Plastic Bottles Market Size, Share, Growth Analysis, By Material(Polyethylene Terephthalate (PET), Polypropylene (PP), Low-Density Polyethylene (LDPE), High-Density Polyethylene (HDPE)), By Capacity(Less than 250 ml, 250 ml to 500 ml, and more than 500 ml), By End-use(Beverage, Food, Cosmetics, Pharmaceutical), By Container Type(Bottles & jars, pails, tubs, cups & bowls), By Region - Industry Forecast 2024-2031

Plastic Bottles Market size was valued at USD 63.83 billion in 2022 and is estimated to grow from USD 67.34 billion in 2023 to USD 103.35 billion by 2031, at a CAGR of 5.5% during the forecast period (2024-2031).

The nature of competition for the plastic bottles market is fragmented on account of the presence of multiple players. Innovative packaging methods adopted by some players may help them gain a significant position in the overall market competition. Besides this, some other players are making heavy investments on food-grade recycled PET bottles so as to maintain environmental norms and standards imposed by various governments. 'Amcor plc', 'Berry Global, Inc.', 'Gerresheimer AG', 'Silgan Holdings Inc.', 'Alpha Packaging', 'Plastipak Holdings, Inc.', 'CKS Packaging, Inc.', 'RESILUX NV', 'RPC Group Plc', 'AptarGroup, Inc.', 'Alpla Holding GmbH', 'Sidel Group', 'Intrapac International Corporation', 'Comar, LLC', 'M&H Plastics', 'Pretium Packaging', 'O.Berk Company, LLC', 'Aaron Packaging, Inc.', 'Tim Plastics, Inc.', 'Midwest Bottles LLC', 'In December 2023, GC banded together with I.P. ONE to launch the "Vixol: Transformative Innovation for a Sustainable World" campaign, denoting the first occurrence in Thailand of reused colored plastic bottles.', 'In November 2023, the brand Air Up® presented another line of reusable bottles for the European market, made from Eastman Tritan™ Renew. This drive further advances Air Up®'s main goal to reduce single-use plastic waste.', 'In October 2023, Coca-Cola India presented 100 percent reused PET containers for small packs.', ' '

The producers of the plastic bottles market employ cutting-edge techniques to recycle plastics in a way that lessens the environmental impact of carbon emissions. When a specific amount of plastic is recycled, energy is saved to the point where it could virtually charge a Tesla battery more than one hundred times. A great potential for a clean environment is that it also aids in minimising pollution.

On account of the continuous demand for bottled water and non-alcoholic beverages, the market for plastic bottles in the beverage industry is expected to expand significantly during the forecast period. The demand for bottled water is attributed to customers' predisposition to particularly seek high-quality drinking water, due to the fear of diseases as a result of drinking polluted tap water and the ease of portability and convenience afforded by bottled water. In addition to businesses that offer other beverages, retailers also sell bottled water in both emerging and well-established nations. For instance, according to the International Bottled Water Association (IBWA), Americans prefer bottled water to other packaged drinks. The alcoholic beverage industry is also projected to help the plastic bottle market. In the recent past, the wine industry has been gradually moving into plastic bottles. For example, according to EnVino, a company that produces plastic wine bottles in Burlingame, California, the containers weigh about one-eighth as much as a typical glass wine bottle and take up 20% less space. This allows winemakers to ship 30% more wine per truck while using less fuel. ​ Such efforts by market players in collaboration with end-user industries is likely to bode well for the overall revenue generation rate for the plastic bottles market in the long run.

Due to the significant presence of numerous end-use vertical industries in the plastic bottles market, North America emerged dominant. According to a regional study, North America is anticipated to hold the largest market share for recycled plastic bottles worldwide. PET bottles have never been in such high demand. Due to the rising environmental awareness, this region dominates the recycling business. In a country-wide preview, the developing nations are in more demand. The PET bottle recycling process is accelerating in several parts of the US. The usage of plastic bottles is widespread and in high demand across a wide range of industries, including pharmaceuticals, energy drinks, other liquids, and other packaging goods.