The Growing Pet Bottles Market is trending towards Sustainable Materials
Pet Bottles Market Pet bottles are containers widely used for packaging water, carbonated soft drinks, juices, sports drinks, and other beverages. Made from polyethylene terephthalate (PET), pet bottles offer advantages such as lightweight, high clarity, shatter-resistant nature, retention of carbonation, and recyclability. They help safeguard packaged beverages from light, air, and other environmental contaminants. The Global Pet Bottles Market is estimated to be valued at US$ 2.91 Bn in 2024 and is expected to exhibit a CAGR of 8.2% over the forecast period 2024 to 2031. Key Takeaways Key players operating in the Pet Bottles market include Reckitt Benckiser Group PLC, Church & Dwight Co. Inc., Okamoto Industries Inc., Karex Berhad, and Humanwell Group. These companies collectively account for over 30% share of the global market. The increasing demand for bottled water and ready-to-drink beverages have propelled market growth. According to various reports, bottled water cons