The PCR bottles market size is estimated to be worth USD 13.9 billion in 2024 and is anticipated to reach a value of USD 23.1 billion by 2034. Sales are projected to rise at a CAGR of 5.3% over the forecast period between 2024 and 2034. The revenue generated by PCR bottles in 2023 was USD 13.2 billion.
Polyethylene Terephthalate (PET) among other materials is used in various end use industries including food and beverage, pharmaceutical, home care, personal care and cosmetics, etc., capturing a market share of 53.2% in 2024 in the PCR bottles market.
This rise is because polyethylene terephthalate (PET) is a highly recyclable material, thus contributing towards circular economy models where recycled content is favored. Polyethylene Terephthalate (PET) PCR is also inexpensive as compared to other traditional or virgin PET resin and compliance with regulatory bodies and initiatives that encourage the use of recycled materials in packaging.
PCR Bottles Industry Forecast
| Attributes | Key Insights |
|---|---|
| Historical Size, 2023 | USD 13.2 billion |
| Estimated Size, 2024 | USD 13.9 billion |
| Projected Size, 2034 | USD 23.1 billion |
| Value-based CAGR (2024 to 2034) | 5.3% |
Among several end use industries, the personal care and cosmetics industry has many application of PCR bottles. The personal care and cosmetics industry is set to capture more than 40% of the total market share in the assessment period.
This rise is because of changing consumer demand for sustainable and recycled packaging solutions and advancement in recycling methods. This has led to improvement in quality of PCR materials, thus becoming an suitable material for making aesthetic, functional and high quality bottles in personal care and cosmetics industry.
In terms of the capacity of PCR bottles, 501 to 750 ml capacity segment is dominating the PCR bottles market in 2024 with a market share of 34.4% in 2024. This is due to the versatility of these capacity PCR bottles to cater wide range of product across multiple end use industries and convenience among retailers for stocking and displaying products on shelves.
The PCR bottles market is set to experience profitable growth during the forecast period. It is projected to create an incremental opportunity of USD 9.9 billion and is predicted to rise 1.75 times the current value through 2034.
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The below table presents the expected CAGR for the global PCR bottles market over several semi-annual periods spanning from 2024 to 2034. In the first half (H1) of the year from 2023 to 2033, the business is predicted to surge at a CAGR of 5.2%, followed by a slightly higher growth rate of 5.4% in the second half (H2) of the same year.
| Particular | Value CAGR |
|---|---|
| H1 | 5.2% (2023 to 2033) |
| H2 | 5.4% (2023 to 2033) |
| H1 | 5.0% (2024 to 2034) |
| H2 | 5.6% (2024 to 2034) |
Moving into the subsequent period, from H1 2024 to H2 2034, the CAGR is projected to decrease slightly to 5.0% in the first half and remain relatively moderate at 5.6% in the second half. In the first half (H1) the market witnessed a decrease of 20 BPS while in the second half (H2), the market witnessed an increase of 20 BPS.
SDGs Drive Circular Economy for Plastic Pollution Mitigation
With the rise in concerns regarding the impact of packaging products and their materials such as plastic bottles, cans, bags pouches, etc. on the environment.
Many government and international organizations like the Sustainable Development Goals (SDGs) are starting initiatives to eliminate the use of materials for manufacturing packaging solutions that have adverse impacts on the environment to reduce pollution levels and carbon-di-oxide emissions levels in the atmosphere.
Carbon-di-oxide levels have risen too high for about 150% of pre-industrial levels consequently causing ocean acidification and extinction of species, as per the study of the General Assembly Economic and Social Council.
Plastic has been a serious point of discussion because of its high usage and take-make-dispose consumption, which results in plastic products being thrown away after being used for a short duration. This leads to increased plastic wastage and pollution at the disposal stage of plastic.
SDGs are stressing the implementation of the circular loop to reuse the packaging products rather than being discarded after being used once. Moving towards a circular economy will lead to less shared plastic in the environment.
