PET containers are one of the economical packaging solutions for packaging carbonated soft drinks, bottled water, edible oil, and other personal care & household products among its counterparts. Burgeoning consumption of ready-to-consume products has propelled the demand for PET containers in the market. The key technologies used for the manufacturing of PET containers are stretch blow molding and injection blow molding.
PET Containers Market: Evolution
PET containers were first introduced in the market during the 1960s. Initially, PET containers were costly and were single-use containers only. However, the PET containers market gained traction due to subsequent knowledge regarding their features and benefits over their counterparts such as glass and metal containers. Costs swiftly dropped as the containers became widely used which led the PET containers market to grow at a fast pace, and now became the most preferred choice of packaging manufacturers.
PET Containers Market – Dynamics
Drivers:
The reason for the high preference for PET containers is due to the several benefits offered by them, which include features such as lightweight, recyclable, sustainable, etc. Consumer preference is towards cost-effective packaging solutions along with convenient and environmentally friendly products.
Trends:
A massive shift in preference from glass containers to PET containers
- In May 2010, Marks & Spencer made a large-scale transition from glass to PET bottles for the packaging of wine to meet consumer demands with out affecting the environment.
- SunPat peanut butter, switched its butter packaging to PET packaging. Premium packaging manufacturers are also switching from glass packaging to PET packaging.
PET Containers Market – Key Players
- Amcor Ltd.
- Aaron Packaging Inc.
- Sonoco Products Company
- Berry Global Inc.
- Alpha Packaging Inc.
- Gerresheimer AG
- GTX HANEX Plastic Sp. z o.o.
- Koksan AS
- Graham Packaging Company
- Indorama Ventures Public Co., Ltd.
- Mpact Limited
- Taiwan Hon Chuan Enterprises Co., Ltd.
- PDG Plastiques
- Esterform Packaging Limited
- ALPLA Werke Alwin Lehner GmbH & Co KG
- Resilux NV
- RETAL Industries Ltd.
- C&G Packaging
PET Containers Market – Segmentation
The global market for PET containers is segmented based on container type, technology type, and end-use.
Based on container type, the PET containers market is segmented as:
- Bottles
- Jars
- Pails
- Crates
- Clamshells
- Trays, Bowls & Cups
- Other containers
Based on technology type, the PET containers market is segmented as:
- Stretch Blow Molding
- Injection Molding
- Extrusion Blow Molding
- Thermoforming
- Other technology
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