What is Pet Packaging Materials Market?
PET (polyethylene terephthalate) is a form of polyester and it is extruded or molded into plastic bottles and containers for packaging foods and beverages, personal care products and many other consumer products. PET material is strong, lightweight, non-reactive, economical and shatterproof. It is safe for personal care, food, pharmaceutical and medical applications and its safety is recognized by the health authorities of the world. PET products are 100% recyclable and it is the most recycled plastic worldwide.
The market study is being classified by Type (PET Films, PET Bottles and Others), by Application (Food and Beverages, Pharmaceutical and Medical, Personal Care, Household Products and Others) and major geographies with country level break-up.
Amcor Limited (Australia), E. I. Du Pont De Nemours and Company (United States), CCL Industries, Inc. (Canada), Resilux NV (Belgium), Smurfit Kappa Group PLC (Ireland), Masterchem Industries (United States), Rexam PLC (United Kingdom), Gerresheimer AG (Germany), Graham Packaging Company (United States) and Klöckner Pentaplast GmbH & Co. Kg (Germany) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are GTX Hanex Plastic Sp. Z O.O. (Poland), Berry Plastics Group Inc. (United States), Dunmore Corporation (United States), Huhtamäki Oyj (Finland) and PET Power B.V. (The Netherlands).
Research Analyst at AMA predicts that Global Vendors will contribute to the maximum growth of Global Pet Packaging Materials market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Pet Packaging Materials market by Type, Application and Region.
On the basis of geography, the market of Pet Packaging Materials has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Strong, Lightweight and 100% Recyclable Material
- Resistant To Attack by Microorganisms
- High Demand from End-User Industries
Market Trend
- Growing Demand for Eco-Friendly Packaging Material
Restraints
- Not Biologically Degradable Material
- Limited Sources of Fossil Fuels
Opportunities
- Increasing Demand for Packaged Food Items Worldwide
- Emerging As a Substitution for Conventional Packaging Materials
Challenges
- Various Environmental Concerns If Not Recycled
Market Leaders and some development strategies
On 3rd July 2018, Smurfit Kappa Group plc. announced that it has completed the acquisition of Reparenco, a paper and recycling business in the Netherlands.
In January 2018, Amcor Limited, global flexible and rigid packaging producer launched its new PET bottle packaging for wine manufacturers. These PET bottles are shatterproof and portable. The company’s PET wine bottles are compatible with twist-off aluminum closures and use a barrier coating technology that helps to protect the wine from oxidizing.
Key Target Audience
PET Packaging Material Manufacturers, Raw Material Suppliers/ Buyers, Distributors, Government Body & Associations and End-user