Global PET Bottle Market Research Report 2019-2023
Wiseguyreports.Com Adds “PET Bottle – Market Demand, Growth, Opportunities, Manufacturers and Analysis of Top Key Players to 2025” To Its Research Database.
Overview:
PET also is known as polyethylene terephthalate is a type of polyester. PET is used to make bottles by molding or extruding it. The material is strong yet light making it suitable to be used as containers to carry packaged foods, beverages, personal care products, and many others. Polymerization required for PET manufacturing is a complicated process as it produces impurities which must be eliminated during the process. Once the polymerization is complete and plastic is produced the bottle production can be started.
The main advantage of using PET bottles over normal plastic bottles is that it is strong and light. The PET bottle can be reused for different purposes as well. It is commonly used as drinking water carrier. The global market for PET bottles has increased due to largescale adoption by the beverage industry. Soda water and health drinks are widely being distributed in PET bottles. During the manufacturing process, it is ensured that the PET bottles do not react with Carbon Dioxide, which is the base for soda-based drinks production.
The global market for PET bottles is growing. However, the growth is hindered by the rising concern about its impact on nature. Initiatives for recycling the PET bottles are ramping up. Also, setups have been made where the PET bottles can be collected and destroyed for reusing it in different industries, which can reduce the environmental effect. Increasing awareness programs are also driving the PET bottle recycling processes.
Segments:
The global PET bottle market is set for a leap forward as its utilization scope has been expanded. It demands a detailed study to understand the strength and opportunities of the growing market. The PET bottle market can be segmented based on its product and end-user category. Packaged Water carbonated soft drinks, food bottles & jars, non-food bottles & jars, fruit juice, and many other markets are covered under the product segment. Telecom, Government and corporate organizations are covered under the end user segment. These separate segments enable a thorough and insightful analysis to understand the scope of development in the PET bottle market.
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Regional Analysis:
The global PET bottle market is growing due to its rising demand from the food & beverage industry. The global demand for the PET bottle market can be regionalized into five major segments; North America, South America, Europe, Middle East & Africa (MEA) and Asia Pacific (APAC). North American and European market is growing due to the increased demand from the food & beverages industry. Rising health awareness has also boosted the health drinks market, in turn adding positivity to the PET bottle market. APAC countries are flourishing due to its growing population and increasing market penetration by various beverage companies.
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Industry News:
Beverages major Parle Agro has declared that they will invest Rs 50 Crores for the next three years to provide an end to end solution for PET bottle recycling. They will collect the bottles, recycle them and channelize them to textile and other industry segments.
Key Players
The report covers a comprehensive study of the competitive scenario of the PET Bottle Market Status and the current trends that are predicted to disrupt the market. It identifies dynamic players of the market, including both the major and emerging players. The report contains the companies in the market share review to offer a more extensive overview of the key market players. Moreover, the report also comprises noteworthy strategic developments of the market such as new product launch, partnerships, agreements, research & development collaborations & joint ventures, acquisitions & mergers, and growth of most important market players on a global and regional basis.
Lancome
Dior
Shiseido
L’Oreal
Procter & Gamble
Maybelline
NYX
E.L.F
Revlon
Urban Decay
Too Faced
Nars
Vincent Longo
M.A.C
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