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Europe PET Bottle Market Share 2022 Size, Industry Revenue, Growth Insights, Top Players, Recent Developments, and Forecast till 2027 | Plastipak Holdings, Inc., PolyQuest, Resilux NV, Rexam, Inc., Schoeller Group

09-22-2022 01:37 PM CET | Industry, Real Estate & Construction

Press release from: Astute Analytica

Europe PET Bottle Market Share 2022 Size, Industry Revenue,

The Europe PET Bottle Market held a market value of USD 9,067.7 Million in 2021 and is forecasted to reach USD 10,630.9 Million by the year 2027. The market is anticipated to register a CAGR of 2.7% during the projected period. The market experienced a volume of about 136.4 billion units.

PET bottles are bottles made of polyethylene terephthalate, which is a type of polyester. The market is expected to be driven owing to the increasing demand from bottled water industry and the cosmetic industry. Furthermore, the rising trend of westernization and altering food and beverage patterns of consumers is also anticipated to fuel the market growth.

However, environmental concerns regarding the use of plastics are anticipated to restrain the market growth. Fluctuations in raw material prices coupled with lack of effective infrastructure facilities for recycling are also estimated to negatively impact the market growth.

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Growth Influencers:

Increasing demand from bottled water industry

The demand for PET bottles in the bottled water industry is growing owing to various advantages of polyethylene terephthalate. These advantages include high durability and breakage resistant as compared to other materials. Moreover, PET is very flexible and can be molded into any shape and color, which also boosts the market growth. All these advantages are expected to boost the market growth.

Rising demand from cosmetic industry

The demand for PET bottles is increasing in the cosmetic industry majorly because of their recyclable nature. This is because of the high demand for sustainable beauty products in Europe. Furthermore, they can be made into any color and shape which is required in the cosmetic industry because attractive packaging is required for marketing and selling of the cosmetic products. All these factors are anticipated to boost the market growth.

Segments Overview:

The Europe PET Bottle market is segmented based on the form, color, resin type, technology, capacity (volume), application, and distribution channel.

By Form

Amorphous PET
Crystalline PET

The amorphous PET segment is expected be the fastest growing volume segment with a CAGR of 2.5% owing to its increasing usage in packaging of beverages and food items. Also, this type of PET offers high stiffness and strength, hence boosting the market growth.

By Color

Colored
Transparent

The colored segment is anticipated to hold the largest market share of around 58% owing to its increasing demand in the cosmetic industry. The transparent segment is also expected to grow significantly owing to its high usage in the bottled water industry.

By Resin Type

Virgin
Recycled

The recycled segment is estimated to cross a market volume of around 46 billion units by 2025 owing to growing adoption of recyclable bottles in across various industries due to high demand for sustainable materials.

By Technology

Extrusion Blow Molding
Injection Molding
Stretch Blow Molding
Thermoforming
Others

The extrusion blow molding segment is expected to hold the largest market share. This is because the technology is increasingly adopted as it is easy to use. The stretch blow molding segment is anticipated to grow at the fastest CAGR owing to its rising demand for production of bottled water and juices.

By Capacity (Volume)

Up to 500 ml
500 ml to 1000 ml
1000 ml to 2000 ml
More than 2000 ml

The up to 500 ml segment is estimated to surpass a market volume of 31.2 billion units by 2026 owing to its high demand in the personal care and beverages industry. The more than 2000 ml segment is expected to witness a market volume CAGR of about 2.1%.

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By Application

Beverages
Packaged Water
Carbonated Soft Drinks
Food Bottles & Jars
Non-Food Bottles & Jars
Fruit Juice
Beer
Others
Personal Care
Body Lotions
Body Fragrance
Others
Consumer Goods
Pharmaceuticals
Others

The beverages segment is expected to account for the largest market share of around 70% owing to high demand for PET bottles in packaged water and juice industry. Within this segment, the packaged water segment is expected to witness a CAGR of 3.3%. Within the personal care segment, the body fragrance segment is anticipated to surpass a market volume size of around 1.4 billion units by 2027.

By Distribution Channel

Business to Business
Retail
Supermarkets and Hypermarkets
Convenience Stores
Online
Others

The business to business segment is anticipated to hold the largest market share. The retail segment is expected to witness the fastest growth rate. The online and convenience stores segment is estimated to witness significant growth rates during the forecast period.

Regional Overview:

Based on region, the Europe PET Bottle market is divided into Western Europe and Eastern Europe.

The Western Europe region is anticipated to hold the largest market share owing to the presence of major market players in the region and presence of various manufacturing facilities in the region. The region is divided into the UK, Germany, France, Italy, Spain, and Rest of Western Europe. Italy is anticipated to cross a market volume size of 15.1 billion units by 2027. The Eastern Europe region is divided into Poland, Russia, and Rest of Eastern Europe. Russia is estimated to witness a CAGR of 2.2% over the forecast period.

Competitive Landscape:

Key players operating in the Europe PET Bottle market include Alpack Plastics, Alpha Packaging, Amcor Limited, BERICAP GmbH & Co. KG, Berry Global, Inc, CarbonLITE Industries, Clear Path Recycling, Constar Internationals, Inc., Container Corporation of Canada, Cospack America Corporation, Graham Packaging Company Inc., Indorama Ventures Public Company Limited, Krones Ag, Ontario Plastic Container Producers Ltd., PFR Nord GmbH, Phoenix Technologies, Plastipak Holdings, Inc., PolyQuest, Resilux NV, Rexam, Inc., Schoeller Group, and UltrePET, LLC, among others.

The cumulative market share of the 5 major players is close to 58%. These market players are involved in collaborations, mergers & acquisitions, and new product launches to strengthen their market presence. For instance, in April 2021, Alpha Packaging acquired Boxmore Plastics Limited, an Ireland based company. With this acquisition, the company strengthened its presence in the European market.

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The Europe PET Bottle market report provides insights on the below pointers:

Market Penetration: Provides comprehensive information on the market offered by the prominent players
Market Development: The report offers detailed information about lucrative emerging markets and analyzes penetration across mature segments of the markets
Market Diversification: Provides in-depth information about untapped geographies, recent developments, and investments
Competitive Landscape Assessment: Mergers & acquisitions, certifications, product launches in the Europe PET Bottle market have been provided in this research report. In addition, the report also emphasizes the SWOT analysis of the leading players.
Product Development & Innovation: The report provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

About Astute Analytica:

Astute Analytica is a global analytics and advisory company that has built a solid reputation in a short period, thanks to the tangible outcomes we have delivered to our clients. We pride ourselves in generating unparalleled, in-depth, and uncannily accurate estimates and projections for our very demanding clients spread across different verticals. We have a long list of satisfied and repeat clients from a wide spectrum including technology, healthcare, chemicals, semiconductors, FMCG, and many more. These happy customers come to us from all across the globe.

They are able to make well-calibrated decisions and leverage highly lucrative opportunities while surmounting the fierce challenges all because we analyze for them the complex business environment, segment-wise existing and emerging possibilities, technology formations, growth estimates, and even the strategic choices available. In short, a complete package. All this is possible because we have a highly qualified, competent, and experienced team of professionals comprising business analysts, economists, consultants, and technology experts. In our list of priorities, you-our patron-come at the top. You can be sure of the best cost-effective, value-added package from us, should you decide to engage with us.

Get in touch with us:

Phone number: +18884296757

Email: sales@astuteanalytica.com

Visit our website: https://www.astuteanalytica.com/

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