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The North America PET bottles market size reached a value of USD 7.54 billionâ¯inâ¯2021. During the forecast period of 2023 and 2028, the market is expected to grow at a CAGR of 4.3% to reach a value of around USD 9.71 billionâ¯byâ¯2027.
In January, 2022, Plastipak, a leader in the design, production, and recycling of plastic containers, finished a huge investment to greatly increase its PET recycling capacity at its manufacturing facility in Bascharage, Luxembourg. This new addition will raise the yearly output capacity by 136% at the Luxembourg plant's initial PET recycling factory, which debuted in 2008. The recycling operation produces food-grade recycled PET (rPET) pellets by washing rPET flakes made from post-consumer bottles at the same location as Plastipak's premier preform and container production facilities.
In September 2021, Unicep Packaging, a producer of packaging for liquid products and health care items, was purchased by Silgan Holdings Inc. This acquisition will help with the development, formulation, production, and sale of precision dosing dispensing packaging solutions, including diagnostic test components, oral care applications, and skincare products, specifically for the healthcare, diagnostics, animal health, personal care, and oral care markets. As a result, the increase in mergers, acquisitions, and capacity expansion due to the increased demand for PET bottles are one of the key North America PET bottles market trends.
In September 2021, Elif, a significant provider of eco-friendly flexible packaging to large international brand owners, was acquired by Huhtamaki. With this acquisition, they will be better positioned to provide goods to emerging countries and to grow their flexible PET container business. By 2030, Huhtamaki hopes to have made every one of its products recyclable, biodegradable, or reusable.
In July 2020, as part of its sustainability initiatives that are 100% recyclable, Nestle Waters North America (NWNA) launched three domestic still water brands in the United States: Ozarka, Deer Park, and Zephyrhills. The packaging for these brands is made entirely of recycled plastic (rPET). Nearly 60% of United States’ households will have access to NWNA's regionally distributed spring water brands that are in bottles manufactured completely of recycled plastic as a result of the company’s expansion of rPET. Many businesses involved in creating and innovating new recyclable PET bottles for packaged water in order to maintain environmental sustainability, are driving the North America PET bottles market demand.
In February 2020, Amcor presented its most recent and personalised designs at the Wine and Grape Symposium in California. The company also disclosed a partnership with British start-up Garçon Wines to bring their distinctive and environmentally-friendly flat wine bottles to the United States market. Through this partnership, Amcor will create flat wine bottles in the United States using PET plastic that has been post-consumer recycled (PCR).
PET bottles are frequently made using PET resins, driving the growth of the North America PET bottles market. PET or polyethylene terephthalate, is a thermoplastic polymer is a part of the polyester family and has a wide range of applications. Dimensional stability, tensile, thermal, and chemical qualities are just a few of the impressive characteristics that polyester resins have.
It is frequently used in the manufacture of plastic bottles since it is environment-friendly and can be recycled. PET bottles are typically utilised for the packaging of beverages and drinking water, but they are also utilised for the packaging of salad dressings, home cleaners, medications, dish detergents, and mouthwashes.
Based on technology, the market is divided into stretch blow moulding, extrusion blow moulding, injection moulding, and thermoforming, among others. The major applications of the market are beverages, food, personal care, household care, and pharmaceuticals, among others. Beverages are further sub-divided into packaged water, fruit juice, carbonated soft drinks, and alcoholic beverages. The major countries for PET bottles can be divided into United States and Canada.
The comprehensive EMR report offers a detailed analysis of the market based on a SWOT analysis and Porter's five forces model. The following top players in the North America PET bottles market are thoroughly analysed in the study, along with their competitive landscape and recent developments such as mergers, acquisitions, investments, and expansion plans.
With the rising demand for bottled water and various other types of non-alcoholic beverages, it is projected that the need for PET bottles in the beverage sector would increase. The growing demand for North America PET bottles market is attributed to three factors: customers' predisposition for high-quality drinking water; their concern of contracting diseases after drinking contaminated tap water; and the portability and convenience offered by the bottled water.
