Europe PET Bottles Market Size and Industry Growth
The ‘Europe PET Bottles Market Analysis, Share, Size, Scope, Report and Forecast 2023-2028’ by Expert Market Research, gives an extensive outlook of the Europe PET bottles market, assessing the market on the basis of its segments like technology, application, and country.
The report studies the latest updates in the market, along with their impact across the market. It also analyses the market demand, together with its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter’s Five Forces Models.
Europe PET Bottles Market Share, Size, Trends, Industry Report, Key Player, Major Segments, and Forecast
The key highlights of the report include:
Market Overview (2018-2028)
- Forecast CAGR (2023-2028): 4.4%
Surging industrialisation and technological advancements have improved the market outlook for PET bottles. The Europe PET bottles market is being driven by its wide range of end users like the packaged food and beverages industry, cosmetics and personal care industry, and pharmaceutical industry.
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Owing to its durable and breakage-resistant nature, PET bottles are looked upon as a better alternative of plastic and thus, are gaining wide acceptance. The demand for transparent PET bottles in Europe is particularly on a rise due to its surging usage in the bottled water market.
The strong network of manufacturing units with reliable logistics all over Europe, ensures a strong supply chain and fuels the growth of the Europe PET bottles market. The incorporation of aseptic filling, hot filling and cool filling in this market adds to the shelf life of the products and thus, is expected to be a compelling factor for the expansion of this market. The low cost of shipping coupled with the minimal storage facilities required, further impact this market positively. The strong resistance of PET to react chemically makes its suitable for packaging of consumables, which is contributing to the rise in the demand for PET for packaging of edibles.
Europe PET Bottles Industry Definition and Major Segments
PET refers to polyethene terephthalate which is a lightweight, strong, and 100% recyclable plastic. It is widely used to make packaging containers used for storing beverages, oils, pharmaceuticals, shampoos, and many other consumer products. Owing to their flexibility, PET bottles can be moulded into any shape, thus boosting the aesthetic appeal, practicality, and applications of the bottles.
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On the basis of technology, the market is segmented into:
- Stretch Blow Moulding
- Injection Moulding
- Extrusion Blow Moulding
Based on application, the market is classified into:
- Breakup by type
- Packaged Water
- Carbonated Soft Drinks
- Fruit Juice
- Alcoholic Beverages
- Personal Care
- Household care
On the basis of country, the market is differentiated into:
- United Kingdom
Europe PET Bottles Market Trends
The increasing inclination of the European population towards modernisation and their surging demand for cosmetics has surged the demand for PET bottles in Europe. The rapidly increasing urbanisation as well as the rising disposable income of the population are the key trends observed in the market that regulate the demand for PET bottles, thus bolstering the Europe PET bottles market. Furthermore, the growing working population with hectic lifestyles is encouraging people to opt for ready-to-go drinks, accelerating the demand for PET bottles.
Having smaller carbon footprints than its alternatives, PET bottles are increasingly being used by the population of Europe in order to reduce toxic emissions and promote sustainability. Adding to this, PET bottles use significantly less energy and natural resources like water and fossil fuels during its manufacturing process, which is why the Europe PET bottles market is anticipated to flourish in the near future.
The discarded PET bottles, unlike plastics, can be recycled and reused to make a variety of items like carpet fibres and fleecy jackets, which is encouraging people to switch to PET bottles and adding to the growth of this market. The rising popularity of sports drinks and the adoption of nutritional supplements by the growing population is generating a huge demand for PET bottles and is contributing to the growth of the Europe PET bottles market.
Key Market Players
The major players in the Europe PET bottles market report are :
- Amcor plc
- Berry Global Inc.
- ACTI PACK S.A.S.
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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