Europe PET Bottle Market 2022 Major Company Strategies and Emerging Trends by 2030 – Big Apple Buckets

The recent research report published by Report Ocean provides insight into the European PET bottle Market. According to this published competitive intelligence analysis, the global market European PET bottle The market is predicted to witness a promising rise in annual revenue (USD in Mn) in 2021. A comprehensive overview and insights into possible future scenarios for the global market are provided in this study.

The report provides an in-depth study of this market, considering current events, trend projections, planned company openings, and data-driven forecast (2022-2030). This research offers a more comprehensive perspective of market dynamics by focusing on product and geographic interpretations. In addition to examining the importance of this area, the study supports market expectations.

Important data on the current and forecasted revenue of the major international players in the industry, as well as the goods they provide under the European PET bottle landscape, will also be included in our in-depth analysis. The report provides an easy-to-understand breakdown of competitive frameworks such as Porter’s Five Forces analysis, SWOT analysis, and PESTLE analysis to provide a deeper understanding of the many aspects that support the research findings.

The in-depth analysis of this detailed report will provide supply, demand and production data for all facets of the industry. This global report on European PET bottle includes regions such as Asia-Pacific, Europe, Middle East, Africa, North America and South America.

Europe PET Bottle Market held a market value of USD 8,835.4 Million in 2020 and is projected to reach USD 10,630.9 Million by 2027. The market is expected to register a CAGR of 2.7% during the period projected. The market experienced a volume of approximately 136.4 billion units.

PET bottles are bottles made of polyethylene terephthalate, which is a type of polyester. The market is expected to be boosted owing to the growing demand from the bottled water industry and the cosmetics industry. Additionally, the growing trend of westernization and changing consumer habits in food and beverages is also expected to fuel the market growth.

However, environmental concerns regarding the use of plastics are expected to restrain the market growth. Fluctuations in raw material prices coupled with lack of efficient infrastructure for recycling are also estimated to negatively impact the growth of the market.

Growth Influencers:
Increase in demand from the bottled water industry
The demand for PET bottles in the bottled water industry is increasing due to the various advantages of polyethylene terephthalate. These advantages include high durability and resistance to breakage compared to other materials. Additionally, PET is highly flexible and can be molded into any shape and color, which is also driving the market growth. All these benefits are expected to boost the market growth.
Growing demand from the cosmetics industry

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The demand for PET bottles is increasing in the cosmetics industry mainly due to their recyclable nature. This is due to the high demand for sustainable beauty products in Europe. Moreover, they can be manufactured in any color and shape required in the cosmetics industry as attractive packaging is required for the marketing and sale of cosmetic products. All these factors are expected to boost the market growth.

Presentation of the segments:
The European PET bottle market is segmented on the basis of shape, color, resin type, technology, capacity (volume), application and distribution channel.

By form,
amorphous PET
Crystalline PET
The amorphous PET segment is expected to be the fastest growing volume segment with a CAGR of 2.5% due to its growing use in beverage and food packaging. Additionally, this type of PET offers high stiffness and strength, thereby driving the growth of the market.

By Color,
Colored
Transparent
The colored segment is expected to hold the largest market share of around 58% due to its growing demand in the cosmetics industry. The transparent segment is also expected to witness significant growth due to its high usage in the bottled water industry.

By type of resin,
Virgin
recycled
The recycled segment is estimated to cover a market volume of around 46 billion units by 2025 owing to the growing adoption of recyclable bottles in various industries owing to the high demand for sustainable materials.

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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. Indeed, the technology is increasingly adopted because it is easy to use. The stretch blow molding segment is expected to grow at the fastest CAGR owing to its growing demand for the production of bottled water and juice.

By Capacity (Volume),
Up to 500ml
500ml to 1000ml
1000ml to 2000ml
More than 2000ml
The up to 500ml segment is estimated to exceed a market volume of 31.2 billion units by 2026 owing to its high demand in the personal care and beverage industry. The over 2000ml segment is expected to experience a market volume CAGR of approximately 2.1%.

By application,
Beverages
o Conditioned water
o Soft drinks
o Food bottles and jars
o Non-food bottles and jars
o Fruit juice
o Beer
o Others
Personal care
o Body lotions
o Body Perfume
o Others
Consumer goods
Medications
Others
The beverage segment is expected to account for the largest market share of around 70% owing to the high demand for PET bottles in the packaged water and juice industry. Within this segment, the packaged water segment is expected to experience a CAGR of 3.3%. In the personal care segment, the body fragrance segment is expected to exceed a market volume of approximately 1.4 billion units by 2027.

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By distribution channel,
Business to business
Detail
o Supermarkets and Hypermarkets
o Convenience stores
on line
o Others
The business-to-business segment is expected to hold the largest market share. The retail segment is expected to experience the fastest growth rate. The online store and convenience store segment is estimated to witness significant growth rates during the forecast period.

Regional overview

Based on region, the European PET bottle market is divided into Western Europe and Eastern Europe.
The Western Europe region is expected to hold the largest market share owing to the presence of major market players in the region and the presence of various manufacturing facilities in the region. The region is divided between the UK, Germany, France, Italy, Spain and the rest of Western Europe. Italy is expected to reach a market volume of 15.1 billion units by 2027. The Eastern Europe region is divided into Poland, Russia and the rest of Eastern Europe East. Russia is estimated to experience a CAGR of 2.2% during the forecast period.

Competitive landscape

Major players operating in 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 combined market share of the 5 major players is close to 58%. These market players are involved in collaborations, mergers and acquisitions, and new product launches to boost their presence in the market. For example, in April 2021, Alpha Packaging acquired Boxmore Plastics Limited, an Ireland-based company. With this acquisition, the company strengthens its presence in the European market.

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The European PET Bottles Market report provides information about the pointers below:

Market Penetration: Provides comprehensive market insights offered by major players
Market Development: The report offers detailed information on lucrative emerging markets and analyzes penetration in mature segments of the markets.
Market Diversification: Provides detailed information on untapped geographies, recent developments and investments
Competitive Landscape Assessment: Mergers and acquisitions, certifications, product launches in the European PET bottle market have been provided in this research report. In addition, the report also emphasizes on the SWOT analysis of key players.
Product Development and Innovation: The report provides smart insights into future technologies, R&D activities and breakthrough product developments

The European PET bottle market report answers questions like:

What is the market size and forecast of the European PET bottle market?
What are the inhibiting factors and impact of COVID-19 on the European PET Bottle Market over the assessment period?
What are the products/segments/applications/areas to invest in during the assessment period in Europe PET bottle market?
What is the competitive strategic window for opportunities in the Europe PET Bottles Market?
What are the technology trends and regulatory frameworks in the European PET bottle market?
What is the market share of the major players in the European PET bottle market?
What modes and strategic moves are considered favorable for entering the European PET bottle market?

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