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PET Bottle Market by End-user and Geography - Forecast and Analysis 2022-2026

  • Published: Jan 2022
  • Pages: 120
  • SKU: IRTNTR72006
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The PET bottle market share is expected to increase by USD 11.21 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 4.07%.

This PET bottle market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers PET bottle market segmentation by end-user (food and beverage, household, personal care, and others) and geography (APAC, Europe, North America, MEA, and South America). The PET bottle market report also offers information on several market vendors, including Amcor Plc, Alpha Plastics Inc., BASF SE, BERICAP Holding GmbH, Berry Global Group Inc., Captiva Co., Cospack America Corp., Graham Packaging Co., Ontario Plastic Container Producers Ltd., and Plastipak Holdings Inc. among others.

What will the PET Bottle Market Size be During the Forecast Period?

PET Bottle Market Size

Download the Free Report Sample to Unlock the PET Bottle Market Size for the Forecast Period and Other Important Statistics

 

PET Bottle Market: Key Drivers, Trends, and Challenges

The rising adoption of PET as a packaging solution is notably driving the PET bottle market growth, although factors such as stringent government regulations and policies on the use of plastics may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the PET bottle industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key PET Bottle Market Driver

The rising adoption of PET as a packaging solution is one of the key drivers supporting the PET bottle market growth. The PET packaging solution is globally implemented successfully for encasing products such as beverages, food, and others. The use of PET bottles for beer is gaining popularity in the eastern and central parts of Europe.  They have the primary advantage of weighing less than glass and metal ones. These bottles are the preferred packaging option across various end-user industries for reduced transportation emissions and resources in the supply chain. As a result, the global demand for the bottles is rising and will register a CAGR of about 4.07% during the forecast period. This will facilitate the growth of the global PET bottle market during the forecast period.

Key PET Bottle Market Trend

The growing popularity of lightweight packaging is another factor supporting the PET bottle market growth. Lightweight packaging is both cost-effective and recyclable. For instance, glass packaging solution is heavy. It is cumbersome to transport products packed in glasses. This packaging solution also increases the cost of production and bottling. Therefore, goods manufacturers are moving toward the adoption of lightweight plastic packaging. For instance, in August 2019, Amcor Plc (Amcor) launched lightweight PET bottles for pasteurized beer in Brazil. Thus, the growing popularity and demand for this lightweight packaging material globally have positively impacted the demand for PET bottles.

Key PET Bottle Market Challenge

Stringent government regulations and policies on the use of plastics is hindering the PET bottle market growth. Plastics are non-biodegradable in nature and remain in the environment for a long time. Plastic beverage packaging waste is one of the significant packaging waste contributors in the world. On average, about 28.4 million tons of plastic packaging waste is generated per year in the EU countries, out of which only less than 40% is recycled. As a result, various international regulatory bodies and governments across the world are introducing regulations to minimize the use of plastics as packaging film. For instance, in January 2018, the EU formulated a region-wide strategy on the use of plastics. As per the new policy, all types of plastic packaging in the EU countries must be recyclable or reusable, and businesses should reduce plastic waste. Therefore, an increased number of regulations with respect to the use of plastics is expected to hinder the growth of the global PET bottle market during the forecast period.

This PET bottle market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the PET bottle market as a part of the global metal and glass containers market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the PET bottle market during the forecast period.

Who are the Major PET Bottle Market Vendors?

The report analyzes the market's comPETitive landscape and offers information on several market vendors, including:

 

  • Amcor Plc
  • Alpha Plastics Inc.
  • BASF SE
  • BERICAP Holding GmbH
  • Berry Global Group Inc.
  • Captiva Co.
  • Cospack America Corp.
  • Graham Packaging Co.
  • Ontario Plastic Container Producers Ltd.
  • Plastipak Holdings Inc.

 

This statistical study of the PET bottle market encompasses successful business strategies deployed by the key vendors. The PET bottle market is fragmented and the vendors are deploying growth organic and inorganic strategies to compete in the market.

Product Insights and News

  • Amcor Plc - The company offers pet bottles which is lighter and more convenient.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The PET bottle market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

PET Bottle Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the PET bottle market, which vendors can leverage to gain a comPETitive advantage during the forecast period. The end-to-end understanding of the value chains is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of the metal and glass containers market includes the following core components:

  • Inputs
  • Inbound logistics
  • Operations
  • Outbound logistics
  • Marketing and sales
  • Service
  • Support activities
  • Industry Innovation

The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

 

Which are the Key Regions for PET Bottle Market?

