Published on : Jan 07, 2019
Albany, New York, January 7, 2019: PET bottles have witnessed a significant demand in the recent years owing to their affordability as an effective packaging solution for beverages such as juices, packaged water, and carbonated drinks. Leading brands are continuously taking innovation-based efforts for improving packaging designs for their food and beverages products. Moreover, most of the companies are now focusing on adoption of environment-friendly packaging solutions, developed by using materials that can be recycled and re-used.
The insights mentioned above are an extract of the report titled, “PET Bottles Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 – 2027,” that is included recently in the repository of the Market Research Hub (MRH). The PET bottles market will record an impressive CAGR of over 4% through 2027.
Lightweight PET bottles have become the new norm in the food & beverage and packaging industry alike. Several manufacturers are now focusing on developing lightweight PET bottles as it gives them a competitive edge over the other players operating in the market. Also, lightweighting improves the cost-effectiveness of packaging, thereby reducing environmental footprint. However, manufacturers need to find the right balance between lightweighting and maintaining the quality of packaging. This new demand for lightweight packaging will further open up growth avenues for the PET bottles market.
On the basis of end use, food & beverages are the main consumers of the PET bottles market in light of the feasibility of storing and transporting of products packed using PET bottles.
PET Bottles Market: Summary of the Report
This comprehensive report studies the PET bottles market at a regional and global level. Analysis has been provided on the PET bottles market for period between 2018 and 2027. Evaluation of the size of the PET bottles market has been done based on volume (Mn Units) and value (US$ Mn).
The report also provides detailed analysis of the important dynamics, which include restraints, drivers, opportunities, and challenges affecting growth of the PET bottles market. Micro- and macro-economic factors influencing prospects of the PET bottles market have also been studied in the report. The report provides a detailed analysis & forecast on the PET bottles market on the basis of segmentation.
Regional split of the PET bottles market includes North America, Latin America, Europe, Middle-East & Africa, and Asia-Pacific. Moreover, a country-level predictions have also been provided for the PET bottles market across all these regions. The report also includes an in-depth competitive landscape assessment of the PET bottles market, wherein key players upholding the market growth have been profiled. A SWOT analysis of all the market players mentioned has also been covered in key weighted sections of the report.
PET Bottles Market: Robust Research Methodology
The research methodology used for developing this report on the PET bottles market is an amalgamation of expert panel reviews, primary and secondary research. Information assembled through secondary research is validated with the aid of insights gained through exhaustive primary interviews conducted with industry experts and opinion leaders.
Primary interviews take place on a continuous basis, for gathering latest industry insights and for validating the available data and study of the target research area. This market research report will help clients in gaining authentic and credible information to propel their business in the PET bottles market.
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