Market Study Report adds PET Packaging market report that gives meticulous investigation of current scenario of the market size, share, demand, growth, trends, companies active in the industry and forecasts for the coming years.
Many new trends have emerged in the market such as the availability of hot-filling products in PET bottles and aseptic cold-filling PET bottles, which increase the shelf life of the products even if they are not kept at the optimum conditions. Recycling PET for re-use after sorting, cleaning, and transforming PET containers is also becoming popular in the market.
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In terms of pack type, the bottles & jars segment accounted for the largest share in this market, in terms of both volume and value, among all pack type. The growing demand of sustainable & cost-effective packaging solutions in end-use industries such as packaged food, beverage, personal care, and pharmaceutical drives the bottles & jars segment.
In terms of region, the Asia-Pacific region is projected to grow at the highest CAGR among all the regions by 2023. This is mainly due to emerging economies in China and India and the growing industries such as healthcare & pharmaceutical, food, and beverage.
In terms of end-use industry, the market is segmented into food, beverages, personal care & cosmetics, pharmaceuticals, household products, and others. The food segment is projected to grow at the highest rate due to the increase in the demand for ready-to-eat food and packaged food.
In 2019, the market size of PET Packaging is xx million US$ and it will reach xx million US$ in 2025, growing at a CAGR of xx% from 2019; while in China, the market size is valued at xx million US$ and will increase to xx million US$ in 2025, with a CAGR of xx% during forecast period.
In this report, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for PET Packaging.
This Report has segmented the global PET Packaging market on the basis of type, product, end user and region:
PET Packaging Market Share, by Product
· Rigid packaging
· Flexible packaging
PET Packaging Market Growth, by Application
Personal care & cosmetics
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