Morocco Plastic Bottles Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

Morocco Plastic Bottles Market Analysis

The Morocco Plastic Bottles Market size is estimated at USD 29.90 million in 2024, and is expected to reach USD 40.5 million by 2029, growing at a CAGR of 6.25% during the forecast period (2024-2029). In terms of production volume, the market is expected to grow from 30.16 thousand tonnes in 2024 to 39.81 thousand tonnes by 2029, at a CAGR of 5.71% during the forecast period (2024-2029).

• As per the International Trade Administration reported, agriculture accounts for nearly 15% of Morocco's GDP. While Morocco is a net importer of agricultural products, it imports bulk commodities and raw materials predominantly from the United States. In contrast, Morocco exports high-value, consumer-oriented products back to the United States. The European Union is Morocco's primary trading partner, representing roughly 60% of the nation's agricultural exports, bolstering the packaging industry.
• Morocco's burgeoning food and beverage sector is driven by a rising population, active lifestyles, and a growing appetite for diverse food choices. Urban developments in cities such as Casablanca, Rabat, Marrakech, Fes, and Agadir have spurred growth in Morocco's retail sector, subsequently boosting plastic bottle sales.
• Moreover, with tourism on the rise, food and beverage consumption is witnessing a corresponding uptick. According to data by the UN Tourism, in Q1 2024, Morocco recorded a 44% surge in tourist arrivals compared to pre-pandemic figures. With Morocco set to co-host the 2030 World Cup alongside Spain and Portugal, a further boost to tourism is anticipated, which is expected to fuel the food and beverage sector’s growth.
• In Morocco, polyethylene terephthalate (PET), polypropylene (PP), and polyethylene (PE) are the go-to materials for plastic bottles and containers. Their lightweight nature and recyclability make them favorites among end-user industries, including food, beverage, pharmaceutical, industrial, and personal care. The affordability of plastic and the country's reliance on the packaging industry are expected to shape the market dynamics in the coming years.
• However, surging environmental concerns pose challenges. Plastic bottles, a major contributor to marine litter in the Moroccan Mediterranean, stem from rampant plastic use and inadequate waste management. Furthermore, a shift by local manufacturers toward sustainable materials, including glass as a substitute for plastic, intensifies the hurdles faced by the market.

Morocco Plastic Bottles Market Trends

The Polyethylene Terephthalate (PET) Segment is Estimated to Record the Largest Market Share

Morocco 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 Moroccan 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.