Polyethylene Terephthalate (PET) round containers market is primarily attributed to rising health risks, Europe and Asia-Pacific regions is fuelling the growth of PET round containers Market, PET round containers Market is expected to register healthy CAGR during the forecast period
Albany, NY -- (SBWIRE) -- 10/18/2016 -- A new research report by Transparency Market Research highlights the rising importance and the use of polyethylene terephthalate round containers in the food and beverages industry. Polyethylene terephthalate round containers are used for packaging food products, beverages, personal care products, and various other consumer products. The use of these consumers is increasing at a significant pace in the food and beverages industry. These round containers offer complete protection and security to the products, cooking oil, sodas, peanut butter, salad dressing, liquid hand soaps, mouthwash, and many other products.
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The report, titled "Polyethylene Terephthalate (PET) round containers Market - Global Industry analysis, Size, Share, Growth, Trend and Forecast 2016 - 2024," states that the use of PET round containers is expected to increase in the global food and beverages industry in the years to come. PET containers are extensively used for storing juices, water, and many other beverages. These containers come with good chemical resistance, better gas and moisture barrier, high impact resistance, chemical resistance, high clarity, and food safety features. Considering their many features and safety elements, the PET round containers are popularly used to store food and beverages in all seasons. The consistently rising food and beverages industry is one of the primary factor benefiting the global polyethylene terephthalate (PET) round containers market.
The report on the global polyethylene terephthalate (PET) round containers market highlights the many uses of PET containers. As per the findings of the report, the polyethylene terephthalate round containers increase the shelf life of food, beverages, and many other consumer goods. The hot-sealable properties of PET round containers allow food manufacturers to keep the products seal-tight and safe. Significant growth in the global plastic market is also another factor expected to propel the global polyethylene terephthalate (PET) round containers market.
The global polyethylene terephthalate (PET) round containers market is regionally divided into Asia Pacific, Europe, North America, and Rest of the World. The plastic industry in Asia Pacific and Europe regions is expected to grow in the years to come, which is expected to create new opportunities for the key manufacturers of PET round containers. However, the demand for plastic packaging pouches is expected to increase in many emerging regions, which is a key factor limiting the growth of the global polyethylene terephthalate (PET) round containers market. The rising environmental concerns are also expected to restrict the demand for PET round containers.
By technology, the global polyethylene terephthalate (PET) round containers market is classified into blow molding process and thermoforming process. Key companies such as Clack Corporation, Canyon Plastics, Inc., Alpha Packaging, and Alameda Packaging are concentrating on using these technologies to manufacture new varieties of PET round containers.
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company's exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR's experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.