The market for grab and go bottles is predicted to record a 5% CAGR between 2023 and 2033. The market is projected to generate US$ 82.1 Billion in 2023 and US$ 133.7 Billion by 2033. Until then, the market was growing, with a market size of US$ 78.2 Billion in 2022.
Product design is a crucial element in product sales and this holds especially for food and beverage packaging. As PET bottles are recyclable and lightweight, grab and go bottles made of PET are expected to remain highly preferred among manufacturers.
Increasing demand for grab and go bottles in emerging economies of Latin America and the Middle East & Africa is expected to provide lucrative opportunities for market growth. Implementation of stringent regulations, restricting the use of single-use plastic bottles has made it crucial for manufacturers to prioritize the recyclability of grab and go bottles.
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Preference for Grab and Go Bottles is a Growing Trend in Advanced Economies
The expanding trend of food and beverage consumption while on the road is anticipated to accelerate grab and go bottles market expansion during the anticipated timeframe.
Utilizing this trend, packaging businesses are investing considerably in enhancing their production processes. In industrialised nations, including the United States, Germany, Japan, and the United Kingdom, consumer demand for grab and go bottles are considerable.
Increase Market by Using Packaging that is Environmentally Friendly and Customer-Focused
Bottles that can be quickly taken and recycled are useful. The grab and go bottles market is therefore anticipated to grow over the following 10 years. Grab and go bottle manufacturers are switching to recyclable materials like R-PET as consumers become more aware of the drawbacks of consuming plastic products.
What Should Grab and Go Bottles Makers Keep an Eye Out For?
Glass is more expensive and less resilient to shock than plastic, which will reduce the market’s development rate. The development of the market for grab and go bottles will be significantly hampered by the effects of the pandemic on the supply chain. The use of plastics is subject to strict restrictions and regulations, which will slow the market’s expansion for grab and go bottles.
Regional Insight
According to predictions, the European region will continue to dominate the global grab and go bottles market. This can be attributed to the region’s increased fizzy beverage consumption.
North America is expected to grow during the period of the forecast due to the rising demand for grab and go bottles from end-use industries and the presence of significant essential players in this region.
Key Takeaways
- With a CAGR of 4.8%, the U.S. is anticipated to dominate the North American market. By 2033, the US market will have grown to US$ 25.7 Bn.
- By 2033, sales in the U.K. are projected to total about US$ 5.9 Bn, rising at a CAGR of 3.7%.
- The market for grab and go bottles in China is predicted to be the most lucrative, with sales growing at a 5.9% CAGR to reach US$ 24.8 Bn by 2033.
- Plastic is predicted to increase quickly in terms of material type, expanding at a CAGR of 4.2% over the projection period.
- The beverage segment is anticipated to hold the biggest share in terms of end use, growing at a 6.2% CAGR throughout the assessment period.
- Sales of grab-and-go bottles in Japan are expected to increase at a 5.0% CAGR to reach US$ 4.7 Bn by 2033, making this sector very profitable.
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Competitive Landscape
To address the increased demand for grab and go bottles across various end use industries, prominent manufacturers are focusing on expanding their manufacturing capacity. Additionally, in order to achieve sustainability goals and strengthen their global footprint in the grab and go bottles market, several businesses are striving to collaborate and use zero-waste packaging.
Recent Development
|
Date |
Company |
Strategy |
Details |
|
October 2021 |
Amcor plc |
Collaboration |
The launch of a sustainable cooking oil bottle made entirely of recycled material in Columbia was announced by Alianza Team, a high-tech solutions supplier for the food industry, in October 2021. The product launch will help businesses expand their selection of sustainable packaging. |
|
January 2021 |
Amcor plc |
Introduction |
Amcor plc announced the introduction of its single-serve plastic bottles for dairy products in January 2021. These bottles use cutting-edge barrier technology to keep the contents fresh for up to 90 days, shield the food from harmful ultraviolet (UV) radiation, and preserve the original flavors. |
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