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The global PET bottle market reached a value of US$ 39.7 Billion in 2021.
According to the estimates by IMARC Group, the global PET bottle market is expected to exhibit a CAGR of 4.46% during 2022-2027.
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, stretch 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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