Global PET Beverage Packaging Market Size and Share Analysis - Growth Trends and Forecasts (2023 - 2028)

Report
GLOBAL PET BEVERAGE PACKAGING

MARKET (2023-2028)
Domain: Packaging
Base Year: 2022
Forecast Period: 2023-2028
Market Intelligence/Advisory
+1 617 765 2493
info@mordorintelligence.com
www.mordorintelligence.com
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TABLE OF CONTENTS
1 INTRODUCTION 4.2.4 Threat of Substitutes
1.1 Study Assumptions and Market Definition 4.2.5 Intensity of Competitive Rivalry
1.2 Scope of the Study 4.3 Industry Value Chain Analysis
4.4 Assessment of the Impact of the Ukraine-Russia Standoff on the Plastic Packaging
Market
2 RESEARCH METHODOLOGY
4.5 Regulatory Framework
2.1 Research Framework
4.6 Import and Export Analysis
2.2 Secondary Research
2.3 Primary Research Approach and Key Respondents
5 MARKET DYNAMICS
2.4 Data Triangulation and Insight Generation
5.1 Market Drivers
5.1.1 Outstanding Properties of Pet Suited to Beverage Packaging
3 EXECUTIVE SUMMARY
5.1.2 Rising Demand for Sustainable Packaging
5.2 Market Challenges
4 MARKET INSIGHTS
5.2.1 Regulations Against the use of Plastics in Some Regions
4.1 Market Overview
4.2 Industry Attractiveness - Porter's Five Forces Analysis
6 GLOBAL BEVERAGE INDUSTRY LANDSCAPE
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Buyers
7 GLOBAL BEVERAGE PACKAGING INDUSTRY LANDSCAPE
4.2.3 Threat of New Entrants
8 MARKET SEGMENTATION
2 GLOBAL PET BEVERAGE PACKAGING MARKET - REPORT EMISPDF intellinet from 24.206.117.75 on 2024-01-23 11:10:48 GMT. DownloadPDF. Copyright © 2023 Mordor IntelligenceTM
TABLE OF CONTENTS
8.1 By Product 8.3.2.2 Germany
8.1.1 Bottles 8.3.2.3 Italy
8.1.2 Jars 8.3.2.4 Spain
8.1.3 Lids/Caps & Closures 8.3.2.5 United Kingdom
8.1.4 Others 8.3.2.6 Rest of Europe
8.2 By End-user Industry 8.3.3 Asia Pacific
8.2.1 Carbonated Drinks 8.3.3.1 China
8.2.2 Juices 8.3.3.2 India
8.2.3 Water Bottles 8.3.3.3 Japan
8.2.4 Alcoholic Beverages 8.3.3.4 Rest of Asia Pacific
8.2.5 Energy Drinks 8.3.4 Latin America
8.2.6 Other End User Industry 8.3.5 Middle East & Africa
8.3 By Geography
8.3.1 North America 9 COMPETITIVE LANDSCAPE
8.3.1.1 United States 9.1 Amcor PLC
8.3.1.2 Canada 9.2 Resilux NV
8.3.2 Europe 9.3 Nampak Ltd
8.3.2.1 France 9.4 Berry Global Inc.
TABLE OF CONTENTS
9.5 Silgan Holdings Inc. 13.1 Industries Covered
9.6 Graham Packaging 13.1.1 Coverage Within Packaging
9.7 GTX Hanex Plastic Sp. Z.O.O 13.2 Illustrative List of Clients
9.8 Altium Packaging 13.3 Our Customized Research Capabilities
9.9 Comar LLC
9.10 Apex Plastics
9.11 Khs GmbH (Salzgitter Klöckner-Werke GmbH)
9.12 Esterform Packaging
9.13 ALPLA Group
9.14 Plastipak Holdings Inc.
9.15 Retal Industries Limited
10 PET BEVERAGE PACKAGING MANUFACTURERS
11 INVESTMENT ANALYSIS
12 FUTURE OF THE MARKET
13 ABOUT US
1 INTRODUCTION
1.1 Study assumptions and market definition
1.2 Scope of the Study
#TOC_DIVIDER#
H INTRODUCTION | METHODOLOGY |
SUMMARY |
MARKET INSIGHTS | DYNAMICS | MARKET SEGMENTATION COMPETITIVE LANDSCAPE ABOUT US
1.1 STUDY ASSUMPTIONS AND MARKET DEFINITION
BASE CURRENCY BASE YEAR, REVIEW, AND FORECAST TERMS PRIMARY RESEARCH
FORECAST PERIOD
The base currency considered is the The base year is identified based on the Market-size estimations for the forecast The distribution of the primary
United States Dollar (USD). Conversion availability of annual reports and years are in real terms. Nominal values interviews conducted is based on the
of other currencies is based on the secondary research information. The are only considered. Inflation is not to regional share of the market and the
average exchange rates of the base year considered for this study is be considered. presence of key players in each of the
respective review period. The exchange 2022. The review period considered for demographics pertaining to the market
rate conversion for the forecast period this study is from 2018 to 2021. The studied.
is determined according to the base CAGR is for the forecast period 2023-
year’s conversion rates. 2028.
Note: Company revenues are mentioned as per the fiscal year in the HQ of the company, and currency conversion is as per the account closure date of the company.
MARKET DEFINITION
The study tracks the demand based on the consumption of PET beverage products globally across various end users listed in the study. The study factors in the
MARKET
impact of the Russia-Ukraine War on the overall supply chain of the market. The study factors the prevalent base scenarios, key themes, and end-user vertical-
DEFINITION related demand cycles.
The global PET beverage packaging market is segmented by product type (bottles, jars, lids/closures, and other products), end-user (carbonated drinks, juices,
SCOPE OF THE
water bottles, alcoholic beverages, energy drinks, and other end-user industries), and geography. The study also tracks key market parameters, underlying
STUDY growth influencers, and major vendors operating in the industry that support the market estimations and growth rates during the forecast period.
SUMMARY |
1.2 SCOPE OF THE STUDY
BY PRODUCT BY END USER INDUSTRY BY GEOGRAPHY
• Bottles • Carbonated Drinks • North America

• Jars • Juices • Europe
• Lids/Caps and Closures • Water Bottles • Asia-Pacific
• Others • Alcoholic Beverages • Latin America
• Energy Drinks • Middle East & Africa
• Other End-User Industry
2 RESEARCH METHODOLOGY
2.1 Research Framework
2.2 Secondary Research
2.3 Primary Research
2.4 Data Triangulation and Insight Generation
#TOC_DIVIDER#
SUMMARY |
2.1 RESEARCH FRAMEWORK
• Mordor Intelligence (MI) advocates an appropriate mix of secondary and primary research to meet Client objectives.
• MI translates market insights (market dynamics, competition, varying consumer demands, and regulations) into actionable business insights.
• Following phases are practiced at Mordor for efficient delivery of various syndicated and consulting assignments.
STEP 1 STEP 2 STEP 3

SCOPING/ PROJECT INITIATION MARKET ANALYSIS PROJECT DELIVERY
Extensive desk research to identify most relevant Triangulate and analyze data to finalize on actionable
Decipher Client Requirements/ Market to be studied
secondary information available business insights
Tailor made research approach for Contact Mordor’s empaneled experts and identify Finalize report contents and establish a deliverable
customized reports industry experts across the market format
Report delivery with high quality market insights,

Effective use of Mordor’s knowledge repository to Conduct primaries & surveys to gather qualitative
competitive landscape etc.,
gather relevant insights and quantitative insights
as per the proposed contents
Confirm the objectives of the assignment with Client
SUMMARY |
2.2 SECONDARY RESEARCH
OBJECTIVE Hypothesis and insights building; get factual data
This phase involves a thorough synthesis of existing publications across the web to gather
Shortlisting market intelligence sources meaningful insights on the current situation of the market, technology developments, and any
other market-related information. The sources include, but are not limited to:
Synthesis of published information • Scientific papers, journals, and publications
• Industry and government websites for blogs, magazines, and other publications, Magazines
• Conference proceedings and association publications
Data collection and aggregation • Investor presentations, technical brochures, annual reports, press releases, transcripts of key
personnel interviews, and other strategic publications by several competitors in the market
Further validated from expert interviews • PET Beverage packaging solutions and material providers
• Product information, including technical specifications, approvals, patents, etc.
• Paid sources (D&B Hoovers, Bloomberg, Seeking Alpha, etc.)
Insight and hypothesis development
• Other sources, including journals, articles, etc. (for usage patterns)
To reach out industry experts for interviews
Key contact list
Relevance and credibility of sources
SUMMARY |
2.3 PRIMARY RESEARCH APPROACH AND KEY RESPONDENTS
EXECUTIVE LEVEL OPERATIONAL LEVEL INDUSTRY/ NEED SPECIFIC MARKET ECOSYSTEM

INTERVIEWS INTERVIEWS INTERVIEWS INTERVIEWS
• Competitors
• CxOs, owners, founders • Sales Managers • PET Beverage Packaging Experts
• Customers
• Business unit or country heads • Project Managers • Packaging Industry Experts
• End-users
• Directors/VPs of sales and marketing, • Pricing Managers • Production Managers
procurement, strategy, R&D, Product • Agencies/Distributors/Resellers
• Regulatory Affairs Managers • Pricing Analysts
management and other corporate • Retailers
functions as required. • Finance Managers
• Suppliers
• Existing or Potential Partners
• Employees
• Regulatory Agencies
• Industry Associations
• Consultants
Interviews spread across regions based on a regional

Blind interviews without revealing the sponsor of this
SPREAD OF INTERVIEWS share in the overall market [Americas: 20-25; EMEA: 15- BLIND/ OPEN INTERVIEWS study
20; APAC: 5-10]
Raw data and intelligence, Insights into market dynamics,

40-50 interviews covering varying profiles of experts
RESPONDENTS INPUTS COLLECTED Market model and other data validations, Strategy
across the entire market value chain
related inputs
SUMMARY |
2.4 DATA TRIANGULATION AND INSIGHT GENERATION
VALIDATION FOR MARKET ASSESSMENT ESTIMATES

OBJECTIVE Logical checks and sanity of information
• The market size estimations are carried out through ‘Bottom-up’ & ‘Top-down’ approaches.
• Our top-down and bottom-up approaches are integrated into our ‘In-house Model sheets’ which
TRIANGULATION AND TRANSFORMATION OF INFORMATION EXTRACTED are used to generate the market estimates and growth rates (depending upon the historical trends
of the respective markets along with the various factors like drivers, restraints and recent
Based on the factors identified which are endogenous and exogenous in nature collected during
developments in the market) of the product segment in the respective country.
the secondary and primary phases, our in-house subject matter experts transform quantitative
data extraction and use them for the inferential purpose.
TOP-DOWN BOTTOM-UP
APPROACH APPROACH
SECONDARY RESEARCH EXPERT INTERVIEWS
Macro view of a larger market Revenue analysis of leading
filtered down to the target Expert interviews players or consumption
market centers
DATA
TRIANGULATION VALIDATION POINT
ECONOMETRIC MODELS ANALYST ESTIMATES Expert interviews
3 EXECUTIVE SUMMARY
#TOC_DIVIDER#
SUMMARY |
3 EXECUTIVE SUMMARY - BY REVENUE
BY PRODUCT BY END-USER INDUSTRY

Market size in 34.46 billion
2023 (USD) 79.96% 44.46%
Market Share, Bottles, 2022 Market Share, Water Bottles, 2022
Market size in
43.29 billion
2028 (USD)
By product type, the bottles segment held the largest share of By end-user industry, the water bottles segment held the
79.96% of the market studied in 2022. The bottles segment largest share of 44.46% of the market studied in 2022. The
was valued at USD 26.48 billion in 2022 and is expected to segment was valued at USD 14.67 billion in 2022 and is
Market CAGR (2023-
4.67% reach USD 35.16 billion by 2028. The segment is expected to expected to reach USD 19.26 billion by 2028. The water
2028)
register a CAGR of 4.94% during the forecast period. bottles segment is expected to register a CAGR of 4.74% in
the forecast period.
PET BEVERAGE PACKAGING MARKET, REVENUE IN USD BILLION, GLOBAL, 2021-2028

BY GEOGRAPHY CAGR (2023 TO 2028): 4.67%
34.67% 37.55 39.34 41.24 43.29

34.46 35.96
Market Share, Asia-Pacific, 2022 31.84 33.11
By geography, the Asia-Pacific segment held the largest share

of 34.67% of the market studied in 2022. The region was
valued at USD 11.48 billion in 2022 and is expected to reach
USD 15.96 billion by 2028. The Asia-Pacific segment is 2021 2022 2023 2024 2025 2026 2027 2028
expected to register a CAGR of 5.75% during the forecast
period.
Source : Mordor Intelligence
SUMMARY |
3 EXECUTIVE SUMMARY - BY VOLUME
BY PRODUCT BY END-USER INDUSTRY

Market size in 22.82 million
2023 (Volume in
Tonnes)
78.12% 44.89%
Market share, Bottles, 2022 Market share, Water Bottles, 2022
Market size in
26.81 million
2028 (Volume in
Tonnes) By product type, the bottles segment held the largest share of By end-user industry, the water bottles segment held the
78.12% of the market studied in 2022. The volume of the largest share of 44.89% of the market studied in 2022. The
segment was 17.03 million tonnes in 2022 and is expected to segment’s volume was 9.78 million tonnes in 2022 and is
Market CAGR (2023-
3.28% reach 21.15 million tonnes by 2028. The bottles segment is expected to reach 12.07 million tonnes by 2028. The
2028)
expected to register a CAGR of 3.44% during the forecast segment is expected to register a CAGR of 3.32% during the
period. forecast period.
PET BEVERAGE PACKAGING MARKET, VOLUME IN MILLION TONNES, GLOBAL, 2021-2028

BY GEOGRAPHY CAGR (2023 TO 2028): 3.28%
36.39% 22.82 23.86 24.59 25.43 26.16 26.81
21.03 21.8
Market share, Asia-Pacific, 2022
By geography, the Asia-Pacific segment held the largest

share of 36.39% of the market studied in 2022. The region’s
volume was 7.93 million tonnes in 2022 and is expected to
reach 10.34 million tonnes by 2028. The region is expected
2021 2022 2023 2024 2025 2026 2027 2028
to register a higher CAGR of 4.28% during the forecast
period.
Source : Mordor Intelligence
4 MARKET INSIGHTS
#TOC_DIVIDER#
SUMMARY |
4 MARKET INSIGHTS
4.1 Market Overview
4.2 Industry Attractiveness - Porter's Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Buyers
4.2.3 Threat of New Entrants
4.2.4 Threat of Substitute Products
4.2.5 Intensity of Competitive Rivalry
4.3 Industry Value Chain Analysis
4.4 Assessment of the Impact of the Ukraine-Russia Standoff on the Plastic Packaging Market
4.5 Regulatory Framework
4.6 Import and Export Analysis
SUMMARY |
4.1 MARKET OVERVIEW

• The global PET beverage packaging market was estimated at USD 33.11 billion in 2022. Revenue in the market studied is expected to PET PRODUCTION CAPACITY IN KILOTONS, BY COMPANY,
reach USD 43.29 billion by 2028, witnessing a CAGR of 4.67%. The market size reflects the value of consuming PET products such as INDIA, 2022
bottles, jars, lids, and more used for various end-user industries.
• Polyethylene terephthalate (PET) is broadening the uses of plastic bottles. There is a rising demand for PET packaging in the bottled
and soft water segments. Many creative, economical, and environmentally friendly packaging options are already available, and PET
is a widely recognized material. The benefits of polyethylene terephthalate as a material are that it is shatterproof, non-reactive
when in contact with beverages, and delivers a high strength-to-weight ratio. Being lightweight also provides cost savings when
transporting products using PET packaging. PET plastic is a secure packaging material for beverage products. PET plastic has been 1008.00
approved as safe for food and beverage contact by the FDA in the United States and similar regulatory bodies across North America.
• The war between Russia and Ukraine has resulted in economic sanctions against several countries, high commodity prices, and
supply chain disruptions. Regarding the conflict, some companies have taken steps to sanction Russia by suspending their activities in
Ukraine and other European countries. The Russia-Ukraine conflict has triggered a protest in crude oil and gas markets and a big dose
of uncertainty, adding to the already high inflationary pressure on global commodity markets. Several manufacturers also fretted 720.00
over the transformation in demand from plastics to other raw materials.
• The changing lifestyles and accompanying consumer reliance on packaged beverages boost sales of PET bottle packaging products.
This trend is driving the sales of products with their superior barrier properties, convenient formats, high-quality printability, and
careful use of material resources. Growing demand for packaged drinking water from consumers worldwide provides higher
durability, ease of use, and improved product protection from potential spoilage factors than other packaging alternatives. Due to its
low cost, it drives the market for PET bottles for packaging.
• The need for sustainable and recyclable packaging materials is witnessing high demand. According to PlastIndia Foundation, PET
production capacity in the country by Reliance Industries Limited was 1,008 kilotons in 2022, registering the highest compared to
other companies. Also, the European packaging industry announced its Circular Packaging Vision 2030, promising that by 2025, all 183.00
144.00
packaging will be 100% recyclable, and PET plastic material products will contain 50% recycled content.
• Further, r-PET bottles are expected to grow, with companies innovating new products. Recently, Coca-Cola Trademark brands (Coke,
Diet Coke, Coke Zero Sugar, Coca-Cola Flavors) launched a 13.2-oz. bottle made from 100% recycled PET (rPET) plastic in California,
Florida, and select states in the Northeast. Such innovations represent a 20% reduction in virgin plastic use across the company's Reliance IVL Dhunseri JBF Chirpal
North American portfolio. Industries Limited
PET Production
Source: PlastIndia Foundation

SUMMARY |
4.1 MARKET OVERVIEW

• Plastic has been one of the major pollutants resulting in environmental degradation. Several types of research have
revealed plastic's adverse effects on the environment. The market is anticipated to be significantly challenged due to
dynamic regulatory standard changes, mainly due to rising environmental concerns. Governments globally have been
responding to public concerns regarding plastic packaging waste and implementing regulations to reduce
environmental waste and improve waste management processes.
• The bottles segment is expected to register a CAGR of 4.94% during the forecast period. The segment will be valued at
USD 35.16 billion in 2028. Companies operating in the industry are expanding their business through collaborations,
investments, and more. For instance, in October 2022, Manjushree Technopack Ltd (MTL), India's largest rigid plastic
packaging solutions provider, signed a Memorandum of Understanding (MoU) with the top-ranked Indian Institute of
Science (IISc) to develop innovative and sustainable plastic packaging solutions. As part of the MoU, IISc will establish a
Centre of Excellence for recycling thermoplastics used every day in a broad spectrum of rigid plastic packaging, such as
soft drink bottles.
• Moreover, in March 2022, the ALPLA Group became one of Germany's largest PET recycling companies. With the
acquisition of Texplast from the FROMM group, the joint venture PET Recycling Team Wolfen, the international
company increased its annual throughput in Germany to 75,000 tons of PET bottles. ALPLA has invested in the quality
and availability of its PET recycling for the German “bottle to bottle” cycle.
• The water bottles segment was valued at USD 14.67 billion in 2022 and is expected to reach USD 19.26 billion by 2028,
with a CAGR of 4.74% during the forecast period. Various major companies operating in the industry are focused on
innovating new solutions as part of their business expansion. For instance, in June 2023, Coca-Cola India launched
Kinley bottles made with recycled PET. The bottles are currently available in one-liter bottles and are said to be one of
India’s first packaged drinking water brands to use 100% recycled PET bottles.
• Further, according to Beverage Marketing Corporation (BMC), recent growth in bottled water consumption has been
over 60%, and it is considered to be the most popular packaged beverage in the United States. One of the key factors
influencing the PET bottles market growth is an upsurge in demand for PET bottles for the packaging of bottled water,
soft drinks, salad dressings, oils, personal care goods, and more.
Image Source: iStock.com
SUMMARY |
4.1 MARKET OVERVIEW

