all report title image

PET CONTAINERS MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

PET Containers Market, By Container Type (Bottles, Jars, Pails, Crates, Clamshells, Trays, Bowls & Cups, and Others), By Application (Food and Beverage, Personal Care, Household Products, Pharmaceuticals, and Others), By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa)

  • Published In : Dec 2024
  • Code : CMI7644
  • Pages :140
  • Formats :
      Excel and PDF
  • Industry : Packaging

Market Concentration and Competitive Landscape

PET Containers Market Concentration By Players

Close-monitor your Competitor's Move, Request sample copy

Key Developments:

  • In November 2024, Amcor announced an all-stock deal to acquire U.S.-based, Berry Global Group, for approximately US$ 8.4 Bn. This merger aims to create a leading entity in consumer and healthcare packaging, with combined revenues projected to reach US$ 24 Bn. The transaction is expected to enhance Amcor's global footprint and strengthen its position in high-growth sectors, including PET containers. Amcor plc is a leading global packaging company specializing in the development and production of flexible packaging, rigid containers, specialty cartons, and closures for various industries, including food, beverage, pharmaceutical, medical-device, home, and personal care products.
  • In August 2023, Amcor plc, a leading global packaging company headquartered in Zürich, Switzerland, acquired Phoenix Flexibles, a flexible packaging company based in Gujarat, India. With over 40,000 employees and operations in more than 40 countries, Amcor aims to leverage this strategic acquisition to strengthen its presence in the rapidly growing Indian market. This move aligns with the increasing demand for PET containers in the region and underscores Amcor’s commitment to expanding its footprint in emerging markets.

Top Strategies Followed by Global PET Containers Market Players

  • Established Players: Leading PET containers companies extensively focus on research and development to innovate and develop high-performance products. They invest heavily in R&D centers across major markets to conduct experiments with new materials and manufacturing technologies.
    • For instance, Amcor plc invested over US$ 100 million in 2019 on R&D alone to introduce more sustainable packaging solutions. Developing packaging solutions that are recyclable, reusable, or made from bio-based materials to reduce environmental impact.
  • Mid-Level Players: Mid- tier PET containers manufacturers aim to deliver quality products at competitive prices. They strategize on optimizing production processes, negotiating raw material prices, and automating operations to reduce costs. Some collaborate with machinery providers to customize cost-effective machinery editions. For example, Berry Global Group partners with Krones AG to install modified blowing machines that lower manufacturing expenses.
  • Small-Scale Players: Small players focus on specialized product segments like customized shapes, barrier properties, etc. They engage in innovative product design and development to stand out. For example, ALPLA Werke Alwin Lehner GmbH & Co KG specialized in PET containers for niche applications like pharmaceutical and luxury products packaging.

Emerging Startups - Global PET Containers Industry Ecosystem

  • Innovative Technologies- Startups are developing technologies like molecular imprinting and 3D printing to provide solution-specific characteristics to PET containers. Anthropic develops AI algorithms for precision molding and imprinting capabilities. Another example is Carbon whose CLIP technology enables variable-sized 3D printing of PET bottles on demand.
  • Sustainable Solutions- Startups introduce eco-friendly materials and technologies. For example, Reconstruction aims to develop bio-based PET alternatives from renewable feedstocks like agricultural waste. Another startup, Ripple, produces PCR PET resin from post-consumer recycled plastic waste through advanced processing. Their innovations will help reduce the industry's fossil-fuel dependency and facilitate circular economies.
  • Market Contribution- Startups identify niche market needs and fill the gaps. They often partner with corporates to test and scale up. As an example, Full Cycle partners with major brands to test recycled PET packaging suitable for specific applications. Another startup, Evrnu, collaborates with clothing brands to develop clothing fiber from recycled PET bottles.
Key Players Insights
  • Coca-Cola Enterprises, Inc.
  • Amcor plc
  • Berry Global, Inc.
  • Plastipak Holdings, Inc.
  • Nampak Ltd.
  • Graham Packaging Company
  • Alpla Werke Alwin Lehner GmbH
  • RPC Group Plc
  • Krones AG
  • DAK Americas LLC
  • Resilux NV
  • PET Power
  • Sidel Group
  • Epackaging Solutions
  • Evergreen Packaging LLC

Need a Custom Report?

We can customize every report - free of charge - including purchasing stand-alone sections or country-level reports

Customize Now
Logo

Credibility and Certifications

ESOMAR
DUNS Registered
Clutch
DMCA Protected

9001:2015

Credibility and Certifications

27001:2022

Credibility and Certifications

EXISTING CLIENTELE

Joining thousands of companies around the world committed to making the Excellent Business Solutions.

View All Our Clients
trusted clients logo
© 2024 Coherent Market Insights Pvt Ltd. All Rights Reserved.