PET Packaging Market | COVID-19 Impact and Outlook
Segmentation The global PET Packaging market has been segmented based on form, packaging type, pack type, and end-use industry. Regional Analysis Region-wise, the PET packaging market has been segmented into North America, Europe, Rest-of-the-World (RoW), and Asia Pacific (APAC). The global PET packaging market was led by APAC in 2016 and is estimated that APAC will register the highest CAGR over the forecast period. The economic upturn in the region has considerably increased the demand for packaged goods in the region. Moreover, due to low operating cost, the presence of supportive policies, and low labor cost, various packaging companies are setting up their facilities in the region. Expansion of end-use industries such as pharmaceutical, food & beverage, and healthcare is favoring the growth of the market. The developed regions of North America and Europe are matured markets for PET packaging. These regions have been generating consistent demand for PET packag...