According to the latest report by IMARC Group, titled "PET Bottle Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027," the global PET bottle market reached a value of US$ 39.7 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 52 Billion by 2027, exhibiting at a CAGR of 4.46% during 2022-2027.
Polyethylene terephthalate (PET) is a thermoplastic resin of the polyester family, which is utilized for producing plastic bottles. Compared to PVC, PP, and HDPE bottles, it is more transparent, durable, lightweight, non-reactive, cost-effective, thermally stable, etc. PET bottles are environment-friendly and can be recycled repeatedly, which also reduces their manufacturing cost. They are used in the packaging of drinking water and beverages, salad dressings, medicines, dish detergents, household cleaners, mouthwashes, etc. PET bottles are extensively available in supermarkets, convenience stores, hypermarkets, online channels, etc., across countries.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Global PET Bottle Market Trends and Drivers:
The emerging trend of Westernization, rising disposable incomes, and altering food patterns of consumers are among the primary factors driving the PET bottle market. Besides this, the escalating product demand with customized shapes, colors, designs, and unique packaging to enhance the appearance and utility is further augmenting the market growth. Apart from this, the introduction of plasma-based coating and silver materials by the leading manufacturers that make PET bottles more impervious and increase their shelf-life is also catalyzing the global market. Moreover, the growing popularity of on-the-go beverages, on account of the hectic lifestyles of individuals, is acting as another significant growth-inducing factor. Furthermore, the implementation of strict regulations by the government bodies regarding packaging solutions to reduce the total energy consumption, increase savings, and occupy less space compared to BloFill systems is expected to bolster the PET bottle market in the coming years.
PET Bottle Market 2022-2027 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
- Amcor Limited
- Cospack America Corporation
- BERICAP GmbH & Co. KG
- Rexam, Inc.
- Berry Global, Inc
- Graham Packaging Company Inc.
- Container Corporation of Canada
- Ontario Plastic Container Producers Ltd.
- Constar Internationals, Inc.
- Alpha Packaging
- Alpack Plastics
- Plastipak Holdings, Inc.
- Resilux NV
Key Market Segmentation:
The report has segmented the global PET bottle market on the basis of capacity, color, technology, end-use, distribution channel and region.
Breakup by Capacity:
Breakup by Distribution Channel:
- Business to Business
- Supermarkets and hypermarkets
- Convenience Stores
Breakup by Color:
Breakup by Technology:
- Stretch Blow Molding
- Injection Molding
- Extrusion Blow Molding
Breakup by End-Use:
- Packaged Water
- Carbonated Soft Drinks
- Food Bottles & Jars
- Non-Food Bottles & Jars
- Fruit Juice
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
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Key Highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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