Japan Plastic Bottles Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 664 Million |
| Market Size (2029) | USD 735.60 Million |
| CAGR (2024 - 2029) | 2.04 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Japan Plastic Bottles Market Analysis
The Japan Plastic Bottles Market size is estimated at USD 664 million in 2024, and is expected to reach USD 735.60 million by 2029, growing at a CAGR of 2.04% during the forecast period (2024-2029). In terms of production volume, the market is expected to grow from 0.73 million tonnes in 2024 to 0.8 million tonnes by 2029, at a CAGR of 1.94% during the forecast period (2024-2029).
The food and beverage industry is the primary driver of the country's plastic bottle market. Plastic packaging has surged in popularity among consumers, favored for its lightweight and unbreakable nature, making it easier to handle.
- Major manufacturers are gravitating toward plastic packaging, primarily due to its cost-effectiveness. The advent of polymers like polyethylene terephthalate (PET) and high-density polyethylene (HDPE) is broadening the horizons for plastic bottle applications, with the market witnessing a notable uptick in PET bottle demand.
- Beyond beverages, plastic bottles are used in cosmetics and pharmaceuticals. Innovations like new filling technologies and the introduction of heat-resistant PET bottles are reshaping market dynamics. PET bottles dominate various sectors, with beverages, cosmetics, sanitary products, and detergents predominantly utilizing bottles crafted from polyethylene (PE).
- The quality of plastic bottles continues to enhance, penetrating segments that once favored alternative materials. However, consumers are increasingly gravitating toward eco-friendly packaging alternatives. Aluminum and glass, praised for their recyclability and eco-friendly attributes, are witnessing a surge in adoption, signaling a shift away from traditional plastic materials.
- The Japan Soft Drink Association declared that it would target 50% bottle-to-bottle recycling by 2030. Players in the industry are making PET bottles weigh lighter so that the PET resin used to make PET bottles can be minimized. According to data from the Japan Soft Drink Association (JSDA), the use of PET bottles has surpassed steel and glass for non-alcoholic drink consumption in the country. Additionally, stringent government regulations have made Japan among the top countries in the world in PET bottle collection and recycling, which is expected to boost market growth.
- According to the Royal Institute of International Affairs, in March 2023, in Japan, individuals routinely washed plastic items to eliminate food residues before recycling. For instance, after finishing a drink, a plastic bottle was typically disassembled into three components – the cap, the film, and the body – before it was sent for recycling. This meticulous approach to recycling highlighted Japan's deep-rooted commitment to resource conservation.
Japan Plastic Bottles Market Trends
Polyethylene Terephthalate (PET) Set for Expansion
- Plastic bottles made from PET are increasingly replacing traditional glass bottles as they provide reusable packaging for mineral water and other beverages, facilitating more economical transportation. PET, known for its transparency and natural CO2 barrier properties, is easily molded into various shapes, including bottles, and enhanced with additives like colorants, UV blockers, and oxygen barriers.
- PET has emerged as a crucial packaging material for bottle manufacturers in the region. Its ability to accommodate diverse shapes and sizes offers unmatched alternatives to conventional glass and metal containers, solidifying its status as a preferred choice in the packaging industry.
- According to the Japan Containers and Packaging Recycling Association (JCPRA), the average recycling cost for plastic packaging per kilogram was JPY 51 in 2021 (USD 0.36), and it is expected to reach JPY 62 (USD 0.44) in 2024. Various product areas are increasingly adopting polyethylene terephthalate (PET) bottles. Their affordability, lightweight nature, and advancements in printing technology and recycling capabilities have made PET bottles particularly appealing to premium consumers.
- Recent advancements in PET resin technology encompass the creation of barrier PET for prolonged shelf-life packaging, lightweight initiatives for enhanced sustainability, and specialized resin blends tailored to specific end-user demands. The PET resin market is pivotal in helping companies achieve their environmental sustainability objectives by offering recyclable, lightweight packaging solutions, minimizing carbon footprints, and bolstering circular economy efforts.
- Further, in February 2024, SIPA unveiled a new branch office in Tokyo, Japan. This strategic move doubles SIPA's presence in Japan, adding to its established Osaka branch, and reaffirms its dedication to providing premier PET packaging solutions with unmatched efficiency and client proximity. This expansion epitomizes SIPA's commitment to staying attuned to its clients, grasping their distinct needs, and delivering customized PET packaging solutions.
