Pet Bottles Market
Industry
- Automobile and Transportation
- Chemicals and Materials
- Consumer Goods
- Energy and Power
- Electronics and Semiconductor
- Food and Beverages
- Machinery and Equipment
- Pharma and Healthcare
- Service and Software
- Others
- Packaging
- ICT
- Technology
- Medical Devices and Consumables
- Agriculture
- Medical Care
- Aerospace and Defense
PET Bottles Market Size, Share & Analysis By Product Type (Up to 500 ml, 500-1000 ml, 1000-2000 ml, and More than 2000 ml), By Category (Colored, Transparent), By End-Use (Cosmetics, Food and Beverages, Household Care, and Pharmaceutical), By Distribution Channel (Convenience Stores, Online, Supermarkets & Hypermarkets), By Region (North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa), and Growth Forecast To 2032
Report ID: RV298447 | Published: Feb 2024 | Historical Period: 2018-2022 | Pages: 176 | Price: $3260| Industry: Chemicals and Materials
PET Bottles Market Overview 2024:
The global PET bottles market size was USD 42 billion in 2023 and is expected to register a rapid revenue CAGR of 4% during the forecast period. This growth can be significantly driven by factors such as rapidly expanding food and beverages and packaging sectors, high preference for lightweight packaging, and rising investments in R&D investments.
PET (Polyethylene terephthalate) bottles are widely used for packaging water, beverages, household items, and personal care products. PET is a thermoplastic polymer that is lightweight, strong, versatile, and transparent.
These bottles are recyclable, environmentally friendly, flexible, and durable, making them an ideal choice across various industrial applications such as cosmetics, food and beverages, household care, and pharmaceuticals.
PET bottles come in various shapes, sizes, and designs to accommodate different products and packaging requirements. Moreover, these have barrier coatings to protect against oxygen, moisture, and other factors that can otherwise affect the quality and shelf life of the packaged product.
However, the PET bottles market often faces competition from alternative packaging materials like glass, aluminum, and cartons. This is expected to hamper the overall market growth to a certain extent during the forecast period. Moreover, PET bottles contribute to plastic pollution if not disposed of properly.
Graphical Overview:
Key Takeaways:
Rapid Advancements in PET Technology:
Rapid advancements in PET manufacturing techniques such as stretch blow molding and barrier coatings enhance the performance and functionality of PET bottles is a key factor expected to drive global market growth during the forecast period. Other factors such as growing demand for convenience, increasing awareness about environmental issues, and government regulations for recycling and sustainable packaging practices are expected to drive global market growth going ahead.
Volatility in Raw Material Prices:
Volatility in raw material prices can affect the profitability of PET bottle manufacturers. This is a key factor that can affect the global market growth to a greater extent during the forecast period. Moreover, other factors such as stringent regulations and quality standards regarding food safety, product labeling and packaging materials, and rising availability of alternative packaging formats are expected to hamper overall market growth during the forecast period.
Product Type Outlook:
The global market is segmented into up to 500 ml, 500-1000 ml, 1000-2000 ml, and more than 2000 ml based on product type. The up to 500 ml segment is expected to register a rapid revenue CAGR over the forecast period. This growth can be attributed to factors like high usage of up to 500 ml bottles for single-serve beverages such as water, soft drinks, energy drinks, juices, sports drinks, personal care items, and sauces, growth preference for smaller-sized bottles for on-the-go consumption and convenience and rising availability of these bottles in convenience stores, supermarkets, and online platforms.
End Use Outlook:
Based on end use, the global market is segmented into cosmetics, food and beverages, household care, and pharmaceuticals. Among these, the food and beverages segment is expected to account for a significantly larger revenue share during the forecast period owing to rapidly expanding food and beverages industry, rising awareness about environmental impact, and high usage of PET bottles for various beverages such as water, soft drinks, juices, alcoholic beverages, and sports drinks.
Regional Outlook:
North America is expected to account for the largest revenue share during the forecast period owing to rapid advancements in PET technology, rapidly expanding food and beverage and packaging industries, growing preference for lightweight packaging, and presence of leading companies. Moreover, rising demand for convenience, growing awareness of environmental issues, favorable government support for promoting recycling and sustainable packaging practices and rising investments in R&D activities are other factors expected to drive North America market growth going ahead.