These factors align with the 12th goal of UN Sustainable Development Goals which extensively focuses on the reduction of waste generated and all these factors cumulatively boost the demand for PCR bottles in the upcoming years.
Surging Demand for Recyclable and Barrier-Resistant PCR Bottles for Food Safety Solution
With this rise, the need for packaging solutions that preserve the quality and integrity of various foods and beverages, as consumption of spoiled or contaminated food and beverages causes serious infections and food-borne illnesses.
As per the report of the World Health Organization (WHO), around 4, 20,000 people die annually after eating contaminated food causing the loss of more than 33 million healthy lives every year. Thus there is an increasing demand for PCR bottles for effective food and beverage packaging to ensure the products reach customers without any kind of microbial or bacterial contamination.
Packaging options like PCR bottles are very crucial to keeping the product intact and ensuring the product’s integrity. These PCR bottles offer durability, and better resistivity towards moisture, heat, and cold and simultaneously maintain the regulatory standards related to sustainability and circular economy making them the most suitable bottle for all types of food and beverage packaging applications.
PCR bottles are made from recycled materials, which helps eliminate the use of single-use plastics and dependency on virgin plastics and contributes to corporate sustainability goals. The need for safe packaging solutions, ideal for preserving the food and beverage quality and also showing commitment to environmental stewardship, is creating lucrative growth opportunities for the PCR bottles market.
Rising Consumer Awareness for Hygienic Packaging Solutions
PCR bottles are used in several end-use industries including cosmetic and personal care, healthcare, pharmaceutical and many more. With growing awareness about effective and safe packaging solutions, consumers are prioritizing safety for the products they use. PCR bottles offers a very ideal packaging solution for many liquid and semi-liquid products such as lotion, creams, shampoos, conditioners, etc.
Using any type of lotion or creams without hygienic packaging may lead to microbial and fungal contamination, in turn having adverse effects on the skin. Sometimes such a situation may lead to severe dermatological infections, allergies and diseases.
As per the survey of the International National Centre for Biotechnology Information, the chances of contamination of several cosmetic products due to fungus were calculated at 19.2% and also found several bacterial pathogens such as Streptococcus spp., Pseudomonas spp., Acinetobacter, Bacillus spp., Staphylococcus spp., Escherichia coli.
To prevent such cases, PCR bottles is the most safe and hygienic packaging option for cosmetics and beauty products because of its secured seal and its ability to preserve the product from external elements such as moisture, chemicals, etc. Thus, the demand for PCR bottles is expected to rise over the forecast period.
Principal Consultant
The global PCR bottles market recorded a CAGR of 3.6% during the historical period between 2019 and 2023. Market growth of PCR bottles was positive as it reached a value of USD 13.2 billion in 2023 from USD 11.3 billion in 2019.
The PCR bottle market is experiencing positive growth due to its applications in food and beverage, pharmaceuticals, cosmetics and personal care, household and chemical industries. Packaging is very crucial to maintain the integrity of the product, prevent it from contamination and safeguard the product from any type of damage at the same time ensuring that the packaging material has the least impact on nature.
Increasing demand for recycled packaging solutions arising from the household industry is fueling the demand for PCR bottles. The use of bottles for household products packaging has witnessed a significant rise as it is convenient for users, good barrier strength and high usage of dishwashing liquid, laundry detergent, all-purpose cleaners, and bathroom cleaners for cleaning and sanitization is anticipated to boost the demand for PCR bottles in the years to come. Thus, the overall outlook seems to be positive for the global PCR bottle market.
The chemical industry also has major applications for these bottles for the packaging of agrochemicals, industrial and specialty chemicals, oils and lubricants, paints and coatings for effective storage and transport. PCR bottles offer the required protection for these products from different external elements like sunlight, humidity, pests and contaminants to prevent them from losing their originality and quality.
