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The Latin America market size for PET Bottles reached a value of more than USD 2.18 billion in 2023. The Latin America PET bottles market is expected to grow at a CAGR of 4.7% between 2024 and 2032, reaching a projected value of USD 3.30 billion by 2032.
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In August 2023, Berry Global Inc. launched some of its most popular and top-selling thermoformed as well as injection stretch blow moulded food packs manufactured in recycled PET (rPET). One of PET’s foremost advantages is that the material is recyclable. Further, the production of containers in rPET not only cuts down on the application of virgin materials but also offers a circular solution since the rPET container itself can also be recycled where systems are available.
In May 2023, Berry Global Inc. announced the capital investment in its global meltblown nonwoven fabric capacity for South America. This investment further strengthens the company’s global reach as well as its position as a leading nonwoven producer. This line is Berry’s first meltblown asset, based on its Meltex™ technology, in South America and is designed to support the demand for health and wellness products, as well as the overall Latin America PET bottles market.
In January 2023, Plastipak, a global leader in the design, manufacture, and recycling of plastic containers completed a major investment to significantly develop its PET recycling capacity at its manufacturing site in Bascharage, Luxembourg. Such latest investments to enhance the capacity in rPET production actively demonstrate Plastipak’s long-term commitment towards bottle-to-bottle recycling and its leadership in the PET circular economy.
In June 2021, Plastipak a leading rigid plastic packaging recycler and producer, teamed up with anaerobic digestion operator BioteCH4 to provide a low-carbon solution to power its clean tech PET recycling plant.
PET is a strong, lightweight, and clear plastic that is broadly employed for packaging foods as well as various beverages, particularly convenient-sized juices, soft drinks, and water. PET bottles are manufactured from polyethylene terephthalate which is a plastic resin along with a type of polyester created by blending two monomers, namely modified ethylene glycol and purified terephthalic acid.
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Based on technology, the Latin America PET bottles market can be segmented into stretch blow moulding, injection moulding, extrusion blow moulding, and thermoforming, among others. Based on the application it can be categorised into beverages, food, personal care, household care, and pharmaceuticals, among others. The regional markets for the PET bottles market can be divided into Brazil, Argentina, Mexico, and others.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the Latin America PET bottles market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.
Blow moulding is a significant industrial process for making one-piece hollow plastic parts thar are surrounded by thin walls, such as plastic soda bottles, water cans, and shampoo bottles, among others. Based on the technology, the rising demand for lightweight packaging is driving the stretch blow moulding segment growth in the PET bottles market. The extensive usage of stretch blow moulding in manufacturing products from small to high capacities is likely to support the growth of the Latin America PET bottles market.
Stretch blow moulding technology aids in producing high-quality bottles that are employed in various industries like personal care, and food and beverage, among others which further attract manufacturers. This has led to a high demand for stretch blow moulding.
Meanwhile, the extrusion blow moulding segment is likely to witness significant growth in the Latin America PET bottles market as this technology supports a multi-layer capability along with lower mould costs compared to injection blow moulding, and also facilitates the capability of forming handles.
PET is exceptionally lightweight, recyclable, adaptable, sustainable, and has several design options, unlike glass, making it the preferred packaging material for various beverage enterprises. With an increase in the application of PET bottles across various industries, the beverage segment is augmenting considerable growth in the PET bottles market share.
Due to the benefits of PET bottles, their production at a lower cost, transportation with less energy, safety, and convenience, the demand for PET bottles is holding considerable growth in the Latin America PET bottles market. This is further encouraging the demand for PET bottles in the alcoholic beverage industry.
Geographically, Mexico is anticipated to register significant growth in the Latin America PET bottles market. Mexico produces a substantial amount of plastic waste materials such as polyethylene terephthalate, polyethylene, polypropylene, polyvinyl chloride, and polystyrene, among others. Mexico imports plastic waste from the United States despite being an exporter of plastic waste. This has further grown since China banned 24 types of solid waste in 2017.
Furthermore, Mexican recyclers have developed their recycling capacities to process other types of plastic waste as well. Such aspects had made the manufacturing of plastic containers for various applications such as beverages, very cheap. This is expected to lead to the institution of one of the most vibrant bottling industries across the region. It will likely be pushed forward by the high domestic usage of beverages in countries like Argentina and Chile, among others, that continuously rank among the top consumers of carbonated soft drinks globally.
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Amcor plc is a leader in the Latin America PET bottles market, producing and developing responsible packaging for beverage, food, medical, home, personal care, and pharmaceutical end-users, among others. The company deals in finishing and print technologies for flexible packaging that separates brands on the shelf. It offers an improved brand experience to consumers during the purchase and within the home.
Berry Global, Inc. is a company that produces innovative packaging along with engineered products. The company aims to market protective and packaging solutions that meet performance needs, environmental impact targets, as well as aesthetic requirements. It commits to aiding every consumer in making leaps in their sustainability goals along with resolving whatever challenges an individual’s business faces.
Graham Packaging Company is a global leading company that offers stability, innovation, and customisable services that attract Fortune 500 firms along with small independent businesses. Whether an individual chooses to generate new, sustainable packaging options or discover options from drop-in catalogue bottles, it helps to find the right solutions including lightweight, barrier technologies, and thermosets, among others.
Maxipet S.A de C.V. is a Mexican producer of PET bottles as well as containers, and injection caps for various industries like pharmaceuticals, agrochemicals, cosmetics, industrial chemistry, and natural products. It has a strong presence in Mexico as well as Central America. The company aims to be a leader in the marketing and manufacturing of plastic containers and products.
Plastipak Holdings, Inc. is a global leading company in the recycling and packaging industries. The company operates in more than 50 sites across the globe with innovation as a key driver. Its purpose is to create products that inspire choice, offer value, and are sustainably balanced for customers as it put consumers first, always.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Technology |
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Breakup by Application |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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In 2023, the Latin America PET bottles market attained a value of nearly USD 2.18 billion.
The market is assessed to grow at a CAGR of 4.7% between 2024 and 2032.
The market is estimated to witness healthy growth in the forecast period of 2024-2032 to reach almost USD 3.30 billion by 2032.
The major market drivers are the increasing number of research and development initiatives to develop sustainable packaging by companies and surging industrialisation.
The key trends in the Latin America PET bottles market include rapid growth in technology along with growing awareness regarding the environment conservation and increasing disposable income.
The major countries in the market are Brazil, Argentina, and Mexico, among others.
The various technologies of the PET bottles market include stretch blow moulding, injection moulding, extrusion blow moulding, and thermoforming, among others.
The various applications of the PET bottles market include beverages, food, personal care, household care, and pharmaceuticals, among others.
The major players in the market are Amcor plc, Berry Global Inc., Graham Packaging Company, Maxipet S.A de C.V., and Plastipak Holdings, Inc., among others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124
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