Europe PET Bottle Market - Industry Dynamics, Market Size, And Opportunity Forecast To 2027

PET is the most recycled plastic packaging material in Europe. The Europe PET Bottle Market is estimated to witness a rise in its revenue from US$ 9,067.7 Mn in 2021 to US$ 10,630.9 Mn by 2027. The market is registering a CAGR of 2.7% over the forecast period 2022-2027. In terms of volume, the market is registering a CAGR of 1.8% during the projection period. PET (Polyethylene Terephthalate) was first developed for use in synthetic fibers by British Calico Printers in 1941. Although originally produced for fibers, PET began to be used for packaging films in the mid-1960s and then, in the early 1970s, the technique for blowing bi-axially oriented bottles was commercially developed. Since then, PET plastic bottle is the most widely used packaging material. PET is used in the packaging of carbonated drinks, medicine bottles, bottled water, cosmetics, nuts, candy, and other products. PET bottles are globally recognized as safe, non-toxic, strong, lightweight, flexible and 100% recyclable.

The market is majorly driven by factors such as increasing demand from bottled-water industry, rising demand from cosmetic industry, and altering food & beverage patterns of consumers. The rising demand for bottled water is credited to consumers' propensity for specifically demanding high-quality drinking water, the fear of diseases as an aftermath of drinking polluted tap water, and the ease of portability and convenience provided by bottled water. Further, the changing style of packaging, innovative package designs, and increasing demand for cosmetics due to the growing youth population are the factors responsible for the growth of PET bottle in cosmetic packaging industry. Moreover, the altering food and beverage patterns of consumers is propelling the market growth as due to hectic lifestyles consumers are opting for on-the-go beverages. PET bottles are safe for food and beverage and are extremely lightweight, simple to transport and are shatter resistant. On the other hand, the environmental concerns regarding the use of plastics are expected to hinder market growth over the forecast period. 

Key Insights of the Report: 

• Latest study published by Astute Analytica analyzes the Europe PET Bottle Market for the study period of 2017-2027; where historical years are 2017-2020, base year is 2021 and forecast period is 2022-2027.  
• The research report offers detailed study of market determinants including market drivers, restraints, opportunities, and trends; along with attractive presentation in the form of impact analysis to gain a simpler and easy comparison view of all market determinants.  
• The research study is a compilation of 13 chapters distributed across 211 pages with 25 list of tables and 44 list of figures.  
• The market is segmented based on form, color, resin type, technology, capacity, application, distribution channel, and country. 
• The market estimates are presented in terms of value (US$ Mn) and volume (Bn Units). 
• Along with market estimations, the market study was conducted on the basis of various economic models such as PESTLE and Porter’s five force models. 
• A detailed value chain analysis of the industry was conducted. It includes raw material providers, manufacturers, distributors, end users, and recycling. 
• The competitive dashboard section include analysis on the basis of Concentration Ratio (CR), based on market size and market presence of key companies.  

Key Takeaways from the Europe PET Bottle Market Report:

• Based on form, the crystalline PET holds the highest market share in 2021. However, the amorphous PET segment registers the highest CAGR over the forecast period. This is because amorphous PET are cost effective and biodegradable. Furthermore, growing utility of amorphous PET in food & beverage packaging industry on account of the unique physical properties such as lightweight and high-water resistance is expected to trigger market growth over the projection period. 
• In terms of resin type, the virgin type has the highest market share in 2021, whereas the recycled segment records the highest compound annual growth rate over the projection period. PET is the most recycled plastic packaging material in Europe. The PET resin recycling rate in 2017 was nearly 58.2%. Further, the segmental growth is attributed to the need to keep a sustainable PET recycling industry. 
• Based on technology, the extrusion blow molding segment holds the highest market share in 2021 and is estimated to continue its dominance over the forecast period 2022-2027. Extrusion blow molding uses a lower level of pressure, which means that machinery costs are low, making it easier and more cost-efficient. 
• In terms of capacity, 500 ml to 1000 ml segment holds the highest share of 44.1% in 2021 as PET bottles are used for packing soft drinks, alcoholic beverages, cosmetics, pharmaceutical products, and edible oils, among others. Further, more than 2000 ml segment registers the highest CAGR over the forecast period due to the increasing demand and consumer inclination for high-capacity bottles.
• Based on application, the beverages dominated the Europe PET Bottle Market in 2021 and registers the highest CAGR over the forecast period. Further, within the beverages segment, the carbonated soft drinks hold the highest share in 2021. This is due to the strength of PET bottles. Carbonated soft drinks can generate pressure inside the bottle reaching up to 6 bar. Such high pressure is not capable of deforming the bottle nor can it make the bottle explode due to the alignment of macromolecules (crystallization) occurring both during the resin spinning process and the blow-molding process.
• In terms of distribution channel, the business-to-business segment holds the highest market share in 2021 and is projected to continue its dominance over the forecast period. The penetration of environment-friendly packaging solution, along with the recent changes in packaging norms and regulation for B2B sector is fueling the market growth.
• Countries in western Europe holds the highest market share in 2021. The rising government regulation for BPA-free and eco-friendly packaging and higher concentration of the crystalline PET vendors is driving the adoption of PET bottle in the region. The UK is the highest shareholder country in the region followed by France. Germany and Russia record the highest annual growth rate over the forecast period. 

Competitive Insight

The key players in the Europe PET Bottle Market are Plastipak Holdings Inc., RETAL Industries Ltd., ALPLA Werke Alwin Lehner GmbH & Co KG, and Resilux NV among others.

Segmentation Overview

The following are the different segments of the Europe PET Bottle Market:

By Form segment of the Europe PET Bottle Market is sub-segmented into:

• Amorphous PET
• Crystalline PET

By Color segment of the Europe PET Bottle Market is sub-segmented into:

• Colored
• Transparent

By Resin Type segment of the Europe PET Bottle Market is sub-segmented into:

• Virgin
• Recycled

By Technology segment of the Europe PET Bottle Market is sub-segmented into:

• Extrusion Blow Molding
• Injection Molding
• Stretch Blow Molding
• Thermoforming
• Others

By Capacity (Volume) segment of the Europe PET Bottle Market is sub-segmented into:

• Up to 500 ml
• 500 ml to 1000 ml
• 1000 ml to 2000 ml
• More than 2000 ml

By Application segment of the Europe PET Bottle Market is sub-segmented into:

• Beverages
  • Packaged Water
  • Carbonated Soft Drinks
  • Food Bottles & Jars
  • Non-Food Bottles & Jars
  • Fruit Juice
  • Beer
  • Others
• Personal Care
  • Body Lotions
  • Body Fragrance
  • Others
• Consumer Goods
• Pharmaceuticals
• Others

 By Distribution Channel segment of the Europe PET Bottle Market is sub-segmented into:

• Business to Business
• Retail
  • Supermarkets and hypermarkets
  • Convenience Stores
  • Online
  • Others

By Country segment of the Europe PET Bottle Market is sub-segmented into:

• Western Europe
  • The UK
  • Germany
  • France
  • Italy
  • Spain
  • Rest of Western Europe
• Eastern Europe
  • Poland 
  • Russia
  • Rest of Eastern Europe