Global Multilayer PET Bottles Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Multilayer PET Bottles Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Multi-layer PET bottle composed of multi-layer materials. Both the outer layer and the inner layer of the preform are made of PET, and the middle layer is sandwiched with a barrier material. Multi-layer PET bottles have special effects of pressure resistance and high temperature resistance, and can be pasteurized. Compared with traditional PET bottles, multilayer bottles have the advantage of good barrier properties. They can effectively block oxygen, carbon dioxide and water vapor, thereby extending the shelf life of packaged foods, keeping the taste fresh, and greatly reducing product quality risks. At present, it can be widely used in the packaging of jams, milk, ketchup, condiments, beverages, beer and other products with fresh-keeping requirements.

Market Overview:

The latest research study on the global Multilayer PET Bottles market finds that the global Multilayer PET Bottles market reached a value of USD 6465.79 million in 2022. It’s expected that the market will achieve USD 8844.55 million by 2028, exhibiting a CAGR of 5.36% during the forecast period.

Growing market demand

Food and beverage are one of the world largest consumer groups, and the industry is also the main end-user of multilayer PET bottles. The increase in disposable income and changes in lifestyle have affected consumption patterns, leading to increased demand for packaged beverage products and other fast-moving consumer goods. Due to the increase in consumers of packaged food and beverages and the expansion of the food retail industry, the food and beverage industry is growing rapidly, and the increase in population and economic income are promoting the development of the industry. In addition, consumers increasing attention to health and well-being and increasing awareness of water-borne diseases, coupled with increasing spending capacity, have driven the global demand for packaged drinking water, which is expected to increase multi-layer PET bottles in food and beverages. The growth of application areas has a positive impact.

Emerging market growth

The population growth, the increase in disposable income and the steady economic growth in the Asia-Pacific region have further led to the rapid growth of the liquid food industry, which has promoted the demand for liquid packaging and thus promoted the development of the multilayer PET bottle industry. India and China have a large food and beverage consumer groups, as well as other end-users of liquid packaging. In addition, the demand for packaged water in emerging economies such as India, Mexico, and South Africa is mainly due to the massive increase in population, the influx of international students and tourists, and the inability of poor people to obtain safe drinking water. The quality of tap water, easy availability of packaged water and increased health awareness have promoted the demand for bottled water packaging. The growth of emerging markets will bring great opportunities to the multilayer PET bottle market.

Region Overview:

In global comparison, a significant portion of the revenue was generated in Europe (39.63% in 2021).

Company Overview:

Berry Global, Inc is one of the major players operating in the Multilayer PET Bottles market, holding a share of 3.11% in 2022.

Berry Global, Inc

Berry Global, Inc is a Fortune 500 global manufacturer and marketer of plastic packaging products, produces and markets plastic packaging products. The Company provides agricultural films, drink cups, plates, bottles, bowls, jars, containers, lids, tubes, closures, and trash bags, as well as offers tapes, adhesives, and other packaging products. Berry Global serves customers worldwide.

Amcor

Amcor is a global leader in the development and production of responsible packaging for food, beverage, pharmaceutical, medical, household and personal care, and other products. Amcor develops and produces packaging for hard plastic containers used in snacks and candies, cheese and yogurt, fresh produce, beverages and pet food, as well as brands in the food, beverage, pharmaceutical, personal and home care sectors. The company global pharmaceutical packaging meets the requirements for unit dosage, safety, patient compliance, anti-counterfeiting and sustainability.

Application Overview:

By application, the Drinks and Water segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Multilayer PET Bottles market covered in Chapter 3:

Berry Global, Inc
RETAL
Shanghai zijiang enterprise group co.,ltd
ALPLA
Amcor
Plastipak
Samyang packaging
Zhuhai Zhongfu Enterprise Co.,Ltd
Chemco group
Graham Packaging Company Inc.
Indorama Ventures

In Chapter 4 and Chapter 14.2, on the basis of types, the Multilayer PET Bottles market from 2018 to 2029 is primarily split into:

Up to 500 ml
500-1000 ml
More Than 1000 ml

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Multilayer PET Bottles market from 2018 to 2029 covers:

Drinks and Water
Edible Oil
Sauces
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)