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Market Research Report

Global Polyethylene Terephthalate (PET) Market Analysis & Opportunity Outlook 2021

Published On : 09:40 AM, 14th September, 2017 REP-ID-131 Category: Packaging

Polyethylene Terephthalate (PET) is a polymer material and a very common category of plastic used in the packaging industry.

Global Polyethylene Terephthalate (PET) packaging market was valued at USD 50.5 Billion (amounted to around 17.2 million tones) in 2015 and projected to reach USD 21.2 Million tones making it worth USD 63.4 Billion by 2021, expanding at a compound annual growth rate (CAGR) of 5.15% over the forecast period i.e. 2015-2021.

Market Segmentation

By Product Type

On the basis of by product type, global Polyethylene Terephthalate (PET) packaging market is segmented as follows:

  • Cups
  • Bottles
  • Vials
  • Jars
  • Tubs
  • Other

By Industry

By industry end-use, global polyethylene Terephthalate (PET) packaging market can be divided into:

  • Food & Beverages
  • Healthcare And Medical
  • Cosmetics
  • FMCG Industries

By Region

Depending upon the demand by region, global polyethylene Terephthalate (PET) packaging market is segmented are as follows:

  • North America
  • Latin America
  • Western And Eastern Europe
  • Asia-Pacific
  • Row (Rest Of World)

Growth Drivers and challenges

Technology advancement, rapid growth in consumer packaged goods industry and expanded demand from beverages are expected to be the major drivers of the global polyethylene Terephthalate (PET) packaging market in the upcoming years.

In addition to this, easy to handle/convenience, un-breakable capability, and light for on-the-go use would be the growth driver of the polyethylene Terephthalate (PET) packaging market in the near future.

However, difficulties with supply of raw material, environmental issues while recycling, proper disposal techniques missing in developing countries and some concerns related to the quality of supply are projected to restrain the PET industry in the upcoming years.

In addition to this, sustainability concern regarding PET packaging is the major setback faced by the polyethylene Terephthalate (PET) packaging market.

Market Size and Forecast

During 2009 to 2013, Asia-Pacific accounted for the major share in the gobal market for PET packaging when compared to other regions such as North America and Western Europe. With 31.3% share, Asia-Pacific dominated the global PET packaging market followed by North America with 23.1% and Western Europe with 19.6% in 2014.

On the back of factors like, rising population, increase in urban cities across Asian countries and rising personal disposable income, Asia-pacific PET packaging market is envisioned to grow at a healthy rate in near future.

Key Players

Key player operating in the global polyethylene Terephthalate (PET) packaging market are as follows:

  • Amcor
  • Gepack
  • Gerresheimer
  • Graham Packaging
  • PET Power

Scope and Context

Overview of the Parent Market

Analyst View

Market Size and Growth

  • North America (U.S., Canada)
  • Latin America (Mexico, Brazil, Rest of Latin America)
  • Western and Eastern Europe (Germany, Italy, Spain, France, U.K, Benelux, Hungary, Rest Of Western Europe, Russia Poland, Rest of Eastern Europe)
  • Asia-Pacific (China, India, Singapore, Japan, Australia & New Zealand & Rest of Asia)
  • Middle East and North Africa (MENA)
  • Rest of World

Segmentation

  • By Product Type
  • By Industry
  • By Region

Market Dynamics

Supply & Demand Risk

Competitive Landscape

Porter’s Five Force Model        

Geographical Economic Activity

Key Players (respective SWOT Analysis) and their Strategies and Product Portfolio

Recent Trends and Developments

Industry Growth Drivers and Challenges

Key Information for Players to establish themselves in current dynamic environment

 

 

                       Key Answers Captured in Report?

Which geography would have better demand for product/services?
What are the strategies adopted by big players in the regional market?
Which country would see the steep rise in CAGR & year-on-year (Y-O-Y) growth?
What is the current & expected market size in next five years?
What is the market feasibility for long term investment?
What opportunity the country would offer for existing and new players in the market?
What is risk involved for suppliers in the geography?
What factors would drive the demand for the product/service in near future?
What is the impact analysis of various factors in the market growth?
What are the recent trends in the regional market and how successful they are?

 

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