Friday, May 9, 2025
  • Login
No Result
View All Result
ForexTV
  • News
    • Top Corporate News
    • Lifestyle
    • Technology
    • Financial Markets News
  • Small Business
    • Digital Marketing Blog
    • Small Business Best Practices
    • Small Business Strategy
      • Sales Strategies
      • Marketing Strategies
  • Business Finance
    • Small Business-Lending Trends
    • Debt Service Coverage Ratio (DSCR)
    • Business Credit
      • Business Credit Blog
      • Business Loans
      • Merchant Cash Advances
      • Business Line of Credit
      • What is Alternative Business Lending?
    • Resources
      • Debt Service Coverage Ratio (DSCR) Calculator
  • Currency Focus
    • Crypto Focus
      • Bitcoin (BTC)
      • Ethereum (ETH)
      • Tether
      • BNB
      • Cardano (Ada)
      • Ripple (XRP)
      • Solana (SOL)
      • Dogecoin (DOGE)
      • Polkadot (DOT)
      • Tron (TRX)
      • Shiba Inu (SHIB)
      • Litecoin (LTC)
    • EURO (EUR)
    • Japanese Yen (JPY)
    • Great British Pound (GBP)
    • Swiss Franc (CHF)
    • New Zealand Dollar (NZD)
    • Canadian Dollar (CAD)
    • Australian Dollar (AUD)
  • Resources
    • Economic Calendar
    • Trader Education
      • Candlestick Pattern Intro
    • Live Forex Rates/Charts
      • Live Rates
      • Live Charts
    • Forex Trader Tools
      • Pivot Point Calculator
      • Currency Converter
      • Global Statistic Resources
    • Trading Terms
      • Forex Glossary
      • Glossary of Retirement Industry Terms
    • CPI Tools
      • CPI Inflation Calculator
      • CPI Average Price Calculator
  • Marketing Services
    • Digital Marketing Services
    • Digital Marketing Consulting
    • Search Engine Optimization (SEO)
    • Online Content Marketing
    • Digital Marketing Blog
    • Inbound Marketing Services
    • Email Marketing
    • Digital Marketing Rates
  • News
    • Top Corporate News
    • Lifestyle
    • Technology
    • Financial Markets News
  • Small Business
    • Digital Marketing Blog
    • Small Business Best Practices
    • Small Business Strategy
      • Sales Strategies
      • Marketing Strategies
  • Business Finance
    • Small Business-Lending Trends
    • Debt Service Coverage Ratio (DSCR)
    • Business Credit
      • Business Credit Blog
      • Business Loans
      • Merchant Cash Advances
      • Business Line of Credit
      • What is Alternative Business Lending?
    • Resources
      • Debt Service Coverage Ratio (DSCR) Calculator
  • Currency Focus
    • Crypto Focus
      • Bitcoin (BTC)
      • Ethereum (ETH)
      • Tether
      • BNB
      • Cardano (Ada)
      • Ripple (XRP)
      • Solana (SOL)
      • Dogecoin (DOGE)
      • Polkadot (DOT)
      • Tron (TRX)
      • Shiba Inu (SHIB)
      • Litecoin (LTC)
    • EURO (EUR)
    • Japanese Yen (JPY)
    • Great British Pound (GBP)
    • Swiss Franc (CHF)
    • New Zealand Dollar (NZD)
    • Canadian Dollar (CAD)
    • Australian Dollar (AUD)
  • Resources
    • Economic Calendar
    • Trader Education
      • Candlestick Pattern Intro
    • Live Forex Rates/Charts
      • Live Rates
      • Live Charts
    • Forex Trader Tools
      • Pivot Point Calculator
      • Currency Converter
      • Global Statistic Resources
    • Trading Terms
      • Forex Glossary
      • Glossary of Retirement Industry Terms
    • CPI Tools
      • CPI Inflation Calculator
      • CPI Average Price Calculator
  • Marketing Services
    • Digital Marketing Services
    • Digital Marketing Consulting
    • Search Engine Optimization (SEO)
    • Online Content Marketing
    • Digital Marketing Blog
    • Inbound Marketing Services
    • Email Marketing
    • Digital Marketing Rates
No Result
View All Result
ForexTV
No Result
View All Result
ADVERTISEMENTS
club Felene

Global PET Material Packaging Market to reach a Value of US$ 122 billion by 2034, expanding at a 4.1% CAGR | Future Market Insights, Inc.

by GlobeNewswire
December 11, 2023
in Top News
Reading Time: 5 mins read

According to Future Market Insight’s research study, PET Material Packaging Market thrives on global demand for sustainable solutions in food and beverage packaging, leveraging PET’s recyclability and cost-effectiveness.

