In contrast to the 4% to 5% CAGR recorded between 2013 and 2020, the sales in the global (polyethylene terephthalate) PET syrup bottle market are predicted to estimate expansion at an excellent CAGR of 9% to 10% between 2022 and 2032. It is predicted that a growing emphasis on the development of recyclable and sustainable pharmaceutical packaging options for liquid medicines will aid in the market expansion for PET syrup bottles.
Liquid food and drink products, liquid beverages, and liquid medications are all stored in plastic syrup bottles. The Polyethylene Terephthalate plastic resins are used to create the PET syrup bottles (PET). Due to their inherent qualities including transparency, light weight, impact resistance, and flexibility, these bottles are increasingly being used as alternatives to existing rigid packaging solutions.
Plastic syrup bottles are used for storing liquid medicine, liquid food items, and beverages. The PET syrup bottles are made up of plastic resins called as Polyethylene Terephthalate (PET). The Pet bottles are preferred over other rigid packaging solutions because of its inherent properties like lightweight, transparent, and gives excellent finished packaging to the products.
Request a Report Sample @ https://www.futuremarketinsights.com/reports/sample/rep-gb-9763
These parameters have positive impact on the growth of PET syrup bottle market. The three-layered PET bottles help for gamma rays irradiation which might be beneficial for chemical and pharmaceuticals sectors. The market of PET syrup bottle is growing rapidly because PET bottles have good resistance against chemical reactions.
This property helps to maintain the shelf life of syrup. The market of PET syrup bottle is dynamic. The PET syrup bottles are translucent, leaves no residue and eco-friendly compared to other plastic resin bottles such as PP or HDPE or PVC.
There is a tremendous rivalry among manufacturers of PET syrup bottles due to less initial capital requirement for the production of PET bottles. With the use of high-end technology, manufacturers are adding more worth into PET syrup bottle.
The PET syrup bottles are tamper proof and lead to less wastage as these are leakage-proof bottles. The numerous benefits of PET bottles; it is expected that the global market of PET syrup bottle will increase rapidly during the forecast period.
PET Syrup Bottle Market: Dynamics
As plastic packages are easy to handle and lightweight, its preference over other packaging solutions is increasing consistently. The PET bottles are high pressure resistant, reusable and recyclable. The PET syrup bottles are virtually unbreakable.
This results in less damage failures during filling of syrup and leads to less processing time. The shelf life medicine and hygiene maintenance become critical factors for pharmaceutical and medical sector. These issues are rescued with the use of PET syrup bottles as it gives good barrier against moisture, gas and light rays.
All these factors are helping to drive the PET syrup bottle market at a global level. Besides this, PET syrup bottles production is very cost effective; hence the market of PET syrup bottle is increasing in multiples. The PET syrup market has increasing opportunities on the backdrop of an increase in the pharmaceutical market. It is expected that the market of PET syrup bottle will grow approximately 6% due to the increasing growth rate of the pharmaceutical sector.
Due to increasing awareness about environment safety, few plastic resins are hazardous and may affect health adversely. This might slow down the growth of Pet syrup Bottles though it is eco-friendly and easily degradable. The alternate packaging solutions like metal and glass might reduce the increase of PET syrup bottles, but as glass bottles tend to break easily and metal bottles are not user-friendly, preference of Pet syrup bottle might increase.
Syrup Bottle Market: Regional Outlook
The market for PET syrup bottles is increasing drastically at the global level during the forecast period. It is witnessed that the Asia Pacific regions consist of the largest PET syrup market and it is further growing continuously with the increasing growth rate.
On the other side, presently, the demand of Pet bottles and containers in the U.S. is increase with steady rates. However, through research, it is observed that the demand for PET syrup bottles will increase in The U.S. in the forecasted period.
The regulations and approval for PET resins from the Food and Drugs Administration (FDA) in various regions results in exponential growth in PET syrup bottle market. The European Food Safety Authority also approves the use of PET bottles for syrup packaging which further boosts this market.
With new regulations of France’s Energy Transition for Green Growth Act implemented from 2020 and technological advancement to reduce climatic hazards, PET syrup bottles market has huge opportunities to increase in France.
Get In Touch With Our Team For a 20% Flat Discount
PET Syrup Bottle Market: Key Players
- Amcor Limited
- Gerresheimer AG
- All American Containers
- Alpha Packaging
- PET Power (RPC Group)
- PontEurope
- Berry Plastics,
- Graham Packaging Company,
PET Syrup Bottle Market: Recent Development & Trends
- In 2018, acquisition of Bemis Company Inc. by Amcor Limited increasing dominance of Amcor industries in plastic packaging market.
- Acquisition of PET Power by RPC group is increasing potential of PET Power Company in plastic packaging industries.
The PET Syrup Bottle market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macroeconomic indicators, and governing factors, along with market attractiveness as per segment. The PET Syrup Bottle market report also maps the qualitative impact of various market factors on market segments and geographies.
Regional analysis includes
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- Japan
PET Syrup Bottle Market: Segmentation
By Shape :-
- Long Neck
- Round
- Square
By Capacity :-
- Less than equal to 50ml
- 50ml to 100ml
- 100ml to 250ml
- 250ml to 500ml
- 500ml above
By End Use :-
- Food & Beverages
- Pharmaceuticals
- Healthcare
- Chemicals
Ask An Analyst @ https://www.futuremarketinsights.com/ask-the-analyst/rep-gb-9763
About Future Market Insights, Inc.
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.
Contact:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Browse latest Market Reports: https://www.futuremarketinsights.com/reports
