Metalized Pet Bottles Market: Introduction
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 bottles have a metallic coating on the outer surface of the bottles, manufactured by evaporating a thin layer of metal onto the plastic surface. As per requirement the metalized pet bottles are available in different shape, size and color. Aluminum is most widely used material for metalizing pet bottles. Metalized pet bottle packaging is widely sought after because of its long shelf life, durability, thermal insulation, reflective and scratch resistant nature. Metalized pet bottles are made opaque to protect light sensitive products from UV and other radiations.
Metalized Pet Bottles: Market Dynamics
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. However, capital intensive nature of metalized pet bottles packaging machines and presence of other economical plastic packaging are the limiting factors for the metalized pet bottles packaging market. Furthermore, stagnant economic growth in some of the prospective developing regions is expected to affect consumer confidence which in turn will affect consumer goods sales and in turn could hamper growth of global metalized pet bottles market.
Metalized Pet Bottles: Market Segmentation
The global metalized pet bottles packaging market is segmented into three parts based on the shape, end user, and geography.
Based on the shape of the bottle, the global metalized pet bottles packaging market is segmented into:
Based on the end-user the global twin blister packaging market is segmented into:
- Personal care industry
- Cosmetics & Toiletries
- Antiperspirants & Perfume
- Food and beverage industry
- Edible Oils
- Dairy products
- Soft drinks & Juices
Metalized Pet Bottles Market: Regional outlook
In terms of geography, the global metalized pet bottles packaging market has been divided in to seven key regions including North America, Latin America, East Europe, West Europe, Asia-Pacific excluding Japan, Japan and Middle East & Africa. The Asia-Pacific metalized pet bottles packaging market revenue contribution to the global metalized pet bottles packaging market is expected to be the maximum by the end of forecast period owing to increased demand of metalized pet bottles packaging food and beverage industry. North America and Europe are expected to create significant opportunities for metalized pet bottles packaging manufacturers owing to increased demand for metalized pet bottles packaging in personal care and health care applications. The demand for metalized pet bottles for packaging consumer goods in developing economies such as Brazil, Mexico in Latin America, due to higher consumer spending pattern, will drive the revenue sales of metalized pet bottles packaging, in the region. Factors such as increasing urbanization, better life style, along with greater purchasing power parity are expected to foster the demand of metalized pet bottles packaging in the Middle East and African regions.
Metalized Pet Bottles Market: Key players
Some of the key players in this industry are TricorBraun Inc, O.BERK COMPANY, LLC, Pet Power, Packaging Connections, Amcor, Novelis, Polyplex, etc.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.