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Grab-and-Go Bottles Market Projected to Reach USD 122.55 Billion by 2031 at a CAGR of 5.1%

06-04-2024 06:18 PM CET | Consumer Goods & Retail

Press release from: SNS Insider Pvt Ltd

Grab-and-Go Bottles Market

Grab-and-Go Bottles Market

"According to the SNS Insider report, the Grab-and-Go Bottle Market Growth was worth 82.32 billion USD in 2023 and predicted this market to balloon to USD 122.55 billion by 2031"

A growing number of health-conscious consumers 72% are ditching single-use plastics, pushing manufacturers to innovate.
Europe, a champion for eco-friendly solutions, reflects this trend. Here, the market for reusable Grab-and-Go Bottles is flourishing, particularly in Germany and the UK, where regulations on plastic use are stricter. This environmental push extends beyond borders. The booming popularity of bottled water as a healthier alternative to sugary drinks consumption is projected to rise by 5% annually is driving demand for reusable options globally.

While plastic dominates at over 60% market share due to affordability and functionality, a 2023 study by SNS Insider reveals 62% of consumers prioritize sustainability.
This green shift is challenged by stringent regulations on plastic use. Europe, a leader in eco-friendly solutions, exemplifies this tension. Their significant market share reflects a growing adoption of sustainable packaging, but navigating these complexities can be expensive. Additionally, the market hinges on specific consumer behaviors. A recent study showed a 46% decline in demand for on-the-go bottled water due to a remote workforce.

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Major Players Listed in this Report are:
- Nampak Limited
- Amcor Plc
- Gerresheimer AG
- Ardagh Group S.A
- Graham Packaging Company, Inc
- ALPLA Werke Alwin Lehner GmbH & Co KG
- Owens-Illinois, Inc
- Vidrala SA
- Berry Global Group, Inc
- KanPak LLC

A 2023 study by Purdue University found that over 60% of reusable water bottles harbor bacteria exceeding safe levels.
This presents an opportunity for Grab-and-Go bottles that integrate Ultraviolet (UV-C) light technology or antimicrobial materials. Research by a leading bottle manufacturer in 2022 indicated that 42% of consumers would pay a 10-15% premium for a bottle with built-in sanitization. Furthermore, a 2024 survey by a SNS Insider revealed that 78% of gym goers and 65% of office workers expressed interest in a Grab-and-Go bottle that actively combats germs.

Plastic sub-segment dominates, holding over 60% of the market share.
This dominance stems from its affordability, lightweight design, and versatility. Advancements in plastic recycling are further boosting its appeal. However, glass presents a strong alternative, particularly for beverages, capturing a share around 20%. Glass offers a premium aesthetic and superior heat and cold retention, making it ideal for products like craft beers and kombucha. Capacity also plays a crucial role. The sub-250 ml segment thrives due to its suitability for single-serving beverages and portion-controlled food items like yogurt and condiments.

Grab-and-Go Bottles Market Key Segments:
By Material Type
- Plastic
- Polyethylene (PE)
- PET
- Polypropylene (PP)
- 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
- Cosmetics & Personal Care
- Others

In Latin America, rising disposable incomes and an expanding middle class are creating a demand for convenient and healthy beverage options.
This is reflected in a projected growth of 7.2% for the Grab-and-Go Bottles market in Brazil, a key regional player. Similarly, Asia Pacific is witnessing a boom, driven by urbanization and a youthful population with active lifestyles. China, for instance, is expected to see a significant increase in the consumption of on-the-go beverages, with a specific focus on functional drinks packaged in Grab-and-Go Bottles. This trend is likely to be mirrored in other Southeast Asian countries with similar demographics. Interestingly, sustainability concerns are shaping consumer preferences in these regions.

Do you have any specific queries or need any customization research on Grab-and-Go Bottles Market, Enquire Now@ https://www.snsinsider.com/enquiry/4250

Recent Developments:
Amcor, recently announced a new line of bio-based grab-and-go bottles derived from sugarcane. This caters to the 62% of global consumers prioritizing sustainable options according to a 2023 SNS Insider study.
Companies like Berry Global are investing in aseptic filling technology, which extends shelf life without refrigeration. This is particularly significant in Europe, where carbonated beverage consumption is high (over 80 liters per capita annually).

Key Takeaways:
Stringent regulations on plastic use, particularly in Europe, are pushing manufacturers to innovate. This has led to a significant market share for Europe, especially in countries like Germany and the UK, where consumers readily embrace sustainable packaging solutions.
Interestingly, the on-the-go food culture in the US continues to promote their lead in the North American market.
While the future holds promise with a projected growth rate of around 5%, the Grab-and-Go Bottles market must navigate the complex terrain of balancing affordability and functionality with eco-friendly solutions.

Table of Contents - Key Points
1.Introduction
2.Research Methodology
3.Market Dynamics
4.Impact Analysis
5.Value Chain Analysis
6.Porter's 5 forces model
7.PEST Analysis
8.Grab-and-Go Bottles Market Segmentation, By Material Type
9. Grab-and-Go Bottles Market Segmentation, By Capacity
10.Grab-and-Go Bottles Market Segmentation, By End Use
11.Regional Analysis
12.Company Profiles
13.Competitive Landscape
14.Conclusion
Continue....

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Contact Us:
Akash Anand - Head of Business Development & Strategy
info@snsinsider.com
Phone: +1-415-230-0044 (US)

About Us:
SNS Insider is one of the leading market research and consulting agencies that dominates the market research industry globally. Our company's aim is to give clients the knowledge they require in order to function in changing circumstances. In order to give you current, accurate market data, consumer insights, and opinions so that you can make decisions with confidence, we employ a variety of techniques, including surveys, video talks, and focus groups around the world.

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