Global PET Bottles Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast: 2018–2027

PET Bottles Market Overview:

“The global PET Bottles Market size is expected to be worth around US$ 60.4 million by 2021 from US$ 141.2 million in 2031, growing at a CAGR of 6.5% during the forecast period 2021 to 2031.”

This PET bottles market report is based on the synthesis, analysis, and interpretation of information gathered regarding the target market from various sources.

Our researchers have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market.

In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in the future.

PET (Polyethylene terephthalate) is a thermoplastic polymer resin, and often used to manufacture plastic bottles, containers etc. Global PET bottles market is expected to witness substantial growth, owing to increasing demand for PET bottles from food and beverages industry.

Market Dynamics:

Global PET bottles market is expected to register significant growth, owing to rapid growth of food and beverages industry. In addition, increasing consumption of carbonated drinks, juices, health drinks etc., is expected to further fuel demand for PET bottles for packaging and will support revenue growth of the target market.

PET material is widely used in personal and beauty care products for packaging, owing to its features such as durability and strong barrier resistance. Increasing consumption of beauty and personal care products is key factor expected drive revenue growth of target market.

Moreover, increasing demand for bottled water for personal and residential use is expected to propel growth of the global PET bottles market.

PET bottles is also used for packaging pharmaceuticals products such as medicines and other products, which is further expected to augment growth of the global PET bottles market. Ongoing trend of on-the-go consumption of beverages is expected to augment growth of the target market.

However, stringent government regulation regarding usage of plastic is expected to hamper growth of the target market to certain extent. In addition, increasing demand for eco-friendly packaging solutions is expected to hinder growth of the global PET bottles market over the forecast period.

Regional Insights:

Asia Pacific Market is expected to register significant growth, owing to growing urbanization and increasing disposable income. In addition, changing lifestyle of urban population is expected to generate demand for premium packaged products and hence support positive growth of the target market in the region.

The region has strong presence of various PET bottle manufacturers and cost of production is lower as compared to other, which is a major factor expected to further drive growth the target market.

Market in North America is expected to witness substantial growth, owing to strong presence of healthcare industry.

In addition, PET material is also used for packaging pharmaceuticals products such as tablets, powders etc., which is key factor expected to drive growth of the target market in the region.

Increasing awareness regarding healthy lifestyle is expected to generate demand for health drinks is a key factor expected to support revenue growth of the target market.

Markets in Europe, Latin America, and Middle East & Africa are expected to register moderate growth during the forecast period.

Segmentation and Key Players Operating in Global PET Bottles Market:

Segmentation by capacity:

• Up to 500 ml
• 500 ml to 1000 ml
• 1000 ml to 2000 ml
• More than 2000 ml

Segmentation by neck type:

• ROPP/BPV
• PCO/BPF
• ALASKA/BERICAP/OBRIST

Segmentation by end use:

• Food and beverages
• Personal care
• Home care
• Pharmaceuticals

Segmentation by region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa