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.
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.
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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
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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.
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