Metalized Pet Bottles Market — Industry Analysis, Trends and Forecast, 2016–2024
Plastic constitutes over 30% of the global packaging market, with rigid plastic accounting about 17% of the overall market. Contemporary market requirements for better and innovative ways of packaging has been the biggest concern for the product manufacturing companies. To have a competitive edge in the market, every manufacturers are looking forward to new, innovative means of packaging that are appealing and receptive to consumers.
Manufacturers dealing in personal care and cosmetics products, especially, identified need for a new technique of packaging -where the glass and plastic bottles can be replaced for better customer service. Propelled by the market need, the packaging industry responded with introduction of metalized pet bottles packaging system.
Metalized pet bottle is gaining popularity among manufacturers, looking low-cost but quality packaging bottles. Mounting demand for personal care and cosmetic products globally, is the key driving factor accelerating growth of metalized pet bottles packaging market. The sales of metalized pet bottles packaging is also fueled by the increasing consumption of beverage products.
Meanwhile the perfume and antiperspirant industry aids in driving significant demand in the metalized pet bottles packaging market. Increase in sales of cosmetics, antiperspirant, personal care and beverage products worldwide will significantly stimulate the demand for the metalized pet bottles, creating robust $ opportunity over the forecast period.
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