Global PET Packaging Market by Type (Product, Packaging) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Due to continued demand from many end-use industries such as beverages, food and pharmaceuticals, the global polyethylene terephthalate market will see significant growth during the forecast period. Market growth will be further aided by the increasing demand for sustainable and recyclable packaging. The PET packaging market is expected to grow due to the increasing use of polyethylene Terephthalate (PET), packaging as an alternative for metal and glass containers.

PET is a thermoplastic plastic polymer made from ethylene glycol and Terephthalic Acid. These raw materials are combined into PET pellets. The pellets are heated until they become molten liquid. This allows them to be molded into any size or extruded.

PET is a lightweight, strong and clear plastic. It is used to make bottles, containers, jars and other packaging products. PET is semi-crystalline, transparent plastic that is used in its natural state to package carbonated beverages and water.

PET is a safe, light, flexible, non-toxic and easily recyclable raw material. It is widely used in the food- and beverage industry. PET is inert and does not react to food products. It is also useful in maintaining the freshness and quality of food products. Furthermore, it has excellent shatter resistance which makes it a popular material for making bottles and jars for water, carbonated beverages, and soft drinks.

PET is also used to make packaging for peanut butter, cooking oils, salad dressings, as well as personal care products like liquid hand soap, shampoo, and many other personal care and cosmetic items.

Special grades of PET are used to make food trays, lids and containers. These include Crystalline Polyethylene Terephthalate and Amorphous Polyethylene Terephthalate (APET). APET is a transparent and robust material with good resistance to shock and water. This material is used to make trays, lids, or other packaging products. CPET, on the other side, is tough, strong, and heat-resistant material that is often used in food and beverage packaging applications.

China is one of the largest countries involved in the production and distribution of PET resin. Among others, Indorama Ventures Public Company Limited and Petro China are some of the largest companies involved in the production PET resin.

The PET packaging market is segmented by packaging type, product type and end-use. The market is further segmented based on its packaging type into flexible packaging and rigid packaging. Because of its widespread use and growing popularity, the rigid packaging type will dominate the market. This is due to the fact that it is used in many industries, including the food and beverage industry for making various products like bottles, containers and bowls. Flexible packaging is expected to increase in popularity due to its many benefits, including lower production and storage costs, as well as reduced transportation costs.

The PET packaging market can be further divided by product type into bottles & containers, trays and bags & pouches as well as Lids/caps/closures. As PET is the most widely used material to produce bottles & containers for water, juices and carbonated soft drinks, the bottles & Jars segment dominates the market.

Market growth will also be aided by rising water pollution around the world. The polyethylene terephthalate market is expected to grow due to the growing demand for functional drinks, especially among younger people. The demand for PET packaging is expected to rise due to the increasing consumption of single-serve meals that can be taken with you.

The market is segmented based on its end-use. It can be divided into beverages, pharmaceuticals and personal care & cosmetics. PET packaging is expected to be dominated by the beverage segment. This segment is expected to grow due to the introduction of new beverages with functional benefits by many beverage companies and growing health consciousness among consumers.

The industry's growth is also expected to be aided by the shift towards lighter, more sustainable packaging. Further, the growing pharmaceutical industry will likely contribute to the market growth for PET packaging. PET material is used to make dropper bottles, containers, nasal spray bottles, and nasal spray bottle caps. It also makes clamshells that are used for packaging medical components and devices.

The PET packaging market can be divided by region into North America and Europe, Asia Pacific (Central & South America), Middle East & Africa, Asia Pacific, Central & South America and Asia Pacific. Due to several factors, including changing lifestyles and rising disposable income, the Asia Pacific region will likely dominate the industry.

The region's growing population of emerging economies and the growth in food, beverage and pharmaceutical industries is expected to boost PET packaging's growth. The market growth will also be aided by growing environmental concerns regarding plastic waste. PET is a recyclable material.

Gerresheimer AG and Amcor plc are prominent players in the PET packaging industry. Nampak Limited, RESILUX NV and Comar LLC are just a few of the many players in the PET packaging market. Market players are using strategies like mergers and acquisitions and expansions.

Amcor plc acquired Bemis Company, Inc., an American-based manufacturer of wide variety of packaging products for various markets, including food, beverage, pet food, among others. Amcor plc has increased its product offering through this acquisition.

Up Market Research published a new report titled “PET Packaging Market research report which is segmented by Type (Product, Packaging), By Players/Companies RESILUX NV, Sonoco Products Company, Gerresheimer AG, Graham Packaging Company, Amcor plc, Nampak Limited among others Companies operating in the market are adopting strategies such as mergers & acquisitions, Berry Global Inc, Comar LLC, GTX HANEX Plastic Sp z o o, expansions among others”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

Report Scope

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global PET Packaging Market Report Segments:

The market is segmented by Type (Product, Packaging).

PET Packaging Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the PET Packaging Market

Overview of the regional outlook of the PET Packaging Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The PET Packaging Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of PET Packaging Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Product

                2. Packaging

7. Market scenario by region, sub-region, and country.
8. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
9. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
10. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the PET Packaging Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

How you may use our products:

• Correctly Positioning New Products
• Market Entry Strategies
• Business Expansion Strategies
• Consumer Insights
• Understanding Competition Scenario
• Product & Brand Management
• Channel & Customer Management
• Identifying Appropriate Advertising Appeals

Reasons to Purchase the PET Packaging Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.