Polyethylene Terephthalate (PET) Bottle Market to Exhibit a Noteworthy Growth of USD 132583.69 million by 2030, Size, Share, Growth, Demand, Drivers, Revenue Forecast and Opportunity Analysis

The worldwide Polyethylene Terephthalate (PET) Bottle Market report is the best to know the trends and opportunities in Polyethylene Terephthalate (PET) Bottle Market industry. In this report, several aspects about the market research and analysis for the Polyethylene Terephthalate (PET) Bottle Market industry have been underlined. This marketing report also endows with the information, statistics, facts and figures which are very helpful for the companies to maximize or minimize the production of goods depending on the states of demand. With the competitive analysis of the major players in the market, the wide ranging Polyethylene Terephthalate (PET) Bottle Market business report lends a hand to businesses in taking better moves for improving their product and sales.

To Gain More Insights about this Research, Visit https://www.databridgemarketresearch.com/reports/global-pet-bottle-market

PET is made when ethylene glycol and terephthalic acid are polymerized, and it is widely regarded as a material that is 100% recyclable, non-toxic, safe, lightweight, strong, and flexible. It is utilized in many different applications, including automotive, construction, consumer goods, sheets and films, food packaging, and beverage packaging. One of the key factors propelling the expansion of the global market is the rise in demand for PET containers, particularly from the food and beverage industry, and the increase in demand for frozen and processed foods.

Data Bridge Market Research analyses that the polyethylene terephthalate (PET) bottle market, valued at USD 95,400 million in 2022, will reach USD 132583.69 million by 2030, growing at a CAGR of 4.20% during the forecast period of 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.        

Market Definition

Polyethylene terephthalate, also known as PET, is a thermoplastic polymer resin that belongs to the polyester family and is frequently used to create plastic bottles. PET bottles outperform PP, HDPE, and PVC bottles in terms of durability, transparency, weight, non-reactivity, affordability, and thermal stability. They also reduce production costs because they are eco-friendly and have a high recycling rate. In addition to their primary use in packaging of drinking beverage and  water, PET bottles are becoming more and more popular as a packaging choice for salad dressings, household cleaners, medications, dish detergents, and mouthwashes.

Some of the major players operating in the polyethylene terephthalate (pet) bottle market are:

Amcor plc (Australia)
DuPont (U.S.)
Crown Paper Mill LLC (U.A.E.)
Westrock Company. (U.S.)
Berry Global Inc.(U.S.)
ALPLA (Austria)
Cospack America Corp. (U.S.)
BERICAP (Germany)
Graham Packaging Company (U.S.)
Ontario Plastic Container Producers Ltd. (Canada)
Alpack Ltd (Ireland )
PLASTIPAK HOLDINGS, INC. (U.S.)
RESILUX NV (Belgium)
Silgan Plastics (U.S.)
Retal Industries LTD. (Cyprus)
Esterform Ltd (U.K.)
GTX HANEX Plastic Sp. z o. o ( Poland)

Opportunities

Technology advancements for producing PET bottles that are lightweight could accelerate market growth

The market is anticipated to grow faster through technological advancements in developing lightweight, high-strength PET bottles. For instance, pressure SAFE, an innovative PET aerosol container design, will allow home and personal care brands to offer more environmentally sustainable dispensing spray packaging in 2022. Sidel, one of the leading providers of equipment, service, and complete solutions for packaging liquids, home, food, and personal care products in PET can glass and other materials, will introduce pressure SAFE in 2022. The new PET product packaging option is accepted for recycling in the conventional PET stream.

Growing Environmental friendly packaging solutions it can create a surge in the market to grow

The demand for sustainable packaging and environmentally friendly products, such as recyclable materials, has increased due to growing environmental impacts. Packaging manufacturers are concentrating on providing recyclable, environmentally friendly packaging. These manufacturers invest in technological advancements and research and development to offer affordable, environmentally friendly solutions without compromising the level of protection provided to the packaged goods. PepsiCo and Keurig Dr. Pepper have committed to using 25% less virgin plastic by 2025 and 25% more recycled material in all soft drink bottles. Businesses that make soft drinks are looking for equipment that is adaptable and simple to change so they can withstand changes in rPET quality.

Global Polyethylene Terephthalate (PET) Bottle Market Scope

The polyethylene terephthalate (pet) bottle market is segmented on the basis of type, capacity, distribution channel, color, technology, product type, volume, neck type, application, end- users. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

Virgin
Blister Forming
Food Packaging
Automotive
Others
Recycled
Fiber
Sheet and Film
Strapping
Engineered Resin
Food and Beverage bottles
Non-Food Bottles
Others

Capacity

High
Medium
Low

Distribution Channel

Business to Business
Retail
Supermarkets and hypermarkets
Online
Convenience store
Other

Color

Transparent
Colored

Technology

Stretch Blow Molding
Injection Molding
Extrusion Blow Molding
Thermoforming
Other

Product type

Carbonated food drink
Bottled water
Other drinks
Sheets and films
Food
Non food

Volume

Up to 500 ml
500 ml to 1000 ml
1000 ml to 2000 m
More than 2000 ml

Neck Type

ROPP/BPV
PCO/BPF
ALASKA/BERICAP/OBRIST

Application

Food and beverages
Consumer Goods
Automotive
Textile
Photovoltaic Modules
Thermoplastic resin
Packaging
Rigid Packaging
Flexible Packaging
Film
Sheet and straps
Cosmetic Bottle
House hold products
Electronics
Others

End- Users

Food and Beverage
Packaged Water
Carbonated Soft Drinks
Food Bottles and Jars
Fruit Juice
Beer
Electrical and Electronics
Automotive
Healthcare
Consumer Goods
Construction
Other

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