According to the latest report by IMARC Group, titled “PET Bottle Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” the global PET bottle market size reached US$ 41.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 54.3 Billion by 2028, exhibiting a growth rate (CAGR) of 4.29% during 2023-2028.
Polyethylene terephthalate (PET) is a widely recognized material produced through the polymerization of terephthalic acid and ethylene glycol. As a member of the polyester family, PET is valued for its lightweight, non-toxic, and flexible properties, making it ideal for manufacturing plastic bottles.
When compared to polyvinyl chloride (PVC) and high-density polyethylene (HDPE), PET bottles offer several advantages, including cost-effectiveness, ability to withstand a range of temperatures and pressures, durability, thermal stability, transparency, and non-reactivity. Additionally, PET bottles are environmentally friendly and can be easily recycled, further reducing manufacturing costs. As a result, it is witnessing massive demand as a packaging solution for various products, including salad dressings, household cleaners, medicines, dish detergents, and mouthwashes.
Global PET Bottle Market Trends:
The global market for PET bottle is witnessing steady growth owing to its increasing demand in the food and beverage (F&B) industry. This is further supported by the rising disposable incomes and shifting consumer preference toward processed food products. Furthermore, the surging demand for eco-friendly beverage containers and the enhancing focus on sustainable packaging are providing a considerable thrust to the market growth. Moreover, the increasing popularity of PET bottles due to their unique features and advantages and burgeoning environmental awareness are providing a positive outlook for the market.
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What is included in market segmentation?
The report has segmented the market into the following categories:
- 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
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