PET Packaging Market to record USD 55 Billion by 2032, Says Global Market Insights inc.
PET Packaging Industry size is expected to register 5% CAGR between 2023 and 2032 propelled by growing demand for food & beverage products.
Selbyville, Delaware, May 23, 2024 (GLOBE NEWSWIRE) — PET Packaging Market size is expected to reach a remuneration of USD 55 billion by 2032, as per a
Asia Pacific to emerge as a lucrative market
Asia Pacific PET packaging market is estimated to record sustainable valuation by 2032, attributed to rapid urbanization, the burgeoning middle-class population, and increasing consumer demand for convenient packaging solutions. The growing awareness of health & hygiene, especially after the pandemic has increased the demand for packaged drinks and food. The dynamic e-commerce of PET packaging due to its lightweight nature and durability during transportation will also stimulate regional industrial growth.
PET Packaging Market Participants
Some of the prominent PET packaging industry players include Sonoco Products Company, Amcor Limited, Silgan Holdings Inc., Berry Global Group Inc., Huhtamaki OYJ, CCL Industries, Inc. and Gerresheimer AG. These firms are focusing on partnership ventures and innovations to proliferate their product portfolio and customer base. To cite an instance, in May 2023, Huhtamaki launched mono-material technology to create sustainable flexible packaging solutions in paper, PE, and PP retort for meeting the market demands.
About Global Market Insights
Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.
CONTACT: Aashit Tiwari Corporate Sales, USA Global Market Insights Inc. Toll Free: +1-888-689-0688 USA: +1-302-846-7766 Europe: +44-742-759-8484 APAC: +65-3129-7718 Email: [email protected]
