By 2022, the worldwide bottles market is predicted to reach a market valuation of US$ 108.0 billion, growing at a CAGR of 5.0 percent from 2022 to 2032. The Bottles Market business research appears to be extremely useful in determining overall market conditions and trends. It also forecasts the size of the potential market for a new product in the Bottles Market. To develop such a wonderful market research study for the firms, a panel of competent analysts, well-versed statisticians, knowledgeable research experts, eager forecasters, and smart economists work diligently.
The bottles industry is expected to reach US$ 108 billion in 2021, according to Future Market Insights (FMI). According to Geyer et alresearch, .’s the packaging industry produced 146 million tonnes of plastic and generated 141 million tonnes of garbage in 2015. The majority of the alternatives are either more expensive or incapable of replacing plastic in terms of functionality.
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The bottles market is projected to be significantly impacted by these developments. With the focus gradually turning away from plastic as the favoured material, several of the industry’s main businesses are focused on strategic partnerships to stay ahead of the curve.
For example, HP Inc recently bought a company that has developed a zero-plastic paper bottle. Paper bottles have also been commercialised in the past, as Chaayos has done. It will take time to replace plastic bottles with paper bottles, and until then, plastic will be the primary material used to make bottles.
According to FMI, the plastic segment accounted for 61% of the global bottle market in 2021. Meanwhile, demand for glass bottles will continue to climb. Glass bottles, despite its disadvantages of being heavy and breakable, are still the chosen choice for premium and high-quality items. Furthermore, the pharmaceutical business prefers it because of its chemical inertness, non-permeability, and sterility.
The Most Important Takeaways from the Bottles Market
- During the projected period, the plastic segment is expected to generate a US$ 40 billion incremental potential.
- By the end of 2021, the beverage industry will own 41% of the entire market share.
- During the forecast period, the India bottles market is expected to grow at a CAGR of 6.7 percent.
- Between 2022 and 2032, the China bottle market is estimated to grow at a CAGR of 6.4 percent.
Bottles that are both attractive and useful will steal the show in terms of cost and sustainability. As a result, bottle producers are focusing on design advancements to achieve a competitive advantage,” according to an FMI analyst.
Future Market Insights’ (FMI) detailed research of the Bottles industry gives in-depth insights into the governing variables driving market demand. Over the next ten years, it reveals prospects that will favour market expansion in several segments based on Material, Capacity, End Use, and Configuration.
In the beverage industry, demand for bottles is expected to increase.
The beverage sector is booming, especially in the aftermath of a pandemic. The introduction of direct to customer delivery and eCommerce platforms, which have alleviated logistical challenges, has fueled the industry’s expansion. In addition, technology is playing an increasingly important role in the beverage industry’s expansion. The larger the possibility for the bottle sector, the greater the sales of beverages. In 2021, the beverages category accounted for 41% of market share, and it is predicted to continue to be the prominent end user throughout the assessment period.
The bottle industry’s major players are concentrating on providing lighter-weight and environmentally friendly goods. As market players strive for a competitive edge, several mergers and acquisitions and developments are taking place in the business.
HP Inc bought Choose Packaging, a company that made zero-plastic paper bottles, in February 2022.
In 2019, PriestmanGoode developed innovative sustainable packaging for air travel to replace single-use plastics.
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Bottle Market by Category
By Material, Bottle Market is segmented as:
- Glass
- Plastic
- Metal
- Paper
By Capacity, Bottle Market is segmented as:
- Up to 200 ml
- 201-500 ml
- 501-1000 ml
- 1000ml & above
By End Use, Bottle Market is segmented as:
- Food
- Beverages
- Pharmaceuticals
- Personal care and cosmetics
- Home care
- Chemicals
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