The new report by Expert Market Research titled, ‘Global PET Bottles Market Size, Share, Growth, Demand, Report and Forecast 2020-2025’, gives an in-depth analysis of the global PET bottles market, assessing the market based on its segments like capacity, distribution channels, colours, technology types, end-uses, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
The key highlights of the report include:
Market Overview (2015-2025)
1. Historical CAGR (2015-2019): 1.8%
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The growing popularity of ready-to-drink beverages and flavoured water is expected to fuel growth in the industry. Some of the other factors, such as the growing demand for lightweight and convenient packaging, the development of innovative products, rising disposable incomes, increased use in personal care products, and the rising demand from the pharmaceutical industry for the PET bottle are also expected to drive market growth in the forecast period.
Industry Definition and Major Segments
PET (polyethylene terephthalate) refers to a polymer resin that is a thermoplastic. It is widely used to produce plastic bottles, containers, and other products. They are lightweight, strong, and naturally cost-effective.
On the basis of capacity, the market is divided into:
Based on distribution channel, the industry is segmented into:
1. Business to Business
By colour, the market is bifurcated into:
Based on technology type, the market is segmented into:
1. Stretch Blow Moulding
2. Injection Moulding
3. Extrusion Blow Moulding
On the basis of end use, the industry is divided into:
1. Packaged Water
2. Carbonated Soft Drinks (CSD’s)
3. Food Bottles and Jars
4. Non-Food Bottles and Jars
5. Fruit Juice
Based on region, the industry is divided into:
1. North America
3. Asia Pacific
4. Latin America
5. Middle East and Africa
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The global demand for PET bottles is projected to experience a significant growth due to the rapid growth of the food and beverage industry. Increasing consumption of carbonated drinks, juices, health drinks, and other similar products, is also expected to increase fuel the demand for PET packaging bottles and will support the target market revenue growth. Because of its features, such as durability and strong barrier resistance, the PET material is widely used in personal and beauty care products for packaging. The rising beauty and personal care product consumption is a key factor that is expected to drive the market growth. In addition, the growing demand for bottled water for personal and residential use is expected to fuel the growth of the global market for PET bottles. PET bottles are also used for packaging pharmaceutical items such as drugs and other goods, which are further expected to propel the market forward. The continuing trend of on-the-go beverage consumption is expected to increase the market growth as well.
Strict government regulations on plastic use, however, are expected to hamper the market growth to some degree. The increasing demand for eco-friendly packaging solutions is also expected to impede the growth of the global market for PET bottles over the forecast period.
Key Market Players
The major players in the market are Amcor Limited, Berry Global, Inc, Graham Packaging Company Inc., Container Corporation of Canada, Alpha Packaging, and others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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