Plastic Bottles Market Size

Statistics for the 2023 & 2024 Plastic Bottles market size, created by Mordor Intelligence™ Industry Reports. Plastic Bottles size report includes a market forecast to 2029 and historical overview. Get a sample of this industry size analysis as a free report PDF download.

Market Size of Plastic Bottles Industry

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Plastic Bottles Containers Market Summary
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Study Period 2019 - 2029
Market Size (2024) USD 216.34 Billion
Market Size (2029) USD 289.37 Billion
CAGR (2024 - 2029) 5.99 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific

Major Players

Plastic Bottles Containers Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Plastic Bottle Market Analysis

The Plastic Bottles Market size is estimated at USD 216.34 billion in 2024, and is expected to reach USD 289.37 billion by 2029, growing at a CAGR of 5.99% during the forecast period (2024-2029).

Plastic packaging is becoming popular among consumers over other products as a plastic package is light in weight and is easier to handle. Similarly, even the major manufacturers prefer to use plastic packaging solutions, owing to their lower cost of production.

  • Moreover, the introduction of polyethylene terephthalate (PET) and high-density polyethylene (HDPE) polymers are expanding the plastic bottling applications. The market is witnessing an increasing demand for PET bottles in the bottled and soft water markets.
  • There is a wide variety of innovative, cost-effective, sustainable packaging solutions emerging in the market, and plastic, as a product, is accepted globally. It has led to the leading players, like Amcor, introducing new plastic product formats to cater to the demand for bottles.
  • Manufacturers prefer PET over other plastic packaging products, as it has a minimum loss of raw material during the manufacturing process when compared to other plastic products. Its recyclability and the feature to add multiple colors and designs augment it to become a preferred choice. Refillable products have emerged with the rising consumer awareness for the environment and have acted in creating demand for the product.
  • Moreover, Colgate-Palmolive, a prominent consumer products company, based in New York, committed to 100% recyclability of packaging across all its product categories by 2025 and achieving a 25% recycled content currently from plastic packaging. L'Oréal, a cosmetics brand, is working toward ensuring that all its plastic packaging will be rechargeable, refillable, recyclable, or compostable, by 2025.
  • With the COVID-19 outbreak affecting the market, countries, globally, seem to be shifting toward single-use plastics. Supply chains, additionally, are being strained to meet a surge in demand for single-use plastic packaging and medical supplies. Multiple governments, such as in India, the Tamil Nadu government suspended the ban on single-use plastic bottles and bags in retail trade in the wake of the COVID-19 disruption.

Plastic Bottle Industry Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)