PET Bottle Market Size, Trends, Forecast | 2027 | Industry Overview and Analysis

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.

A polyethylene terephthalate (PET) bottle is a clear, lightweight, low-density plastic flask or container specially designed from diverse thermoplastic polymers and organic compounds. It is usually manufactured through thermoforming, stretch blow, injection, and extrusion blow molding procedures. Unlike conventional glass, polypropylene (PP), high-density polyethylene (HDPE), and polyvinyl chloride (PVC) bottles, it is eco-friendly, recyclable, durable, flexible, non-reactive, thermally stable, unbreakable, and cost-effective. Additionally, it offers an optimal strength-to-weight ratio and maintains the overall texture, quality, and flavor of diluted drinks. As a result, PET bottle is extensively employed to pack water, liquid medicines, functional and carbonated soft drinks, and various alcoholic and non-alcoholic beverages.

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 significant expansion in the food and beverage (F&B) sector and the increasing consumption of ready-to-drink (RTD) and carbonated drinks have facilitated the demand for high, medium, and low-sized PET bottles as convenient packaging solutions, which is primarily driving the market growth. The high transparency, glossy surface, high-pressure resistance, and excellent barrier qualities offered by the product is acting as another growth-inducing factor. Additionally, PET bottles are bisphenol-A (BPA)-free and meet various national and international safety standards; thus, they are used to store pharmaceuticals, nutritional supplements, home cleaners, mouthwashes, and personal care products safely without affecting their quality. Besides this, the introduction of sustainable refillable and reusable PET bottles by key players due to the enforcement of green initiatives by governments is supporting the market growth.

PET Bottle Market 2022-2027 Competitive Analysis and Segmentation:

Competitive Landscape With Key Players:

The competitive landscape of the PET bottle 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
Website: https://www.imarcgroup.com/
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.