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The Asia Pacific PET packaging market size reached US$ 28.08 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 39.05 Billion by 2027, exhibiting a growth rate (CAGR) of 5.65% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Polyethylene terephthalate, commonly known as PET, is a form of polyester that can be shaped into various packaging containers, boxes and bottles. PET packaging is produced by melting pellets of PET resin and extruding the molten liquid into the desired shape depending upon the requirement of the user. PET is thermally stable, durable, and provides moisture, solvent and alcohol resistance. It also prevents degradation of the packaged contents and ensures the maintenance of quality while providing resistance to diluted alkalis and halogenated hydrocarbons. In the Asia Pacific region, manufacturers are opting for PET packaging as it helps extend the shelf-life, does not react with the product and is resistant to attacks by micro-organisms.
The Asia Pacific PET packaging market is primarily driven by the emerging trend of on-the-go food consumption and the growing demand for single-serve and small-sized products. PET packaging is popular among consumers as it is price efficient and provides value for money. It is also used for packing beauty and personal care, home care, and dog and cat food products, which is propelling the growth of the market. Additionally, the increasing sales of bottled water in countries such as India and China are also significantly impacting the market. Furthermore, the leading companies are using advanced technologies to manufacture reusable and recyclable packaging solutions. For instance, they are utilizing plasma-based coating to make PET bottles more impervious.
IMARC Group provides an analysis of the key trends in each sub-segment of the Asia Pacific PET packaging market, along with forecasts at the regional and country level from 2022-2027. Our report has categorized the market based on packaging type, form, pack type, filling technology and end user.
Breakup by Packaging Type:
Breakup by Form:
Breakup by Pack Type:
Breakup by Filling Technology:
Breakup by End User:
Breakup by Country:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
|Base Year of the Analysis||2021|
|Segment Coverage||Packaging Type, Form, Pack Type, Filling Technology, End User, Country|
|Countries Covered||China, Japan, India, South Korea, Australia, Indonesia, Others|
|Customization Scope||10% Free Customization|
|Report Price and Purchase Option||Single User License: US$ 2699
Five User License: US$ 3699
Corporate License: US$ 4699
|Post-Sale Analyst Support||10-12 Weeks|
|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
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