PET Packaging Market: Summary
The Global PET Packaging Market is projected to reach a value of over USD 94.8 billion by 2027 at a CAGR of around 4.3%.
Polyethylene terephthalate (PET or PETE) is a general-purpose thermoplastic polymer which belongs to the polyester family of polymers. Polyester resins are known for their excellent combination of properties such as mechanical, thermal, chemical resistance, and dimensional stability. Moreover, PET is one of the most recycled thermoplastics, recycled PET can be converted to fibres, fabrics, sheets for packaging and manufacturing automotive parts. Due to these properties, it is widely used in packaging application.
PET Packaging Market: Drivers & Challenges
- Increasing Demand from Food & Beverages Industry
To maintain the quality and increase the quality of the food and to deal with external environment conditions, PET packaging has been widely used due to superior characteristics including resistance of chemical, acid, and oil. Furthermore, the hot-sealable property of PET helps to manufacture the seal-tight lids and caps. It also plays a crucial role in transportation and logistics because of the lightweight. Thus, the varying consumer preferences for healthy packaged food is boosting the growth of the PET packaging market in the food & beverage industry.
- Fluctuating Cost of the Raw Materials
Several materials such as monoethylene glycol (MEG) and purified terephthalic acid (PTA) or dimethyl terephthalate (DMT) are used for the manufacturing of PET. Volatility in the prices of these materials is a major factor likely to hamper the market growth during the forecasted period. The fluctuating price of petroleum product due to supply and demand gap, natural disasters, production cost along with storage capacity.
PET Packaging Market: Key Segments
- Segmentation based on the form: Amorphous PET and Crystalline PET
- Segmentation based on packaging type: Rigid Packaging and Flexible Packaging
- Segmentation based on pack type: Bottles & Jars, Bags & Pouches, Trays, Lids/Caps, Closures, and Others
- Segmentation based on end-users: Food & Beverages, Personal Care & Cosmetics, Household Products, and Others
- Segmentation based on region covers: North America, Asia-Pacific, Europe, Middle East & Africa and South America, with individual country-level analysis.
PET Packaging Market: Report Scope
The report on the PET Packaging market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country-wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.
Historical/Estimated/Forecasted Market Size Years
Base Year for Market Calculation
2021-2027 (2021 estimated year, forecasted up to 2027)
Value (USD Billion)
Form, Material, Packaging Type, Pack Type, End-users, and Region
North America, Asia-Pacific, Europe, Middle East & Africa, South Africa
Key Companies Covered
- DuPont (Company Description, Company Overview, Product Synopsis, Key Developments, SWOT Analysis)
- CCL Industries.
- Amcor Plc
- RESILUX NV
- Smurfit Kappa
- BALL CORPORATION
- Silgan Plastics
- Gerresheimer AG
- Graham Packaging Company.
- Klöckner Pentaplast
- Berry Global Inc.
- GTX HANEX Plastic Sp. z o.o.
- Other Key Companies
PET Packaging Market: Report Segmentation
For the scope of the report, In-depth segmentation is offered by Forencis Research
PET Packaging Market, by Form
- Amorphous PET
- Crystalline PET
PET Packaging Market, by Packaging Type
- Rigid Packaging
- Flexible Packaging
PET Packaging Market, by Pack Type
- Bottles & Jars
- Bags & Pouches
- Lids/Caps & Closures
PET Packaging Market, by End User
- Personal Care & Cosmetics
- Household Products
PET Packaging Market, by Region
- North America
- South Korea
- Rest of Asia-Pacific
- Rest of Europe
- Middle East & Africa
- Saudi Arabia
- Rest of Middle East & Africa
- South America
- Rest of South America
Key Questions Answered By The Report
- What are the prominent developments affecting the market worldwide and its growth?
- What will be the impact of the developments in the market on the industry and on the market players in the future?
- What are the evolving variations of the market globally?
- What are the evolving functions of the market globally?
- What are the prominent aspects that will affect market growth globally during the study period?
- Who are the key players operating in the market across the globe?
- How are the key players leveraging in the present market scenario worldwide?
- PET Packaging Market Providers
- PET Packaging Market Solution and Services Suppliers, Distributors and Dealers
- End-Users of Varied Segments of PET Packaging Market
- Government Bodies and Intellectual Institutions
- Associations and Industrial Organizations
- Research & Consulting Service Providers
- Research & Development Organizations
- Investment Banks & Private Equity Firms
60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE PET PACKAGING MARKET STUDY