• Manufacturers prefer PET over other packaging products, as it has a minimal loss of raw material during the entire manufacturing process TOTAL EXPORT SHARE OF PLASTIC FROM INDIA
compared to other plastic materials. Its recyclability and the feature of adding multiple colors and designs have made it a suitable choice. (%), BY RECIPIENT REGION, 2022
Refillable products have emerged with rising consumer awareness about the environment. This has helped in creating the demand for the
product.
• The market is fragmented with the presence of major players such as Amcor Ltd, Gerresheimer AG, Berry Global Group, Silgan Holdings Inc.,
and Huhtamaki Oyj. Players are focused on expanding their business by innovating new solutions through collaborations and investments in
the industry.
• For instance, in May 2022, Amcor Rigid Packaging (ARP) and Danone, Paris, launched a fully recyclable, label-free rPET bottle for the
1.0%
company's Villavicencio water brand in Argentina. This new 1.5-Liter bottle is made from 100% rPET and delivers a carbon footprint that is
21% less than that of the previous bottle. The new bottle included the same visual elements as the previous one, which was made from a 17.0%
combination of virgin and post-consumer recycled (PCR) resins. Such innovations have driven growth in the PET beverage packaging market
over the forecast period. However, the increasing popularity of PET beverage packaging products helped it considerably gain market shares in 35.0%
the last few years. The quality of plastic bottles and other products is constantly improving as they gain access to other segments that
traditionally use other materials.
• Further, according to RecyKal, the import of PET Bottle scrap is prohibited in India, and it was one of the largest importers of PET bottle scrap. 23.0%
India imported huge volumes of PET scrap from the USA, Europe, and the Gulf countries. The thriving recycling industry relied on PET
imports. In the wake of the National Green Tribunal, the MoEFCC effectively banned the import of various types of plastics and household
waste into India. As a rough estimation, nearly 0.9 million tonnes of PET are manufactured in India, of which over 90% are recycled. On the
other hand, the country is seeing a booming recycling industry, anticipated to grow by 6.5% by the end of 2023. However, despite the import 24.0%
bans, India is grappling with growing PET and other plastic waste.
• According to PlastIndia Foundation, the export share of plastic from India in 2022 was highest in Asia at 35%, and the United States took
second place with 24% in the same fiscal year. Beverage packaging solutions, especially plastic-based beverage packaging, are primarily based
on the ability to replace materials such as glass and metal with lightweight, affordable, high-performance plastic materials in a wide range of
applications. Improved barrier technology will enable the widespread use of plastic packaging in applications such as water packaging. Bio-
Asia America Europe Africa CIS & Baltics
based plastics, especially 100% bio-based PET bottles, are expected to increase market share during the forecast period.
Source: DGCI&S; Plastindia Foundation
SUMMARY |
4.2 INDUSTRY ATTRACTIVENESS - PORTER'S FIVE FORCES ANALYSIS
THREAT OF NEW ENTRANTS
• The bargaining power of suppliers is moderately low, and it is expected to

BARGAINING
remain the same over the forecast period in the market studied.
POWER OF
• The bargaining power of buyers/consumers is high and is expected to
SUPPLIERS
remain the same over the forecast period in the market studied.
• The threat of new entrants is expected to be moderate, and it is expected
THREAT OF INTENSITY OF
to increase during the forecast period.
SUBSTITUTE COMPETITIVE RIVALRY
• The threat of substitutes is moderately high and expected to increase
PRODUCTS AND during the forecast period.
SERVICES
• The intensity of competitive rivalry in the market studied is high and is
expected to remain the same during the forecast period.
BARGAINING
POWER OF
BUYERS
Source: Mordor Intelligence
SUMMARY |
4.2.1 BARGAINING POWER OF SUPPLIERS

MARKET PARAMETERS DETAILED DESCRIPTION
Unfavourable
Low Favourable
High • The suppliers segment consists of raw material suppliers for beverages. Raw material
1 suppliers only take into account PET for the market studied, which is used to make bottles
FACTORS 0 2 4 6 8 10
0 and other products for the beverage industry.
• The ample availability of raw materials for manufacturing makes it easy for manufacturing
Degree of Differentiation of Inputs
companies to gain an advantage over the suppliers.
• Supplier switching costs are likely to be on the lower side. Manufacturers usually have
long-term contracts with suppliers to ensure a regular supply of high-quality raw materials
without disruption, giving considerable leverage to the buyers.
Impact of Inputs on Cost or Differentiation
• The degree of differentiation of inputs is hostile, as most packaging solutions are
manufactured using similar materials and approaches, thereby disadvantaging the
suppliers of the raw materials. Moreover, the suppliers are significantly affected by
Supplier Concentration to Firm inflation in raw material sources, putting them at risk.
Concentration Ratio
• However, manufacturers depend on imports for their packaging needs, allowing the
exporters to regulate prices.
• The COVID-19 pandemic had created supply pressure on manufacturers for the short term
Strength of Distribution Channel as raw material suppliers were functioning at lowered efficiencies.
• Due to the high availability of raw material suppliers, manufacturers could charge the
suppliers lower prices to compensate for buyer losses.
Supplier Competition: the Ability to Forward • Owing to the easy availability of raw materials and direct access between suppliers and
Vertically Integrate and Cut Out The Buyer
manufacturing companies, the strength of distribution channels is high. Overall, the
bargaining power of suppliers is moderately low and expected to remain the same in the
forecast period.
Supplier Switching Costs Relative to Firm
Switching Costs
SUMMARY |
4.2.2 BARGAINING POWER OF BUYERS

Unfavourable
Low Favourable
High • The PET beverage packaging market's consumer base includes many organizations and
1 businesses operating in the beverage industry, including carbonated drinks, bottled water,
FACTORS 0 2 4 6 8 10
0 energy drinks, and fruit juices.
• Due to an abundant supply of raw materials and a large pool of suppliers and
Buyer Concentration to Firm Concentration manufacturers in the industry, the competition in the market studied is intense, thus,
Ratio augmenting the power of buyers.
• The availability of more significant information from suppliers has strengthened the
bargaining power of buyers, putting more pressure on the players in the market to produce
Degree of Dependency upon the Existing
high-quality products with advanced features.
Channels of Distribution
• Buyer information availability is relatively high, which is in favor of the consumers. As the
market is expanding at a rapid pace, the bargaining power of consumers is expected to
Buyer Switching Costs Relative to Firm grow further in the future.
Switching Costs
• The buyers' ability to force down the prices is expected to grow considerably during the
forecast period, while their bargaining power exhibits a similar trend.
• The difference in solutions offered and the number of vendors providing similar or better
Buyer Information Availability solutions makes it difficult for the vendors to quote premium prices, as the market is home
to numerous vendors competing on both price and technological capabilities.
• The buyer price sensitivity remains reasonably high because manufacturers are ready to
offer the same or better products at lower prices, giving the buyer a wide variety of
Buyer Price Sensitivity
options.
• Overall, the bargaining power of the buyers is high and is expected to remain the same
during the forecast period.
Differential Advantage (Uniqueness) of
Industry Products
SUMMARY |
4.2.3 THREAT OF NEW ENTRANTS

Unfavourable
Low Favourable
High • The threat of new entrants in the market can be defined as the threat from companies that
1 may enter the market and have the potential to disrupt the existing market scenario to the
FACTORS 0 2 4 6 8 10
0 already-established market players. Companies already in the related fields are
increasingly seeking better market share.
Economies of Scale
• The PET beverage packaging market poses relatively moderate barriers to entry for new
firms due to the high packaging demand across various end-user industry verticals, even
during the COVID-19 pandemic.
• The initial capital requirement for new entrants is moderate for this market. However, the
Product Differentiation presence of crucial beverage packaging manufacturers, fulfilling a significant part of the
packaging needs, makes it competitive for new entrants to establish themselves and gain a
considerable market share.
• Furthermore, government policies are strict in the industry, with mandatory safety and
Switching Costs or Sunk Costs health regulations requiring long approval processes. The strict rules concerning plastic
usage for manufacturing and recycling plastic packaging could act against new entrants,
owing to the need to shell out enormous R&D budgets to achieve technological
advancements and differentiate themselves in the market.
Access to Distribution
• However, with proper funding, new entrants could leverage economies of scale by
innovating the manufacturing process and obtaining high-volume production. The upfront
capital requirements are higher, which may be a restraining factor for the new market
entrants.
Industry Profitability (Market CAGR)
• Overall, the threat of new entrants is moderate but is expected to increase during the
forecast period.
Capital Requirements
SUMMARY |
4.2.4 THREAT OF SUBSTITUTES

Unfavourable
Low Favourable
High • The threat of substitute products and services is defined as the threat to the market from
1 substitutes that can replace the existing product or service entirely or partially.
FACTORS 0 2 4 6 8 10
0
• The substitute products challenging the market are pouches, glass bottles, etc. Glass
bottles are increasingly used by replacing PET beverage packaging products owing to
Buyer propensity to substitute
various benefits such as convenience and portability.
• The buyer propensity to substitute is growing in the industry, while the price performance
and switching costs support new products. The introduction of various plastic packaging
offer similar properties to PET bottles, overtaking the market studied.
• For instance, pouches that provide a multi-laminated layer, assisted by modified
Relative price performance of substitute
atmosphere packaging, are becoming an increasingly popular form of packaging for the
industry. Therefore, substitutes are expected to pose a solid threat to the market studied.
• The buyer’s propensity to choose a substitute product has been fragmented over time, as
different products demand different packaging styles to conserve the essence of the
Perceived level of product/service product, particularly in the beverage industry.
differentiation
• Most of the factors support substitutes in the market studied. Thus, the threat of substitute
products is moderately high in the market studied and is expected to remain the same
throughout the forecast period.
Quality depreciation
Number of substitute products available in

the market
SUMMARY |
4.2.5 INTENSITY OF COMPETITIVE RIVALRY

Unfavourable
Low Favourable
High • The PET beverage packaging market comprises several players competing for attention in a
1 contested market. As the market has low barriers to entry for new players, several new
FACTORS 0 2 4 6 8 10
0 entrants have gained traction.
• The market is distinguished by low product differentiation, growing levels of product
Sustainable competitive advantage through penetration, and competitive strategy. Generally, the products are offered in bulk.
innovation
• Sustainable competitive advantage can be gained through innovative design, technology,
and application innovation.
• The market incumbents are adopting powerful competitive strategies characterized by
Levels of market penetration
acquisitions, partnerships activities, a strong emphasis on R&D, and innovative
technological activities.
• The COVID-19 pandemic resulted in a rise in demand for packaging aided by the growing
Barriers to Exit demand from the beverage industry, which will likely continue for the next few years.
• Likewise, the manufacturing capability is expected to see a shift in production toward such
trends, strengthening the competitive rivalry.
• Product innovation can bring about a sustainable competitive advantage. The firm
Powerful Competitive Strategy
concentration ratio is anticipated to record higher growth over the forecast period as
several players consider the market a lucrative chance to consolidate their product
offerings.
Firm concentration ratio • However, product development cycles and relatively high exit barriers are a few factors
affecting firms in the market. The competitive rivalry is high and is expected to be increase
during the forecast period.
Degree of transparency
SUMMARY |
4.3 INDUSTRY VALUE CHAIN ANALYSIS
RAW MATERIAL PACKAGING END-USER RECOVERY AND

CONSUMERS
SUPPLIERS MANUFACTURERS INDUSTRIES RECYCLING
• Plastic Resin Suppliers such as
PET
CONVERTERS
• Raw material suppliers that provide resins, such as polyethylene terephthalate, form the first stage of the value chain. Usually, PET beverage packaging manufacturers procure raw materials from third-
party sources locally to reduce transportation and unnecessary costs and ascend profit margins. Equipment suppliers to these manufacturers also have a huge market influence on value proposition,
impacting quality and efficiency.
• The second stage of the value chain includes manufacturers of PET beverage packaging products. Enterprises operating in this value chain stage customize the product for their end-user based on the
type of application. The critical players in this value chain stage include Amcor Ltd, Gerresheimer AG, Berry Global Group, and Silgan Holdings Inc.
• The last stage of the value chain comprises the end users, including industries such as carbonated drinks, juices, water bottles, alcoholic beverages, and energy drinks, among others. The final products
are distributed either by third-party vendors or through direct distribution to be procured by individual customers. Some percentage of the PET beverage packaging product waste is collected and
recycled to use as raw material for plastic packaging and other plastic products.
SUMMARY |
4.4 ASSESSMENT OF THE IMPACT OF THE UKRAINE-RUSSIA STANDOFF ON THE PLASTIC PACKAGING
MARKET
• The impact of the Russia-Ukraine conflict has been witnessed almost across Europe and other geographies of trade. Major sectors
affected were the supply chain bottlenecks and energy prices that caused problems for raw material suppliers. For European shoppers,
the conflict in Ukraine started to be felt in unexpected places, such as wallets and supermarket shelves. However, the conflict began to
affect other industries, including plastic packaging.
• According to Plastics Industry Association in October 2022, the ongoing Russia-Ukraine War reduced US plastics exports to both
countries. These exports consisted of resin, plastics machinery, molds for plastics, and plastic products. US plastics exports to Russia
decreased from USD 101.1 million to USD 38.0 million, a 62.4% decrease, and exports to Ukraine have dropped by 51.4%, from USD 21.3
million to USD 10.4 million. The war in Ukraine will certainly have global trade-reducing impacts. However, lower trade volume would be
due to slowing global economic growth as financial conditions tighten further and countries continue to battle persistent inflation.
• The industry faced additional shortages and supply chain issues with the Russia-Ukraine War. Resin prices, along with prices for
thermoplastic polymers, are anticipated to rise. Russia is a significant petroleum exporter, but many countries reduced their imports and
placed sanctions on Russia due to the invasion of Ukraine. The longer the sanctions against Russia continue, the fewer oil exports from
Russia are accepted, and the industry is more likely to witness skyrocketing costs for raw materials or even a shortage of plastics and
polymers.
• According to Plastics Europe, the energy and raw materials problem resulting from the war has raised significant challenges for
industries, supply chains, and all EU economies. The high raw materials and energy costs have already affected production levels at
some European sites, leading to a loss of competitiveness from other regions. Plastics are a strategically crucial material for the
European economy, with applications in almost every sector. Its members are therefore working hard to minimize the effects of the
crisis on its downstream value chains and the broader European economy. The situation has highlighted the exposure of the European
plastics industry, and it is anticipated that it will deteriorate Europe’s competitiveness and damage the investment and innovation
needed to transition to a circular plastics economy.
• Plastic suppliers, converters, and the wider packaging industry rely on oil and gas for production. EU associations are attempting to
negotiate internal disputes over rising energy prices incurred during the conflict. Moreover, the Russia-Ukraine war has significantly
impacted the beverage packaging market. Businesses operating in the area with close financial ties to the region are taking the war into
account as they examine how it may affect their operations over the long run. Some of the businesses closing operations in Russia
include Ball Corporation, Coca-Cola, Nestlé, Carlsberg, ABInbev, and ArcelorMittal.
SUMMARY |
4.5 REGULATORY FRAMEWORK

• Polyethylene terephthalate (PET) is a widely used polymer for manufacturing plastic bottles and more products appropriate for water and soft beverages. The benefits of PET include its mechanical
properties, permeation properties, convenience, and recyclability. The recent trends toward adopting a circular economy and the EU Directives regarding the deduction of the impact of plastic products
on the environment have increased significant concerns about the sustainability and future of PET plastics.
• Various industries are witnessing a shift toward sustainable packaging solutions, with the rise of Recycled PET (r-PET) bottles. The beverage industry in India is witnessing a significant shift toward
sustainable packaging solutions, with the rise of recycled PET (r-PET) bottles. As concerns about environmental impact and plastic waste management continue to grow, companies are increasingly
adopting r-PET bottles as an eco-friendly alternative to traditional packaging materials. This article explores the emergence of r-PET in the Indian beverage industry.
• The regulatory framework established by the Food Safety and Standards Authority of India (FSSAI) has been crucial in promoting recycled plastics in food contact packaging applications, including R-PET.
In a significant move, the FSSAI approved using recycled plastics as food packaging materials, amending the Plastic Waste Management (PWM) Rules 2021. This amendment allowed products made of
recycled plastics to be used for packaging, storing, carrying, or dispensing products.
• According to European Parliamentary Research Services in March 2023, Europe to take action to attain a reduction in the consumption of single-use plastic products by 2026 compared to 2022, such as
cups for beverages, including their covers and lids, intended for immediate consumption, either on-the-spot or take-away. It also demands that single-use plastic receptacles used to contain liquid that
have caps and lids made of plastic (such as beverage bottles) be placed on the market only if the caps and lids are fixed to the containers during the products' use. It also introduced mandatory recycled
content for beverage bottles manufactured from PET as the primary component. In the EU, PET bottles must include at least 25% recycled plastic by 2025. If new draft packaging rules are passed, the
bar will be extended to 65% and all single-use plastic beverage bottles by 2040. Manufacturers must comply with the EU’s Single-Use Plastics Directive’s minimum requirements for recycled content,
entering into force in 2025.
• Further, beverages are generally regulated by Federal Drug and Administration (FDA) in the United States. Beverage regulations in the United States are subject to state and federal oversight. National
food and beverage safety in the United States falls under several federal regulatory bodies, and jurisdiction is dictated by commodity. The relationships between these bodies and their applications can
sometimes be nuanced and difficult to navigate.
• PET bottling beverage companies must place facilities for the maximum collection of post-consumer PET bottles to be recycled. These regulations would ensure that most PET bottles are collected and
recycled. The fundamental goal of these regulations is to assure the safety and quality of packaged products and protect the environment. The market is expected to be hampered by dynamic regulatory
standards changes, primarily due to rising environmental concerns during the forecast period.
Image Source: Microsoft Stock Images
SUMMARY |
4.6 IMPORT AND EXPORT ANALYSIS

PET BEVERAGE PACKAGING - HS CODE (392330 - CARBOYS, BOTTLES, FLASK OF PLASTICS)
IMPORTS, VALUE IN USD THOUSAND, GLOBAL, 2022 IMPORTS, VOLUME IN TONNES, GLOBAL, 2022
13,74,291
2,59,056
2,25,672
7,95,532
1,49,613
7,13,883 1,40,607
5,57,214
4,57,117 4,53,000 4,31,657 4,10,457 84,176
63,505
55,133
United States Germany France Canada Belgium Netherlands United Italy Germany France Belgium Netherlands United Kingdom Italy Japan
of America Kingdom
Source: Data Curated by Mordor Intelligence from various sources
SUMMARY |
4.6 IMPORT AND EXPORT ANALYSIS

