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Protective Packaging Products Market To Grow As E-Commerce Continues its Exponential Growth8/28/2020 The automation trend is likely to add momentum to the global PET Bottle Recycling Business Plan growth. Deployment of technologies, such as robotics and infrared radiation solutions to sort bottles and execute other recycling procedures, is anticipated to propel the global PET Bottle Recycling Business Plan in years to come.
Segmental Outline The worldwide PET Bottle Recycling Business Plan is assessed in segments to obtain a comprehensive understanding. The market is analyzed based on recycling process and application. By recycling process, the market is segmented into mechanical, methanolysis, glycolysis, and chemical. PET recycling reduces dependency on oil and gas, decreases greenhouse gas emission, and most importantly curb landfills. The availability of different types of recycling procedures gives recyclers the advantage of choices. This is expected to spur the global PET Bottle Recycling Business Plan. By application, the market segments are; pharmaceuticals, consumer goods, beverages, and personal care. An increase in PET packaging application across different verticals can dictate the market progress. Regional Outlook APAC is expected to lead in the global market of PET Bottle Recycling Business Plan. MRFR states that the Asia Pacific PET Bottle Recycling Business Plan is likely to surge at a 6.59% CAGR across the review period owing to several factors. Extensive application of PET in the packaging of food and beverages is identified as the major factor for the expansion of regional market. The presence of numerous key players and they adopting strategic PET bottle recycling business plans are expected to support the regional market expansion. The market in India is expected to thrive at 7.49% CAGR in the forecast period due to increase in the population base that is creating the need for more food consumption. Key Players MRFR profiled key players of the global PET Bottle Recycling Business Plan. They are; CarbonLITE Industries (USA), Clear Path Recycling (USA), Indorama Ventures Public Company Limited (Thailand), Krones AG (Germany), Plastipak Holdings, Inc. (the USA), Phoenix Technologies (USA), PFR Nord GmbH (Germany), and UltrePET LLC (USA). Read More : https://www.articletrunk.com/aluminium-aerosol-can-market-expected-to-grow-at-a-4-27-cagr-during-forecast-2025/ https://www.articletrunk.com/corrugated-and-paperboard-boxes-market-size-share-trends-demand-regional-outlook-and-forecast-to-2023/ https://wwwmarketresearchfuturecom.prnews.io/212547-Beverage-Cans-Market-Share-Global-Trends-and-Forecast-to-2023.html https://wwwmarketresearchfuturecom.prnews.io/212556-Home-Care-Packaging-Market-Share-Outlook-And-Future-Scope-by-2023.html https://wwwmarketresearchfuturecom.prnews.io/212566-Sustainable-Packaging-Market-Share-Research-Report-Forecast-To-2023.html https://wwwmarketresearchfuturecom.prnews.io/212575-Lidding-Film-Food-Packaging-Market-Global-Trends-And-Forecast-To-2023.html The increase in consumption of beverages and the rise in demand for aerosol cans are factors that are expected to surge the market of metal packaging in the review period. Applications of metal packaging spread across verticals, such as food and beverages, chemicals, healthcare, personal care, and others.
Segmental Overview The Metal Packaging Industry is segmented based on type, material, and application. By material, the market is classified into steel, aluminum, and others. In 2018, the steel segment held the largest share of the market. The aluminum segment is expected for a high rise in profit. It is due to the high demand for carbonated soft drinks, beer, and energy drinks. By application, the market is classified into healthcare, food & beverages, chemical, personal care, and others. The food and beverage segment that held a large portion of the global market share in 2018, is expected to retain its superiority across the review years. The extension in shelf lives and better protection offered by metal packaging to food and beverage are factors that can boost the market growth. Regional Outlook The Metal Packaging Industry in North America held the pole position in 2018. By the end of 2025, the market is expected to retain the position due to the rise in demand for convenient food that requires effective packaging. The market in the United States is expected to generate the highest revenue for the regional market in the years to come. The high dependency of people in the US on canned beverage and food are expected to surge the regional market. The Asia Pacific Metal Packaging Industry is expected to thrive at high CAGR in the review years. Key Players MRFR listed some of the high profile companies that are operating in the global Metal Packaging Industry. They are; Crown Holdings, Inc. (the US), BWAY Corporation (US), Ardagh Group (Ireland), Toyo Seikan Group Holdings (Japan), CPMC Holdings Limited. Read More : https://delawarepolicenews.org/news/34724/tube-packaging-market-size-business-revenue-future-scope-market-trends-key-players-and-forecast-to-2023/ https://www.techsite.io/p/1658707 https://www.techsite.io/p/1658713 https://www.techsite.io/p/1658715 https://marketresearchposts.com/2020/08/28/beverage-cans-market-share-business-revenue-future-scope-trends-key-players-and-forecast-to-2023/ https://marketresearchposts.com/2020/08/28/home-care-packaging-market-share-size-share-8-5-cagr-till-forecast-2023/ |
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October 2020
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