The global PET bottles market reached a volume of 13.1 Million Tons in 2020. Looking forward, the market is expected to continue its moderate growth during the next five years., according to a new report by IMARC Group.
PET bottles are made from polyethylene terephthalate and represent the most common type of plastic bottles. They are an ideal solution for packaging processed food products and are extensively used across various industries due to their strength, light weight, non-reactivity and shatterproof nature. In addition to this, PET bottles are cheaper when compared to other packaging solutions like aluminum cans and glass bottles. Moreover, these bottles are environment-friendly as they can be recycled repeatedly which further reduces their manufacturing costs. Owing to these factors, PET bottles are increasingly being used for packing a wide range of products such as water, carbonated beverages, juices, cooking oils, shampoos and mouthwashes.
Some of the major players operating in the industry include Amcor Limited (NYSE: AMCR), Cospack America Corporation, BERICAP GmbH & Co. KG, Rexam, Inc., Berry Global, Inc (BERY), Graham Packaging Company Inc. (GRM), Container Corporation of Canada (CONCOR.NS), Ontario Plastic Container Producers Ltd., Constar Internationals, Inc., Alpha Packaging, Alpack Plastics, Plastipak Holdings, Inc. and Resilux NV.
Browse full report with detailed TOC and list of figures and tables: https://www.imarcgroup.com/PET-bottle-manufacturing-plant
PET Bottle Market Trends:
PET bottles can be easily molded into a variety of shapes which improves their appearance and utility. Increasing focus on unique packaging and different-sized packs as an important tool for brand differentiation has propelled the demand for PET bottles with customized shapes, designs and colors. Another major factor which has contributed to the sales of PET bottles is the rapid development of the FMCG (fast-moving consumer goods) sector. Due to increasing disposable incomes, changing lifestyles and altering dietary patterns of consumers, the demand for several FMCG products has proliferated over the years. Further, various companies operating in the market are developing innovative methods for manufacturing PET bottles in order to increase the shelf life of the packaged products. For instance, they are improving the gas barrier property of these bottles by including thin films in their production.
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PET Bottles Market Segmentation:
Market Breakup by Capacity
Market Breakup by Distribution Channel
1. Business to Business
Market Breakup by Colour
Market Breakup by Technology Type
1. Stretch Blow Molding
2. Injection Molding
3. Extrusion Blow Molding
Market Breakup by End-Use
1. Packaged Water
2. Carbonated Soft Drinks (CSD’s)
3. Food Bottles and Jars
4. Non-Food Bottles and Jars
5. Fruit Juice
Market Breakup by Region
1. North America
3. Asia Pacific
4. Middle East and Africa
5. Latin America
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