The purpose of this comprehensive forecast report presented by Fact.MR is to elaborate the various market projections impacting the global PET containers market size during the period through 2018-2028. This assessment delivers high-end statistics concerning market size, growth in trends and revenue share (US& Mn) linked to different geographies and segmentation types. The PET packaging industry is continuing its growth owing to factors such as high demand for low weight, single-serving, and eco-friendly packaging formats. This trend is particularly true for beverage manufacturers, who are displaying renewed interest towards the practices of recycling and minimization of resource requirements.
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Forming and Blowing Technologies Witness Innovation in Field
Manufacturers are rapidly adopting technologies and equipment for achieving the production of PET containers in a single step. These serial production processes such as extrusion blow molding will not only help in generating substantial savings in resources such as raw materials, but can also result in massive savings of up to 50 per cent on the basis of energy consumption.
Further, equipment manufacturers are working to shape their products into more compact variants, which allows the adoption of PET container production equipment even into smaller facilities. Businesses in the field are also displaying a trend of increased production facilities, technology development centers, enhancements to ordering capacities, and new testing and measuring equipment.
Sustainability Gains Attention through Post Consumer Recylate Applications
PET is very popular owing to its characteristics of transparency and recyclability. With increasing investments being made by governments and private bodies towards the expansion of recycling facilities, a large portion of PET containers is produced from recycled PET. This trend is also promoting the manufacture and usage of customized machinery, which improves on achieving the sustainability aims of companies from around the globe.
Numerous businesses including retailers and packaging firms are setting targets to partially or completely reuse recyclable packaging in the near future. Consequently, higher rate of post-consumer recyclate and recycling activity will play key roles in the sustainable consumption and production of plastics for the long term.
PET Containers Market: Overview
The global PET containers market has been comprehensively studied to identify unique insights on the industry for the period between 2017 and 2026. This report provides essential information on market developments in terms of macro and microeconomic factors that affect market growth, in addition to projecting future trajectories of growth in the PET containers market.
The report will also provide readers with trustworthy data on market changes, on the basis of competitive activities and obstacles being faced by emerging businesses. This can assist in the identification and make use of sustainable avenues for revenue. To increase the understanding of readers, the report has also been methodically separated into unique chapters. A chapter on market segments has also been added to for the basic data on estimates of growth. Readers will also learn about regional assessments of major influencers, along with a country-wise analysis and a forecast for the PET containers market.
PET Containers Market: Competition Landscape
This section of the report gives essential information on key participants in the market. Dashboards of each profile, with essential insights on their SWOT analysis and market contribution, product portfolio, and new developments will help the readers’ understanding about the competitive environment.
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