According to the Astute Analytica study on the global Europe PET Bottle Market, the size of the market will increase from USD 9,067.7 Million in 2021 to USD 10,630.9 Million by the year 2027, registering a remarkable compound annual growth rate (CAGR) of 2.7% from 2022 to 2027.
The report’s segmentation section focuses on each category while also identifying those with the greatest influence on the Europe PET Bottle Market. The segmentation provided the framework for locating businesses and assessing their financial health, product portfolios, and potential for future growth. In order to forecast the level of competition, the second step involved analyzing the core competencies and market shares of leading companies. To determine the size of the market as a whole, a bottom-up approach was adopted.
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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.
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