These beneficial characteristics encourage bottle manufacturers to emphasize research and development to manufacture PCR bottles with improved safety for food contact and a better sustainability rate. The rise in demand for safe packaging options from several end users is expected to create opportunities for the market.
Tier 1 companies comprise market leaders with a market revenue of above USD 150 million capturing significant market share of 10% to 15% in global market. These market leaders are characterized by high production capacity and a wide product portfolio.
These market leaders are distinguished by their extensive expertise in manufacturing across multiple packaging formats and a broad geographical reach, underpinned by a robust consumer base. They provide a wide range of series including recycling and manufacturing utilizing the latest technology and meeting the regulatory standards providing the highest quality.
Prominent companies within tier 1 include Amcor plc, Berry Global Group, Inc., Silgan Plastics Corporation, Pretium Packaging and Alpla Group.
Tier 2 companies include mid-size players with revenue of USD 50 to 150 million having presence in specific regions and highly influencing the local market. These are characterized by a strong presence overseas and strong market knowledge. These market players have good technology and ensure regulatory compliance but may not have advanced technology and wide global reach.
Prominent companies in tier 2 include Envision Plastics, Poly-Tainer, Inc., West Coast Container Inc., GracePack, Living Fountain Plastic Industrial Co., Ltd., Regent Plast Private Limited., TYH Container Enterprise Co., Ltd. And Zhejiang Sanle Plastic Co., Ltd.
Tier 3 includes the majority of small-scale companies operating at the local presence and serving niche markets having revenue below USD 50 million. These companies are notably oriented towards fulfilling local market demands and are consequently classified within the tier 3 share segment.
They are small-scale players and have limited geographical reach. Tier 3, within this context, is recognized as an unorganized market, denoting a sector characterized by a lack of extensive structure and formalization when compared to organized competitors.
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The section below covers the future forecast for the PCR bottles market in terms of countries. Information on key countries in several parts of the globe, including North America, Latin America, East Asia, South Asia and Pacific, Western Europe, Eastern Europe and MEA is provided.
USA is anticipated to remain at the forefront in North America, with a CAGR of 4.0% through 2034. In South Asia and Pacific, India is projected to witness a CAGR of 6.6% by 2034.
| Countries | Value CAGR (2024 to 2034) |
|---|---|
| USA | 4.0% |
| Germany | 3.4% |
| China | 6.2% |
| UK | 4.0% |
| Spain | 5.3% |
| India | 6.6% |
| Canada | 4.9% |
The Indian cosmetics and personal care industry offers a lot of opportunities for the market. The country is anticipated to record a CAGR of 6.6% during the evaluation period.
The personal care and cosmetics industry in India has been expanding past few years and is anticipated to grow at a rate of 25% and account for USD 20 billion in the upcoming years, as per the reports from the Indian Brand Equity Foundation (IBEF). Cosmetic and personal care products such as shampoos, creams, moisturizers, sunscreen lotions, hair oil, perfumes, hand wash, sanitizers, etc. are being used on a very high scale across regions in India. Population belonging to all age groups are using these products for skin nourishment and maintaining healthy and hygienic habits.
These products are mostly packaged into bottles made from a variety of materials including post-consumer recycled plastics. This is due to the advantages of PCR materials towards sustainability, curb in the use of single-use plastic, convenience in storage and transport and efficient barrier properties.
The continued growth of the cosmetic industry and the adoption of PCR bottles for recyclable packaging solutions are expected to propel the PCR bottle market.
The PCR bottle industry in the USA is projected to grow at a CAGR of 3.8% compared to other countries in the North American region by 2034.
With the spread of awareness for sustainability, packaging manufacturers in the USA providing packaging solutions, several end-use industries are focusing on producing packaging solutions made from post-consumer recycled plastic materials.
This is due to strict regulations and policies by environmental agencies in the USA over the ban on materials and products that lead to excessive waste generation and are detrimental towards nature. For instance, the USA Department of the Interior 2022 issued an order for the ban of single-use plastic products by the end of 2032 to reduce the procurement and sale of plastic products and plastic packaging solutions.
