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PET Bottles Market to Partake Signi몭cant Development during 2031 Date: May 5, 2022 Author: tmrseo

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PET Bottles Market: Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2018-2027,” cost-e몭cient packaging solutions o몭ered by PET bottles for carbonated drinks, juices, packaged water, and others are expected to boost the global PET bottles market during the forecast period, 2018-2027. Globally, the revenue generated from sales of PET Bottles Market has been estimated to be around US$ 21,607.0 Mn in 2018 and is projected to expand at a CAGR of 4.1% by value, during the forecast period.

PET bottles are an e몭cient and durable packaging solution for most of the end-use industries. Also, PET bottles o몭er a cost-e몭ective solution for packaging. PET bottles are a highly-consumed product in the

packaging industry owing to the rising demand from food &

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beverages, personal care & cosmetics, pharmaceuticals, and other enduse 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 e몭orts 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-e몭ective 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. 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.

Get a PDF Sample @ https://www.transparencymarketresearch.com/sample/sample.php?

몭ag=S&rep_id=54216 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 signi몭cantly 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.

In terms of consumption, the packaged water segment is estimated to overtake the carbonated soft drinks market as the most consumed beverage. The customers in the developed countries have become more health conscious and are switching from sugary soft drinks to healthier natural drinks. The volume sales of bottled water have grown at more than 10% in the past few years in the U.S., Germany, and Italy. The carbonated drinks segment has been witnessing a steady decline in sales for more than ten consecutive years, and beverage companies like PepsiCo and Dr Pepper Snapple, etc. are looking for opportunities in these growing segments of PET bottles end use. These factors drive the global demand for PET bottles market during the forecast period.

In 2014, Coca-Cola boosted its share in the energy drink market by acquiring 16.7% stake in Monster Beverage, a manufacturer of energy drinks and juices.

The factor which might hamper the growth of PET bottles market during the forecast period is concerns over the use of plastics bottles in most regions of the world. For instance, in October 2014, India introduced a ban on the use of PET bottles for the packaging of liquid oral drug formulations in the country. The ban covers the usage of PET bottles and

containers for geriatric use, paediatric use, and by pregnant women and women in the reproductive age group. Similar regulations were imposed by various governments across the globe over the use of PET bottles.

These factors are supposed to hamper the growth of the global PET bottles market during the forecast period.

Get a PDF Brochure @ https://www.transparencymarketresearch.com/sample/sample.php? 몭ag=B&rep_id=54216 Manufacturers Operating in the PET Bottles Market Key players which have been pro몭led in the report on PET bottles market include RETAL Industries Ltd., Plastipak Holdings, Inc., Resilux NV, ALPLA Werke Alwin Lehner GmbH & Co KG, Esterform Packaging Limited, Koksan Pet Plastik, Taiwan Hon Chuan Enterprise Co., Ltd., PDG Plastiques S.A.S, Zhongfu Enterprise Co Ltd., Alpha Packaging, Eskapet Pet Ürünleri Kimya San. ve Tic. Ltd., Manjushree Technopack Limited Co., Mpact Limited, Indorama Ventures Public Co., Ltd., Canyon Plastics Inc., and other PET bottles manufacturers.

Thriving Food and Beverages Sector Fuels Growth Opportunities in PET Bottles Market PET or polyethylene terephthalate refers to a type of polyester (similar to the clothing fabric). It is molded or extruded into plastic containers and bottles that are extensively utilized in the packaging of personal care products, foods and beverages, and numerous other consumer products. On the back of this wide range of applications, the global PET bottles market is slated to gain prodigious sales opportunities in the years to come.

PET bottles are gaining immense popularity owing to their ability to work as a pro몭cient and sturdy packaging solution for majority of end-use

as a pro몭cient and sturdy packaging solution for majority of end-use industries. Apart from this, PET bottles are high in demand owing to their cost-e몭ective nature. Thus, the global PET bottles market is likely to gather lucrative avenues on the back of rising demand opportunities from personal care and cosmetics, pharmaceuticals, food and beverages, and other end-use sectors.

Enquire before Buying @ https://www.transparencymarketresearch.com/sample/sample.php? 몭ag=EB&rep_id=54216 The companies engaged in the global PET bottles market are growing e몭orts to o몭er their products in various sizes and volumes starting from 100 ml, 200 ml to 2000 ml and above. Apart from this, PET bottle manufacturers are growing initiatives to o몭er customized products according to the need of end-use industries. Owing to all these e몭orts, the global PET bottles market is projected to show upward curve of revenues in the years ahead.

In recent few months, the vendors working in the global PET bottles market are experiencing remarkable drop in their sales. One of the key factors for this sudden drop is the onset of recent COVID-19 pandemic.

The lockdowns announced by many regional government bodies to contain the spread of coronavirus has resulted into halted production and distribution activities in the global market for PET bottles. To sustain in this scenario, the key authorities in various major companies in the PET bottles market are strategizing strong protocols.

TMR Latest News Publication: Sandwich Packaging Market – Sandwich packaging is also an innovative preformed packaging type. Easy to carry, improved safety of the food, and increased shelf life are some advantages of preformed packaging such as sandwich packaging. The packaging types like

packaging such as sandwich packaging. The packaging types like sandwich packaging are mostly used for the fresh food items.

About Us Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information. Our business o몭erings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Each TMR syndicated research report covers a di몭erent sector – such as pharmaceuticals, chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide indepth analysis and deep segmentation to possible micro levels. With wider scope and strati몭ed research methodology, TMR’s syndicated reports thrive to provide clients to serve their overall research requirement.

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