Instant Noodles Global Market Report 2023 – By Type (Fried Noodles, Non-Fried Noodles), By Packaging (Packets, Cups), By Distribution Channel (Supermarkets Or Hypermarkets, Specialty Stores, Convenience Stores, Online Stores, Other Distribution Channels) – Market Size, Trends, And Global Forecast 2023-2032

Polyethylene terephthalate is a high-gloss, crack-resistant transparent plastic. These are general-purpose thermoplastic polymers produced by the reaction of mono ethylene glycol (MEG) and purified terephthalic acid (PTA) and are known for their excellent combination of mechanical, thermal, chemical, and dimensional stability. The main product types of polyethylene terephthalate are virgin and recycled. Recycling is the process of reusing something after undergoing a series of changes or treatments. The applications are beverages, sheets & films, consumer goods, food packaging, and others (cosmetic bottles and household products). The end-use industries are packaging, electrical & electronics, automotive, construction, and others (material handling and strapping). The global polyethylene terephthalate market is segmented - 1) By Product Type: Virgin, Recycle 2) By Application: Beverages, Sheets & Films, Consumer Goods, Food Packaging, Other Applications (Cosmetic Bottles and Household Products) 3) By End User Industry: Packaging, Electrical & Electronics, Automotive, Construction, Other End Use Industries (Material Handling and Strapping) The global polyethylene terephthalate market size will grow from $39.18 billion in 2022 to $42.71 billion in 2023 at a compound annual growth rate (CAGR) of 9.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global polyethylene terephthalate is expected to grow from $59.39 billion in 2027 at a CAGR of 8.6%. The rising demand for polyethylene terephthalate in food and beverage packaging, such as carbonated soft drink packaging, contributed to the growth of the polyethylene terephthalate market. The increasing demand for bottled drinks and glass and metal container replacements finds no better alternatives to polyethylene terephthalate due to its versatility in shape and size. According to the Plastics Industry Association, a US-based plastic industry association, the plastics manufacturing shipments saw a 0.9% increase in 2020 and observed a 2.2% increase in 2021. The rising demand in the food and beverage packaging industry increased the demand for polyethylene terephthalate during the historic period, driving the market. Major players in the polyethylene terephthalate market report are Far Eastern New Century Corporation, Hengli Group Co. Ltd., Indorama Ventures Public Company Limited, JBF Industries Ltd., Jiangsu Sanfangxiang Group, Lotte Chemical Corporation, Octal, Reliance Industries Ltd., Saudi Basic Industries Corporation (SABIC), and Sinopec Group. Strict regulations on the use of plastic are a major challenge in the polyethylene terephthalate market. Governments across the world are imposing restrictions on plastic products such as bottles and single-use plastics and are raising awareness about recycling plastic materials. For instance, in June 2022, the US Interior Department, the executive department of the US federal government announced that it will ban the sale of single-use plastic on public lands, national parks by 2032.. Furthermore, according to the Federation of Indian Chambers of Commerce and Industry, India produces about 33 million pounds of plastic waste each day, and 60 percent of it is recycled. That’s approximately 24 pounds of waste per person per year, compared with 62 pounds globally. Imposing strict regulations on manufacturing and recycling plastic products has a negative impact on the polyethylene terephthalate market. Major companies are increasingly manufacturing bio-based PET using partially recyclable materials. Bio-based PET is a lightweight, recyclable, biodegradable, and reusable bioplastic material derived from biomass. It consists of 30% plant-derived ethanol glycol and 70% terephthalic acid derived from fossils. This is also used for the packaging of soft drinks, alcoholic beverages, food products, cosmetics, pharmaceutical products, and edible oils. The desire to use environmentally friendly products and stringent regulations have encouraged the use of bio-friendly products in industries and have resulted in an increased demand for bio-based PET. For instance, Eastlon consists of 30% renewable raw materials. Bio-PET has the same mechanical and thermal properties as fossil PET as a drop-in bioplastic.Applications include transparent packaging and bottles. Eastlon is 100% recyclable. A demonstration plant with an expected capacity of 18,000 tons of biomass will be built in Ontario (Canada) and will start producing 100% bio-based PET bottles by 2020. In January 2020, DAK Americas, a US-based company and the largest integrated producer of PET resins in the world and the main producer of polyester staple fibers, headquartered in North Carolina, United States, acquired Perpetual Recycling Solutions for an undisclosed amount. The acquisition of Perpetual and rPET capacity confirms Alpek Polyester’s ongoing dedication to sustainable product offerings to meet consumer demand for rPET content. Perpetual Recycling Solutions is a US-based company that is a high-quality manufacturer of post-consumer recycled PET resin. Asia-Pacific was the largest region in the polyethylene terephthalate market in 2022. North America was the second-largest region in the global polyethylene terephthalate market share. The regions covered in the polyethylene terephthalate market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the polyethylene terephthalate market are Brazil, China, France, Germany, India, Indonesia, Japan, South Korea, Russia, the UK, the USA, and Australia. The polyethylene terephthalate market consists of the sales of polyethylene terephthalate used in the production of PET bottles and jars, carpet, clothing, industrial strapping, rope, and automotive parts. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The polyethylene terephthalate market research report is one of a series of new reports from The Business Research Company that provides polyethylene terephthalate market statistics, including polyethylene terephthalate industry global market size, regional shares, competitors with a polyethylene terephthalate market share, detailed polyethylene terephthalate market segments, market trends and opportunities, and any further data you may need to thrive in the polyethylene terephthalate industry. This polyethylene terephthalate market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Eco-friendly food packaging refers to a process in which food is packaged using materials that are safe for the environment and can be degradable. The materials must be contained in order to prevent tampering or contamination from physical, chemical, or biological sources; active packaging is the most popular type of packaging used to keep food products safe. The main types of eco-friendly food packaging are recycled content packaging, reusable packaging, and degradable packaging. The degradable eco-friendly food packaging is a substitute for petrochemical-based polymers. The common biodegradable materials used in food packaging are chitosan, starch, gelatin cellulose, and polylactic acid. The different materials include paper and paperboard, metal, glass, plastic, and others and use various techniques such as active packaging, molded packaging, multipurpose packaging, and alternate fiber packaging. The various applications include food and beverages, bakery and confectionery, dairy products, meat products, fruits and vegetables, convenience food, and others. The global eco-friendly food packaging market is segmented - 1) By Type: Recycled Content Packaging, Reusable Packaging, Degradable Packaging 2) By Material: Paper And Paperboard, Metal, Glass, Plastic, Other Materials 3) By Technique: Active Packaging, Molded Packaging, Multipurpose Packaging, Alternate Fiber Packaging 4) By Application: Food And Beverages, Bakery And Confectionery, Dairy Products, Meat Products, Fruits And Vegetables, Convenience Food, Other Applications The global eco-friendly food packaging market size grew from $213.26 billion in 2022 to $229.38 billion in 2023 at a compound annual growth rate (CAGR) of 7.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The eco-friendly food packaging market size is expected to grow to $316.31 billion in 2027 at a CAGR of 8.4%. The growing consumer awareness about the drawbacks of using single-use and non-degradable plastic products for food packaging is driving the growth of the eco-friendly food packaging market. Widespread usage of single-use and non-degradable plastic packaging products affects the environment adversely. Plastic takes hundreds of years to decompose in a landfill and for such a long period the plastic waste will be there in the surroundings and cause several harm to the environment and ultimately harms the life of plants, animals, and human beings. For instance, according to the World Economic Forum report, countries such as Germany and Austria are the leaders in recycling waste at the rate of 56% and 52% respectively. In addition, some countries, such as Wales, have set lofty recycling goals for themselves. Wales is aiming for zero waste by 2050, while the EU is considering setting a new 2030 target of at least 65%. Therefore, increasing awareness among the consumer about the hazards of using plastic products for food packaging is expected to propel the growth of the eco-friendly food packaging market over the coming years. Major players in the eco-friendly food packaging market are Amcor, Mondi plc, Sealed Air Corporation, Ball Corporation, Tetra Pak, BASF, Huhtamaki Oyj, Westrock, Smurfit Kappa Group, Sonoco, Evergreen Packaging, Elopak, Winpak Ltd., Printpak, PaperFoamBV, Be Green Packaging, DS Smith plc, DuPont, and Crown Holdings Inc. Technological advancement is a key trend gaining popularity in the eco-friendly food packaging market. Major market players are concentrating their efforts on creating innovative technologies for migrating to environmentally friendly food packaging solutions to reduce environmental impact and keep plastic out of landfills and the ocean. For example, in October 2022, HuhtamäkiOyj, a Finland-based consumer packaging company, launched an innovative, recyclable ice cream packaging solution based on paper-based technology. This packaging solution is constructed of 95% renewable biobased material thanks to a water-based barrier coating and paperboard that has received SFI certification. This innovation helps to reduce packaging costs, waste, and environmental pollution. In July 2021, ProAmpac, a US-based company engaged in offering sustainable and creative packaging products acquired Ultimate Packaging Ltd. for an undisclosed amount. With this acquisition, ProAmpac broadens its sustainable product portfolio, improves its position in creative food packaging, and expands its reach across the UK. Ultimate Packaging is a UK-based company involved in offering creative packaging solutions and state-of-the-art printing techniques. The company gives its support throughout the supply chain with various innovative packaging products that are environmentally friendly. North America was the largest region in the eco-friendly food packaging market in 2022. The regions covered in the eco-friendly food packaging market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the Eco-Friendly Food Packaging market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA. The eco-friendly food packaging market consists of sales of biodegradable material, sustainable packaging, green packaging, environmentally-friendly packaging, recyclable, reusable, and non-toxic material. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The eco-friendly food packaging market research report is one of a series of new reports from The Business Research Company that provides eco-friendly food packaging market statistics, including eco-friendly food packaging industry global market size, regional shares, competitors with an eco-friendly food packaging market share, detailed eco-friendly food packaging market segments, market trends and opportunities, and any further data you may need to thrive in the eco-friendly food packaging industry. This eco-friendly food packaging market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The amorphous polypropylene terephthalate refers to a thermal, rigid plastic that belongs to the polyester product family. It is known for their excellent transparency, light processing, and great barrier properties. Some of the advantages of amorphous polypropylene terephthalate are excellent impact resilience, deep foaming capabilities, and gas and water resistance qualities. The main types of additives in amorphous polypropylene terephthalate are chain extenders, nucleating agents, solid stating accelerators, impact modifiers, and others. Chain extenders are low molecular weight diols or diamines that react with diisocyanates to build polyurethane molecular weight. It comprises a short-chain diol used in polyurethanes and polyurethane-based thermoplastics (TPU) to make hard blocks. The amorphous polypropylene terephthalate is used in food & beverages, pharmaceuticals, dairy, automotive, textiles, and others for manufacturing of bottles, films/sheets, food packaging, and others. The global amorphous polypropylene terephatalate market is segmented - 1) By Additives: Chain Extenders, Nucleating Agents, Solid Stating Accelerators, Impact Modifiers, Other Additives 2) By End-Use: Food & Beverages, Pharmaceuticals, Dairy, Automotive, Textiles, Other End-Uses 3) By Application: Bottles, Films/Sheets, Food Packaging, Other Applications The global amorphous polypropylene terephatalate market size will grow from $37.87 billion in 2022 to $41.02 billion in 2023 at a compound annual growth rate (CAGR) of 8.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global amorphous polypropylene terephatalate is expected to grow to $55.96 billion in 2027 at a CAGR of 8.1%. The surge in the product demand for the purpose of packaging in the food & beverage sector will propel the growth of the amorphous polypropylene terephthalate market. Amorphous polyethylene terephthalate is used extensively for packaging food items and beverages, as it offers high strength and stiffness, clear visibility, and low creep characteristics, which make it perfect for use in food packaging applications. These plastics are used in the food and beverage industry to pack drinks, fresh meats, fruits, and vegetables. According to a United Nations Environment Programme (UNEP) report, 36% of the total plastics produced is used in packaging, including single-use plastic products for food and beverage containers. Thus, surge in the product demand for the purpose of packaging in the food and beverage sector will drive the amorphous polypropylene terephthalate market. Major players in the amorphous polypropylene terephthalate market are Jiangsu Sanfangxiang Group Co., Ltd., DAK Americas, Teijin Ltd., M&G Chemicals SA., Alpek, EXP Plastics, Petrotemex S.A. de C.V., RTP Company, La Seda de Barcelona, and Formosa Plastic. Product innovation is a key trend gaining popularity in the amorphous polypropylene terephthalate market. Manufacturers are coming up with new product innovation that consists of green and environmentally friendly techniques for manufacturing plastic. For example, in 2020, Toray Plastics Inc., a US-based manufacturer of polypropylene And cast polypropylene films started manufacturing EcouseTM polyethylene terephthalate (PET) films. These are eco-friendly films that are sustainable. The company developed a recycling system that collects discarded films from electronic component applications and reuses them into environmentally friendly films. After establishing an annual manufacturing capacity of 2,500 metric tonnes, the company plans to begin full-scale sales of the new product. In January 2020, BASF, a Germany-based chemical corporation that operates globally in chemicals, plastics, performance goods, functional solutions, agricultural solutions, and oil and gas, acquired polyamide business from Solvay for €1.3 billion ($1.3 billion). This acquisition will enable BASF to provide better-engineered plastics solutions to its clients, such as autonomous driving and e-mobility. The acquisition also gives the corporation better access to emerging markets in Asia, and North and South America. Solvay, a Belgium-based company engages in the manufacture and distribution of chemical and plastic products. Asia-Pacific was the largest region in the amorphous polypropylene terephthalate market in 2022. The regions covered in the

