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July 3, 2020, 5:48 p.m. EDT

PET Bottles Market Comprehensive Study, Rising Growth, Emerging Scope, Estimated Forecast to 2028

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Jul 03, 2020 (Market Insight Reports) -- "Safety Concerns Regarding Clean Drinking Water to Drive the Growth of the PET Bottles Market"

Factors such as rising applications of PET bottles by the beverage industry in packaged water, juices, flavored water, functional water, carbonated drinks, along with access to clean drinking water are boosting growth of the global PET bottles market. Significant initiatives by food & beverages and packaging manufacturers to develop bio-based PET is a major factor driving growth of the PET bottles market. According to our research, the BRICS countries are going to be dominant forces in the overall PET market. India and China have enormous potential to emerge as market leaders among these countries.

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“PET Bottles Widely Used for Bottled Water Manufacturing”

Among application segment, packaged water segment held the highest market share in the global PET bottles market. PET is a popular choice of packaging for bottled water, owing to its advantages including ease of molding into desired shapes. According to the British Soft Drinks Association, PET was the most commonly used packaging material for soft drinks in U.K. in 2015, and held the largest market share of 72% in U.K.

"Asia Pacific holds the leading Share of the Global Market"

Asia Pacific region was the largest PET bottles market globally, due to significant demand from China, India, and Japan. The region held a significant market share due to growing demand for PET bottles from various industries such as personal care industry and food and beverages, which is driving growth of the market in this region. According to the International Trade Administration, the sale of personal care products was recorded to US$ 50 billion in 2015 and is estimated to grow by 7% to 10% annually, in China. Such factors increases demand for PET bottles as it is widely used in the packaging of moisturizers, mouthwash, lotions, and other personal care products.

Key Factors Impacting Market Growth:

  1. Growing demand for PET bottles for functional and flavored water, ready-to-drink beverages, juices, carbonated drinks

  2. Changes in packaging regulations of different countries

  3. Unique packaging, packs of various sizes, are spurring the demand for PET bottles

With the on-going trends in the market, government support initiatives for businesses, companies are announcing numerous collaborations that are likely to have a synergistic effect on market. These efforts and initiative have led to partnerships and increasing market competition.

  1. For instance, in January 2018, Amcor Limited launched lightweight PET bottle that are portable and shatterproof specifically for carrying wines. These bottles consists of barrier coating technology that protects the wine from oxidizing in the PET bottles.

The report provides insights on the following pointers:

  1. Market Insight: Provides wide-ranging information on the global market with profile study of the key players

  2. Market Growth: Provides through information about lucrative emerging markets and analysis

  3. Market Scope: Provides information untapped geographies, new product launches, recent developments, and investments

  4. Competitive Assessment: Provides a complete assessment of strategies, market shares, manufacturing capabilities, and products by the leading players

  5. Innovation & Product Development: Provides comprehensive insights on future technologies, new product developments, and R&D activities.

The report answers questions such as:

  1. What is the forecast and the market size of the Global PET Bottles Market Market?

  2. What are the factors impacting and shaping the Global PET Bottles Market Market during the forecast period?

  3. What is the competitive landscape in the Global PET Bottles Market Market?

  4. What are regulatory frameworks and the technology trends in the Global PET Bottles Market Market?

  5. Which are segments/applications to invest in over the forecast period in the Global PET Bottles Market Market?

  6. What are the competitive strategic and opportunities in the Global PET Bottles Market Market?

  7. What are the strategic moves suitable for entering the Global PET Bottles Market Market?

Company Usability Profiles:

The report intensely explores the recent significant developments by the leading of the Global PET Bottles Market Market, which includes Crown Holdings, WestRock, Berry Plastics Group Inc., Exo Packaging, Amcor Limited, GTX Hanex Plastic Sp. Z O.O., Graham Packaging Company, Gerresheimer AG, RPC Group, Rexam PLC, Silgan Holdings, Alpha Group, Dunmore, and Berry Plastic Group Inc.

Market Segmentation:

By Packaging Type:

  • Rigid Packaging

  • Flexible Packaging

By Process:

  • Blow-molded

  • Thermoformed

By Technology

  • Hot fill

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