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.
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 witnessed a CAGR of around 1.8% during the historical period of 2018-2023.
Key findings from the report:
- Major end-use industries of PET bottles are packaged water, carbonated soft drinks, food bottles and jars, non-food bottles and jars, fruit juice, beer and others. In 2018, packaged water represented the largest end-use market accounting for more than 35% of the total global consumption.
- Region-wise, Asia-Pacific dominated the market with a share of more than 30% of the total global sales of PET bottles. Asia-Pacific was followed by North America and Europe.
- Amcor represented the largest manufacturer of PET bottles. Other major manufacturers include Tetra Laval, Crown Holdings, Ball Corporation, Rexam PLC, ALPLA, etc.
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Expert Market Research has analysed the global PET bottles market according to end-use, major regions and top players:
Market breakup by End-use
- Packaged Water
- Carbonated Soft Drinks
- Food Bottles and Jars
- Non-Food Bottles and Jars
- Fruit Juice
- Beer
- Others
Market breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Top players
- Amcor
- Berry Global Inc.
- Container Corporation of Canada
- Graham Packaging Company
- Constar International Inc.
- Alpla Werke Alwin Lehner GmbH & Co KG
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