The nanocoatings refer to nanoscale thin films that are applied to surfaces to generate or improve the functions of a material. Nanocoatings have a thickness of a few tens to a few hundreds of nanometers and overcome the drawbacks of conventional coating methods. Nanocoatings are widely used in various industries for friction avoidance, water resistance, corrosion protection, water and ice protection, and other benefits. The main types of nanocoatings are anti-microbial, self-cleaning, anti-fingerprint, anti-corrosion and others. The anti-microbial nanocoatings stops the growth of disease-causing micro-organisms such as gram-positive and gram-negative bacteria on a surface. These bind to bacterial cell membranes and disrupt bacterial metabolism, resulting in pathogen-free surfaces. Nanocoatings are mostly distributed through online or offline distribution channel and are used in industries such as construction, food packaging, healthcare, electronics, automotive, marine and others. Nanocoatings have various application in food manufacturing, marine coatings, water treatment, household care and others. The global nanocoatings market is segmented - 1) By Type: Anti-Microbial, Self-Cleaning, Anti-Fingerprint, Anti-Corrosion, Other Types 2) By Distribution Channel: Online, Offline 3) By End-user: Construction, Food Packaging, Healthcare, Electronics, Automotive, Marine, Other End-Users 4) By Application: Food Manufacturing, Marine Coatings, Water Treatment, Household Care, Other Applications The global nano coatings market size grew from $8.93 billion in 2022 to $11.06 billion in 2023 at a compound annual growth rate (CAGR) of 23.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The nanocoatings market size is expected to grow to $25.7 billion in 2027 at a CAGR of 23.5%. The booming automotive industry is significantly driving the growth of the nanocoatings market. The automotive industry is booming due to various reasons such as rising middle-class income, a huge youth population, rapid urbanization, and others. Nanocoatings are used in automotive vehicles for increasing hardness and durability to protect against scratching, corrosion, and other issues. The booming growth of the automotive industry will increase the usage of nanocoatings as these are an essential part of the vehicle components. For instance, according to the production statistics by the International Organization of Motor Vehicle Manufacturers (OICA), overall motor vehicle manufacturing increased by 3% in 2021 compared to 2020 globally. Global sales of all motor vehicles increased from 78.8 million in 2020 to 82.7 million in 2021. This incremental growth in the production and sales of motor vehicles will invariably increase the demand for nanocoatings to be used in them. Hence, the booming automotive industry is expected to propel the growth of the nanocoatings market. Major players in the nanocoatings market are P2i Ltd., Nanovere Technologies LLC, Nanofilm Ltd., Nanophase Technologies Corporation, Tesla NanoCoatings Inc., Bio-Gate AG, Buhler AG, Cima NanoTech Inc., Eikos Inc., Inframat Corporation, Integran Technologies Inc., Nanogate AG, Nanomech Inc., Cleancorp, Nano-care Deutschland, Surfix BV, CG2 Nanocoatings Inc., ACTnano Inc., Ecological Coatings, PPG Industries, Green Earth Nano Science Inc., BASF, AdMat Innovations, Albert rechtenbacher GmbH, NANOBIZ.PL Ltd., NanoMate Technology Inc., Nanopool GmbH, Nanosol AG, Surfactis Technologies SAS, Aculon Inc., and Beijing ChamGo NanoTech Co Ltd. Technological advancement is a key trend gaining popularity in the nanocoatings market. Technological advancement includes the launch of new technology in nanocoatings such as a new technology combining carbon nanotubes and aggregate to improve and offer better corrosion inhibition, greater durability, and other benefits. The key players in the nanocoatings market are focusing on developing technologically advanced products to strengthen their position in the market. For instance, in 2020, Tesla Nanocoatings Inc., a US-based carbon nanotechnology firm introduced NANO Non-Skid, a novel technology that combines carbon nanotubes with sacrificial zinc and non-Skid aggregate for worker safety. Teslan 1105 Zn-CNT Single Coat Deck Epoxy is NANO Non-Skid. The ground-breaking new solution is a three-component epoxy that is solvent-based and developed to protect steel and metallic substrates. It offers anti-Skid properties, increased durability, and superior corrosion inhibition. In October 2020, SDC Technologies Inc., a US-based company offering premium, high-performance abrasion resistant coating solutions acquired COTEC GmbH, for an undisclosed amount. With this acquisition, SDC Technologies expands its coating product offerings with the inclusion of PVD (physical vapor deposition) and MLD (molecular layer deposition) materials for hydrophobic, oleophobic, and anti-reflective coatings. The acquisition also expands SDC Technologies’ footprint in new markets. COTEC GmbH is a German firm that specializes in vacuum coating, nanotechnology, and evaporation chemicals. North America was the largest region in the nanocoatings market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the nanocoatings market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the nanocoatings market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA. The nanocoatings market consists of sales of antiwear and superhydrophobic nanocoatings. