Market Research Future published a research report on “Global PET Packaging Market Research Report- Forecast 2022” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2022.

Pune, India -- (SBWire) -- 01/24/2018 --Global PET Packaging Market Information by Type (Rigid and Flexible) Product (Bottles & jars, Bags & pouches, Lids/caps & closures, Trays, and others), Application (Food & Beverage, Pharmaceuticals, Consumer goods, Personal care, and others) and region - Forecast to 2022

Market Synopsis of PET Packaging Market

The key drivers of PET packaging are increasing foreign investment and rapid industrialization in the emerging nations. The global plastics industry is observing a continuous shift of production. Asia has become the largest and the fastest growing market for plastics in the world. The packaging industry is highly application driven. Industries such as pharmaceuticals, food & beverages, consumer goods among other utilize PET packaging in a big way. However, Food and beverages is the dominant industry due to increasing demand for packaged food items from all across the globe. The demand from the healthcare industry is also expected to drive the global PET packaging market to a large extent, after food & beverages

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Plastic leads the market by material. It is the most preferred material when it comes to packaging due to its properties such as durability, firmness, and light-weight. On the basis of region, Asia Pacific region accounts for the fastest growing market, followed by North America and Europe. The region has seen an increased consumption of PET packaging from all major industries. The global PET packaging market size was valued at around USD 53 billion in 2015 and is expected to cross USD 75.4 Billion at CAGR of approximately 5.6% by 2022.
Key Players:

Amcor Limited, Berry Plastic Group Inc., Graham Packaging, CCL Industries Inc., E. I. du Pont de Nemours and Company Smurfit Kappa Group PLC, Gerresheimer AG, Huhtamaki Group, KG Resilux NV, Klöckner Pentaplast Company and, GTX Hanex Plastic Sp. z o.o are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global PET Packaging Market.

PET Packaging Market– Competitive Analysis

Key players adopted various strategies to retain and/or expand their market share. Key strategies followed by most companies within the global PET packaging market were new product developments. Extensive research in this market has brought to light that new product development and entering into strategic partnerships and collaboration are the key strategies adopted by the major players in the global PET packaging market. This strategy has been adopted to cater to the technological requirements of the PET packaging market for both rigid and flexible packaging segment. The market is highly technology driven across all applications and thus demands regular product innovation and increased investment in R&D. Furthermore the partnerships with other players across the supply chain ensures the expanding client base as well as the market share for the companies.

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PET Packaging Market– Segmentation

The PET Packaging Market can be segmented in to 3 key dynamics for the convenience of the report and enhanced understanding;

Segmentation by Type - Rigid and Flexible

Segmentation by Product - Bottles & jars, Bags & pouches, Lids/caps & closures, Trays, and others

Segmentation by Application - Food & Beverage, Pharmaceuticals, Consumer goods, Personal care, and others

Segmentation by Regions: North America, Europe, APAC and Rest of the World.

Regional Analysis of Global PET Packaging Market

APAC is the fastest growing market for PET packaging, followed by North America and Europe. The share of APAC is attributed to the rapid urbanization and population growth. The emerging nations of APAC are seen as low cost regions which induces the industrial growth. This further fuels the demand for such packaging across various industries. The demand for packaged food has gone up in Asian countries due to changing lifestyles and thus the demand for packaging materials in the sector has increased. After the economic liberalization the growth in the plastic industry was boosted in India. Asia has become the largest and the fastest growing market for plastics in the world.

Target Audience

- Manufactures
- Raw Materials Suppliers
- Aftermarket suppliers
- Research Institute / Education Institute
- Potential Investors
- Key executive (CEO and COO) and strategy growth manager

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