What is PET Bottles Market?
ET is among those plastics which is an important commercial polymer having applications ranging from packaging, fabrics, films, molded parts for automotive, electronics and many more. It is cost-effective to produce and require less energy to transport. It can be recycled so that the PET can be used over and over again. This plastic bottle can be moulded into different shapes, enabling brands to use them to build identity and promote drinks.
The market study is being classified by Type (<50ml, 50-100ml, 101-250ml, 251-500ml, 501-1000ml and Others), by Application (Beverage Industry, Food Industry, Pharmaceutical Packaging and Others) and major geographies with country level break-up.
Berry M&H (United Kingdom), Rock Bottom Bottles, LLC (United States), Sarvottam Polymers Private Limited (India), Gerresheimer AG (Germany), Senpet Polymers LLP (India), Parker Plastics, Inc. (United States), Alpha Packaging Inc. (United States), Plastipak Holdings, Inc. (United States), Amcor plc (Australia) and Mpact Limited (South Africa) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Weener Empire Plastics Pvt. Ltd. (India) and KING YANG BOTTLE INDUSTRY CO., LTD. (Taiwan).
The companies are exploring the market by adopting expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain competitive advantage through combined collaborations. Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global PET Bottles market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global PET Bottles market by Type, Application and Region.
On the basis of geography, the market of PET Bottles has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Increasing Applications of PET Bottles in Various Industries
- High Benefits of the PET Bottles such as Lightweight, Recyclable, Flexible and others
Market Trend
- Robust Increase in the Distribution Channels
- Rising Demand for Eco-friendly Products
Restraints
- Growing Concern Due to Environmental Pollution
- Fluctuations in the Raw Material Prices
Opportunities
- Increasing Demand for Recycling Material for Packaging
- Growth in the Beverage Industry Worldwide
Challenges
- Stringent Government Rules and Regulations about Environmental Pollutions in Some Regions
- Availability of Alternative Material
Market Leaders and some development strategies
In June 2019, Amcor has announced the successful completion of its acquisition of Bemis Company Inc., effective 11 June 2019. The combined company will now operate as Amcor Plc (Amcor), trading on the New York Stock Exchange under the ticker symbol “AMCR” and the Australian Securities Exchange under the ticker symbol “AMC.”
In December 2019, Gerresheimer increases production capacity for plastic containers and opens a new plant in India.
Key Target Audience
PET Bottles Manufacturers, Raw Material Supliers, Distributors, Emerging Companies and End-users