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The nanocoatings market research report is one of a series of new reports from The Business Research Company that provides nanocoatings market statistics, including nanocoatings industry global market size, regional shares, competitors with a nanocoatings market share, detailed nanocoatings market segments, market trends and opportunities, and any further data you may need to thrive in the nanocoatings industry. This nanocoatings market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The thermoforming plastics are used to produce packaging materials, and consumer products that are durable, resilient, and tamper-resistant. Thermoforming is a plastic manufacturing process that uses heat to shape plastic into a variety of products. It protects the products while in transit and offers several seal options that will either extend the product’s shelf life or allow easy access, depending on the packaging needs. These are extremely versatile and can be utilized to manufacture parts to meet an end user's requirements and for a very wide range of applications. The main types of thermoforming in thermoforming plastic are vacuum forming, pressure forming, and mechanical forming. Vacuum forming refers to a manufacturing method used to shape plastic materials. During the vacuum forming process, a sheet of plastic is heated and then pulled around a single mold using suction. The different plastic types include polyethylene, polypropylene, polystyrene, polyvinyl chloride, acrylonitrile butadiene styrene, bio-degradable polymers, and others. The various processes used are plug assist forming, thick gauge thermoforming, thin gauge thermoforming, and vacuum snapback, and are used in healthcare and medical, food packaging, electrical and electronics, automotive packaging, construction, consumer goods and appliances, and other applications. The global thermoforming plastic market is segmented - 1) By Thermoforming Type: Vacuum Forming, Pressure Forming, Mechanical Forming 2) By Process: Plug Assist Forming, Thick Gauge Thermoforming, Thin Gauge Thermoforming, Vacuum Snapback 3) By Plastic Type: Polyethylene, Polypropylene, Polystyrene, Polyvinyl Chloride, Acrylonitrile Butadiene Styrene, Bio-Degradable Polymers, Other Plastic Types 4) By Application: Healthcare And Medical, Food Packaging, Electrical And Electronics, Automotive Packaging, Construction, Consumer Goods And Appliances, Other Applications The global thermoforming plastic market size grew from $45.49 billion in 2022 to $48.71 billion in 2023 at a compound annual growth rate (CAGR) of 7.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The market size of the thermoforming plastic market is expected to grow to $61.97 billion in 2027 at a CAGR of 6.2%. The increasing demand for consumer durables is expected to propel the growth of the transforming plastic market going forward. Consumer durables are consumer goods that have a long-life span (over three years) and are used over time. An increase in demand for consumer durables will increase the demand for thermoforming plastic as most of the consumer durables are manufactured by using transforming plastic. For instance, according to the Indian Brand Equity Foundation, an Indian government export promotion agency report, the consumer durables industry is expected to reach USD34 billion by 2025. Therefore, the increasing demand for consumer durables will drive the growth of the thermoforming plastic market. Major players in the thermoforming plastic market are Fabri-Kal Corp, Berry Global Inc., Genpak LLC, D&W Fine Pack LLC, Amcor Ltd., Dart Container Corp, Anchor Packaging, Sabert Corporation, Sonoco Products Company, Placon Corporation, Greiner Packaging GmbH, Tegrant Corporation, and Silgan Plastics. Technological advancements are the key trends gaining popularity in the transforming plastic market. Major companies operating in the transforming plastic sector are focused on developing new technological solutions to strengthen their position. For instance, in April 2021, GEA, a Germany-based food company, launched PowerPak SKIN.50. based on the high capacity SKIN thermoforming packaging technology. This provides high-capacity packing of up to 100mm high and protrudes up to 50mm above the packing tray level. It can also perform vacuum and modified atmosphere packaging (MAP) packaging on the same machine. In January 2020, Sonoco Products Company, a US-based packaging solutions company, acquired Thermoform Engineered Quality and Plastique Holdings (together TEQ) for an amount of $187 million. Through this acquisition, Sonoco is expected to spread its wings in new technological innovation " Cure-In-The-Mold " technology to produce the highest quality, most well-defined fiber packaging available. Thermoform Engineered Quality is a US-based manufacturer of thermoformed packaging. North America was the largest region in the thermoforming plastic market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the thermoforming plastic market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the thermoforming plastic market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The thermoforming plastic market consists of sales of high impact polystyrene (HIPS) and polyethylene terephthalate. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The thermoforming plastic market research report is one of a series of new reports from The Business Research Company that provides thermoforming plastic market statistics, including thermoforming plastic industry global market size, regional shares, competitors with a thermoforming plastic market share, detailed thermoforming plastic market segments, market trends and opportunities, and any further data you may need to thrive in the thermoforming plastic industry. This thermoforming plastic market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Snack food packaging is used to keep snacks consumable by providing oxygen, moisture, and light barrier properties. Snack food packaging prevents or decreases product damage and food deterioration. These are used for potato chip packaging, cracker packaging, wafer packaging, and packing other snack food items. The main snack food packaging types include flexible packaging and rigid packaging. Flexible packaging is bags or pouches sealed using heat or pressure and made using plastic, film, foil, or paper, which makes them less heavy than rigid packaging. The different material types include plastic, paper, metal, and others that are used in bakery snacks, candy and confections, savory snacks, nuts and dried fruits, and other applications. The global snack food packaging market is segmented – 1) By Packaging Type: Flexible Packaging, Rigid Packaging 2) By Material: Plastic, Paper, Metal, Other Materials 3) By Application: Bakery Snacks, Candy And Confections, Savory Snacks, Nuts And Dried Fruits, Other Applications The global snack food packaging market size grew from $25.45 billion in 2022 to $27.04 billion in 2023 at a compound annual growth rate (CAGR) of 6.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The market size of snack food packaging is expected to grow to $34.48 billion in 2027 at a CAGR of 6.3%. The increase in consumption of ready-to-eat food will propel the growth of the snack food packaging market going forward. Ready-to-eat food is seen as the most convenient alternative to conventional food because it may be consumed at any moment. These ready-to-eat meals use snack food packaging and simply require a few minutes of heating before serving. For instance, according to Bizom, an India-based retail intelligence platform, the sales of ready-to-eat products surged by 9.1% in August 2021. Hence, the increasing consumption of ready-to-eat food will drive the snack food packaging market. Major players in the snack food packaging market are Swiss Pack Private Limited, Sealed Air Corporation, Sonoco Products, Graham Packaging Holdings, Bryce Corporation, ProAmpac Intermediate Inc., Modern-Pak Pte Ltd., Eagle Flexible Packaging Inc., Amcor, Bemis Company, Huhtamaki Global, Clondalkin Group, Berry Global Group Inc., Sonoco Products Co., Logos Packaging Holding Ltd., and Constantia Flexibles Group GmbH. Product innovations are the key trends gaining popularity in the snack food packaging market. The companies operating in the snack food packaging sector are focusing on developing recyclable packaging materials to address the environmental issues caused by other packaging. For instance, in May 2021, Amcor, a Switzerland-based packaging company, launched recycled food packaging for powdered chocolate in Colombia. The new packaging solution is designed to be recycled as per industry standards. The new solution reduces the package’s carbon footprint by 53% and water consumption by 84% when it is recycled. In July 2020, Central National Gottesman Inc. (CNG), a US-based manufacturer of pulp, paper, packaging, and tissue, acquired American Packaging for an undisclosed amount. This acquisition strengthens Central National Gottesman Inc's growing industrial and retail packaging business throughout the western United States. American Packaging is a US-based packaging company. Asia-Pacific was the largest region in the snack food packaging market in 2022. The regions covered in the snack food packaging market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the snack food packaging market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The snack food packaging market includes revenues earned by entities by providing sealing services, leaking free sealing, vaccum serivces. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The snack food packaging global market research report is one of a series of new reports from The Business Research Company that provides snack food packaging market statistics, including snack food packaging industry, snack food packaging global market size, regional shares, competitors with a snack food packaging market share, detailed snack food packaging market segments, market trends and opportunities, and any further data you may need to thrive in the snack food packaging industry. This snack food packaging market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Plastic films and sheets refer to a continuous form of plastic material that is thin and wound on a core, or cut into sheets. Plastic films are thinner in nature than plastic sheets and have a thickness of 0.6 mm to 0.10 mm or thicker. These are used by various industries as these sheets are environmentally friendly, multi-purpose plastic material, wrinkle and weather resistant, reusable, durable in nature, and recyclable. The main types of plastic films and sheets are polypropylene, polyethylene, polyvinyl chloride, rubber, and other types. Polypropylene is used to create the synthetic resin known as polypropylene. The various applications include food packaging, stretch film, shrink film, heavy-duty bags, film on a reel, and other applications. The various end users involved automotives, aerospace and aviation, packaging, food and beverages, building and construction, healthcare, printing, agriculture, and other end-users. The global plastic films and sheets market is segmented - 1) By Type: Polypropylene, Polyethylene, Polyvinyl Chloride, Rubber, Other Type 2) By Application: Food Packaging, Stretch Film, Shrink Film, Heavy Duty Bags, Film on Reel, Other Applications 3) By End Use: Automotive, Aerospace and Aviation, Packaging, Food and Beverages, Building and Construction, Healthcare, Printing, Agriculture, Other End-Users The global plastic films and sheets market size grew from $78.65 billion in 2022 to $83.28 billion in 2023 at a compound annual growth rate (CAGR) of 5.