PET Packaging Market 2022 | Share, Industry Growth, Price, Demand and Global Forecast to 2030

 PET Packaging Market trends Will Radically Change Globally in Next Eight Years

Globally, it has been found that the pet packaging market grows at a CAGR value of nearly equal to 4.90% during the market forecast period of 2022 to 2030.

Market Scenario

The global PET Packaging Market Growth, is predicted to register 5% CAGR during the forecast period (2018-2023) owing to the growing demand for packaged food items across the globe, asserts Market Research Future (MRFR).

Competitive Dashboard

The prominent players operating the global PET Packaging Market Growth, are

Berry Plastics Group Inc. (U.S.)

Amcor Limited (Australia)

Silgan Holdings (U.S.)

Rexam PLC (U.K.)

Resilux NV (Belgium)

PET Power B.V. (The Netherlands)

Graham Packaging Company (U.S.)

Dunmore Corporation (U.S.)

CCL Industries, Inc. (Canada)

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

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

Smurfit Kappa Group PLC (Ireland)

Gerresheimer AG (Germany)

Huhtamäki Oyj (Finland)

Klöckner Pentaplast GmbH & Co. Kg (Germany)

Segmental Analysis

The global PET Packaging Market Growth, has been segmented on the basis of packaging type, form, pack type, end-use industry, and region.

By mode of pack type, the PET Packaging Market Growth, has been segmented into bags & pouches, bottles & jars, lids/caps & closures, trays, and others. Among these, the bottles & jars segment is considered to dominated and is also presumed to witness a phenomenal growth during the assessment period as they are light in weight, bendable, safe, and 100% recyclable.

By mode of end-use industry, the global PET Packaging Market Growth, has been segmented into personal care & cosmetics, food & beverage, pharmaceuticals, household products, and others. Among these, the food & beverage segment acquires the major market share and is considered to witness the highest CAGR. The varying consumer preferences for healthy packaged food is stimulating the growth of PET Packaging Market Growth, in the food & beverage sector.

Regional Insights

Geographically, the PET Packaging Market Growth, spans across regions namely, Europe, North America, Asia Pacific, and Rest-of-the-World (RoW).

The European region is anticipated to expand with the highest CAGR owing to factors such as growing investment by the companies in the packaging of pharmaceutical and healthcare products. The region has also witnessed tremendous growth in the medical sector which has created lucrative opportunities for PET packaging in the healthcare sector.

The North America region is anticipated to dominate the global PET Packaging Market Growth, owing to the growing investment in research and development activities and product innovation. Moreover, the strict food safety policies in the countries of Canada and the U.S. further drive the demand for PET packaging in the food & beverage sector.

Access Full Report With Complete TOC @ PET Packaging Market Share, Growth, Trends 2030 Industry Analysis

About Market Research Future

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

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