06 August 2017
Visiongain’s new report PET Packaging Market Forecast 2018-2028: Forecasts and Analysis by Pack Type (Bottles & Jars, Bags & Pouches, Trays, Lids, caps & Closures, and others); Filling Technology (Hot Fill, Cold Fill, and Aseptic Fill & Others); Packaging Type (Rigid and Flexible); Application (Carbonated Soft Drinks, Water, Juices, Beer, Food Bottles & Jars, Non-food Bottles & Jars, Thermoforming, and others); End-User Industries (Food, Beverage, Personal Care & Cosmetic, Household Products, Pharmaceuticals, and Others) and Geography
Polyethylene terephthalate commonly abbreviated as PET, is one of the most commonly used thermoplastic resin for the purpose of fibres in clothing, containers for food & beverages, thermoforming for manufacturing, and as engineering resin with glass fibre. Unique feature of PET such as high strength, light weight, non-reactive, economical, and shatter proof makes it one of the widely used packaging material in the global market. PET material are most commonly used for packaging of carbonated soft drinks, water, fruit juices, beer, food products, non-food products, and others. It serves wide array of industries such as food, beverage, personal care & cosmetic, household products, pharmaceuticals, among others. PET materials for the packaging industry can be either in the form of rigid material or flexible material depending upon the application that it serves. In the industry there are three major filling technologies used for filling goods in the PET pack, they are hot-fill, cold-fill, and aseptic-fill among others. Based on pack type, PET packaging can be in the form of bottles & jars, bags & pouches, trays, Lids, Caps & closure, among others. Growth in demand for light-weight packaging material, ease in recyclability, and increased demand for packaged foods & beverages are the major factors driving the growth of the PET packaging market.
The lead analyst of the report said:
“Growing per capita income, replacement of traditional packaging materials such as glass, metal, etc. and product innovation followed by growing demand from end-user industries and increasing range of applications are major factors driving the global demand for PET packaging. However, factors such as volatility in feedstock prices may hamper the market growth.”
The PET Packaging Market is highly competitive with many different players entering the market. The report discusses selected leading companies in the market. Notable companies in the PET Packaging Market include Amcor Ltd., Gerresheimer AG, RPC Group PLC, Silgan Holdings, Tetra Laval International S.A., Graham Packaging Company, Resilux NV, Plasticpak Holdings, Inc., CKS Packaging Inc., Berry Global Inc., Huhtamaki Group and ALPLA
The report will be of value to anyone who wants to better understand the PET packaging market and its various segments. It will be useful for businesses who wish to better comprehend the part of the market they are already involved in, or those wishing to enter or expand into a different regional or technical part of the PET packaging industry.
Notes for Editors
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