PET BEVERAGE PACKAGING - HS CODE (392330 - CARBOYS, BOTTLES, FLASK OF PLASTICS)
EXPORTS, VALUE IN USD THOUSAND, GLOBAL, 2022 EXPORTS, VOLUME IN TONNES, GLOBAL, 2022
2,70,967
24,53,158
2,42,003
1,46,306
8,65,268 81,234 82,208

8,13,697
73,266
4,84,917 4,61,428 4,25,047
China Germany United States of France Belgium Netherlands

China Germany United States of France Belgium Netherlands
America
America
Source: Data Curated by Mordor Intelligence from various sources
5 MARKET DYNAMICS
#TOC_DIVIDER#
SUMMARY |
5 MARKET DYNAMICS
5.1 Market Drivers
5.1.1 Outstanding Properties of PET
5.1.2 Rising Demand for Sustainable Packaging
5.2 Market Challenges
5.2.1 Regulations Against the Use of Plastic in Some Regions
SUMMARY |
5.1 MARKET DRIVERS
DRIVERS RESTRAINTS
HIGH
IMPACT OUTSTANDING PROPERTIES
OF PET
RISING DEMAND FOR SUSTAINABLE

PACKAGING
REGULATIONS AGAINST THE USE OF

PLASTICS IN SOME REGIONS
LOW
IMPACT
SHORT TERM LONG TERM
SUMMARY |
5.1.1 OUTSTANDING PROPERTIES OF PET SUITED TO BEVERAGE PACKAGING

• PET is made by mixing ethylene glycol and terephthalic acid through condensation, resulting in repeating units of ethylene terephthalate, which
form the polymer. It is semi-crystalline in nature and colorless. Some critical properties contain water resistance and toughness. The material is
shatterproof, which enhances its applicability, and PET plastic is highly recyclable. PET has significant resistance toward water, food, and natural
cause like bacteria, fungi, etc., making it consistent with packaging applications. PET is compatible with injection molding, blow molding,
extrusion molding, and 3D printing processes.
• According to Printex Transparent Packaging in February 2023, PET is identified as safe for beverages by the FDA, Health Canada, EFSA, and
more health agencies. PET plastic features superior resistance to alcohol, aliphatic hydrocarbons, and more liquids. It exhibits moderate
resistance to diluted alkalis and aromatic and halogenated hydrocarbons. It is customizable and provides a durable, cost-effective way of
transporting and protecting goods.
• PET is widely replacing heavy and fragile glass bottles since they offer reusable packaging for mineral water and other beverages, allowing a
more economical transportation process. With its clarity and natural CO2 barrier properties, PET has wide applications and is easily blown into a
bottle or molded into any other shape. PET properties can be improved with colorants, UV blockers, oxygen barriers/scavengers, and other
additives to develop a bottle to match a brand's specific needs.
• In the packaging industry, PET manufactures bottles for soft drinks, water, juices, food jars, and more. The growth is driven by consumer
preference and its properties, such as being lightweight and having a high recycling rate. Several global companies increasingly acknowledge
the urgency of recycling PET into food-grade products, such as beverage containers. For instance, the Coca-Cola Company intends to use 50%
recycled PET in its containers by 2030.
• Coca-Cola India and Zepto announced expanding their collaboration in India to strengthen their commitment to plastic circularity. The 'Return
and Recycle' initiative was launched in November 2022 as a pilot project. The unique initiative established an organized process of collecting
PET bottles with 100% traceability to ensure effective plastic waste management. Zepto and Coca-Cola's partnership is driving the digitization of
their collection strategy by leveraging e-commerce platforms. This move towards digitization makes the process more efficient and boosts
consumer understanding of sustainable collection models, making them key stakeholders in the journey toward sustainability.
• Also, according to Tan Do, PET bottles reduce the carbon footprint of recycled PET and are also sustainable at the end of their life cycle. They
are considered to be one of the popular materials used in the beverage industry. Market vendors are focusing on increasing the recyclability of
PET single-use packaging to adhere to the regulations and create a closed-loop recycling cycle. The increasing emphasis on recycling these
materials is expected to provide growth prospects for PET single-use packaging.
SUMMARY |
5.1.2 RISING DEMAND FOR SUSTAINABLE PACKAGING

• The dynamic lifestyles and consumers' consequential dependence on packaged beverages augment the sales of beverage packaging
products such as bottles and containers. This trend bolsters the sales of PET products, owing to their superior barrier properties,
convenient format, sustainability, high-quality printability, and prudent usage of material resources.
• Energy drinks are witnessing growth due to an increasing trend of athleticism, rising concern for health, and a shift in dietary
patterns due to changing lifestyles. The innovation of new flavors with health benefits is a major driving factor. Millennials in most
countries use PET, as it has a small environmental footprint compared to other plastic materials.
• According to Sidel, bottle-grade PET consumption equals less than 6% of total plastics production and less than 1% of fossil
resources, so banning this packaging material will not solve the environmental issues. Also, recycled PET's (rPET) carbon footprint is
almost five times lower than virgin PET. Its first intrinsic growth aspect is consumer acceptance. Individuals are ready to consume
their beverages in 100% rPET bottles. The second factor is the exterior regulation changes within the EU. The directive on SUP
passed will significantly impact the future packaging value stream. By 2025, the EU demands 25% of mandatory rPET content in
bottles. This figure is expected to reach 30% of all plastic bottles by 2030, with significant players in the industry opting for more
ambitious targets.
• Various companies operating in the industry are conducting studies to know the impact of PET on the environment. For instance, in
March 2023, the National Association for PET Container Resources (NAPCOR) released a Life Cycle Assessment (LCA) of PET plastic,
glass, and aluminum carbonated soft drinks (CSD) and water beverage container systems. The assessment discovered that PET
plastic bottles are significantly more environmentally suitable. Franklin Associates, one of the leading LCA consulting firms,
completed the study. Compared to glass and aluminum containers, PET plastic bottles create less waste, use less water during
production, and generate fewer emissions contributing to acid rain and smog.
• Further, in July 2022, Two of The Coca-Cola Company's prominent brands in North America made significant efforts to support a
circular economy for plastic packaging. DASANI rolled-out bottles made from 100% recycled PET plastic. Sprite transitioned from
green to clear plastic to increase the material's likelihood of being remade into new beverage bottles. The launch helped the
company's system to identify the quality sources of recycled PET (rPET) and production techniques needed to make 100% recycled
plastic bottles. Such innovations drive the demand for PET beverage packaging over the forecast period.
SUMMARY |
5.2 MARKET CHALLENGES
DRIVERS CHALLENGES
HIGH
IMPACT
OUTSTANDING PROPERTIES OF PET
RISING DEMAND FOR SUSTAINABLE PACKAGING
REGULATIONS AGAINST THE USE OF

PLASTICS IN SOME REGIONS
LOW
IMPACT
SHORT TERM LONG TERM
SUMMARY |
5.2.1 REGULATIONS AGAINST THE USE OF PLASTICS IN SOME REGIONS

• The market is anticipated to be significantly challenged due to dynamic changes in regulatory measures, primarily due to increasing environmental concerns. Governments worldwide are responding to
public problems regarding plastic packaging waste, especially plastic packaging waste, and implementing regulations to minimize environmental waste and improve waste management processes. The
increasing understanding regarding the environmental impact of single-use plastic and unsustainable business practices has authorized customers to demand a higher standard of products with less
environmental impact.
• Variations in these regulations create challenges for global companies to provide similar products with similar packaging worldwide. For instance, companies such as Nestlé sell food products in nearly
187 countries, which indicates complying with 187 diverse sets of national regulations on plastic packaging.
• The fundamental goal of these regulations is to assure the safety and quality of packaged products and protect the environment. Plastic has been one of the major pollutants resulting in environmental
degradation. Owing to this, countries have been implementing regulations to reduce plastic usage. The market is expected to be hampered by dynamic regulatory standards changes, primarily due to
rising environmental concerns. France banned single-use plastics from January 2023 to reduce packaging waste. This comes against the backdrop of the tightening of France's waste ban law, anti-waste
law for a circular economy (AGEC), towards a circular economy. This evolution is one step in France's AGEC plan to ban all single-use plastic waste by 2040.
• The Bureau of Indian Standards issued standards or guidelines on how to recover and recycle plastic waste and what products could be manufactured from recycled plastics, including PET. For instance,
the IS 14534: 1998: Guidelines for recovering and recycling plastic waste. This standard prescribes guidelines for selecting, segregating, and processing plastic waste/scrap. This standard also specifies
guidelines to the manufacturers of plastic products about the marking to be used on the finished product to facilitate the identification of the primary raw material. It will also help identify whether the
material used on the product is virgin, recyclate, or a blend of virgin and recyclate.
• Moreover, several states and cities in the United States have regulations restricting or banning single-use plastic products. According to Seaside Sustainability, the U.S. Interior Department has stated
that by 2032, single-use plastic products will be phased out of parks and public lands. Around 480 million acres of federal land will be under this new legislation. To carry this out, the department is
working to set up its action plan, including installing more water fountains and influencing unsustainable public behavior for the better. This is predicted to reduce around 14 million tons of plastic in the
oceans.
• Therefore, consumers are becoming conscious of plastic pollution and increasingly conscious of health and wellness, spending more on products that provide refreshments well within the wellness
trend. Increasing demand from the milk and other beverages sectors would trigger additional activity in the market due to the ability to offer benefits like easy stacking of products and longer shelf life,
driving the demand for PET bottles over the forecast period.
6 GLOBAL BEVERAGE INDUSTRY
LANDSCAPE
#TOC_DIVIDER#
SUMMARY |
• The beverage industry encompasses various beverages, from carbonated soft drinks and juices to coffee, tea, and alcoholic
DISTRIBUTION OF NONALCOHOLIC DRINKS OF VARUN beverages. It caters to consumers with constantly changing preferences for refreshing, indulgent, and indulgent drinks. Health
BEVERAGES, BY VOLUME (%), IN INDIA, 2017-2023* and wellness concerns are driving consumers’ search for healthier beverages. This has increased functional beverages, including
enhanced waters, sports beverages, drinks fortified with vitamins and minerals, and probiotics. Consumers are increasingly
aware of sugar consumption and its impact on their health and well-being. As a result, there’s a growing need for sugar-free,
naturally-sourced, and organic beverages.
100% • During the first half of 2023, consumer spending continues to shrink owing to inflation and economic challenges, especially in
16 the F&B sector, as consumers turn to store brands for cost savings. Beverage businesses that initially invested in high-quality and
90% 18 21
23 23 23 23 natural products are feeling the pinch of increasing costs. Labor costs will likely remain stubbornly high, and regulatory
5 pressures are increasing across the entire supply chain. Large Beverage companies are emphasizing margin over market share,
80% 6
6 allowing smaller brands to win market share by sacrificing margin to play into the hands of an increasingly price-conscious
7 6 7 7 consumer.
70%
• According to the USDA Foreign Agricultural Service report in December 2022, the United States (USA) is the second largest non-
60% alcoholic beverage (NBE) supplier to the Philippines, accounting for 12% of the total market. In 2021, United States export sales
of NBE reached an all-time high of USD 11.4 billion, despite stiff competition from within the country and from Asian countries
50% benefitting from zero-tariff-trade. The report predicted that the United States exports of NBE with an anticipated growth of 20%
in 2022, reaching USD 13.6 billion. The growth outlook is evident due to the strong presence of United States brands and
40% 79 consumer preference for American beverages.
76 73
71 70 70 70 • One of the most significant changes in the global economy, which also impacts the global beverage industry, is the emergence of
30%
new markets. The rapid growth of developing and emerging economies has caused a shift in global consumer spending patterns.
Europe is becoming less relevant, while Asia is increasingly taking the lion’s share of consumer spending worldwide. This trend
20%
highlights the importance of geographical diversification for a sector whose players have traditionally been limited to regional or
10% national markets.
• For instance, in February 2023, Carlsberg announced that it aims to expand in Asia to double its alcohol-free regional
0% opportunities. As a stepping stone to fulfilling its aim, the firm-initiated Chongqing Beer AFB in China and Carsberg Alcohol-Free
2017 2018 2019 2020 2021 2022 2023* in Hongkong and Singapore. The drivers of alcohol-free breweries are mainly backed by the consumers' health and well-being
consciousness that has primarily grown since the pandemic.
Carbonated soft drinks Non carbonated beverages Water
According to Motilal Oswal Group, as per the data published by Varun Beverages, the beverage manufacturing, bottling, and
distributing company, in 2022, carbonated drinks comprised the company’s 70% of sales, water accounted for 23%, and non-
carbonated beverages held only 7% of its sales share.
Source: Motilal Oswal Group; Varun Beverages
SUMMARY |

• According to Snipp Report on Alcoholic Beverage Industry, Spirits sales in the United States hit an all-time high in 2022, driven SALE OF ALCOHOL FROM ONLINE GROCERY, USD MILLION,
by the popularity of cocktails. Ready to Drink (RTD) became the fastest-growing category in the United States in 2022, with UNITED STATES, 2017-2022
the most significant growth in premixed cocktails. Retailers are paying attention. Seventy-one percent of retailers surveyed
reported that the growth of the RTD category had had a lasting impact on how and where they stocked their products.
• In the United States, premiumization drove revenue in all the major spirits, beer, and wine categories. Almost 82% of the total
revenue growth in the United States spirits industry came from selling premium spirits brands. The wine category has also 2,000
1,870
seen premium offerings drive sales, with premium USD 20+ bottles outselling lower-priced brands. In Europe, consumers are
shopping more value, waiting for their favorite brands to be on sale before making a purchase, and in many markets switching 1,800
retailers to get better deals. In 2022, 25% of consumers in the United Kingdom confirmed they buy their beer and wine from 1,620
discount retailers, compared to about 16% in 2021. 1,600
1,490
• According to research, 41% of consumers in the US like to experiment with new or different drink brands when out and about,
and this number jumps to 47% for consumers aged 21-24. In Europe, 38% say they’re more open to experimenting with new 1,400
and different drink brands when they’re out and about, with 59% more likely to upgrade to a premium drink. For instance,
Soju Jinro, the world’s largest-selling spirit brand, partnered with London’s all points east festival in 2022 for a massive 1,200
activation. A two-story bar was built around a huge case of Jinro, where festival-goers could enter an oversize world with a
neon bar, a polaroid zone, and prize-driven games based on traditional Korean games. Local consumers purchased soju Jinro 1,000
26% more than Korean residents.
• Further, Alcoholic beverage consumption at home has increased significantly over the last few years, and online alcohol sales 800
have seen a triple-digit growth rate in recent years. Alcohol e-commerce channel growth rates are expected to continue to
increase in the coming years. Overall, the trend remains positive, and the channel continues to contribute to the overall 600
beverage alcohol market growth significantly. Brands are particularly interested in mining these platforms for valuable 441
insights into their target consumer. 400
• As per a Dutch multinational banking and financial services company, Rabobank, the estimated value of alcohol in online
202
grocery was anticipated to grow to a whopping USD 1,870 million in 2022, from as low as only USD 87 million in 2017. Being a 200
heavily regulated market, startups and companies across the United States have been able to tap into it and create a better 87
digital experience along with better logistics, transforming the industry. Also, according to a study published by Planet, Inc., 0
almost as high as 32.3% of Japanese consumers drink alcoholic beverages at home every day as of May 2022. This growth is 2017 2018 2019 2020 2021 2022
expected in the forecast period also, consequently largely attributing to the online sales of alcoholic beverages in the country. Sales
Source: Rabobank
7 GLOBAL BEVERAGE PACKAGING
INDUSTRY LANDSCAPE
#TOC_DIVIDER#
SUMMARY |

CONSUMPTION OF PACKED BEVERAGES, IN BILLION LITERS, GLOBAL, 2021 AND 2024*
400.00
302.40 298.20
300.00 274.80 271.80
218.20 223.90
172.30 182
200.00 139.60 145.80
118.40 127.10 106.70
98.30
100.00 52 53.10
0.00
China Asia-Pacific North and Central America South America Western Europe Africa/Middle East Russia/CIS/ Eastern Europe Central Europe
2021 2024
Beverage packaging offers tamper resistance and protection and meets the beverages’ physical, chemical, or biological needs. Additionally, beverage packaging encourages nutrition and
guarantees rapid and reliable distribution across the whole value chain. According to an article published by Krones, a key machine manufacturing firms, the global consumption of packed
beverages was around 1.35 trillion liters in 2021. The consumption of packed beverages in China was around 274.8 billion liters in 2021 and is expected to reach around 302.4 billion liters by 2024.
• The rising demand for small, lightweight packaging, including PET bottles and cans, is one of the major trends in the market for beverage packaging. Beverage packaging solutions, especially plastic-
based beverage packaging, are primarily driven by their capacity to substitute lightweight, affordable, and high-performance plastic materials in a variety of applications for materials like glass and
metal. Greater plastic packaging penetration into applications like wine packaging is made possible by improved barrier technologies. Rigid plastic packaging is now available in new and better
formulations from resin manufacturers. Over the projected period, bio-based plastics, particularly 100% bio-based PET bottles, are anticipated to increase market share.
• As per the Journal of Food & Industrial Microbiology report published in 2023, sustainability is now a top priority for the beverage industry. Consumers are increasingly looking for companies that lead
the way in eco-friendly practices, such as packaging innovations, recycling initiatives, and sourcing ethically and sustainably sourced ingredients. Using eco-friendly packaging is becoming increasingly
popular as consumers look for ways to reduce their environmental impact. A variety of regulatory frameworks govern the beverage industry. These frameworks cover everything from labeling and
health claims to safety standards and advertising practices. Companies must navigate these frameworks to ensure compliance while preserving product quality and consumer confidence.
• Consumers in the market are becoming increasingly conscious of health and wellness. From juice in the morning to energy drinks, they are spending more on products that provide refreshments that
are well within the wellness trend. This trend has created a high demand for cost-effective packaging solutions in the beverage packaging segment. Increasing demand for aseptic cartons from the milk
and other dairy beverages sectors would trigger additional activity in the market due to cartons' ability to offer benefits like easy stacking of products and longer shelf life.
Source: Krones
SUMMARY |
MIX OF BEVERAGE BY PACKAGING TYPE, SHARE (%), • Furthermore, with the expected steady increase in alcohol consumption after the lockdown restrictions are eased out, some regions,
including Europe, are expected to focus more on off-premise consumption than on-premise consumption. The off-premise
GLOBAL, 2022 consumption of alcohol is favorable for the growth of the flexible beverage packaging market. For instance, in May 2022, Buen Vato,
the world's first tequila in a cardboard bottle manufactured from 94% recycled material, launched in Europe in July 2022, focusing on
the Swedish market. Tequila Buen Vato aims to revolutionize the beverage business by investing in sustainable manufacturing,
transportation, and CSR initiatives.
18.40
• Sustainability has been the prime focus area for product development and industry mergers and acquisitions for the market players in
the beverage packaging market. For instance, in March 2022, Keurig Dr. Pepper Inc. and German-based sustainable packaging
29.80
company PAPACKS announced the beginning of a collaboration to create a paper bottle that is both 100% recyclable and compostable.
KDP will employ PAPACKS technology, which uses fiber and organic ingredients to make a 100% plastic-free bottle, unlike other
beverage packaging solutions that use plant-based PET plastic or sustainably sourced pulp with a polymer lining. The bottle, label, cap,
and closure are all intended to be compostable or recyclable with other paper items at garbage pickup in most American cities.
12.90 • Moreover, in June 2022, The sustainable beverage packaging company Petainer was acquired by American private equity firm Ara
Partners. Petainer, a UK-based company, creates high-performance, environmentally friendly PET packaging for clients in the soft
drink, beer, water, and other consumer packaged goods (CPG) industries. The business specializes in circular applications, recycled
PET, and multiple-use, refillable bottles (refPET). According to Krones Annual Report 2022, published in March 2023, for beverage
packaging, PET accounted as the highest material with 29.8%, followed by glass bottles with 19.6% and cans with 19.20%
• Moreover, the concept of mini bottles is trending in the market, encouraging manufacturers to look for small-size packaging with
distinctive shapes and design patterns. Therefore, in a bid to reduce prices and the portion of consumables intake, many
19.60 manufacturers reduced the product quantity. The rising inflation in the United States has recently pushed several vendors to reduce
19.20
their packaging size. As of March 2022, according to the Bureau of Labor Statistics, prices increased by 7.9% in the last 12 months.
Recently, Gatorade, the sports drink brand of PepsiCo, replaced its 32 oz size with a 28 oz bottle for the same price. That’s the
equivalent of a 14% price increase.
• The lightweight nature of flexible beverage packaging, such as pouch packaging, particularly in comparison to its traditional
counterparts, such as rigid plastic containers, offers advantages in both costs and environmental footprint during the shipping of
beverages.
PET Glass bottles Cans Cartons Other
Source: Krones
8 MARKET SEGMENTATION
#TOC_DIVIDER#
SUMMARY |
8.1 BY PRODUCT
8.1.1 Bottles
8.1.2 Jars
8.1.3 Lids/Caps & Closures
8.1.4 Other Products
SUMMARY |
8.1 BY PRODUCT - BY REVENUE

