Transparency
Market Research delivers crucial insights on the PET bottles market
in its published report, titled “PET
Bottles Market: Global Industry Analysis, Size, Share, Growth, Trends
and Forecast, 2018-2027”.
In terms of revenue, the global
PET bottles market
is projected to expand at a CAGR
of 4.1% during
the forecast period, owing to numerous factors, about which TMR
offers thorough insights and forecasts in this report.
Polyethylene terephthalate (PET)
is a widely used plastic across the globe. PET bottles can be
manufactured by two types of molding methods, namely - one step and
two-step. PET bottles are highly consumed product in the packaging
industry owing to the rising demand from food & beverages,
personal care & cosmetics, pharmaceuticals, and other end-use
sectors. PET bottles find useful applications in various end-use
industries. PET bottles are available in various volumes from 100 ml
and 200 ml to 2000 ml & above. PET bottles can be custom-made as
per the requirement as well.
In
the report PET bottles market, TMR suggests that the increasing
consumption of beverages such as, carbonated drinks, energy drinks,
packaged bottled water, and others across the globe is supposed to be
the key driver for the growth of the global PET bottles market. The
500 ml to 1000 ml PET bottles segment is expected to be the most
lucrative type as per capacity. PET bottles within this capacity
range are easy to use and can be carried comfortably. The 500 ml to
1000 ml capacity segment is expected to account for more than 50% of
the total market share in 2018. In terms of neck type,
alaska/bericap/obrist account for approximately 50.4% of the total
PET bottles market by market value. The TMR study analyses the PET
bottles market in several regions and focuses on the key dynamics
affecting the market globally. There is a consistently high demand
for PET bottles in the market due to their recyclability as compared
to other materials. These factors are supposed to drive the growth of
the global PET bottles market during the next decade. In terms of
end-use industries, the beverages end-use segment is expected to
drive the demand for PET bottles. The plastic ban implemented by
several governments impede the growth of PET bottles.
On the basis of consumption of PET
bottles, packaged water segment is estimated to overtake the
carbonated soft drinks market as the most consumed beverage type. The
customers in the developing, as well as developed countries, are
switching from carbonated drinks to energy drinks and juices. The
volume sales of bottled water have grown at more than 10% in the past
few years in the U.S., Germany, and Italy. The carbonated drinks
segment has been witnessing a decline in sales for more than ten
consecutive years, and beverage companies like PepsiCo, and Dr Pepper
Snapple, are eyeing for the opportunities for PET bottles in water
bottles segments. Apart from major beverage manufacturers, various
local regional industries are engaging in bottled water segment.
These factors are supposed to propel the demand for PET bottles
during the next decade.
APAC is expected to dominate the
global PET bottles market throughout the forecast period owing to the
rising consumption of carbonated and other drinks in the region. In
the APAC region, countries such as, India and China, are witnessing a
rapid rise in industries such as, cosmetics & personal care,
beverages, food and others. These industries are premiere consumers
of PET bottles across the globe. This factor is supposed to create
immense opportunities for the growth of the global PET bottles market
in the region.
