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
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
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<strong>PET</strong> <strong>Packaging</strong> <strong>Market</strong> <strong>Research</strong> <strong>Report</strong> By<br />
<strong>Forecast</strong> To <strong>2027</strong><br />
Industry Survey, Growth, Competitive Landscape<br />
and <strong>Forecast</strong>s <strong>to</strong> <strong>2027</strong><br />
PREPARED BY<br />
<strong>Market</strong> <strong>Research</strong> Future<br />
(Part of Wantstats <strong>Research</strong> & Media Pvt. Ltd.)
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<strong>PET</strong> <strong>Packaging</strong> <strong>Market</strong> <strong>Research</strong> <strong>Report</strong> - <strong>Forecast</strong> <strong>to</strong> <strong>2027</strong><br />
Global <strong>PET</strong> <strong>Packaging</strong> <strong>Market</strong> Information <strong>Report</strong> by End-user industry (Food, Beverages, Pharmaceuticals,<br />
Cosmetics, Household goods, and others), by Product (Bags, Bottles, Closures, Trays, Cups, and others), by<br />
Type (Amorphous, and Crystalline), and by Region - Global <strong>Forecast</strong> <strong>2027</strong><br />
The industry is driven by key fac<strong>to</strong>rs like rising population, increase in income levels and changing lifestyles. Growth<br />
prospects of end-user segments are leading <strong>to</strong> rise in the demand of the plastic packaging industry. Demand from rural<br />
sec<strong>to</strong>r for packaged products is being fuelled by the increasing media penetration through the means of internet and<br />
television. Further, India is emerging as the most favoured destination for organized retail destination in the world. And also<br />
the presence of E-commerce is expanding rapidly and is bringing around a revolution in the retail industry. Going ahead<br />
recycling & reuse of plastics will be an important step <strong>to</strong>wards fostering innovation and sustainability. Also increased<br />
awareness through help of industry groups and Government could help address some of these challenges<br />
The market for <strong>PET</strong> packaging is growing due <strong>to</strong> increasing demand in end-use industries such as food, beverage,<br />
pharmaceutical, and personal care & cosmetics. Many new trends have emerged in the market such as the availability of<br />
hot-filling products in <strong>PET</strong> bottles and aseptic cold-filling <strong>PET</strong> bottles, which increase the shelf life of the products even if<br />
they are not kept at the optimum conditions. Recycling <strong>PET</strong> for re-use after sorting, cleaning, and transforming <strong>PET</strong><br />
containers is also becoming popular in the market.<br />
<strong>Packaging</strong> plays a major role in attracting cus<strong>to</strong>mers <strong>to</strong> purchase the product. The beverage industry is the largest end-user<br />
of <strong>PET</strong> packaging. Vendors are focussing on producing advanced packaging products <strong>to</strong> prevent contamination. At present,<br />
the <strong>PET</strong> packaging market is undergoing several technological innovations <strong>to</strong> eliminate the risk of harmful substances<br />
entering in<strong>to</strong> these containers. The latest technology gaining preference among vendors is the plasma coating process,<br />
which includes the coating of <strong>PET</strong> containers with protective layers that make them less permeable.<br />
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<strong>PET</strong> <strong>Packaging</strong> <strong>Market</strong> <strong>Research</strong> <strong>Report</strong> - <strong>Forecast</strong> <strong>to</strong> <strong>2027</strong><br />
<strong>PET</strong> <strong>Packaging</strong> <strong>Market</strong> – Competitive Analysis<br />
Among all types of plastic resins, polyethylene terephthalate (<strong>PET</strong>) is most used across various industry verticals. Globally, in<br />
2015, around 26.2 million <strong>to</strong>ns of <strong>PET</strong> is used in packing and 20.5 million <strong>to</strong>ns is used in bottles only. The latest innovations<br />
in recycling technologies have made the plastic recycling process easier and more cost effective. The technologies include<br />
reliable detec<strong>to</strong>rs, sophisticated decision and recognition software that collectively enhance the productivity and accuracy<br />
of au<strong>to</strong>matic sorting of plastics.<br />
According <strong>to</strong> the Environmental Protection Agency (EPA), the current <strong>PET</strong> bottle recycling rate results in an energy savings<br />
equivalent <strong>to</strong> that consumed by 165,000 U.S. households each year. If the national <strong>PET</strong> bottle recycling rate increased by<br />
just 25 percent, we would avoid the greenhouse gas emissions equivalent <strong>to</strong> 131 million gallons of gasoline.<br />
Industry Overview:<br />
<strong>PET</strong> <strong>Packaging</strong> <strong>Market</strong> appears <strong>to</strong> be highly fragmented and competitive owning <strong>to</strong> the presence of numerous large and<br />
small players active in regional market. The key strategies traced from the analysis of recent developments of the key<br />
players include Product Launch, Agreement & Partnership, Acquisition and expansion. Strategic partnerships between Key<br />
players support the growth and expansion plans of the key players during the forecast period. On the product and sales<br />
side, companies are investing in innovation/R&D, brand building, and fostering strong relationships with cus<strong>to</strong>mers <strong>to</strong><br />
support their competitive position.<br />
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<strong>PET</strong> <strong>Packaging</strong> <strong>Market</strong> <strong>Research</strong> <strong>Report</strong> - <strong>Forecast</strong> <strong>to</strong> <strong>2027</strong><br />
<strong>PET</strong> <strong>Packaging</strong> <strong>Market</strong> – Segmentation<br />
For the convenience of the report and enhanced understanding; The <strong>PET</strong> <strong>Packaging</strong> <strong>Market</strong> is segmented in <strong>to</strong> 4key<br />
dynamics<br />
Segmentation By End-user industry - Food, Beverages, Pharmaceuticals, Cosmetics, Household goods, and others<br />
Segmentation By Product- Bags, Bottles, Closures, Trays, Cups, and others<br />
Segmentation By Type - Amorphous, and Crystalline<br />
Segmentation by Regions- Comprises regions - North America, Europe, APAC and Rest of the World.<br />
<strong>PET</strong> <strong>Packaging</strong> <strong>Market</strong> – Regional Analysis<br />
The recycling industry in Western Europe is dominated by countries such as Germany, U.K., Belgium, Sweden etc.<br />
Environmental awareness among consumers and stringent government regulations imposed are responsible for high<br />
recycling rates in the region. Various countries have implemented <strong>PET</strong> bottles returning policy including Germany, Austria,<br />
Es<strong>to</strong>nia, Denmark, Netherlands, Norway, Sweden and Switzerland.<br />
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