Global PET Packaging Market: Key Highlights
Global PET Packaging Market: Key Market Dynamics
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Global PET Packaging Market: Regional Overview
Asia-Pacific dominated the global PET packaging market in 2019, and it is anticipated to grow at the highest CAGR during the forecasted period. The highest growth of this region can be attributed to the increasing population, as results in growing urbanization and industrialization, low labour cost, the high scope for foreign investment with economic evolution in major emerging nations, and an excellent hold on the industries, such as food & beverages, pharmaceutical & healthcare, and construction, are playing a vital role for the enhancement of the PET packaging market in this region.
Global PET Packaging Market: Key Players Overview
DuPont is a US-based company engaged in the invention of technology-based materials, ingredients and solutions. The company server its products and solutions to electronics, transportation, building and construction, health and wellness, food industry. The Company has subsidiaries in about 70 countries worldwide and manufacturing operations in about 40 countries. In May 2020, C-P Flexible Packaging (USA) has invested DuPont’s Cyrel EASY photopolymer plate technology to enhance the company’s high-definition and expanded gamut flexographic printing capabilities.
CCL Industries is engaged in providing solutions to the home & personal care, premium food & beverage, healthcare & specialty, automotive & durables and consumer markets worldwide. The company operates four business segments namely CCL, Avery, Checkpoint and Innovia. With over 22,000 employees, the company operates 183 production plants over 43 countries globally. In November 209, CCL Industries acquired Stuck On You Holdings Pty Ltd and Stuck on You Trading Pty Ltd (collectively “SOY”) (Australia). SOY is a direct-to-consumer online digital print business expanding Avery’s presence in personalized “kids’ labels” in Australasia.
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