Beverage Plastic Bottle Market Size, Share, Growth, And Industry Analysis By Type (PP, PE, PET, Others) By Application (Soft Drinks and Water, Alcoholic Beverages, Others), Regional Forecast To 2032

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Beverage Plastic Bottle Market Report Overview

The Beverage Plastic Bottle Market size was valued at approximately USD 213.32 billion in 2023 and is expected to reach USD 369.68 billion by 2032, growing at a CAGR of about 6.3% during forecast period.

Polyethylene terephthalate, also known as PET, is a thermoplastic organic substance used to create plastic bottles. Worldwide demand for bottles made of polyethylene terephthalate (PET) plastic is rising as a result of the many benefits these containers offer, including their low weight, flexibility, and unbreakability. Elements like risingThe worldwide PET bottles market is expanding thanks to uses of PET bottles in the beverage sector for packaged water, juices, flavoured water, functional water, carbonated drinks, and others. Also, they are ecologically friendly and can be recycled several times, which considerably reduces their manufacturing costs.

Plastic resins including polyethylene terephthalate, polypropylene, high-density polyethylene, and low-density polyethylene are used to make plastic containers. They are mostly used for packing and come in a variety of shapes, including bottles, bottle jars, bowls,and buckets. These bottles are mostly used to package food, drinks, medicines, and cosmetics. Due to their strength, light weight, impermeability to moisture, and protection from sunlight, plastic-based containers are becoming more and more popular for packaging food goods. The market will be favourably impacted by the rising demand for rigid packaging from food and beverage producers who want to extend the shelf life of their products and improve their visual appeal to customers. Because to their consumer appeal and ease of production, containers are becoming more and more preferred by food producers.

Due to their cheap cost, high strength, and impact resistance properties, plastic bottles are increasingly being used to package drinks, medicines, cosmetics, and homecare goods. This will continue to fuel the expansion of the plastic bottles market throughout the forecast period.

COVID-19 Impact: Production Of Plastic-Based Containers May Be Affected By Manufacturing Sector Closure Due To COVID-19

All market sectors had been impacted by the epidemic, and nations had proclaimed a Factory closures and restrictions on distribution and transportation have an impact on the value chain. Due to a manpower shortage and disruptions in the supply chains, the lockout had reduced the enterprises' ability to produce goods. Due to this, there is little market for certain container items. Due to COVID-19's emphasis on personal protective equipment, the consumer products industry suffered as a result. Products were out of stock and deliveries were delayed for consumer goods firms. When brands search for new bottle vendors, the price has gone up from 5% to 10%.

Nonetheless, governments issued suggestions for residents to boost their immunity by taking supplements while the nations took moves to develop the pharmaceutical business. This presented a potential chance to add to and producers of medication containers. However, the pandemic became an opportunity due to the expansion of the e-commerce industry. The online distribution of food and drink, cosmetics, home care, and disinfectants & cleaners helped container makers expand.

Latest Trends

"A significant market trend will be the rapidly growing demand for plastic containers in the cosmetics and personal care Sector"

Plastic is used for cosmetic and personal care product packaging because of its practicality and sanitary attributes. Creams, powders, and other cosmetic goods are commonly packaged and stored in bottles and jars made of polypropylene. Furthermore, the portable and small packaging that these containers offer shields the product from air, light, moisture, dust, and filth. The cosmetics and personal care sector has expanded as a result of consumers' growing interest for skin care products. This is anticipated to drive the market share for plastic containers throughout the anticipated timeframe.

Beverage Plastic Bottle Market Segmentation

• By Type Analysis

According to type, the market can be segmented into PP, PE, PET, Others. PP is anticipated to be the leading segment.

• By Application Analysis

Based on application, the market can be divided into Soft Drinks and Water, Alcoholic Beverages, Others. Soft Drinks and Water will be the dominated segment.

Driving Factors

"Growing Demand For Plastic Bottles Made Of Polyethylene Terephthalate (PET) Helps The Market Expand"

Growing demand for polyethylene terephthalate (PET) plastic bottles, which are recyclable, is expanding the market for plastic bottles. Also, the cost-effectiveness of polyethylene terephthalate plastic bottles is rising due to their durability, dependability, and environmental friendliness in nations like the United States, which is also boosting industry growth. Due to the lack of corks, plastic bottles are increasingly being used in place of glass bottles in the production of beverages like wine and juices, among others, which is driving up demand for them. The demand for plastic bottles is considerably increasing since their airtightness can improve product stability. The ease that plastic bottles provide is also driving up demand for them. In emerging nations like India, China, Indonesia, and Brazil, among others, the usage of plastic bottles is growing as a result of the expansion of western culture, which mainly relies on packaged goods. Due to rising environmental consciousness, there is a growing demand for reusable plastic bottles, which is boosting the market's expansion.

"An Increase In The Demand For Recyclable Plastic Bottles Will Fuel Market Expansion"

The cost-effectiveness of plastic bottles and design innovations are promoting market expansion. The growing popularity of recyclable plastic bottles is having a favourable effect on market expansion. Consequently, it is anticipated that the growing acceptance of recycled plastic bottles would fuel market expansion. The demand for recyclable plastic bottles is expected to increase as a result of several cutting-edge strategies used by the top businesses to lower the energy consumption and environmental impacts of plastic bottles. The industry's expansion is also anticipated to be considerably aided by the growing trend of using recycled plastic bottles that are safe for use in the food and beverage sector. Moreover, improvements in plastic bottle manufacturing that can enhance internal gas proofing are being implemented more often, extending the shelf life of goods without compromising flavour, which is anticipated to stimulate market development. Moreover, it is anticipated that in the following years, the rising trend of the circular economy of plastic bottles would spur industrial growth.

Restraining Factors

"Plastic Is Subject To Rigorous Environmental Regulations That Limit The Use Of Plastic Containers"

Plastic breaks down more slowly than it is manufactured each year. Plastic recycling is a time-consuming process that involves selling, exporting, melting, and

resolving and shipping once more. In addition, dangerous compounds like bisphenol-A, phthalates, and polystyrene that are included in traditional plastics can produce harmful industrial waste. Due to these environmental problems, several governments and regulatory organisations have implemented severe laws to reduce the usage of plastics, which is predicted to restrain market growth.

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Beverage Plastic Bottle Market Regional Insights

"Asia Pacific Is Anticipated To Lead The Market During Forecast Period"

The biggest income in 2021 was generated in the Asia Pacific area, with China and India being the main contributors, totaling USD 26.95 billion. The expansion of the beverage business in this area is responsible for the rise, which also raises the need for plastic bottles to keep carbonated beverages and bottled water. Polyethylene terephthalate is the main material used to make beverage bottles. Thus, the expansion of the plastic containers market in this area would be boosted by increased consumer expenditure on carbonated beverages.

The United States is the largest donor in North America because of the expanding food and pharmaceutical industries. To prevent food and liquids from leaking, stiff plastic bottles and jars are commonly used in the food business. Comparatively, the pharmaceutical business is where the product is most frequently utilised.

Key Industry Players

"Key Players Focus on Partnerships to Gain a Competitive Advantage "

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.

LIST OF TOP BEVERAGE PLASTIC BOTTLE COMPANIES

• Alpha Packaging (U.S.)
• Consolidated Container Company (U.S.)
• Plastipak Holdings (U.S.)
• Graham Packaging Company (U.S.)
• Comar (U.S.)
• Berry (U.S.)
• Alpack Plastic Packaging (U.S.)
• Gerresheimer AG (Germany)
• Cospack (India)
• Bericap (Germany)

Report Coverage

This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, and restraints. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.