The desire for packaged drinking water among customers is driving the market for PET bottles, which offer ease of use, high shelf life, greater protection against deterioration agents and is less expensive than other packaging options. Categories such as carbonated soft drinks, juice drinks, dilutables, sports and energy drinks, and fruit juices, are driving the expansion of the soft drink market in North America, which is contributing to the growth of the North America PET bottles market share.
Modern retail establishments are quickly spreading across the United States, particularly in urban areas, which has had an indirect impact on the PET bottle business. Increased use of beverages in PET containers, such as soft drinks, is made possible by easy access to supermarkets and hypermarkets. This is aiding the North America PET bottles market. Additionally, as end users gain disposable income, their purchasing power for beverage items has increased, which will boost the region's sales of PET bottles.
Amcor plc is a leader in the development and production of sustainable packaging for a variety of products, including food, beverages, home and personal care items, pharmaceuticals, and medical devices. The company's main goal is to create packaging that is light, recyclable, reusable, and created with more and more recycled material.
Berry Global Inc. develops engineered products and innovative packaging with the goal of improving both human and environmental well-being. Every day, the business serves clients of all sizes across the world by utilising its unrivalled global capabilities, sustainability leadership, and deep innovation experience.
Graham Packaging Company is a market leader in the creation, production, and distribution of unique, sustainable, value-added containers for food, beverages, home goods, and automobiles. In order to suit the needs of today's consumers, the company works with some of the most well-known companies in the world to give them packaging that is secure, attractive, and convenient. This is aiding the North America PET bottles market share.
Loews Corporation is a diversified firm with operations in the packaging, energy, insurance, and tourism sectors. Altium Packaging, CNA Financial Corporation, Diamond Offshore Drilling, Loews Hotels, and Boardwalk Pipeline Partners are among the companies that control the majority of the company's stock.
Plastipak Holdings, Inc. is a global leader in the design and production of premium rigid plastic containers for the food, beverage, and consumer products sectors. With more than 1,500 patents for its cutting-edge packaging designs and manufacturing techniques, the company is also a market innovator in the packaging sector. Additionally, Plastipak licences other packaging technology internationally.
|Scope of the Report||
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|Breakup by Technology||
|Breakup by Application||
|Breakup by Region||
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Industry Opportunities and Challenges
