Global Plastic Bottles Market Report and Forecast 2024-2032

Global Plastic Bottles Market Outlook

The global plastic bottles market attained a value of about USD 213.32 billion in 2023. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 6.3% to reach nearly USD 369.64 billion by 2032.   

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Rising Demand for Polyethylene Terephthalate (PET) Plastic Bottles Aiding the Growth of the Market

The market for plastic bottles is being augmented by the growing demand for polyethylene terephthalate (PET) plastic bottles owing to their recyclability. Moreover, the increasing production of polyethylene terephthalate plastic bottles due to their durability, reliability, and environmental friendliness in countries such as the United States, is increasing their cost-effectiveness, which is also augmenting the industry growth. The growing adoption of plastic bottles as a replacement of glass bottles owing to the shortage of corks is increasing their use in beverage products, such as wine and juices, among others, further boosting their demand. As the airtightness of plastic bottles can enhance the product stability, their demand is significantly surging. In addition, the convenience offered by plastic bottles is also escalating their demand. The spread of western culture heavily relying on packaged products is further increasing the use of plastic bottles in developing countries, such as India, China, Indonesia, and Brazil, among others. The growing demand for reusable plastic bottles owing to the increasing environmental consciousness is providing further impetus to the market growth.

Plastic Bottles: Market Segmentation

Plastic bottles are bottles that are made up of high-density or low-density plastics and are used to store liquids such as soft drinks, water, shampoos, cooking oils, and inks, among others. They are cost-effective and are resistant to breakage. Moreover, plastic bottles are durable, versatile, and stable, due to which they are used in various applications.

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The major raw materials of plastic bottles are:

• Polyethylene Terephthalate (PET)
• Polypropylene (PP)
• Low-Density Polyethylene (LDPE)
• High-Density Polyethylene (HDPE)
• Others

The market can be broadly categorised on the basis of its applications segments into:

• Beverage
• Food
• Cosmetics
• Pharmaceutical
• Household Care
• Others

The EMR report looks into the regional markets of plastic bottles like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

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Increasing Demand for Recyclable Plastic Bottles to Augment the Market Growth

Innovations in the design of plastic bottles, along with their cost-effectiveness, are augmenting the market growth. The rising trend of recyclable plastic bottles is positively impacting the market growth. Thus, the increasing popularity of recycled plastic bottles in various countries is expected to propel the market growth. Various innovative approaches adopted by the leading companies to reduce energy usage and environmental footprints of plastic bottles are anticipated to further fuel the demand for recyclable plastic bottles. The increasing trend of utilising food-grade recycled plastic bottles in the food and beverage industry is also expected to significantly contribute to the industry growth. In addition, advancements in the processing of plastic bottles that can improve internal gas proofing are increasingly being adopted, hence increasing the shelf life of products without impacting the taste, which is expected to invigorate the market growth. Moreover, the growing trend of the circular economy of plastic bottles is projected to catalyse the industry growth in the upcoming years.

Key Industry Players in the Global Plastic Bottles Market

The report presents a detailed analysis of the following key players in the global plastic bottles market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

• Alpha Packaging
• CKS Packaging Inc.
• Bericap GmbH & Co. KG
• Plastipak Holdings Inc.
• Graham Packaging Company
• Others

The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

Key Highlights of the Report

Plastic Bottles Market Report Snapshots

Plastic Bottles Market Size

Plastic Bottles Market Growth

Plastic Bottles Companies