Polyethylene Terephthalate (PET) Packaging Market
Global Polyethylene Terephthalate (PET) Packaging Market Size, Share & Trends Analysis Report, By Product Type (Bottles and Jars, Bags and Pouches, Trays, Lids/Caps and Closures, and Others), By Packaging (Rigid and Flexible), By End-User (Food and Beverage, Pharmaceuticals, Personal Care, and Cosmetics, Industrial Goods, Household Products, and Others), Forecast Period (2021-2027) Update Available - Forecast 2024-2030
The global polyethylene terephthalate (PET) packaging market is expected to grow at a CAGR of nearly 6% during the forecast period. The growth is attributed to the constant increase in demand from various end-use industries including beverages, food, pharmaceuticals, personal care & cosmetics, and others. Further, increasing the use of PET packaging as a replacement for metal and glass containers is also likely to boost market growth. PET packaging is also in high demand owing to the growing demand for customized and different-sized packaging for consumer convenience and brand differentiation. Furthermore, the market growth is fuelled by widespread product adoption coupled with low production and shipping costs, minimum solid waste and storage requirements, and ease of transportation. Several beverage companies are investing in projects aimed at creating low-cost PET bottles to gain significant benefits by attracting a greater number of customers. The increase in demand for the packaging of carbonated beverages using PET is further boosting the growth of the market. However, PET is produced using raw materials such as crude oil. The constant fluctuation in the prices of crude oil is projected to restrain the growth of the market.
Segmental Outlook
The market is segmented based on product type, packaging, and end-user. Based on the product type, the market is classified into bottles and jars, bags and pouches, trays, and lids/caps and closures, and others. Based on the packaging, the market is classified into rigid and flexible. Based on end-user, the market is segregated into food and beverage, pharmaceuticals, personal care and cosmetics, industrial goods, household products, and others.
Global Polyethylene Terephthalate (PET) Packaging Market Share by Product Type, 2020 (%)
Bottles and Jars Holds Dominating Position in the Market
Among product type, bottles and jars segment is estimated to hold dominating position in the market as PET is often used in food packaging owing to its strong barrier properties against water vapor, dilute acids, alcohols, and oils. PET is also shatter-resistant, moderately flexible, and easy to recycle. Moreover, the emerging e-commerce industry across the globe is also contributing significantly to the market growth as transporting PET bottles and jars is easy from a logistics point of view. Moreover, PET bottles are lightweight and do not require additional care, the cost of transportation is significantly reduced. Therefore, the growing inclination of people towards e-commerce is expected to boost the market growth during the forecast period.
Regional Outlook
Geographically, the global PET packaging market is classified into four major regions including North America (the US and Canada), Europe (UK, Germany, France, Italy, Spain, and Rest of Europe), Asia-Pacific (India, China, Japan, and Rest of Asia-Pacific), and Rest of the World (Latin America and the Middle East and Africa (MEA)). North America is one of the key regions contributing to the market growth. It is one of the crucial pet food packaging markets owing to the presence of large packaging companies, such as Amcor Ltd and Mondi PLC. According to the Flexible Packaging Association, flexible packaging represents approximately 19% of the total $177 billion US packaging industry. Pet food, in particular, adopted flexible packaging in large numbers, owing to convenience factors, such as pouch packaging, fitments for pet food, and innovative slider closures. According to the American Pet Products Association, pet product sales on online channels increased by 57% in the US from 2018 to 2019. This, in turn, is also leveraging the market growth in the region.
Global Polyethylene Terephthalate (PET) Packaging Market Growth, by region 2021-2027
Asia-Pacific to Witness Significant Growth in the Global Polyethylene Terephthalate (PET) Packaging Market
Geographically, Asia-Pacific is projected to hold a significant growth in the market. China is one of the largest consumers of PET globally owing to the abundant availability of raw materials and low cost of production that supports the production growth of the engineering plastics, such as PET, in the country. Moreover, the use of PET products in the packaging sector is increasing at a tremendous rate, owing to their benefits over conventional packaging plastics. The increasing demand from industries such as consumer goods, food and beverage, and others for packaging materials is growing in China owing to the rise in exports and domestic consumption. Similarly, the growing demand for high-quality water and health-conscious drinking patterns are predicted to boost bottled water use, which would have a direct influence on the region's packaging market. According to DCC China, bottled water consumption in China was predicted to exceed 49 million metric tons by 2020.
