Global PET Packaging Market size was valued at US$ 36.38 Bn. in 2021. Water, one of the segments reviewed in our report dominated the PET Packaging Market.
PET Packaging Market Overview:
The PET Packaging market research provides a comprehensive perspective of the competition, including the market share and company profiles of the top players in the global industry. The scope of the research covers a thorough examination of the PET Packaging Market, as well as the causes for variances in the industry’s growth in a variety of sectors.
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Market Scope:
Top-down and bottom-up approaches are used to validate the market size and estimate the market size by different segments. The market estimations in the research are based on the sale price (excluding any discounts provided by the manufacturer, distributor, wholesaler, or traders). The percentage splits, market shares, and segment breakdowns are computed using weights assigned to each segment based on usage rate and average sale price. To determine the country-wise splits of the overall market and its sub-segments, the percentage adoption or usage of the given market Size in the relevant area or nation is employed.
Segmentation: In 2021, the rigid segment dominated the market with a 56.3% share. The rising demand for products such as bottles, jars, and trays is propelling the market sector forward. They are lightweight and do not spill easily. These reasons are boosting the product’s demand in the PET Packaging industry.
Key Players:
Secondary research is used to identify market leaders, while primary and secondary research is used to establish market revenue. Secondary research comprised a review of the leading manufacturers’ annual and financial reports, whilst primary research included thorough interviews with key opinion leaders and industry specialists such as experienced front-line personnel, CEOs, and marketing executives. Secondary sources are used to calculate percentage splits, market shares, growth rates, and worldwide market breakdowns, which are then validated using primary sources.
The biggest players in the PET Packaging market are as follows:
- • Amcor Limited
• Graham Packaging Company
• Resilux NV
• Gerresheimer AG
• GTX Hanex Plastic Sp.
• Dunmore Corporation
• Comar LLC
• Berry Global Inc.
• Silgan Holdings Inc.
• Sonoco Products Company
• Huhtamaki OYJ
• Nampak Limited
• CCL Industries Inc.
• Du Pont De Nemours and Company
• Smurfit Kappa Group PLC
Regional Analysis:
Individual market influencing components and changes in market legislation that affect current and future market trends are also covered in the PET Packaging market study’s regional overview. Current and future trends are investigated in order to analyze the overall market potential and find profitable patterns in order to get a more firm footing. The geographical market evaluation is based on the current environment and anticipated trends.
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COVID-19 Impact Analysis on PET Packaging Market:
End-user industries where PET Packaging are utilized saw a decline in growth from January 2020 to May 2020 in a number of countries, including China, Italy, Germany, the United Kingdom, and the United States, as well as Spain, France, and India, due to a pause in operations. This resulted in a significant drop in the revenues of enterprises in these industries, as well as in demand for PET Packaging manufacturers, affecting the PET Packaging market’s growth in 2020. End-user business demand for PET Packaging has plummeted as a result of lockdowns and an increase in COVID-19 events throughout the world.
Key Questions Answered in the PET Packaging Market Report are:
- In 2021, which segment accounted for the most share of the PET Packaging market?
- What is the competitive landscape of the PET Packaging market?
- What are the key factors influencing PET Packaging market growth?
- In the PET Packaging market, which region has the most market share?
- What will be the CAGR of the PET Packaging market during the forecast period (2022-2027)?
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