Jan 23, 2020   SOURCE: BusinessWire

PET Packaging Market Procurement Intelligence Report | Evolving Opportunities with Berry Global and Amcor in the PET Packaging Market | SpendEdge

SpendEdge has been monitoring the global PET packaging market and the market is poised to experience spend growth of more than USD 16 billion between 2019-2024 at a CAGR of over 4% during the forecast period. Request Free Sample Pages.

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Read the 135-page research report with TOC and LOE on "The Global PET Packaging Market – Procurement Intelligence Report, Pricing Outlook in Geographies that include APAC, North America, South America, and MEA, top suppliers, supplier selection and negotiation strategies, and insights into best practices to optimize procurement spend.”

Despite a substantial demand from the food and beverage sector owing to the increase in the sales of packaged foods, restrictions imposed on the usage of plastic and the growing preference for paper-based packaging will inhibit the prospects of growth in the PET packaging market during the forecast period.

The exponential demand for packaged food and drinks coupled with the prevalence of favorable FDI policies will drive spend growth in the PET packaging market in APAC. North America is expected to witness limited growth owing to the growing environmental awareness regarding the usage of plastic.

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The Top PET Packaging Suppliers Enlisted in this Report:

Sustainability will play an integral role in aiding buyers to determine the viability of partnering with suppliers. This, in turn, will not only aid buyers to achieve their own sets of sustainability goals but also identify areas to save costs. On this note, this report has listed the top PET packaging suppliers, SLA agreement insights, and the selection and negotiation strategies that buyers must undertake to achieve optimal procurement in this market. Insights into some of the suppliers are given below:

Berry Global- It is among those PET packaging suppliers who are known to focus on the development of lightweight PET packaging and bio-PET packaging material, which contains plant-based renewable resources. Last year, Berry Global announced the introduction of 100% recyclable BioPET bottles, particularly designed for beauty and personal care products.

Amcor- Last year, Amcor developed the first lightweight PET bottle for pasteurized beer in Brazil. Partnering with this supplier will help buyers reduce their transportation costs owing to the reduced weight of the cargo. Manufacturing such bottles will also help this supplier to reduce its raw material costs which can be leveraged by buyers to negotiate on PET bottle prices.

DowDuPont- It is known to take water conservation efforts such as reducing water required for business operations and harvesting rainwater. This supplier installs low-flow faucets and treats wastewater for reuse in non-critical operations such as restroom facilities to curtail water consumption.

Buy 1 report and get the second for 50% off. Buy 2 reports and get the third for free. Download the free sample of this report on the PET packaging market.

Some of the key topics covered in this report are:

  • PET packaging market spend segmentation by region
  • PET packaging supply market analysis
  • Regional spend opportunity for PET packaging suppliers
  • PET packaging suppliers cost structure
  • Total cost of ownership analysis in the PET packaging market
  • PET packaging pricing models analysis
  • Category management objectives
  • Cost saving opportunities in the PET packaging market

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