NEWARK, Del, Dec. 11, 2023 (GLOBE NEWSWIRE) — The global PET material packaging market is on the fast track to substantial growth and is projected to hit a valuation of US$ 81.7 billion by 2024. The drive behind this surge in growth is the rising interest and insights surrounding the PET material packaging market. The trend is not just a pit stop, as it is expected to pave the way for fresh opportunities within the market, with a projected CAGR of 4.1% from 2024 to 2034. By 2033, the market is set to race to an estimated total valuation of approximately US$ 122 billion, signaling its significant potential for the coming decade.

The growth trajectory of the PET materials packaging market is underpinned by several compelling factors, making it a key player in the packaging industry. One of the primary engines driving this expansion is the surging demand for food and beverage products. Consumers worldwide are demonstrating an increasing appetite for these products, a trend that bolsters the demand for sustainable and recyclable PET materials packaging.

Click to Request Sample Report and Drive Impactful Decisions: https://www.futuremarketinsights.com/reports/sample/rep-gb-4008

The ascendancy of PET in the packaging domain can be attributed to its lightweight nature and convenience in logistics and transportation. This polymer has emerged as a green alternative to traditional packaging materials such as aluminum, glass, and metal. PET containers offer manufacturers the advantage of recyclability and reusability, a feature that resonates with the principles of the circular economy, reducing waste and resource consumption in the packaging industry.

The affordability of bottle packaging for shipping and storage relative to several other packaging options further augments the market appeal. This cost-effectiveness becomes a significant factor, particularly for burgeoning PET bottle packaging markets. The road to growth is not without its challenges. Plastic pollution and its detrimental effects on the environment and human health present a substantial hurdle. As awareness of the impacts of plastic waste rises, there is an escalating demand for eco-friendly alternatives, potentially restraining the market growth.

Key Takeaways from the Market Study

  • The market valuation in 2023 was US$ 78.4 billion.
  • Based on end-use, food and beverage is expected to dominate at a market share of 32.7% in 2024.
  • Based on product type, bottles and jars will register at a market share of 31.5% in 2034.
  • France is estimated to expand at a CAGR of 3.3% by 2034.
  • Italy experiences significant growth, with a CAGR of 2.9% by 2034.

“Regulatory requirements, as well as a ban on plastic use, will be a significant hindrance to the development of the PET materials packaging market in the near future,” comments a Senior Consultant Ismail Sutaria in Packaging at Future Market Insights (FMI).

Request Our Comprehensive Report Methodology Now: https://www.futuremarketinsights.com/request-report-methodology/rep-gb-4008

Competitive Landscape

The PET material packaging industry boasts a substantial array of market participants. Research and development play a pivotal role among these players, primarily focusing on introducing eco-friendly product lines as a core aspect of their manufacturing endeavors. Furthermore, they employ various expansion strategies, including collaborations, mergers and acquisitions, and diligent exploration of regulatory approvals to bolster their market presence.

Some of the key developments are-

  • Sidel embarked on an innovative venture in 2022 with the launch of a PET recycling hub. This dedicated hub in Octeville, France, was designed to elevate Sidel expertise in PET recycling. With a distinctive small-scale PET recycling line, the recycling of food-contact PET bottles was set to leap forward.
  • In July 2022, Carbios, a prominent French biochemical company, embarked on a transformative partnership with renowned brands such as PUMA and Patagonia. The objective was to develop sustainable fibers for clothing and apparel, marking a remarkable innovation in the world of textiles.

