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PET Bottles Market - Size, Share, Outlook, and Opportunity Analysis, 2018-2026

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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.
PET Bottles Market - Size, Share, Outlook, and Opportunity Analysis,
2018-2026
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.
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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.
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.
Among application segment, beverage segment held the highest market share in 2017, in the
global PET bottles market. PET is a popular choice of packaging for beverages such as soft
drinks and bottled water, owing to its advantages including ease of molding into desired
shapes. According to the British Soft Drinks Association, PET was the most commonly used
packaging material for soft drinks in U.K. in 2015, and held a market share of 72% in U.K.
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.
Major players operating in the global 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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