Due to serious orders and actions taken by government agencies in many states across the USA, there has been a shift among manufacturers and consumers towards packaging solutions such as PCR bottles that are made from post-consumer recycled polyethylene terephthalate, polyvinyl chloride, polyethylene and other related materials.
UK’s food and beverage manufacturing sector is expected to create lucrative opportunities for the market over the forecast period. The country is anticipated to record a CAGR of 4.0% during the valuation period.
Food and Drink Federation reported in 2022 that the export of food and drink in the UK has grown to a great extent in the past few years and is approaching a contribution of £25 billion to the country’s economy with export from more than 200 countries in future.
With the rise in export activities within the food and beverage sector, there is also an augmented demand for effective and recyclable packaging solutions having comply with the packaging regulatory standards of other countries. The packaging type is responsible for avoiding spoilage of the product and preserving the product's shelf life.
Thus, food manufacturers are using PCR bottles for packaging a variety of food and beverages such as oils, sauces and condiments, vinegar, honey, alcoholic and non-alcoholic beverages, carbonated beverages, juices and many more to ensure that they follow the necessary rules regarding the packaging material and reach the customers with the desired quality, freshness and purity.
The section contains information about the leading segments in the industry. In terms of material, polyethylene terephthalate (PET) is estimated to account for a share of 53.2% by 2034. By end use, the personal care and cosmetics industry is projected to dominate by holding a share of 40.3% by the end 2034.
| Material | Polyethylene Terephthalate (PET) |
|---|---|
| Value CAGR (2034) | 5.0% |
Among several materials used for making PCR bottles, polyethylene terephthalate (PET) is expected to lead the PCR bottle market during the forecast period. Polyethylene Terephthalate (PET) is anticipated to rise at a CAGR of 5.0% till the end of 2034.
Bottles are one of the major packaging solutions having applications across several end-use industries. Among the types of bottles, PCR bottles made from polyethylene terephthalate are used to a large extent because of their cost efficacy, performance and safety similar to that of virgin plastics.
Using polyethylene terephthalate as the primary material for manufacturing bottles for many end-use industries, the companies highlight their commitment to sustainability and corporate social responsibility, enhancing brand image and attracting environmentally conscious consumers. Apart from this it also possesses excellent barrier properties for moisture, sunlight and air, preserving the quality and freshness of packaged products for a long time.
PCR Polyethylene Terephthalate (PET) bottles can be customized in multiple shapes, sizes, colors, and labelling to meet the respective demands of several end-use industries. Similar benefits as compared to virgin plastic and additional contributions towards promoting a circular economy and reduced consumption of natural resources, energy, and greenhouse gas emissions are propelling the demand for PCR polyethylene terephthalate bottles.
| End Use | Personal Care and Cosmetics |
|---|---|
| Value CAGR (2034) | 4.7% |
The personal care and cosmetics segment among other end users like pharmaceuticals, food, beverages, homecare, chemicals and other industries is estimated to lead the PCR bottles market with a CAGR of 4.7% till the end of 2034.
People across all generations are very much concerned about the quality and brand value of the cosmetics and personal care products they purchase. Global hair & skin care industries are witnessing astonishing growth rates year by year. Cosmetic products such as lotions, creams, conditioners, shampoos, etc., are recording high sales and resulting in burgeoning sales of packaging solutions like bottles. Within bottles as a packaging option, PCR bottles are being used often because they are made from recycled plastic material, thereby seeking the attention of environment-conscious consumers.
Using PCR bottles for personal care and cosmetics products also creates a dominant marker presence in nations that are promoting the use of recycled materials and banning plastic and related materials that are detrimental towards nature. PCR bottles are known for maintaining the integrity of these products by protecting them from multiple external elements during their storage and transport.
Key players of PCR bottles industry are developing and launching new products in the market. They are integrating with different firms and extending their geographical presence. Few of them are also collaborating and partnering with local brands and start-up companies for new product development.
