Global PET containers Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2026
MarketResearch.biz delivers in-depth insights on the global PET containers market in its upcoming report titled, “Global PET containers Market Trends, Applications, Analysis, Growth, and Forecast: 2017 to 2026”. The global PET containers market is estimated to register a CAGR of X.X% in terms of value during forecast period 2017–2026. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2026. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global PET containers market report has been segmented on the basis of container type, technology type, end use industry, and region.
This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.
Polyethylene terephthalate (PET) is a general-purpose plastic made through poly-condensation of PTA with ethylene glycol (EG). PET has a number of outstanding properties such as resistance to both heat and cold, transparency, electrical qualities, chemical proof, and abrasion proof, owing to which it is widely used in applications including fibers, PET containers, films, and others.
Increasing working population coupled with disposable income has led to high demand for convenient packaging, which is expected to propel growth of the global PET containers market. PET containers have rose to prominence, and are continuously replacing glass and aluminium packaging, which are susceptible to breakage and are not user friendly. These factors are driving growth of the global PET preforms market over the forecast period. Rampant development of the fast moving consumer goods (FMCG) sector and growth of distribution channels such hypermarkets, super markets, and others is expected to be the other key factors to boost growth of the global market over the forecast period.
However, PET is sourced from non-renewable resources such as petroleum, or natural gas, and is processed using energy-intensive techniques leaving a major carbon footprint, that degrades the fragile ecosystem. Destruction of PET bottles by incineration, pollutes air, land, and water, and exposes workers to toxic chemicals, including carcinogens. Researchers have also found that though PET bottles or containers contain no BPA (Bisphenol A) or faux-estrogen, they still pose potential health risks. These factors are expected to restrain growth of the global PET containers market to a certain extent.
Nonetheless, development of eco-friendly PET containers is expected to create lucrative business opportunities for the players in the global market.
Asia Pacific market dominates the global PET containers market in terms of revenue and is expected to maintain its dominance over the forecast period. The Asia Pacific PET containers market is expected to witness significant growth over the next 10 years. Presence of major vendors and increasing consumption of carbonated drinks, bottled water, and food items are major factors driving growth of the Asia Pacific PET containers market. The Latin America PET containers market is expected to witness considerable growth in global market and is expected to register a CAGR of X.X% over the forecast period.
Global PET containers market segmentation:
Segmentation on the basis of container type:
- Others (pails and clamshells).
Segmentation on the basis of technology type:
- Stretch blow molding
- Injection molding
- Extrusion blow molding
Segmentation on the basis of end use industry:
- Food & beverages
- Home & personal care
- Electronics & electrical industry
Segmentation on the basis of region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- Amcor Ltd.
- Aaron Packaging Inc.
- Sonoco Products Company
- Berry Global Inc.
- Alpha Packaging Inc.
- Gerresheimer AG
- Koksan AS
- Graham Packaging Company
- RETAL Industries Ltd.
- Resilux NV.
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