GCC PET Bottle Market: Market Size, Share, Trends, Industry Analysis, Application Analysis, Growth and Forecast, 2021-2026” 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: 2015-2020
Base Year: 2020
Forecast Year: 2021-2025
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PET or polyethylene terephthalate refers to the form of thermoplastic polymer resin, which is used especially for the production of plastic bottles. It involves the process of melting pellets of the PET resin and extruding the molten liquid into desired shapes. In addition, PET exhibits high dimensional stability and resistance to solvents, moisture, and alcohols. PET bottles are more transparent, durable, lightweight, non-reactive, cost-effective, and thermally stable than PP, HDPE, and PVC bottles. Consequently, they are gaining prominence as a packaging solution for medicines, mouthwashes, salad dressings, etc., across the GCC region.
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 rising popularity of ready-to-drink beverages and flavored water on account of increasing hectic lifestyles of the consumers is one of the key factors driving the GCC PET bottle market. Apart from this, the escalating product demand with customized shapes, colors, and designs, is further catalyzing the market growth in the region. Moreover, the launch of various initiatives by GCC government bodies towards recycling plastic waste is also acting as another significant growth-inducing factor. Besides this, the elevating adoption of PET bottles across several industries, such as pharmaceutical, personal care, food and beverages, etc., owing to its shatterproof, non-reactive, and lightweight properties, is also augmenting the regional market. Furthermore, the introduction of effective innovations, including plasma-based coating by manufacturers that makes PET bottles more impervious, is anticipated to fuel the GCC PET bottle market over the forecasted period.
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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