Global PET Packaging Market Trends, Applications, Analysis, Growth, and Forecast to 2028

“Global PET Packaging Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global PET packaging market report has been segmented on the basis of packaging type, filling technology, end-use industry, and region.

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PET Packaging Market: Introduction

Polyethylene terephthalate (PET) is a type of polyester. It is shaped or expelled into plastic boxes and jugs for packaging of personal care items, food and refreshments, and various other consumer products. PET material possesses various packaging properties which make it superior over other conventional packaging technologies. PET packaging offers high transparency, good stability, shiny surface, high-pressure resistance, light weight, and good barrier properties.

The higher transparency and shiny surface of the PET packages provide a special appearance and provide a sophisticated image. In addition, new labeling solutions with the double-sided printed labels provide the bottle an aesthetically pleasing appearance. Furthermore, it offers limitless diversity of design owing to flexible production process. Further, it offers outstanding material qualities, thus make it virtually unbreakable. This results into no fractures while filling, using, or transporting. Even with damage, no injuries caused by the splinter parts.

PET Packaging Market: Dynamics

Increasing adoption for PET packaging across end-use industries including food & beverages and household products is a factor projected to drive the global PET packaging market growth. Rising demand of PET packaging from personal care & cosmetics is among additional factor expected to propel the global market growth in terms of revenue.

Shifting consumer preferences towards the eco-friendly and recyclable materials and ongoing technological advancements in the global PET packaging market. Increasing promotional activities for biodegradable materials for the packaging solutions. Various food & beverage manufacturers are investing into the projects which are focused on producing cost-effective PET bottles. Rising demand of packaging solutions for carbonated beverages using PET packaging. These are additional key factors estimated to drive the target market growth over the forecast period.

However, fluctuating prices of raw material is a key factor projected to restraint the global PET packaging market growth.

PET Packaging Market: Segment Analysis

Among the packaging type segments, the rigid packaging segment is projected to register highest revenue share in the global PET packaging market, owing to rising demand in end-use products including containers, trays, and bottles & jars. The revenue of the rigid packaging segment is projected to register highest CAGR.

Among the filling technology segments, the cold fill segment is estimated to register moderate revenue share in the global PET packaging market. The revenue of the hot fill segment is projected to register highest CAGR.

Among the end-use industry segments, the food & beverages segment is expected to register highest revenue share in the global PET packaging market, owing to rising adoption of packaged food and ready-to-eat food products. The food & beverages segment revenue is anticipated to register fastest CAGR.

PET Packaging Market: Region Analysis

The Asia Pacific market is projected to account for high revenue share in the global PET packaging market. Moreover, the Asia Pacific market is anticipated to register fastest revenue growth, due to rapid growth in the healthcare & pharmaceutical and food & beverage.

Global PET packaging market segmentation:

Segmentation by Packaging Type:

• Rigid Packaging
• Flexible Packaging

Segmentation by Filling Technology:

• Hot Fill
• Cold Fill
• Aseptic Fill
• Others (counter-pressure, low vacuum gravity, high vacuum gravity, and positive pressure)

Segmentation by End-Use Industry:

• Food & Beverages
• Personal Care & Cosmetics
• Household Products
• Pharmaceuticals
• Others (industrial goods and consumer durables)

Segmentation by region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa