Global PET Bottles Industry to Grow from USD 26.6 Billion to USD 35.7 Billion by 2032

The global PET bottles market (페트병 시장) was valued at US$ 26.6 billion in 2023. It is estimated to grow at a compound annual growth rate (CAGR) of 3.3% from 2024 to 2032, reaching US$ 35.7 billion by the end of 2032.

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Analyst Viewpoint

The increase in preference for packaged water and the rise in demand for single-serve beverages are key drivers of the PET bottles market. PET bottles are utilized in various end-use industries such as food & beverage, healthcare, personal care, and domestic cleaning due to their superior stiffness, which enhances longer shelf life and provides robust protection during storage and transportation.

Manufacturers are focusing on offering a wide portfolio of bio-based bottles to cater to environmentally conscious customers. They are also expanding their production capacities to include innovative and technologically advanced options by utilizing cutting-edge technologies.

Market Introduction

PET (polyethylene terephthalate) bottles are made of thermoplastic polymer resin, which is created by combining ethylene glycol and terephthalic acid. This polymer resin increases the strength and durability of plastic bottles, making them ideal for storing beverages like carbonated drinks and water.

PET bottles are used in various sectors such as food & beverage, healthcare, personal care, and household products due to their ability to mold into different shapes and sizes, lightweight nature, shatterproof, and break-resistant characteristics.

The growing utilization of PET bottles in the healthcare sector for packaging medications, vitamins, and other medical supplies is contributing to market growth. PET bottles are heat-resistant and chemical-resistant, making them suitable for packaging cleaning solutions such as bleach and detergents.

Market Drivers

Increase in Preference for Packaged Water

PET bottles are preferred by beverage manufacturers due to their superior stiffness, which contributes to longer shelf life, robust protective structure, and improved protection during storage and transportation. These bottles comply with all safety standards and regulations. The rise in concerns about potential health risks associated with contaminated or untreated water has led to an increased preference for packaged water. In 2022, U.S. bottled water sales volume reached approximately 15.9 billion gallons, the highest volume ever sold in the U.S.

Surge in Demand for Single-Serve Beverages

Single-serve packaging is a versatile option designed to securely hold single servings of any product within a sealed bottle. These bottles ensure the freshness and safety of enclosed beverages by shielding them from external elements. PET plastic bottles are easy to carry and can store various types of beverages and personal care products. The convenience of on-the-go consumption has driven the demand for single-serve packaged items. Single-serving bottles are designed to use minimal materials, contributing to sustainable packaging efforts and reducing shipping and handling expenses.

Regional Outlook

Leading Region: Asia Pacific

Asia Pacific held the largest share of the PET bottles market in 2023. The region's market dynamics are fueled by the rise in preference for packaged beverages and an increase in disposable income. Changes in lifestyle and growth in water safety concerns are also driving the market. PET bottles are popular among end-users due to their lightweight, cost-effective transportation, ease of use, recyclable nature, and minimal raw material loss. In 2020, Reliance Industry Limited's PET Division reported that India's PET bottle demand for FY 2018-2019 was 960 metric tons annually.

Major beverage manufacturers are making efforts to reduce plastic pollution. In 2023, Coca-Cola India announced the launch of Coca-Cola in recycled PET (rPET) in 250 ml and 750 ml pack sizes, following the introduction of a one-liter bottle made from 100% rPET for its Kinley brand.

Analysis of Key Players

Key players in the PET bottles market are offering a wide range of PET preforms for packaging, transporting, and storing beverages and other products.
Major companies include:

RETAL Industries Ltd.
Plastipak Holdings, Inc.
Resilux NV
ALPLA Werke Alwin Lehner GmbH & Co KG
Esterform Packaging Limited
Societe Generale Des Techniques (SGT)
Taiwan Hon Chuan Enterprises Co., Ltd.
PDG Plastiques S.A.S
Zhongfu Enterprise Co Ltd.
RAWASY AL KHALEEJ PLASTIC IND

Notable Developments

2023: Retal Czech started production of the monolayer preform 26/22 GME 30.37 at its Melnik facility, suited for the European markets for carbonated and non-carbonated beverages.
2023: Resilux partnered with Inex to launch the Rebirth series, a sustainable solution of white opaque milk bottles.

Market Segmentation

By Capacity

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

By Neck Type

ROPP/BPV
PCO/BPF
Alaska/Bericap/Obrist
Others

By End-user

Beverages
Food
Personal Care
Home Care
Pharmaceuticals
Others

Regions Covered

North America
Europe
Asia Pacific
Latin America
Middle East & Africa

Countries Covered

U.S.
Canada
Brazil
Mexico
Germany
Spain
Italy
France
U.K.
Benelux
Russia
China
India
ASEAN
Australia and New Zealand
Japan
North Africa
South Africa
GCC Countries

Market Snapshot

Market Size in 2023: US$ 26.6 Bn
Market Forecast (Value) in 2032: US$ 35.7 Bn
Growth Rate (CAGR): 3.3%
Forecast Period: 2024-2032

Quantitative Units: US$ Bn for Value and Thousand Units for Volume
Market Analysis: Segment analysis, regional level analysis, qualitative analysis including drivers, restraints, opportunities, key trends, Porter's Five Forces Analysis, value chain analysis, and key trend analysis.
Competition Landscape: Market share analysis by company (2023), company profiles, product portfolio, sales footprint, key subsidiaries or distributors, strategy and recent developments, and key financials.
Format: Electronic (PDF) + Excel

The PET bottles market (Marché des bouteilles PET) is poised for steady growth, driven by increased consumer preference for packaged water, rising demand for single-serve beverages, and ongoing innovations in sustainable packaging solutions.

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