PET Packaging Market Research Report - Forecast to 2027

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Global PET Packaging Market Information Report by End-user industry (Food, Beverages, Pharmaceuticals, Cosmetics, Household goods, and others), by Product (Bags, Bottles, Closures, Trays, Cups, and others), by Type (Amorphous, and Crystalline), and by Region - Global Forecast 2027

PET Packaging Market Research Report By

Forecast To 2027

Industry Survey, Growth, Competitive Landscape

and Forecasts to 2027

PREPARED BY

Market Research Future

(Part of Wantstats Research & Media Pvt. Ltd.)


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PET Packaging Market Research Report - Forecast to 2027

Global PET Packaging Market Information Report by End-user industry (Food, Beverages, Pharmaceuticals,

Cosmetics, Household goods, and others), by Product (Bags, Bottles, Closures, Trays, Cups, and others), by

Type (Amorphous, and Crystalline), and by Region - Global Forecast 2027

The industry is driven by key factors like rising population, increase in income levels and changing lifestyles. Growth

prospects of end-user segments are leading to rise in the demand of the plastic packaging industry. Demand from rural

sector for packaged products is being fuelled by the increasing media penetration through the means of internet and

television. Further, India is emerging as the most favoured destination for organized retail destination in the world. And also

the presence of E-commerce is expanding rapidly and is bringing around a revolution in the retail industry. Going ahead

recycling & reuse of plastics will be an important step towards fostering innovation and sustainability. Also increased

awareness through help of industry groups and Government could help address some of these challenges

The market for PET packaging is growing due to increasing demand in end-use industries such as food, beverage,

pharmaceutical, and personal care & cosmetics. Many new trends have emerged in the market such as the availability of

hot-filling products in PET bottles and aseptic cold-filling PET bottles, which increase the shelf life of the products even if

they are not kept at the optimum conditions. Recycling PET for re-use after sorting, cleaning, and transforming PET

containers is also becoming popular in the market.

Packaging plays a major role in attracting customers to purchase the product. The beverage industry is the largest end-user

of PET packaging. Vendors are focussing on producing advanced packaging products to prevent contamination. At present,

the PET packaging market is undergoing several technological innovations to eliminate the risk of harmful substances

entering into these containers. The latest technology gaining preference among vendors is the plasma coating process,

which includes the coating of PET containers with protective layers that make them less permeable.

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PET Packaging Market Research Report - Forecast to 2027

PET Packaging Market – Competitive Analysis

Among all types of plastic resins, polyethylene terephthalate (PET) is most used across various industry verticals. Globally, in

2015, around 26.2 million tons of PET is used in packing and 20.5 million tons is used in bottles only. The latest innovations

in recycling technologies have made the plastic recycling process easier and more cost effective. The technologies include

reliable detectors, sophisticated decision and recognition software that collectively enhance the productivity and accuracy

of automatic sorting of plastics.

According to the Environmental Protection Agency (EPA), the current PET bottle recycling rate results in an energy savings

equivalent to that consumed by 165,000 U.S. households each year. If the national PET bottle recycling rate increased by

just 25 percent, we would avoid the greenhouse gas emissions equivalent to 131 million gallons of gasoline.

Industry Overview:

PET Packaging Market appears to be highly fragmented and competitive owning to the presence of numerous large and

small players active in regional market. The key strategies traced from the analysis of recent developments of the key

players include Product Launch, Agreement & Partnership, Acquisition and expansion. Strategic partnerships between Key

players support the growth and expansion plans of the key players during the forecast period. On the product and sales

side, companies are investing in innovation/R&D, brand building, and fostering strong relationships with customers to

support their competitive position.

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PET Packaging Market Research Report - Forecast to 2027

PET Packaging Market – Segmentation

For the convenience of the report and enhanced understanding; The PET Packaging Market is segmented in to 4key

dynamics

Segmentation By End-user industry - Food, Beverages, Pharmaceuticals, Cosmetics, Household goods, and others

Segmentation By Product- Bags, Bottles, Closures, Trays, Cups, and others

Segmentation By Type - Amorphous, and Crystalline

Segmentation by Regions- Comprises regions - North America, Europe, APAC and Rest of the World.

PET Packaging Market – Regional Analysis

The recycling industry in Western Europe is dominated by countries such as Germany, U.K., Belgium, Sweden etc.

Environmental awareness among consumers and stringent government regulations imposed are responsible for high

recycling rates in the region. Various countries have implemented PET bottles returning policy including Germany, Austria,

Estonia, Denmark, Netherlands, Norway, Sweden and Switzerland.

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