The market for hinged containers made of polyethylene terephthalate (PET) is anticipated to expand at a respectable CAGR of 6% to 7% from 2022 to 2032. Because of the constantly expanding food and beverage industry and the growing demand for innovative packaging solutions for packaged food commodities, the market for PET-hinged containers is anticipated to witness profitable growth.
Food goods are frequently packaged in the rigid PET-hinged containers, which are noted for their rigid construction. The product has a more affluent look and feel thanks to these packaging choices, which producers can use to raise the product’s maximum selling price and maximise profits. These containers are better suited for transportation than other types of packaging containers because of their advantages of portability and leak resistance.
PET-hinged containers are becoming more and more well-liked throughout the packaging industry as a result of their beneficial characteristics, which include their lightweight, upscale appearance, transparency, resistance to environmental elements like dust, rain, and sunlight, high load-bearing capacity, and durability, among others. Due of this, packaging for foods including meat, fresh fruits and vegetables, snacks, bakery goods, and others is increasingly using these hinged containers.
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What are the Challenges Faced by the PET Hinged Containers Market?
Polyethylene terephthalate is non-biodegradable plastic and pollutes the soil with harmful chemicals during its extremely slow decomposing process, thereby causing harm to the environment. Thus, governments and several regulatory organizations are implementing numerous stringent regulations to curb the use of plastics for packaging, which is in turn, restraining the growth in the market.
In addition, increasing demand for bio-degradable and eco-friendly packaging solutions made of paper and corrugates among customers, owing to rising concerns regarding environmental sustainability, is hindering the sales of PET hinged containers in the market.
Key Segments Profiled in the PET Hinged Containers Market Survey
By Material Type:
- Recycled Polyethylene Terephthalate (R-PET)
- Crystallized Polyethylene Terephthalate (C-PET)
- Amorphous Polyethylene Terephthalate (A-PET)
By Capacity:
- Up to 20 Oz
- 20 Oz to 30 Oz
- 30 Oz to 40 Oz
- More than 40 Oz
By End Use:
- Meat, Poultry, and Seafood
- Fruits & Vegetables
- Ready-to-eat Meals
- Bakery Products
- Snacks Food
- Others
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- Asia Pacific excluding Japan (APEJ)
- Japan
- Middle East and Africa
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Table of Content
- Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
- Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
- Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Impact of Covid-19
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Macro Factors and Forecast Factors
3.4. Value Chain Analysis
3.4.1. Profit Margin Analysis
3.4.2. Raw Material Suppliers
3.4.3. Manufacturers, Wholesalers and Distributors
3.4.4. End Users/ Customers
3.5. Regional Parent Market Outlook
3.6. Production and Consumption Statistics
3.7. Global Average Pricing Analysis Benchmark
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What to Expect in Our Report?
(1) A complete section of the Global PET Hinged Containers market report is dedicated to market dynamics, which include influence factors, market drivers, challenges, opportunities, and trends.
(2) Another broad section of the research study is reserved for regional analysis of the Global PET Hinged Containers market where important regions and countries are assessed for their growth potential, consumption, market share, and other vital factors indicating their market growth.
(3) Players can use the competitive analysis provided in the report to build new strategies or fine-tune their existing ones to rise above market challenges and increase their share of the Global PET Hinged Containers market.
(4) The report also discusses the competitive situation and trends and sheds light on company expansions and mergers and acquisitions taking place in the Global PET Hinged Containers market. Moreover, it brings to light the market concentration rate and market shares of top three and five players.
(5) Readers are provided with findings and conclusions of the research study provided in the Global PET Hinged Containers Market report.
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