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global plastic films and sheets is expected to grow to $103.64 billion in 2027 at a CAGR of 5.6%. The growth in the plastics industry is expected to propel the growth of the plastic films and sheets market going forward. The plastic industry refers to an organisation that is involved in the manufacturing of polymer materials that are known as plastic, a chemical compound that is light-weight, elastic in nature, moldable, and has other unique features. Plastic films and sheets help the plastic industry with many advantages, such as reduced weight in components in manufacturing, good packaging solutions, strength, durability, and other features that can be used in various industries such as automobiles, food and beverages, construction, electronics, healthcare, and others. For instance, in March 2022, according to an article published by the American Mold Builders Association, a US-based organisation that has been dedicated exclusively to the U.S. mould manufacturing industry, plastic production increased by 7.1% from the year 2019 to 2020 and is expected to grow at a rate of 4.5% year-on-year. Therefore, the growth of the plastic industry is driving the growth of the plastic film and sheet market. Major players in the plastic films and sheets market are Amcor Inc., Berry Plastic Inc., Saudi Basic Industries Corporation, Toray Industries Inc., Sealed Air Corporation, UFlex Limited, Toyobo Co Ltd., Jindal Poly Films Limited, Dupont Teijin Films Limited, Taghleef Industries LLC, Bemis Manufacturing Company, Novolex Com, British Polythene Industries PLC., Oben Holding Group S.A.C, CCL Industries Inc., Mitsubishi Chemical Corporation, RKW Group, Plastic Film Corporation, and AEP Industries Inc. Product innovation is a key trend gaining popularity in the plastic films and sheets market. Major companies operating in the plastic films and sheets market are focused on developing new product solutions to strengthen their position. For instance, in July 2021, SABIC, a Saudi Arabia-based company operating in plastic films and sheets, introduced LEXANTM Copolymer, a sustainable polycarbonate film, the first in the industry to receive ISCC PLUS certification for film and sheet products based on renewable polycarbonate. LEXAN polycarbonate resin is an amorphous engineering thermoplastic that can be deformed in extreme heat (typically 147 degrees Celsius, or 297 degrees Fahrenheit) and whose molecules are comprised of repeating subunits. LEXANTM Copolymer provides outstanding mechanical, optical, electrical, and thermal properties, and the product produced by LEXAN exhibits properties such as scratch resistance, toughness, heat resistance, biocompatibility, and optical quality. It complies with stringent FDA and USP requirements and therefore can be used in medical devices. In June 2021, Spectrum Plastics Group, a US-based company operating in plastic films and sheets, acquired KCS Plastics Ltd for an undisclosed amount. Through this acquisition, Spectrum Plastics Group aims to strengthen its product portfolio in plastic films and sheets and to gain market advantage by supplying packaging solutions for the food, industrial, and medical packaging sectors. KCS Plastics Ltd. is a Canada-based company operating in plastic films and sheets. Asia-Pacific was the largest region in the plastic films and sheets market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in this plastic films and sheets market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the plastic films and sheets market report is Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The plastic films and sheets market consists of sales of melamine sheet, perforated plastic sheet, phenolic sheet, and PVDF film. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The plastic films and sheets market research report is one of a series of new reports from The Business Research Company that provides plastic films and sheets market statistics, including plastic films and sheets industry global market size, regional shares, competitors with plastic films and sheets market share, detailed plastic films and sheets market segments, market trends and opportunities, and any further data you may need to thrive in the plastic films and sheets industry. This plastic films and sheets market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Polyethylene terephthalate is a strong, rigid synthetic fiber and resin belonging to the polyester family of polymers and formed by the polymerization of ethylene glycol with terephthalic acid. Polybutylene terephthalate (PBT) resin is a crystalline synthetic resin formed by the polymerization of butanediol and terephthalic acid. Polyethylene terephthalate (PET) and polybutylene