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Press Release
As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
PET bottles are made from polyethylene terephthalate, a plastic resin which is a form of polyester formed by combining two monomers, namely, modified ethylene glycol and purified terephthalic acid. One of the intrinsic properties of PET bottles is that unlike other plastic containers, they are light in weight but high in strength. They are economical, impact resistant, transparent, easy to handle, convenient for on-the-go consumption needs, and can be easily recycled without leaving any harmful residues
Besides these characteristics, PET bottles are highly impermeable to atmospheric gases like CO2, oxygen and water which make them suitable for storing the products. As a result, they are now replacing plastic bottles made up of PVC, HDPE and PP and have, thus, become a preferred type of packaging for carbonated soft drinks, mineral water, spring water, functional drinks food, cosmetics, household cleaners, medicines, etc. According to a new report by Expert Market Research, the global PET bottles market reached a volume of 18.32 Million Tons in 2020 and is further expected to reach 20.39 Million Tons by 2026.
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Key findings from the report:
Expert Market Research has analysed the global PET bottles market according to end-use, major regions and top players:
Market breakup by End-use
Market breakup by Region
Top players
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