Global PET Packaging Market, By Product Type (Bottles and Jars, Bags and Pouches, Trays, Lids/Caps and Closures, and Other Product Types), By Packaging (Disposable PET Packaging and Reusable PET Packaging), By End-User Industry (Food and Beverages, Pharmaceuticals, Personal Care and Cosmetic Industry, Industrial Goods, Household Products, and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2034

The main factors driving the expansion of the worldwide market are PET's high transparency and high-pressure resistance. Furthermore, PET has good packaging and advantageous qualities, including a glossy surface, good stability, lightweight, and good barrier qualities, which fuel the worldwide market's expansion. The target market's growth is also being aided by the rising need for environmentally friendly packaging. Moreover, PET provides a sophisticated image and unique packaging appearance, which drives the expansion of the worldwide market. Nonetheless, the primary obstacle to the target market's expansion is the stringent laws and regulations prohibiting the use of plastic. For example, the French government recently approved a new rule requiring all plastic plates, cups, and silverware to be biodegradable and made of materials derived from biological sources.