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Global PET Packaging Market to Reach US$ 95.2 Billion by 2027, Influenced by Growing Demand for Environment-Friendly Packaging

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PET Packaging Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview 2022-2027:

The global PET packaging market size reached US$ 70.4 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 95.2 Billion by 2027, exhibiting a growth rate (CAGR) of 5.07% 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, or PET, is a form of polyester that can be shaped into different packaging containers, such as boxes and bottles, depending upon the user’s requirement. PET packaging is manufactured by melting pellets of PET resin and extruding the molten liquid into desirable shapes. It is thermally stable, unbreakable, durable and resistant to microorganisms, which prevents the packaged content from degradation and ensures quality maintenance. It also exhibits high dimensional stability and resistance to moisture, solvents and alcohols, along with moderate resistance to diluted alkalis and halogenated hydrocarbons. Owing to these attributes, it is widely used in the packaging of products ranging from food and beverages, personal care products to pharmaceuticals.

 

 
 

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Growing consumer awareness for eco-friendly products, coupled with western influence, is the key factor driving the growth of the PET packaging market. Furthermore, there is an increase in the demand for customized and different-sized packs for brand differentiation. For instance, manufacturers use specific shapes, colors and designs for the packaging material as a branding tool for the product. Additionally, increasing preference for carbonated beverages and various ready-to-eat food products amongst the young population across the globe also acts as a growth-inducing factor. Some of the manufacturers are also rapidly adopting PET packaging owing to its low production and shipping costs, minimal solid waste and storage requirements, and ease of transportation. Increasing research and development (R&D) to produce reusable and recyclable packaging solutions, along with the technological advancements such as plasma-based coating that makes bottles more impervious, are also contributing to the global PET packaging market growth. 

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global PET packaging market report, along with forecasts at the global and regional 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:

 

 
 

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  • Rigid Packaging
  • Flexible Packaging
     

Breakup by Form:

  • Amorphous PET
  • Crystalline PET
     

Breakup by Pack Type:

  • Bottles and Jars
  • Bags and Pouches
  • Trays
  • Lids/Caps and Closures
  • Others
     

Breakup by Filling Technology:

  • Hot Fill
  • Cold Fill
  • Aseptic Fill
  • Others
     

Breakup by End-User:

  • Beverages Industry
    • Bottled Water
    • Carbonated Soft Drinks
    • Milk and Dairy Products
    • Juices
    • Beer
    • Others
  • Household Goods Sector
  • Food Industry
  • Pharmaceutical Industry
  • Others
     

Breakup by Region:

 

 
 

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  • Asia Pacific
  • North America
  • Europe
  • Middle East and Africa
  • Latin America


Competitive Landscape:

The global PET packaging indusrty is highly fragmented with the presence of several small and large players competing in terms of price and quality. Some of the major players in the market are:

  • Amcor plc
  • Berry Global
  • Graham Packaging Company
  • Dunmore Corporation
  • Huhtamäki Oyj
  • Resilux NV
  • E. I. du Pont de Nemours and Company
  • Silgan Holdings Inc.
  • GTX Hanex Plastic
  • Comar LLC
  • Sonoco Products Company
  • Nampak Ltd.
  • CCL Industries Inc.
  • Smurfit Kappa Group
  • Rexam PLC.


Report Coverage:

Report Features Details
Base Year of the Analysis 2021
Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Packaging Type, Form, Pack Type, Filling Technology, End-User, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Companies Covered Amcor plc, Berry Global, Graham Packaging Company, Dunmore Corporation, Huhtamäki Oyj, Resilux NV, E. I. du Pont de Nemours and Company, Silgan Holdings Inc., GTX Hanex Plastic, Comar LLC, Sonoco Products Company, Nampak Ltd., CCL Industries Inc., Smurfit Kappa Group and Rexam PLC.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
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)

