Friday, August 24th, 2018 - Fact.MR

The Asia Pacific PET containers market continues its bullish run, as cost-effective packaging gains prominence among food and beverage companies. The lucrativeness of the Asia Pacific PET containers market can be gauged from the fact that demand in the region accounts for 60% of total global volume. Fact.MR in its report on PET containers market maintains that Asia Pacific will maintain its prominence in the global PET containers market throughout the assessment period 2018-2028.


Analyzing the key factors influencing demand for PET containers, the report lists growing popularity of single-serve beverages and manufacturer focus on offering a range of packaging styles and formats. The momentum in the market is likely to continue as a combination of factors, including urbanization, e-commerce boom, and launch of hypermarkets influence the market positively. The lucrativeness of the region has influenced global giants including PepsiCo and Coca-Cola to bolster their presence in the region. The Fact.MR study offers detailed market forecast and sizing on various types of PET containers. According to the report, PET bottles remain the highest selling category, with PET jars a distant second in terms of revenues.

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The PET containers market in Asia Pacific is concentrated in China and India, with the potency in these economies reflecting on the broader packaging industry. The outlook on China and India remains positive, as these Asian giants compete for global economic supremacy. The underlying factors, such as mass migration to cities and changing lifestyles is likely to push up demand for beverages, which in turn will augur well for the prospects of the PET containers market.

The Fact.MR research on PET bottles market offers a positive outlook; however, stringency in regulations has led manufacturers to adopt sustainable alternatives. Growing concerns on the use of plastic bottles and jars has led to bans and restrictions in many parts of the world, impacting the prospects of manufacturers. These developments have also influenced manufacturers to adopt recycled PET containers. According to PET Container Recycling Europe, the recycling rate in Europe has witnessed an increase of over 7% in 2016 over 2014.

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The research study on PET bottles market also offers global market analysis and forecast. According to the study, the global PET bottles market is likely to grow at a CAGR of over 5% during the assessment period. The competitive landscape in the PET containers market remains highly fragmented, with a number of local players holding sway in certain markets. Plastipak Holdings, a leading multi-national player, has over 3% revenue share – according to the study, nearly 35% revenue share in the PET containers market is held by top ten players. The report profiles some of the leading players in the PET containers market including  Plastipak Holdings, Inc., RETAL Industries Ltd., ALPLA Werke Alwin Lehner GmbH & Co KG, Resilux NV, Taiwan Hon Chuan Enterprises Co., Ltd., Esterform Packaging Limited, Berry Group, Inc, Indorama Ventures Public Co., Ltd, Zhongfu Enterprise Co Ltd., and Eskapet Pet Ürünleri Kimya San. ve Tic. Ltd.

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