The global Pet Packaging Market size was USD 58.8 Billion in 2022 and is expected to register a revenue CAGR of 5% over the forecast period, according to the latest report by Reports and Data.
The growing e-commerce trend, which necessitates effective and long-lasting packaging options to ensure the secure delivery of goods, is also fueling demand for pet packaging. As a result, innovative packaging options, such as Stand-Up Pouches, have been developed to provide consumers with convenience and ease of use.
The increasing popularity of convenient and portable packaging solutions is propelling the growth of the pet packaging market. This surge is mainly driven by the increasing demand for on-the-go products like snacks and beverages. Additionally, there is a rising need for flexible packaging options, such as pouches and bags, to meet the growing demand for packaged food and beverages, including pet food.
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Some Key Highlights from the Report
- In 2022, bottles claimed the largest portion of revenue in the market. Plastic bottles, in particular, have gained popularity among consumers due to their ease of use, portability, and durability. Furthermore, the rise of e-commerce platforms has boosted the demand for plastic bottles because they are cost-effective to transport and lightweight, reducing shipping costs. Additionally, the market has seen an increase in the demand for recycled plastic bottles, aligning with the trend toward environmentally friendly packaging.
- Food and Beverage: The food and beverage industry is a major end-user of PET packaging. PET bottles and jars are commonly used in the packaging of carbonated soft drinks, juices, water, sports drinks, sauces, and condiments. The growing popularity of convenience foods and beverages has increased the demand for PET packaging. The shift in customer preferences toward sustainable packaging solutions has also increased demand for PET packaging in the food and beverage industry.
Packaging Market Segmentation:
By Product Type Outlook:
- Bottles
- Jars
- Trays
- Clamshells
- Bags
- Others
By End-Use Outlook:
- Food & Beverage
- Personal Care & Cosmetics
- Pharmaceuticals
- Household Products
- Industrial Goods
- Others
Key Regional Markets Covered in the Report:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
Top Companies Profiled in the Report:
- Amcor Limited: Amcor is a global leader in pet packaging solutions, offering a wide range of products for various applications, including food and beverage, healthcare, and personal care.
- Berry Global Group, Inc.: Berry Global is a leading provider of pet packaging solutions, offering a comprehensive range of products for various industries, including food and beverage, healthcare, and consumer goods.
- Plastipak Holdings, Inc.: Plastipak is a global provider of pet packaging solutions, offering a broad range of products, including bottles, containers, and closures, for various industries, including food and beverage, household and industrial chemicals, and personal care.
- Resilux NV: Resilux is a European-based manufacturer of pet packaging solutions, offering a comprehensive range of products, including preforms, bottles, and containers, for various industries, including food and beverage, household and industrial chemicals, and personal care.
- Gerresheimer AG: Gerresheimer is a global manufacturer of high-quality pet packaging solutions for the healthcare, pharmaceutical, and cosmetics industries.
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Some Points on How the Report Benefits Readers:
- Deep-dive analysis of the key drivers, opportunities, and restraints.
- Qualitative and quantitative analyses of the global Pet Packaging market.
- Comprehensive analysis of the key regional markets and their respective revenue CAGRs.
- Precise evaluation of each regional market’s production & consumption capacities.
- An overview of the highly competitive environment of the Pet Packaging industry and company overviews.
- Focus on the key strategies implemented by the key market players, such as partnerships, collaborations, acquisitions, new product launches, and various other strategies.
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