The global PET clamshell market is forecasted to be valued at US$ 5,167.3.0 Million in 2022. During the forecast period ranging from 2022 to 2032, sales of PET clamshells are expected to grow at a CAGR of 4.7%, to be valued at US$ 8,179.6 Million. The market for these containers is expanding as a result of rising consumer demand for flexible packaging options and the use of PET clamshells in the food industry. Demand for PET Clamshell increased historically between 2016 and 2021 at a value CAGR of 3.4%.
The PET clamshell packing containers are a type of packaging that are hinged on both sides and composed of a substance called polyethylene terephthalate. Manufacturers work to enhance the customer experience by increasing time effectiveness, decreasing downtime, and offering sustainable, reusable packaging. PET clamshells are renowned for their good attributes that offer protection and preservation to the contents inside their boxes, in addition to their visibility and light weight.
Drivers and challenges have an impact on market dynamics, which can impact businesses. Find more insights in a sample report! https://www.futuremarketinsights.com/reports/sample/rep-gb-12885
Market Competition
The global PET clamshell market is highly fragmented, and characterized by numerous local and regional competitors. Key companies use marketing tactics like mergers and acquisitions, expansions, collaborations, and partnerships to expand and grow in the market.
Key players in the global PET clamshell market include
- Placon,
- Kalindi Extrusions,
- Star Pack co.,
- Sonoco Product Company,
- Agrahan Engineers,
- OCTAL,
- VISIPAK,
- Deufol, and
- Packaging South Asia.
The Major Drivers Influencing the PET Clamshell Market
Due to modernization, e-commerce and retail have grown in their supply chains, allowing PET clamshells to be maintained in high quality throughout the transport process, and until they are delivered to the end users. This packaging is highly sought after by consumers as it helps to maintain the taste of the food, is convenient to handle, and can be recycled. This format of packaging is expected to grow as a result of the minimalistic design and the convenience of carrying it. As a result, there is an increase in the demand for these products.
Packaging of fruits and vegetables, ready-to-eat foods, bakery products, frozen foods, and other foods is done using this product. Due to the fact that it is an easy-to-manufacture and very cost-effective packaging solution, manufacturers tend to prefer choosing this packaging solution for their products because it is extremely convenient and easy to produce.
RPET clamshell has the potential to replace PET clamshell in the future because it reduces the cost and is an environmentally friendly as opposed to PET clamshell. With the rise of online retail stores, food, fruit & vegetable deliveries at the doorstep and the increase in the number of people concerned about personal hygiene and healthy eating habits, the PET clamshell market continues to grow strongly in the coming years.
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In April 2022, Burger King’s forged a partnership with Loop, with the aim to test reusable packaging for burgers, sides, and drinks. Using the global reuse platform, it will pilot reusable and returning packaging across selected restaurants for food and drinks. In addition to the clamshell burgers, there will be a reusable cup and container in the new range. Loop’s reusable clamshell container for burgers will be used for the first time by Burger King in the UK.
Key Segments Profiled in the PET Clamshell Industry Survey
PET Clamshell Market by Product Type:
- Mock PET Clamshell
- Two-Piece PET Clamshell
- Tri PET Clamshell
PET Clamshell Market by Packaging Type:
- PET Clamshell Box & Containers
- PET Clamshell Trays
- PET Clamshell Bowls
- Other PET Clamshell Packaging Types
PET Clamshell Market by End Users:
- PET Clamshell for Food
- PET Clamshell for Household Goods
- PET Clamshell for Gift & Toys
- PET Clamshell for Electrical & Electronics
- PET Clamshell for Cosmetics & Personal Care
- PET Clamshell for Pharmaceuticals
- PET Clamshell for Others
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