PET Bottles Market – Outlook and Global Forecast, 2018-2026

PET Bottles Market- Global Industry Insight,
Trends, Outlook, and Opportunity Analysis 20182026
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REPORT DESCRIPTION
PET Bottles Market Overview
Bottles made from polyethylene terephthalate (PET) plastic material are gaining traction globally, owing to
various advantages offered by PET bottles such as lightweight, flexibility, and unbreakable.
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.
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REPORT DESCRIPTION
Detailed Segmentation:
Global PET Bottles Market, By Product Type:
●
Beverages
●
Carbonated Soft Drinks
●
Packaged Water
●
Fruit Juice
●
Others
●
Personal Care Products
●
Household Care Products
●
Others (Medicines, Salads, Dressings, and others)
Global PET Bottles Market, By Geography:
●
North America
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REPORT DESCRIPTION
PET Bottles Market: Regional Insights
Asia Pacific region was the largest PET bottles market globally, due to significant demand from China, India, and
Japan. The region held a market share of 35% in 2017 in the global PET bottles market. Growing demand for PET
bottles from various growing industries such as food and beverages, personal care industry is driving growth of
the market in this region. According to the International Trade Administration, the sale of personal care products
was recorded to US$ 50 billion in 2015 and is estimated to grow by 7% to 10% annually, in China. Such factors
increases demand for PET bottles as it is widely used in the packaging of mouthwash, moisturizers, lotions, and
other personal care products.
PET bottle manufacturers are adopting different growth strategies such as development of new products to cater
to the growing demand of PET bottles and expand its businesses. For instance, in January 2018, Amcor Limited
launched lightweight PET bottle that are portable and shatterproof specifically for carrying wines. These bottles
consists of barrier coating technology that protects the wine from oxidizing in the PET bottles.
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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