1   Preface
2   Scope and Methodology
    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3   Executive Summary
4   Introduction
    4.1    Overview
    4.2    Key Industry Trends
5   Global PET Packaging Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Breakup by Packaging Type
    5.5    Market Breakup by Form
    5.6    Market Breakup by Pack Type
    5.7    Market Breakup by Filling Technology
    5.8    Market Breakup by End-User
    5.9    Market Breakup by Region
    5.10    Market Forecast
6   Market Breakup by Packaging Type 
    6.1    Rigid Packaging 
        6.1.1    Market Trends
        6.1.2    Market Forecast
    6.2    Flexible Packaging 
        6.2.1    Market Trends
        6.2.2    Market Forecast
7   Market Breakup by Form 
    7.1    Amorphous PET 
        7.1.1    Market Trends
        7.1.2    Market Forecast
    7.2    Crystalline PET 
        7.2.1    Market Trends
        7.2.2    Market Forecast
8   Market Breakup by Pack Type 
    8.1    Bottles and Jars 
        8.1.1    Market Trends
        8.1.2    Market Forecast
    8.2    Bags and Pouches 
        8.2.1    Market Trends
        8.2.2    Market Forecast
    8.3    Trays 
        8.3.1    Market Trends
        8.3.2    Market Forecast
    8.4    Lids/Caps and Closures 
        8.4.1    Market Trends
        8.4.2    Market Forecast
    8.5    Others
        8.5.1    Market Trends
        8.5.2    Market Forecast
9   Market Breakup by Filling Technology
    9.1    Hot Fill
        9.1.1    Market Trends
        9.1.2    Market Forecast
    9.2    Cold Fill 
        9.2.1    Market Trends
        9.2.2    Market Forecast
    9.3    Aseptic Fill
        9.3.1    Market Trends
        9.3.2    Market Forecast
    9.4    Others
        9.4.1    Market Trends
        9.4.2    Market Forecast
10 Market Breakup by End-User 
    10.1    Beverages Industry 
        10.1.1    Market Trends 
        10.1.2    Market Breakup by Type
                 10.1.2.1   Bottled Water
                 10.1.2.2   Carbonated Soft Drinks
                 10.1.2.3   Milk and Dairy Products
                 10.1.2.4   Juices 
                 10.1.2.5   Beer
                 10.1.2.6   Others 
        10.1.3    Market Forecast 
    10.2    Household Goods Sector 
        10.2.1    Market Trends 
        10.2.2    Market Forecast 
    10.3    Food Industry
        10.3.1    Market Trends 
        10.3.2    Market Forecast 
    10.4    Pharmaceutical Industry
        10.4.1    Market Trends
        10.4.2    Market Forecast
    10.5    Others
        10.5.1    Market Trends
        10.5.2    Market Forecast
11  Market Breakup by Region
    11.1    Asia Pacific
        11.1.1    Market Trends
        11.1.2    Market Forecast
    11.2    North America
        11.2.1    Market Trends
        11.2.2    Market Forecast
    11.3    Europe
        11.3.1    Market Trends
        11.3.2    Market Forecast
    11.4    Middle East and Africa
        11.4.1    Market Trends
        11.4.2    Market Forecast
    11.5    Latin America
        11.5.1    Market Trends
        11.5.2    Market Forecast
12  SWOT Analysis
    12.1    Overview
    12.2    Strengths
    12.3    Weaknesses
    12.4    Opportunities
    12.5    Threats
13  Value Chain Analysis
14  Porter’s Five Forces Analysis
    14.1    Overview
    14.2    Bargaining Power of Buyers
    14.3    Bargaining Power of Suppliers
    14.4    Degree of Competition
    14.5    Threat of New Entrants
    14.6    Threat of Substitutes
15  Price Analysis
16  Competitive Landscape
    16.1    Market Structure
    16.2    Key Players
    16.3    Profiles of Key Players
        16.3.1    Amcor plc 
        16.3.2    Berry Global
        16.3.3    Graham Packaging Company
        16.3.4    Dunmore Corporation
        16.3.5    Huhtamäki Oyj
        16.3.6    Resilux NV
        16.3.7    E. I. du Pont de Nemours and Company
        16.3.8    Silgan Holdings Inc.
        16.3.9    GTX Hanex Plastic
        16.3.10      Comar LLC
        16.3.11      Sonoco Products Company
        16.3.12      Nampak Ltd.
        16.3.13      CCL Industries Inc.
        16.3.14      Smurfit Kappa Group
        16.3.15      Rexam PLC.

