PET plastic, a kind of polyethylene, is frequently used to create packaging items like bottles. PET bottles outperform polypropylene (PP), high-density polyethylene (HDPE), and polyvinyl chloride (PVC) bottles in terms of durability, transparency, weight, non-reactivity, cost-effectiveness, and thermal stability.
PET stands for polyethylene terephthalate, a thermoplastic polymer with a wide range of uses that is a member of the polyester family. PET bottles are frequently made using PET resins. For packaging salad dressings, home cleansers, medications, dish detergents, and mouthwashes, PET bottles are becoming more popular. Thus, a variety of uses for PET bottles contribute to the market's expansion.
One of the key factors influencing the growth of the worldwide PET bottles market is an increase in demand for PET plastic bottles for the packaging of bottled water, juices, soft drinks, medications, salad dressing, oil, household cleansers, and personal care goods. The benefits of PET materials, such as their high transparency, shiny surface, good stability, high-pressure resistance, good barrier qualities, and lightweight, are credited with this.
Technological innovations and the development of new products are contributing to the growth of the market. Key players operating in the global market are developing new products to cater to the growing demand for PET bottles. For instance, in July 2020, Nestle waters North America (NWNA) (Is an American beverage company) had announced to launch three domestic still water brands Ozarka, Deer Park, and Zephyrhills in the U.S. in recycled plastic (PET) packaging as part of its sustainable efforts that are 100% recyclable.
Major players operating in the market include Berry Plastics Group Inc., GTX Hanex Plastic Sp. Z O.O., Gerresheimer AG, Graham Packaging Company, RPC Group, Rexam PLC, Silgan Holdings, WestRock, Exo Packaging, Alpha Group, and Crown Holdings
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