European Plastic Bottles and Containers Market – Growth, Trends, Impact of COVID-19 and Forecast (2022)

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Europe Plastic Bottles & Containers Market was valued at USD 30.78 Billion in 2021 and is projected to reach USD 39.12 Billion by 2027, registering a CAGR of 3.87% over the forecast period 2022 to 2027.

New York, May 03, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the publication of the report “Europe Plastic Bottles and Containers Market – Growth, Trends, COVID-19 Impact, and Forecasts (2022 – 2027)” – https://www.reportlinker.com/p06155632/?utm_source=GNW
Many countries are expected to switch to the use of single-use plastics as the COVID-19 pandemic affects the market. Supply chains are strained due to an increase in demand for single-use plastic packaging and medical supplies. A significant increase in demand for plastic will likely cause a temporary shift in initiatives and short-term targets for transitioning to a circular economy. Moreover, it is also likely to put pressure on the plastic manufacturing line.

Highlights
Plastic containers are becoming a popular choice in the beverage industry and other segments like the food, cosmetics and pharmaceutical industries. New filling technologies and the development of heat-resistant PET bottles have introduced new possibilities and options. PET bottles are the standard in several segments, whereby beverages, sanitary products, cosmetics and detergents are mainly sold in polyethylene (PE) bottles. The EU defines the field of plastics with its drive towards the principles of the circular economy. The EU’s main focus is on plastic waste, as high-volume single-use plastic packaging has come under scrutiny.
In the wake of global strategies to shift to cleaner packaging technologies to save the environment, companies are introducing more environmentally friendly alternatives to regular polluting plastics, saving money on waste disposal. virgin plastics. For example, in August 2021, in line with Britvic’s announcement, Robinsons, 500ml bottles of Drench and Lipton Ice Tea are expected to switch to 100% recycled plastic bottles. By switching to rPET, Britvic is expected to save 1,354 tonnes of virgin plastic each year.
Europe is considered one of the biggest consumers of bottled water, due to an increased demand for plastic bottle containers. According to the British Soft Drink Association’s 2021 annual report, bottled water consumption in the UK was 2,542 million liters in 2020. Additionally, growing health concerns in Europe are driving demand for mineral water and , hence, the plastic bottle market in the UK. the region. The region is focused on providing the right minerals in bottled water to ensure consumers have healthy bones, lower cholesterol, lower LDL levels and lower blood pressure.
Additionally, in February 2021, soft drink packaging Unesco pledged to make the EU (European Union) fully circular by 2030. According to the company, the bottle packaging sector comprises 90% collection of recyclable packaging. For example, the company has polyethylene terephthalate (PET) bottles made from 100% recycled and renewable materials. Additionally, the company aims to launch its 2030 circular packaging vision with a commitment to achieve it by 2025 to ensure the company’s packaging is 100% recyclable with PET bottles, with a average of 50% recycled content.

Main market trends

Beverages hold a major market share

Europe is considered one of the biggest consumers of bottled water, due to an increased demand for plastic bottle containers. According to the British Soft Drink Association’s 2021 annual report, bottled water consumption in the UK was 2,542 million liters in 2020.
According to the Bottled Water Organization, the region prefers plastic packaging for water over glass because countries like Germany and the UK have a stronger presence in the industry, and they prefer PET bottles and consider to be the most dynamic packaging solution for bulk water. packaging.
Furthermore, the European region has witnessed a steady growth in the demand for carbonated soft drinks over the years. PET bottles offer an advantage over other packaging as they are available in larger sizes ranging from 200ml to 3 small which makes them versatile.
The demand for healthier food alternatives, such as fresh milk, is also increasing as this type of milk is considered more nutritious and healthier than shelf stable milk. According to OECD data, the estimated volume of consumption of fresh dairy products in the EU-28 would increase to a total of around 37 million tonnes by 2028.
Beverages, such as sports drinks, energy drinks, and ready-to-drink beverages, such as coffee and tea, are studied in this segment. With the growing awareness of their health, people are more inclined towards sports drinks and energy drink supplements.
Moreover, the busy life makes the working class of the region opt for packaged drinks that they can use on the go. Many ready-to-drink beverage manufacturers are turning to recycled plastic bottles in the European region. For example, in October 2020, PepsiCo Europe, which produces 7Up Free, Pepsi MAX, Tropicana and other ready-to-drink beverages, announced distribution of its 100% recycled plastic products by the end of 2022.

The UK will experience significant growth

Plastic bottles and containers are widely used across all industries in the UK for various purposes. The food and beverage industry is one of the main users of plastic bottles and containers, due to the increasing use of recyclable plastics by beverage companies.
The growing proliferation of PET bottles, due to the ease of use, lower cost and low weight of the materials in different end-user applications, such as food, beverage, cosmetics and pharmaceuticals, is driving the plastic bottle market in the country. According to the British Plastics Federation, 70% of soft drinks are packaged in PET plastic bottles.
Additionally, 7.7 billion of the 13 billion plastic bottles used each year are plastic water bottles. According to the #OneLess campaign, water consumption in plastic bottles has increased over the past 15 years. Every year the average person in the UK consumes 150 plastic water bottles. In London, each person uses 175 plastic water bottles each year.
Plastic bottle producers in the UK are working to reduce the amount of plastic used in their products. According to a Greenpeace analysis of the six largest soft drink companies in the world, which looked at the industry’s plastic production rates and the use of recycled PET, the companies surveyed focused their efforts on “lightweight”. , or on making PET bottles thinner to minimize cost, plastic use and carbon emissions or developing bioplastics that use materials other than petroleum as their source material.
The country is experiencing significant recycling rates in plastic bottles and multiple strategies are being put forward to address the issue of a circular economy, including substitution of alternative materials, investments in the development of bio-based plastics, packaging design to make them easier to deal with. in recycling and improving the recycling and treatment of plastic waste.
In addition, the government is focusing on the recycling of single-use plastic bottles in the country by incorporating various schemes, such as refilling a reusable plastic bottle on the consumer side, using biodegradable PET bottles or recycled for making plastic bottles, eco-friendly innovation – user-friendly designs and setting different board to recycle plastic bottles generated by various end-users.

Competitive landscape

The market studied is very fragmented. Alpla Group, Amcor PLC, Gerresheimer AG, Plastipak Holdings, Inc, Graham Packaging Company LP, etc. are some of the prominent players. Companies increase their market share by launching new products in the market and forming multiple partnerships and mergers. Some of the recent developments are:

March 2022 – Berry Global Group has partnered with Koa to launch bottles of body washes and moisturizers made from 100% recycled plastic. Berry Global is focused on creating positive environmental impact through streamlined operations, continuously engaged partners and optimized products, a vision shared by Koa.
February 2022 – Greiner Packaging is expanding its range of sanitizer bottles to meet increased demand. The new product line includes 16 bottles, including disinfectants, offered in different sizes and shapes with capacities between 100 and 1000 millilitres. These bottles are produced using the ISBM process and have round bodies, which can be made of up to 100% r-PET.
December 2021 – The ALPLA Group, in cooperation with its joint venture partner Glatfelter Corporation, a leading supplier of technical materials, announced its partnership with Blue Ocean Closures (BOC), a start-up company based in the Värmland region in Sweden, to develop innovative natural fiber corks and other molded packaging products using dry forming technology.

Additional benefits:

The Market Estimate (ME) sheet in Excel format
3 months of analyst support
Read the full report: https://www.reportlinker.com/p06155632/?utm_source=GNW

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