List of Figures

Figure 1: Global: PET Packaging Market: Major Drivers and Challenges
Figure 2: Global: PET Packaging Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: PET Packaging Market: Breakup by Packaging Type (in %), 2021
Figure 4: Global: PET Packaging Market: Breakup by Form (in %), 2021
Figure 5: Global: PET Packaging Market: Breakup by Pack Type (in %), 2021
Figure 6: Global: PET Packaging Market: Breakup by Filling Technology (in %), 2021
Figure 7: Global: PET Packaging Market: Breakup by End-User (in %), 2021
Figure 8: Global: PET Packaging Market: Breakup by Region (in %), 2021
Figure 9: Global: PET Packaging Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 10: Global: PET Packaging Industry: SWOT Analysis
Figure 11: Global: PET Packaging Industry: Value Chain Analysis
Figure 12: Global: PET Packaging Industry: Porter’s Five Forces Analysis
Figure 13: Global: PET Packaging (Rigid Packaging) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: Global: PET Packaging (Rigid Packaging) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: Global: PET Packaging (Flexible Packaging) Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: Global: PET Packaging (Flexible Packaging) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: Global: PET Packaging (Amorphous PET) Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: Global: PET Packaging (Amorphous PET) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: Global: PET Packaging (Crystalline PET) Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: Global: PET Packaging (Crystalline PET) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: Global: PET Packaging (Bottles and Jars) Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: Global: PET Packaging (Bottles and Jars) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: Global: PET Packaging (Bags and Pouches) Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: Global: PET Packaging (Bags and Pouches) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: Global: PET Packaging (Trays) Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: Global: PET Packaging (Trays) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: Global: PET Packaging (Lids/Caps and Closures) Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: Global: PET Packaging (Lids/Caps and Closures) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: Global: PET Packaging (Other Pack Types) Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: Global: PET Packaging (Other Pack Types) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: Global: PET Packaging (Hot Fill) Market: Sales Value (in Million US$), 2016 & 2021
Figure 32: Global: PET Packaging (Hot Fill) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 33: Global: PET Packaging (Cold Fill) Market: Sales Value (in Million US$), 2016 & 2021
Figure 34: Global: PET Packaging (Cold Fill) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 35: Global: PET Packaging (Aseptic Fill) Market: Sales Value (in Million US$), 2016 & 2021
Figure 36: Global: PET Packaging (Aseptic Fill) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 37: Global: PET Packaging (Other Filling Technologies) Market: Sales Value (in Million US$), 2016 & 2021
Figure 38: Global: PET Packaging (Other Filling Technologies) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 39: Global: PET Packaging (Beverages Industry) Market: Sales Value (in Million US$), 2016 & 2021
Figure 40: Global: PET Packaging (Beverages Industry) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 41: Global: PET Packaging (Household Goods Sector) Market: Sales Value (in Million US$), 2016 & 2021
Figure 42: Global: PET Packaging (Household Goods Sector) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 43: Global: PET Packaging (Food Industry) Market: Sales Value (in Million US$), 2016 & 2021
Figure 44: Global: PET Packaging (Food Industry) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 45: Global: PET Packaging (Pharmaceutical Industry) Market: Sales Value (in Million US$), 2016 & 2021
Figure 46: Global: PET Packaging (Pharmaceutical Industry) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 47: Global: PET Packaging (Other End-Users) Market: Sales Value (in Million US$), 2016 & 2021
Figure 48: Global: PET Packaging (Other End-Users) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 49: Asia Pacific: PET Packaging Market: Sales Value (in Million US$), 2016 & 2021
Figure 50: Asia Pacific: PET Packaging Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 51: North America: PET Packaging Market: Sales Value (in Million US$), 2016 & 2021
Figure 52: North America: PET Packaging Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 53: Europe: PET Packaging Market: Sales Value (in Million US$), 2016 & 2021
Figure 54: Europe: PET Packaging Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 55: Middle East and Africa: PET Packaging Market: Sales Value (in Million US$), 2016 & 2021
Figure 56: Middle East and Africa: PET Packaging Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 57: Latin America: PET Packaging Market: Sales Value (in Million US$), 2016 & 2021
Figure 58: Latin America: PET Packaging Market Forecast: Sales Value (in Million US$), 2022-2027

List of Tables

Table 1: Global: PET Packaging Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: PET Packaging Market Forecast: Breakup by Packaging Type (in Million US$), 2022-2027
Table 3: Global: PET Packaging Market Forecast: Breakup by Form (in Million US$), 2022-2027
Table 4: Global: PET Packaging Market Forecast: Breakup by Pack Type (in Million US$), 2022-2027
Table 5: Global: PET Packaging Market Forecast: Breakup by Filling Technology (in Million US$), 2022-2027
Table 6: Global: PET Packaging Market Forecast: Breakup by End-User (in Million US$), 2022-2027
Table 7: Global: PET Packaging Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 8: Global: PET Packaging Market Structure
Table 9: Global: PET Packaging Market: Key Players


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Key Questions Answered in This Report

We expect the global PET packaging market to exhibit a CAGR of 5.07% during 2022-2027.

Sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations resulting in temporary closure of numerous end use industries for PET packaging materials.

The expanding packaging industry along with the rising demand for processed and ready-to-eat food products represent some of the other factors driving the global PET packaging market.  

Based on the packaging type, the global PET packaging market can be bifurcated into rigid packaging and flexible packaging. Currently, rigid packaging holds the majority of the market share.

Based on the form, the global PET packaging market has been segregated into amorphous PET and crystalline PET, where amorphous PET currently represents the largest segment.

Some of the major players in the global PET packaging market include Amcor plc, Berry Global, Graham Packaging Company, Dunmore Corporation, Huhtamäki Oyj, Resilux NV, E. I. du Pont de Nemours and Company, Silgan Holdings Inc., GTX Hanex Plastic, Comar LLC, Sonoco Products Company, Nampak Ltd., CCL Industries Inc., Smurfit Kappa Group and Rexam PLC. etc.

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