terephthalate (PBT) resins are used in the manufacture of lightweight plastic for packaging foods and beverages, and soft drinks. The main types of polyethylene terephthalate (PET) & polybutylene terephthalate (PBT) resins market are transparent & non-transparent PET and recycled PET. Transparent PET is non-crystalline PET that is highly transparent. Non-transparent PET is crystalline PET that is opaque in nature. The different PET applications include bottles, films, food packaging, and others. The various PBT applications include electrical & electronics, automotive, consumer appliances, and others. The global polyethylene terephthalate pet and polybutylene terephthalate pbt resins market is segmented - 1) By Type: Transparent And Non-Transparent Pet, Recycled Pet 2) By PET Application: Bottles, Films, Food Packaging, Other PET Applications 3) By PBT Application: Electrical And Electronics, Automotive, Consumer Appliances, Other PBT Applications The global polyethylene terephthalate (PET) & polybutylene terephthalate (PBT) resins market size grew from $39.98 billion in 2022 to $44.26 billion in 2023 at a compound annual growth rate (CAGR) of 10.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The market size of the polyethylene terephthalate (PET) & polybutylene terephthalate (PBT) resins market is expected to grow to $63.76 billion in 2027 at a CAGR of 9.6%. An increase in demand for polyethylene terephthalate (PET) in the packaging sector is expected to propel the growth of the polyethylene terephthalate (PET) & polybutylene terephthalate (PBT) resins market going forward. The packaging industry is a business that designs and manufactures packaging products. Polyethylene terephthalate (PET) contains characteristics such as clear, long-lasting, chemically inert, and lightweight, which are suitable for making polyethylene packaging products. For instance, according to the National Renewable Energy Laboratory, a US-based national laboratory, in 2021, over 82 million metric tons of polyethylene terephthalate (PET) were manufactured globally each year to make single-use beverage bottles, packaging, garments, and carpets. Therefore, the increase in demand for PET in the packaging sector drives the growth of the polyethylene terephthalate (PET) and polybutylene terephthalate (PBT) resin market. Major players in the polyethylene terephthalate (PET) & polybutylene terephthalate (PBT) resins market are Saudi Basic Industries Corporation, BASF SE, Indorama Ventures Limited, Mitsubishi Chemical Corporation, Toray Industries Inc., Koninklijke DSM N.V., Jiangsu Sanfangxiang Group Co.Ltd., M&G Chemicals SA, DowDuPont Inc., Nan Ya Plastics Corporation, Reliance Industries Limited, Far Eastern New Century Corporation, RTP Company Inc., Kolon Plastics Inc., Celanese Corporation, and Distrupol Ltd. Product innovations are the key trend gaining popularity in the polyethylene terephthalate (PET) and polybutylene terephthalate (PBT) resin market. Major companies operating in the market are focused on introducing new innovative products with reduced carbon footprints to gain a competitive advantage. For instance, in May 2022, SABIC, a Saudi Arabia-based chemical manufacturing company, launched LNP ELCRIN WF0061BiQ PBT resin, produced from chemically upcycled ocean-bound PET bottles. This compound has the potential to reduce CO2 emissions by up to 14% and cumulative energy demand by up to 25% when compared to glass fiber. It is a potential material for consumer electronics applications such as computer fan housings, vehicle seats, electrical connectors, and enclosures. In June 2022, Alpek, a Mexico-based producer of PET resin and PET sheet, acquired OCTAL Holding SAOC (OCTAL) for a deal amount of $ 620 million. The acquisition strengthens Alpek's global presence and improves its value-added manufacturing offers in PET sheets by adding about one million tons of PET product capacity. OCTAL Holding SAOC is a US-based producer of PET resin for the packaging industry. Asia-Pacific was the largest region in the polyethylene terephthalate (PET) & polybutylene terephthalate (PBT) resins market in 2022. North America was the second-largest region in the polyethylene terephthalate (PET) & polybutylene terephthalate (PBT) resins market. The regions covered in the polyethylene terephthalate (PET) & polybutylene terephthalate (PBT) resins market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the polyethylene terephthalate (PET) & polybutylene terephthalate (PBT) resins market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The polyethylene terephthalate (PET) and polybutylene terephthalate (PBT) resin market consists of sales of thermoforming and glass fiber. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The polyethylene terephthalate (PET) & polybutylene terephthalate (PBT) resins market research report is one of a series of new reports from The Business Research Company that provides polyethylene terephthalate (PET) & polybutylene terephthalate (PBT) resins market statistics, including polyethylene terephthalate (PET) & polybutylene terephthalate (PBT) resins market share, detailed polyethylene terephthalate (PET) & polybutylene terephthalate (PBT) resins market segments, market trends and opportunities, and any further data you may need to thrive in the polyethylene terephthalate (PET) & polybutylene terephthalate (PBT) resins industry. This polyethylene terephthalate (PET) & polybutylene terephthalate (PBT) resins market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.