Key Developments in PCR Bottles Market
Few of the materials in the PCR bottles market is divided into polyethylene terephthalate (PET), polystyrene (PS), polyethylene (PE), polyvinyl Chloride (PVC) and others (PLA, PHA, etc.).
In terms of capacity, the PCR bottles market includes less than 250 ml, 251 to 500 ml, 501 to 750ml and above 750 ml
Some of end users related to PCR bottles market include food, beverages, personal care and cosmetics, home care, pharmaceuticals, chemicals and other industrial.
Key countries of North America, Latin America, East Asia, South Asia and Pacific, Western Europe, Eastern Europe, Middle East and Africa are covered.
The PCR bottles industry is projected to witness CAGR of 5.3% between 2024 and 2034.
The global PCR bottles industry stood at USD 13.2 billion in 2023.
Global PCR bottles industry is anticipated to reach USD 23.1 billion by 2034 end.
Europe is set to record a CAGR of 3.8% in assessment period.
The key players operating in the PCR bottles industry are Amcor plc, Berry Global Group, Inc., Silgan Plastics Corporation, Pretium Packaging and Alpla Group.
1. Executive Summary
2. Industry Introduction
2.1. Market Taxonomy
2.2. Market Definition
3. Market Trends and Success Factors
4. Market Background
4.1. Macro-economic and Industry Outlook
4.2. Market Dynamics
4.3. Value Chain Analysis
4.4. List of Key Market Participants (Manufacturers/Channel Partners)
4.5. Analysis of Key Industry Matrices
4.6. Industry Development Roadmap
5. Global Market Demand Analysis 2019 to 2023 and Forecast 2024 to 2034
5.1. Historical Market Volume Analysis
5.2. Future Market Volume Projections
6. Pricing Analysis
7. Global Market Value (USD) Analysis 2019 to 2023 and Forecast 2024 to 2034
7.1. Historical Sales Analysis
7.2. Future Market Size and Growth Projections
8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Material
8.1. Polyethylene Terephthalate (PET)
8.2. Polystyrene (PS)
8.3. Polyethylene (PE)
8.4. Polyvinyl Chloride (PVC)
8.5. Others (PLA, PHA, etc.)
9. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Capacity
9.1. Less than 250 ml
9.2. 251 to 500 ml
9.3. 501 to 750 ml
9.4. Above 750 ml
10. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by End Use
10.1. Food
10.2. Beverages
10.3. Personal Care & Cosmetics
10.4. Home Care
10.5. Pharmaceutical
10.6. Chemicals
10.7. Other Industrial
11. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Region
11.1. North America
11.2. Latin America
11.3. Eastern Europe
11.4. Western Europe
11.5. South Asia and Pacific
11.6. East Asia
11.7. Middle East and Africa
12. North America Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Market and Country
13. Latin America Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Market Segments and Country
14. Eastern Europe Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Market Segments and Country
15. Western Europe Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Market Segments and Country
16. East Asia Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Market Segments and Country
17. South Asia and Pacific and Pacific Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Market Segments and Country
18. Middle East and Africa Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Market Segments and Country
19. Sales Analysis 2024 & 2034 by Key Market Segments for 30 Countries
20. Competition Outlook including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard
21. Company Profile
21.1. Amcor plc
21.2. Berry Global Group, Inc.
21.3. Alpha Packaging Holdings Inc.
21.4. Envision Plastics
21.5. SILGAN PLASTICS.
21.6. PRETIUM PACKAGING
21.7. Alpla Group
21.8. Poly-Tainer, Inc.
21.9. West Coast Container Inc.
21.10. GracePack
21.11. Living Fountain Plastic Industrial Co., Ltd.
21.12. Regent Plast Private Limited.
21.13. TYH Container Enterprise Co., Ltd.
21.14. Zhejiang Sanle Plastic Co., Ltd.
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PCR Bottles Market
