North America PET Bottle Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

North America PET Bottle Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Market Overview:

The North America PET bottle market size reached 3.5 Million Tons in 2022. Looking forward, IMARC Group expects the market to reach 4.0 Million Tons by 2028, exhibiting a growth rate (CAGR) of 2.2% during 2023-2028.

Polyethylene terephthalate (PET) is a thermoplastic polymer resin of the polyester family that is widely utilized for the manufacturing of plastic bottles. As compared to their counterparts, such as HDPE, PVC and PP bottles, PET bottles are more transparent, lightweight, durable, cost-effective, non-reactive, and thermally stable. They are also environment-friendly and can be recycled repeatedly, which further reduces their manufacturing cost. On account of this, PET bottles are widely used in the packaging of drinking water and beverages, medicines, household cleaners, mouthwashes, salad dressings and dish detergents.

The North America PET bottle market is currently being driven by several factors. The portability and convenience provided by PET bottles have enabled consumers to opt for on-the-go beverages that support their hectic lifestyles. Additionally, due to their flexibility, PET bottles can be customized into different shapes, sizes and designs, thereby catering to different needs and preferences of consumers. Apart from this, rapid technological advancements, such as the introduction of plasma-based coatings, have made PET bottle more impervious in nature. Furthermore, the infusion of silver in the bottle is also helping in increasing the shelf life of the product. In addition to this, rising environmental concerns among consumers have escalated the demand for recyclable PET bottles.

IMARC Group’s latest report provides a deep insight into the North America PET bottle market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the North America PET bottle in any manner.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the North America PET bottle market report, along with forecasts at the regional and country level from 2023-2028. Our report has categorized the market based on capacity, colour, technology type and end-use.

Key Regions Analysed
United States
Canada

Analysis for Each Country

Market by Capacity
High
Medium
Low

Market by Colour
Transparent
Colored

Market by Technology Type
Stretch Blow Molding
Injection Molding
Extrusion Blow Molding
Thermoforming
Others

Market by End-Use
Packaged Water
Carbonated Soft Drinks (CSD’s)
Food Bottles and Jars
Non-Food Bottles and Jars
Fruit Juice
Beer
Others

Value Chain Analysis
Key Drivers and Challenges
Porters Five Forces Analysis
Competitive Landscape
Competitive Structure
Key Player Profiles

Key Questions Answered in This Report:

How has the North America PET bottle market performed so far and how will it perform in the coming years?
What are the key regions in the North America PET bottle market?
What has been the impact of COVID-19 on the North America PET bottle market?
What is the breakup of the North America PET bottle market on the basis of capacity?
What is the breakup of the North America PET bottle market on the basis of colour?
What is the breakup of the North America PET bottle market on the basis of technology type?
What is the breakup of the North America PET bottle market on the basis of end-use?
What are the various stages in the value chain of the North America PET bottle industry?
What are the key driving factors and challenges in the North America PET bottle industry?
What is the structure of the North America PET bottle industry and who are the key players?
What is the degree of competition in the North America PET bottle industry?
What are the profit margins in the North America PET bottle industry?