Beverage Segment Poised for Strong Expansion
- The beverage industry is witnessing significant expansion, driven by a growing demand for health-focused beverages. Consumers increasingly seek drinks offering specific health benefits, such as immunity boosts, improved digestion, and enhanced cognitive transparency. This trend is particularly pronounced among Japan's elderly demographic and those grappling with lifestyle-related health issues.
- The country is witnessing innovations in beverage formulations, blending natural ingredients with scientific advancements. In 2024, critical segments like soft drinks, sports drinks, and energy drinks may highlight the diverse preferences of consumers for functional beverages. By emphasizing ongoing innovation, targeted marketing, and sustainability, companies have a prime opportunity to solidify their presence in Japan's rapidly expanding functional beverage market.
- Companies in Japan are focusing on producing PET bottles made from biobased raw materials to promote sustainability. In August 2023, Neste, a Finnish company, cooperated with Suntory, ENEOS, and Mitsubishi Corporation to commercially produce PET resin made with renewable Neste RE. Neste RE is made from biobased raw materials such as waste and residues. Japanese beverage company Suntory will use PET resin to make product bottles.
- According to Asahi Group Holdings, in the market share for soft drinks in Japan as of 2023, RTD tea took the top position with a 30% share, followed by RTD coffee, carbonates, and others. In Japan, a diverse range of non-alcoholic beverages are available, purchasable not just at general store outlets but also from the country's extensive network of over two million vending machines.
- Further, according to the US Department of Agriculture, the Japanese non-alcoholic beverage market stands at an estimated USD 40 billion, with imports contributing around USD 1 billion. The United States is Japan's primary supplier of non-alcoholic beverages, exporting mainly mineral water, carrots, and grape juice. The spotlight is on healthy drinks and non-alcoholic beers as the dominant consumer trends. Japan's annual production of non-alcoholic beverages stands at 182 l per capita, translating to an average daily consumption of a 500 ml PET bottle by each individual. Such trends are expected to push the plastic bottle market over the forecast period.
Japan Plastic Bottles Industry Overview
The Japanese plastic bottles market is fragmented with the presence of global and domestic players such as Amcor PLC, Takemoto Yohki Co. Ltd, Toyo Seikan Group Holdings Ltd, Kodama Plastics Co. Ltd, and Hosokawa Yoko Co. Ltd. These companies are expanding their business through innovations, collaborations, mergers, investments, and more.
- June 2024: Takemoto Yohki Co. Ltd announced the expansion of its hot fill-compatible PET bottle lineup. Alongside its current 720 ml and 900 ml offerings, the company introduced a new 500 ml variant. A key highlight of these bottles is their uniquely designed panel, featuring smooth and elegant curves for enhanced handling. Capable of withstanding hot fill up to 90°C, these bottles are ideally suited for juices, soft drinks, and sweet sake.
- December 2023: Toyo Seikan Group Holdings Ltd and Idemitsu Kosan Co. Ltd jointly launched a demonstration test focused on recycling plastic scrap material. During the demonstration, Chemical Recycle Japan Co. Ltd, an Idemitsu Kosan subsidiary, will use plastic scrap material sourced from Toyo Seikan Group's manufacturing plants. Idemitsu anticipates producing "renewable chemicals" and "renewable fuel oil" using its existing oil refining and petrochemical equipment.
Japan Plastic Bottles Market Leaders
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Takemoto Yohki Co., Ltd.
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Kodama Plastics Co., Ltd.
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Toyo Seikan Group Holdings, Ltd.
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Hosokawa Yoko Co., Ltd.
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Amcor Plc
*Disclaimer: Major Players sorted in no particular order
Japan Plastic Bottles Market News
- July 2024: Takemoto Yohki Co. Ltd introduced a new square bottle to its lineup of easy-refill mother bottles. Featuring a slightly wider mouth and a screw-off orifice reducer, this design facilitates effortless refilling from refill bottles. Its straightforward square design, complete with an integrated cap, caters to a diverse array of skin care products, making it apt for cosmetics intended for both men and women.
- April 2024: Veolia, a French waste management firm, commissioned a recycled PET plant in Tsuyama, Japan. The 'Circular PET' plant is a collaboration between Veolia and two Japanese entities: Mitsui, an investment company, and Seven & I Holdings, a retail conglomerate. The facility boasts an annual production capacity of 25,000 tonnes of food-grade recycled PET resin. This output translates to a reduction of 27,500 tonnes of CO2 emissions compared to virgin production emissions. The plant will process low-grade used PET bottles and more.
