The global PET packaging market poised to expand at CAGR of 5% between 2018 and 2023, finds Market Research Future (MRFR) in its latest study. PET (polyethylene terephthalate) is popular industrial raw material in the packaging industry. It is used for making plastic jugs, boxes, containers, etc. The PET packaging products find application in industries such as F&B, personal care, electronics among others.

Competitive Analysis

CCL Industries, Inc. (Canada)

Resilux NV (Belgium)

Rexam PLC (U.K.)

Graham Packaging Company (U.S.)

GTX Hanex Plastic Sp. Z O.O. (Poland)

Huhtamäki Oyj (Finland)

Silgan Holdings (U.S.)

I. Du Pont De Nemours and Company (U.S.)

PET Power B.V. (The Netherlands)

Amcor Limited (Australia)

Berry Plastics Group Inc. (U.S.)

Industry News

Indorama recently expanded its PET reclaimer in Mexico. The company has reportedly added a new recycling line which will help generate food-contact RPET out of bottles picked from landfills.

Segmental Overview

The segmental analysis of the PET Packaging Market has been conducted on the basis of pack type, packaging type, end-use industry, form and region.

On the basis of end-use industry, the market has been segmented into household products, food & beverage, pharmaceuticals, personal care & cosmetics and others. The food & beverage segment is expected to retain it top position throughout the forecast period. The growth of the packaged food industry coupled with increased preference for ready-to-eat products continues to drive the segment’s growth.

On the basis of form, the market has been segmented into crystalline PET and amorphous PET. The amorphous PET is expected to maintain its dominant position throughout the forecast period. Amorphous PET is increasingly used in PET packaging owing to water resistance, durability and robust adhesive strength of the PET material. Over the years, it has gained significant popularity in the F&B industry.

Regional Analysis

The regions covered in the MRFR’s report include Europe, North America, Asia Pacific, Latin America, Africa and the Middle East. The APAC PET packaging market is expected to witness the strongest growth during the forecast period. There are several micro and macroeconomic factors that can be linked with the growth of the packaging sector. The region has become a prime destination for packaging solution vendors. Increased demand for packaged goods, cost-benefit associated with establishing manufacturing facilities, growing foreign direct investment, and rapid growth of end-use sectors are some of the factors supporting the market growth in APAC. In terms of value, Europe and North America also make important contributions to the global PET packaging market.

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