PET Packaging Market Research Report - Forecast to 2023
Global PET Packaging Market: by Form (Amorphous PET, Crystalline PET), Pack type (Bottles & jars, Bags & pouches, Trays, Lids/Caps & closures, others), Packaging Type (Rigid, Flexible), End-use industry, and Region - Global Forecast to 2023
Global PET Packaging Market: by Form (Amorphous PET, Crystalline PET), Pack type (Bottles & jars, Bags & pouches, Trays, Lids/Caps & closures, others), Packaging Type (Rigid, Flexible), End-use industry, and Region - Global Forecast to 2023
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<strong>PET</strong> <strong>Packaging</strong> <strong>Market</strong> <strong>Forecast</strong> To <strong>2023</strong><br />
Regional Analysis of Global <strong>PET</strong> <strong>Packaging</strong> <strong>Market</strong><br />
APAC is the fastest growing market for <strong>PET</strong> packaging, followed by North America and Europe. The share of APAC is<br />
attributed <strong>to</strong> the rapid urbanization and population growth. The emerging nations of APAC are seen as low cost regions<br />
which induces the industrial growth. This further fuels the demand for such packaging across various industries. The<br />
demand for packaged food has gone up in Asian countries due <strong>to</strong> changing lifestyles and thus the demand for packaging<br />
materials in the sec<strong>to</strong>r has increased. After the economic liberalization the growth in the plastic industry was boosted in<br />
India. Asia has become the largest and the fastest growing market for plastics in the world.
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