PET Bottles Market Revenue 2026: Top Players Amcor Limited, Berry Plastics Group Inc., GTX Hanex Plastic Sp. Z O.O., Gerresheimer AG, Graham Packaging Company, RPC Group, Rexam PLC, Silgan Holdings, WestRock, Crown Holdings, Exo Packaging, and Alpha Group

Bottles made from polyethylene terephthalate (PET) plastic material are gaining traction globally, owing to various advantages offered by PET bottles such as lightweight, flexibility, and unbreakable.

Major players operating in the global PET bottles market includes Amcor Limited, Berry Plastics Group Inc., GTX Hanex Plastic Sp. Z O.O., Gerresheimer AG, Graham Packaging Company, RPC Group, Rexam PLC, Silgan Holdings, WestRock, Crown Holdings, Exo Packaging, and Alpha Group among others.

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Market Dynamics

Europe is held significant market share in 2017 in the global PET bottles market. Growing demand for plastic materials including PET for packaging applications such as bottles is the major factor driving growth of the PET bottles market. According to Plastics Europe, demand for PET held market share of 7.1% in the European Plastics market and is majorly used in manufacturing bottles for soft drinks, water, juices, cleaners, and others.

Players operating in the global PET bottles market are developing new products to cater the growing demand for PET bottles. For instance, in February 2018, Ecover launched PET bottle made from 100% recycled PET bottle for cleaning products.

Factors such as rising applications of PET bottles by the beverage industry in packaged water, juices, flavored water, functional water, carbonated drinks, and others are boosting growth of the global PET bottles market. According to Coherent Market Insights, global flavored and functional water market is estimated to reach US$ 70.32 billion by 2025, from US$ 29.01 billion in 2017, which in turn will increase demand for PET bottles in the global market.

Significant initiatives by food & beverages and packaging manufacturers to develop bio-based PET is a major factor driving growth of the PET bottles market. For instance, in April 2017, Danone and Nestlé Waters, collaborated with Origin Materials to form NaturALL Bottle Alliancea. This collaboration aims to develop and launch PET bottle from sustainable and renewable bio-based material.

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The global PET bottles market was pegged at 505.0 billion units in 2017, and is anticipated to register a CAGR of 3.87% in terms of volume, during the forecast period (2018 – 2025) to reach 697.72 billion units by 2025.

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