Packaging is becoming a vital constituent of modern life due to the ease of transportation, storage and inclination of the consumer towards safe and secure packaging. The demand for intelligent packaging solutions like PET Containers is rapidly increasing in order to protect and transport products.
PET containers are one of the economical packaging solutions for packaging of carbonated soft drinks, bottled water, edible oil, and other personal care & household products among its counterparts.
Future Market Insights recent study suggests that the growth of the global PET Containers market is driven by the several benefits offered by them, which includes features such as light weight, recyclable, sustainable etc. FMI further indicated that Consumer preference is towards cost-effective packaging solutions along with convenient and environmentally friendly products.
Research shows great potential of PET Containers that provide all the features for packaging for various commodities. In addition to this, it also highlights the features such as-
To reach potential outcomes, organizations are investing in intelligent and innovative packaging solutions. For instance, in May 2022, Packaging solutions provider Alpla Group in partnership with Austrian mineral water bottler Vöslauer has developed a new returnable PET bottle that reduces carbon emissions by about 30%.
The bottle, made of fully-recyclable PET mono-material, weighs 55 grams and is about 90% lighter than the returnable glass alternative. Alpla Group said the one-litre bottles are now available in retail outlets.
The bottles, which bear the Austrian Ecolabel, are anticipated to remain in use for three to four years, going through a minimum of 12 usage cycles. The introduction of a new one-litre returnable PET bottle follows the launch of a recycled PET bottle by the two companies in 2018.
PET containers are one of the economical packaging solutions for packaging of carbonated soft drinks, bottled water, edible oil, and other personal care & household products among its counterparts.
Burgeoning consumption of the ready-to-consume products has propelled the demand for PET containers in the market. The key technologies used for the manufacturing of PET containers are stretch blow molding and injection blow molding.
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PET containers were first introduced in the market during the 1960s. Initially, PET containers were costly, and were single use containers only.
However, PET containers market gained traction due to subsequent knowledge regarding their features and benefits over their counterparts such as glass and metal containers. Costs swiftly dropped as the containers became widely used which led the PET containers market to grow at a fast pace, and now became the most preferred choice of packaging manufacturers.
PET containers are widely adopted for packaging of several products such as beverages, chemical & petrochemicals, pharmaceutical, household & personal care products etc.
Drivers:
The reason for high preference for PET containers is due to the several benefits offered by them, which includes features such as light weight, recyclable, sustainable etc. Consumer preference is towards cost-effective packaging solutions along with convenient and environmental friendly products.
Trends:
Massive shift in preference from glass containers to PET containers
Restraints:
Despite the positive outlook, there are some factors that might hamper the growth of PET containers market. Widespread environmental concerns over the use of plastic bottles has slightly impacted the demand for PET bottles in most of the countries.
Plastics take too much time to breakdown and do not biodegrade in landfills easily. Further, containers that contain hazardous materials might cause pollution if are not disposed of, properly.
Principal Consultant
The PET bottles are mostly used in beverage packaging due to several features such as no harm to the content, convenient, and content visibility.
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Geographically, the global market for PET containers is divided into seven key regions - North America, Latin America, Western Europe, Eastern Europe, Asia Pacific excluding Japan (APEJ), Middle East & Africa (MEA), and Japan.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments.
The report also maps the qualitative impact of various market factors on market segments and geographies.
The global market for PET containers is segmented on the basis of container type, technology type, and end-use.
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PET Containers Market
