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PET Packaging Market Share, By Top 10 Countries

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Rohna Patnakar
PET Packaging Market Share, By Top 10 Countries

The report "PET Packaging Market by Form (Amorphous PET, Crystalline PET), Pack type (Bottles & jars, Bags & pouches, Trays, Lids/Caps & closures, others), Filling Technology (Hot fill, Cold fill, Aseptic fill, others), Packaging Type (Rigid, Flexible), End-use industry - Forecast to 2021".

Browse 197 market data tables with 74 figures spread through 250 pages and in-depth TOC on "PET Packaging Market”.

 

Food segment is projected to grow at the fastest rate during the forecast period

The PET packaging market is segmented on the basis of end-use industry into food, beverage, personal care, household products, pharmaceutical, and others which include consumer durables. In 2015, the food segment accounted for the largest share of the end-use industry segment and it is projected to grow at a highest CAGR during the forecast period. To maintain the shelf quality of the food and to deal with external environment conditions, PET packaging is highly preferred because of its resistance to chemical, acid, and oil. Additionally, the hot-sealable property of PET helps to manufacture the seal-tight lids and caps. It also plays a crucial role in transportation and logistics because of the light weight.

Asia-Pacific to play a key role in the market for PET packaging

On the basis of key regions, the market for PET packaging is segmented into North America, Europe, Asia-Pacific, and Rest of the World (RoW). The low labor costs, excellent industrialization, a huge scope for FDI, emerging economic conditions, and an excellent hold on industries such as food, retail, beverage, construction, and pharmaceutical & healthcare have played a key role in the growth of the market for PET packaging in the Asia-Pacific region.

 

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Rising demand in industries such as food, beverage, healthcare & pharmaceutical, and personal care, in line with a focus on adapting latest technologies and processes to foster the way of business operations in a variety of industries in countries such as Japan and India are making Asia-Pacific the fastest-growing market for PET packaging.

The PET packaging market is segmented, on the basis of end-use industry, into food, beverages, personal care & cosmetics, household products, pharmaceuticals, and others. The food segment held the largest share, in terms of value, in 2015 and the beverage segment is projected to grow at the highest CAGR during the forecast period.

On the basis of pack type, the bottles & jars segment held the largest share, in terms of value, in 2015 and is projected to grow at the highest CAGR, as bottles and jars are highly preferred to store food, beverages, and other consumables without contaminating the same.

They also perform exceptional in conditions such as temperature, humidity, oxygen & carbon dioxide levels, and water level in perishable goods. Along with the same, PET packaging is highly used in logistics & transportation because of its light weight.

 

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