The Global Market for PET Packaging (2019-2023): Projected to Grow at a CAGR of Approx 4%, with Amcor, Gerresheimer, RPC Group, Silgan Holdings, and Tetra Laval International Leading the Competition - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Feb 7, 2019--The “Global PET Packaging Market 2019-2023” report has been added to ResearchAndMarkets.com’s offering.
The PET packaging market will register a CAGR of close to 4% by 2023.
Rising popularity of lightweight packaging to emerge as major trend in the market
Increase in R&D activities, to develop new lightweight packaging to reduce wastage and enhance end-user usability, is gaining momentum. Lightweight packaging is both cost-effective and recyclable in nature.
For instance, glass packaging solution is heavy. It is cumbersome to transport products packed in glasses. This packaging solution also increases the cost of production and bottling. Therefore, goods manufacturers are moving toward the adoption of lightweight plastic packaging.
Growth in the organized retail segment
Organized retail refers to the chain of retail stores that are either entirely owned or franchised and managed by a single large corporate entity.
The leading company, which controls all the connected retail stores, is responsible for the supply chain, and product and inventory management. The organized retail sector holds a dominant share of the overall retail sales in countries such as the US, the UK, and Canada.
Volatility in raw material costs
All plastics and plastic-derivative materials and products, including PET packaging, are produced from refined petroleum hydrocarbons. A large share of the overall production cost of PET packaging is attributed to the petroleum-based raw materials, which are refined from crude oil.
Sometimes PET packaging may also contain other resins and binders to grant it specific material properties. The volatility in the market price of these raw materials is a major challenge for most of the vendors of the global PET packaging market.
The market appears to be fragmented, and with the presence of several companies including Amcor and Gerresheimer, the competitive environment is quite intense.
Key PlayersAmcor Gerresheimer RPC Group Silgan Holdings Tetra Laval International
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: MARKET LANDSCAPEMarket ecosystem Market characteristics Market segmentation analysis
PART 04: MARKET SIZINGMarket definition Market sizing 2018 Market size and forecast 2018-2023
PART 05: FIVE FORCES ANALYSISBargaining power of buyers Bargaining power of suppliers Threat of new entrants Threat of substitutes Threat of rivalry Market condition
PART 06: MARKET SEGMENTATION BY END-USERComparison by end-user Beverages industry - Market size and forecast 2018-2023 Household goods sector - Market size and forecast 2018-2023 Food industry - Market size and forecast 2018-2023 Pharmaceutical industry - Market size and forecast 2018-2023 Market opportunity by end-user
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPEGeographic comparison APAC - Market size and forecast 2018-2023 Europe - Market size and forecast 2018-2023 North America - Market size and forecast 2018-2023 MEA - Market size and forecast 2018-2023 South America - Market size and forecast 2018-2023 Key leading countries Market opportunity
PART 09: DRIVERS AND CHALLENGES
PART 10: VENDOR LANDSCAPEOverview Landscape disruption
PART 11: VENDOR ANALYSISVendors covered Vendor classification Market positioning of vendors Amcor Gerresheimer RPC Group Silgan Holdings Tetra Laval International
For more information about this report visit https://www.researchandmarkets.com/research/fwt7lq/the_global_market?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20190207005410/en/
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INDUSTRY KEYWORD: MANUFACTURING PACKAGING
SOURCE: Research and Markets
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PUB: 02/07/2019 07:25 AM/DISC: 02/07/2019 07:25 AM