PET Bottle Market: Current Analysis and Forecast (2022-2028)
Emphasis on Technology (Injection Blow Molding, Extrusion Blow Molding, and Others); Color (Transparent and Colored); Application (Bottled Water, Carbonated Drink, Dilutable, Fruit Juice, Sports & Energy Drinks, Still & Juice Drinks, and Others); Region and Country
The global PET bottle market is likely to showcase a growth of around 5% during the forecast period. The global beverage industry is comprised of many drinks including carbonated soft drinks, dilutable, juice, sports & energy drinks, still drinks, bottled water, and alcoholic beverages to name a few. To offer these drinks to the final consumer a range of packaging products are used such as PET bottles, metal can, board carton, board bag in box, glass bottle, and polycarbonate bubble top. PET bottles are the most consumed packaging mainly in non-alcoholic beverages due to their various properties that support the beverage’s self-life such as being strong, resistant to attack by micro-organisms, does not react with foods or beverages, and will not biologically degrade. Moreover, companies prefer using PET bottles over other substitutes like glass due to their low cost, which also helps in improving operational efficiency.
Insights Presented in the Report
“Amongst technology, injection blow molding held a prominent share in the market in 2020”
Based on the technology, the market is categorized into injection blow molding, extrusion blow molding, and others. Among these, injection blow molding held a significant share of the market. The technology produces bottles of superior visual and dimensional quality compared to extrusion blow molding as a result it is used for the production of PET bottles in bulk quantity.
“Amongst application, bottled water accounted for a dominant share in 2020”
Based on application, the market is categorized into bottled water, carbonated drink, dilutable, fruit juice, sports & energy drinks, still & juice drinks, and others. Of all, bottled water accounted for a lion share in the market owing to the high consumption of water on a daily basis. Further, in many countries, bottled water is the only source of drinking water, thus PET bottle demand in the bottled water segment is growing.
“Asia-Pacific is likely to showcase significant growth during the forecast period”
For a better understanding of the market adoption of PET Bottle, the market is analyzed based on its worldwide presence in the countries such as North America (the United States, Canada, Rest of North America), Europe (Germany, the United Kingdom, France, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, and Rest of Asia-Pacific), and Rest of World. The Asia-Pacific region accounted for a prominent share of the market owing to the large food & beverage industry of the region. Further, the large and growing population of the region coupled with increasing disposable income are increasing the demand for packaged products which in turn increases the demand for packaged water, carbonated drinks, juices, and other beverages products. Thus, boosting the market for PET bottles.
Reasons to buy this report:
- The study includes market sizing and forecasting analysis validated by authenticated key industry experts
- The report presents a quick review of overall industry performance at one glance
- The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments
- Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry
- The study comprehensively covers the market across different segments
- Deep dive country-level analysis of the industry
Customization Options:
The global PET bottle market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.
Table of Contents
Research Methodology for Global PET Bottle Market Analysis (2020-2028)
Analyzing the historical market, estimating the current market, and forecasting the future market of PET bottles, three major steps are undertaken to create and analyze its adoption across the globe. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the PET bottle industry. Post assumption and validation of market numbers through primary interviews, we employed a bottom-up approach to forecast the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detail secondary study was conducted to obtain the historical market size of PET bottle through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the PET Bottle market, we conducted a detailed secondary analysis to gather current market insights and share for different segments & sub-segments for major regions. The major segment is included in the report by technology, color, and application. Further regional and country-level analyses were conducted to evaluate the overall adoption of PET bottles globally.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of PET bottles. Further, we conducted factor analysis using dependent and independent variables such as the increasing consumption of packaged food and growing disposable income. A thorough analysis was conducted of demand and supply-side scenarios considering increasing investment, top partnerships, mergers and acquisitions, business expansion, and product launches in the PET bottle industry.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global PET Bottle market, and market shares of each segment. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the bottom-up approach were applied to arrive at the market forecast for 2028 for different segments and subsegments across the major regions globally. The research methodology adopted to estimate the market size encompasses:
- The industry’s market size, in terms of value (US$) and the adoption rate of PET bottles across the major markets
- All percentage shares, splits, and breakdowns of market segments and sub-segments
- Key players in the PET bottle market. Also, the growth strategies adopted by these players to compete in the fast-growing market.
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants by Stakeholders and Regions
Market Engineering
The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global PET Bottle market. Data was split into several segments & sub-segments post studying various parameters and trends in the area of technology, color, and application.
The main objective of the PET bottle market study
The current & future market trends of global PET bottles were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends would determine the overall attractiveness of the market at a country level, providing a platform for the industrial participant to exploit the untapped market to benefit as a first-mover advantage. Other quantitative goals of the studies include:
- Analyze the current and forecast market size of PET bottles in terms of value (US$). Also, analyze the current and forecast market size of different segments and sub-segments
- Segments in the study include the area of the technology, color, and application
- Defined analysis of the regulatory framework for the PET bottle industry
- Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry
- Analyze the current and forecast market size of PET bottles for the major countries
- Major regions/countries analyzed in the report include North America (the United States, Canada, Rest of North America), Europe (Germany, the United Kingdom, France, Italy, Spain, Rest of Europe), Asia-Pacific (China, Japan, India, Rest of Asia-Pacific), and Rest of World
- Company profiles of the PET bottle market players and the growth strategies adopted by them to sustain the growing market
- Deep dive country-level analysis of the industry
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