PET Packaging Global Market 2024 - Top Companies, Industry Analysis, Growth Statistics And Outlook By 2033
The PET Packaging Global Market
Report 2024 by The Business Research Company provides market overview across
60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern
Europe, North America, South America, the Middle East, and Africa, encompassing
27 major global industries. The report presents a comprehensive analysis over a
ten-year historic period (2010-2021) and extends its insights into a ten-year
forecast period (2023-2033).
Learn More On The PET Packaging
Market:
https://www.thebusinessresearchcompany.com/report/pet-packaging-global-market-report
According to The Business Research
Company’s PET Packaging Global Market Report 2024, The pet packaging market
size has grown strongly in recent years. It will grow from $74.77 billion in
2023 to $78.89 billion in 2024 at a compound annual growth rate (CAGR) of
5.5%. The growth in the historic period can be
attributed to rise in beverage consumption, popularity in food packaging,
growth in global population, shift from glass and metal packaging, convenience
and portability, rise in single-serve packaging..
The pet packaging market size is
expected to see strong growth in the next few years. It will grow to $99.35
billion in 2028 at a compound annual growth rate (CAGR) of 5.9%. The growth in the forecast period can be attributed
to economic considerations, regulatory support for pet recycling, focus on
circular economy, shift to lightweight packaging, customization and branding,
eco-friendly initiatives by brands, health and safety considerations.. Major
trends in the forecast period include growing adoption of post-consumer
recycled (pcr) pet, innovations in barrier properties, emphasis on shelf appeal
and design, e-commerce packaging solutions, smart packaging and track-and-trace
technologies, convenience features in pet packaging..
The emerging e-commerce industry
across the globe is expected to propel the growth of the PET packaging market
going forward. E-commerce (electronic commerce) refers to the purchasing and
selling of goods and services, along with the transmission of payments and
data, over an electronic network, primarily on the internet. PET packaging
helps the e-commerce industry with the packing of food and beverage products.
For instance, according to the US Department of Commerce, the executive
department of the U.S. federal government, concerned with economic growth and
opportunity, in the first quarter of 2022, retail e-commerce sales increased by
2.4 % as compared to the first quarter of the previous year, 2021, which was
valued at $250.0 billion. Therefore, the emerging e-commerce industry across
the globe is driving the growth of the PET packaging market.
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The pet packaging market
covered in this report is segmented –
1) By Packaging Type: Rigid
packaging, Flexible packaging
2) By Pack Type: Bottles
and jars, Bags and Pouches, Trays, Lids or Caps and Closures, Other Packs (cups
and clamshells)
3) By Filling Technology:
Hot fill, Cold fill, Aseptic fill, Other Technologies (counter-pressure, low
vacuum gravity, high vacuum gravity, and positive pressure)
4) By End-Use Industry:
Food, Beverages, Personal Care and Cosmetics, Household Products,
Pharmaceuticals, Other End-Use Industries (industrial goods and consumer
durables)
Top Major Players
Amcor Limited
Resilux NV
Gerresheimer AG
Berry Global Group Inc.
Silgan Holdings Inc.
Technological advancement is a key
trend gaining popularity in the PET packaging market. Major companies operating
in the PET packaging market are developing new products with advanced
technologies to strengthen their position in the PET packaging market. For
instance, in February 2022, IonKraft, a Germany-based start-up company
operating in PET packaging introduced plasma technology, to make plastic
packaging for barrier applications in the chemical industry recyclable, and
thus replace the present multi-material solutions.
The pet packaging market report
table of contents includes:
1. Executive Summary
2. PET Packaging Market
Characteristics
3. PET Packaging Market Trends And
Strategies
4. PET Packaging Market - Macro
Economic Scenario
5. Global PET Packaging Market
Size and Growth
.........................
31. Global PET Packaging Market
Competitive Benchmarking
32. Global PET Packaging Market
Competitive Dashboard
33. Key Mergers And Acquisitions
In The PET Packaging Market
34. PET Packaging Market Future
Outlook and Potential Analysis
35. Appendix
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