PET Bottles Market to Reflect Impressive Growth Rate by 2028

The PET bottle is a popular type of plastic bottle for packaging water, sodas, and juices. It is also often used to package peanut butter, cooking oil, salad dressing, and other food products. Other uses for PET containers include toothpaste, shampoo, liquid hand soap, and mouthwash. These products can also be easily carried around. PET containers are also becoming popular in the carry-home food industry. A rise in the demand for polyethylene terephthalate (PET) plastic bottles for the packaging of bottled water, juices, soft drinks, medicines, salad dressing, oil, household cleaners, and personal care products is a major factor driving the growth of the global PET bottles market. This is attributed to the advantages of PET materials, including high transparency, shiny surface, good stability, high-pressure resistance, good barrier properties, and lightweight.

SABIC, Berry Global Inc., Amcor Plc., Indorama Ventures, among others

Growing demand for PET bottle for packaging of bottled water, soft water, salad dressing, and personal care products is driving growth of the PET bottle market. PET material offers high transparency, excellent stability, good barrier properties, high-pressure resistance, and are lightweight.

Expanding e-commerce industry is creating demand for packaging materials which in turn augmenting market growth of PET bottles. According to the United Nation, global e-commerce sales jumped to $26.7 trillion globally in 2019, up 4% from 2018.

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