PET Packaging Market | COVID-19 Impact, Outlook and Future Scope Analysis till 2023
PET Packaging Market | COVID-19 Impact, Outlook and Future Scope Analysis till 2023
(firmenpresse) - PET Packaging Market Overview
The global PET packaging market poised to expand at CAGR of 5% between 2018 and 2023, finds Market Research Future (MRFR) in its latest study. PET (polyethylene terephthalate) is popular industrial raw material in the packaging industry.
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Competitive Analysis
CCL Industries, Inc. (Canada)
Resilux NV (Belgium)
Rexam PLC (U.K.)
Graham Packaging Company (U.S.)
GTX Hanex Plastic Sp. Z O.O. (Poland)
Huhtamäki Oyj (Finland)
Silgan Holdings (U.S.)
I. Du Pont De Nemours and Company (U.S.)
PET Power B.V. (The Netherlands)
Amcor Limited (Australia)
Berry Plastics Group Inc. (U.S.)
Dunmore Corporation (U.S.)
Smurfit Kappa Group PLC (Ireland)
Segmental Overview
The segmental analysis of the PET Packaging Market has been conducted on the basis of pack type, packaging type, end-use industry, form and region.
On the basis of end-use industry, the market has been segmented into household products, food & beverage, pharmaceuticals, personal care & cosmetics and others. The food & beverage segment is expected to retain it top position throughout the forecast period. The growth of the packaged food industry coupled with increased preference for ready-to-eat products continues to drive the segment’s growth.
On the basis of form, the market has been segmented into crystalline PET and amorphous PET. The amorphous PET is expected to maintain its dominant position throughout the forecast period. Amorphous PET is increasingly used in PET packaging owing to water resistance, durability and robust adhesive strength of the PET material. Over the years, it has gained significant popularity in the F&B industry.
Regional Analysis
The regions covered in the MRFR’s report include Europe, North America, Asia Pacific, Latin America, Africa and the Middle East. The APAC PET packaging market is expected to witness the strongest growth during the forecast period. There are several micro and macroeconomic factors that can be linked with the growth of the packaging sector. The region has become a prime destination for packaging solution vendors. Increased demand for packaged goods, cost-benefit associated with establishing manufacturing facilities, growing foreign direct investment, and rapid growth of end-use sectors are some of the factors supporting the market growth in APAC. In terms of value, Europe and North America also make important contributions to the global PET packaging market.
About Market Research Future
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
Unternehmensinformation / Kurzprofil:
Datum: 11.06.2020 - 08:53 Uhr
Sprache: Deutsch
News-ID 614286
Anzahl Zeichen: 3156
contact information:
Contact person: sagar
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Phone: 09876543207
Kategorie:
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Typ of Press Release: Product
type of sending: send
Date of sending: 11/6/2020
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