PET Packaging Market - By Packaging Type (Rigid Packaging, Flexible Packaging), By Product Type (Bottles & Jars, Bags & Pouches, Caps & Closures, Trays), By Industry Vertical & Forecast, 2023

Description

List of Tables

PET Packaging Market is anticipated to grow at a CAGR of over 5% between 2023 and 2032, owing to the increasing demand for sustainable and eco-friendly packaging solutions. PET (polyethylene terephthalate) is a highly recyclable material, aligning with the growing global focus on reducing plastic waste and promoting circular economies. The recyclability of the product adds to its popularity as a packaging choice across various industries, including food & beverages, pharmaceuticals, and personal care.

Additionally, PET packaging offers a lightweight yet durable solution, making it ideal for a wide range of products. In November 2023, Sidel launched an ultra-compact and exceptionally lightweight PET bottle designed for liquid dairy products. The material's transparency allows for product visibility. Its ability to be molded into various shapes and sizes enhances its versatility. Technological advancements in PET packaging, such as improved barrier properties and innovations in design & printing, contribute to market expansion.

The overall PET packaging industry is segmented based on packaging type, product type, industry vertical, and region.

Caps & closures segment will generate notable revenues in the forecast period, owing to they provide product safety, shelf life, and consumer convenience. With growing sustainable packaging, PET's recyclability and lightweight nature make it an attractive choice for caps and closures. The product is witnessing increased demand across various industries as manufacturers seek secure and eco-friendly packaging solutions. Additionally, advancements in cap and closure design, such as tamper-evident features and innovative dispensing mechanisms, further contribute to the segment's popularity.

Food & Beverages segment is anticipated to witness a strong CAGR throughout 2023 and 2032, as PET packaging offers an excellent combination of clarity, lightweight design, and durability. Its transparency allows consumers to visually assess the product, enhancing the overall appeal on store shelves. Moreover, PET's ability to withstand the rigors of transportation and storage ensures the integrity of the contents, ensuring an extended shelf life.

Asia Pacific PET packaging market is slated to witness decent growth rate during 2023-2032, attributed to burgeoning middle-class population in countries like China and India. The rising awareness of health and hygiene, especially post-pandemic, has fueled the demand for packaged beverages and food items. Additionally, the dynamic e-commerce landscape and the online retail of PET packaging due to its lightweight nature and resistance to breakage during transportation will stimulate the regional industry dynamics.

Product Code: 7302

Chapter 1 Methodology & Scope

1.1 Market scope & definition
1.2 Base estimates & calculations
1.3 Forecast calculation
1.4 Data Sources
- 1.4.1 Primary
- 1.4.2 Secondary
  - 1.4.2.1 Paid sources
  - 1.4.2.2 Public sources

Chapter 2 Executive Summary

2.1 PET packaging market 360 degree synopsis, 2018 - 2032
2.2 Business trends
- 2.2.1 Total addressable market (TAM), 2023-2032
2.3 Regional trends
2.4 Packaging type trends
2.5 Product type trends
2.6 Industry vertical trends

Chapter 3 PET Packaging Industry Insights

3.1 Impact on COVID-19
3.2 Russia-Ukraine war impact
3.3 Industry ecosystem analysis
3.4 Vendor matrix
3.5 Profit margin analysis
3.6 Technology & innovation landscape
3.7 Patent analysis
3.8 Key news and initiatives
3.9 Regulatory landscape
3.10 Impact forces
- 3.10.1 Growth drivers
  - 3.10.1.1 Growing demand for food and beverage products
  - 3.10.1.2 Increasing urbanization and industrialization
  - 3.10.1.3 Rising awareness about environmental sustainability
  - 3.10.1.4 Technological advancements in PET packaging
  - 3.10.1.5 Government support for PET recycling
- 3.10.2 Industry pitfalls & challenges
  - 3.10.2.1 High cost of raw materials
  - 3.10.2.2 Lack of effective infrastructure facilities for recycling
3.11 Growth potential analysis
3.12 Porter's analysis
3.13 PESTEL analysis

Chapter 4 Competitive Landscape, 2022

4.1 Introduction
4.2 Company market share, 2022
4.3 Competitive analysis of major market players, 2022
- 4.3.1 Amcor Limited
- 4.3.2 Berry Global Group Inc.
- 4.3.3 CCL Industries, Inc.
- 4.3.4 Gerresheimer AG
- 4.3.5 Huhtamaki OYJ
- 4.3.6 Silgan Holdings Inc.
- 4.3.7 Sonoco Products Company
4.4 Competitive positioning matrix, 2022
4.5 Strategic outlook matrix, 2022

Chapter 5 PET Packaging Market Estimates and Forecast, By Packaging Type 2018-2032 (USD Million)

5.1 Key trends, by packaging type
5.2 Rigid packaging
5.3 Flexible packaging

Chapter 6 PET Packaging Market Estimates and Forecast, By Product Type 2018-2032 (USD Million)

6.1 Key trends, by product type
6.2 Bottles & jars
6.3 Bags & pouches
6.4 Caps & closures
6.5 Trays
6.6 Others

Chapter 7 PET Packaging Market Estimates and Forecast, By Industry Vertical 2018-2032 (USD Million)

7.1 Key trends, by industry vertical
7.2 Food & beverages
7.3 Personal care & cosmetics
7.4 Chemicals
7.5 Electronics
7.6 Household products
7.7 Pharmaceuticals
7.8 Others

Chapter 8 PET Packaging Market Estimates and Forecast, By Region 2018-2032 (USD Million)

8.1 Key trends, by region
8.2 North America
- 8.2.1 U.S.
- 8.2.2 Canada
- 8.2.3 Rest of North America
8.3 Europe
- 8.3.1 UK
- 8.3.2 Germany
- 8.3.3 France
- 8.3.4 Italy
- 8.3.5 Spain
- 8.3.6 Rest of Europe
8.4 Asia Pacific
- 8.4.1 China
- 8.4.2 India
- 8.4.3 Japan
- 8.4.4 South Korea
- 8.4.5 ANZ
- 8.4.6 Rest of Asia Pacific
8.5 Latin America
- 8.5.1 Brazil
- 8.5.2 Mexico
- 8.5.3 Rest of Latin America
8.6 MEA
- 8.6.1 South Africa
- 8.6.2 Saudi Arabia
- 8.6.3 UAE
- 8.6.4 Rest of MEA

Chapter 9 Company Profiles (Business Overview, Financial Overview, Product Landscape, Strategic Outlook, SWOT Analysis)

9.1 Amcor Limited
9.2 Berry Plastic Group Inc.
9.3 CCL Industries, Inc.
9.4 Comar LLC
9.5 Dunmore Corporation
9.6 E.I. Du Pont De Nemours and Company
9.7 Gerresheimer AG
9.8 Graham Packaging Company
9.9 GTX Hanex Plastic Sp. z.o.o.
9.10 Huhtamaki OYJ
9.11 Klockner Pentaplast GmbH & Co. KG
9.12 Nampak Limited
9.13 Resilux NV
9.14 Rexam PLC
9.15 Silgan Holdings Inc.
9.16 Smurfit Kappa Group PLC
9.17 Sonoco Products Company