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Polyethylene Terephthalate (PET) round containers Market - Global Industry analysis, Size, Share, Growth, Trend and Forecast 2016 - 2024

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Polyethylene Terephthalate round containers are designed from PET resins, which is a form of polyester. It is molded or extruded into plastic containers or bottles for packaging personal care products, beverages and foods, and many other consumer products. Polyethylene Terephthalate is an extremely valued packaging material because it is economical, non-reactive, lightweight, and shatterproof. Polyethylene terephthalate (PET) round containers security for beverage & food, pharmaceutical and medical, personal care applications is authorized by health authorities across globe. PET containers are standard for water, juices, packaging sodas, cooking oil, salad dressings, shampoo, peanut butter, liquid hand soap, pharmaceuticals, mouthwash, even tennis balls. Polyethylene Terephthalate (PET) round containers are baked goods containers and take-out containers, with good chemical resistance, high clarity, high impact resistance, better gas and moisture barrier, provide food content safety, and temperature tolerance. 

Polyethylene Terephthalate (PET) round containers Market: Market Dynamics

The growth in the Polyethylene Terephthalate (PET) round containers market is primarily attributed to the rising health risks related to insufficient products and the economic damages caused by the manufacturers are the major factors responsible for the increasing global demand for Polyethylene Terephthalate (PET) round containers market in food & beverages market. Moreover, the other factors such as its benefits to sustain the shelf quality of the food and to regulate external environment conditions and its resistance to oil, chemical, acid is mainly practiced in the Asian and European region. Moreover, the hot-sealable property of polyethylene terephthalate round containers benefits to manufacturing the seal-tight lids and caps. Moreover, the rapid growth in plastic industry in Europe and Asia-Pacific regions is fuelling the growth of polyethylene terephthalate (PET) round containers Market

On the other hand, the major factor which is restraining the growth of Polyethylene Terephthalate (PET) round containers market are the demand for PET plastic pouches and rising environmental concerns.

Polyethylene Terephthalate (PET) round containers Market: Market Segmentation  

The global Polyethylene Terephthalate (PET) round containers market is segmented into three parts based on the PET Form, technology type, end-user, and geography.

Based on the PET form of technology Polyethylene Terephthalate (PET) round containers market is segmented into:

  • Amorphous PET
  • Crystalline PET

Based on the technology global Polyethylene Terephthalate (PET) round containers market is segmented into:

  • Thermoforming process
  • Blow Molding Process
  • Other

Based on the end-use the global Polyethylene Terephthalate (PET) round containers market is segmented into:

  • Food & beverages
  • Personal Care
  • Pharmaceuticals
  • Household products
  • Others

Polyethylene Terephthalate (PET) round containers Market: Regional Outlook 

Regarding geography, the Polyethylene Terephthalate (PET) round containers market has been divided into five key regions including North America, Latin America, Europe, Asia-Pacific and the Middle East & Africa. The global Polyethylene Terephthalate (PET) round containers market is expected to register healthy CAGR during the forecast period. North America is experiencing the rapid increase in the production capacity of the particular product. Also, the demand for the Polyethylene Terephthalate (PET) round containers is very high in US and Canada due to the low labor cost, and advanced industrialization largely contribute to market growth. Asia Pacific is also expected to witness steady growth during the forecast period primarily attributed to a growing level of awareness for food safety and, especially in China and India. The Europe market is projected to register healthy growth for the early adoption by the marketers. 

Polyethylene Terephthalate (PET) round containers Market: Key players 

Some of the key player’s global Polyethylene Terephthalate (PET) round containers market are Clack Corporation, Alameda Packaging, Canyon Plastics, Inc., Valencia Plastics Inc., Alpha Packaging and many others. Capacity of Polyethylene Terephthalate (PET) round containers market to meet the increasing demand of the product by developing new production plants or by the acquisition of small players in the market. 

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The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
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