Report Coverage:
| Report Details | Outcome |
| Base Year for Estimation | 2023 |
| Historical Data | 2018-2022 |
| Forecast Period | 2024-2032 |
| Segments Covered: | Product Type, Category, End-Use, Distribution Channel and Region |
| By Product Type | Up to 500 ml, 500-1000 ml, 1000-2000 ml, and More than 2000 ml |
| By Category | Colored, Transparent |
| By End Use | Cosmetics, Food and Beverages, Household Care, and Pharmaceutical |
| By Distribution Channel | Convenience Stores, Online, Supermarkets & Hypermarkets |
| Regional Scope | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Country Scope | United States, Canada, Germany, France, UK, Italy, Russia, China, Japan, South Korea, Southeast Asia, India, Mexico, Brazil, Saudi Arabia, UAE, Turkey |
| Qualitative Info | •Value Chain Analysis •Pricing Analysis •Regional Outlook •Market Trends •Market Share Analysis •Competition Analysis •Technological Advancements |
| Key Players | RETAL Industries, Gerresheimer, Amcor, RPC Group, Plastipak Holdings, Resilux, ALPLA, Esterform Packaging, Taiwan Hon Chuan Enterprise, PDG Plastiques, Zhongfu Enterprise, Alpha Packaging, Mpact Limited, Canyon Plastics, Senpets, Eskapet Pet Urunleri Ltd, Manjushree Technopack |
| Customization Scope | 10 Hours of Free Customization and Expert Consultation |
Competitive Landscape:
The global PET bottles market is extremely competitive, comprising several regional and global level key players. Leading key players are focused on adopting various strategic alliances like mergers and acquisitions, partnerships, joint ventures, collaborations, and product launches to maintain their global position and enhance their product offerings. They are also focused on innovation, and scalability, and are adapting to evolving technology trends and consumer needs.
Some Leading Market Companies Listed in the Report:
- RETAL Industries
- Gerresheimer
- Amcor
- RPC Group
- Plastipak Holdings
- Resilux
- ALPLA
- Esterform Packaging
- Taiwan Hon Chuan Enterprise
- PDG Plastiques
- Zhongfu Enterprise
- Alpha Packaging
- Mpact Limited
- Canyon Plastics
- Senpets
- Eskapet Pet Urunleri Ltd
- Manjushree Technopack
PET Bottles Industry Recent Developments:
- In January 2024, Coca-Cola India and Reliance launched PET collection and recycling initiatives.
- In November 2023, Sidel announced the launch of ultra-small and light PET bottles for liquid dairy products in 65 ml to 150 ml capacities.
- In October 2023, Coca-Cola India announced the launch of 100% recycled PET bottles (rPET) for its carbonated beverages available in 250 ml and 750 ml packs.
- In August 2023, ALPLA collaborated with PTT Global Chemical to launch Thailand’s first food-grade rPET to the market.
The global PET bottles Market has been segmented based on product type, category, end use, distribution channel, and region:
By Product Type:
- Up to 500 ml
- 500-1000 ml
- 1000-2000 ml
- More than 2000 ml
By Category:
- Colored
- Transparent
By End Use:
- Cosmetics
- Food and Beverages
- Household Care
- Pharmaceutical
By Distribution Channel:
- Convenience Store
- Online
- Supermarkets & Hypermarkets
By Region:
- North America
- United States
- Canada
- Europe
- Germany
- France
- UK
- Italy
- Russia
- Nordic Countries
- Asia Pacific
- China
- Japan
- South Korea
- Southeast Asia
- India
- Australia
- Rest of Asia
- Latin America
- Mexico
- Brazil
- Rest of Latin America
- Middle East & Africa
- Turkey
- Saudi Arabia
- UAE
- Rest of MEA
Frequently Asked Questions!
- RETAL Industries
- Gerresheimer
- Amcor
- RPC Group
- Plastipak Holdings
- Resilux
- ALPLA
- Esterform Packaging
- Taiwan Hon Chuan Enterprise
- PDG Plastiques
- Zhongfu Enterprise
- Alpha Packaging
- Mpact Limited
- Canyon Plastics
- Senpets
- Eskapet Pet Urunleri Ltd
- Manjushree Technopack
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