The global Plastic Bottles market reached a value of about USD 187.04 billion in 2021. The industry is projected to grow at a CAGR of around 5% in the forecast period of 2022-2027 to reach a value of about USD 252.3 billion by 2027.
The global Plastic Bottles industry report gives a comprehensive analysis of the industry, including key segments, trends, drivers, restraints, the competitive landscape, and other essential market aspects. The market is being driven by the product's employment in various industries for packaging. In the industry report, the key demand indicator is the highest category spender by region—Asia Pacific.
A plastic bottle is a container with a neck that is smaller than the body and takes a screw-type, snap cap, or other closure. A plastic bottle is made of either high-density or low-density plastic. Water, soft beverages, motor oil, cooking oil, medication, shampoo, milk, and ink are often stored in plastic bottles. The bottles range in size from little bottles to big carboys. The Plastic Bottles industry report comprises segments by plastics (PET, PE, PP, PVC), by end-use (Food & Beverages, Pharmaceuticals, Cosmetics, and Personal Care, Homecare), and region (North America, Europe, South America, Asia Pacific, and the Middle East and Africa).
The Asia Pacific region holds the largest share in the market due to the rising demand for bottles in the expanding healthcare sector in China. Moreover, the increasing industrial activities in India are providing a significant thrust to the economy.
The market is being driven by the demand for the product for packaging in various industries. Plastic packaging is becoming popular among customers since it is lighter and simpler to handle. Prominent manufacturers also prefer plastic packaging options due to their cheaper production costs. Due to the never-ending need for bottled water and non-alcoholic drinks, the market for plastic bottles in the beverage industry is expected to rise. Consumers' preference for exceptionally requesting high-quality drinking water is attributed to their fear of illnesses due to drinking filthy tap water and the mobility and convenience afforded by bottled water. Due to a wide range of creative, cost-effective, and ecological packaging options, the demand for plastic bottles and containers is increasing. Plastic packaging has improved barrier properties and can effectively protect the product from moisture and oxygen, which significantly impacts plastic bottles and container growth. The fast growth in disposable incomes, prolonged shelf life, and simplicity of use are the key factors driving the demand for plastic bottles and containers. Despite their modest weight, the likelihood of beverage cans being broken during transit is higher than plastic bottles. As a result, the plastic's small weight has prompted its use in the production of bottles and containers. Due to a lack of corks, more people are using plastic bottles to replace glass bottles, increasing their use in beverage items like wine and juices, which is driving up demand. Plastic bottles are in high order because of their airtightness, improving product stability.
The global Plastic Bottles industry report by Procurement Resource gives an in-depth analysis of the best buying practices followed by major international Plastic Bottles regions, such as engagement models, contract terms, and buyer and supplier negotiation levers, among others.
The plastic bottles are made from different raw materials depending on the functionality and product they will be used to store. High-density polyethene, Fluorine-treated HDPE, Low-density polyethene, Polyethylene terephthalate, Polycarbonate, Polypropylene, Polystyrene, Polyvinylchloride, Post-consumer resin, K-Resin, and Other materials including Bioplastic, Bisphenol A are mainly employed in the production of the containers.
The industry is being propelled by using polyethene terephthalate (PET), and high-density polyethene (HDPE) polymers in plastic bottling are growing. Manufacturers favour PET over other plastic packaging goods because it loses the least amount of raw material throughout the manufacturing process. Its recyclability and the ability to customise it with different colours and designs. Recyclable objects have soared in recognition as consumer knowledge of environmental issues has grown, leading to an increase in their demand. Furthermore, advances in the manufacturing of plastic bottles that can improve internal gas proofing are increasingly being implemented, extending product shelf life without compromising taste, which is likely to boost market development. Furthermore, the expanding trend of the plastic bottle circular economy is expected to catalyse business growth in the following years.
The regional markets for the industry can be divided into North America, South America, Europe, the Middle East and Africa, and the Asia Pacific.
Plastic bottles are a somewhat competitive market with several prominent companies; few big firms presently dominate the industry in market share. These major players are focusing their efforts on growing their consumer base in other nations, and these businesses use strategic collaboration efforts to expand their market share and profits. The plastic bottles and containers market is highly fragmented, and increased demand for food and beverages will present significant development potential in the plastic bottle industry. As a result, many businesses consider this to be an emerging market.
1. Executive Summary
2. Global Plastic Bottles Market Snapshot
2.1. Plastic Bottles Market Outlook
2.2. Plastic Bottles Industry Analysis, By Plastics
2.3. Plastic Bottles Industry Analysis, By End-use
2.3.1. Food & Beverages
2.3.3. Cosmetics and Personal Care
2.4. Regional Overview
2.4.1. North America
2.4.3. Asia Pacific
2.4.5. Middle East & Africa
3. Impact of Recent Events
4. Plastic Bottles Value Chain Analysis
5. Plastic Bottles Production Process
6. Trade Analysis
7. Major Risk Factors in Sourcing
8. Plastic Bottles Cost Structure
9. Plastic Bottles Price Analysis
10. Key Demand Indicator Analysis
11. Key Price Indicator Analysis
12. Plastic Bottles Market Dynamics
12.1. Drivers & Constraints
12.2. Industry Events
12.3. Innovations & Trends
12.4. SWOT Analysis
12.5. Porter’s Five Forces
12.5.1. Buyer Power
12.5.2. Supplier Power
12.5.3. Threat of New entrants
12.5.4. Threat of Substitutes
12.5.5. Industry Rivalry
13. Feedstock Market Analysis
13.1. Market Overview
13.2. Price Analysis
14. Industry Best Practices
14.1. Sourcing Strategy
14.2. Procurement Model
14.3. Contract Structure
14.4. Negotiation Levers
14.5. Pricing Model
14.6. Key Factors Influencing the Quotation
15. Key Supplier Analysis
15.1. Amcor plc
15.2. Berry Global, Inc
15.3. AptarGroup, Inc.
15.4. ALPLA Group
15.5. Graham Packaging Company
The global Plastic Bottles market size was valued at USD 187.04 billion in 2021.
As per the plastic provided, the PET segment is anticipated to lead the market between 2022 and 2027.
The significant demand for packaging in a wide range of industries is one of the essential drivers of the Plastic Bottles market growth.
Alpha Packaging, CKS Packaging Inc., Bericap GmbH & Co. KG, Graham Packaging Company, and Plastipak Holdings Inc., are the prominent companies in the market.
The Asia Pacific region of the Plastic Bottles industry holds a significant share in the market.
The global Plastic Bottles market attained a value of USD 187.04 billion in 2021, driven by the rising demand for the product for packaging in various industries. It is gaining traction due to its lighter and simpler handling properties. Manufacturers prefer plastic packaging options due to their lower production costs. Aided by the growing inclination towards using polyethene terephthalate (PET) and high-density polyethene (HDPE) polymers in plastic bottling, the market is expected to witness further growth in the forecast period of 2022-2027, growing at a CAGR of 5%. The market is projected to reach USD 252.3 billion by 2027. Some of the leading players in the industry are Alpha Packaging, CKS Packaging Inc., Bericap GmbH & Co. KG, Plastipak Holdings Inc., and Graham Packaging Company.
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