APAC to Spearhead PET in Packaging Market
PET (polyethylene terephthalate) packaging has gained prominence in recent years. PET packaging was initially used for packaging soft drinks, but their usage has expanded to a wide range of packaging application. Market Research Future (MRFR) has launched a comprehensive report on the global PET packaging market, which is backed by historic data as well as forecast for the period of 2018-2023. MRFR has projected a CAGR of 5% in the PET in packaging . The PET in packaging market growth is substantiated by the expansion of key end-use industries, which include food & beverages, pharmaceuticals, cosmetics, personal care, and consumer goods. PET packaging offers various advantages over other packaging solutions. They provide enhanced protection from spoilage and aid in the retention of the attributes such as taste, aroma, texture, and look. Stringent government regulations pertaining to food safety have propelled the demand for PET packaging. Additionally, the development of...