Market Players Outlook
The key players in the PET packaging market contribute significantly by providing different types of products and increasing their geographical presence across the globe. Gerresheimer AG, Amcor plc, Berry Global, Inc., and Graham Packaging Co., among others. These market players adopt various strategies such as product launches, partnerships, collaborations, mergers, and acquisitions to sustain in a strong position in the market. For instance, in November 2020, Amcor developed the lightest 900-ml PET bottle for edible oil in Brazil with the support of advanced technology and design technology. This new bottle for Bunge’s Oleo de soja Soya brand represents Amcor’s entry into the edible oil market in Brazil. Additionally, this new bottle is a huge technological achievement as they were able to replicate the current bottle’s shape and specifications at a lighter weight.
The Report Covers
• Market value data analysis of 2020 and forecast to 2027.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global PET packaging market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market entry and market expansion strategies.
• Competitive strategies by identifying 'who-stands-where in the market.
1. Report Summary
1.1. Research Methods and Tools
• Current Industry Analysis and Growth Potential Outlook
• Impact of COVID-19 on the Global Polyethylene Terephthalate (PET) Packaging Industry
• Recovery Scenario of Global Polyethylene Terephthalate (PET) Packaging Industry
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Geography
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Competitive Dashboard
3.2. Key Strategy Analysis
3.3. Key Company Analysis
3.3.1.1. Overview
3.3.1.2. Financial Analysis
3.3.1.3. SWOT Analysis
3.3.1.4. Recent Developments
3.4. Impact of COVID-19 on key players
4. Market Determinants
4.1. Motivators
4.2. Restraints
4.3. Opportunities
5. Market Segmentation
5.1. Global Polyethylene Terephthalate (PET) Packaging Market by Product Type
5.1.1. Bottles and Jars
5.1.2. Bags and Pouches
5.1.3. Trays
5.1.4. Lids/Caps and Closures
5.1.5. Others
5.2. Global Polyethylene Terephthalate (PET) Packaging Market by Packaging
5.2.1. Rigid
5.2.2. Flexible
5.3. Global Polyethylene Terephthalate (PET) Packaging Market by End-User
5.3.1. Food and Beverage
5.3.2. Pharmaceuticals
5.3.3. Personal care and Cosmetics
5.3.4. Industrial Goods
5.3.5. Household Products
5.3.6. Others (Consumer Durables)
6. Regional Analysis
6.1. North America
6.1.1. US
6.1.2. Canada
6.2. Europe
6.2.1. UK
6.2.2. Germany
6.2.3. Italy
6.2.4. Spain
6.2.5. France
6.2.6. Rest of Europe
6.3. Asia-Pacific
6.3.1. China
6.3.2. India
6.3.3. Japan
6.3.4. ASEAN
6.3.5. South Korea
6.3.6. Rest of Asia-Pacific
6.4. Rest of the World
7. Company Profiles
7.1. Amcor Ltd.
7.2. Berry Global Group Inc.
7.3. Comar LLC
7.4. Dunmore Corp.
7.5. Gerresheimer AG
7.6. Graham Packaging Co
7.7. GTX Hanex Plastic Sp. z o.o.
7.8. Huhtamaki OYJ
7.9. Nampak Ltd.
7.10. Resilux NV
7.11. Rexam plc
7.12. Silgan Holdings Inc.
7.13. Smurfit Kappa Group Plc
7.14. Sonoco Products Co
1. GLOBAL POLYETHYLENE TEREPHTHALATE (PET) PACKAGING MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE,2020-2027 ($ MILLION)
2. GLOBAL POLYETHYLENE TEREPHTHALATE (PET) FOR BOTTLES AND JARS PACKAGING MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
3. GLOBAL POLYETHYLENE TEREPHTHALATE (PET) FOR BAGS AND POUCHES PACKAGING MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
