The global PET bottle market reached a volume of 12.7 Million Tons in 2019. Polyethylene terephthalate (PET) refers to a thermoplastic polymer resin of the polyester family which is widely used for manufacturing plastic bottles. In comparison with PP, HDPE and PVC bottles, PET bottles are more durable, transparent, lightweight, non-reactive, cost-effective and thermally stable. Moreover, they are environment-friendly and can be recycled repeatedly which further reduces their manufacturing cost. Primarily used in the packaging of drinking water and beverages, PET bottles are also gaining prominence as a packaging solution for salad dressings, household cleaners, medicines, dish detergents and mouthwashes. Looking forward, IMARC Group expects the global PET bottle market to exhibit moderate growth in the next few years.
Global PET Bottle Market Drivers:
Breakup by Capacity:
Breakup by Distribution Channel:
Breakup by Color:
Breakup by Technology:
Breakup by End-Use:
The competitive landscape of the PET bottle industry has been examined along with detailed profiles of the major players operating in the market. Some of the leading players are:
Key Questions Answered in This Report
The global PET Bottle market size reached 12.7 Million Tons in 2019.
According to IMARC Group estimates, the global PET Bottle market will reach a volume of around 14.8 Million Tons by 2025.
Some of the major trends being witnessed in the PET bottle industry are the rising influence of westernization, inflating disposable incomes and altering food patterns of consumers, which have increased the demand for bottled beverages, particularly in developing countries.
The major drivers bolstering the growth of the market are the introduction of a plasma-based coating that has made PET bottles more impervious in nature. Furthermore, recent changes in packaging regulations of various countries and the rapid development of the FMCG (fast-moving consumer goods) sector are also driving the growth of the market.
The major PET Bottle manufacturers are 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. and Resilux NV.
Based on the region, Asia Pacific is the largest market for PET bottles globally.
The global PET bottle market is expected to exhibit a CAGR of 2.6% during 2020-2025.
Business to business is the dominant channel of distribution, accounting for the majority of the overall market share.
Extrusion blow molding currently represents the most used technology for manufacturing PET bottles, on account of its cost-effectiveness.
Packaged water is the largest end use segment, as PET bottles are durable, inert and can withstand rough handling during transportation.
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