10-Oct-16 Polyethylene terephthalate (PET) round containers offer security for beverage & food, pharmaceutical and medical, personal care applications is authorized by health authorities across globe. PET containers are standard for water, juices, packaging sodas, cooking oil, salad dressings, shampoo, peanut butter, liquid hand soap, pharmaceuticals, mouthwash, even tennis balls. PET round containers are baked goods containers and take-out containers, with good chemical resistance, high clarity, high impact resistance, better gas and moisture barrier, provide food content safety, and temperature tolerance.
The growth in this market is primarily attributed to the rising health risks related to insufficient products and the economic damages caused by the manufacturers are the major factors responsible for the increasing global demand for PET round containers market in food & beverages market, as per Transparency Market Research.
Moreover, the other factors such as its benefits to sustain the shelf quality of the food and to regulate external environment conditions and its resistance to oil, chemical, acid is mainly practiced in the Asian and European region. Moreover, the hot-sealable property of PET round containers benefits to manufacturing the seal-tight lids and caps. Moreover, the rapid growth in plastic industry in Europe and Asia-Pacific regions is fuelling growth.
On the other hand, the major factor which restraining growth is demand for PET plastic pouches and rising environmental concerns.
North America is experiencing the rapid increase in the production capacity of the particular product. Also, the demand is very high in US and Canada due to the low labor cost, and advanced industrialization largely contribute to market growth. Asia Pacific is also expected to witness steady growth during the forecast period primarily attributed to a growing level of awareness for food safety and, especially in China and India. The Europe market is projected to register healthy growth for the early adoption by the marketers.
Some of the key players are Clack Corporation, Alameda Packaging, Canyon Plastics, Inc., Valencia Plastics Inc., Alpha Packaging and many others.
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