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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

February 7, 2019

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.

Competitive Landscape

The market appears to be fragmented, and with the presence of several companies including Amcor and Gerresheimer, the competitive environment is quite intense.

Key Players

Amcor Gerresheimer RPC Group Silgan Holdings Tetra Laval International

Topics Covered

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

PART 03: MARKET LANDSCAPE

Market ecosystem Market characteristics Market segmentation analysis

PART 04: MARKET SIZING

Market definition Market sizing 2018 Market size and forecast 2018-2023

PART 05: FIVE FORCES ANALYSIS

Bargaining 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-USER

Comparison 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 LANDSCAPE

Geographic 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 LANDSCAPE

Overview Landscape disruption

PART 11: VENDOR ANALYSIS

Vendors 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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Related Topics:Packaging

KEYWORD:

INDUSTRY KEYWORD: MANUFACTURING PACKAGING

SOURCE: Research and Markets

Copyright Business Wire 2019.

PUB: 02/07/2019 07:25 AM/DISC: 02/07/2019 07:25 AM

http://www.businesswire.com/news/home/20190207005410/en

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