Key Companies Profiled        

  1. Amcor Limited
  2. CCL Industries, Inc.
  3. Gerresheimer AG
  4. Smurfit Kappa Group PLC
  5. Masterchem
  6. PET Power
  7. Berry Plastic Group Inc.
  8. Resilux NV
  9. GTX Hanex Plastic Sp. z o.o.
  10. Klöckner Pentaplast GmbH & Co. KG.
  11. PerPETual Global
  12. Waipak
  13. Loop Industries

More Valuable Insights Available

Future Market Insights offers an unbiased analysis of the global PET material packaging market, providing historical data for 2019 to 2023 and forecast statistics from 2024 to 2034.

To understand opportunities in the PET material packaging market is segmented based on major End Use (Food and Beverage, Personal Care, Pharmaceuticals, Alcoholic Beverages, Other), Product (PET Bottles and Jars, PET Preforms, PET Closures) and by region: (North America, Latin America, Eastern Europe, Western Europe, Asia Pacific excluding China & Japan, Japan, China, Middle East & Africa).

Elevate Your Business Strategy! Purchase the Report for Market-Driven Insights: https://www.futuremarketinsights.com/checkout/4008

Key Segments Profiled in the PET Materials Packaging Industry Survey

By End Use:

  • Food and Beverage
  • Personal Care
  • Pharmaceuticals
  • Alcoholic Beverages
  • Other

By Product:

  • PET Bottles and Jars
  • PET Preforms
  • PET Closures

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • South Asia and Pacific
  • East Asia
  • Middle East and Africa

Author

Ismail Sutaria (Lead Consultant, Packaging and Materials) has over 8 years of experience in market research and consulting in the packaging & materials industry. Ismail’s strength lies in identifying key challenges faced by the client and offering logical and actionable insights to equip the clients with strategic decision-making power.

Ismail has been an instrumental part of several transformational consulting assignments. His key skills include competitive benchmarking, opportunity assessment, macroeconomic analysis, and business transformation advisory. Ismail is an MBA holder in Marketing and has a Bachelor’s Degree in Mathematics. 

Explore Trending Reports of Packaging

The PET packaging market size is expected to rise to US$ 130.4 billion by 2033. The sales of PET packaging are expected to register a CAGR of 4.9% during the forecast period.

The recycled polyethene terephthalate market size is projected to grow at 7.4% CAGR during the forecast period. The market is likely to reach a valuation of US$ 20.61 Bn by 2032.

The global polyethylene films market is going to further accelerate at a CAGR of 4.0% to reach a valuation of US$ 49.3 billion by the year 2033.

The global polyethylene mailers market is expected to harness a market value of US$ 5.3 billion by reflecting a CAGR of 5.5 % in the forecast period 2023 to 2033.

The global market for polyethylene terephthalate is poised to reach nearly US$ 40 Billion by 2032, flourishing at a CAGR of 3.4%.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:

Nandini Singh Sawlani 

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

  • Author
  • Recent Posts
GlobeNewswire
GlobeNewswire
GlobeNewswire,is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.
GlobeNewswire
Latest posts by GlobeNewswire (see all)
  • LGI Homes Expands Presence Near Buffalo with New Minneapolis-Area Community - May 9, 2025
  • From Black Hawks to Boardrooms: Former Lockheed Engineer Now at Drew Sutton Leadership Rewires CEOs to Lead Without Burnout - May 9, 2025
  • Montclair Pediatric Dentistry Sets a New Standard in Compassionate Pediatric Dental Care Across the Bay Area - May 9, 2025
ADVERTISEMENTS
americas favorite vodka

Related Posts

LGI Homes Expands Presence Near Buffalo with New Minneapolis-Area Community

by GlobeNewswire
May 9, 2025
0

The Granite Plan by LGI Homes at Northridge The three-bedroom, two-bathroom Granite features a wonderful open-concept floor plan and an...

From Black Hawks to Boardrooms: Former Lockheed Engineer Now at Drew Sutton Leadership Rewires CEOs to Lead Without Burnout

by GlobeNewswire
May 9, 2025
0

Georgetown, May 09, 2025 (GLOBE NEWSWIRE) -- Georgetown, Kentucky - After earning 30 patents in military aircraft design and leading...

Montclair Pediatric Dentistry Sets a New Standard in Compassionate Pediatric Dental Care Across the Bay Area

by GlobeNewswire
May 9, 2025
0

Oakland, May 09, 2025 (GLOBE NEWSWIRE) -- Oakland, California - Oakland, CA – Montclair Pediatric Dentistry is quickly becoming the...

