PET bottles
are an efficient and durable packaging solution for most of the end-use
industries. Also, PET bottles offer a cost-effective solution for
packaging. PET bottles are a 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 are available in various volumes from 100 ml and 200 ml to 2000
ml & above. PET bottles can be custom-made as per requirement as
well.
The PET bottles market, on the basis of
capacity, has been segmented into – up to 500 ml, 500 to 1000 ml, 1000
ml to 2000 ml, and more than 2000 ml categories. Among them, 500 ml to
1000 ml capacity PET bottles are estimated to account for nearly 53% of
the global PET bottles market during 2018 and are supposed to maintain
their dominance throughout the forecast period. It is attributed to the
light weight of PET bottles.
Manufacturers are continuously
introducing improvements to reduce weight of PET bottles since the last
few years. Their efforts are gaining traction with some manufacturers
developing PET bottles that weigh less than 10 grams. This trend towards
lightweight PET bottles is a result of cost-effective products and
provides manufacturers a competitive edge over other players. 500 ml to
1000 ml PET bottles are highly used as a commercial packaging solution
for carbonated drinks, energy drinks, edible oils, juices, and water
bottles.
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The bottled water segment is gaining
ground with a high demand across the globe due to the decline in the
sales of carbonated drinks over the last decade. Hence, the prominent
players are looking for opportunities in the bottled water segment to
drive growth in the PET bottles market. The up to 500 ml segment of PET
bottles is expected to be the second largest capacity segment in the
global PET bottles market during the forecast period. Most of the energy
drinks and juices are packed in these PET bottles owing to the growing
trend of on-the-go consumption. This segment of the PET bottles market
is highly sought after as a packaging solution by the cosmetics &
personal care industry.
PET Bottles Market is Expected to Witness Lucrative Growth
PET bottles are an economical packaging
solution for carbonated soft drinks, bottled water, edible oil, and
other personal care & household products. The demand for PET bottles
has grown significantly in the last 5-10 years due to the high growth
in the consumption of convenient food & beverages in the developed
as well as developing countries. Also, about 98% of PET bottles can be
recycled, which makes them an environment-friendly choice for packaging
of various products.
