$ Per Barrel) for Years 2017 through 2024
• Global Inflation Rates (In %) for the Years 2019 Through 2024
• Global Economy Faces a Tough Climb Towards Recovery Made Rockier by the War, Anti-Inflation Fiscal Policies & Slower Than Desirable Easing of Inflationary Pressures: World Economic Growth Projections (Real GDP, Annual % Change) for the Years 2020 Through 2024
• Global Number of Unemployed People (In Million) for Years 2019 Through 2024
• Packaging Industry Confronts Testing Times Amidst the COVID-19 Pandemic
• Pandemic-Induced Changes Impact Flexible Packaging Market
• Competitive Scenario
• PET Packaging Innovators Use Recycled PET and Reduce Layers for Improving Packaging Sustainability
• Select Innovations and Advancements
• PET Packaging - Global Key Competitors Percentage Market Share in 2024 (E)
• Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
• PET Packaging Market to Gain by its Use in Multitude of Industries
• Global Market Prospects & Outlook
• Key Market Drivers and Restraints
• Analysis by Pack Type
• Analysis by End-Use Industry
• Regional Analysis
• Polyethylene Terephthalate (PET): An Overview
• Introduction to PET Packaging
• Recent Market Activity

2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS

• Unabated & Unrelenting Use of Plastics across Industries, Despite the Growing Urgency of Plastic Pollution, to Sustain Demand for PET Packaging Products
• Global Plastics Production (In Million Metric Tons) for Years 2015, 2017, 2019, 2021 and 2023
• Strong Demand for Flexible Packaging to Support Market Growth
• A Major Application Area for PET Films, Flexible Packaging & Its Strong Demand Patterns Opens a Parallel Avenue for Growth in Downstream Processing: Global Opportunity for Flexible Packaging (In US$ Million) for Years 2023, 2025, and 2027
• Rising Concerns for Minimizing Carbon Emission Levels Fuel Demand for Eco-Friendly PET Packaging Technologies
• End-of-Line Packaging Automation: The Benefits
• Robust Demand for Processed Foods Drives Use of PET Films in Food Packaging Applications
• The Massive Processed Food Industry Offers Opportunities on a Platter for the Use of PET Film in Food Packaging Applications: Global Market for Processed Foods (In US$ Billion) for Years 2022, 2024, 2026, 2028 and 2030
• Key Benefits of Flexible Packaging for Food Companies
• Demand for Fresh and Safe Food Drives Innovations in High Barrier Films
• Snacking Culture Pushes Up Demand for Flexible PET Packaging
• Global Snack Foods Sales in US$ Billion for the Years 2020, 2022, 2024 and 2026
• Snacking Trend Boosts Stand-up Pouches Market
• Flexible Packaging Emerges to Address Food Safety Concerns Amidst the Pandemic
• Carbios Develops Technology for Enzymatically Recycling PET for Food Packaging Applications
• Packaging Solutions for the Beverage Industry
• Global Packaged Beverages Market: Percentage Share Breakdown of Volume Consumption by Type for 2019 & 2025
• Global Beverage Packaging Market by Type (in %)
• Alcoholic Beverages Packaging Market Breakdown (in %) by Product
• Global Wine Packaging Market by Packaging Type (in %)
• Application of Polyethylene Terephthalate for Packaging Dairy Solutions Witnesses a Surge
• Introduction of Eco-Friendly Packaging Solutions Presents Substantial Growth Opportunity for Bottled Water Market
• The Course of Bottled Water: From a Rare Novelty to Million-a-Minute Consumption Rate (1600s-2018)
• Rising Awareness about Waterborne Diseases and the Need for Clean Drinking Water Fuels Growth in Bottled Water Market
• Following is a list of diseases attributed to contamination of water or food:
• The Thirsty World is an Attractive Market for Bottled Water: Global Municipal Drinking Water Demand (In Billion Cubic Meter (BCM)) for the Years 2019, 2025, and 2040
• A Dip into Packaging Trends with Implications for Global Bottled Water Market
• Packaging Innovations Stress on Recycled, Biodegradable, and Compostable Materials
• Availability of Tap Water at Lower Cost: A Major Market Restraint
• Mineral Content and Risk of Contaminants in Bottled Mineral Water, Filtered Water and Tap Water in North America and Europe
• Average Annual Cost (in $) of Bottled Water Vs Tap Water for Average US Household
• Strict Regulations Impede Market Growth
• Environmental Cost of Bottled Water and Concerns over Plastic Use: Major Growth Impediments
• Plastic Pollution Emerges as a Major Concern for Bottled Water Industry
• Bottled Water Industry: Making Efforts to be a Good Steward of Environmental Sustainability
• Pharmaceutical Industry: A Promising Application for Flexible Packaging
• Flexible Packaging for Healthcare Market Breakdown by End-Use (in %)
• PET, the Material of Choice for Pharmaceutical Product Packaging
• Plastic Packaging for Pharma Products
• Use of PET for Manufacturing Medical Devices and Packaging Witnesses a Surge
• Global Medical Devices Market Size (in US$ Billion) for the Years 2021, 2023, 2025 and 2027
• Growing Acceptance of Medical Plastics Provides the Foundation for the Rise of Plastic Films in the Healthcare Industry: Global Market for Medical Plastics (In US$ Million) for Years 2023, 2025 and 2027
• Global Medical Tubing Market Size in US$ Billion for the Years 2021, 2023, 2025 and 2027
• Common Flexible Packaging Solutions Use in Pharma Industry
• Food-Packaging Film Makers Eye Medical Devices Market
• Cosmetics and Personal Care Industry Emerges as a Promising End-Use Market for PET Packaging Solutions
• Personal Care Companies Show Inclination Towards Sustainable Packaging Products
• Cosmetics Industry Increasingly Chooses Flexible Packaging Solutions
• Personal Care Industry Comes Under Stress during the Pandemic, Impacting PET Packaging Market
• Global Personal Care Market Growth Outlook (in %) for Years 2019 through 2025
• Rise in Household Products & Consumer Electronics Sales Augur Well for the Market
• Global Opportunity for Consumer Electronics (In US$ Million) for Years 2020, 2022, 2024, 2026 and 2028
• Growth of Aseptic Packaging Presents Favorable Outlook
• Progress Made in Plastic Recycling to Lessen the Environmental Burden of PET Films & Encourage Its Continued Adoption
• Encouraging Gains in Plastic Recycling Reduce the Risk of Regulatory Restrictions Being Imposed on PET Films: Global Opportunity for Plastic Recycling (In US$ Million) for Years 2023, 2025 and 2027
• Reduce-Reuse-Recycle, the Best Means for Achieving Circularity for PET/Polyester
• Favorable Demographic & Economic Trends Strengthen Market Prospects
• Ballooning Global Population
• World Population (in Thousands) by Geographic Region for the Years 2019, 2030, 2050, 2100
• Urbanization Trend
• World Urban Population in Thousands: 1950-2050P
• Burgeoning Middle Class Population
• Global Middle Class Population (In Million) by Region for the Years 2020, 2025 and 2030
• Global Middle Class Spending (US$ Trillion) by Region for the Years 2020, 2025, and 2030

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

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Attachment

• Global PET Packaging Market

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