PET Bottle Market Market segmentation by region

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51% of the market's growth will originate from APAC during the forecast period. China and India are the key markets for the PET bottle market in APAC. Market growth in this region will be faster than the growth of the market in other regions.

The rising household disposable income will facilitate the PET bottle market growth in APAC over the forecast period. This market research report entails detailed information on the comPETitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

In 2020, the outbreak of COVID-19 hindered the growth of the regional PET bottle market. Countries such as China, India, Nepal, Pakistan, South Korea, Malaysia, Sri Lanka, and the Philippines were under partial or full lockdowns owing to the pandemic. Moreover, with the initiation of COVID-19 vaccination drives, the number of COVID-19 cases declined in 2021. This resulted in the complete resumption of operations at manufacturing sites for PET bottles. Therefore, these factors are expected to drive the growth of the regional market during the forecast period.

 

What are the Revenue-generating End-user Segments in the PET Bottle Market?

PET Bottle Market Segmentation

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The PET bottle market share growth by the food and beverage segment will be significant during the forecast period. The food and beverage industry has been the dominant end-user of the global PET bottle market. This is because the most commercially available beverages are sold in PET bottles. Growth in the global population, rise in per capita income, changing consumer habits, and various other factors have played significant roles in driving the demand for packaged beverage products such as CSDs, packed juices, alcoholic beverages, and bottled water. Such factors will drive the market growth during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the PET bottle market size and actionable market insights on post COVID-19 impact on each segment.

 

PET Bottle Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 4.07%

Market growth 2022-2026

$ 11.21 billion

Market structure

Fragmented

YoY growth (%)

3.41

Regional analysis

APAC, Europe, North America, MEA, and South America

Performing market contribution

APAC at 51%

Key consumer countries

US, China, India, Germany, and UK

ComPETitive landscape

Leading companies, ComPETitive strategies, Consumer engagement scope

Key companies profiled

Amcor Plc, Alpha Plastics Inc., BASF SE, BERICAP Holding GmbH, Berry Global Group Inc., Captiva Co., Cospack America Corp., Graham Packaging Co., Ontario Plastic Container Producers Ltd., and Plastipak Holdings Inc.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

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What are the Key Data Covered in this PET Bottle Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive PET bottle market growth during the next five years
  • Precise estimation of the PET bottle market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the PET bottle industry across APAC, Europe, North America, MEA, and South America
  • A thorough analysis of the market's comPETitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of PET bottle market vendors

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1. Executive Summary                         

               1.1 Market Overview 

2. Market Landscape                            

               2.1 Market ecosystem             

                              Exhibit 01:  Parent market

                              Exhibit 02:  Market characteristics

               2.2 Value chain analysis           

                              Exhibit 03: Value chain analysis: Metal and glass containers market

                              2.2.1 Inputs

                              2.2.2 Inbound logistics

                              2.2.3 Operations

                              2.2.4 Outbound logistics

                              2.2.5 Marketing and sales

                              2.2.6 Aftermarket and service

                              2.2.7 Support activities

                              2.2.8 Innovations

3. Market Sizing                      

               3.1 Market definition

                              Exhibit 04:  Offerings of vendors included in the market definition

               3.2 Market segment analysis  

                              Exhibit 05:  Market segments

               3.3 Market size 2021 

               3.4 Market outlook: Forecast for 2021 - 2026 

                              3.4.1 Estimating growth rates for emerging and high-growth markets

                              3.4.2 Estimating growth rates for mature markets

                              Exhibit 06:  Global - Market size and forecast 2021 - 2026 ($ million)

                              Exhibit 07:  Global market: Year-over-year growth 2021 - 2026 (%)

4. Five Forces Analysis                         

               4.1 Five Forces Summary         

                              Exhibit 08:  Five forces analysis 2021 & 2026

               4.2 Bargaining power of buyers            

                              Exhibit 09: Bargaining power of buyers

               4.3 Bargaining power of suppliers        

                              Exhibit 10: Bargaining power of suppliers

               4.4 Threat of new entrants     

                              Exhibit 11: Threat of new entrants

               4.5 Threat of substitutes          

                              Exhibit 12: Threat of substitutes

               4.6 Threat of rivalry   

                              Exhibit 13: Threat of rivalry

               4.7 Market condition 

                              Exhibit 14:  Market condition - Five forces 2021

5 Market Segmentation by End-user                             

               5.1 Market segments

                              Exhibit 15:  End-user - Market share 2021-2026 (%)

               5.2 Comparison by End-user   

                              Exhibit 16:  Comparison by End-user

               5.3 Food and beverage - Market size and forecast 2021-2026  

                              Exhibit 17:  Food and beverage - Market size and forecast 2021-2026 ($ million)

                              Exhibit 18:  Food and beverage - Year-over-year growth 2021-2026 (%)

               5.4 Household - Market size and forecast 2021-2026   

                              Exhibit 19:  Household - Market size and forecast 2021-2026 ($ million)

                              Exhibit 20:  Household - Year-over-year growth 2021-2026 (%)

               5.5 Personal care - Market size and forecast 2021-2026             

                              Exhibit 21:  Personal care - Market size and forecast 2021-2026 ($ million)

                              Exhibit 22:  Personal care - Year-over-year growth 2021-2026 (%)

               5.6 Others - Market size and forecast 2021-2026          

                              Exhibit 23:  Others - Market size and forecast 2021-2026 ($ million)

                              Exhibit 24:  Others - Year-over-year growth 2021-2026 (%)

               5.7 Market opportunity by End-user   

                              Exhibit 25:  Market opportunity by End-user

6. Customer landscape                        

               6.1 Overview

                              Technavio’s customer landscape matrix comparing Drivers or price sensitivity, Adoption lifecycle, importance in customer price basket, Adoption rate and Key purchase criteria

                              Exhibit 26: ?Customer landscape?

7. Geographic Landscape                    

               7.1 Geographic segmentation

                              Exhibit 27:  Market share by geography 2021-2026 (%)

               7.2 Geographic comparison    

                              Exhibit 28: Geographic comparison

               7.3 APAC - Market size and forecast 2021-2026             

                              Exhibit 29:  APAC - Market size and forecast 2021-2026 ($ million)

                              Exhibit 30:  APAC - Year-over-year growth 2021-2026 (%)

               7.4 Europe - Market size and forecast 2021-2026         

                              Exhibit 31:  Europe - Market size and forecast 2021-2026 ($ million)

                              Exhibit 32:  Europe - Year-over-year growth 2021-2026 (%)

               7.5 North America - Market size and forecast 2021-2026          

                              Exhibit 33:  North America - Market size and forecast 2021-2026 ($ million)

                              Exhibit 34:  North America - Year-over-year growth 2021-2026 (%)

               7.6 MEA - Market size and forecast 2021-2026              

                              Exhibit 35:  MEA - Market size and forecast 2021-2026 ($ billion)

                              Exhibit 36:  MEA - Year-over-year growth 2021-2026 (%)

               7.7 South America - Market size and forecast 2021-2026          

                              Exhibit 37:  South America - Market size and forecast 2021-2026 ($ billion)

                              Exhibit 38:  South America - Year-over-year growth 2021-2026 (%)

               7.8 Key leading countries        

                              Exhibit 39:  Key leading countries

               7.9 Market opportunity by geography

                              Exhibit 40: Market opportunity by geography

8. Drivers, Challenges, and Trends                  

               8.1 Market drivers      

                              8.1.1 Rising adoption of PET as a packaging solution

                              8.1.2 Growth in the organized retail segment

                              8.1.3 Rising consumption of bottled water

               8.2 Market challenges              

                              8.2.1 Stringent government regulations and policies on the use of plastics

                              8.2.2 Volatility in crude oil price

                              8.2.3 Issues related to the recyclability of PET

                              Exhibit 41:  Impact of drivers and challenges

               8.3 Market trends      

                              8.3.1 Growing popularity of lightweight packaging

                              8.3.2 Rising demand for Bio-PET material worldwide

                              8.3.3 Increasing demand for functional drinks

 

9. Vendor Landscape                            

               9.1 Vendor landscape

                              Exhibit 42: Vendor landscape

                              The potential for the disruption of the market landscape was moderate in 2020, and its threat is expected to remain unchanged by 2025. 

               9.2 Landscape disruption         

                              Exhibit 43: ?Landscape disruption?

                              Exhibit 44: Industry risks

10. Vendor Analysis               

               10.1 Vendors covered              

                              Exhibit 45: Vendors covered

               10.2 Market positioning of vendors    

                              Exhibit 46: ?Market positioning of vendors?

