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The global PET bottle market reached a volume of 13.1 Million Tons in 2020. Looking forward, IMARC Group expects the market to reach a volume of 15.2 Million Tons by 2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
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.
IMARC Group provides an analysis of the key trends in each sub-segment of the global PET bottle market report, along with forecasts for growth at the global and regional level from 2021-2026. Our report has categorized the market based on capacity, color, technology, end-use and distribution channel.
Breakup by Capacity:
The market has been divided on the basis of the capacity into high, medium and low capacity PET bottles.
Breakup by Distribution Channel:
On the basis of the distribution channel, the market has been bifurcated into business-to-business (B2B) and retail. The retail segment is further segregated into supermarkets and hypermarkets,
convenience stores, online, and others.
Breakup by Color:
Based on the color, the market has been segmented into transparent and colored PET bottles.
Breakup by Technology:
The market has been analyzed on the basis of technology into stretch blow molding, injection molding, extrusion blow molding, thermoforming and others.
Breakup by End-Use:
Based on the end use, the packaging of water segment exhibits a clear dominance in the market as these bottles are considered safer for storing water. Moreover, due to growing environmental concerns, various beverage companies are enhancing their packaging solutions by adopting the latest PET bottle manufacturing techniques. Other end use segments include carbonated soft drinks (CSDs), food bottles and jars, non-food bottles and jars, fruit juice and beer.
On the geographical front, Asia Pacific represents the largest market for PET bottles around the world. This can be accredited to the inflating income levels in the region, and a consequent rise in the demand for packaged foods and beverages. Other major markets include North America, Latin America, Europe, and Middle East and Africa.
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:
|Base Year of the Analysis||2020|
|Units||Million Tons, US$ Billion|
|Segment Coverage||Capacity, Distribution Channel, Color, Technology Type, End-Use, Region|
|Region Covered||Asia Pacific, Europe, North America, Latin America, Middle East and Africa|
|Companies Covered||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|
|Customization Scope||10% Free Customization|
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Corporate License: US$ 4499
|Post-Sale Analyst Support||10-12 Weeks|
|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
The global PET bottle market reached a volume of 13.1 Million Tons in 2020.
According to the estimates by IMARC Group, the global PET bottle market is expected to exhibit stable growth during 2021-2026.
The expanding packaging sector along with the rising demand for ready-to-drink beverages represent some of the key drivers for the global PET bottle market.
The emergence of innovative technologies, such as plasma-based coating that has made PET bottles more impervious in nature, represents one of the key trends in the global PET bottle market.
Sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations resulting in temporary shutdown of numerous manufacturing facilities of PET bottles.
On the basis of the end-use, the market has been bifurcated into packaged water, carbonated soft drinks, food bottles & jars, non-food bottles & jars, fruit juice, beer, and others. Currently, packaged water holds the majority of the total market share.
On the basis of the distribution channel, the market has been divided into business to business and retail. Among these, business to business represents the largest segment.
On the basis of the technology, the market has been segmented into stretch blow molding, injection molding, extrusion blow molding, thermoforming, and others. At present, extrusion blow molding exhibits a clear dominance in the market.
Region-wise, the market has been classified into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America, where Asia Pacific dominates the global market.
The key companies in the global PET bottle market 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.
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