The new report by Expert Market Research titled, ‘GCC PET Bottle Market Report and Forecast 2021-2026’, gives an in-depth analysis of the GCC PET bottle market, assessing the market based on its segments like capacity, color, distribution channel, end-use, technology and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2016-2026)
- Historical Market Size (2020): 12.5 Million Tons
- Forecast CAGR (2021-2026): 2%
- Forecast Market Size (2026): 14 Million Tons
Due to an increase in the consumption of packaged foods and beverages, the Asia Pacific region is expected to see significant development. The GCC area is expected to rise significantly in the coming years as a result of increased consumption of carbonated and other packaged beverages. The market in the region is also benefiting from a growing preference for bottled water over tap water, as bottled water is seen as a more hygienic choice. As a result, increasing water consumption due to the region’s high temperatures is expected to positively impact the GCC PET bottle market.
Industry Definition and Major Segments
PET is a common thermoplastic polymer resin that is commonly used in the production of plastic bottles. PET is a member of the polyester family. As compared to their TPP, HDPE, and PVC counterparts, they are more durable, transparent, lightweight, non-reactive, recyclable, cost-effective, and thermally stable.
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Based on the Capacity:
Based on Colour:
Based on Distribution Channel:
- Business to Business
- Supermarkets and Hypermarkets
- Convenience Stores
Based on Technology Type:
- Stretch Blow Moulding
- Injection Moulding
- Extrusion Blow Moulding
Based on End-Use:
- Packaged Water
- Carbonated Soft Drinks (CSD’s)
- Food Bottles and Jars
- Non-Food Bottles and Jars
- Fruit Juice
The regions for the aircraft seating market include:
- Saudi Arabia
The favourable properties of the commodity are driving the GCC PET bottle market. PET bottles can be moulded into a variety of shapes to enhance their aesthetics and functionality. Manufacturers are concentrating on one-of-a-kind packaging and multi-sized packs for individuality, which is boosting demand for PET bottles with custom shapes, colours, and designs. In the GCC zone, lifestyle changes and westernisation have increased the applicability of these items. The regional market is also being driven by the region’s growing influx of immigrants and visitors, who consume packaged foods and beverages in large quantities. Advances in technology are propelling demand growth by making PET bottles more impervious to the elements and thereby growing their shelf life.
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Key Market Players
The major players in the market are Plastico, Duplas Al Sharq L.L.C., Rawasy Al Khaleej Plastic Ind, INTERGULF – EMPOL and Others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
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