Global PET Packaging market is projected to grow at a CAGR

Visiongain has published a new report entitled the PET Packaging 2022-2032. It includes profiles of PET Packaging and Forecasts Market Segment by Packaging Type, (Rigid Packaging, Flexible Packaging) Market Segment by Beverage Packaging, (Water Packaging, Carbonated Soft Drinks Packaging, Other Beverages Packaging) Market Segment by Pack Type, (Bottles & Jars, Bags & Pouches, Trays, Lids/Caps & Closures, Other Pack Type) Market Segment by End-Use, (Beverage Packaging, Food Packaging, Personal Care & Cosmetics Packaging, Household Products Packaging, Pharmaceutical Packaging, Other End-Use) Market Segment by Filling Technology, (Hot Fill, Cold Fill, Aseptic Fill, Other Filling Technology) PLUS COVID-19 Impact Analysis and Recovery Pattern Analysis (V-shaped, W-shaped, U-shaped, L-shaped) Profiles of Leading Companies, Region and Country.

The global PET packaging market was valued at US$74,320 million in 2021 and is projected to grow at a CAGR of 5.9% during the forecast period 2022-2032.

The global PET packaging market accounted for US$74,320 million in 2021 and is expected to grow at a CAGR of 5.9% during the forecast period to reach US$137,564 billion by 2032. Some of the factors driving the market growth are the world’s rapidly expanding population that has resulted in an exponential increase in packaged items that require PET packaging; rising consumer awareness of environmentally friendly products, along with western influence, is the major driver driving the PET packaging market’s expansion. Also, for brand uniqueness, there is a growth for customised and different-sized packets. PET packaging is also in high demand in other industries such as food, pharmaceuticals, and healthcare.

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How has COVID-19 had a significant negative impact on the PET Packaging Market?

COVID-19 has an influence on 2020 collection rates….