Global PET Packaging Market Size study & Forecast, by Product Type (Bottles and Jars, Bags and Pouches, Trays, Lids/Caps and Closures, Other Product Types), By Packaging (Rigid, Flexible), By End-User Industry (Oil and Gas, Food and Beverage, Pharmaceutic

Global PET Packaging Market Size study & Forecast, by Product Type (Bottles and Jars, Bags and Pouches, Trays, Lids/Caps and Closures, Other Product Types), By Packaging (Rigid, Flexible), By End-User Industry (Oil and Gas, Food and Beverage, Pharmaceuticals, Personal care and cosmetic industry, Industrial goods, Household Products, Other End-user industries), and Regional Analysis, 2023-2030

Global PET Packaging Market is valued approximately USD XX billion in 2022 and is anticipated to grow with a healthy growth rate of more than 7.7% over the forecast period 2023-2030. Polyethylene terephthalate (PET/PETE) stands as a versatile chemical compound widely employed across diverse industries. From food and beverage packaging, including preserved foods and fruit juices, to healthcare, consumer goods, cosmetics, electronics, pharmaceuticals, and even cinematography, PET finds myriad applications. Its sustainability credentials are notable, as PET is environmentally friendly and poses minimal harm to ecosystems. The market growth is driven by key factors such as increase in demand in food and beverage industry, and expanding e-commerce sector.

The food and beverage industry stands as a key arena for PET packaging, finding widespread application in the packaging of various beverages, including carbonated soft drinks, juices, milk, and water. According to Statista, PET serves as the primary material for manufacturing plastic bottles used in beverages and other common products. In 2020 alone, the global demand for PET reached an impressive 27 million metric tons. Looking ahead, projections suggest a significant surge in global PET demand, with estimates indicating a rise to 42 metric tons by 2030. However, increasing regulations regarding the usage of plastic stifles market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global PET Packaging Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia Pacific is dominating region in the global PET packaging market and expected to be the fastest growing region in the forecast years, the market is lifted by its expansive consumer base and the widespread adoption of PET packaging for various food and beverage products. The burgeoning e-commerce industry in the region presents lucrative avenues for market expansion, further fueling growth prospects.

Major market player included in this report are:
Dupont de Nemours, Inc.
Amcor plc
Berry Global Group
Bischof + Klein SE & Co. KG
CCL Industries, Inc.
Clondalkin Group Holdings B.V
Comar LLC
Constantia Flexibles Group GmbH
Dunmore Corporation
Gerresheimer AG

Recent Developments in the Market:
 In January 2022, Sonoco Company responded to unprecedented inflation in crucial raw materials, transportation, packaging, labor, and other manufacturing costs by announcing a 9% increase in prices for CPET (crystallized polyethylene terephthalate) thermoformed plastic trays and bowls.
 In 2022, Berry and TotalEnergies forged a collaborative effort aimed at reducing landfill waste and enhancing the circularity of food packaging. This partnership enables Berry to access certified circular polymers from TotalEnergies, derived from an advanced recycling process for post-consumer plastic waste. This innovation facilitates Berry's integration of more recycled plastic into the packaging of its food and beverage as well as healthcare products, addressing sustainability challenges in the industry.

Global PET Packaging Market Report Scope:
 Historical Data – 2020 - 2021
 Base Year for Estimation – 2022
 Forecast period - 2023-2030
 Report Coverage - Revenue forecast, Company Ranking, ComPETitive Landscape, Growth factors, and Trends
 Segments Covered – Product Type, Packaging, End-use Industry, Region
 Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of comPETitive landscape and product offerings of key players.

The detailed segments and sub-segment of the market are explained below:

By Product Type:
Bottles and Jars
Bags and Pouches
Trays Lids And Caps
Closures
Other
By Packaging:
Rigid
Flexible
By End-use Industries:
Oil and Gas
Food and Beverage
Pharmaceuticals
Personal care and cosmetic industry
Industrial goods
Household Products
Other

By Region:

North America
U.S.
Canada

Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC

Latin America
Brazil
Mexico

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

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