The latest report by IMARC Group, titled “”, finds that The global market reached a value of US$ 39.7 Billion in 2021. Polyethylene Terephthalate (PET) is a durable thermoplastic polymer resin that is made from ethylene glycol and terephthalic acid. It is clear, strong, flexible, thermally stable and lightweight in nature. It is characterized by excellent gas barrier properties and chemical resistance. Primarily used in the packaging of drinking water, PET bottles are also gaining widespread prominence as an essential packaging solution across cosmetics, personal care, and pharmaceutical industries.
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The global market is primarily driven by significant growth in the food and beverage sector. Coupled with the shifting dietary preferences of the masses and their inflating disposable income levels, there has been a considerable rise in the demand for bottled beverages, which is providing a boost to the uptake of PET bottles across the globe. Additionally, rapid technological advancements on the global level have also created a positive outlook for the market. This has led to the introduction of PET bottles with customized shapes and plasma-based coatings, which are gaining widespread popularity among the masses. Looking forward, IMARC Group expects the market to reach US$ 52 Billion by 2027, exhibiting at a CAGR of 4.46% during 2022-2027.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
- Amcor Limited
- Cospack America Corporation
- BERICAP GmbH & Co. KG
- Rexam, Inc.
- Berry Global, Inc.
- Graham Packaging Company Inc.
- Container Corporation of Canada
- Ontario Plastic Container Producers Ltd.
- Constar Internationals, Inc.
- Alpha Packaging
- Alpack Plastics
- Plastipak Holdings, Inc.
- Resilux NV
Breakup by Capacity:
Breakup by Distribution Channel:
Breakup by Color:
Breakup by Technology:
- Stretch Blow Molding
- Injection Molding
- Extrusion Blow Molding
Breakup by End-Use:
- Packaged Water
- Carbonated Soft Drinks
- Food Bottles & Jars
- Non-Food Bottles & Jars
- Fruit Juice
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- The Impact of COVID-19 on the Global Market
- Value Chain Analysis
- Structure of the Global Market
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
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