Pet Bottle Manufacturing Market Competitive Dynamics, Prominent Players, Global Size, Outlook and Forecast To 2023
Summary
Global Pet Bottle Manufacturing Market by Form (Amorphous PET, Crystalline PET), Pack type (Bottles & jars, Bags & pouches, Trays, Lids/Caps & closures, others), Packaging Type (Rigid, Flexible), End-use industry, and Region - Global Forecast to 2023
Overview
The global Pet Bottle Manufacturing market poised to expand at CAGR of 5% between 2018 and 2023, finds Market Research Future (MRFR) in its latest study. PET (polyethylene terephthalate) is popular industrial raw material in the packaging industry. It is used for making plastic jugs, boxes, containers, etc.
Competitive Analysis
- CCL Industries, Inc. (Canada)
- Resilux NV (Belgium)
- Rexam PLC (U.K.)
- Graham Packaging Company (U.S.)
- GTX Hanex Plastic Sp. Z O.O. (Poland)
- Huhtamäki Oyj (Finland)
- Silgan Holdings (U.S.)
- I. Du Pont De Nemours and Company (U.S.)
- PET Power B.V. (The Netherlands)
- Amcor Limited (Australia)
- Berry Plastics Group Inc. (U.S.)
- Dunmore Corporation (U.S.)
- Smurfit Kappa Group PLC (Ireland)
- Klöckner Pentaplast GmbH & Co. Kg (Germany) and Gerresheimer AG (Germany) are among the leading companies operating in the global Pet Bottle Manufacturing market.
Segmental Overview
The segmental analysis of the Pet Bottle Manufacturing market has been conducted on the basis of pack type, packaging type, end-use industry, form and region.
On the basis of form, the market has been segmented into crystalline PET and amorphous PET. The amorphous PET is expected to maintain its dominant position throughout the forecast period. Amorphous PET is increasingly used in Pet Bottle Manufacturing owing to water resistance, durability and robust adhesive strength of the PET material. Over the years, it has gained significant popularity in the F&B industry.
Regional Analysis
APAC a Highly Attractive Destination for Market Players
The regions covered in the MRFR’s report include Europe, North America, Asia Pacific, Latin America, Africa and the Middle East. The APAC Pet Bottle Manufacturing market is expected to witness the strongest growth during the forecast period. There are several micro and macroeconomic factors that can be linked with the growth of the packaging sector. The region has become a prime destination for packaging solution vendors. Increased demand for packaged goods, cost-benefit associated with establishing manufacturing facilities, growing foreign direct investment, and rapid growth of end-use sectors are some of the factors supporting the market growth in APAC. In terms of value, Europe and North America also make important contributions to the global Pet Bottle Manufacturing market.
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