August 13, 2019 by Steve Blade
Fact.MR delivers key insights on the PET containers market in its published report, titled “PET Containers Market: Industry Analysis and Opportunity Assessment, 2018–2028”. In terms of revenue, the PET containers market is estimated to expand at a CAGR of 5.1% during the forecast period, owing to numerous factors, about which Fact.MR offers thorough insights in this report.
The market numbers have been assessed on the basis of consumption and weighted average pricing
The APEJ region is the leading contributor to the global PET containers market. The market for PET containers in China and India are expected to forefront the APEJ PET containers market growth during the forecast period. Countries in the APEJ region, such as India, ASEAN, etc. have witnessed rapid penetration of modern retail outlets, especially in the urban areas, which have indirectly affected the market for PET containers.
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Easy admittance towards hypermarkets and supermarkets has enabled an increase in the consumption of beverages, such as soft drinks, in PET containers. This has enabled beverage manufacturers such as PepsiCo and the Coca-Cola Company to invest heavily in the areas of production, enhancing their manufacturing capacity and ramping up their supply chain, all of which has headed to an increasing demand for PET containers solutions for beverages.
Table of Content
1. Executive Summary
2. Market Introduction
3. Market Background
4. Global PET Containers Market Analysis By Container Type
To be Continue..
PET containers demand slightly restricted by stringent regulations
According to the National Association for PET Container Resources, U.S. recycling rate for PET bottles and jars was 31.4% in 2014, which is expected to increase significantly in recent few years. According to PET Container Recycling Europe, recycling rate of PET bottles and containers in Europe was nearly 56.3% in 2016 with an increase of 7.3% as compared to 2014. In 2016, all 28+ EU countries exceeded the European Union minimum targets of 22.5% recycling.
The PET containers market is highly fragmented, where Plastipak Holdings, the largest players account for a mere 3% share. Plastipak produces nearly 40.1 billion PET containers and preforms. The top ten players in PET containers market make up only one-third of the market, although they cater to most of the applications. Key players operating in the PET containers market include Plastipak Holdings, Inc., RETAL Industries Ltd., ALPLA Werke Alwin Lehner GmbH & Co KG, Resilux NV, Taiwan Hon Chuan Enterprises Co., Ltd., Esterform Packaging Limited, Berry Group, Inc, Indorama Ventures Public Co., Ltd, Zhongfu Enterprise Co Ltd., and Eskapet Pet Ürünleri Kimya San. ve Tic. Ltd.
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