PET Bottles Safe for Pharmaceutical Packaging

Posted by RahulSharma on November 27th, 2019

MarketsandMarkets projects the global market for PET Packaging to grow from USD 57.64 Billion in 2016 to USD 74.32 Billion by 2021, at a CAGR of 5.21%.

Browse 197 market data tables with 74 figures spread through 250 pages and in-depth TOC on "PET Packaging Market " .

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The key players in the PET packaging market are CCL Industries, Inc. (Canada), E. I. du Pont de Nemours and Company (DuPont) (U.S.), Amcor Limited (Australia), Resilux NV (Belgium), Rexam PLC (U.K.), Smurfit Kappa Group PLC (Ireland), Gerresheimer AG (Germany), and Klöckner Pentaplast GmbH & Co. KG (Germany). The other notable players in the market are Graham Packaging (U.S.), GTX Hanex Plastic Sp. z o.o. (Poland), Berry Plastic Group Inc. (U.S.), Dunmore (U.S.), and Huhtamaki Group (Finland).

Bottles & jars to gain maximum traction during the forecast period

Bottles & jars are highly preferred as they are light weight, safe, flexible, and most importantly, 100% recyclable. Adding to this, PET delivers excellent performance in extreme conditions such as high temperature, moisture, and humidity. PET packaging is preferred in the food industry because it maintains the freshness of food items and increases the shelf life. It is also highly used in beverages and CSD (carbonated-soda drink) because of the anti-contaminable property.

Asia-Pacific to play a key role in the market for PET packaging

On the basis of key regions, the market for PET packaging is segmented into North America, Europe, Asia-Pacific, and Rest of the World (RoW). The low labor costs, excellent industrialization, a huge scope for FDI, emerging economic conditions, and an excellent hold on industries such as food, retail, beverage, construction, and pharmaceutical & healthcare have played a key role in the growth of the market for PET packaging in the Asia-Pacific region.

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Amcor has its presence in over 43 countries across Europe, America, Asia, the Middle East, and Africa. It also has more than 190 facilities. From 2012 to 2016, the company emphasized on the merger & acquisitions strategy to expand the business horizon around the globe. The key competitors of this company are American Packaging Corporation (U.S.), CCL Industries, Inc. (Canada), DuPont (U.S.), and Mondi Group (South Africa).

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RahulSharma

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RahulSharma
Joined: September 3rd, 2019
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