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Polyethylene terephthalate (PET or PETE) is a general-purpose thermoplastic polymer which belongs to the polyester family of polymers. Polyester resins are known for their excellent combination of properties such as mechanical, thermal, chemical resistance, and dimensional stability. Moreover, PET is one of the most recycled thermoplastics, recycled PET can be converted to fibres, fabrics, sheets for packaging and manufacturing automotive parts
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PET Packaging Market Size, Share, Investment Opportunities, Top Regions, Growth & Forecast by 2024 The Global PET Packaging Market is projected to reach a value of over USD 94.8 billion by 2027 at a CAGR of around 4.3%. Polyethylene terephthalate (PET or PETE) is a general-purpose thermoplastic polymer which belongs to the polyester family of polymers. Polyester resins are known for their excellent combination of properties such as mechanical, thermal, chemical resistance, and dimensional stability. Moreover, PET is one of the most recycled thermoplastics, recycled PET can be converted to fibres, fabrics, sheets for packaging and manufacturing automotive parts. Due to these properties, it is widely used in packaging application. Get Sample Copy of This Report @ https://www.forencisresearch.com/pet-packaging- market-sample-pdf/ PET Packaging Market: Drivers & Challenges Market Driver: Increasing Demand from Food & Beverages Industry To maintain the quality and increase the quality of the food and to deal with external environment conditions, PET packaging has been widely used due to superior characteristics including resistance of chemical, acid, and oil. Furthermore, 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 lightweight. Thus, the varying consumer preferences for healthy packaged food is boosting the growth of the PET packaging market in the food & beverage industry. Market Restraint: Fluctuating Cost of the Raw Materials Several materials such as monoethylene glycol (MEG) and purified terephthalic acid (PTA) or dimethyl terephthalate (DMT) are used for the manufacturing of PET. Volatility in the prices of these materials is a major factor likely to hamper the market growth during the forecasted
period. The fluctuating price of petroleum product due to supply and demand gap, natural disasters, production cost along with storage capacity. PET Packaging Market: Key Segments Segmentation based on the form: Amorphous PET and Crystalline PET Segmentation based on packaging type: Rigid Packaging and Flexible Packaging Segmentation based on pack type: Bottles & Jars, Bags & Pouches, Trays, Lids/Caps, Closures, and Others Segmentation based on end-users: Food & Beverages, Personal Care & Cosmetics, Household Products, and Others Segmentation based on region covers: North America, Asia-Pacific, Europe, Middle East & Africa and South America, with individual country-level analysis. Request Report Methodology On Competition On Global PET Packaging Market Here @ https://www.forencisresearch.com/pet-packaging-market-request-methodology/ List of the leading companies operating in the PET Packaging Market include: DuPont (Company Description, Company Overview, Product Synopsis, Key Developments, SWOT Analysis) CCL Industries. Amcor Plc RESILUX NV Smurfit Kappa BALL CORPORATION Silgan Plastics Gerresheimer AG Graham Packaging Company. Klöckner Pentaplast VPet Berry Global Inc. GTX HANEX Plastic Sp. z o.o.
DUNMORE Huhtamaki To Understand How COVID-19 Impact is Covered in This Report. Consult with an Analyst @ https://www.forencisresearch.com/pet-packaging-market-consult-with-an-analyst/ PET Packaging Market: Report Segmentation For the scope of the report, In-depth segmentation is offered by Forencis Research PET Packaging Market, by Form Amorphous PET Crystalline PET PET Packaging Market, by Packaging Type Rigid Packaging Flexible Packaging PET Packaging Market, by Pack Type Bottles & Jars Bags & Pouches Trays Lids/Caps & Closures Others PET Packaging Market, by End User Personal Care & Cosmetics Household Products Others PET Packaging Market by Region Asia-Pacific (China, Japan, South Korea, India, Taiwan, Rest of Asia-Pacific)
North America (US, Canada, Mexico) Europe (Germany, Russia, France, Italy, UK, Spain, The Netherlands, Rest of Europe) Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East & Africa) South America (Brazil, Argentina, Rest of South America) Purchase this Premium Industry Research Report with Analysis @ https://www.forencisresearch.com/pet-packaging-market-purchase-now/ About Forencis Research Forencis Research is a B2B market research, intelligence and advisory firm engaging in market research and consulting services across leading industries, globally. Our robust and meticulous research team provides high growth and niche syndicated reports, customized reports and consulting reports to the diverse global fortune clientele and intellectual institutions. Forencis Research database is a constantly evolving pool of reports and white paper studies which helps companies to foster accelerated revenue growth in global and regional markets. Forencis Research delivers market research and consulting reports on high growth markets to help companies dominate their competition and set themselves apart by attaining increased revenue growth. To enable exclusive insights around the target market, Forencis Research employs robust research Methodology & Design which includes data acquisition, data synthesis and data correlation, through Primary and Secondary Research. Through the obtained data, Top-down and bottom-up methods are exercised to attain and verify data sanity within the entire market. This market data is yet again correlated with Forencis Research’s internal database before presenting it in any of our final publications. These methods of data correlation and amalgamation benefit us to put forward accurate market estimates enabling our clients to transform their business, markets and most importantly their “REVENUES”. Contact Us FORENCIS RESEARCH Phone: +1 (720) 306 9020 Email:info@forencisresearch.com For more market research insights, please visit https://www.forencisresearch.com