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.

Segmental Overview

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

On the basis of pack type, the market has been segmented into bags & pouches, lids/caps & closures, bottles & jars, trays and others. The bottles & Jars segment accounts for significant market share. During the assessment period, the segment is likely to exhibit a strong growth rate. Bottles & Jars remain sought-after owing their characteristics such as lightweight, safe and pliable. Moreover, most of the bottles & Jars are recyclable.

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 Size 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 Size.

Get Full report @ https://www.marketresearchfuture.com/reports/pet-packaging-market-1779