Dublin, Aug. 29, 2023 (GLOBE NEWSWIRE) -- The "PET Packaging - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
Global PET Packaging Market to Reach $87 Billion by 2030
The global market for PET Packaging estimated at US$59 Billion in the year 2022, is projected to reach a revised size of US$87 Billion by 2030, growing at a CAGR of 5% over the analysis period 2022-2030. Bottles & Jars, one of the segments analyzed in the report, is projected to record 5.4% CAGR and reach US$31.1 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Bags & Pouches segment is readjusted to a revised 5.7% CAGR for the next 8-year period.
The U.S. Market is Estimated at $15.9 Billion, While China is Forecast to Grow at 8% CAGR
The PET Packaging market in the U.S. is estimated at US$15.9 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$19 Billion by the year 2030 trailing a CAGR of 8% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.7% and 4.2% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 3.4% CAGR.
Market Scope
The provided data includes an extensive analysis of the global PET packaging market, focusing on various geographic regions such as the USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East, and Africa. The analysis covers the years from 2014 to 2030 and provides information on annual sales figures in US$ million and percentage CAGR for different aspects of PET packaging, including different types (Bottles & Jars, Bags & Pouches, Trays, Other Pack Types), filling technologies (Cold Fill, Hot Fill, Aseptic Fill, Other Filling Technologies), lids/caps & closures, and end-uses (Food & Beverage, Pharmaceuticals, Personal Care & Cosmetics, Household Products, Other End-Uses).
The data is presented through multiple tables, offering insights into recent, current, and future trends, as well as a historic review and a 16-year perspective on the market. The analysis further includes a percentage breakdown of value sales for specified regions for the years 2014, 2023, and 2030. This data aims to provide an in-depth understanding of the trends, growth opportunities, and market dynamics in the global PET packaging industry across different geographic regions, product types, filling technologies, and end-use segments.
Market Overview
- Influencer Market Insights
- World Market Trajectories
- PET Packaging - Global Key Competitors Percentage Market Share in 2022 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
- Impact of Covid-19 and a Looming Global Recession
What`s New for 2023?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
Select Competitors (Total 47 Featured) -
- Amcor Ltd.
- Berry Plastics Corporation
- CCL Industries, Inc.
- Dow, Inc.
- DuPont de Nemours, Inc.
- Dunmore Corporation
- Gerresheimer AG
- Graham Packaging Company
- Gtx Hanex Plastic Sp. Z O.O.
- Huhtamaki Oyj
- Klockner Pentaplast GmbH & Co. KG
- Resilux NV
- Smurfit Kappa Group PLC
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 276 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $59 Billion |
| Forecasted Market Value (USD) by 2030 | $87 Billion |
| Compound Annual Growth Rate | 5.0% |
| Regions Covered | Global |
For more information about this report visit https://www.researchandmarkets.com/r/9f7h6
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