According to a new report by Expert Market Research titled, “GCC PET Bottle Market Share, Size, Report and Forecast 2024-2032″, the GCC PET bottle market is aided by the growing global PET bottle market, which reached a volume of 13.01 million tons in 2023. Aided by the rising consumption of packaged food and beverages and rapid westernisation, the market is expected to significantly grow by 2032.
PET, or Polyethylene Terephthalate, is a durable and recyclable plastic. It is predominantly used in the manufacturing of bottles for the beverage industry, given its transparent nature, lightweight properties, and resistance to carbon dioxide and other external factors. Beyond beverages, PET bottles are commonly used for packaging in the personal care, pharmaceuticals, and household products segments. These bottles offer a combination of strength, thermo-stability, and barrier resistance, which makes them a staple in packaging.
The escalating GCC PET bottle market demand can be attributed to various factors. The trend of sustainable packaging is on the rise. Amid global outcry over environmental concerns, the recyclable nature of PET bottles bolsters the market appeal. This has driven the market towards adopting more eco-friendly manufacturing processes and promoting PET recycling.
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Diversification in the applications of PET bottles has also played a pivotal role in the GCC PET bottle market growth. For instance, the personal care sector in the GCC, which includes products like shampoos, lotions, and hand sanitizers, has witnessed an upsurge. With the growing sophistication of the consumer base and heightened awareness of personal hygiene, especially post the pandemic era, there has been a noticeable uptick in the demand for PET bottles in this sector.
Additionally, burgeoning beverage sector in the GCC countries, driven by the region’s predominantly young demographic and their evolving consumption patterns is also contributing rapidly towards overall development of the market. The young population’s inclination towards packaged beverages, including soft drinks, juices, and bottled water, has been pivotal in driving the GCC PET bottle market size.
The pharmaceutical industry in the GCC is not far behind. With the region’s healthcare infrastructure developing at a healthy pace, the need for safe and efficient packaging has emerged. Here, PET bottles, renowned for their barrier properties, play an indispensable role, offering safe storage for liquid medications, syrups, and other healthcare products.
Delving deeper into the GCC PET bottle market analysis, it is evident that innovations in bottle design and increased capacity for local production also underpin the market’s growth trajectory. Manufacturers in the GCC region are continuously focused on enhancing production processes, integrating advanced technologies, and responding to market needs swiftly, making the region a key player in the global PET bottle market.
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Market Segmentation
The market can be divided based on capacity, colour, distribution channel, type, end use, and country.
Market Breakup by Capacity
• High
• Medium
• Low
Market Breakup by Colour
• Transparent
• Coloured
Market Breakup by Distribution Channel
• Business to Business
• Retail
o Supermarkets and Hypermarkets
o Convenience Stores
o Online
o Others
Market Breakup by Type
• Stretch Blow Moulding
• Injection Moulding
• Extrusion Blow Moulding
• Thermoforming
• Others
Market Breakup by End Use
• Packaged Water
• Carbonated Soft Drinks (CSD’s)
• Food Bottles and Jars
• Non-Food Bottles and Jars
• Fruit Juice
• Beer
• Others
Market Breakup by Country
• Saudi Arabia
• UAE
• Kuwait
• Qatar
• Bahrain
• Oman
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the GCC PET bottle market. Some of the major players explored in the report by Expert Market Research are as follows:
• Plastico
• Duplas Al Sharq L.L.C.
• Rawasy Al Khaleej Plastic Ind
• INTERGULF – EMPOL
• Others
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