With 4.46% CAGR, PET Bottle Market to reach US$ 52 Billion by 2027 | Global Industry Report and Segmentation

According to the latest report by IMARC Group, titled "PET Bottle Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027," the global PET bottle market reached a value of US$ 39.7 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 52 Billion by 2027, exhibiting at a CAGR of 4.46% during 2022-2027.

Polyethylene terephthalate, or as commonly known as PET, is a strong, lightweight, and clear plastic belonging to the polyester family. It is a thermoplastic polymer resin of the polyester family which is extensively employed for producing plastic bottles. PET bottles are more transparent, durable, non-reactive, lightweight, thermally stable, and cost-effective, as compared to PP, HDPE, and PVC bottles. Since these bottles are environment-friendly, they can be recycled repeatedly, which, in turn, reduces their manufacturing cost significantly.

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Global PET Bottle Market Trends:

Rapid technological advancements, such as the development of a plasma-based coating that enhances the natural imperviousness of PET bottles, represents one of the key factors driving the market growth across the globe. Apart from this, the rising demand for drinking water and beverages in convenient packaging solutions is driving the growth of the market. In line with this, the rising popularity of PET bottles as the ideal packaging solution for household cleaners, salad dressings, dish detergents, mouthwashes, and medicines, is further driving the market toward growth. Other factors, such as the rising consumer expenditure capacities, the increasing preference for on-the-go beverages, which is facilitating the product demand, and the growing westernization, especially in the developing economies, are expected to create a positive outlook for the market across the globe.

PET Bottle Market 2022-2027 Competitive Analysis and Segmentation:

Competitive Landscape With Key Players:

The competitive landscape of the PET bottle market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

  • 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.
  • Resilux NV

Key Market Segmentation:

The report has segmented the global PET bottle market on the basis of capacity, color, technology, end-use, distribution channel and region.

Breakup by Capacity:

  • High
  • Medium
  • Low

Breakup by Distribution Channel:

  • Business to Business
  • Retail
    • Supermarkets and hypermarkets
    • Convenience Stores
    • Online
    • Others

Breakup by Color:

  • Transparent
  • Coloured

Breakup by Technology:

  • Stretch Blow Molding
  • Injection Molding
  • Extrusion Blow Molding
  • Thermoforming
  • Others

Breakup by End-Use:

  • Packaged Water
  • Carbonated Soft Drinks
  • Food Bottles & Jars
  • Non-Food Bottles & Jars
  • Fruit Juice
  • Beer
  • Others

Regional Insights:

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

Ask Analyst for 10% Free Customized Report: https://www.imarcgroup.com/request?type=report&id=583&flag=E

Key Highlights of the Report:

  • Market Performance (2016-2021)
  • Market Outlook (2022-2027)
  • Market Trends
  • 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.

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

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