PET Bottles Market, By Application (Beverages (Carbonated Soft Drinks, Packaged Water, Fruit Juice, and Others), Personal Care Products, Household Care Products, and Others) and by Region (North America, Latin America, Asia Pacific, Europe, and Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028
Polyethylene terephthalate (PET) plastic is widely used for manufacturing packaging materials such as bottles. PET bottles are more durable, transparent, lightweight, non-reactive, cost-effective, and thermally stable than polypropylene (PP), high-density polyethylene (HDPE), and polyvinyl chloride (PVC) bottles.
Market Dynamics
The demand for PET bottles for bottled water packaging is being driven by the growing demand for packaged drinking water among consumers around the world, as they offer a long shelf life, ease of use, and enhanced protection against potential deterioration agents, as well as are less expensive than other packaging options.
PET is also preferred by manufacturers over other plastic packaging products, as it allows for the least amount of raw material loss during the manufacturing process. Its highly recyclable nature, as well as the ability to add multiple colors and designs, has elevated it as a preferred option. Refillable products have also emerged as a result of growing consumer awareness of environmental issues, resulting in increased demand for the PET bottles.
Consumers are increasingly gravitating toward alternative packaging materials that are more environmentally friendly. Owing to their environmentally friendly nature and great recyclability, aluminum and glass have seen strong acceptance rates. As a result, consumers are increasingly turning away from plastic. Therefore, this factor is hampering the growth of the global PET bottles market.
Key features of the study:
This report provides an in-depth analysis of the global PET bottles market, market size (US$ Bn), and compound annual growth rate (CAGR %) for the forecast period (2021-2028), considering 2020 as the base year
It elucidates potential revenue opportunity across different segments and explains an attractive investment proposition matrix for this market
This study also provides key insights about market drivers, restraints, opportunities, new material type launches or approvals, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global PET bottles market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
Key companies covered as a part of this study include Berry Plastics Group Inc., GTX Hanex Plastic Sp. Z O.O., Gerresheimer AG, Graham Packaging Company, RPC Group, Rexam PLC, Silgan Holdings, WestRock, Exo Packaging, Alpha Group, and Crown Holdings
Insights from this report would allow marketers and management authorities of companies to make an informed decision regarding future product launches, technology up-gradation, market expansion, and marketing tactics
The global PET bottles market report caters to various stakeholders in this industry including investors, suppliers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global PET bottles market
Detailed Segmentation:
Global PET Bottles Market, By Application:
Beverages
Carbonated Soft Drinks
Packaged Water
Fruit Juice
Others
Personal Care Products
Household Care Products
Others
Global PET Bottles Market, By Region:
North America
By Country:
U.S.
Canada
Europe
By Country:
U.K.
Germany
France
Italy
Spain
Russia
Rest of Europe
Asia Pacific
By Country:
China
India
Japan
South Korea
ASEAN
Australia
Rest of Asia Pacific
Latin America
By Country:
Brazil
Argentina
Mexico
Rest of Latin America
Middle East & Africa
By Country/Region:
Middle East
Africa
Company Profiles
Berry Plastics Group Inc.*
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments
Future Plans
GTX Hanex Plastic Sp. Z O.O.
Gerresheimer AG
Graham Packaging Company
RPC Group
Rexam PLC
Silgan Holdings
WestRock
Exo Packaging
Alpha Group
Crown Holdings
“*” marked represents similar segmentation in other categories in the respective section.
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