8 North America PET Bottles Market Analysis
8.1 Key Industry Highlights
8.2 North America PET Bottles Historical Market (2018-2022)
8.3 North America PET Bottles Market Forecast (2023-2028)
8.4 North America PET Bottles Market by Technology
8.4.1 Stretch Blow Moulding
184.108.40.206 Market Share
220.127.116.11 Historical Trend (2018-2022)
18.104.22.168 Forecast Trend (2023-2028)
8.4.2 Injection Moulding
22.214.171.124 Market Share
126.96.36.199 Historical Trend (2018-2022)
188.8.131.52 Forecast Trend (2023-2028)
8.4.3 Extrusion Blow Moulding
184.108.40.206 Market Share
220.127.116.11 Historical Trend (2018-2022)
18.104.22.168 Forecast Trend (2023-2028)
22.214.171.124 Market Share
126.96.36.199 Historical Trend (2018-2022)
188.8.131.52 Forecast Trend (2023-2028)
8.5 North America PET Bottles Market by Application
184.108.40.206 Market Share
220.127.116.11 Historical Trend (2018-2022)
18.104.22.168 Forecast Trend (2023-2028)
22.214.171.124 Breakup by Type
126.96.36.199.1 Packaged Water
188.8.131.52.2 Carbonated Soft Drinks
184.108.40.206.3 Fruit Juice
220.127.116.11.4 Alcoholic Beverages
18.104.22.168 Market Share
22.214.171.124 Historical Trend (2018-2022)
126.96.36.199 Forecast Trend (2023-2028)
8.5.3 Personal Care
188.8.131.52 Market Share
184.108.40.206 Historical Trend (2018-2022)
220.127.116.11 Forecast Trend (2023-2028)
8.5.4 Household Care
18.104.22.168 Market Share
22.214.171.124 Historical Trend (2018-2022)
126.96.36.199 Forecast Trend (2023-2028)
188.8.131.52 Market Share
184.108.40.206 Historical Trend (2018-2022)
220.127.116.11 Forecast Trend (2023-2028)
8.6 North America PET Bottles Market by Country
8.6.1 Market Share
18.104.22.168 United States
9 Regional Analysis
9.1 United States
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
10 Market Dynamics
10.1 SWOT Analysis
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Competitive Landscape
12.1 Market Structure
12.2 Company Profiles
12.2.1 Amcor plc
22.214.171.124 Company Overview
126.96.36.199 Product Portfolio
188.8.131.52 Demographic Reach and Achievements
12.2.2 Berry Global Inc.
184.108.40.206 Company Overview
220.127.116.11 Product Portfolio
18.104.22.168 Demographic Reach and Achievements
12.2.3 Graham Packaging Company
22.214.171.124 Company Overview
126.96.36.199 Product Portfolio
188.8.131.52 Demographic Reach and Achievements
12.2.4 Loews Corporation
184.108.40.206 Company Overview
220.127.116.11 Product Portfolio
18.104.22.168 Demographic Reach and Achievements
12.2.5 Plastipak Holdings, Inc.
22.214.171.124 Company Overview
126.96.36.199 Product Portfolio
188.8.131.52 Demographic Reach and Achievements
13 Key Trends and Developments in the Market
List of Figures and Tables
1. North America PET Bottles Market: Key Industry Highlights, 2018 and 2028
2. North America PET Bottles Historical Market: Breakup by Technology (USD Billion), 2018-2022
3. North America PET Bottles Market Forecast: Breakup by Technology (USD Billion), 2023-2028
4. North America PET Bottles Historical Market: Breakup by Application USD Billion), 2018-2022
5. North America PET Bottles Market Forecast: Breakup by Application (USD Billion), 2023-2028
6. North America PET Bottles Historical Market: Breakup by Country (USD Billion), 2018-2022
7. North America PET Bottles Market Forecast: Breakup by Country (USD Billion), 2023-2028
8. North America PET Bottles Market Structure
In 2021, the PET bottles market in North America attained a value of nearly USD 7.54 billion.
The market is projected to grow at a CAGR of 4.3% between 2023 and 2028.
The market is estimated to witness a healthy growth in the forecast period of 2023-2028, to reach USD 9.71 billionby 2027.
The major drivers of the market include the growing modernisation, rising consumer disposable income, shifting dietary trends, innovative packaging, and growth of the soft drink market.
An increase in demand for PET bottles for the packaging of bottled water and juices, among others and rapid technological advancements are the key industry trends influencing the market.
The major countries in the PET bottles market are the United States and Canada.
Based on technology, the market is divided into stretch blow moulding, extrusion blow moulding, injection moulding, and thermoforming, among others.
The major applications of the market are beverages, food, personal care, household care, and pharmaceuticals, among others. Beverages are further sub-divided into packaged water, carbonated soft drinks, fruit juice, and alcoholic beverages.
The key players in the industry are Amcor plc, Berry Global Inc., Graham Packaging Company, Loews Corporation, and Plastipak Holdings, Inc., among others.
Plastic containers are frequently in the form of PET bottles. Some examples include packaging for frozen items along with soda bottles, bakery goods containers, peanut butter jars, and water bottles.
A polymer must decompose by more than 60 to 70 percent of the sample within 6 months in order to be deemed ‘biodegradable’. PET is not a biodegradable polymer because it cannot adhere to these standards, hence it fails under this category.
PET is a great option for a raw material in a variety of industries. It is a viable option for packaging consumable goods due to characteristics including its chemical resistance, strength-to-weight ratio, shatterproof capabilities, and inexpensive cost of production.
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