Rapid Surge Projected in Grab and Go Bottles Market: Anticipated CAGR of 5% to Drive Valuation to $133.7 Billion by 2033

The grab-and-go bottles market is poised for a steady growth trajectory, projected to achieve a Compound Annual Growth Rate (CAGR) of 5% from 2023 to 2033. The market's valuation, estimated at US$ 82.1 billion in 2023, is anticipated to surge to US$ 133.7 billion by 2033. This follows the market's expansion from US$ 78.2 billion in 2022.

Innovative packaging technologies like aseptic processes are being embraced by grab and go bottle manufacturers to enhance product safety and reduce external contamination risks. This facilitates the development of ready-to-drink products, catering to consumers' convenience. The market is witnessing a significant trend towards single-serve containers, a preference that is contributing to the global growth of grab and go bottles.

Notably, product design plays a pivotal role in driving sales, particularly in the food and beverage packaging sector. As PET bottles remain recyclable and lightweight, their continued preference among manufacturers is expected. Additionally, the rising demand for grab and go bottles in emerging economies of Latin America and the Middle East & Africa presents lucrative growth opportunities.

With regulations increasingly emphasizing recyclability and sustainability, manufacturers are compelled to prioritize eco-friendly options, leading to a broader portfolio of environmentally conscious grab and go bottles. This strategic shift is anticipated to propel market expansion in the foreseeable future.

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Hence, increasing consumption of soft drinks, juices, and others and growing availability of aforementioned beverages in supermarkets, convenience stores, and many retail outlets are creating high revenue generation opportunities in the market.

With rising concern regarding the environment, leading beverage manufacturers are aiming at introducing sustainable liquid packaging solutions. For instance, Coca-Cola Co. announced launching sustainable grab and go bottles made of 100% recycled polyethylene terephthalate (PET) for its soft drink in February 2021.

A multiplicity of new products launches is expected to aid the market. Against this backdrop, the global grab and go bottles market is set to register 4.4% year-on-year growth between 2020 and 2021.

Based on material type, plastic is anticipated to remain the most preferred material in the market, accounting for nearly 3/4th of the sales in 2021. Attributes favoring the growth in the segment are low cost, lightweight, high durability, and versatility as compared to glass bottles.

"Growing preference of personal care and cosmetic product manufacturers towards adopting sustainable grab and go packaging solutions for serums, liquid foundations, body lotions, shampoos, and others is accelerating the growth in the market," says a FMI analyst.

Key Takeaways from Grab and Go Bottles Market Study

-The U.S. is forecast to dominate the market in North America, owing to the increasing consumption of ready-to-drink beverages in the country.
-Europe is anticipated to account for around 32.5% of overall sales in 2021, favored by the growing adoption of sustainable packaging solutions in the U.K. and Germany.
-China is projected to emerge as the most lucrative grab and go bottles market, exhibiting sales at 5.6% CAGR between 2021 and 2031.
-In terms of capacity, up to 250 ml bottle capacity segment is estimated to register swift growth, gaining around 150 BPS of the current market share through 2031.
-On the basis of end use, the beverage segment is expected to account for the largest share, expanding at 5.1% CAGR over the assessment period.

Key Drivers

Increasing consumption of bottled water as an alternative to tap water, owing to the rising prevalence of water-borne diseases due to consumption of contaminated water is propelling the demand for grab and go bottles.
Rising trend of single households across the U.S., Japan, China, Germany, and others is fueling the demand for ready-to-eat food and beverages, which is in turn, boosting the sales of grab and go bottles.

Key Restraints

High cost, less durability, and low shock withstanding characteristics of glass compared to plastic are hindering the sales of grab and go bottles across the glass segment.

Competitive Landscape

Top five companies operating in the global grab and go bottles market are Amcor Plc., Nampak Limited, Ardagh Group S.A., Owens-Illinois, Inc., and Graham Packaging Company, Inc. These players are anticipated to collectively to hold around 10% to 15% of the sales in 2021, as per FMI.

Prominent manufacturers are emphasizing on increasing their production capacity to meet the growing demand for bottles among various end use industries. Moreover, some of the companies are aiming at collaboration, zero waste packaging, to meet the sustainability goals and strengthen their gobal foot print. For instance,

In October 2021, Alianza Team a high food-tech solutions provider, announced entering into a collaboration with a leading packaging company Amcor plc to launch a sustainable cooking oil bottle made 100% recycled content in Columbia. The product launch will assist companies to strengthen its sustainable packaging portfolio.

In January 2021, Amcor plc announced introducing its single-serve plastic bottles equipped with advanced barrier technology for dairy products to keep the content fresh for up to 90 days, protect the product from harmful ultraviolet (UV) rays, and maintain its original flavors.

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More Valuable Insights on Grab and Go Bottles Market

The latest report by FMI provides a detailed analysis of the global grab and go bottles market, providing credible insights into key factor driving the market through 2021 and beyond. The study also disclosed growth projections on in grab and go bottles market with detailed segmentation:

By Material Type:

·  Plastic
o  Polyethylene (PE)
o  PET
o  Polypropylene (PP)
o  Others
·  Glass

By Capacity:

Up to 250 ml
251-500 ml
501-1000 ml
Above 1000 ml

By End Use:

Food
Sauces & Condiments
Soups & Syrups
Dairy Products
Others
Beverages
Alcoholic
Non-alcoholic
Tea & Coffee
Juices
Soft Drinks
Bottled Water
Others
Cosmetics & Personal Care
Others

By Region:

North America
Latin America
Europe
South Asia
East Asia
Oceania
Middle East and Africa

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About Future Market Insights, Inc.
Future Market Insights, Inc. (ESOMAR certified, Stevie Award - recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10 years.

This release was published on openPR.