Market Share of PET Packaging Industry
The PET packaging market is fragmented and consists of several major players, such as Amcor Ltd, Gerresheimer AG, Berry Global Group Inc., Silgan Holdings Inc., and Resilux NV. These market players with a significant market share are concentrating on growing their international consumer base. These businesses use tactical joint ventures to raise their market share and profitability. For instance,
- In May 2024, LPLA, a plastic packaging company, unveiled a recyclable wine bottle crafted from polyethylene terephthalate (PET). This innovative solution slashes carbon footprints by a remarkable 50%, offering potential cost savings of up to 30%. Available in both 750 ml and one-liter capacities, these bottles are meticulously designed to streamline bottling and shipping operations. Notably, the 750 ml PET bottle weighs a mere 50 g, just 12.5% of the weight of its traditional glass counterparts.
- In April 2024, The Coca-Cola Co. rolled out redesigned, lighter polyethylene terephthalate (PET) bottles across its sparkling beverage range in the United States and Canada. This initiative is a key part of the company's overarching goal to foster a circular economy within its packaging realm. Notably, these bottles boast innovative shapes that significantly reduce the raw materials needed for their production. The company has crafted distinct designs for its Coca-Cola and Sprite bottles while unifying the look of its other sparkling brands and Minute Maid offerings.
PET Packaging Market Leaders
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Amcor Ltd.
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Gerresheimer AG
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Berry Global Group Inc.
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Silgan Holdings Inc.
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Resilux NV
*Disclaimer: Major Players sorted in no particular order