Boys & Girls Clubs of America Celebrates Its Esteemed Alumni Hall of Fame Class

by GlobeNewswire
May 9, 2025
0

Honorees from Sports, Entertainment, Healthcare and More Inducted During May 8 Ceremony, Hosted by Courtney B. Vance in San Diego...

Conifer Gutter Service Unveils Dependable Solutions for Year-Round Home Protection

by GlobeNewswire
May 9, 2025
0

Conifer, May 09, 2025 (GLOBE NEWSWIRE) -- Conifer, Colorado - Conifer Gutter Service is rolling out a new set of...

CSX Announces Tentative Labor Agreement with Locomotive Engineers

by GlobeNewswire
May 9, 2025
0

JACKSONVILLE, Fla., May 09, 2025 (GLOBE NEWSWIRE) -- CSX Corporation (NASDAQ: CSX) today announced it has reached a tentative agreement...

Next Post

Cannabidiol Market Soars to USD 36.6 Billion by 2033 || Growing Demand For Personal Care Products

Please login to join discussion
ADVERTISEMENTS

Latest Posts

  • LGI Homes Expands Presence Near Buffalo with New Minneapolis-Area Community May 9, 2025
  • From Black Hawks to Boardrooms: Former Lockheed Engineer Now at Drew Sutton Leadership Rewires CEOs to Lead Without Burnout May 9, 2025
  • Montclair Pediatric Dentistry Sets a New Standard in Compassionate Pediatric Dental Care Across the Bay Area May 9, 2025
  • Boys & Girls Clubs of America Celebrates Its Esteemed Alumni Hall of Fame Class May 9, 2025
  • Conifer Gutter Service Unveils Dependable Solutions for Year-Round Home Protection May 9, 2025
  • About Us
  • Advertise
  • Careers
  • Contact
Privacy Policy / Terms and Conditions

© 2024 ForexTV.com

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish.Accept Cookie Policy
Privacy & Cookies Policy

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Non-necessary
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
SAVE & ACCEPT
No Result
View All Result
  • News
    • Top Corporate News
    • Lifestyle
    • Technology
    • Financial Markets News
  • Small Business
    • Digital Marketing Blog
    • Small Business Best Practices
    • Small Business Strategy
      • Sales Strategies
      • Marketing Strategies
  • Business Finance
    • Small Business-Lending Trends
    • Debt Service Coverage Ratio (DSCR)
    • Business Credit
      • Business Credit Blog
      • Business Loans
      • Merchant Cash Advances
      • Business Line of Credit
      • What is Alternative Business Lending?
    • Resources
      • Debt Service Coverage Ratio (DSCR) Calculator
  • Currency Focus
    • Crypto Focus
      • Bitcoin (BTC)
      • Ethereum (ETH)
      • Tether
      • BNB
      • Cardano (Ada)
      • Ripple (XRP)
      • Solana (SOL)
      • Dogecoin (DOGE)
      • Polkadot (DOT)
      • Tron (TRX)
      • Shiba Inu (SHIB)
      • Litecoin (LTC)
    • EURO (EUR)
    • Japanese Yen (JPY)
    • Great British Pound (GBP)
    • Swiss Franc (CHF)
    • New Zealand Dollar (NZD)
    • Canadian Dollar (CAD)
    • Australian Dollar (AUD)
  • Resources
    • Economic Calendar
    • Trader Education
      • Candlestick Pattern Intro
    • Live Forex Rates/Charts
      • Live Rates
      • Live Charts
    • Forex Trader Tools
      • Pivot Point Calculator
      • Currency Converter
      • Global Statistic Resources
    • Trading Terms
      • Forex Glossary
      • Glossary of Retirement Industry Terms
    • CPI Tools
      • CPI Inflation Calculator
      • CPI Average Price Calculator
  • Marketing Services
    • Digital Marketing Services
    • Digital Marketing Consulting
    • Search Engine Optimization (SEO)
    • Online Content Marketing
    • Digital Marketing Blog
    • Inbound Marketing Services
    • Email Marketing
    • Digital Marketing Rates

© 2024 ForexTV.com