PET Packaging Market, 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), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030
PET packaging is used to package beverages such as juice, milk, and dairy products, and is used in the packaging of consumer products. In addition to beverage packaging, PET is used to package food, cosmetics, pharmaceuticals, and household cleaning detergents.
Market Dynamics:
Growth in the PET packaging market is expected to be driven by increasing consumer awareness regarding environmentally-friendly products. Western influence is also driving the demand for customized packs in a variety of sizes. In addition, manufacturers are using packaging as a marketing tool to promote their products and brands. Moreover, the young population is prone to consume ready-to-eat foods and carbonated beverages.
On contrary, strict regulations regarding the usage of plastic in some regions is projected to hinder the market growth.
Key features of the study:
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