The Global PET Bottles Market Growing Demand For Packaged And Convenient Foods Fuels Growth

 


PET Bottles Market 

PET bottles are lightweight and economically viable flexible packaging solution used for packaging of various food products and beverages. Increasing popularity of PET bottles for packaging of milk, juices, carbonated drinks, and other packaged foods and beverages is fueling growth of the PET bottles market.

The global PET Bottles Market is estimated to be valued at US$ 2.91 Bn in 2024 and is expected to exhibit a CAGR of 8.2% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.

Market key trends:
The growing demand for packaged and conveniently packed foods and beverages is driving increased adoption of PET bottles across various industries such as food and beverages, personal care, and pharmaceuticals. PET bottles provide advantages such as lightweight nature, flexibility, thermal stability, clarity, crack resistance, shatter resistance, and affordable cost. Growing health awareness has accelerated demand for bottled water and other healthy drinks packed in PET bottles. Emerging trends of on-the-go consumption and rising disposable income levels are further promoting use of PET bottles for packaging various food products and beverages.


Segment Analysis
The Global PET Bottles Market Demand is segmented by type into clear bottles and colored bottles. The clear PET bottles segment dominated the market with a share of around 65% in 2024. Clear PET bottles are preferred for packaging of carbonated soft drinks and bottled water. These bottles offer maximum visibility to consumers to see the content inside without any barrier. Hence, they are widely used for transparent beverages.

Key Takeaways
The global PET bottles market is expected to witness high growth over the forecast period of 2024 to 2031. The global PET Bottles Market is estimated to be valued at US$ 2.91 Bn in 2024 and is expected to exhibit a CAGR of 8.2% over the forecast period 2024 to 2031.

Regional analysis related content comprises
Asia Pacific currently holds around 40% share of the global PET bottles market led by China, India and other developing economies. Rapid urbanization, rising health awareness and busy lifestyles have boosted the demand for packaged and convenience food and beverages in the region. This in turn is driving the growth of PET bottles market in Asia Pacific. The region is expected to witness a CAGR of over 9% during the forecast period benefiting from growing population, changing consumer preferences and improving economic conditions.

Key players related content comprises
Key players operating in the PET bottles market are Reckitt Benckiser Group PLC, Church & Dwight Co. Inc., Okamoto Industries Inc., Karex Berhad, and Humanwell Group. Reckitt Benckiser Group PLC is one of the leading players with a diverse product portfolio in the market. It offers premium quality PET bottles for personal lubricants and other sexual wellness products. Meanwhile, Church & Dwight Co. Inc. specializes in condoms and lubricant segment and has a strong distribution network across various geographies.

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