LONDON--(BUSINESS WIRE)--Global procurement intelligence advisory firm, SpendEdge, has announced the release of their ‘PET Packaging Market Procurement Research Report.’ The insights and data in this report provide a strategic analysis of the supply markets, factors influencing purchasing decisions, procurement best practices, pricing models, supplier landscape, and an analysis of the supplier capability matrix for the packaging and labeling industry. This report breaks down the data and analysis behind the procurement of PET packaging and acts as an all-inclusive guide for making smart purchasing decisions.
“The global PET packaging market is experiencing a promising growth, owing to the demand from end-user industries such as F&B,” says SpendEdge procurement analyst Bhuvaneshwari Udayakumar. “Also, APAC has some of the most populated countries which creates a growing demand for packaged products,” added Bhuvaneshwari.
Looking for more insights from this report? Request a free sample report
SpendEdge sample reports are free of charge and provide insights that focus on cost-saving aspects of procurement and optimization of category spend.
Procurement analysts at SpendEdge highlight the following top three market trends that are contributing to the growth of the Global PET Packaging Market:
- Reduction in weight of PET containers
- Advent of small- volume SKUs
- Impact of circular economy on PET industry
This report is available at USD 1000 discount for a limited time only: View the report snapshot before purchasing
Reduction in weight of PET containers
In the PET packaging category, the suppliers are planning to reduce the materials in the packaging techniques to achieve material efficiency and further minimize the weight of PET containers. This provides the room for a large shipment as the weight of the packaging reduces.
Advent of small- volume SKUs
In the recent years, there is a growing trend of miniaturization of the liquid PET packaging segment. This helps the suppliers provide larger customer reach for buyers, as they can target individual customers.
Impact of circular economy on PET industry
PET packaging is completely recyclable and provides the room for reducing environmental impacts. The suppliers also provide sustainability in the supply of raw materials and reduces production costs.
View our report snapshot to gain detailed insights into the current market trends.
Get unlimited access to all our reports. Our Insights platform provides ready-to-use procurement research reports, latest supplier news, innovation landscape, markets insights, supplier tracking, and much more at the click of a button. Start your 14-day trial now.
We also customize reports to meet clients’ requirements.
- Global Expanded Polystyrene Packaging Category - Procurement Market Intelligence Report
- Global Nylon Packaging Category-Procurement Market Intelligence Report
- Global Glass Bottles and Containers Category - Procurement Market Intelligence Report
- Global Industrial Labels Category - Procurement Market Intelligence Report
SpendEdge shares your passion for driving sourcing and procurement excellence. We are a preferred procurement market intelligence partner for Fortune 500 firms and other leading companies across numerous industries. Our strength lies in delivering robust, real-time procurement market intelligence that helps sourcing and procurement professionals make informed decisions. These innovative procurement solutions help enterprises transform structural capabilities, improve execution efficiency, and fast-track time to savings.