According to the Astute Analytica study on the global Europe PET Bottle Market, the size of the market will increase from USD 9,067.7 Million in 2021 to USD 10,630.9 Million by the year 2027, registering a remarkable compound annual growth rate (CAGR) of 2.7% from 2022 to 2027.

The segmentation section of the report focuses on every segment, along with highlighting the ones having a strong impact on the global Europe PET Bottle Market. The segmentation served as the foundation for finding businesses and examining their financial standings, product portfolios, and future growth potential. The second step entailed evaluating the core competencies and market shares of top firms in order to predict the degree of competition. A bottom-up method was used to assess the market’s overall size.

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Increasing demand from bottled water industry The demand for PET bottles in the bottled water industry is growing owing to various advantages of polyethylene terephthalate. These advantages include high durability and breakage resistant as compared to other materials. Moreover, PET is very flexible and can be molded into any shape and color, which also boosts the market growth. All these advantages are expected to boost the market growth. Rising demand from cosmetic industry The demand for PET bottles is increasing in the cosmetic industry majorly because of their recyclable nature. This is because of the high demand for sustainable beauty products in Europe. Furthermore, they can be made into any color and shape which is required in the cosmetic industry because attractive packaging is required for marketing and selling of the cosmetic products. All these factors are anticipated to boost the market growth. Segments Overview:

The Europe PET Bottle market is segmented based on the form, color, resin type, technology, capacity (volume), application, and distribution channel. By Form

The amorphous PET segment is expected be the fastest growing volume segment with a CAGR of 2.5% owing to its increasing usage in packaging of beverages and food items. Also, this type of PET offers high stiffness and strength, hence boosting the market growth. By Color

The colored segment is anticipated to hold the largest market share of around 58% owing to its increasing demand in the cosmetic industry. The transparent segment is also expected to grow significantly owing to its high usage in the bottled water industry. By Resin Type

The recycled segment is estimated to cross a market volume of around 46 billion units by 2025 owing to growing adoption of recyclable bottles in across various industries due to high demand for sustainable materials. By Technology

The extrusion blow molding segment is expected to hold the largest market share. This is because the technology is increasingly adopted as it is easy to use. The stretch blow molding segment is anticipated to grow at the fastest CAGR owing to its rising demand for production of bottled water and juices. By Capacity (Volume)

The up to 500 ml segment is estimated to surpass a market volume of 31.2 billion units by 2026 owing to its high demand in the personal care and beverages industry. The more than 2000 ml segment is expected to witness a market volume CAGR of about 2.1%. Download Sample Report, SPECIAL OFFER (Avail an Up-to 30% discount on this report- https://www.astuteanalytica.com/request-sample/europe-pet-bottle-market

The beverages segment is expected to account for the largest market share of around 70% owing to high demand for PET bottles in packaged water and juice industry. Within this segment, the packaged water segment is expected to witness a CAGR of 3.3%. Within the personal care segment, the body fragrance segment is anticipated to surpass a market volume size of around 1.4 billion units by 2027. By Distribution Channel

The business to business segment is anticipated to hold the largest market share. The retail segment is expected to witness the fastest growth rate. The online and convenience stores segment is estimated to witness significant growth rates during the forecast period.

Based on region, the Europe PET Bottle market is divided into Western Europe and Eastern Europe. The Western Europe region is anticipated to hold the largest market share owing to the presence of major market players in the region and presence of various manufacturing facilities in the region. The region is divided into the UK, Germany, France, Italy, Spain, and Rest of Western Europe. Italy is anticipated to cross a market volume size of 15.1 billion units by 2027. The Eastern Europe region is divided into Poland, Russia, and Rest of Eastern Europe. Russia is estimated to witness a CAGR of 2.2% over the forecast period. Competitive Landscape:

Key players operating in the Europe PET Bottle market include Alpack Plastics, Alpha Packaging, Amcor Limited, BERICAP GmbH & Co. KG, Berry Global, Inc, CarbonLITE Industries, Clear Path Recycling, Constar Internationals, Inc., Container Corporation of Canada, Cospack America Corporation, Graham Packaging Company Inc., Indorama Ventures Public Company Limited, Krones Ag, Ontario Plastic Container Producers Ltd., PFR Nord GmbH, Phoenix Technologies, Plastipak Holdings, Inc., PolyQuest, Resilux NV, Rexam, Inc., Schoeller Group, and UltrePET, LLC, among others. The cumulative market share of the 5 major players is close to 58%. These market players are involved in collaborations, mergers & acquisitions, and new product launches to strengthen their market presence. For instance, in April 2021, Alpha Packaging acquired Boxmore Plastics Limited, an Ireland based company. With this acquisition, the company strengthened its presence in the European market.

Request Full Report-https://www.astuteanalytica.com/request-sample/europe-pet-bottle-market The Europe PET Bottle market report provides insights on the below pointers:

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