Japan Plastic Bottles Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumption and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS
4.1 Market Overview
4.2 Industry Attractiveness - Porter's Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Buyers
4.2.3 Threat of New Entrants
4.2.4 Threat of Substitute Products
4.2.5 Intensity of Competitive Rivalry
4.3 Industry Value Chain Analysis
4.4 Import and Export Analysis (HS Code - 392330)
5. MARKET DYNAMICS
5.1 Market Drivers
5.1.1 Rise in Demand for Lightweight Packaging Products
5.1.2 Rising Need for Recycling and Recycled Plastic Products
5.2 Market Challenges
5.2.1 Dynamic Regulations and Environmental Concerns
6. MARKET SEGMENTATION
6.1 By Resin
6.1.1 Polyethylene (PE)
6.1.2 Polyethylene Terephthalate (PET)
6.1.3 Polypropylene (PP)
6.1.4 Other Resins
6.2 By End-user Industry
6.2.1 Food
6.2.2 Beverage
6.2.2.1 Bottled Water
6.2.2.2 Carbonated Soft Drinks
6.2.2.3 Alcoholic Beverages
6.2.2.4 Juices and Energy Drinks
6.2.2.5 Other Beverages
6.2.3 Pharmaceuticals
6.2.4 Personal Care & Toiletries
6.2.5 Industrial
6.2.6 Household Chemicals
6.2.7 Paints and Coatings
6.2.8 Other End-user Industries
7. COMPETITIVE LANDSCAPE
7.1 Company Profiles*
7.1.1 Takemoto Yohki Co. Ltd
7.1.2 Kodama Plastics Co. Ltd
7.1.3 TSUKASA PETCO Corporation
7.1.4 Toyo Seikan Group Holdings Ltd
7.1.5 Far Eastern Ishizuka Green PET Corporation
7.1.6 Amcor PLC
7.1.7 Hosokawa Yoko Co. Ltd
7.1.8 Kirin Holdings Company Ltd
7.2 Competitor Analysis - Emerging vs. Established Players
8. RECYCLING AND SUSTAINABILITY LANDSCAPE
9. FUTURE OF THE MARKET
Japan Plastic Bottles Industry Segmentation
The scope of the study characterizes the plastic bottles market based on the raw materials of the product, including PP, PE, and PET, used across various end-user industries such as food, pharmaceuticals, beverages, cosmetics, and toiletries. 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.
The Japanese plastic bottles market is segmented by resin (polyethylene [PE], polyethylene terephthalate [PET], polypropylene [PP], and other resins) and end-user industry (food, beverage {bottled water, carbonated soft drinks, alcoholic beverages, juices and energy drinks and other beverages [powdered and dairy-based beverages]}, pharmaceuticals, personal care and toiletries, household chemicals, paints and coatings, and other end-user industries). The market sizing and forecasts are provided in terms of value (USD) and volume (tonnes) for all the above segments.
| By Resin | |
| Polyethylene (PE) | |
| Polyethylene Terephthalate (PET) | |
| Polypropylene (PP) | |
| Other Resins |
| By End-user Industry | |||||||
| Food | |||||||
| |||||||
| Pharmaceuticals | |||||||
| Personal Care & Toiletries | |||||||
| Industrial | |||||||
| Household Chemicals | |||||||
| Paints and Coatings | |||||||
| Other End-user Industries |
Japan Plastic Bottles Market Research FAQs
How big is the Japan Plastic Bottles Market?
The Japan Plastic Bottles Market size is expected to reach USD 664 million in 2024 and grow at a CAGR of 2.04% to reach USD 735.60 million by 2029.
What is the current Japan Plastic Bottles Market size?
In 2024, the Japan Plastic Bottles Market size is expected to reach USD 664 million.
Who are the key players in Japan Plastic Bottles Market?
Takemoto Yohki Co., Ltd., Kodama Plastics Co., Ltd., Toyo Seikan Group Holdings, Ltd., Hosokawa Yoko Co., Ltd. and Amcor Plc are the major companies operating in the Japan Plastic Bottles Market.
What years does this Japan Plastic Bottles Market cover, and what was the market size in 2023?
In 2023, the Japan Plastic Bottles Market size was estimated at USD 650.45 million. The report covers the Japan Plastic Bottles Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Japan Plastic Bottles Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Japan Plastic Bottles Industry Report
Statistics for the 2024 Japan Plastic Bottles market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Japan Plastic Bottles analysis includes a market forecast outlook for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
