The PET packaging market remains upbeat as demand in e-commerce for both rigid, and flexible packaging remains at an all-time high. The growing expansion of e-commerce, thanks to Covid-19, and realization of cost-cutting advantages on the part of consumers will remain key drivers for growth in the PET packaging market. Moreover, these drivers will also lead to demand for efficient, and robust packaging solutions, thanks to increased demand, and increased concern for safety during transportation.
Robust Build Remains a Key Appeal as Recycling Offers Momentum to Growth
PET packaging remains ideal for growth of distribution channels like e-commerce, as low-cost plastics, and robust builds make way for tremendous demand from manufacturers. Moreover, the demand for amorphous, and crystalline packaging in e-commerce will likely rise, as efficiency, and demand for new products like natural food products, and beverages will drive demand for crystalline packaging. Furthermore, PET packaging also continues to benefit from demand for robust build in packaging, as these packaging solutions escape the radar of environment regulations, thanks to their recyclable nature. This will promise a double whammy for manufacturers with low-cost recycled packaging raw materials, and ideal market demand with robust builds to secure liquid products during transportation.
E-Commerce to Drive Growth for Large-Quantity Shipments Across Globe
The rising convergence of global supply chains, thanks to e-commerce, and tremendous cost-advantages offered by shipping will remain a key driver for growth for large PET containers in the PET packaging market. These containers are ideal for safe transportation of large quantity of liquid products, and thanks to growing trade between nations, the demand for these will remain at its peak during the forecast period. UNCTAD, or United Nations Conference on Trade and Development reports that the shipments from China has risen to 20% in global trade, rising from 4% in 2002. Moreover, the agency also reported that capacity for large cargo ship increased by 10.9%. The growing advancement in shipping will likely reduce to cost-advantages, and growing trade around the globe will likely provide more advantages for players in the PET packaging market.
Demand for Household Product Will Remain High with Growing Concerns About Hygiene
The covid-19 pandemic led to a robust demand for regular household products including cleaning products like toilet cleaners, floor cleaners, fabric wash, and insect repellents, among others. Part of the purchases came from panic mood created in the market, as little information about the Covid-19 led to strong demand for branded household products in the market. Despite the lack of a rational demand, the subsequent awareness about hygiene, and availability of a wide variety of cleaning solutions will likely drive demand for PET packaging market. The Covid-19 crisis also promises to prolong, despite hopes of otherwise, as new strains are virus are discovered in countries like Britain. Hence, cleaning solution, and health-conscious packaging will remain a major draw for growth for players in the PET packaging market. The desirable properties of PET products including shiny surfaces for advertising, high transparency, good resistance to heat, lightweight, and high-stability remain attractive features of the products for end-consumers. The rising hygiene awareness from Covid-19 will provide more opportunity for growth for products with high transparency.
Major players active in the global PET packaging market include Amcor Ltd., Resilux NV, Gerresheimer AG, Berry Global Group Inc., Silgan Holdings Inc., Graham Packaging Company, GTX Hanex Plastic Sp. z o.o., Dunmore Corporation, Comar LLC, Sonoco Products Company, Huhtamaki OYJ, Nampak Limited and others.
The PET Packaging Market is Segmented as Below:
By Packaging Type
By End-Use Industry
Personal care & cosmetics
Others (industrial goods and consumer durables)
By Pack Type
Bottles & jars
Bags & pouches
Lids/caps & closures
Others (cups and clamshells)
By Filling Technology
Others (counter-pressure, low vacuum gravity, high vacuum gravity, and positive pressure)
Rest of Europe
Rest of APAC
Rest of South America
Middle East & Africa
Rest of MEA
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Secondary Research or Desk Research
Distinctive Data Model
Secondary Sources include but are not limited to:
Past Published Research
Historical Data and Information
Primary Sources include but are not limited to:
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Data Source Triangulation
Extracting data and validation from multiple type of secondary and primary sources
Combining various methodologies to validate data inputs
Applying different theories to check credibility of data sets