According to the latest report by IMARC Group, titled "PET Bottle Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027," the global PET bottle market reached a value of US$ 39.7 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 52 Billion by 2027, exhibiting at a CAGR of 4.46% during 2022-2027.

Polyethylene terephthalate (PET) bottles refer to bottles made from thermoplastic polymer resin. They are affordable, light in weight and environment-friendly in nature, unlike their counterparts, such as glass bottles, aluminum cans and PVC bottles. They are also characterized by enhanced strength, durability and non-reactivity. These bottles also remain thermally stable under varying temperatures and can be recycled multiple times, thereby reducing their overall manufacturing costs. As a result, they are widely utilized as the preferred packaging solution for numerous beverages, drinking water and a vast array of fast-moving consumer goods (FMGC) products, including juices, shampoos, carbonated drinks, liquid detergents, mouthwash and cooking oils.

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Global PET Bottle Market Trends:

The market is primarily driven by the escalating sales of on-the-go bottled beverages across the globe. This can be attributed to the hectic lifestyles led by the working professionals and the inflating per capita income levels of the masses. Rapid urbanization and changing consumption patterns of individuals have also provided an impetus to the rising trend of café culture across the globe, which is facilitating the uptake of PET bottles for their convenient packaging. Apart from this, continual improvements in the manufacturing processes of PET bottles have led to the launch of product variants that are associated with extending the shelf life of the packaged product. Coupled with the increasing preference for bottles made with thin films and improved gas barrier properties, this is creating a positive outlook for the market. The market is further driven by an enhanced focus on sustainable development, which has impelled the utilization of innovative interior coating processes that are expected to facilitate bottle-to-bottle recycling. This enables the users to reduce wastes while minimizing energy consumption and conserving resources at the same time.

PET Bottle Market 2022-2027 Competitive Analysis and Segmentation:

Competitive Landscape With Key Players:

• 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

Key Market Segmentation:

The report has segmented the global PET bottle market on the basis of capacity, color, technology, end-use, distribution channel and region.

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
• Coloured

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.

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