PET Material Packaging Market: Global Industry Analysis 2012-2016 and Opportunity Assessment 2017-2027


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Global PET Material Packaging Market: Snapshot

As the utilization of PET increments around the world, specialists get stressed over the expanding waste and its dangerous impacts on the natural environment. Since it stays unblemished perpetually (or a more drawn out time), it is constantly prudent to reuse it and use in different businesses. Up until this point, PET has been utilized effectively underway of engineered texture. It lessens generation cost extensively and keeps the earth clean. This is where eco-friendly solutions from PET packaging material market come in to the play.

Utilization of reused bottles in assembling materials is a method for reusing a compound that exists in PET containers. This method is one of the major factors that is responsible for the growth of global PET packaging material market. It is called polyethylene Terephthalate that is likewise the essential element of polyester texture. Analysts have demonstrated that utilization of PET containers brings about cost-productive assembling of texture as a result of less vitality prerequisite. Jugs produced using risky polycarbonates are not appropriate for assembling textures.

There are Two Fundamental Benefits of the Whole Process:

  1. Filaments can be delivered from the thick fluid of polyethylene Terephthalate. At the point when reused material is utilized, just 50% of the vitality is expected to arrive at the ideal state.
  2. At the point when plastic garbage gets expended for creation of new texture, it is an eco-accommodating procedure lessening strong waste from digging grounds and landfills.

Owing to these methods, the global PET packaging materials market is experiencing a major boost in recent times.

Polyethylene terephthalate (PTE) a plastic resin or polyester which is made up of a combination of two monomers such as terephthalic acid (PTA) and mono-ethylene glycol (MEG). AS per various regulating bodies, bottled water containers and food packaging must be safe and reliable for contact of food and beverages. PTE fulfills these criteria and is used in packaging of soft drinks, bottled water and numerous food items. PET material used in packaging is also bio-degradable in nature. The inclination of packaging industry to adopt green plastics has become a key trend that is expected to drive the growth of PET material market. PET has emerged as an alternative for conventional packaging materials, such as aluminum paper, glass and metal as it is light in weight and thus easy for logistics and transportation. PET containers have become a popular choice across the manufacturers as they are recyclable and reusable in nature.

Global PET Material Packaging: Drivers and Restrains

FDA and other regulatory agencies across the world has approved PET as safe material for direct contact with food and beverage for over 30 years. Countries across the world has started to promote biodegradable materials for packaging leading to the growth of PET material packaging market. Various beverage manufacturers are investing into projects which focus on producing cost-effective PET bottles to gain significant benefits by attracting a higher number of consumers. There is an increase in demand of packaging of carbonated beverages using PET thus fueling the growth of overall PET material packaging market. Currently, various new trends have emerged in the food and beverages industry such as hot-filling or cold-filling PET bottles which can still increase the shelf life of the product even if not kept in good state.

Global PET Material Packaging: Segmentation

Global PET material packaging market is segmented based on various parameters

 Based on the end use, PET material market can be segmented as

  • Food and drink

  • Personal care

  • Pharmaceutical

  • Alcoholic beverages

  • Others

Based on the products, PET material market can be segmented as

  • Bottles

  • Jars

  • Performs

  • Closures

Global PET Material Packaging: Segmentation Overview

PET material packaging market is segmented into various sectors based on its end-use, but food and beverages segment bags the highest share in the end-use industry segment and is estimated to grow at a healthy CAGR over the forecast period. Among the product segment, PET material packaging is highly used in the production of bottles which are further used in packaging of soft drinks, alcoholic beverages, pharmaceutical containers and others. 

Global PET Material Packaging: Regional Overview

Geographically, the global PET material packaging market is segmented into seven regions, namely Latin America, North America, Eastern Europe, Western Europe, Asia Pacific Excluding Japan (APEJ), Japan and the Middle East and Africa (MEA). Owing to the technological advancement and inclination of manufacturers and customers toward the use of green packaging, the market of PET material packaging in North America and Europe are expected to flourish at a healthy CAGR over the forecast period. In Asia Pacific region, the application of PET material in FMCG and other beverages segment has increased on a large scale. This increase has attributed the rise in population; there increased disposal income and their inclination towards safe packaging. Thus, Asia-Pacific region is expected to show a substantial growth rate in PET material packaging over the forecast period. There is an increase in demand of PET material in Middle-East and Africa leading to the growth of PET material packaging market. Overall, Global PET material packaging market is expected to show a healthy CAGR over the forecast period.

Global PET Material Packaging: Key Players

Some of the prominent players in PET material packaging market are Amcor Limited, CCL Industries, Inc., Gerresheimer AG, Smurfit Kappa Group PLC, Masterchem, PET Power, Berry Plastic Group Inc, Resilux NV, GTX Hanex Plastic Sp. z o.o., Klöckner Pentaplast GmbH & Co. KG.

MRR.BIZ has been compiled in-depth market research data in the report after exhaustive primary and secondary research. Our team of able, experienced in-house analysts has collated the information through personal interviews and study of industry databases, journals, and reputable paid sources.

The report provides the following information:

  • Tailwinds and headwinds molding the market’s trajectory
  • Market segments based on products, technology, and applications
  • Prospects of each segment
  • Overall current and possible future size of the market
  • Growth pace of the market
  • Competitive landscape and key players’ strategies

The main aim of the report is to:

  • Enable key stakeholder’s in the market bet right on it
  • Understand the opportunities and pitfalls awaiting them
  • Assess the overall growth scope in the near term
  • Strategize effectively with respect to production and distribution

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