In 2023, the global metallized PET cartons market is projected to reach a value of US$ 185.1 million, according to FMI. The market is anticipated to expand at a CAGR of 4.5% between 2023 and 2033, reaching an estimated value of US$ 288.1 million by the end of 2033.
The market is driven by the growing demand for high-quality food and beverage for delivery. With the busy lifestyle of consumers, the demand for ready-to-eat and ready-to-drink products is on the rise. Moreover, the increasing awareness about the importance of proper packaging to maintain the freshness and nutritional value of food has also increased the demand for metallized PET cartons. This is expected to fuel sales of metallized PET cartons.
MET-PET cartons are lightweight, easy to transport, and have a longer shelf life compared to other packaging materials. In addition, they can be easily recycled, which makes them eco-friendly packaging options. The market is also witnessing growth due to the rising demand for convenient and sustainable packaging solutions.
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In Asia Pacific excluding Japan, there is likely to be a continued high demand for metallized PET cartons. A huge share of the global market in terms of value is anticipated to come from this area. The growth of the pharmaceutical, food & beverage sectors in this region is anticipated to lead to a large increase in demand in nations like China and India. According to forecasts for value and demand growth, North America is expected to hold the subsequent position.
Key Takeaways
- The market in the United Kingdom is anticipated to rise, exhibiting a CAGR of 3.46% through 2033.
- The United States dominated the market in 2022 holding a 7% share of the global market.
- In 2022, Japan held a 4.7% market share globally.
- With a CAGR of 5% between 2023 and 2033, India is predicted to develop significantly in the market.
- The market in China is expected to proliferate, registering a CAGR of 8.38% over the forecast period.
- Germany accounted for 4.5% of the global market in 2022.
Competitive Landscape
The top manufacturers of the metallized PET cartons market are Printex Transparent Packaging, Pratiroop Mudran, Pragati Graphics and Packaging Pvt. Ltd., Sierra Coating Technologies LLC, Rich Offset Pvt Ltd., Temple Packaging Pvt Ltd., P.R Packagings Ltd., Globe Print n Pack, Noble Printing Press, Grand Prints Pvt Ltd, Parth Offset, Rajhans Enterprises, Miracle Group India Pvt. Ltd., AR Packaging, Carton Services, American Carton Company, Faller Packaging, General Converting Inc. and others.
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To outshine their competitors, these businesses have employed various tactics. They place a lot of emphasis on innovation, boosting productivity and quality, delivering unrivalled customer service, putting into place cost-saving strategies, distinguishing their goods and services, and developing a sterling reputation for the brand. By introducing fresh products, making acquisitions, forming alliances, reorganizing their companies, and collaborating, they have increased their customers and revenue.
Recent Developments
In 2021 Pragati Graphics and Packaging Pvt. Ltd. made progress in providing its clients and brand owners with flawless print quality. Pragati improved its print quality capabilities by integrating the inline Guardian PQV 100% Print Inspection after seeing success with Baldwin Vision Systems’ Guardian OLP Offline Proofing & Inspection.
In 2020, by integrating effects like embossing and spot UV, Pratiroop Mudran developed metallized PET containers that work wonders for the brand. These cutting-edge printing techniques elevate the packaging for beauty and personal care products.
Metallized Pet Cartons Market By Category
By Material Type:
- Polyethylene Terephthalate (PET)
- Aluminum
- Paperboard
By Finishing:
- Printed
- Non-printed
By End Use:
- Food & Beverage
- Milk
- Yoghurt & Buttermilk
- Fruit Juice
- Carbonated Soft Drinks
- Alcoholic Beverages
- Others
- Pharmaceutical
- Personal Care & Cosmetics
- Others
By Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- The Middle East and Africa (MEA)
About Future Market Insights Inc. (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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