               10.3 Amcor Plc            

                              Exhibit 47:  Amcor Plc - Overview

                              Exhibit 48:  Amcor Plc - Business segments

                              Exhibit 49:  Amcor Plc– Key news

                              Exhibit 50:  Amcor Plc - Key offerings

                              Exhibit 51:  Amcor Plc - Segment focus

               10.4 Alpha Plastics Inc.            

                              Exhibit 52:  Alpha Plastics Inc. - Overview

                              Exhibit 53:  Alpha Plastics Inc. - Product and service

                              Exhibit 54:  Alpha Plastics Inc. - Key offerings

               10.5 BASF SE 

                              Exhibit 55:  BASF SE - Overview

                              Exhibit 56:  BASF SE - Business segments

                              Exhibit 57:  BASF SE -  Key news

                              Exhibit 58:  BASF SE - Key offerings

                              Exhibit 59:  BASF SE - Segment focus

               10.6 BERICAP Holding GmbH  

                              Exhibit 60:  BERICAP Holding GmbH - Overview

                              Exhibit 61:  BERICAP Holding GmbH - Product and service

                              Exhibit 62:  BERICAP Holding GmbH - Key offerings

               10.7 Berry Global Group Inc.  

                              Exhibit 63:  Berry Global Group Inc. - Overview

                              Exhibit 64:  Berry Global Group Inc. - Business segments

                              Exhibit 65:  Berry Global Group Inc. - Key offerings

                              Exhibit 66:  Berry Global Group Inc. - Segment focus

               10.8 Captiva Co.         

                              Exhibit 67:  Captiva Co. - Overview

                              Exhibit 68:  Captiva Co. - Product and service

                              Exhibit 69:  Captiva Co. - Key offerings

               10.9 Cospack America Corp.   

                              Exhibit 70:  Cospack America Corp. - Overview

                              Exhibit 71:  Cospack America Corp. - Product and service

                              Exhibit 72:  Cospack America Corp. - Key offerings

               10.10 Graham Packaging Co  

                              Exhibit 73:  Graham Packaging Co. - Overview

                              Exhibit 74:  Graham Packaging Co. - Product and service

                              Exhibit 75:  Graham Packaging Co. - Key offerings

               10.11 Ontario Plastic Container Producers Ltd.             

                              Exhibit 76:  Ontario Plastic Container Producers Ltd. - Overview

                              Exhibit 77:  Ontario Plastic Container Producers Ltd. - Product and service

                              Exhibit 78:  Ontario Plastic Container Producers Ltd. - Key offerings

               10.12 Plastipak Holdings Inc. 

                              Exhibit 79:  Plastipak Holdings Inc. - Overview

                              Exhibit 80:  Plastipak Holdings Inc. - Product and service

                              Exhibit 81:  Plastipak Holdings Inc. - Key offerings

11. Appendix                           

               11.1 Scope of the report         

                              11.1.1 ????Market definition

                              11.1.2 ????Objectives

                              Notes and caveats

               11.2 Currency conversion rates for US$            

                              Exhibit 82: ?Currency conversion rates for US$?

               11.3 Research Methodology   

                              Exhibit 83: ?Research Methodology

                              Exhibit 84: ??Validation techniques employed for market sizing?

                              Exhibit 85: ??Information sources

               11.4 List of abbreviations        

                              Exhibit 86: List of abbreviations

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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PET Bottle market growth will increase by $11217.06 million during 2021-2026.
The pet bottle market is expected to grow at a CAGR of 4.07% during 2021-2026.
Technavio has segmented the pet bottle market by end user (Food and beverage, Household, Personal care, and Others) and geographic (APAC, Europe, North America, MEA, and South America).
Amcor Plc, Alpha Plastics Inc., BASF SE, BERICAP Holding GmbH, Berry Global Group Inc., Captiva Co., Cospack America Corp., Graham Packaging Co., Ontario Plastic Container Producers Ltd., Plastipak Holdings Inc. are a few of the key vendors in the pet bottle market.
APAC will register the highest growth rate of 50.65% among the other regions. Therefore, the pet bottle market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the pet bottle market growth are:
  • Rising adoption of PET as a packaging solution
The pet bottle market vendors should focus on grabbing business opportunities from the food and beverage segment as it accounted for the largest market share in the base year.
  • What are the key global market and the regional market share?
  • What are the revenue-generating key market segments?
  • What are the key factors driving and challenging this market’s growth?
  • Who are the key market vendors and their growth strategies?
  • What are the latest trends influencing the growth of this market?
  • What are the variables influencing the market growth in the primary regions?
  • What are the factors influencing the growth of the parent market?
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