The latest report by IMARC Group, titled “PET Bottle Market: Global Industry Share, Size, Growth, Opportunity and Forecast 2022-2027”, finds that the global pet bottle market reached a value of US$ 39.7 Billion in 2021. Polyethylene terephthalate (PET), a thermoplastic polymer resin, belongs to the polyester family, and is widely used for the manufacturing plastic bottles. PET bottles are comparatively more durable, lightweight, transparent, non-reactive, thermally stably, and cost-effective than PP, HDPE, and PVC bottles. These bottles are also environmentally friendly and can be recycled, thus further reducing their manufacturing cost. Consequently, they find extensive applications across the food and beverage (F&B) and packaging industries.
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PET bottles are primarily used in the packaging of drinking water and other beverages. Apart from this, PET bottles are also gaining prominence as a packaging solution for household cleaners, medicines, salad dressings, dish detergents, and mouthwashes. This represents one of the key factors driving the market growth. Other factors, such as the introduction of plasma-based coatings that make the bottles more impervious and the utilization of silver to increase the overall product shelf-life, are creating a positive outlook for the market across the globe. Looking forward, IMARC Group expects the pet bottle market to reach US$ 52 Billion by 2027, exhibiting at a CAGR of 4.46% during 2022-2027.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Competitive Landscape:
- Amcor Limited
- Cospack America Corporation
- BERICAP GmbH & Co. KG
- Rexam, Inc.
- Berry Global, Inc.
- Graham Packaging Company Inc.
- Container Corporation of Canada
- Ontario Plastic Container Producers Ltd.
- Constar Internationals, Inc.
- Alpha Packaging
- Alpack Plastics
- Plastipak Holdings, Inc.
- Resilux NV
Breakup by Capacity:
- High
- Medium
- Low
Breakup by Distribution Channel:
- Business to Business
- Retail
- Supermarkets and hypermarkets
- Convenience Stores
- Online
- Others
Breakup by Color:
- Transparent
- Colored
Breakup by Technology:
- Stretch Blow Molding
- Injection Molding
- Extrusion Blow Molding
- Thermoforming
- Others
Breakup by End-Use:
- Packaged Water
- Carbonated Soft Drinks
- Food Bottles & Jars
- Non-Food Bottles & Jars
- Fruit Juice
- Beer
- Others
Regional Insights:
- North America
- Asia Pacific
- Europe
- Latin America
- Middle East and Africa
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise
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IMARC Group
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