IMARC Group has recently released a new research study titled “Europe PET Packaging Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a detailed analysis of the Europe PET packaging market growth drivers, segmentation, opportunities, trends and competitive landscape to understand the current and future market scenarios.

The market size reached US$ 9.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 13.4 Billion by 2028, exhibiting a growth rate (CAGR) of 6.79% during 2023-2028.

What is PET packaging?

PET packaging refers to the use of polyethylene terephthalate (PET) material for packaging applications across various industries. PET is a lightweight, transparent, and versatile polymer that is widely used for packaging a wide range of products, including beverages, food, personal care items, pharmaceuticals, and household products.

PET packaging offers several advantages that make it a popular choice for packaging solutions. PET is lightweight, which reduces transportation costs, energy consumption, and carbon emissions throughout the supply chain. Because of lightweight, it offers convenience of usage to consumers, making it easy to carry and handle.

PET is a transparent material that allows consumers to see the contents of the package, which is particularly beneficial for products that rely on visual appeal for marketing. The clarity of PET packaging enhances product visibility and brand recognition on store shelves. Additionally, PET is a highly durable and shatter-resistant material, ensuring the protection and safety of the packaged products during handling and distribution. It provides an excellent barrier against oxygen, moisture, and other external factors, helping to maintain the product’s freshness, flavor, and quality.

Furthermore, PET packaging is available in various forms, including bottles, jars, trays, films, and blister packs, offering versatility in meeting diverse packaging needs across industries. PET is also recyclable, contributing to its sustainability and environmental appeal. It can be collected, sorted, and processed into recycled PET (rPET) to produce new packaging or other PET-based products. The recycling of PET helps reduce waste, conserve resources, and decrease the environmental impact of packaging.

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What are the growth prospects and trends in the industry?

The increasing demand for packaged beverages, including carbonated soft drinks, bottled water, juices, and alcoholic beverages represents one of the significant factors driving the growth of the market across Europe. This, coupled with the convenience and portability of PET bottles and their ability to preserve the quality and freshness of beverages, is acting as a major growth-inducing factor.

The market is also driven by the increasing preference for lightweight and sustainable packaging solutions, along with the rising environmental concerns. In addition to this, significant technological advancements in PET packaging manufacturing processes and equipment, resulting in improved efficiency, productivity, and product quality, including the developments in bottle design, barrier properties, and packaging formats, such as preforms, and closures are further propelling the growth of the market.

Apart from this, changing consumer lifestyles, including a rise in on-the-go consumption, coupled with the expansion of food and personal care industries is driving the demand for PET packaging, which, in turn, is boosting the growth of the market. Moreover, the extensive use of PET packaging for products, such as sauces, condiments, dressings, edible oils, cosmetics, and toiletries, is further driving the growth of the market.

Other factors, such as the stringent regulations and standards regarding packaging materials and their environmental impact and the increasing investment in the development of PET recycling infrastructure, including collection, sorting, and recycling facilities, are creating a positive outlook for the market across the region.

Key Market Segmentation:

The report has segmented the Europe PET packaging market based on packaging type, form, pack type, filling technology, end user and country.

Breakup by Packaging Type:

  • Rigid Packaging
  • Flexible Packaging

Breakup by Form:

  • Amorphous PET
  • Crystalline PET

Breakup by Pack Type:

  • Bottles and Jars
  • Bags and Pouches
  • Trays
  • Lids/Caps and Closures
  • Others

Breakup by Filling Technology:

  • Hot Fill
  • Cold Fill
  • Aseptic Fill
  • Others

Breakup by End User:

  • Beverages Industry
    • Bottled Water
    • Carbonated Soft Drinks
    • Milk and Dairy Products
    • Juices
    • Beer
    • Others
  • Household Goods Sector
  • Food Industry
  • Pharmaceutical Industry
  • Others

Breakup by Country:

  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Others

Competitive Landscape With Key Players:

The competitive landscape of the Europe PET packaging market has been studied in the report with the detailed profiles of the key players operating in the market.

Explore Full Report With TOC & List of Figures: https://www.imarcgroup.com/europe-pet-packaging-market

Key Highlights of the Report:

  • Market Performance (2017-2022)
  • Market Outlook (2023-2028)
  • Market Trends
  • Market Drivers and Success Factors
  • Impact of COVID-19
  • Value Chain Analysis
  • Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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