COVID-19: PET Packaging Market 2020-2024 | Increased Demand From Alcoholic Beverage Industry to Boost Market Growth | Technavio

Technavio has announced its latest market research report titled Global PET Packaging Market 2020-2024 (Graphic: Business Wire)

LONDON--()--Technavio has been monitoring the PET packaging market and it is poised to grow by USD 12.13 billion during 2020-2024, progressing at a CAGR of almost 5% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. We offer $1000 worth of FREE customization

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Amcor Plc, Berry Global Group Inc., Constantia Flexibles Group GmbH, Gerresheimer AG, INOAC Corp., KP Holding GmbH & Co. KG, LANINVER SHC SL, Plastipak Holdings Inc., Silgan Holdings Inc., and Tetra Laval International SA are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

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Increased demand for PET packaging from the alcoholic beverage industry has been instrumental in driving the growth of the market. However, the growing demand for substitute packaging products might hamper market growth.

Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations. Download a Free Sample Report on COVID-19 Impacts

PET Packaging Market 2020-2024: Segmentation

PET Packaging Market is segmented as below:

  • End-user
    • Beverages
    • Household Goods
    • Food
    • Pharmaceutical
  • Geography
    • APAC
    • Europe
    • MEA
    • North America
    • South America

PET Packaging Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The PET packaging market report covers the following areas:

  • PET Packaging Market Size
  • PET Packaging Market Trends
  • PET Packaging Market Industry Analysis

This study identifies the growing popularity of lightweight packaging as one of the prime reasons driving the PET Packaging Market growth during the next few years.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.

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PET Packaging Market 2020-2024: Key Highlights

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will assist pet packaging market growth during the next five years
  • Estimation of the pet packaging market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the pet packaging market
  • Analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of pet packaging market, vendors

Table of Contents:

Executive Summary

Market Landscape

  • Market ecosystem
  • Market Characteristics
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

  • Five Forces Summary
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by End-user

  • Market segments
  • Comparison by End user
  • Beverages - Market size and forecast 2019-2024
  • Household goods - Market size and forecast 2019-2024
  • Food - Market size and forecast 2019-2024
  • Pharmaceutical - Market size and forecast 2019-2024
  • Market opportunity by End user

Customer landscape

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • APAC - Market size and forecast 2019-2024
  • Europe - Market size and forecast 2019-2024
  • North America - Market size and forecast 2019-2024
  • MEA - Market size and forecast 2019-2024
  • South America - Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity by geography
  • Volume driver-Demand led growth
  • Market challenges
  • Market trends

Vendor Landscape

  • Vendor Landscape
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • Amcor Plc
  • Berry Global Group Inc.
  • Constantia Flexibles Group GmbH
  • Gerresheimer AG
  • INOAC Corp.
  • KP Holding GmbH & Co. KG
  • LANINVER SHC SL
  • Plastipak Holdings Inc.
  • Silgan Holdings Inc.
  • Tetra Laval International SA

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

Release Summary

The Global PET Packaging Market will grow by $ 12.13 bn during 2020-2024

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/