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.Report Metrics
Historical Year: 2015-2020
Base Year: 2020
Forecast Year: 2021-2025
Download a free sample report to get detailed insight about the market: https://www.syndicatedanalytics.com/request?type=report&id=785&flag=B
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.
Browse complete report with tables of contents and list of figures & tables: https://www.syndicatedanalytics.com/gcc-pet-bottle-market
GCC PET Bottle Market Segmentation:
The market is segmented on the basis of type, end-use, and region.
Type
End-use
Region
North America
Europe
Asia Pacific
Latin America
Middle East and Africa
Competitive Landscape:
The report also provides insights on the competitive landscape of the PET bottle market with the leading players profiled in the report.
Related Reports:
GCC Logistics Market
GCC Tuna Market
GCC Electric Motor Market
GCC Prawn Market
GCC Soybean Oil Market
About us: Syndicated Analytics is a market research firm that offers consulting services and provides comprehensive market intelligence in the form of research reports.
Contact Info:
74 State St
Albany, New York 12207
United States of America