PET Containers Market Size Estimates and Forecasts By Key Players

Dubai, UAE, 2020-Feb-20 — /EPR Network/ — Fact.MR’s Report on Global PET Containers Market

Consumption of single-serve beverages has increased considerably which positively influences the PET containers market. PET containers in different forms like bottles are used for packaging of beverages like carbonated drinks as they are eyed to be economical. The other liquids that are packed in PET bottles include bottled water and edible oil. The last decade has witnessed as surge in PET container’s demand owing to the increasing culture of ready-to-drink beverages like tea, juices and coffee in developing and developed economies. It is estimated that the volume of PET bottles used for packaging such beverages is more than 500.

Beverages segment dominates the global market with maximum PET containers on the backdrop of extensive sale of bottled water and packaged soft drinks. Ready-to-drink single serve coffee is the latest entrant in market has already captured 30% of the grocery store’s sale in US. This single serve coffee is assessed to have grown with 75% growth rate between the time periods 2007-2012.

The PET containers market study outlines the key regions – North America, Western Europe, Eastern Europe, MEA, Asia Pacific and Japan – along with the countries contributing the most in the respective regions. The report presents detailed insights about each market player, including SWOT analysis, main market information, market share, revenue, pricing and gross margin. Prominent players covered in this research are Zhongfu Enterprise Co Ltd., Indorama Ventures Public Co., Ltd., Berry Global Group, Inc., Esterform Packaging Limited, Taiwan Hon Chuan Enterprises Co., Ltd., Resilux NV, ALPLA Werke Alwin Lehner GmbH & Co KG, Plastipak Holdings, Inc. and RETAL Industries Ltd.

The PET containers market report addresses the below-mentioned queries:

• Why are vendors shifting away from traditional methods of manufacturing PET containers market?
• How does the global PET containers market looks like in the next five years?
• Which end use industry is expected to surpass segment by the end of 2028?
• What innovative products are being introduced by the players in the global PET containers market?
• Which regions are showing the fastest market growth?

APEJ leads market

Latest Fact.MR report states that the value of global PET containers market was US$ 56.2 billion by the end pf the year 2017. The market is predicted to expand 1.3 times of the current capacity in the coming years.

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APEJ is the most prominent region in global PET containers market. Countries like India and China are anticipated to have very significant development in the PET containers market during the forecast period. This growth will be on the backdrop of increased market penetration of retail outlets in the urban areas. The growth in culture of hypermarkets and super markets have surged the consumption of packaged beverages like soft drinks. Major stake holders like PepsiCo and Coca-Cola are hugely investing to enhance their production and manufacturing capacity. They are revamping and improving their supply chains to suffice the growing demand for PET containers.

On the basis of container type, the PET containers market study consists of

• Bottles
• Jars
• Pails
• Clamshells
• Trays

On the basis of end use, the PET containers market study incorporates:

• Food
• Beverages
• Home care and Personal care
• Healthcare & Pharmaceuticals
• Chemicals & Petrochemicals

Sustainability drives market growth

Demographic is shifting towards PET containers that can be sustainable. Fact.MR report predicts that sustainability will be a key driver of the PET container market during the forecast period. The coming decade is expected to be very promising for the use of these PET containers. The major factors behind the PET container’s popularity is its affordability and recyclable nature. The population in the developing nations is shifting towards drinks that are healthy and naturally made. Water containing PET container’s sale volume has witnessed more than 10% growth in the recent years in US and other regions like Germany and Italy.

National Association for PET Container Resources states that PET container’s recycling rate in the year 2014 was estimated to be 31.4%. 56.3% was the recycling rate in Europe in the year 2016. 22.5% recycling of the PET containers was a target set up by the European Union which was comfortably achieved by the EU nations in 2016.Usage of PET containers is restricted in different regions due to stringent regulations. The growing awareness regarding side-effects of plastics inhibits the growth of PET containers market.

Crucial insights in the PET containers market research:

• Underlying macro- and microeconomic factors impacting the growth of the PET containers market.
• Basic overview of the PET containers market, including market definition, classification, and applications.
• Scrutinization of each PET containers market player based on mergers & acquisitions, R&D projects, and product launches.
• Adoption trend of PET containers market across various industries.
• Important regions and countries offering lucrative opportunities to PET containers market stakeholders.

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