PET Material Packaging Market was valued at USD 63.4 Billion in 2022 and is projected to reach USD 82.6 Billion by 2030, growing at a CAGR of 4.0% from 2024 to 2030.
The PET material packaging market was valued at approximately USD 60 billion in 2022, with a compound annual growth rate (CAGR) of 4.5% expected from 2023 to 2028. The increasing demand for PET in various sectors such as food and beverage, healthcare, and consumer goods is driving this growth. The market’s expansion is supported by the material's advantageous properties including recyclability, durability, and cost-effectiveness. As environmental concerns rise, there is a notable shift towards sustainable packaging solutions, positioning PET as a preferable choice due to its recyclability and the development of new technologies enhancing its sustainability. The market is projected to reach around USD 80 billion by 2028, reflecting a steady upward trajectory.Opportunity analysis reveals significant growth potential in emerging markets, particularly in Asia-Pacific and Latin America. Rapid urbanization, increasing disposable incomes, and growing awareness about environmental sustainability are driving the demand for PET packaging in these regions. Additionally, advancements in recycling technologies and the implementation of stricter regulations on plastic waste management are expected to further bolster market growth. The rise in e-commerce and the increasing preference for lightweight, shatterproof, and sustainable packaging solutions are creating new opportunities for market participants. As such, the PET material packaging market is poised for considerable expansion, driven by both evolving consumer preferences and regulatory developments.
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Amcor
Gerresheimer
PET Power
Silgan
Tetra Laval
Alpha Group
Plastipak
CKS Packaging
Exopackaging
Greiner Packaging
Amcor
INOAC
Kaufman Container
Kian Joo Group
Parker Plastics
Parkway Plastics
RESILUX
Savola Plastic
Sidel International
SKS Bottle & Packaging
Snapware
Southeastern Container
Sunrise Containers
Temkin Plastics
Ultrapak
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global PET Material Packaging Market
Food
Beverages
Personal care & cosmetics
Household products
Pharmaceuticals
Others
Based on Types the Market is categorized into Below types that held the largest PET Material Packaging market share In 2023.
Rigid Packaging
Flexible Packaging
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global PET Material Packaging Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global PET Material Packaging Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global PET Material Packaging Market, By Type
6. Global PET Material Packaging Market, By Application
7. Global PET Material Packaging Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global PET Material Packaging Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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