Market Overview: PET resins are widely used in the production of PET bottles. PET, short for Polyethylene terephthalate(PET) bottle market, is a versatile thermoplastic polymer that belongs to the polyester family. Polyester resins are also recognized for their exceptional combination of characteristics, encompassing mechanical, thermal, chemical, and dimensional stability. They find extensive use in the manufacturing of plastic bottles. While PET bottles are primarily employed for packaging drinking water and beverages, they are increasingly being utilized for packaging salad dressings, household cleaners, medications, dish detergents, and mouthwashes. In comparison to glass, PET bottles can reduce weight by up to 90%, leading to a more cost-effective transportation method. PET plastic bottles are currently replacing heavy and fragile glass bottles in various products, offering reusable packaging for beverages such as mineral water.

The PET Bottles Market demonstrated significant strength in 2020 and is projected to maintain a steady revenue growth rate throughout the forecast period. Key drivers contributing to market revenue growth include increased demand for bottled beverages, driven by the growing influence of Western culture, rising disposable incomes, and evolving consumer dietary habits, particularly in emerging markets like India and China. Additionally, consumers' fast-paced lifestyles have led to a preference for on-the-go beverages.

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Key Growth Drivers for the Global PET Bottles Market: Key drivers fueling the expansion of the Global PET Bottles Market include the ability to mold PET bottles into various shapes to enhance their aesthetics and functionality. Manufacturers are focusing on unique packaging and various-sized containers to differentiate their brands, fueling demand for PET bottles with customizable shapes, colors, and designs. Furthermore, technological advancements have brightened the future of the PET bottle market. Recent changes in packaging regulations in many countries have also impacted the PET bottle business positively. Additionally, the 6 FormFill concept, which combines molding and filling of plastic containers in a single step, has received favorable feedback for its energy efficiency, space-saving attributes, and cost savings compared to BloFill systems.

Factors Restraining Growth of the Global PET Bottles Market: Factors hindering the growth of the Global PET Bottles Market include disruptions in the supply chain, leading to decreased demand for PET resins, and lockdown measures imposed in various countries. The PET bottles industry experienced a significant decline in sales due to the COVID-19 pandemic. Furthermore, the cancellation of various festivals, sporting events, exhibitions, and other large gatherings worldwide, grounded flights, displaced tourism, and restricted operational capacities in several sectors have severely impacted the demand for PET bottles. Another significant barrier to the market's expansion is the restrictions placed on the use of PET bottles for alcoholic beverages. Concerns regarding environmental pollution caused by plastics like PET also pose challenges to the market's growth.

Opportunities for Players in the Global PET Bottles Market: PET is preferred by manufacturers over other plastic packaging materials due to its lower raw material consumption during manufacturing. Its high recyclability, ability to be customized with various colors and designs, has made it a popular choice. The increased awareness of environmental issues has also led to the emergence of refillable products, driving demand. Additionally, companies are inventing and innovating new recyclable and eco-friendly PET bottles for packaged water. Players in the Global PET Bottles Market can capitalize on these opportunities.

Global PET Bottles Market Leading Distribution Channel Type Segment: The Global PET Bottles Market is segmented based on distribution channels into business-to-business and retail. Retail includes supermarkets and hypermarkets, online stores, convenience stores, and others.

Major Companies Profiled in the Report:

  • 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

Strategies and Objectives of Major Companies:

  • In July 2020, Nestle Waters in North America launched three domestic still water brands, Ozarka, Deer Park, and Zephyrhills, in the United States, using 100% recycled plastic (rPET) packaging as part of their sustainability efforts.
  • In February 2020, Amcor showcased its latest and unique designs at the North American Wine and Grape Symposium. Additionally, the company announced a partnership with Garçon Wines, a British start-up, to produce flat wine bottles in the United States using post-consumer recycled (PCR) PET plastic.

Detailed Segmentation in Our Report: The Global PET Bottles Market is segmented based on capacity type, color type, distribution channel type, end-user type, and region:

  • Capacity Type Outlook (Revenue, USD Billion; 2018-2028)
    • High
    • Medium
    • Low
  • Color Type Outlook (Revenue, USD Billion; 2018-2028)
    • Transparent
    • Colored
  • Distribution Channel Type Outlook (Revenue, USD Billion; 2018-2028)
    • Business to Business
    • Retail
  • End-User Type Outlook (Revenue, USD Billion; 2018-2028)
    • Beverages
    • Packaged Water
    • Carbonated Soft Drinks
    • Food Bottles & Jars
    • Non-Food Bottles & Jars
    • Fruit Juice

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