GCC PET Bottle Market: Market Size, Share, Trends, Industry Analysis, Application Analysis, Growth and Forecast, 2022-2027” provides a deep and thorough evaluation of the GCC PET bottle market based on its segments including type, end-use, and region. The report tracks the latest industry trends and analyses their overall impact on the market. It also evaluates the market dynamics, which cover the key demand and price indicators, and studies the market on the basis of the SWOT and Porter’s Five Forces models.
Historical Year: 2016-2021
Base Year: 2021
Forecast Year: 2022-2027
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PET (polyethylene terephthalate) bottles refer to containers that are manufactured from thermoplastic polymer resin. They are affordable, environment-friendly, and light in weight, unlike their counterparts, such as aluminum cans and PVC bottles. They are also characterized by enhanced durability, strength, and non-reactivity. PET bottles remain thermally stable under varying temperatures and can be recycled multiple times, thereby reducing their overall manufacturing costs. As a result, they are extensively utilized as a preferred packaging solution for several beverages, drinking water, and a vast array of fast-moving consumer goods (FMGC) products, including shampoos, liquid detergents, mouthwash, and cooking oils.
Note: Our analysts are continuously monitoring the influence of the COVID-19 pandemic on the market. This insightful information is included in the report to improve the efficiency, resilience and overall performance of businesses.
GCC PET Bottle Market Industry Trends and Drivers:
The widespread adoption of PET bottles across various sectors, including pharmaceutical, personal care, food and beverages, etc., on account of their shatterproof, non-reactive, and lightweight properties, is one of the primary factors propelling the GCC PET bottle market. In addition to this, the increasing popularity of PET bottles with customized shapes, colors, and innovative designs, is augmenting the market growth. Furthermore, the launch of several initiatives by GCC government bodies regarding recycling plastic waste is positively influencing the PET bottles market. Moreover, continuous advancements in the product, such as plasma-based coating by manufacturers that make polyethylene terephthalate bottles more impervious, are projected to contribute to the growth of the GCC PET bottle market over the forecasted period.
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GCC PET Bottle Market Segmentation:
The market is segmented on the basis of type, end-use, and region.
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
The report also provides insights on the competitive landscape of the PET bottle market with the leading players profiled in the report.
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