PET Packaging Market Key Players In Global Region With Market Share in Paper Packaging,Containers & Packaging sector Projection To 2023
Dec 3, 2019 11:10 PM ET
PET Packaging Market 2019 Report presents an in-depth outline of the marketplace with respect to the important drivers influencing the revenue graph of this enterprise domain of Paper Packaging,Containers and Packaging sector. The up-to-date tendencies of PET Packaging Market 2019 in combination with the geographical view, recompense scale, and increase graph of this erect have also been covered in this report. According to the research PET Packaging Market was valued at USD XX.XX Billion in 2019 and is expected to reach USD 12.07 billion by year 2023, at a CAGR of 3.83%.
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About PET Packaging Market:Rising popularity of lightweight packaging to emerge as major trend in the market. Increase in RandD activities, to develop new lightweight packaging to reduce wastage and enhance end-user usability, is gaining momentum. Lightweight packaging is both cost-effective and recyclable in nature. For instance, glass packaging solution is heavy. It is cumbersome to transport products packed in glasses. This packaging solution also increases the cost of production and bottling. Therefore, goods manufacturers are moving toward the adoption of lightweight plastic packaging. Consumers increasingly prefer PET bottles because of their convenience and aesthetic appearance. This is encouraging end-users, including alcoholic beverage manufacturers to adopt PET packaging. In addition to their aesthetic appearance, PET packaging also helps in reducing carbon emissions and transportation costs in the supply chain as they weigh less when compared to glass and metal containers. This is prompting alcoholic beverage manufacturers to adopt PET packaging, driving PET packaging market growth. Our research analysts have predicted that the PET packaging market will register a CAGR of close to 4% by 2023.
Market Overview
- Growth in the organized retail segment Organized retail refers to the chain of retail stores that are either entirely owned or franchised and managed by a single large corporate entity.
- The leading company, which controls all the connected retail stores, is responsible for the supply chain, and product and inventory management.
- The organized retail sector holds a dominant share of the overall retail sales in countries such as the US, the UK, and Canada.
- Volatility in raw material costs All plastics and plastic-derivative materials and products, including PET packaging, are produced from refined petroleum hydrocarbons.
- A large share of the overall production cost of PET packaging is attributed to the petroleum-based raw materials, which are refined from crude oil.
- Sometimes PET packaging may also contain other resins and binders to grant it specific material properties.
- The volatility in the market price of these raw materials is a major challenge for most of the vendors of the global PET packaging market.
- For the detailed list of factors that will drive and challenge the growth of the PET packaging market during the 2019-2023, view our report.
Competitive landscape
- The market appears to be fragmented and with the presence of several companies including Amcor and Gerresheimer the competitive environment is quite intense.
- Factors such as the rising popularity of lightweight packaging and the growth in the organized retail segment, will provide considerable growth opportunities to PET packaging manufactures.
- Amcor, Gerresheimer, RPC Group, Silgan Holdings, and Tetra Laval International are some of the major companies covered in this report..
Porter’s five forces analysis included in the report educates the buyer on the current situations along with anticipated future PET Packaging market size.
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The report splits the global PET Packaging market intothe Americas, Asia-Pacific, Europe, the Middle East, and Africa Region. The PET Packaging Market report provides a detailed analysis of the key players in the market which provides a company overview,financial overview, service offering, different strategies used by them, and comprehensive SWOT analysis of –
- Amcor, Gerresheimer, RPC Group, Silgan Holdings, Tetra Laval International
The CAGR of each segment in the PET Packaging market along with the global market (as a whole) is explained with great ease. Also, global and regional PET Packaging market supply chain analysis provides vital info about producers, distributers and key end-users in the market. It also explains import-export situations, affecting factors etc. to fully and deeply reveal market situations.
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Influencing Factors of Market:
- Market Environment:- Government Policies, Market Risks, Technological Changes,
- Market Drivers:- Progressing Demand, Cost Reduction, Market Opportunities, Limits, and Challenges.
- Market Size:- Global Size, by Type/Product Category, Applications/End Users, and By Regions/Geography.
- Key Data:- Market Size, Market Share, Product Sales Price, Growth, and Growth Rate.
This PET Packaging market research is the result of
Other Analyses:- Apart from The Aforementioned Information, Trade and Distribution Analysis for The Manufactured Industry, SWOT Analysis for New Projects and Feasibility Analysis for New Investment Are Included.
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