The global bullet bottles market is anticipated to accumulate a market value of US$ 190.51 billion in 2023 and is expected to record a market valuation of US$ 356 billion by exhibiting a CAGR of 6.4 % in the forecast period 2023 to 2033. The market for Bullet bottles market registered a CAGR of 4.9% in the historical period 2018 to 2022. The market for bullet bottles in the beverage sector is expected to witness growth, due to the never-ending demand for bottled water and non-alcoholic beverages. The sales of bottled water are credited to consumers' propensity for specifically demanding high-quality drinking water, owing to the concern of diseases as an aftermath of drinking polluted tap water and the ease of portability and convenience offered by bottled water.
In many developed and developing economies, people prefer bottled water.
Bottled water is sold in stores and places selling several drinks. For example, the International Bottled Water Association reported that Americans favor bottled water over other packaged beverages. Furthermore, as per International Bottled Water Association, they consumed 13.8 billion gallons of bottled water in 2018. In addition, according to a new national survey conducted online by The Harris Poll on behalf of the association, more than 9 in 10 Americans expect bottled water to be available wherever other drinks are sold. This trend is expected to boost the sales of bullet bottles during the forecast period.
The flourishing alcoholic beverage sector is also expected to propel the market growth of bullet bottles. The gradual shift toward bullet bottles in the wine sector was observed in the recent past. For example, as per ‘EnVino’, a plastic wine bottle venture in Burlingame, California, the containers weigh around one-eighth of a typical glass wine bottle and take up 20% less space, thus, allowing winemakers to save fuel by shipping 30% more wine per truck.
Besides, the introduction of polyethylene terephthalate (PET) and high-density polyethylene (HDPE) polymers are increasing the plastic bottling applications. The market is witnessing rising demand for PET bottles in the bottled and soft water markets which is expected to fuel market growth. There is an extensive range of innovative, cost-effective, sustainable packaging solutions emerging in the market, and plastic, as a product, is accepted across the globe. This has led to the leading players, like Amcor, introducing new plastic product formats to meet the demand for bullet bottles.
Region-wise Asia Pacific bullet bottles market is projected to witness fastest CAGR of 6.1% during the forecast period. The healthcare and pharmaceutical sector in China is one of the world's biggest markets, majorly driven by its aging population. According to Pharmaceutical Technology, China's pharma market's size was predicted to surge up to almost US$ 574 billion by 2022. Thus, there are growth possibilities for domestic players as they might experience a surge in demand for bullet bottles from these companies in the coming years.
Likewise, bullet bottles market in India is anticipated to grow steadily, due to the continuously increasing consumption and industrial applications of plastic-made bottles. According to the India Brand Equity Foundation, the industry demand for plastic bottles continues to grow in the country, with plastic export of USD 7.045 billion during the period of April 2019 - January 2020. Plastic projects are expected to increase across several products and sectors, including beverage, food, and water, pharmaceutical, household sectors. This will aid in market expansion of bullet bottles in India.
In North America, the market for bullet bottle is anticipated to dominate by accumulating 38.6% market share by end of 2033. The growth is attributed to rising consumption and industrial applications of plastic-made containers. Additionally, stringent regulations, growing demand in the end-user industry, and the growing demographics favoring cost-effective solutions are some of the factors driving growth of the market in this region. The number of companies in North America are aiming to expand into emerging markets, with no sophisticated cold storage chains and producing packages that can provide longer shelf life. Under these circumstances, the demand and sales for plastic packaging products, such as bullet bottles and containers, has increased tremendously in the last decade and is expected to benefit market growth positively in the forecast period as well.
| Data Points | Key Statistics |
|---|---|
| Expected Market Value in 2023 | US$ 190.51 billion |
| Projected Market Value in 2033 | US$ 356 billion |
| Growth Rate (2023 to 2033) | 6.4% CAGR |
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Latest developments in technology, mergers, acquisitions, tie-ups, and partnerships within the companies involved in manufacturing Bullet bottles are expected to create lucrative opportunities for market growth during the forecast period.
Most bullet bottles are made up of high density polyethylene (HDPE) and are a small, tall, circular shoulder glossy plastic container. Typically used for consumer goods such as body lotion, shampoo, body spray, home sprays and other pharma and beverage packaging applications. Alternate applications include agricultural products such as organic oils and fertilizers.
Bullet bottles are commonly referred to as cosmo round plastic due to their silky shape, high and slender body and round shoulders. Bullet bottles are offered in clear, cobalt, white, black, amber and custom made colour finishes are also available, and in most common 4 to 8 oz. sizes.
The rounded nature of bullet bottles creates labelling a gentle, they are simple and appealing to view, and their rigid structure ensures that during shipment they do not crack and break.
There are countless applications for this beneficial and eye-catching bullet bottles. Several closure preferences for bullet bottles include CRC, CT, pumps, dispensing, tamper evident styles, sprayers, and others. Bullet bottles are suitable for a wide range of uses and sectors including, but not restricted to, pharma, food and beverages, home & garden, agricultural chemicals, hygiene, biotechnology, and many others.
Bullet bottles has remained popular today and continues to play a major role in the packaging industry due to various advantages such as product uniformity, chemical integrity, impermeability, design competence, opening ease, etc.
Strong carbon dioxide & oxygen barrier, stress tolerant & impact resistance, don’t allow light to pass through, follow FDA requirements are some of the hottest features of globally adopted bullet bottles market. Adding various closures such as lotion pumps, disc caps, fine mist sprayers, or treatment pumps allows the bullet bottles to have many uses which is growing the consumer demand of the market in different economies.
All over the bullet bottles market, preference for plastic material has identified over other products, as it is lightweight, more convenient to hold and manufacturing costs are considerably lower. Strict government limits on the use of non-biodegradable plastics, however, limit the businesses, thereby impacting the bullet bottles market as a whole.
Besides these growth hindrance, current covid-19 pandemic has also impacted to whole of the packaging and also bullet bottles market to certain extent.
Due to covid-19 outbreak, various governments requesting for social distancing and self-isolation legislature over the society and industry staff too. The disruption caused by COVID-19 in the whole world is expected to vibrate the economy of Europe, America, China and other developing countries from Asia Pacific.
Principal Consultant
Global bullet bottles market has been fragmented into seven key regions including North America, Latin America, Europe, South Asia, East Asia, Middle East & Africa and Oceania. Due to majorly impacted by COVID-19 pandemic, North America & Europe are estimated to grow somewhat slowly in bullet bottles market as overall decrease in demand from personal care & cosmetics and pharmaceutical products.
The driving factor of increasing bullet bottles market in Asia Pacific is the growing overall population and millennial population, which results in a huge customer base but the impacts of COVID-19 can also be seen in the region in near future. Other regions of the globe including Latin America, Middle East & Africa and Oceania are also anticipated to show somewhat declining growth in the bullet bottles market due to COVID-19 pandemic.
Some of the key players in bullet bottles market are Amcor Plc, O. Berk Company, The Carry Company, Comar Llc, CKS Packaging, Inc., Plastic Bottles Corp, Novio Packaging Group B.V., CL Smith Packaging, Maynard & Harris Plastics (United Kingdom) Limited and others
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Bullet bottles Market
