Global PET packaging market 2016 – 2021

24 August 2016

According to a report by MarketsandMarkets (M&M), the market for PET packaging is projected to grow from USD 57.64 Billion in 2016 to USD 74.32 Billion by 2021, at an estimated CAGR of 5.21%. The market is growing due to increasing demand in end-use industries such as food, beverage, pharmaceutical, and personal care & cosmetics.
The PET packaging market is segmented on the basis of end-use industry into food, beverage, personal care, household products, pharmaceutical, and others which include consumer durables. In 2015, the food segment accounted for the largest share of the end-use industry segment and it is projected to grow at a highest CAGR during the forecast period.
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