PET Bottles Market Analysis by Size, Share, Key Facts and Forecast Predictions to 2023-2030

An emerging market analysis titled “Anticipated Trends, Drivers of Growth, and Obstacles in the PET Bottles Market” has been showcased on Report Ocean.

The “Global PET Bottles Market” report offers comprehensive insights into factors affecting demand, growth, opportunities, challenges, and limitations. It covers global and regional industry dynamics, including research & development, new product launches, and responses from leading players in both global and local markets. The report provides visual representations and regional breakdowns of the PET Bottles Market.

Global PET Bottles Market is valued at approximately USD $$ billion in 2021 and is anticipated to grow with a healthy growth rate of more than $% over the forecast period 2022-2029.

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PET refers to polyethylene terephthalate, a thermoplastic polymer resin from the polyesters that are commonly used to make plastic bottles. PET bottles are more durable, transparent, lightweight, non-reactive, inexpensive, and thermally stable than PP, HDPE, and PVC bottles. Additionally, the materials can be recycled many times, which lowers the cost of production. The key factors driving the market growth is rising demand from the bottled-water industry, growing adoption of lightweight packaging, and increasing demand for flexible packaging solutions. Thus, propelling the lucrative demand for the PET bottles market during the forecast period.

PET bottles are widely used for packaging bottled water. The growth of PET bottles in the Beverage industry is expected to experience growth with the growing demands for bottled water and non-alcoholic beverages. The demand for bottled water is attributed to three factors: customers’ propensity to demand high-quality drinking water specifically; their concern of acquiring the disease after drinking contaminated tap water; and the portability and convenience offered by the bottled water. According to International Bottled Water Association, in 2020, Americans consumed 15 billion gallons of bottled water, an increase of 4.2% from 2019. (Compared to a 3.7 per cent increase the previous year). Accordingly, each American consumed 45.2 gallons of bottled water on average in 2020, an increase of 3.5 per cent from the previous year. As a result, the rising consumption of bottled water creates lucrative demand for the market. Also, rising disposable income and westernization would anticipated to propel the lucrative opportunity for the market during the forecast period. However, the strict government laws concerning the usage of plastics stifle market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global PET Bottles Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. Asia-Pacific is the dominating region across the world in terms of market share, owing to the growing demand in the beverages industry, rising urbanization and increasing disposable income in the region. Whereas, North America is also anticipated to exhibit the highest growth rate over the forecast period, owing to factors such as changing lifestyle of the people and increasing demand for high-quality packaged products in the region would create lucrative growth prospects for the Insulin market across North America region.

Major market players included in this report are:

  • Amcor plc
  • Berry Global, Inc
  • Alpha Packaging, Inc.
  • Gerresheimer AG
  • Graham Packaging Company
  • Plastic Bottle Corporation
  • MCorp Technologies Inc
  • Taiwan Hon Chuan Enterprises Co., Ltd.
  • Esterform Ltd
  • Retal Industries Ltd

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Recent Developments in the Market:

  • In 2020, Amcor introduced its latest designs of PET bottles at the Unified Wine and Grape Symposium. Along with the unique designs, the company announced a partnership with British start-up Garcon Wines to bring their unique and environmentally friendly flat wine bottles to the American market.
  • In 2019, Berry Global announced the acquisition of RPC Group PLC, at the price of USD 6.5 billion. In both the packaging and non-packaging sectors, RPC Group is a leading developer and engineer of plastic products on a global level.

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.

The detailed segments and sub-segment of the market are explained below:

By End-user:

Beverages

Food

Personal Care

Household Care

Pharmaceuticals

Other End-user Verticals

By Region:

North America: U.S., Canada

Europe: UK, Germany, France, Spain, Italy, Rest of Europe (ROE)

Asia Pacific: China, India, Japan, Australia, South Korea, Rest of Asia Pacific (RoAPAC)

Latin America: Brazil, Mexico, Rest of Latin America (RoLA)

Rest of the World

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Report Overview:

This research offers a comprehensive exploration of the emerging trends poised to shape the future business landscape. It delves deep into the pivotal factors driving the growth of the PET Bottles market over the projected period. Furthermore, the report sheds light on strategic initiatives undertaken by leading industry players to fortify their market positions.

Market Dynamics:

Encompassing a global perspective, this study presents insights into the influential entities within the worldwide PET Bottles market. It encompasses contact details, sales figures, and global market estimates. The research draws from reputable sources and institutions, aggregating a wealth of information and insightful analysis pertaining to the global PET Bottles market.

Marketing Insights:

The study furnishes essential facts and statistics relevant for marketers, consultants, and decision-makers navigating the global PET Bottles market landscape. With comprehensive regional breakdowns, this research offers a vital resource for newcomers venturing into the global PET Bottles market. It encapsulates indispensable insights extracted from the PET Bottles Market domain, facilitating informed decision-making processes.

This report covers several key questions related to the global PET Bottles market, including:

  • What can be expected for the PET Bottles market in the next decade?
  • What are the primary drivers of growth in the global PET Bottles market?
  • Which technologies are likely to experience the most rapid growth, both by market and region?
  • How do opportunities within the PET Bottles market vary based on the size of the end market?
  • What is the breakdown of PET Bottles by type and application?
  • How have recent events such as the COVID-19 pandemic and the Russia-Ukraine conflict impacted the PET Bottles market?

Our most recent research report showcases the thriving expansion of the global PET Bottles Market and offers in-depth insights into the projected market size, share, and revenue until 2031.

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