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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