4. GLOBAL POLYETHYLENE TEREPHTHALATE (PET) FOR TRAYS PACKAGING MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
5. GLOBAL POLYETHYLENE TEREPHTHALATE (PET)FOR LIDS/CAPS AND CLOSURES PACKAGING MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
6. GLOBAL POLYETHYLENE TEREPHTHALATE (PET) FOR OTHER PRODUCTS PACKAGING MARKET RESEARCH AND ANALYSIS BY REGION,2020-2027 ($ MILLION)
7. GLOBAL POLYETHYLENE TEREPHTHALATE (PET) MARKET RESEARCH AND ANALYSIS BY PACKAGING, 2020-2027 ($ MILLION)
8. GLOBAL FLEXIBLE POLYETHYLENE TEREPHTHALATE (PET) PACKAGING MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
9. GLOBAL RIGID POLYETHYLENE TEREPHTHALATE (PET) PACKAGING MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
10. GLOBAL POLYETHYLENE TEREPHTHALATE (PET) MARKET RESEARCH AND ANALYSIS BY END-USER, 2020-2027 ($ MILLION)
11. GLOBAL POLYETHYLENE TEREPHTHALATE (PET) PACKAGING IN FOOD AND BEVERAGE MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
12. GLOBAL POLYETHYLENE TEREPHTHALATE (PET) PACKAGING IN PHARMACEUTICALS MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
13. GLOBAL POLYETHYLENE TEREPHTHALATE (PET) PACKAGING IN PERSONAL CARE AND COSMETICS MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
14. GLOBAL POLYETHYLENE TEREPHTHALATE (PET) PACKAGING IN INDUSTRIAL GOODS MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
15. GLOBAL POLYETHYLENE TEREPHTHALATE (PET) PACKAGING IN HOUSEHOLD PRODUCTS MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
16. GLOBAL POLYETHYLENE TEREPHTHALATE (PET) PACKAGING IN OTHER END-USERS MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
17. GLOBAL POLYETHYLENE TEREPHTHALATE (PET) PACKAGING MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2020-2027 ($ MILLION)
18. NORTH AMERICAN POLYETHYLENE TEREPHTHALATE (PET) PACKAGING MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
19. NORTH AMERICAN POLYETHYLENE TEREPHTHALATE (PET) PACKAGING MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE,2020-2027 ($ MILLION)
20. NORTH AMERICAN POLYETHYLENE TEREPHTHALATE (PET) PACKAGING MARKET RESEARCH AND ANALYSIS BY PACKAGING,2020-2027 ($ MILLION)
21. NORTH AMERICAN POLYETHYLENE TEREPHTHALATE (PET) PACKAGING MARKET RESEARCH AND ANALYSIS BY END-USER,2020-2027 ($ MILLION)
22. EUROPEAN POLYETHYLENE TEREPHTHALATE (PET) PACKAGING MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
23. EUROPEAN POLYETHYLENE TEREPHTHALATE (PET) PACKAGING MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE,2020-2027 ($ MILLION)
24. EUROPEAN POLYETHYLENE TEREPHTHALATE (PET) PACKAGING MARKET RESEARCH AND ANALYSIS BY PACKAGING,2020-2027 ($ MILLION)
25. EUROPEAN POLYETHYLENE TEREPHTHALATE (PET) PACKAGING MARKET RESEARCH AND ANALYSIS BY END-USER, 2020-2027 ($ MILLION)
26. ASIA-PACIFIC POLYETHYLENE TEREPHTHALATE (PET) PACKAGING MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
27. ASIA-PACIFIC POLYETHYLENE TEREPHTHALATE (PET) PACKAGING MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE,2020-2027 ($ MILLION)
28. ASIA-PACIFIC POLYETHYLENE TEREPHTHALATE (PET) PACKAGING MARKET RESEARCH AND ANALYSIS BY PACKAGING,2020-2027 ($ MILLION)
29. ASIA-PACIFIC POLYETHYLENE TEREPHTHALATE (PET) PACKAGING MARKET RESEARCH AND ANALYSIS BY END-USER, 2020-2027 ($ MILLION)
30. REST OF THE WORLD POLYETHYLENE TEREPHTHALATE (PET) PACKAGING MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE,2020-2027 ($ MILLION)
31. REST OF THE WORLD POLYETHYLENE TEREPHTHALATE (PET) PACKAGING MARKET RESEARCH AND ANALYSIS BY PACKAGING,2020-2027 ($ MILLION)
32. REST OF THE WORLD POLYETHYLENE TEREPHTHALATE (PET) PACKAGING MARKET RESEARCH AND ANALYSIS BY END-USER, 2020-2027 ($ MILLION)
1. IMPACT OF COVID-19 ON GLOBAL POLYETHYLENE TEREPHTHALATE (PET) PACKAGING MARKET, 2020-2027 (% MILLION)
2. IMPACT OF COVID-19 ON GLOBAL POLYETHYLENE TEREPHTHALATE (PET) PACKAGING MARKET BY SEGMENT, 2020-2027 (% MILLION)
3. RECOVERY OF GLOBAL POLYETHYLENE TEREPHTHALATE (PET) PACKAGING MARKET, 2020-2027 (%)
4. GLOBAL POLYETHYLENE TEREPHTHALATE (PET) PACKAGING MARKET SHARE BY PRODUCT TYPE,2020 VS 2027 (%)
5. GLOBAL POLYETHYLENE TEREPHTHALATE (PET) PACKAGING MARKET SHARE BY PACKAGING,2020 VS 2027 (%)
6. GLOBAL POLYETHYLENE TEREPHTHALATE (PET) PACKAGING MARKET SHARE BY END-USER, 2020 VS 2027 (%)
7. GLOBAL POLYETHYLENE TEREPHTHALATE (PET) PACKAGING FOR BOTTLES AND JARS MARKET SIZE, 2020-2027 ($ MILLION)
8. GLOBAL POLYETHYLENE TEREPHTHALATE (PET) PACKAGING FOR BAGS AND POUCHES MARKET SIZE, 2020-2027 ($ MILLION)
9. GLOBAL POLYETHYLENE TEREPHTHALATE (PET) PACKAGING FOR TRAYS MARKET SIZE, 2020-2027 ($ MILLION)
10. GLOBAL POLYETHYLENE TEREPHTHALATE (PET) PACKAGING FOR LIDS/CAPS AND CLOSURES MARKET SIZE, 2020-2027 ($ MILLION)
11. GLOBAL RIGID POLYETHYLENE TEREPHTHALATE (PET) PACKAGING MARKET SIZE, 2020-2027 ($ MILLION)
12. GLOBAL FLEXIBLE POLYETHYLENE TEREPHTHALATE (PET) PACKAGING MARKET SIZE, 2020-2027 ($ MILLION)
13. GLOBAL POLYETHYLENE TEREPHTHALATE (PET) PACKAGING IN FOOD AND BEVERAGE MARKET SIZE, 2020-2027 ($ MILLION)
14. GLOBAL POLYETHYLENE TEREPHTHALATE (PET) PACKAGING IN PHARMACEUTICALS MARKET SIZE, 2020-2027 ($ MILLION)
15. GLOBAL POLYETHYLENE TEREPHTHALATE (PET) PACKAGING IN PERSONAL CARE AND COSMETICS MARKET SIZE, 2020-2027 ($ MILLION)
16. GLOBAL POLYETHYLENE TEREPHTHALATE (PET) PACKAGING IN INDUSTRIAL GOODS MARKET SIZE, 2020-2027 ($ MILLION)
17. GLOBAL POLYETHYLENE TEREPHTHALATE (PET) PACKAGING IN HOUSEHOLD PRODUCTS MARKET SIZE, 2020-2027 ($ MILLION)
18. GLOBAL POLYETHYLENE TEREPHTHALATE (PET) PACKAGING IN OTHERSEND-USER MARKET SIZE, 2020-2027 ($ MILLION)
19. US POLYETHYLENE TEREPHTHALATE (PET) PACKAGING MARKET SIZE, 2020-2027 ($ MILLION)
20. CANADA POLYETHYLENE TEREPHTHALATE (PET) PACKAGING MARKET SIZE, 2020-2027 ($ MILLION)
21. UK POLYETHYLENE TEREPHTHALATE (PET) PACKAGING MARKET SIZE, 2020-2027 ($ MILLION)
22. FRANCE POLYETHYLENE TEREPHTHALATE (PET) PACKAGING MARKET SIZE, 2020-2027 ($ MILLION)
23. GERMANY POLYETHYLENE TEREPHTHALATE (PET) PACKAGING MARKET SIZE, 2020-2027 ($ MILLION)
24. ITALY POLYETHYLENE TEREPHTHALATE (PET) PACKAGING MARKET SIZE, 2020-2027 ($ MILLION)
25. SPAIN POLYETHYLENE TEREPHTHALATE (PET) PACKAGING MARKET SIZE, 2020-2027 ($ MILLION)
26. ROE POLYETHYLENE TEREPHTHALATE (PET) PACKAGING MARKET SIZE, 2020-2027 ($ MILLION)
27. INDIA POLYETHYLENE TEREPHTHALATE (PET) PACKAGING MARKET SIZE, 2020-2027 ($ MILLION)
28. CHINA POLYETHYLENE TEREPHTHALATE (PET) PACKAGING MARKET SIZE, 2020-2027 ($ MILLION)
29. JAPAN POLYETHYLENE TEREPHTHALATE (PET) PACKAGING MARKET SIZE, 2020-2027 ($ MILLION)
30. ASEAN POLYETHYLENE TEREPHTHALATE (PET) PACKAGING MARKET SIZE, 2020-2027 ($ MILLION)
31. SOUTH KOREA POLYETHYLENE TEREPHTHALATE (PET) PACKAGING MARKET SIZE, 2020-2027 ($ MILLION)
32. REST OF ASIA-PACIFIC POLYETHYLENE TEREPHTHALATE (PET) PACKAGING MARKET SIZE, 2020-2027 ($ MILLION)
33. REST OF THE WORLD POLYETHYLENE TEREPHTHALATE (PET) PACKAGING MARKET SIZE, 2020-2027 ($ MILLION)
