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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
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 Report Snapshots
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the market attained a value of approximately USD 213.32 billion.
The market is projected to grow at a CAGR of 6.3% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 369.64 billion by 2032.
The market is being driven by the rising demand for high-quality packed drinking water and growing usage of polyethylene terephthalate (PET) plastic bottles owing to their sustainability, durability, and versatility.
The key trends of the market include innovations in plastic bottles, and growing importance of a circular economy.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The various raw materials of plastic bottles in the market are polyethylene terephthalate (PET), polypropylene (PP), low-density polyethylene (LDPE), and high-density polyethylene (HDPE), among others.
The significant applications in the market are beverage, food, cosmetics, pharmaceutical, and household care, among others.
The key players in the global plastic bottles market are Alpha Packaging, CKS Packaging Inc., Bericap GmbH & Co. KG, Plastipak Holdings Inc., and Graham Packaging Company, among others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124