PET BOTTLES MARKET ANALYSIS

Pet Bottles Market, By Capacity Type (High , Medium, and Low), By Colour Type (Transparent and Coloured), By Application (Beverages (Carbonated Soft Drinks, Packaged Water, Fruit Juice, and Others), Personal Care Products, Household Care Products , and Others), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

Published In : Apr 2024
Code : CMI2284
Pages :120
Formats :
Excel and PDF
Industry : Packaging

Challenges: Rising prices of raw materials

Prices of chemicals like purified terephthalic acid and polyethylene terephthalate have risen sharply over the past year reducing profit margins for PET manufacturers. Addionally, stringent environmental regulations in various countries pose another challenge as producers aim to make PET bottles from recycled content to promote sustainability. High energy costs for bottle production processes is an added pressure. Disposal and recycling of used PET bottles also remains a major issue if not handled properly.

Opportunities: Developing economies with rising incomes and evolving consumer lifestyles

There are considerable opportunities for market expansion as well. Developing economies with rising incomes and evolving consumer lifestyles are expected to boost the PET bottle demand. Innovation in lightweight yet durable PET bottle designs can attract new customers. Producing bottles from fully recycled PET content presents a good opportunity to address environmental concerns