Market Research Report
Polyethylene Terephthalate (PET) Packaging - Global Market Outlook (2017-2026)
|Published by||Stratistics Market Research Consulting||Product code||792004|
|Published||Content info||140 Pages
Delivery time: 2-3 business days
|Polyethylene Terephthalate (PET) Packaging - Global Market Outlook (2017-2026)|
|Published: January 1, 2019||Content info: 140 Pages||
According to Stratistics MRC, the Global Polyethylene Terephthalate (Polyethylene Terephthalate) Packaging Market is accounted for $55.23 billion in 2017 and is expected to reach $102.36 billion by 2026 growing at a CAGR of 7.1% during the forecast period. Increasing demand from end-use industries, shift in consumer preferences towards recyclable & eco-friendly materials and increasing demand for recycled Polyethylene Terephthalate are some factors impacting the market growth. However, lack of effectual infrastructure facilities for recycling is restricting the market growth.
Polyethylene Terephthalate Packaging are used for packing fruit juices and beverages, whereas Polyethylene Terephthalate films are used in packaging solutions for precooked meals and processed meat. Polyethylene Terephthalate (Polyethylene Terephthalate) is usually used in packaging as it acts as a tough barrier against alcohols, water vapor and diluted acids. Moreover, the nonappearance of toxicity in Polyethylene Terephthalate products that are used for packing food products is predictable to drive the market. The main benefit of Polyethylene Terephthalate over other plastic materials used for packaging is its high rate of recyclability. On the other hand, it is flexible, easy-to-recycle and shatter-resistant.
Amongst End-User, Food segment accounted for considerable market share in the global market owing to the increasing demand for ready-to-eat food and packaged food. By geography, Asia-Pacific held largest market share in the global market owing to rising economies in India and China and the rising industries such as beverage, food and healthcare & pharmaceutical.
Some of the key players in the global market are Dunmore, Rexam PLC, GTX Hanex Plastic Sp. Z O.O., Smurfit Kappa Group PLC, E. I. Du Pont De Nemours and Company (Dupont), Huhtamaki Group, CCL Industries, Inc., Graham Packaging Company, Resilux NV, Klockner Pentaplast GmbH & Co. Kg, Gerresheimer AG, Berry Plastics Group Inc., Amcor Limited, Nampak Limited and Huhtamaki OYJ.
All the customers of this report will be entitled to receive one of the following free customization options:
Note: North America, Europe, Asia Pacific, South America and Middle East & Africa are represented in above manner.