Burgeoning consumption of the ready-to-consume products to propel the demand for PET containers
Packaging is becoming a vital constituent of modern life due to the ease of transportation, storage and inclination of the consumer towards safe and secure packaging. The demand for intelligent packaging solutions like PET Containers is rapidly increasing in order to protect and transport products.
PET containers are one of the economical packaging solutions for packaging of carbonated soft drinks, bottled water, edible oil, and other personal care & household products among its counterparts.
Future Market Insights recent study suggests that the growth of the global PET Containers market is driven by the several benefits offered by them, which includes features such as light weight, recyclable, sustainable etc. FMI further indicated that Consumer preference is towards cost-effective packaging solutions along with convenient and environmentally friendly products.
Research shows great potential of PET Containers that provide all the features for packaging for various commodities. In addition to this, it also highlights the features such as-
Excellent convenience for carrying and storing products
Increasing output with the same workforce
Resilience and adaptability to business disruptions
Enhanced performance and cost effectiveness
Customer experience
Extended shelf life
Employee experience
Revenue and profit growth
Business model innovation
To reach potential outcomes, organizations are investing in intelligent and innovative packaging solutions. For instance, in May 2022, Packaging solutions provider Alpla Group in partnership with Austrian mineral water bottler Vöslauer has developed a new returnable PET bottle that reduces carbon emissions by about 30%.
The bottle, made of fully-recyclable PET mono-material, weighs 55 grams and is about 90% lighter than the returnable glass alternative. Alpla Group said the one-litre bottles are now available in retail outlets.
The bottles, which bear the Austrian Ecolabel, are anticipated to remain in use for three to four years, going through a minimum of 12 usage cycles. The introduction of a new one-litre returnable PET bottle follows the launch of a recycled PET bottle by the two companies in 2018.
PET containers are one of the economical packaging solutions for packaging of carbonated soft drinks, bottled water, edible oil, and other personal care & household products among its counterparts.
Burgeoning consumption of the ready-to-consume products has propelled the demand for PET containers in the market. The key technologies used for the manufacturing of PET containers are stretch blow molding and injection blow molding.
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PET Containers Market: Evolution
PET containers were first introduced in the market during the 1960s. Initially, PET containers were costly, and were single use containers only.
However, PET containers market gained traction due to subsequent knowledge regarding their features and benefits over their counterparts such as glass and metal containers. Costs swiftly dropped as the containers became widely used which led the PET containers market to grow at a fast pace, and now became the most preferred choice of packaging manufacturers.
PET containers are widely adopted for packaging of several products such as beverages, chemical & petrochemicals, pharmaceutical, household & personal care products etc.
PET Containers Market – Dynamics
Drivers:
The reason for high preference for PET containers is due to the several benefits offered by them, which includes features such as light weight, recyclable, sustainable etc. Consumer preference is towards cost-effective packaging solutions along with convenient and environmental friendly products.
Trends:
Massive shift in preference from glass containers to PET containers
In May 2010, Marks & Spencer made a large scale transition from glass to PET bottles for packaging of wine to meet consumer demands without affecting the environment.
SunPat peanut butter, switched its butter packaging to PET packaging. Premium packaging manufacturers are also switching from glass packaging to PET packaging.
Restraints:
Despite the positive outlook, there are some factors that might hamper the growth of PET containers market. Widespread environmental concerns over the use of plastic bottles has slightly impacted the demand for PET bottles in most of the countries.
Plastics take too much time to breakdown and do not biodegrade in landfills easily. Further, containers that contain hazardous materials might cause pollution if are not disposed of, properly.
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Comparison between HDPE and PET
The PET bottles are mostly used in beverage packaging due to several features such as no harm to the content, convenient, and content visibility.
PET Containers: Production Process
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PET Containers Market - Regional Outlook
Geographically, the global market for PET containers is divided into seven key regions - North America, Latin America, Western Europe, Eastern Europe, Asia Pacific excluding Japan (APEJ), Middle East & Africa (MEA), and Japan.
PET Containers Market - Key Players
Amcor Ltd.
Aaron Packaging Inc.
Sonoco Products Company
Berry Global Inc.
Alpha Packaging Inc.
Gerresheimer AG
GTX HANEX Plastic Sp. z o.o.
Koksan AS
Graham Packaging Company
Indorama Ventures Public Co., Ltd.
Mpact Limited
Taiwan Hon Chuan Enterprises Co., Ltd.
PDG Plastiques
Esterform Packaging Limited
ALPLA Werke Alwin Lehner GmbH & Co KG
Resilux NV
RETAL Industries Ltd.
C&G Packaging
Research Methodology
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.
The report covers exhaust analysis on
Market Segments
Market Dynamics
Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies involved
Technology
Value Chain
Regional analysis includes
North America (U.S., Canada)
Latin America (Mexico. Brazil)
Western Europe (Germany, Italy, France, U.K, Spain)
Eastern Europe (Poland, Russia)
Asia Pacific (China, India, ASEAN, Australia & New Zealand)
Japan
Middle East and Africa (GCC Countries, S. Africa, Northern Africa)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments.
The report also maps the qualitative impact of various market factors on market segments and geographies.
PET Containers Market - Segmentation
The global market for PET containers is segmented on the basis of container type, technology type, and end-use.
On the basis of container type, the PET containers market is segmented as:
Bottles
Jars
Pails
Crates
Clamshells
Trays, Bowls & Cups
Other containers
On the basis of technology type, the PET containers market is segmented as:
Stretch Blow Molding
Injection Molding
Extrusion Blow Molding
Thermoforming
Other technology
On the basis of end use industry, the PET containers market is segmented as:
