PET Bottle Market Size 2022-2027: Share, Key Players, Industry Trends and Opportunity

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) bottles refer to bottles made from thermoplastic polymer resin. They are affordable, light in weight and environment-friendly in nature, unlike their counterparts, such as glass bottles, aluminum cans and PVC bottles. They are also characterized by enhanced strength, durability and non-reactivity. These bottles also remain thermally stable under varying temperatures and can be recycled multiple times, thereby reducing their overall manufacturing costs. As a result, they are widely utilized as the preferred packaging solution for numerous beverages, drinking water and a vast array of fast-moving consumer goods (FMGC) products, including juices, shampoos, carbonated drinks, liquid detergents, mouthwash and cooking oils.

Request a Free PDF Sample of the Report: https://www.imarcgroup.com/PET-bottle-manufacturing-plant/requestsample

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.

Global PET Bottle Market Trends:

The market is primarily driven by the escalating sales of on-the-go bottled beverages across the globe. This can be attributed to the hectic lifestyles led by the working professionals and the inflating per capita income levels of the masses. Rapid urbanization and changing consumption patterns of individuals have also provided an impetus to the rising trend of café culture across the globe, which is facilitating the uptake of PET bottles for their convenient packaging. Apart from this, continual improvements in the manufacturing processes of PET bottles have led to the launch of product variants that are associated with extending the shelf life of the packaged product. Coupled with the increasing preference for bottles made with thin films and improved gas barrier properties, this is creating a positive outlook for the market. The market is further driven by an enhanced focus on sustainable development, which has impelled the utilization of innovative interior coating processes that are expected to facilitate bottle-to-bottle recycling. This enables the users to reduce wastes while minimizing energy consumption and conserving resources at the same time.

PET Bottle Market 2022-2027 Competitive Analysis and Segmentation:

Competitive Landscape With Key Players:

The competitive landscape of the PET bottles market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these Key Players Include:

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:

High
Medium
Low

Breakup by Distribution Channel:

Business to Business
Retail
Supermarkets and hypermarkets
Convenience Stores
Online
Others

Breakup by Color:

Transparent
Coloured

Breakup by Technology:

Stretch Blow Molding
Injection Molding
Extrusion Blow Molding
Thermoforming
Others

Breakup by End-Use:

Packaged Water
Carbonated Soft Drinks
Food Bottles & Jars
Non-Food Bottles & Jars
Fruit Juice
Beer
Others

Regional Insights:

North America
Asia Pacific
Europe
Latin America
Middle East and Africa

Ask Analyst for Customization and Explore Full Report With TOC & List of Figures: https://www.imarcgroup.com/request?type=report&id=583&flag=E

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.

Contact US:

IMARC Group
30 N Gould St, Ste R
Sheridan, WY 82801, USA
Email: sales@imarcgroup.com
Americas: +1-631-791-1145 | Europe & Africa: +44-753-713-2163 | Asia: +91-120-433-0800

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

This release was published on openPR.