17 Février 2021
The report "PET Packaging Market by Form (Amorphous PET, Crystalline PET), Pack type (Bottles & jars, Bags & pouches, Trays, Lids/Caps & closures, others), Filling Technology (Hot fill, Cold fill, Aseptic fill, others), Packaging Type (Rigid, Flexible), End-use industry - Forecast to 2021".
Browse 197 market data tables with 74 figures spread through 250 pages and in-depth TOC on "PET Packaging Market”.
The growth of the PET packaging market was largely influenced by mergers and acquisitions in the past years. The year 2015 experienced a large number of strategies being used by top players in the market. Agreements & partnership, new product launches, and investments & expansions formed the essential part of their strategies, which led to the flow of considerable income within the company. To maintain the competitive advantages on the competitors, top players emphasized on new product launches.
Mergers and acquisitions were adopted by most of the players in PET packaging market. Companies adopted this strategy to increase the reach of their offerings, improve their production capacity, and focus on core operations. Companies aim to serve the market efficiently by investing in manufacturing facilities and acquiring distribution centers in the fast-growing regions. As a result of the same, Amcor Limited (Australia) and CCL Industries, Inc. (Canada) emphasized on launching new products to increase their product portfolios.
CCL Industries, Inc. is a leader in the manufacturing of pressure-sensitive and extruded film materials. Its customer base comprises global consumer product, healthcare, chemical, and durable goods companies. CCL operates through three business segments, namely, Label, Avery, and Container. Avery is the supplier of labels, specialty converted media, and software solutions to enable effective digital printing. This segment’s product line includes pressure-sensitive, shrink sleeve, and expanded labels. CCL Label is a supplier of decorative, informational, and promotional labels & packaging material. It specializes in the engineering and manufacturing of PET bottles for a variety of business domains such as food & beverage, healthcare & pharmaceutical, and home & personal care, and is also used to ensure brand protection. The company emphasized on mergers and acquisitions to expand its customer base and product portfolio. The company acquired companies in Singapore, the U.S., and the U.K.
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Rising demand in industries such as food, beverage, healthcare & pharmaceutical, and personal care, in line with a focus on adapting latest technologies and processes to foster the way of business operations in a variety of industries in countries such as Japan and India are making Asia-Pacific the fastest-growing market for PET packaging.
The PET packaging market is segmented, on the basis of end-use industry, into food, beverages, personal care & cosmetics, household products, pharmaceuticals, and others. The food segment held the largest share, in terms of value, in 2015 and the beverage segment is projected to grow at the highest CAGR during the forecast period.
On the basis of pack type, the bottles & jars segment held the largest share, in terms of value, in 2015 and is projected to grow at the highest CAGR, as bottles and jars are highly preferred to store food, beverages, and other consumables without contaminating the same.
They also perform exceptional in conditions such as temperature, humidity, oxygen & carbon dioxide levels, and water level in perishable goods. Along with the same, PET packaging is highly used in logistics & transportation because of its light weight
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