According to IMARC Group’s latest report, titled “Asia Pacific PET Packaging Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027“, the Asia Pacific PET packaging market reached a value of US$ 28.08 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 39.05 Billion by 2027, growing at a CAGR of 5.65% during 2022-2027. Polyethylene terephthalate (PET) is produced by melting pellets of PET resin. The molten liquid is then extruded into the desired shape as per the requirement of the user. It is a form of polyester which can be easily shaped into various packaging boxes, containers, and bottles. The material is durable, thermally stable, and provides moisture, alcohol, and solvent resistance. It also helps maintain the quality while providing resistance to halogenated hydrocarbons and diluted alkalis.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Market Trends and Drivers:
The increasing consumption of on-the-go food products represents one of the key factors primarily driving the market growth. The key manufacturers in the Asia-Pacific region are shifting toward the use of PET packaging as it is resistant to microorganisms and extends the product shelf-life significantly. PET packaging is also used for packaging home care, beauty and personal care, and cat and dog food products. The recyclable packaging solutions is also acting as another major growth-inducing factor.
Key Market Segmentation:
The report has segmented the Asia Pacific PET packaging market on the basis of packaging type, form, pack type, filling technology, end user and country.
Breakup by Packaging Type:
- Rigid Packaging
- Flexible Packaging
Breakup by Form:
- Amorphous PET
- Crystalline PET
Breakup by Pack Type:
- Bottles and Jars
- Bags and Pouches
- Trays
- Lids/Caps and Closures
- Others
Breakup by Filling Technology:
- Hot Fill
- Cold Fill
- Aseptic Fill
- Others
Breakup by End User:
- Beverages Industry
- Bottled Water
- Carbonated Soft Drinks
- Milk and Dairy Products
- Juices
- Beer
- Others
- Household Goods Sector
- Food Industry
- Pharmaceutical Industry
- Others
Breakup by Country:
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
Competitive Landscape With Key Players:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
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Key Highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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