Market Trends of North America Plastic Bottles Industry
This section covers the major market trends shaping the North America Plastic Bottles Market according to our research experts:
Non-Alcoholic Beverages to Dominate the Market
- Soda consumption is decreasing in the U.S. However; bottled water consumption has been increasing. Both products are predominately packaged in plastic bottles. In fact, plastic bottle usage skyrocketed from carbonated soft drinks (CSD) have reached their saturation in the North American region, and companies like Coca-Cola, Pepsi, and Keurig Dr pepper have reported flat sales from their carbonated software division in North America.
- Coca-Cola, in its annual reports for 2018 and 2019, mentioned that the unit volume sales of its CSD were 3.306 billion unit cases in 2018 and 3.44 billion in 2017. The company has claimed to be the most significant player in the North American region, with a market share of 43% in 2018.
- According to PETRA, PET is a clear, strong, and lightweight plastic that is widely used for packaging foods and beverages, especially convenience-sized soft drinks, juices, and water. Virtually all single-serving and 2-liter bottles of carbonated soft drinks and water sold in the U.S. are made from PET.
- As the shift from soda to water progresses, the bottled water industry has worked with recycling advocates to increase recycling rates of water bottles.
- The companies in the region are currently expanding. In 2019, Nestlé Waters North America (NWNA) announced the acquisition of bottled water distributor Watchung Spring Water in the United States.
- Cott Corporation made two significant acquisitions in 2018 and 2019. In 2018, it acquired The Mountain Valley Spring Company for USD 78.5 million from Great Range Capital, and in 2019, it acquired WG America Company and its individual affiliated companies.
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PET to Show Significant Market Growth
- PET has been the most predominantly used material for beverage packaging in the region. Moreover, the trend for light-weighted packaging has increasingly driven the demand for PET bottles.
- According to the International Bottled Water Association, the average weight of a half-liter 16.9 ounce PET plastic bottle has declined 48% to 9.89 grams from 2000 to 2014. The drop in weight is the equivalent of 6.2 billion pounds of PET resin since 2000. This decrease has resulted in the manufacture of more number of bottles with the available resin, which has driven its growth.
- Moreover, the PET bottles have also been witnessing demand in the alcoholic beverages market. The wine market is one that has been slow to adopt new forms of packaging. As new concepts in PET gaining substantial grounds in the wine industry, companies are bringing new products into the market.
- For instance, in February 2020, Amcor announced its latest and custom designs at the Wine and Grape Symposium, North America. The company also announced a collaboration with Garçon Wines, a British start-up.
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