The latest report published by IMARC Group, titled “PET Packaging Market: Global Industry Trends, Size, Share, Growth, Opportunity and Forecast 2023-2028,” offers a comprehensive analysis of the industry, which comprises insights on the market share. The report also includes competitor and regional analysis, and contemporary advancements in the market. This report can serve as an excellent guide for investors, researchers, consultants, marketing strategists and all those who are planning to foray into the market in any form.
The global PET packaging market size reached US$ 74.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 99.6 Billion by 2028, exhibiting a growth rate (CAGR) of 4.9% during 2023-2028. Polyethylene terephthalate (PET) packaging refers to a type of plastic packaging made from PET resin, which is a highly recyclable material. PET packaging is widely used in the food and beverage industry due to its lightweight, transparent, and durable properties. It is commonly used to package bottled water, soft drinks, juices, and food items, such as salad dressings, condiments, and ready-to-eat meals. PET packaging offers several advantages over traditional packaging materials, including reduced transportation costs, extended shelf life, and improved product visibility. Additionally, PET packaging is eco-friendly, as it can be recycled and reused, thus reducing waste and promoting sustainability.
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PET Packaging Market Trends:
The increasing focus on sustainability and rising environmental concerns represent a key factor driving the growth of the market across the globe. This, coupled with innovations in PET packaging technology, such as biodegradable PET packaging, is acting as a major growth-inducing factor. Apart from this, the increasing demand for packaged food and beverages is contributing to the growth of the market. Other factors, such as the increasing population, urbanization, changing lifestyles, the expanding e-commerce industry, the increasing investments in the packaging industry, and the development of innovative PET packaging solutions, such as smart PET packaging and active barrier PET packaging, are creating a positive outlook for the market.
PET Packaging Market 2023-2028 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the PET packaging market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
Key Market Segmentation:
The report has segmented the global PET packaging market based on packaging type, form, pack type, filling technology, end-user and region.
Breakup by Packaging Type:
Breakup by Form:
Breakup by Pack Type:
Breakup by Filling Technology:
Breakup by End-User:
Breakup by Region:
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Key Highlights of the Report:
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