Europe Plastic Bottle and Containers Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

Europe Plastic Bottles and Containers Market Analysis

The Europe Plastic Bottles And Containers Market size is estimated at USD 35.18 billion in 2024, and is expected to reach USD 42.53 billion by 2029, growing at a CAGR of 3.87% during the forecast period (2024-2029).

• Plastic bottles and containers manufactured from materials like polyethylene terephthalate, polypropylene, and polyethylene, dominate the packaging landscape. Their lightweight and durable nature makes them a preferred choice for manufacturers, primarily due to their cost-effectiveness. This, coupled with the global reliance on packaged foods and beverages, sets the stage for a significant impact on the plastic bottles and containers market in the coming years.
• The surge in plastic adoption is directly tied to its lightweight properties. This not only aids in energy conservation during transportation but also reduces emissions. Plastic's weight advantage becomes even more apparent when compared to heavier alternatives like glass, which necessitate more trips for transportation.
• While plastic bottles and containers can be crafted from various materials, those made from polyethylene terephthalate (PET) stand out for their durability, versatility, and cost-efficiency. As Europe's food, beverage, and pharmaceutical sectors expand and innovate, the demand for plastic packaging, especially PET bottles, rises in tandem. The industry's trend of introducing new beverages in diverse flavors and packaging styles further bolsters the demand for rigid plastic bottles.
• The beverage sector, in particular, heavily leans on plastic bottles, driven by the perpetual demand for bottled water and non-alcoholic drinks. Consumers seek bottled water for its perceived purity, shunning potentially contaminated tap water, and valuing the convenience and portability it offers.
• Highlighting environmental concerns, a European Commission study underscored the prevalence of PET bottles and their lids in ocean debris. In response, the European Council has rolled out stringent regulations, aiming to curb the use of single-use plastics and set ambitious recycling targets.
• Amid mounting worries over plastic pollution, both manufacturers and consumers are exploring eco-friendlier packaging alternatives. This shift is evident in the rising adoption rates of aluminum and glass, lauded for their recyclability and environmentally conscious attributes.
• Illustrating this trend, in March 2024, Europe's Brookfield Drinks made waves by announcing the launch of a 100% Prevented Ocean Plastic bottle. This innovative bottle, part of their NEO WTR range, is set to debut in 250 Tesco superstores. Brookfield Drinks' initiative marks a significant milestone, outpacing major soft drink brands by introducing a new spring water range in the industry's first fully recycled ocean-bound plastic bottle, complete with a recyclable cap and label.

Europe Plastic Bottles and Containers Market Trends

The Beverages Segment is Expected to Hold a Significant Market Share

Europe Plastic Bottles and Containers Industry Segmentation

The scope of the study characterizes the plastic bottles and containers market based on the raw material of the product, including PP, PE, PET, and other raw materials used across various end-user industries such as Food, Pharmaceuticals, Beverage, Cosmetics, and Toiletries, and more across various countries. The research also examines underlying growth influencers and significant industry vendors, all of which help to support market estimates and growth rates throughout the anticipated period. The market estimates and projections are based on the base year factors and arrived at top-down and bottom-up approaches.

Europe plastic bottles and containers market is segmented by resin (polyethylene (PE), polyethylene terephthalate (PET), polypropylene (PP), and other resin type), by product (bottles, jars, canisters, boxes, gallons, tubs, other products), by end-use vertical (food, beverage [bottled water, carbonated soft drinks, milk, and other beverages], pharmaceuticals, personal care & toiletries, industrial, household chemicals, paints & coatings, other end-use industries), and by country (France, Germany, Italy, United Kingdom, Spain, Poland, Nordik, and Rest of Europe). The market sizes and forecasts are provided in terms of value (USD) for all the above segments.