Global PET Bottles Market Report and Forecast 2024-2032

Global PET Bottles Market Outlook

The global PET bottles market witnessed a CAGR of around 1.8% during the historical period of 2018-2023.

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Packaged Water Segment Expected to Propel the Market Share of PET Bottles During the Forecast Period

Based on end use, the packaged water segment is anticipated to hold significant market share for PET bottles across the globe over the forecast period on account of the high demand for clean drinking water coupled with surging awareness regarding the ill-effects of water-borne diseases. The surging strict regulations for clean drinking water and growing transportation infrastructure along with emerging economies are further propelling the growth of packaged water segment in the market of PET bottles. The growing competition among various brands like Aquafina and Kinley, among others, who are aiming to increase their consumer base by implementing attractive packaging and effective marketing strategies are expected to boost the market growth of PET bottles. Geographically, the Asia Pacific region is anticipated to witness substantial growth in the market for PET bottles during the forecast period due to the surging demand for packaged beverages. Moreover, the surging industries like personal care and food and beverages in countries like India, Japan, and India are further expected to bolster the demand for PET bottles in the region.

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Market Segmentation

Market breakup by region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

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Surging Demand for PET Bottles in the Food and Beverages Sector to Augment the Market Growth of PET Bottles

The global market growth of PET bottles across the globe is being driven by surging demand from the food and beverages sector due to the easy handling of PET bottles for salad dressing, water, juices, household cleaners, soft drinks, oil, personal care products, and medicines. The surging preference for PET bottles in the packaging of carbonated soft drinks is further boosting the market demand for PET Bottles across the world. Factors like high transparency, good stability, high-pressure resistance, shiny surface, good barrier properties, and lightweight of the product are expected to bolster the market demand for PET bottles globally over the coming years.

The growing modernisation, increasing disposable income among consumers, and changing food patterns, and innovative packaging are propelling the demand for bottled beverages in various developing and developed countries, which are further likely to fuel the market growth of PET bottles during the forecast period. Moreover, PET bottles get moulded into various shapes to enhance their utility and appearance as they are highly flexible, which is further influencing the demand for PET bottles among consumers. The surging technological advancements like plasma-based coating, which offers high-temperature resistance, is aiding the market growth of PET bottles across the world.

Key Players in the Global PET Bottles Market

The report presents a detailed analysis of the following key players in the global PET bottles market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

• Amcor plc
• Berry Global Inc.
• Container Corporation of Canada
• Alpla Werke Alwin Lehner GmbH & Co KG
• Graham Packaging Company
• Others

The comprehensive report looks into the macro and micro aspects of the market. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.