April 15, 2020

PET Bottle Manufacturing Market Global Size, Future Scope, Analysis, Business Development and CAGR To 2023

PET Bottle Manufacturing Market Overview

The sturdy and durable nature of PET Bottle Manufacturing has increasingly led to its rapid adoption in a broad range of verticals. Reports that explore the packaging and transport industry have been presented by Market Research Future, which produces reports on industry verticals that appraise the market expansion and prospects. The market is poised to garner an incremental CAGR over the forecast period.

Competitive Analysis

  • CCL Industries, Inc. (Canada)
  • Resilux NV (Belgium)
  • Rexam PLC (U.K.)
  • Graham Packaging Company (U.S.)
  • GTX Hanex Plastic Sp. Z O.O. (Poland)
  • Huhtamäki Oyj (Finland)
  • Silgan Holdings (U.S.)
  • I. Du Pont De Nemours and Company (U.S.)
  • PET Power B.V. (The Netherlands)
  • Amcor Limited (Australia)
  • Berry Plastics Group Inc. (U.S.)
  • Dunmore Corporation (U.S.)
  • Smurfit Kappa Group PLC (Ireland)

Segmental Overview

The segmental analysis of the PET Bottle Manufacturing Market has been conducted on the basis of pack type, packaging type, end-use industry, form and region.

On the basis of pack type, the market has been segmented into bags & pouches, lids/caps & closures, bottles & jars, trays and others. The bottles & Jars segment accounts for significant market share. During the assessment period, the segment is likely to exhibit a strong growth rate. Bottles & Jars remain sought-after owing their characteristics such as lightweight, safe and pliable. Moreover, most of the bottles & Jars are recyclable.

On the basis of packaging type, the market has been segmented into flexible packaging and rigid packaging. The flexible packaging segment is expected to remain highly attractive during the forecast period. Demand for flexible packaging is relatively higher as compared to rigid packaging. Flexible packaging requires a smaller sum of packaging materials, minimum solid waste. In addition, flexible packaging requires less storage space and minimum shipping cost. The arrival of eco-friendly variants is also supporting the segment’s growth.

On the basis of end-use industry, the market has been segmented into household products, food & beverage, pharmaceuticals, personal care & cosmetics and others. The food & beverage segment is expected to retain it top position throughout the forecast period. The growth of the packaged food industry coupled with increased preference for ready-to-eat products continues to drive the segment’s growth.

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