Press release
Leading Pet Bottle Manufacturer Worldwide | By IMARC Group
The global PET bottle market reached US$ 41.8 Billion in 2022. Polyethylene terephthalate (PET) bottles refer to containers manufactured using thermoplastic polymer resin of the polyester family. They possess excellent strength, flexibility, and non-reactivity and remain thermally stable under varying temperatures. Compared to their traditional counterparts, such as glass bottles, aluminum cans, and PVC bottles, PET bottles are more durable, transparent, lightweight, cost-effective, and environment friendly. They can also be recycled multiple times, which helps reduce their overall manufacturing costs. As a result, PET bottles are widely used in packaging drinking water, beverages, and fast-moving consumer goods (FMCG) products, such as liquid detergents, shampoos, medicines, household cleaners, mouthwash, and cooking oils.
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PET Bottle Market Growth:
As per the analysis by IMARC Group, the top companies in the PET bottle industry are focusing on product innovations to reduce the overall weight of PET bottles. They are also offering PET bottles with customized shapes, colors, and designs to meet the escalating demand for unique packaging and different-sized packs for brand differentiation. In addition, the leading manufacturers are introducing plasma-based coatings to make PET bottles more impervious. They are also utilizing silver to prolong the shelf life of products. Besides this, several key players are adopting innovative interior coating processes to facilitate bottle-to-bottle recycling and enable users to minimize waste while lowering energy consumption and conserving resources. Furthermore, the implementation of new packaging regulations, recent technological advancements, improvements in PET bottle manufacturing processes, and ongoing research and development (R&D) activities are some of the other factors propelling the market growth. Looking forward, IMARC Group expects the market value to reach US$ 54.29 Billion by 2028, growing at a CAGR of 4.29% during 2023-2028.
Browse Full Report with TOC on Global Cosmetics Market: https://www.imarcgroup.com/pet-bottle-manufacturing-plant
Top Companies Operating in the Global PET Bottle Market:
1. Amcor Limited
Establishment: 1864
Headquarters: Zürich, Switzerland
2. Cospack America Corporation
Establishment: 1993
Headquarters: New Jersey, the United States
3. Bericap GmbH & Co. KG
Establishment: 1926
Headquarters: Budenheim, Germany
4. Ball Corporation (Rexam, Inc.)
Establishment: 1880
Headquarters: Colorado, the United States
5. Berry Global, Inc.
Establishment: 1967
Headquarters: Indiana, the United States
6. Graham Packaging Company Inc.
Establishment: 1970
Headquarters: Pennsylvania, the United States
7. Container Corporation of Canada
Establishment: 1977
Headquarters: Ontario, Canada
8. Ontario Plastic Container Producers Ltd.
Establishment: 2002
Headquarters: Ontario, Canada
9. Constar International, Inc.
Establishment: 1927
Headquarters: Pennsylvania, the United States
10. Alpha Packaging
Establishment: 1980
Headquarters: Connecticut, the United States
11. Alpack Plastics
Establishment: 1969
Headquarters: Connecticut, the United States
12. Plastipak Holdings, Inc.
Establishment: 1967
Headquarters: Michigan, the United States
13. Resilux NV
Establishment: 1994
Headquarters: Wetteren, Belgium
Also Visit Blog: https://www.imarcgroup.com/top-pet-bottle-manufacturers
Media Contact:
Company Name: IMARC Group
Contact Person: Elena Anderson
Email: sales@imarcgroup.com
Phone: +1-631-791-1145
Address: 134 N 4th St
City: Brooklyn
State: NY
Country: United States
Website: https://www.imarcgroup.com
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.
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.
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.
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