The global PET bottles market was pegged at 505.0 billion units in 2017, and is anticipated to register a CAGR of 3.87% in terms of volume, during the forecast period (2018 – 2025) to reach 697.72 billion units by 2025.
The PET Bottles Market report published by CMI exhibits essential guidelines of the industry followed by marketing tactics to get elevated from the present situation and contend with floating market values and dynamics. It includes market share, competitive analysis, value analysis, strong and adverse impacts of market, top companies survey, key financials, growth methods, of market key players is managed to support effective analysis process of the market. The market’s CAGR prediction is expressed as a percentage over a certain time period. The study also includes the methods used by prominent players to outperform competitors.
PET bottles market includes Amcor Limited, Berry Plastics Group Inc., GTX Hanex Plastic Sp. Z O.O., Gerresheimer AG, Graham Packaging Company, RPC Group, Rexam PLC, Silgan Holdings, WestRock, Crown Holdings, Exo Packaging, and Alpha Group among others.
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Regulations imposed on using PET bottles for alcohol is one of the major factors hindering growth of PET bottles market. For instance, production and sale of alcoholic drinks in PET bottles was banned in January 2017, in Russia under the law on amendments to parts 1 and 2 of Tax Code and specific legislative acts of Russian Federation. Furthermore, growing concerns due to environment pollution caused by plastics such as PET is another restraint hindering growth of this market. However, increasing recycling of PET bottles is reducing the impact of this restraint. According to British Plastics Federation, in household waste stream 60% of the PET bottles were collected for recycling in 2014, which was just 3% in 2001 in U.K.
The report likewise incorporates a broad appraisal of the key improvements took on by the main market members in the business over years. The PET Bottles Market market report addresses an extensive perspective on the key drivers, provincial appraisal, Coronavirus sway, item interest, worldwide components, and furthermore a profound investigation of business improvement system.
Key Insights Aspects of Report:
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A wide overview of the global market
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The present and forecasted regional market size data based on applications, types, and regions
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Market trends, drivers, and challenges for the global market.
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Analysis of company profiles of top major players functioning in the market.
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Total sales volume statistics and total sales on the market.
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Breakdowns in industry patterns.
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Direct and indirect sales methods for pros and cons.
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Comprehensive information on major retailers, dealers, and traders
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Factors such as rising applications of PET bottles by the beverage industry in packaged water, juices, flavored water, functional water, carbonated drinks, and others are boosting growth of the global PET bottles market. According to Coherent Market Insights, global flavored and functional water market is estimated to reach US$ 70.32 billion by 2025, from US$ 29.01 billion in 2017, which in turn will increase demand for PET bottles in the global market.
Significant initiatives by food & beverages and packaging manufacturers to develop bio-based PET is a major factor driving growth of the PET bottles market. For instance, in April 2017, Danone and Nestlé Waters, collaborated with Origin Materials to form NaturALL Bottle Alliancea. This collaboration aims to develop and launch PET bottle from sustainable and renewable bio-based material.
Key Questions Answered by PET Bottles Market Report
1. What was the PET Bottles Market size in 2020 and 2021; what are the estimated growth trends and market forecast (2021-2027).
2. What will be the CAGR of the PET Bottles Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2021? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the PET Bottles Market were the market leader in 2027?
5. Overview of the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
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