SHERIDAN, WYOMING, UNITED STATES, June 13, 2022 /EINPresswire.com/ — According to the latest report by IMARC Group, titled “PET Bottle Market: Global Industry Share, Size, Growth, Opportunity and Forecast 2022-2027”, finds that the global pet bottle market reached a value of US$ 39.7 Billion in 2021. Looking forward, IMARC Group expects the pet bottle market to reach US$ 52 Billion by 2027, exhibiting at a CAGR of 4.46% during 2022-2027.
Polyethylene terephthalate (PET) is produced by the polymerization of terephthalic acid and ethylene glycol. PET is widely recognized as a lightweight, non-toxic, and flexible material. The material belongs to the polyester family and is largely used for manufacturing plastic bottles. When compared to PVC, HDPE, and PP bottles, PET bottles are more durable, cost-effective, thermally stably, transparent, and non-reactive. The bottles are also environmentally friendly and can be recycled. As a result, PET bottles are widely used as a packaging solution for salad dressings, household cleaners, medicines, dish detergents, and mouthwash.
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PET Bottle Market Trends:
The increasing demand for PET bottles across the food and beverage (F&B) industry is one of the prime factors accelerating the market growth. The surging disposable income and rising demand for processed foods are driving this demand in the F&B industry. Furthermore, the gradual shift in consumers’ consumption patterns has surged the sales of bottled beverages, which is further bolstering the market growth. The rising use of PET bottles in the pharmaceutical industry and shifting consumer inclination toward the use of eco-friendly beverage containers are creating a positive outlook for the market.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Cospack America Corporation
BERICAP GmbH & Co. KG
Berry Global, Inc.
Graham Packaging Company Inc.
Container Corporation of Canada
Ontario Plastic Container Producers Ltd.
Constar Internationals, Inc.
Plastipak Holdings, Inc.
Breakup by Capacity:
Breakup by Distribution Channel:
Business to Business
Supermarkets and hypermarkets
Breakup by Color:
Breakup by Technology:
Stretch Blow Molding
Extrusion Blow Molding
Breakup by End-Use:
Carbonated Soft Drinks
Food Bottles & Jars
Non-Food Bottles & Jars
Middle East and Africa
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Key highlights of the report:
Market Performance (2016-2021)
Market Outlook (2022-2027)
Market Drivers and Success Factors
Impact of COVID-19
Value Chain Analysis
Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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