PET BEVERAGE PACKAGING MARKET, REVENUE SHARE, BY PET BEVERAGE PACKAGING MARKET, REVENUE IN USD BILLION, BY PRODUCT, GLOBAL, 2021-2028
PRODUCT, GLOBAL, 2022
Product 2021 2022 2023 2024 2025 2026 2027 2028 CAGR (%) (2023-2028)
6.51%
10.34%
Bottles 25.39 26.48 27.63 28.90 30.26 31.78 33.40 35.16 4.94%
3.19%
Jars 1.05 1.06 1.06 1.07 1.08 1.09 1.10 1.12 1.03%
Lids/Caps & Closures 3.29 3.42 3.57 3.73 3.90 4.09 4.29 4.51 4.79%
79.96%
Others 2.11 2.16 2.21 2.26 2.32 2.38 2.44 2.51 2.59%
Total 31.84 33.11 34.46 35.96 37.55 39.34 41.24 43.29 4.67%
Bottles Jars Lids/Caps & Closures Others
SUMMARY |
8.1 BY PRODUCT - BY VOLUME

PET BEVERAGE PACKAGING MARKET, VOLUME SHARE, PET BEVERAGE PACKAGING MARKET, VOLUME IN MILLION TONNES, BY PRODUCT, GLOBAL, 2021-2028
BY PRODUCT, GLOBAL, 2022
Product 2021 2022 2023 2024 2025 2026 2027 2028 CAGR (%) (2023-2028)
5.69%
12.21%
Bottles 16.40 17.03 17.86 18.70 19.30 19.99 20.60 21.15 3.44%
3.98%
Jars 0.85 0.87 0.89 0.91 0.92 0.93 0.94 0.94 1.12%
Lids/Caps & Closures 2.56 2.66 2.79 2.93 3.02 3.13 3.23 3.32 3.51%
78.12%
Others 1.21 1.24 1.28 1.33 1.35 1.38 1.40 1.41 1.89%
Total 21.03 21.80 22.82 23.86 24.59 25.43 26.16 26.81 3.28%
Bottles Jars Lids/Caps & Closures Others
SUMMARY |
8.1.1 BOTTLES
• The market size for the bottles segment in terms of value was estimated at USD 26.48 billion in 2022 and is expected to reach PET BEVERAGE PACKAGING MARKET, REVENUE IN USD
USD 35.16 billion by 2028, growing at a CAGR of 4.94% from 2023 to 2028. The growing demand for packaged water and BILLION, BOTTLES, 2021-2028
carbonated drinks has led to a spike in demand for PET bottles. In addition, increasing environmental awareness and demand for
eco-friendly packaging solutions have led consumers to prefer PET bottles over other packaging materials. CAGR (2023-2028): 4.94%
• PET offers superior stiffness compared to other plastics. It also maintains a robust protective structure and has moisture
resistance. It is used in the production of PET bottles for beverages and liquids. PET is well known because it provides a superior 35.16
oil barrier that helps resist chemicals that can damage plastics. 33.40
• Beverage companies are focused on innovating new solutions. For instance, in line with its goal to transition to 100% recycled 31.78
30.26
and plant-based PET bottles by 2030, the Suntory Group unveiled a prototype PET bottle made from a 100% plant-based 28.90
materials partnership. The bottle was developed in collaboration with US-based Anellotech for Suntory’s Orangina and 27.63
26.48
Tennensui soft drinks brands in the European and Japanese markets. 25.39
• PET is widely favored for plastic bottles (and other uses) because it is 100% recyclable and highly sustainable. It can be recovered
and recycled many times into new products, reducing the number of wasted resources. Over the projected period, bio-based
plastics, particularly 100% bio-based PET bottles, are anticipated to increase market share.
• PET is broadening the use of plastic bottles. There is a rising demand for PET bottles in the bottled and soft water segments.
Manufacturers prefer PET over other plastic packaging products because it requires less raw material during production than
other plastic goods do. Its recycling flexibility and the ability to add multiple colors and designs make it a popular option. The
demand for refillable products has increased due to consumers' increased environmental consciousness.
• The rPET bottle is made from recycled, food-grade PET. These bottles encounter a recycling process approved by the US FDA and
the European Food Safety Authority (EFSA) for food-grade recycled materials. This plastic is then converted into new PET bottles,
reducing the need for virgin plastic in production. By using rPET bottles, raw resources are conserved, and the amount of plastic
waste released into the environment is widely eliminated.
• In July 2023, Pepsico India, a global consumer goods company, announced its ambition to introduce cent percent recycled
polyethylene terephthalate (rPET) bottles for its soft drink ranges. The company is initiating the launch of these bottles owing to
2021 2022 2023 2024 2025 2026 2027 2028
its efforts to build a positive value chain for the circular economy system.
Bottles
SUMMARY |
8.1.1 BOTTLES
RETAIL SALES OF FLAVORED BOTTLED WATER, IN USD • Polyethylene terephthalate (PET) bottles are gaining a presence in various product areas. Low cost, low weight, and ongoing developments in
BILLION, UNITED STATES, 2015-2022 printing technology have led to PET bottles gaining popularity among premium consumers. PET bottles are mostly used for water bottles.
Moreover, PET bottles are also used for packaging sodas, beverages, juices, cooking oil, shampoo, liquid hand soap, pharmaceuticals, and
many more. According to PET Resin Association, most of the single-serving and 2-liter bottles of water and carbonated soft drinks sold in the
United States are made from PET.
• As bottled water sales have demonstrated an uptick in recent years, so has per capita consumption in the United States. In the past ten years,
annual bottled water purchase has increased by nearly 40%, reaching a total of nearly 47 gallons per person by 2021. Bottled water was the
8.00 most consumed beverage by Americans a year earlier, followed by soft drinks in second place. According to Beverage Marketing Corporation
and International Bottled Water Association, the Sales volume of bottled water in the United States has witnessed a steady growth trend. The
sale volume shot up to 15.90 gallons in 2022, starting from 13.20 gallons just five years back in 2017. Notably, according to Agriculture and
7.00
Agri-Food Canada, the retail sales value of flavored bottled water in the United States also increased from USD 3.63 billion in 2015 to USD 7.29
billion in 2022. This growth is expected to be witnessed in the forecast period, also attributing to a substantial push to the market demand for
6.00 PET water bottles.
• Further, in 2022, the average Indian consumed about 16.78 liters of packaged drinking water. The growth rate of India's bottled water industry
5.00
explains the trend toward increasing health and wellness awareness. However, according to UNICEF, less than 50% of India's population has
access to drinking water. According to a United Nations report published before World Water Day on March 2023, India was the 12th largest
consumer of bottled.
4.00 • In June 2023, Coca-Cola led the way in retail by introducing Kinley Bottles, made from 100% recycled PET. Coca-Cola India is committed to
7.29 reducing the use of virgin plastic in its packaging by at least 50% by 2030. This aligns with the company’s commitment to the worldwide cause
3.00 of waste elimination. Coca-Cola has worked towards this goal for many years and has made great strides in reducing virgin plastic consumption
5.64 throughout its value chain. Currently, 90% of the packaging used by Coca-Cola is recyclable, and globally 15% of the used PET (rePET) is
5.12
recycled.
2.00
3.63 • The demand for healthier food alternatives, like fresh milk, is increasing because this type of milk is considered more nutritious and healthier
than shelf-stable milk. According to the OECD data, the estimated consumption volume of fresh dairy products in the EU-28 would increase to
1.00 about 37 million tons by 2028. In September 2022, Amcor Introduced DairySeal, the latest innovation in Amcor Rigid packaging (ARP) that
showcases ClearCor, a state-of-the-art PET barrier-based packaging solution. DairySeal is set to revolutionize the rapidly growing nutritional,
dairy alternative, and ready-to-drink (RTD) market by providing a sustainable packaging solution for all retail channels. According to the
0.00 company’s rigid divisions, Vice President Greg Rosati, PET is the most extensively recycled plastic across the globe, and with the introduction of
2015 2018 2019 2022 the DairySeal line, the company could offer PET packaging that enhances sustainability for brands in the beverage industry.
Retail Sales
Source: Agriculture and Agri-Food Canada

SUMMARY |
8.1.2 JARS
• The market size for the Jars segment in terms of value is estimated at USD 1.06 billion in 2022 and is PET BEVERAGE PACKAGING MARKET, REVENUE IN USD BILLION, JARS, BY PRODUCT,
expected to reach USD 1.12 billion by 2028, growing at a CAGR of 1.03% from 2023 to 2028. Owing to 2021-2028
the numerous advantages of PET jars, including being lightweight, almost indestructible, and re-
sealable, they can be made with wide necks for easy pouring and spouting. These are expected to CAGR (2023 TO 2028): 1.03%
witness significant demand growth in the forecast period.
• Several manufacturers across the market provide wide-mouthed PET jars for packaging dry coffee,
drinks, and other energy drinks. Instantaneously, ITC packaging offers PET pots and jars for coffee, tea,
and other hot beverages that are available in different capacities from 415ml and may be used with 1.12
thermo-sealable closing systems.
• These may be customized through glued-on labels, and the containers and the lids are available in 1.10
various colors. The company’s product portfolio of PET jars has multiple options include, PETmulti 330,
PETpack 360, PETpack 415, PETpack 500, PETpack 612, and several others. 1.09
• Notably, as energy drinks become more readily available in these stores and per capita disposable 1.08
income increases, consumers are more likely to purchase impulse, increasing the demand for PET jars
1.07
for discretely packaged beverages like energy drinks like Horlicks and Boost.
1.06
• According to a report published by Monster Beverage Corporation, energy drink unit sales in the 1.06
1.05
United States have risen constantly in the past years, from USD 1040.65 million in 2015 to USD 1506,4
million in 2022. As PET jars are among the major favored choices for packing energy drinks and
beverages. The growing demand for energy drinks would consequently uptick the demand for PET jars
in the forecast period.
• The versatility and flexibility of PET jars allow them to be molded into a broad range of shapes and
sizes, including square, round, and cylindrical. This allows them to be used in both dry and liquid
beverages. The lightweight, wide-mouth, shatterproof, and breakage-resistant properties of PET jars
are increasing the demand for them across the beverage industry.
2021 2022 2023 2024 2025 2026 2027 2028
Jars
SUMMARY |
8.1.3 LIDS/CAPS & CLOSURES

• The market size for the Lids/Caps & Closures segment in terms of value is estimated at USD 3.42 billion in 2022 and is PET BEVERAGE PACKAGING MARKET, REVENUE IN USD BILLION,
expected to reach USD 4.51 billion by 2028, growing at a CAGR of 4.79% from 2023 to 2028. PET caps and closures are LIDS/CAPS & CLOSURES, BY PRODUCT, 2021-2028
essential for extending the shelf-life and retaining the packaged product's taste, flavor, and texture. Besides offering
leak-proof and contamination-resistant features, plastic caps and closures are vital in driving visual appeal, brand CAGR (2023 TO 2028): 4.79%
differentiation, and consumer convenience.
• Standard plastic threaded caps and dispensing closures are the main closures used in the bottled water industry. The
4.51
“on-the-go” lifestyle that today’s consumers lead calls for lightweight, user-friendly devices. Packaging has become
4.29
more compact and practical as a result of this tendency. The manufacturers of custom caps and closures provide
4.09
processing and designs that are lighter and more efficient. With growing worries about the safety and hygiene of
3.90
drinking water, bottled water has emerged as the most common use for plastic closures. It also offers the highest 3.73
growth potential beyond 2022. 3.57
3.42
• The trends in PET packaging include technological advancements in lightweight solutions and the growing emphasis on 3.29
sustainability and recycling. Compression technology for PET preform production is another emerging development.
The United States PET recycling rate increased by more than 29%, as per the NAPCOR (National Association for PET
Container Resources) and the APR (Association of Plastic Recyclers).
• Owing to several companies investing heavily in R&D to develop unique and cost-effective products, the market is
witnessing many innovations. Dow Industries has developed a new range of PET resins portfolio for manufacturing caps
and closures. PET is a clear, durable, lightweight plastic widely used for packing beverages, especially convenience-sized
soft drinks and juices. Virtually all single-serve and 2-liter bottles of carbonated soft drinks and
• Moreover, fruit juices sold in the United States are made from PET. Thus, the rising PET bottle demand also augments
the market’s growth. According to Earth Day organizers, one million plastic bottles are purchased in the United States
every minute. The average American drinks in 167 plastic water bottles annually. Due to the region's growing need for
packaged drinking water, there is an increasing market for PET plastic tops and enclosures.
• Further, China is the world's highest consumer of plastic bottles. According to Packaging Europe, China accounted for
26% of the global PET bottle demand. The increasing usage of plastic bottles in the country increases the plastic caps
and closures requirement. The market is witnessing a trend of attractive colors and printing. As the color, shape, feel,
graphics, and printing of the products communicate the brand’s identity and provide differentiation from the
competitive products on the store shelf, the companies in the market are increasingly focusing on producing eye-
2021 2022 2023 2024 2025 2026 2027 2028
catching packages.
Lids/Caps & Closures
SUMMARY |
8.1.3 LIDS/CAPS & CLOSURES
• Stringent regulations by the FDA, CPSC, and ISO, among others, have
driven product innovation and sophistication across the
pharmaceutical, food and beverage, and cosmetic industries. Cap and
closure manufacturers increasingly use product features, such as
• Since PET is the by far the most recycled plastic packaging type, there has been consistent convenience of use, child resistance, and senior friendliness, to claim
partnership and agreements across the manufacturers to make the most use of the available premium prices. In October 2022, a new two-piece child-resistant cap
recourses. from Rieke was introduced to meet the needs of aging consumers.
Manufacturers and distributors of nutraceutical items can shield
• In January 2023, Berry Global Group Inc., the European plastic packaging manufacturer, was children from unintentional exposure to dangerous products while
the first to deliver a lightweight tethered closure in PET to the Coca-Cola Company. Berry’s furthering their sustainability goals with such recent innovations.
tethered Coca-Cola bottle closure is the first of its kind in Europe and is designed to be • In line with the recent EU regulations on non-returnable PET bottles,
lightweight and tethered with the bottle, reducing the likelihood of littering and increasing the Gerolsteiner, the German mineral water producer, announced that
likelihood of recycling. from March 2023, it started using the new tethered caps. Gerolsteiner
• Backed by the EU’s single-use plastics directive, Berry is the first European plastic packaging first introduced tethered caps on the 1.5 liters of non-refundable PET
bottles. Bottles in the 1.0 liter and the 0.75 liter disposable PET
manufacturer to supply the Coca-Cola company with a tethered closure. The closure is
containers will follow by year-end 2023. The company is expected to
designed to stay attached to the bottle, making recycling easier. Over 400 million bottling complete the conversion process by the first quarter of 2024.
closures have been applied to Coca-Cola bottling lines across German, Spanish, and United
Kingdom bottling lines, with the roll-out continuing to other European bottling sites. • Beverage caps and closures are one of the most popular end-use
industries in the world. Plastic caps and closures are used in various
• According to EU Directive 2019/204, plastic beverage bottles up to 3 l in size must have end-use industries, including alcoholic beverages, non-alcoholic
closures that remain connected to the container throughout their intended use as of July beverages, fruit juice bottles, cartons, dairy products, health drinks,
2024. This partnership contributes to Coca-Cola's objective to achieve 100% recyclability of its nutritional supplements, and energy drinks. The use of plastic in the
packaging worldwide by 2025. caps and closures industry has been on the rise for several reasons,
including cost-efficiency, durability, customization, and chemical
stability.
SUMMARY |
8.1.4 OTHERS
• The other segment includes PET containers, Kegs Canisters, and PET pouches. The market size for the Others segment in terms PET BEVERAGE PACKAGING MARKET, REVENUE IN USD
of value was estimated at USD 2.16 billion in 2022 and is expected to reach USD 2.51 billion by 2028, growing at a CAGR of BILLION, OTHERS, BY PRODUCT, 2021-2028
2.59% from 2023 to 2028.
CAGR (2023-2028): 2.59%
• PET canisters are used to store and transport fluids in food and beverages. PET is a thermoplastic derived from the polyester
family. It is commonly used as a packaging material for foods, drinks, and other fluids. PET cans are highly durable and impact-
resistant. They offer superior protection and are often used to fill various beverages. Several companies provide a wide range of 2.51
PET canister product offerings. For instance, Berry Global offers broad options for PET canisters for Europeans with improved
recyclable plastics with a reduced Carbon Footprint. 2.44
• Furthermore, demand for PET pouches is being fueled by the consumption of the go beverages in emerging countries across the
globe. Big brands are eyeing this lucrative space, providing ultra-convenient coffee, tea, and other fruit juices and convenient 2.38
drinks in PET pouches. Flexible packaging is becoming increasingly attractive to manufacturers and consumers due to the
increasing pressure on companies to reduce carbon emissions and become more sustainable. For instance, Sun Shine 2.32
Fabricators, a leading manufacturer of PET pouches, provides a wide array of PET pouches, including 200 ml spot juice pouches,
200 ml plastic bottle shape pouches, plastic bottle shape pouch 150 ml, 100 ml bottle shapes pouches, and 100 ml bottle shape 2.26
pouch, 50 ml plastic fruit shapes pouch, and others. 2.21
• Notably, there is a growing preference for alcoholic beverages. This trend is likely to help the market in the long run. In addition,
2.16
the consumer lifestyle is changing, and per capita income is increasing. As a result, there is a growing demand for high-end
products like craft beer and draught beer. PET kegs help to preserve the quality and taste of alcoholic beverages for long periods 2.11
of time. In September 2022, Keg King unveiled the introduction of a new PET keg of 10 liters capacity. Formulated from the same
high-strength oxygen barrier PET material used in the 20-liter king keg and available in A Type and D Type variety spear options,
10-liter king kegs are also pressure tested individually to 5 Bar at the company’s patented manufacturing process at Springvale,
Victoria site.
• Previously, it was assumed that returnable PET containers play an insignificant role in the beverage packaging market. However,
the key packaging firms Krones and Alpla's recent research states that a PET container offers optimal conditions for sensitive
products in the cold chain (ESL), like juice and milk. The companies collaborated to make use of PET in the beverage packaging
industry. Jorg Schwarzer, project lead at Alpa, stated that with the help of their material sciences, PET containers could now be 2021 2022 2023 2024 2025 2026 2027 2028
used for sensitive beverages like juices and dairy products.
Others
SUMMARY |
8.2 BY END-USER INDUSTRY

8.2.1 Carbonated Drinks
8.2.2 Juices
8.2.3 Water Bottles
8.2.4 Alcoholic Beverages
8.2.5 Energy Drinks
8.2.6 Other End-user Industries
SUMMARY |
8.2 BY END-USER INDUSTRY - BY REVENUE
PET BEVERAGE PACKAGING MARKET, MARKET SHARE (%), BY PET BEVERAGE PACKAGING MARKET, REVENUE IN USD BILLION, BY END-USER INDUSTRY, GLOBAL, 2021-2028
END-USER INDUSTRY, GLOBAL, 2022
CAGR (%) (2023-2028)

End-User Industry 2021 2022 2023 2024 2025 2026 2027 2028
44.46%
Carbonated Drinks 11.88 12.41 12.97 13.59 14.26 15.00 15.79 16.66 5.13%
4.43% Juices 1.54 1.57 1.60 1.64 1.68 1.73 1.78 1.83 2.71%
7.81%
Water Bottles 14.10 14.67 15.28 15.96 16.67 17.48 18.34 19.26 4.74%
2.29%
Alcoholic Beverages 2.48 2.59 2.70 2.83 2.97 3.12 3.28 3.46 5.05%
37.48%
3.53%
Energy Drinks 0.74 0.76 0.77 0.79 0.81 0.83 0.86 0.88 2.69%
Carbonated Drinks Juices

Other End-user Industries 1.10 1.12 1.13 1.14 1.16 1.17 1.19 1.20 1.24%
Water Bottles Alcoholic Beverages
Energy Drinks Other End-user Industries Total 31.84 33.11 34.46 35.96 37.55 39.34 41.24 43.29 4.67%
SUMMARY |
8.2 BY END-USER INDUSTRY - BY VOLUME
PET BEVERAGE PACKAGING MARKET, VOLUME SHARE (%), BY PET BEVERAGE PACKAGING MARKET, VOLUME IN MILLION TONNES, BY END-USER INDUSTRY, GLOBAL, 2021-2028
END-USER INDUSTRY, GLOBAL, 2022
1.89% 3.01%
CAGR (%) (2023-2028)
End-user Industry 2021 2022 2023 2024 2025 2026 2027 2028
Carbonated Drinks 7.87 8.18 8.59 9.01 9.30 9.65 9.95 10.22 3.54%
8.40%
37.54%
Juices 0.91 0.93 0.96 0.98 0.99 1.01 1.02 1.03 1.43%
Water Bottles 9.43 9.78 10.25 10.72 11.05 11.43 11.77 12.07 3.32%
Alcoholic Beverages 1.76 1.83 1.92 2.02 2.09 2.17 2.24 2.31 3.70%
44.89%
4.27%
Energy Drinks 0.40 0.41 0.43 0.44 0.45 0.46 0.46 0.47 1.93%
Other End-user Industries 0.64 0.66 0.68 0.69 0.70 0.71 0.72 0.72 1.32%
Carbonated Drinks Juices
Water Bottles Alcoholic Beverages Total 21.03 21.80 22.82 23.86 24.59 25.43 26.16 26.81 3.28%
Energy Drinks Other End-user Industries
SUMMARY |
8.2.1 CARBONATED DRINKS

• The market size for the Carbonated Drinks segment in terms of value is estimated at USD 12.41 billion in PET BEVERAGE PACKAGING MARKET, REVENUE IN USD BILLION, CARBONATED
2022 and is expected to reach USD 16.66 billion by 2028, growing at a CAGR of 5.13% from 2023 to 2028. DRINKS, GLOBAL, 2021-2028
PET bottles provide an advantage over other packaging as they are available in larger sizes, from 200 ml to 3
liters, making them versatile. Compared to glass production, PET packaging has significantly lower carbon CAGR (2023-2028): 5.13%
dioxide emissions since it is produced at a lower temperature and with less energy. PET is a reasonable
choice when selecting the ideal material for producing carbonated beverage bottles. 16.66
15.79
• In addition to providing durability and safety during shipping, a bottle made of this material also ensures 15.00
ease of use, allows for the right presentation of the product, and is inexpensive and environmentally 14.26
beneficial to produce. 13.59
12.97
• In the beverage industry, the carbonated beverage market is maturing. A lot has recently changed, which is 12.41
11.88
anticipated to continue for the foreseeable future. In recent years, consumers have become more health-
conscious. Consumers spend more money on products that are safe to consume and stay fresh.
• The need for environmental sustainability largely influences soft drink packaging design. PET bottle
producers use life cycle analyses to show that their packaging is the most responsible choice for brands and
consumers.
• For instance, the National Association for PET Container Resources has conducted preliminary research that
confirms PET bottles are the most environmentally friendly option. Their findings show that PET bottle
manufacturing produces significantly less emissions and waste than aluminum cans and glass bottles. PET
bottles have 81% less sulfur dioxide emissions, 73% less solid waste, 51% less CO2 emissions, 35% less ozone
emissions, and 26% less energy than aluminum cans. Compared to glass, PET bottles produce 168% less solid
waste, 145% less sulfur dioxide emissions, 120% less CO2 emissions, 97% less water consumed, and 96% less
energy consumed.
• Therefore, when choosing a container for carbonated beverages, PET plastic bottles have a lesser negative
impact on various environmental factors such as greenhouse gas emissions, energy consumption, water
usage, smog, acid rain, and eutrophication potential. 2021 2022 2023 2024 2025 2026 2027 2028
Carbonated Drinks
SUMMARY |
8.2.1 CARBONATED DRINKS

PACKAGING DISTRIBUTION MIX OF COCA-COLA'S PRODUCTS, IN PERCENTAGE, BY TYPE, • In January 2023, Berry Global partnered with The Coca-Cola Company to offer tethered
GLOBAL 2021 lids for polyethylene terephthalate (PET) bottles in the European Union (EU). The PET
bottles that Coca-Cola uses for its carbonated soft drinks will come with lightweight lids.
Berry Global and Coca-Cola on Coca-Cola bottling lines in Germany, Spain, and the UK
have already installed more than 400 million tethered lids. There are plans to extend this
Pouches 0.40
to other European Coca-Cola factories, such as France.
• Moreover, UNESDA soft drink beverage packing pledged to make the EU (European
Refillable PET plastic 1.50 Union) fully circular by 2030. According to the company, the bottle packaging sector
includes 90% collection of recyclable packaging. For instance, the company has
polyethylene terephthalate (PET) bottles made from 100 percent recycled and renewable
Non-refillable glass 1.60 material.
• In May 2022, Coca-Cola Europacific Partners (CCEP) enhanced the environmental
sustainability credentials of its carbonated PET soft drink bottles with new lightweight
Cartons/juice boxes 3
necks and attached caps. The move is a part of Coca-Cola's World Without Waste
initiative, which involves reducing the environmental effect of its packaging. By 2025,
CCEP intends to eliminate three million tons of virgin plastic from fossil fuel sources and
Refillable glass 9.40
make 100% of its main packaging recyclable.
• Furthermore, Cherkasy Brewery Company in Ukraine has upgraded its equipment for
Other 9.70 producing PET bottles by purchasing a blow molding machine from PET Technologies. This
machine is now part of a complete filling line. In early 2023, the company acquired the
APF-Max 8, an automatic blow molding machine that produces four different formats of
Aluminium and steel 25.70 PET bottles ranging from 500ml to 2 liters. PET Technologies played a vital role in the
design process, as it was crucial to ensure that the technological component was perfect.
47.30
The previous bottle designs used by the brewery did not always withstand the high
PET plastic carbonation levels found in beer and lemonades, causing them to deform during long-
term storage despite their weight.
Packaging Distribution Mix (%)
Source: Coca-Cola Company
SUMMARY |
8.2.2 JUICES
• The market size for the juices segment in terms of value is estimated at USD 1.57 billion in 2022 and is expected to reach USD PET BEVERAGE PACKAGING MARKET, REVENUE IN USD BILLION,
1.83 billion by 2028, growing at a CAGR of 2.71% from 2023 to 2028. Packaging non-alcoholic drinks such as juices, and fruit JUICES, GLOBAL, 2021-2028
pulps, among others, is a complex, specialized branch in the packaging industry.
CAGR (2023 TO 2028): 2.71%
• Major factors driving the market are increasing consumption of fruit juices, introducing fruit and vegetable mixes, and rising
disposable income in emerging markets. The adoption of a healthier lifestyle and the emergence of cold-pressed juices are
increasing the market potential in the coming years. Consumption of soft drinks such as soft drinks, colas, flavored sodas, and 1.83
other sugar-sweetened beverages is declining worldwide.
• According to the Fruit Products Order (FPO) 1955 Act, fruit beverages or fruits drinks prepared from fruit juice and water or 1.78
carbonated water containing sugar, dextrose, inverted sugar, or liquid glucose should be packaged in food-grade bottles and
1.73
containers that adhere to specific mandates. The minimum percentage of fruit juice in the final product is generally less than
5%, whereas fruit syrup connotes sweetened fruit juice of not less than 25% of fruit juice.
1.68
• Melbourne's Donny Boy Fresh Food Company has developed a new line of juices called Preshafruit, which boasts a unique PET
1.64
bottle design and production process and a higher nutritional value than pasteurized juice products. The 100% juice range
features a wedge-shaped 350ml bottle created by VIP Packaging, a leading provider of packaging solutions. Using traditional 1.60
PET equipment and PET performs, specific processing parameters were established to manufacture the distinctive triangular 1.57
form. This led to an exclusive chance for packaging and advertising, as no other juice product has been bottled in this shape.
1.54
• Furthermore, in February 2021, Varun Beverages Ltd, a subsidiary of RJ Corp Group, one of the largest franchises for PepsiCo
Inc. globally, installed Sidel's Aseptic Combi Predis in its new plant in Punjab, India. This pivotal project aims to expand PET
bottle production capacity and provide flexibility for Pepsi's Tropicana Juice range and Crème Bell's brand milk. RJ Corp is the
first in India to market Liquid Dairy (LDP) in its PET. Such installations in the region will improve the PET fruit juice packaging
market.
• However, according to AJIN (European Fruit Juice Association), the fruit juice industry faces a unique challenge that sets it
apart from other sectors like soft drinks and water. Unlike these industries, fruit juice cannot be packaged in reusable PET
bottles because it cannot withstand the heat treatments required to stabilize the juices and nectars. These bottles develop 2021 2022 2023 2024 2025 2026 2027 2028
cracks after being washed and refilled, which allows microorganisms to enter and contaminate the product.
Juices
SUMMARY |
8.2.3 WATER BOTTLES

• The market size for the water bottles segment in terms of value is estimated at USD 14.67 billion in 2022 and is expected to PET BEVERAGE PACKAGING MARKET, REVENUE IN USD BILLION,
reach USD 19.26 billion by 2028, growing at a CAGR of 4.74% from 2023 to 2028. The beverage industry is one of the WATER BOTTLES, GLOBAL, 2021-2028
pioneers with considerable expansion and technology modernization investments. Packaging water is a complex technical
area of the industry. The packaged and bottled water packaging industries are experiencing rapid growth as public CAGR (2023 TO 2028): 4.74%
awareness of the need for pure drinking water increases.
• Bottled water is considered one of the most consumed beverages due to its convenience. The bottle packaging is also
suitable for long-distance transportation of water. Boiling water at home is time-consuming and energy inefficient. This is
anticipated to contribute significantly to the growth of the bottled water packaging market. In emerging markets, it has
become a symbol of a healthy lifestyle. 19.26
18.34
• There are different types of bottled water, each with different origins, compositions, and processing requirements. 17.48
Advances in mineral water have led to increased consumption worldwide due to its high benefits and positive health 16.67
15.96
impacts. Growing demand for mineral water from natural sources stored in quality bottles drives the growth rate of the 15.28
14.67
bottled water packaging market. 14.10
• Owing to the significant increase in the number of players and increasing focus on attractive packaging. Major players'
increased spending on advertising and marketing activities to reach many consumers and generate profits is anticipated to
complement the market's growth over the forecast period. Moreover, manufacturers are innovating bottled water, such as
water infused with water from unscathed glaciers. This will likely attract new consumers to experience the feel of water to
keep up with their hydration, thus driving the bottled water packaging market.
• In July 2022, two of the Coca-Cola Company’s prominent brands in North America took significant steps to support a
circular economy for plastic packaging. DASANI rolls out bottles made from 100% recycled PET plastic. Sprite is transitioning
from green to clear plastic to improve the material’s odds of being remade into new beverage bottles.
• Further, DASANI bottles in the United States from 20-oz. and 1.5-liter singles to 10-oz. and 12-oz. multipacks—will be
offered in 100% recycled plastic. The transformation supports DASANI’s pledge to remove 2 billion virgin plastic bottles
from production by 2027 and the company’s World Without a Waste goal to use at least 50% recycled material in its bottles
and cans by 2030. By moving brands to 100% recycled plastic, the company expects to save more than 20 million pounds of
2021 2022 2023 2024 2025 2026 2027 2028
virgin plastic and reduce greenhouse gas emissions by more than 25,000 tons in 2023 alone.
Water Bottles

SUMMARY |
8.2.3 WATER BOTTLES

• Recently, in June 2023, ZenWTR introduced a new look for its brand, emphasizing its commitment SALES VOLUME OF BOTTLED WATER, IN BILLION GALLONS, UNITED STATES, 2015-2022
to preserving the ocean and promoting sustainability. The company is the first to use certified
ocean-bound PET plastic in its bottles and is dedicated to providing high-quality water while
encouraging positive change in the beverage industry and among consumers.
• In August 2022, Fiji Water transitioned to 100% post-consumer recycled PET bottles for its 330- and
500-ml package sizes in the United States. This move will replace nearly 65% of its bottled water
volume with recycled material, aligning with a multifaceted initiative launched to "transform its use 15.90
of plastic while enabling a circular economy." The plan calls for 100% rPET in all its bottles, among 15.30
15
other strategies, by 2025. 14.40
13.85
• Also, in June 2021, Nestlé developed two new packaging innovations for its Vittel natural mineral 13.20
12.43
water bottles. The novel water bottles are designed to perform just like traditional plastic bottles
but with much less plastic. Its first innovation is that the Vittel GO system consists of a reusable 11.52
hard-protecting case intended to hold 50cl refills of Vittel natural mineral water made with 40%
less plastic than a traditional 50cl Vittel bottle. The bottles are made with as little recycled plastic
as possible, making them highly flexible and lightweight. This means it is used with a reusable
protective sleeve to make drinking water more accessible.
• According to a recent life cycle assessment (LCA) report released in March 2023 from the National
Association for PET Container Resources (NAPCOR), PET plastic bottles offer more excellent
environmental benefits than glass and aluminum bottles. The report states that PET bottles can be
100% recycled and made with 100% recycled materials.
• Compared to glass bottles for carbonated soft drinks (CSD) and aluminum cans for water bottles,
PET bottles have a lower environmental impact across most categories. In addition to contributing
to reducing global warming, PET plastic bottles have the added benefit of producing less solid
waste, using less water, and emitting fewer harmful substances during production that can
negatively impact air and water quality.
2015 2016 2017 2018 2019 2020 2021 2022
Sales Volume
Source: International Bottled Water Association
SUMMARY |
8.2.4 ALCOHOLIC BEVERAGES

• The market size for the alcoholic beverages segment in terms of value is estimated at USD 2.59 billion in 2022 and is PET BEVERAGE PACKAGING MARKET, REVENUE IN USD BILLION,
expected to reach USD 3.46 billion by 2028, growing at a CAGR of 5.05% from 2023 to 2028. Several beverage alcohol ALCOHOLIC BEVERAGES, GLOBAL, 2021-2028
companies are considering using PET packaging for their products to enhance their sustainability image, distinguish
themselves from competitors, and possibly guarantee a consistent supply and reduce expenses amid the aluminum CAGR (2023 TO 2028): 5.05%
shortage.
• According to data provided by the Brewers Association, the overall US beer volume sales were up 1% in 2021, while
craft brewer volume sales grew 8%, raising small and independent brewers’ share of the US beer market by volume 3.46
to 13.1%. Further, the Association also suggested that the total number of breweries increase by 2.5%, 9,247 in 2021. 3.28
3.12
Beer is an emerging market for plastics bottling. MillerCoors saw a spike in its 40-ounce and 32-ounce bottle sales 2.97
when it moved from glass to plastic containers. Sporting arenas and venues in the United States are working to 2.83
improve their recycling rates and increase the safety of their patrons. They have adopted the use of plastic beer 2.70
2.59
bottles and biodegradable plastic cups. 2.48
• In January 2022, Biffa PLC, a large integrated waste management company based in the United Kingdom, entered a
partnership with Esterform Packaging, a U.K based independent producer of plastic bottles for alcohol and more, to
supply the bottle producer with recycled plastic. According to a news release from Biffa, Esterform uses about 6,000
metric tons of polyethylene terephthalate (PET) from its factories in Leeds and Worcestershire annually. The deal with
Esterform was signed after the plastic recycled at Biffa’s plant in Seaham was awarded food-grade status by the
European Food Safety Authority.
• Moreover, the demand for alcoholic keg containers is expected to rise as more people drink alcohol since kegs keep
the flavor and properties of the content inside. Additionally, the ease of availability of the beverage due to the
expanding retail market has raised the demand for kegs.
• Manufacturers have been driven to invest in PET plastic kegs due to the high expense of making and recycling metal
kegs. These are offered in ready-to-fill or perform form, which may be blown into a PET container on location as
needed. Depending on the need, they are provided in various capacities of 15, 20, 30, and 40 liters. Furthermore,
plastic kegs weigh less than metal kegs, reducing shipping costs and making recycling easier. Keg packaging is
anticipated to have a bright future in the beverage sector. Plastic barrels can be recycled, and the return cost is lower. 2021 2022 2023 2024 2025 2026 2027 2028
The popularity of kegs, however, has prompted manufacturers to offer kegs for lease, which has led to an increase in Alcoholic Beverages
keg adoption.
SUMMARY |
8.2.5 ENERGY DRINKS

• The market size for the Energy Drinks segment in terms of value is estimated at USD 0.76 billion in 2022 and is expected to PET BEVERAGE PACKAGING MARKET, REVENUE IN USD BILLION,
reach USD 0.88 billion by 2028, growing at a CAGR of 2.69% from 2023 to 2028. Beverages like Sports drinks and energy ENERGY DRINKS, GLOBAL, 2021-2028
drinks are being studied under this segment. With the increasing health consciousness, people are more inclined to drink
sports and energy supplements. CAGR (2023 TO 2028): 2.69%
• The energy drinks packaging market is increasing due to consumer health awareness and a shift from soft to alcoholic
beverages. In addition, increasing product launches with different flavors and assortments and increasing availability in online 0.88
and offline stores are expected to drive the market's growth during the forecast period. However, the adverse health effects
of overconsumption of energy drinks can significantly hinder the market. 0.86
• Moreover, the demand for energy drinks is strong from trading channels. Due to rapid urbanization and changing consumer
0.83
lifestyles, the number of bars, restaurants, hotels, nightclubs, etc., is growing rapidly. In addition, the thriving tourism industry
in different parts of the world also influences the increasing number of trading channels. This will boost the demand for 0.81
energy drinks packaging during the forecast period.
• The fact that PET bottles for energy drinks are lightweight and hence very affordable to ship is one of their many advantages. 0.79
Additionally, plastic energy drink packaging is more resilient than glass, which can shatter, break, and leak during shipment, 0.77
resulting in product loss. Glass is also more expensive to ship due to its weight.
0.76
• Moreover, one of the characteristics of these wholesale energy drink plastic bottles is that they are constructed of clear
0.74
plastic, allowing potential buyers to see the colors and textures of the energy drink right through the bottle and appreciate its
high quality. Manufacturers have two options for labeling products: they can print labels and attach them to the container, or
with many plastic bottles, they can even print the labeling information right on the bottle.
• In January 2022, Ring Container Technologies, a company that produces plastic containers, created a personalized PET
solution that preserves the carbonation in beverages and energy drinks. The bottles, which feature BarrierGuard Enhance
technology, can be tailored to unique shapes, allowing smaller carbonated PET bottles to stand out on store shelves. This
customization also allows for brand differentiation.
• Furthermore, PepsiCo's energy drink Sting has become the company’s quickest-growing brand, outpacing traditional favorites
such as Pepsi-Cola and Mountain Dew. Despite the general decline of carbonated soft drinks, Sting's expansion surpasses
2021 2022 2023 2024 2025 2026 2027 2028
other brands introduced in India over the last 30 years. Meanwhile, PepsiCo India is preparing to unveil rPET bottles made
entirely from recycled materials, demonstrating its dedication to a circular economy. Energy Drinks

SUMMARY |
8.2.6 OTHER END USER INDUSTRY

• The market size for the other end-user industry segment in terms of value is estimated at USD 1.12 billion in 2022 and is PET BEVERAGE PACKAGING MARKET, REVENUE IN USD BILLION,
expected to reach USD 1.20 billion by 2028, growing at a CAGR of 1.24% from 2023 to 2028. The other applications mainly ENERGY DRINKS, GLOBAL, 2021-2028
include milk and ready-to-drink beverages such as iced tea, cold coffee, smoothies, shakes, powdered beverages, etc.
CAGR (2023 TO 2028): 1.24%
• Rising demand for single-serve milk packs is expected to spur the growth of the global milk pack market during the forecast
period. Moreover, health and nutritional benefits associated with using packaging materials have increased the demand for
milk in recent years. They are expected to drive the market during the forecast period. Plastic is an integral part of the milk
1.20
packaging market in terms of materials. Among all dairy products, milk is a primary staple food and an essential part of a
balanced diet containing a high percentage of calcium and other vital nutrients. According to USDA's Economics, Statistics, 1.19
and Market Information System, in December 2022, Milk production in the 24 central states during November totaled 17.5
1.17
billion pounds, which increased 1.4 percent from November 2021.
• Additionally, the market trends in increasing demand for ready-to-mix or powdered beverages in the scope of applications, 1.16
including coffee, protein drinks, and other nutritional drinks, are expected to fuel the demand for PET jars as a viable
packaging solution. 1.14
• Multiple factors, such as microorganisms, light, oxygen, and temperature, can affect liquid dairy products’ quality when 1.13
packaged, such as white milk, flavored milk, enhanced milk, plant milk, soy milk, or yogurt. The 100% recyclable nature of
PET packaging, its superior barrier qualities, and its tight neck and cap seal that protects food safety are all factors that 1.12
have contributed to its expansion. Additionally, PET packaging options can guarantee the highest product protection and
1.10
quality levels, deliver the anticipated shelf life without using aluminum foil for a more sustainable business, and offer clear
to opaque solutions.
• The market is also witnessing increased demand for flavored milk, and vendors are shifting to recyclable plastic bottle
options. For instance, in February 2022, FrieslandCampina announced to produce PET bottles from 100% recycled PET
(rPET). Moreover, the company’s Research & Development department has also developed a Zipper brand to make
separate labels from bottles to recycle them. This has enabled the company to reduce 1.9 million kilos of new plastic. Thus,
catering to the circular economy.
• In September 2022, Amcor Rigid Packaging launched DairySeal, a line of packaging that uses ClearCor, an innovative PET
barrier. This packaging option is more sustainable and can be used across all retail channels, providing a solution for the 2021 2022 2023 2024 2025 2026 2027 2028
growing nutritional, dairy alternatives, and ready-to-drink (RTD) market. Others

SUMMARY |
8.3 BY GEOGRAPHY
8.3.1 North America
8.3.2 Europe
8.3.3 Asia-Pacific
8.3.4 Latin America
8.3.5 Middle East & Africa
SUMMARY |
8.3 BY GEOGRAPHY - BY REVENUE

PET BEVERAGE PACKAGING MARKET, REVENUE SHARE PET BEVERAGE PACKAGING MARKET, REVENUE IN USD BILLION, GEOGRAPHY, 2021-2028
(%), GEOGRAPHY, 2022
BY GEOGRAPHY 2021 2022 2023 2024 2025 2026 2027 2028 CAGR (%) (2023-2028)
5.89%
9.69% North America 8.41 8.67 8.93 9.24 9.56 9.92 10.30 10.72 3.71%
26.18%
Europe 7.54 7.81 8.08 8.39 8.72 9.08 9.47 9.89 4.13%
Asia-Pacific 10.93 11.48 12.07 12.72 13.42 14.21 15.05 15.96 5.75%
34.66%
23.58%
Latin America 3.08 3.21 3.35 3.51 3.67 3.86 4.06 4.27 5.00%
Middle East & Africa 1.89 1.95 2.03 2.10 2.18 2.27 2.36 2.45 3.86%
North America Europe

Asia-Pacific Latin America Total 31.84 33.11 34.46 35.96 37.55 39.34 41.24 43.29 4.67%
Middle East and Africa
SUMMARY |
8.3 BY GEOGRAPHY - BY VOLUME

PET BEVERAGE PACKAGING MARKET, VOLUME SHARE PET BEVERAGE PACKAGING MARKET, VOLUME IN MILLION TONNES, GEOGRAPHY, 2021-2028
(%), GEOGRAPHY, 2022
Geography 2021 2022 2023 2024 2025 2026 2027 2028 CAGR (%) (2023-2028)
5.75%
9.88% 5.48 5.62 5.83 6.04 6.16 6.31 6.42 6.52 2.27%
25.79% North America
Europe 4.69 4.83 5.04 5.24 5.37 5.53 5.66 5.77 2.77%
Asia-Pacific 7.58 7.93 8.38 8.85 9.21 9.62 9.99 10.34 4.28%
36.39%
22.18%
Latin America 2.07 2.15 2.26 2.38 2.46 2.55 2.64 2.71 3.68%
Middle East and Africa 1.21 1.25 1.31 1.36 1.39 1.43 1.45 1.47 2.41%
North America Europe

Asia-Pacific Latin America
Total 21.03 21.80 22.82 23.86 24.59 25.43 26.16 26.81 3.28%
Middle East and Africa
SUMMARY |
8.3.1 NORTH AMERICA

8.3.1.1 United States
8.3.1.2 Canada
SUMMARY |
8.3.1 NORTH AMERICA - BY REVENUE

PET BEVERAGE PACKAGING MARKET, REVENUE SHARE (%), PET BEVERAGE PACKAGING MARKET, REVENUE IN USD BILLION, BY COUNTRY, NORTH AMERICA, 2021-2028
BY COUNTRY, NORTH AMERICA, 2022
CAGR (%)
North America 2021 2022 2023 2024 2025 2026 2027 2028
(2023-2028)
17.87%
United States 6.93 7.12 7.31 7.53 7.77 8.03 8.32 8.62 3.35%
Canada 1.48 1.55 1.62 1.70 1.79 1.89 1.99 2.10 5.27%
82.13%
Total 8.41 8.67 8.93 9.24 9.56 9.92 10.30 10.72 3.71%
United States Canada
SUMMARY |
8.3.1 NORTH AMERICA - BY VOLUME

PET BEVERAGE PACKAGING MARKET, VOLUME SHARE (%), PET BEVERAGE PACKAGING MARKET, VOLUME IN MILLION TONNES, BY COUNTRY, NORTH AMERICA, 2021-2028
BY COUNTRY, NORTH AMERICA, 2022
NORTH AMERICA 2021 2022 2023 2024 2025 2026 2027 2028 CAGR (%) (2023-2028)
14.70%
United States 4.68 4.80 4.97 5.14 5.24 5.36 5.45 5.53 2.17%
Canada 0.80 0.83 0.86 0.90 0.92 0.95 0.97 0.99 2.84%
85.30%
Total 5.48 5.62 5.83 6.04 6.16 6.31 6.42 6.52 2.27%
United States Canada
SUMMARY |
8.3.1.1 UNITED STATES

• North America is anticipated to continue as the consumer beverage packaging industry with significant growth and profit PET BEVERAGE PACKAGING MARKET, REVENUE IN USD BILLION,
margins. It is primarily due to the region's strong demand for consumer drinks and the industry's increasing adoption of UNITED STATES, NORTH AMERICA 2021-2028
automation in beverage packaging. The United States is one of the significant contributors to beverage packaging on a global
level. Moreover, several beverage packaging companies such as Berry Global, Amcor, and many others have their basis in the CAGR (2023 TO 2028): 3.35%
country. The market size for the United Segment in terms of value is estimated at USD 7.12 billion in 2022 and is expected to
reach USD 8.62 billion by 2028, growing at a CAGR of 3.35% from 2023 to 2028.
• PET is preferred by manufacturers over other plastic packaging products because it reduces raw material wastage during the
manufacturing process. PET’s recyclability and the ability to be repurposed in various colors and patterns make it a popular 8.62
option. Refillable products have become increasingly popular as consumers become more aware of environmental issues. This 8.32
8.03
has led to an increase in the demand for refillable products. For example, as of February 2022, one of the leading producers of 7.77
7.53
food-grade rPET in North America is Evergreen, with an investment of USD 200 million and multiple acquisitions. 7.12
7.31
• Notably, according to the Life Cycle Assessment (LCA) presented by National Association for PET Container Resources (NAPCOR), 6.93
the trade association for the PET Packaging Industry in the U.S., Canada, and Mexico in March 2023, the negative environment
caused by the PET bottles are much lesser than that of glass and aluminum. Plastic packaging made from PET is used in more than
70% of beverage bottles owing to its lightweight, clear, and cent percent recyclable characteristics. PET plastic bottles create less
solid waste than glass and aluminum beverage containers, use less water during production, and generate lesser emissions
attributed to acid rain and smog.
• Further, NAPCOR Executive Director Laura Stewart stated that the LCA demonstrated how PET plastic packaging can positively
impact the environment and help the world reach its critical net zero carbon goals. PET bottles are 100% recyclable and can be
made with 100% recycled content. The results of the LCA are expected to be a game-changer for businesses and consumers, as it
confirms once and for all that choosing a PET plastic beverage container is the right choice for the planet.
• Rapid urbanization changes consumer behavior because more and more consumers are interested in sustainability. Additionally,
regulations for sustainable packaging aim to encourage various beverage packaging industries to implement initiatives for
collecting and recycling plastic packaging materials. Therefore, beverage companies are focused on innovating new solutions. For
instance, in line with its goal to transition to 100% recycled and plant-based PET bottles by 2030, the Suntory Group unveiled a
prototype PET bottle made from a 100% plant-based materials partnership. The bottle was developed in collaboration with US-
based Anellotech for Suntory’s Orangina and Tennensui soft drinks brands in the European and Japanese markets.
2021 2022 2023 2024 2025 2026 2027 2028
United States
SUMMARY |

• As per International Bottled Water Association (IBWA), in
CONSUMPTION SHARE OF BEVERAGES, IN %, BY SEGMENT, UNITED STATES, 2022
2022, bottled water is mostly consumed beverage
segment in the United States, accounting for 25%.
Consumers' preference for bottled water and proper
hydration benefits public health. The prevalence of
obesity, diabetes, and heart disease in the country makes
this issue even more crucial. The bottled water business is
dedicated to encouraging consumers to make better
decisions. Because bottled water continues to be the most
widely used packaged beverage in America by volume,
there is a demand for safe, healthful, and convenient
water.
• As per the Harris Poll 2022, which conducted a survey on
behalf of IBWA. Americans drank an average of 46.5 liters
of bottled water compared to 36 liters of soda. Demand
for bottled water has grown by 30% since 2012 as
consumers continue to shift away from other, less-healthy
packaged beverages to bottled water. So much so that
nine out of ten Americans (91%) would like to see the
availability of bottled water more than other beverages.
• The majority of bottled water is made from 100 percent
recyclable PET, which consumers consider the most
recycled and recyclable plastic worldwide. Bottled water
containers can be easily recycled because they are among
the few widely used types of consumer packaging that are
recyclable in the United States.
Source: International Bottled Water Association
SUMMARY |

• In 2022, bottled water reached new all-time highs in terms of consumption and sales in the United MONTHLY RETAIL SALES OF BEER, WINE, AND LIQUOR STORES, IN USD MILLION,
States, according to new data from Beverage Marketing Corp (BMC). The total volume of bottled water UNITED STATES, 2022
sold in the United States in 2022 reached 15.9 billion gallons, the highest volume ever, according to
BMC. This was the seventh consecutive year that bottled water topped carbonated soft drinks. 8,300
Regarding retail dollars, bottled water sales reached USD 46 billion in 2022, up from just over USD 40
billion in 2021. 7,801
• Moreover, recycling is the most crucial environmental factor for beverage packaging, according to the 7,800
findings of the 2022 EcoFocus research, and recyclable packaging continues to be a top priority for
most supermarket consumers. Additionally, customers feel that chilled beverage cartons are less likely
to impact taste than metal and plastic packaging, even though 75% of supermarket shoppers claim that 7,300
beverage packaging can change the flavor of their beverage.
• In response to it, in February 2022, the Coca-Cola Company set a policy objective to increase reusable
6,800
PET packaging usage significantly. The company is collaborating with Burger King and TerraCycle in the
United States for a trial initiative in a few places to minimize single-use packaging waste by providing
reusable food and drink containers.
6,300 6,118 6,138
• As PET has glass-like appearance, these bottles and containers are a good alternative to traditional
5,940
glass packaging for alcoholic beverages. PET bottles are made from heavy preform, and due to their 5,830 5,864 5,854
thick wall, PET bottles would not be flexible but would be hard & strong like glass bottles. In addition to 5,728
5,800 5,639
the advantages of glass, PET bottles remain unbreakable, much lighter, simpler & cheaper in 5,531
production and handling. Therefore, they are widely accepted in the spirit industry.
• According to US Census Bureau, the monthly retail sales in beer, wine, and liquor stores increased 5,300
gradually since the beginning of 2022, with sales amounting to USD 4,889 million in January 2022 to 5,000
4,889
USD 7,801 million in December 2022. According to the report, this is the all-time high record of
monthly spirit sales in the country during the past few years. This positive sales trend is expected to be 4,800
witnessed in the forecast o bolster the demand for PET packaging in the country. Jan Feb Mar Apr May Jun Jul 2022 Aug Sep Oct Nov Dec
2022 2022 2022 2022 2022 2022 2022 2022 2022 2022 2022
Sales
Source: US Census Bureau
SUMMARY |
8.3.1.2 CANADA
• Canada has a significant share of the beverage packaging market at the global level. The four critical PET BEVERAGE PACKAGING MARKET, REVENUE IN USD BILLION, CANADA,
criteria influencing Canadian consumers' decisions are value, convenience, health, and sustainability tend NORTH AMERICA 2021-2028
to account for a sizeable portion of their consumer spending on beverages. The market size for the
Canada segment in terms of value is estimated at USD 1.55 billion in 2022 and is expected to reach USD CAGR (2023 TO 2028): 5.27%
2.10 billion by 2028, growing at a CAGR of 5.27% from 2023 to 2028.
• The base of beverage consumers in Canada would continue to expand due to growing disposable income
in the country. Materials inputs and retail goods ready for consumption are in considerably high demand
2.10
in the Canadian beverage sector. The variety of Canadian consumer profiles has an impact on
1.99
consumption trends. Prices are essential to Canadian customers, who frequently choose less expensive 1.89
options and prefer private brands. 1.79
1.70
• Several packaging companies in the country are trying to enhance the sustainable packaging possible for 1.62
their products. It leads to collaboration initiatives across various firms by cutting carbon emissions or 1.55
1.48
introducing sustainable packaging products in their portfolio. The country has significant recycling rates,
which benefit packaging companies by cutting down the costs incurred due to manufacturing.
• According to Canada Beverage Association, Canada's beverage container recycling systems, including
those for PET beverage bottles, reportedly collect and recycle more than 7 billion containers annually. On
a national level, these programs help recover and recycle around 75% of all beverage containers.
• With Canada’s government on a mission to reduce single-use plastic and reach zero waste by 2030, the
country’s leading plastics industry is asking Canadians to “think differently about plastic” using simple,
evidence-driven information. The recently launched Save Plastic campaign is the driving force behind this
shift in mindset.
• According to Bob Masterson, CEO Chemistry Industry Association of Canada, Industry is leading the way in
innovation and investment in recycling technologies and product and package design. Plastic would
continue contributing to decarbonization in clean energy, food and beverage waste reduction, and many
other areas.
2021 2022 2023 2024 2025 2026 2027 2028
Canada
SUMMARY |
8.3.1.2 CANADA
FORECAST SALES GROWTH OF BEVERAGES AND SOFT • Walking in line with government guidelines, several players nationwide are constantly innovating PET beverage packaging
DRINKS, (%), CANADA, 2018 - 2023 solutions. Recently, Lassonde, one of Canada's largest fruit juices and drinks producers, introduced ready-to-drink bottles with
recycled plastic. As per the Quebec-based company, these new bottles align to use 50% recycled content in post-consumer PET
packaging by 2025.
• Furthermore, in August 2022, Dasani, a brand by the Coca-Cola company, unveiled the launch of bottles made from 100% pet
material. The Coca-Cola Company (Coca-Cola) has two North American brands embracing the circular economy in their plastic
Sports drinks 14 packaging, Dasani and Sprite.
• Dasani is introducing bottles made from 100 percent recycled PET plastic (except for caps and labels). Sprite is transitioning
from green plastic to clear plastic to improve its chances of being recycled into new beverage bottles. The launch enabled the
Concentrates 18 global Coca-Cola system to identify the highest quality sources of rPET and improve the production processes required to
produce 100% recyclable plastic bottles.
• Being rolled out in the summer of 2022, Dasani offered all of its bottles in Canada to be 100% recycled plastic. According to the
Energy drinks 34 company, this change is in line with Dasani’s commitment to reduce the production of virgin plastic bottles by 2 billion bottles
by 2027 (compared to 2021 levels) and to meet the company's World Without Waste objective of using at least 50 percent
recycled material in bottles and cans through 2030.
Ready-to-drink tea 53 • The PET bottle has emerged as the preferred drink packaging among Canadian millennials owing to its ease of use and
environment-friendly nature. The growing popularity of Ready-To-Drink (RTD) beverages in the country is expected to positively
contribute to the demand for PET bottles in the market. Notably, as per the USDA Foreign Agricultural Service report, the
forecasted sales growth of RTD coffee in the period between 2018 to 2023 in the country was estimated to be 113%, and that
Ready-to-drink coffee 113
of soft drinks was only 14%.
• Moreover, the market witnessed increased demand for PET bottles on the back of the uptick in sales for bottled water across
0 20 40 60 80 100 120 the country. As per the Agriculture and Agri-Food Canada study, the retail sales of bottled water in Canada were expected to be
Ready-to-drink coffee Ready-to-drink tea Energy drinks around USD 4.46 billion in 2022, demonstrating a 16% increase from 2018, when retail sales were around USD 3.83 billion. This
uptrend is anticipated to be witnessed in the forecast period, consequently driving the demand for PET bottles in the country.
Concentrates Sports drinks
Source: USDA Foreign Agricultural Service
SUMMARY |
8.3.2 EUROPE
8.3.2.1 France
8.3.2.2 Germany
8.3.2.3 Italy
8.3.2.4 Spain
8.3.2.5 United Kingdom
8.3.2.6 Rest of Europe
SUMMARY |
8.3.2 EUROPE - BY REVENUE
PET BEVERAGE PACKAGING MARKET, REVENUE SHARE PET BEVERAGE PACKAGING MARKET, REVENUE IN USD BILLION, BY COUNTRY, EUROPE, 2021-2028
(%), BY COUNTRY, EUROPE, 2022
CAGR (%) (2023-2028)

Europe 2021 2022 2023 2024 2025 2026 2027 2028
17.79%
France 0.71 0.74 0.77 0.81 0.84 0.88 0.93 0.98 4.80%
8.26%
29.83%
Germany 1.65 1.70 1.75 1.80 1.87 1.93 2.01 2.09 3.62%
12.90%
Italy 0.96 1.01 1.06 1.11 1.17 1.24 1.31 1.39 5.59%
Spain 0.61 0.64 0.68 0.71 0.75 0.79 0.84 0.89 5.66%
9.49%
21.73%
United Kingdom 1.36 1.39 1.41 1.45 1.48 1.52 1.56 1.60 2.47%
Rest of Europe 2.25 2.33 2.41 2.51 2.61 2.72 2.83 2.95 4.13%
France Germany Italy
Total 7.54 7.81 8.08 8.39 8.72 9.08 9.47 9.89 4.13%
Spain United Kingdom Rest of Europe
SUMMARY |
8.3.2 EUROPE - BY VOLUME
PET BEVERAGE PACKAGING MARKET, VOLUME SHARE PET BEVERAGE PACKAGING MARKET, VOLUME IN MILLION TONNES, BY COUNTRY, EUROPE, 2021-2028
(%), BY COUNTRY, EUROPE, 2022
CAGR (%) (2023-2028)

Europe 2021 2022 2023 2024 2025 2026 2027 2028
16.13%
8.94% France 0.48 0.49 0.52 0.54 0.56 0.57 0.59 0.61 3.24%
28.92% Germany 1.10 1.12 1.16 1.21 1.23 1.26 1.28 1.30 2.24%
12.56%
Italy 0.58 0.61 0.64 0.68 0.71 0.74 0.77 0.80 4.39%
Spain 0.41 0.43 0.46 0.49 0.51 0.53 0.55 0.57 4.61%
23.25% 10.20%
United Kingdom 0.77 0.78 0.80 0.82 0.83 0.84 0.84 0.85 1.14%
Rest of Europe 1.36 1.40 1.46 1.51 1.55 1.59 1.62 1.65 2.54%
France Germany Italy
Total 4.69 4.83 5.04 5.24 5.37 5.53 5.66 5.77 2.77%
Spain United Kingdom Rest of Europe
SUMMARY |
8.3.2.1 FRANCE
• The PET beverage packaging market in France was estimated at USD 0.74 billion in 2022. The market is expected to reach USD PET BEVERAGE PACKAGING MARKET, REVENUE IN USD
0.98 billion by 2028, growing at a CAGR of 4.80%. Thus, integrating recycled plastics and significant investments in innovative BILLION, FRANCE, EUROPE, 2021-2028
packaging by various bottled water manufacturers across the region are expected to drive the market for PET bottles over the
forecast period. CAGR (2023 TO 2028): 4.80%
• In the beverage sector, packaging refers to technological innovations that extend the shelf life of products. Packaging interacts
directly with the packaged product to remove residual oxygen, resulting in zero product permeation. By extending the shelf
life of beverage items that might otherwise degrade on store shelves or in warehouses, this trend could save expenses for
businesses. PET is a reliable plastic for packaging direct-to-consumer products, especially beverages and food. It is comparable 0.98
to glass in strength and flexibility but cheaper to manufacture and transport before and after bottling. 0.93
0.88
• The country is witnessing traction for sports drinks and has various leading brands such as Redbull, Monster, Isostar, and 0.84
Lucozade, among others, who offer the product in PET bottles. This increases opportunities for vendors in the market for 0.81
0.77
plastic bottle packaging. Overall, the market is expected to grow steadily from other beverages' sales during the forecast 0.74
0.71
period.
• Further, various companies operating in the region are focused on innovating new PET bottles in the country. For instance, in
March 2023, Packamama and Vinventions partnered to market their Packamama eco-flat bottles in France. As part of this
exclusive distribution agreement, Vinventions' extensive sales specialists offer these innovative wine bottles to winery
customers and the French wine industry. Vinventions is a wine closure solution provider tailored to winemakers' diverse needs
and will protect 3.5 billion bottles by 2022.
• Moreover, Nestlé Waters France recently announced that the bottles for the flavored and on-the-go ranges (formats of less
than 1 liter) of its VITTEL, HEPAR, and CONTREX brands are now made of 100% recycled plastic (rPET). Nestlé Waters is
accelerating the use of recycled materials for the bottles of its natural mineral water lines to have them contain rPET. This is a
significant step toward Nestlé Waters’ goal of achieving carbon neutrality by 2025 for its entire brand portfolio.
• In October 2022, Sidel established a brand-new center devoted to PET recycling. To fully serve the market as it transitions to
higher usage of recovered PET, Sidel would deepen its understanding of PET recycling at its one-of-a-kind small-scale PET
recycling pilot line in Octeville, France. The French packaging sector is going through a transition period to switch from virgin
PET to recycled PET to achieve carbon neutrality. 2021 2022 2023 2024 2025 2026 2027 2028
France

SUMMARY |
8.3.2.1 FRANCE
• Further, in March 2022, the major recycler of PET for beverage bottles, Indorama Ventures, was finally MONTHY CONSUMER PRICE INDEX (CPI) OF ALCOHOL-FREE DRINKS, FRANCE,
selected by French green biotech company Carbios to build the first facility employing their PET bio- AUGUST 2022 - JANUARY 2023
recycling technology. The reference plant is expected to begin operations in 2025 at the PET
116
manufacturing facility of Indorama Ventures in France (Longlaville, Meurthe-et-Moselle), with an
annual processing capacity of approximately 50.000 tonnes of post-consumer PET waste, or 2.5 billion 115.4
PET trays or 2 billion PET bottles. It will assist in meeting the rising demand for more sustainable
packaging from both picky customers and major consumer goods firms, such as Carbios' partners and
115
shareholders (L'Oréal, Michelin, L'Occitane, Nestlé Waters, PepsiCo, Suntory Beverage & Food Europe).
• Indorama Ventures intends to co-invest in this initiative and would consider future advancements 114.32
when expanding Carbios' distinctive biological recycling process to other PET locations. The C-ZYME
technology, developed by Carbios, allows PET—the most widely used plastic in use today, with an 114
estimated 82 million metric tons produced worldwide annually to be broken down into its basic 113.52
monomers, which can then be utilized to create 100% recycled and endlessly recyclable PET.
• Moreover, the fast-paced life encourages the region's working class to opt for packaged drinks they can
113
avail of on the move. Many ready-to-drink beverage manufacturers are shifting to recycled plastic
bottles in the French region.
112.16
• Moreover, manufacturers are innovating bottled water, such as water infused from glaciers. This will
likely attract new consumers to experience the feel of water to keep up with hydration, thus driving 112
the bottled water packaging market. Recently, French bottled water company Evian in partnership with
Loop Industries, developed a prototype bottle made completely of recycled PET. The Evian Loop bottle
is made from plastic waste broken down into constituent monomers, purified, and polymerized into 110.95
Loop PET plastic. Such initiatives by the companies would leverage the market growth for bottled 111
water nationwide. 110.51
• The country is taking all the necessary measures to make PET bottles for carbonated and fruit drinks
packaging eco-friendly due to their lesser weight than glass and a lower rate of in-transit damages to 110
products. Thus, the country is expected to witness traction in the studied market in the coming years. Aug-22 Sep-22 Oct-22 Nov-22 Dec-22 Jan-23
Source: The National Institute of Statistics and Economic Studies France
SUMMARY |
8.3.2.2 GERMANY
• The PET beverage packaging market in Germany was estimated at USD 1.70 billion in 2022. The market is expected to reach USD PET BEVERAGE PACKAGING MARKET, REVENUE IN USD
2.09 billion by 2028, growing at a CAGR of 3.62%. Germany is known for its drinking culture and is one of the few places in the BILLION, GERMANY, EUROPE, 2021-2028
world where people can drink alcohol in public places. Besides alcoholic drinks, soda or coffee are also stimulating cultural
highlights in this country by the consumers, and the demand for beverages is significantly increasing. CAGR (2023 TO 2028): 3.62%
• Current growth categories in the alcoholic beverages include craft beer variations such as pale ale, wheat or lager beer, and
alcohol-free beers. Asian beer brands are also gaining popularity and growing in Germany. Demand for non-alcoholic beer is also
increasing, with market volume expected to double to EUR 1.8 billion by 2025. Changes in consumer preferences have also led to
higher consumption of organic wines, beers, and spirits. 2.09
2.01
1.93
• Many brands embrace higher sustainability standards due to consumer influence and growing legislation to encourage recycling. In 1.87
order to cater sustainable solutions to such major brands, packaging manufacturers are developing sustainable solutions. For 1.80
1.75
instance, in October 2022, Sidel launched the 1SKIN, a label-less recycled PET bottle. The company introduced this bottle for the 1.70
1.65
booming market in sensitive juices, teas, and flavored drinks. The new 1SKIN concept represents a breakthrough in sustainability
and its streamlined design.
• In May 2023, BASF, Krones, Tomra Recycling Sorting, and Südpack collaborated to conduct an industrial trial to demonstrate the
feasibility of a closed-recycling loop for multi-layer packaging. The trial concluded that PET/PE multi-layer packaging can be easily
separated into individual components, which can be used as raw materials in the materials cycle.
• In addition, most parliamentarians in Germany’s Bundestag have approved changes to the German Packaging Law in May 2021,
which is the extension of the mandatory deposit to include PET juice bottles will ultimately come into force as of January 2022.
With this law, stricter regulations are being applied on recyclability and the amount of recyclate in PET bottles, which increased the
adoption of rPET bottles by beverage manufacturers in the country.
• In March 2022, Alpla Group became Germany's largest PET recycling company after acquiring Texplast from the Fromm Group and
all shares in the joint venture PET Recycling Team Wolfen. This acquisition will increase the company's annual processing volume of
PET bottles in Germany to 75,000 tonnes. Alpla is committed to strengthening its efforts in the German recycling industry by
investing in the quality and availability of PET recyclate for the German ‘bottle-to-bottle’ cycle and significantly expanding its
capacities with the acquisition of Texplast, a company based in Bitterfeld-Wolfen, and the joint venture PET Recycling Team
2021 2022 2023 2024 2025 2026 2027 2028
Wolfen.
Germany

SUMMARY |
8.3.2.2 GERMANY
BEVERAGE INDUSTRY, REVENUE IN EUR BILLION, GERMANY, 2016-2022 BEVERAGE INDUSTRY, REVENUE SHARE (%), BY SEGMENTS, GERMANY, 2022
24.00
23.5
23.50
23.00
3.7%
9.5%
22.50 22.37
22.21
22.00 10.5% 36.1%
21.50 21.29 21.24

21.10
21.00 20.79
20.50
20.00
40.3%
19.50
19.00
2016 2017 2018 2019 2020 2021 2022
Beer Soft Drinks and Mineral Water Spirits Grape Wine Malt
Revenue
Source: Statistisches Bundesamt
SUMMARY |
8.3.2.3 ITALY
• The PET beverage packaging market in Italy was estimated at USD 1.01 billion in 2022. The market is expected to reach USD 1.39 PET BEVERAGE PACKAGING MARKET, REVENUE IN USD
billion by 2028, growing at a CAGR of 5.59%. The beverage industry in Italy is considerably large and varied, with the presence of BILLION, ITALY, EUROPE, 2021-2028
many companies specializing in different products, both alcoholic and non-alcoholic, with specific similar characteristics.
CAGR (2023 TO 2028): 5.59%
• The demand for soft drinks in the country has rapidly increased owing to the changing consumer preferences and growth in
consumer spending with the most popular Italian soft drinks such as soda, lemon soda, coke, citron drinks, chinotto, and tonic
water, all sorts of alcohol-free aperitifs, and energy and sports drinks.
1.39
• Moreover, the growing number of health-conscious consumers are increasingly looking for products with nutritional benefits,
1.31
fewer calories, and less sugar that provide pleasure. The trend toward healthier food and drink choices, including soft drinks, has
1.24
also been accentuated by wider societal health concerns. Thus, the increasing demand for healthier soft drinks in Italy will create 1.17
demand for various packaging solutions. In addition, implementing a Sugar Tax on sweetened beverages from January 2023 will 1.11
further support the nutritious drinks segment supporting market growth. 1.06
1.01
0.96
• In response to the growing demand for flavored soft drinks such as low in calories and less sugar and nutritious drinks by
consumers in the country, the ingredient suppliers are expanding their operations with investments in research and development.
In April 2021, Italian ingredients supplier Agrumaria Reggina inaugurated its first R&D center in Northern Italy, in the Lombardy
Region. The "Taste Innovation Center" will focus on developing new products for the beverage industry, with forecasts to grow the
company's juice range and new beverages supporting immunity. The company's new operation will develop prototypes in the
beverage field, including soft drinks, nectars, juice-based beverages, iced tea, spirits, and alcohol, as well as aromatic and
enhanced waters. The growth in the launch of soft drinks is expected to impact the beverage packaging market's growth positively.
• The traditional 330ml standard has dominated the soft drinks sector for decades. But the serving sizes for soft drinks vary in every
country and across different target groups. Most carbonated soft drinks are sold in aluminum cans and PET bottles. However, PET
bottles continue predominating, followed by glass, cans, rigid laminates, and other packaging.
• In March 2022, Coca-Cola Hbc Italia and Sibeg, the two companies responsible for producing, bottling, and distributing Coca-Cola
products in Italy, have decided to join Coripet, a voluntary non-profit consortium that aims to collect and recycle PET bottles after
they have been used. 2021 2022 2023 2024 2025 2026 2027 2028
Italy
SUMMARY |
8.3.2.3 ITALY
• The new Sup (Single Use Plastic) directive, which went into effect on January 14th, 2022, prohibits ESTIMATED SALES VOLUME OF MINERAL WATERS IN MILLION LITERS, BY
disposable items and regulates the end-of-life of PET bottles. This directive also establishes collection PACKAGING TYPE, ITALY, 2021
goals and mandates using rPET to produce new bottles for the first time.
• In November 2022, Coca-Cola HBC opened a new plastic recycling plant in Piedmont, Italy, that can
11,100
transform up to 30,000 tons of PET into entirely recycled PET preforms, which will meet the country's
beverage bottling requirements. The unused factory in Gaglianico was transformed into this innovative
center with an investment of over EUR 30 million. The plant is powered entirely by renewable energy,
reducing up to 70% in CO2 emissions when making a preform compared to virgin plastic.
• Furthermore, a study conducted by IFEU (Institute for Energy and Environmental Research) and
verified by Eco3 shows that using recycled PET in the 0.66L size positively impacts CO2 emissions. The
technology in Gaglianico requires less energy, and 100% renewable electricity is used, resulting in a
70% reduction in CO2 emissions during the production of rPET preforms compared to other plants that
produce virgin PET preforms.
• In October 2022, Coripet, an Italian organization that brings together PET bottle producers and
recyclers, planned to expand the mechanical recycling of PET containers. This expansion will include
collecting and processing opaque PET bottles and bottles with a volume of less than 500 milliliters in
Italian sorting centers starting from January 1, 2023. This move is expected to increase PET collection
volumes by around 7 percent or 20,000 tons annually. To achieve this, 860 reverse vending machines
and compactors were installed throughout Italy, with Coripet reportedly securing a loan of EUR 22
million for this purpose.
• This expansion will bring Italy closer to the targets set by the European Single-Use Plastic Directive 2,200
(SUP), which requires EU member states to collect 77 percent of all bottles placed on the market by
2025, with at least 25 percent of new PET bottles made from recyclate. This collection volume will
increase to 90 percent and the recyclate input volume to 30 percent by 2029.
400
Plastic Bottles Glass Bottles Gallon Bottles and Tetra Pack
Source: Various Sources, Survey By: BEVERFOOD.com Edizioni Srl
SUMMARY |
8.3.2.4 SPAIN
• The PET beverage packaging market in Spain was estimated at USD 0.64 billion in 2022. The market is expected to reach USD PET BEVERAGE PACKAGING MARKET, REVENUE IN USD
0.89 billion by 2028, growing at a CAGR of 5.66%. The demand for energy drinks in Spain has rapidly increased over the years. BILLION, SPAIN, EUROPE, 2021-2028
Although a few players constitute a significant market share, consumers are changing their preferences, which has led to the
development of the PET beverage packaging market. CAGR (2023 TO 2028): 5.66%
• The growing concerns for health and diet have brought trends of sugar and caffeine reduction. An increase in the number of
vegetarians makes the company consider producing dairy-free and plant-based beverages in Spain, which has led to the
0.89
increased demand for beverage packaging.
0.84
• As consumers are becoming more aware of the necessity of healthy products, products with low sugar or zero sugar are 0.79
becoming essential in the energy drink segment. In addition, consumers are also looking for products free from additives and 0.75
added components. Therefore, the launch of 100% natural ingredients beverages is increasing with the demand for packaging 0.71
0.68
solutions. 0.64
0.61
• Low-alcohol cocktails demand has increased in recent years in Spain as these drinks can be a substitute for traditional beer,
which is mostly consumed alcohol in the country, having the greatest mix of flavors and the same percentage of alcohol.
Further, consumers in the country are looking for more comfortable and practical products ready to drink (RTD), which have
primarily emerged in the market, and is expected to propel the market demand.
• In response, the companies are investing in plastic recycling facilities. For instance, in November 2022, Plastipak, a company
specializing in plastic packaging and recycling, announced the opening of a new recycling facility in Toledo, Spain. The facility
will convert PET flakes into food-grade recycled PET (rPET) pellets that can be used directly in new preforms, bottles, and
containers. The company has incorporated advanced energy-saving technologies and equipment, including over 1800
photovoltaic (PV) solar panels installed on the rooftop. These panels are expected to generate over 1339 MWh of electricity
annually, which will be consumed on-site. This will help save more than 443 tonnes of CO2 per year by avoiding the
consumption of electricity from the national grid. Additionally, the facility will use 20,000 tonnes of recycled resin instead of
virgin resin.
• Spain has significant PET packaging manufacturers to fulfill the rising demand for domestic beverage packaging solutions. For 2021 2022 2023 2024 2025 2026 2027 2028
instance, Novapet is a PET production company focusing on innovation, quality, and sustainability, founded in Spain in the late
Spain
1990s based on the SAMCA Group's business vision in the then-emerging market of PET. With offices in Zaragoza and
Barbastro, Novapet has two production sites in Barbastro and Fuenlabrada.
SUMMARY |
8.3.2.5 UNITED KINGDOM

• The market size for the United Kingdom segment in terms of value is estimated at USD 1.39 billion in 2022 and is expected to reach PET BEVERAGE PACKAGING MARKET, REVENUE IN USD BILLION,
USD 1.60 billion by 2028, growing at a CAGR of 2.47% from 2023 to 2028. The beverage packaging sector has seen consumer habits UNITED KINGDOM, EUROPE, 2021-2028
change over the last two years as more and more are purchasing products such as low / no-alcohol and fermented drinks for health
benefits such as reducing stress and fatigue and sustainability. CAGR (2023 TO 2028): 2.47%
• Manufacturers across the country consistently understand their part in eliminating the environmental impact of their packaging
and are dedicated to creating a world where packaging is without waste. For instance, Britvic, a British producer of soft drinks
based out of England, intends to produce all plastic bottles made out of 100% recycled plastic rPET by 2022. Together Pepsico and
Britvic are committed to a circular economy based on plastic packaging and creating a world where no plastic ever goes to waste. 1.60
Pepsico announced that they will be bottling all brands under an exclusive GB bottling agreement with Britvic in 100% recyclable
PET by 2022. 1.56
• This comes from the United Kingdom Government's pledge to reduce avoidable plastic waste. In January 2023, the United Kingdom
government aims to start a deposit return scheme in 2025, aiming to eliminate the drinks containers by 85% within a period of 1.52
three years after the launch. According to British Soft Drinks Association director-general Gavin Partington, by promoting the
circular economy for drink containers in the United Kingdom, the deposit return scheme would encourage consumers to ensure the 1.48
containers they purchase are recycled. The deposit return scheme (DRS) intends to eliminate 85% of beverage waste within three
1.45
years after its introduction across England, Wales, and Northern Ireland.
• Meanwhile, the United Kingdom government introduced its plastic packaging tax (PPT) effective April 2022. Its purpose is to 1.41
promote using recyclable plastic in packaging rather than new plastic. It covers plastic packaging produced in the United Kingdom 1.39
or imported to the United Kingdom that does not have a minimum recycled plastic content by weight of at least 30%. Taxes and
1.36
regulations are the tools that governments have at their disposal to influence behavior toward greener solutions. Companies need
to adapt to the changing tax and regulatory environment, and many of them have also committed to increasing the recycled
content percentage of their packaging. PET is 100% recyclable plastic, and therefore, there would be a demand growth for PET
packaging solutions in the country from the end users’ industries
• Moreover, young millennials are putting a significantly higher priority on sustainability and choosing brands with sustainable
packaging to protect the environment. Therefore, several leading bottled water and soft drinks manufacturers are trying to
eliminate packaging waste in their value chain by 2030 and aiming to achieve at least 70% recycled material by 2025.
• Beverage brands such as PepsiCo announced their plans to use 25% recycled content in their plastic packaging by 2025, while Coca-
Cola Amatil produced carbonated soft drink bottles from 100% recycled plastic. This will gradually move brands from plastic to
metal can packaging and significantly drive the market. 2021 2022 2023 2024 2025 2026 2027 2028
United Kingdom
SUMMARY |
8.3.2.5 UNITED KINGDOM
LEADING SOFT DRINK BRANDS RANKED BY CONVENIENCE SALES VALUE IN GBP MILLION, UNITED KINGDOM, 2022
800 732
700
567
600
487
500 432
400 342
305
300
191 187 168
200 152
100
0
Coca-Cola Pepsi Max Diet Coke Red Bull Coca-Cola Zero Lucozade Energy Tropicana Fanta Evian Lucozade Sport
Source: Independent Retail News
• The rising use of PET bottles drives the country's plastic bottle market due to their simplicity, low cost, and lightweight in various end-user applications, including food, beverage, cosmetics, and
pharmaceuticals. According to the British Plastics Federation, 70% of soft drinks are packaged in PET plastic bottles. According to Independent Retail News, one of the biggest retail news providers in
the United Kingdom, Coca-Cola was the most popular soft drink in the country’s convenience stores in 2022, with GBP 732 million (USD 940.3 million) in sales through convenience channels. The second
most popular soft drink was Pepsi Max, with GBP 567 million (USD 728.33 million) pounds in sales.
• Furthermore, newer filling technologies and the development of heat-resistant PET bottles provided new possibilities and options in the market. While PET bottles are standard in multiple segments,
beverages, cosmetics, sanitary products, and detergents are largely sold in polyethylene (PE) bottles. According to Recycling Bins.co.uk, the country uses 7.7 billion plastic bottles, accounting for 117
bottles per person per year.
• In January 2022, Biffa PLC, a large integrated waste management company based in the United Kingdom, partnered with Esterform Packaging, an independent producer of plastic bottles for alcohol and
more in the United Kingdom, to supply the bottle producer with recycled plastic. According to news from Biffa, Esterform uses about 6,000 metric tons of PET from its factories in Leeds and
Worcestershire annually. The agreement with Esterform was signed after the European Food Safety Authority granted food-grade status to the plastic recycled at Biffa's Seaham plant.
• The transition to refillable beverage bottle systems necessitates significant changes and substantial investments in existing supply chains. Therefore, future policies aiming at increasing reusable
packaging should carefully consider the challenges associated with environmental impact, transportation, storage, wash, and refill facilities, and provide EU Member States with sufficient transition
time and the appropriate policy enablers to support the transition to refillable PET. Europe’s PET packaging market is on the path to more circularity, according to European Soft Drinks Association;
presently, the United Kingdom has a PET collection rate of 59%.
SUMMARY |
8.3.2.6 REST OF EUROPE

• The Rest of Europe includes Poland, Denmark, Norway, Sweden, Austria, Poland, Portugal, and the PET BEVERAGE PACKAGING MARKET, REVENUE IN USD BILLION, REST OF
Netherlands. The Rest of Europe segment stood at USD 2.33 billion in 2022, and it is expected to reach
EUROPE, 2021-2028
USD 2.95 billion by 2028, growing at a CAGR of 4.13% from 2023 to 2028.
• The European strategy for plastics in a circular economy is working to revolutionize the ways plastic
CAGR (2023 TO 2028): 4.13%
products are produced, used, manufactured, and recycled across the EU. By improving the design of
plastic products, increasing the rate of plastic waste recycling, and increasing the number and quality of 2.83 2.95
2.61 2.72
recycles, they are gradually expanding the market share of recycled plastics. According to the European 2.41 2.51
2.25 2.33
soft drinks industry (UNESDA), Denmark has the highest PET collection rate, with 96%. Other countries
with the highest percentage of PET collection rate include Norway at 88%, Sweden at 86%, Austria at
75%, and the Netherlands at 65%.
• The PET industry has shown its commitment by investing in the development of fully recyclable
packaging and growing recycled content. Incentives that incentivize alternative packaging to PET
packaging will have a detrimental impact, as PET has a much lower carbon footprint than alternative 2021 2022 2023 2024 2025 2026 2027 2028
packaging materials.
Rest of Europe
• To break the one-and-done mold of single-use plastic packaging in July 2023, one of the world’s leading
packaging and recycling specialists, ALPLA, is furthering its circular economy strategy by expanding its
• According to the TOMRA Collection article published in September 2022, Norway’s Deposit
recycling plant at Radomsko, Poland. The company plans to invest approximately eight million euro to
Return System is the World’s Recycling Model and one of the world’s most efficient deposit
develop the site’s third extrusion line, increasing the annual production capacity from 30,000 to 54,000
return systems. The country is a world leader in recovering and recycling beverage
tons of food-grade (rPET) PET recycling material. ALPLA’s PRT (PET Recycling Team) Radomsko is one of
containers. The deposit return system is a part of daily life for Norway’s 5.425 million
Europe’s largest PET recycling plants.
inhabitants. According to the most recent data, the Norwegian market volume of cans and
• In February 2022, the Government of Sweden published a National Action Plan on plastics, stating that PET bottles was 1.692 billion in 2021, which is equivalent to 312 containers per person per
packaging must contain at least 30% recycled raw material. Coca-Cola Sweden declared the use of year.
100% recycled material PET material. By replacing virgin plastic in its bottles with 100% recycled • In May 2022, Avantium (Amsterdam, The Netherlands) was notified that it had been given
content PET, Coca-Cola is expected to reduce the amount of virgin plastic used yearly in Sweden by an interim endorsement by the EPBP (European PET Bottle Platform) to enable the recycling
3,500 tons. This would result in an annual CO2 reduction of 25% compared to pre-transition. of multi-layer PET packaging in the Europe bottle recycling market. The results that led to
this provisional endorsement demonstrate the potential to combine the performance of PEF
(polyethylene furanoate) in PET product design. The firm is looking forward to partnering
with its customers to close the loop on PET recycling.

SUMMARY |
8.3.3 ASIA PACIFIC

8.3.3.1 China
8.3.3.2 India
8.3.3.3 Japan
8.3.3.4 Rest of Asia-Pacific
SUMMARY |
8.3.3 ASIA PACIFIC - BY REVENUE

PET BEVERAGES PACKAGING MARKET, REVENUE SHARE PET BEVERAGES PACKAGING MARKET, REVENUE IN USD BILLION, BY COUNTRY, ASIA-PACIFIC, 2021-2028
(%), BY COUNTRY, ASIA-PACIFIC, 2022
Asia Pacific 2021 2022 2023 2024 2025 2026 2027 2028 CAGR (%)
13.10%
China 5.18 5.46 5.75 6.07 6.42 6.81 7.23 7.68 5.97%
9.97%
47.53%
India 3.19 3.38 3.57 3.79 4.03 4.29 4.58 4.89 6.46%
Japan 1.10 1.14 1.19 1.24 1.29 1.35 1.41 1.48 4.47%
29.41%
Rest of Asia- Pacific 1.45 1.50 1.56 1.62 1.68 1.76 1.83 1.91 4.16%
China India Japan Rest of Asia-Pacific Total 10.93 11.48 12.07 12.72 13.42 14.21 15.05 15.96 5.75%
SUMMARY |
8.3.3 ASIA PACIFIC - BY VOLUME

PET BEVERAGES PACKAGING MARKET, VOLUME SHARE (%), PET BEVERAGES PACKAGING MARKET, VOLUME IN MILLION TON, BY COUNTRY, ASIA-PACIFIC, 2021-2028
BY COUNTRY, ASIA-PACIFIC, 2022
Asia Pacific 2021 2022 2023 2024 2025 2026 2027 2028 CAGR (%)
11.56%
8.56%
China 3.76 3.94 4.17 4.42 4.60 4.81 5.01 5.19 4.45%
49.71%
India 2.27 2.39 2.55 2.72 2.85 3.00 3.14 3.28 5.14%
30.17%
Japan 0.66 0.68 0.70 0.73 0.75 0.77 0.78 0.79 2.37%
Rest of Asia-Pacific 0.89 0.92 0.95 0.99 1.01 1.04 1.06 1.08 2.47%
China India Japan Rest of Asia Pacific

Total 7.58 7.93 8.38 8.85 9.21 9.62 9.99 10.34 4.28%
SUMMARY |
8.3.3.1 CHINA
PET BEVERAGES PACKAGING MARKET, REVENUE IN USD BILLION, CHINA, ASIA-PACIFIC, 2021-2028
CAGR (2023 TO 2028): 5.97%
10
7.23 7.68
8 6.42 6.81
5.75 6.07
5.18 5.46
6
4
2
0
2021 2022 2023 2024 2025 2026 2027 2028
China
The market size for the China segment in terms of value is estimated at USD 5.46 billion in 2022 and is expected to reach USD 7.68 billion by 2028, growing at a CAGR of 5.97% from 2023 to 2028. PET
(PolyEthylene Terephthalate) is one of China's most widely used plastics. Due to its ductility, transparency, and safety, it is commonly used to produce beverage bottles or food packaging material. China's
packaging industry is growing steadily due to the nation's expanding economy and growing middle class with increased purchasing power. Beverage packaging demand is rising because China's beverage
market has grown significantly over the last few years. Each beverage category will face its own set of challenges and opportunities. However, the market is being shaped by emerging trends in the
Chinese consumer lifestyle. In 2022-23, the national bureau of Statistics of China reported that the production volume of non-alcoholic beverages amounted to 184.62.
The growing consumption of non-alcoholic drinks in urban regions has propelled the growth of beverages. Such potential has attracted foreign companies like Coca-Cola to continue to invest heavily in the
Chinese market. Recently, Coca-Cola China and its bottling partners have announced plans to inaugurate new production lines and a factory, following an estimated total investment of 520 million yuan
(USD75.3 million). Additionally, In 2023, the company invested in its plant to boost its performance and enhance its presence on online and offline channels and marketing innovations. These factors are
projected to fuel market growth and attract foreign companies to the Chinese market.
The growing production and consumption of bottled water in China have positively impacted the market, as more and more Chinese consumers are adopting a more active and healthier lifestyle. With an
increasingly health-aware consumer base and rising concerns about its water supply, China has seen a rise in demand for bottled water. According to Eastmoney.com, the retail sales of bottled water in
China are expected to reach CYN 353.6 billion in 2025 from CYN 200.2 billion in 2020.
SUMMARY |
8.3.3.1 CHINA
PRODUCTION OF NON-ALCOHOLIC BEVERAGES, CHINA APRIL 2022 TO APRIL 2023 (IN MILLION METRIC TONS)
30.00 26.88
25.00
19.73 18.85
20.00 18.28 17.69
16.88
15.44 14.55
14.10 13.80
15.00 12 10.97
10.00
5.00
0.00
Apr '22 May '22 Jun '22 Jul '22 Aug '22 Sep '22 Oct '22 Nov '22 Dec '22 Jan/Feb '23* Mar '23 Apr '23
Source: National Bureau of Statistics of China, Eastmoney.com,
Additionally, the "Waste to Resource" project aims at driving sustainability excellence in the packaging industry, focusing on five types of packaging wastes: plastic flexible packages (including both mono
and composite materials), beverage carton packages, PET bottles, rigid packages for cosmetics products and delivery packages. Also, China's leading dairy brand, Yili, recently installed two aseptic
complete PET packaging lines, including the Sidel Aseptic Combi Predis, with its unique dry preform sterilization technology.
In May 2023, the strategic partnership between Yili Group (the regional market leader) and Sidel (the market leader) was further strengthened by installing the versatile Aseptic Laboratory filler, primarily
used for research and development in Yili's specially constructed facility. This innovation-driven solution will help the regional market leader launch new products and adjust existing bottles, further
reinforcing its reputation for innovation.
Consumption of sparkling water, soda water, tea, zero sugar, and zero calorie beverages has increased as consumers become more conscious of their health. The continued demand for premium quality,
healthy, and functional soft drinks has also driven the industry's growth.
China's cumulative production of soft drinks reached more than 181 million metric tons in 2022. A deeper analysis of consumption trends shows increased soft drink consumption in China from 2011 to
2019. Sales revenue for non-alcoholic beverages is projected to exceed USD 125 million by 2025, according to the National Bureau of Statistics of China.
SUMMARY |
8.3.3.2 INDIA
PET BEVERAGES PACKAGING MARKET, REVENUE IN USD BILLION, INDIA, ASIA MARKET SIZE OF SOFT DRINK INDUSTRY, INR BILLION, BY TYPE, INDIA,2019-2024,
PACIFIC, 2021-2028
CAGR (2023 TO 2028): 6.46% 600 567
500
386
6 400
4.58 4.89
4.03 4.29 300 244
3.38 3.57 3.79
4 3.19 200
91.10
100
2
0
0 Carbonates Packaged drinking water Juice, nectars, and still Others
2021 2022 2023 2024 2025 2026 2027 2028 drinks
India Carbonates Packaged drinking water Juice, nectars, and still drinks Others
Source: Paper Association, Varun Beverages and UN Comtrade
• The market size for India segment in terms of value is estimated at USD 3.38 billion in 2022 and • For instance, in March 2023, KHS India, a packaging solutions provider has introduced “plasmax”
is expected to reach USD 4.89 billion by 2028, growing at a CAGR of 6.46% from 2023 to 2028. coating technology for beverage packaging in PET bottles. The German KHS Global group holds
Indian beverage sector, consisting of alcohol, is one of the most diverse sectors. The industry is 60% stake in KHS India, which has announced the expansion of its facility on the outskirts of
highly influenced by the country's vast geography associated with the weather. With it comes Ahmedabad at a cost of INR 50 crore (USD 6.07 million). Also, in order to provide an additional
the imperative of packaging function to contain beverages, enabling transportation, and layer of protection from evaporation and climatic impact on beverage products, KHS India
protecting beverages against mechanical stress and material loss. stated that its Plasmax coating combines the protective properties of a glass bottle with the
lightweight benefits of a PET container.
• In India, beverage packaging has witnessed significant growth in recent years. The key factors
that drive the market growth include the rapid changes in beverage packaging trends across the • Additionally, according to Varun beverages, Carbonates account for INR 567 billion (USD 6.85
country. There has been significant adoption of novel techniques for packaging. New beverage billion) in the soft drinks market in India. Packaged drinking water accounts for INR 386 billion
packaging trends focus on the structure modification of packaging materials and the (USD 4.66 billion) in soft drinks market. Juices and nectars account for INR 244 billion (USD 2.95
development of new active systems that can interact with the product or its environment, billion) reach in the soft drinks industry. The total market size of the soft drinks industry is
customer acceptability, security, and improving the conservation of several beverages. around INR 1.3 trillion (USD 15.70 billion). The growing soft drink market is expected to boost
growth in the projected timeframe.
SUMMARY |
8.3.3.2 INDIA
• The primary drivers of growth in the future are urbanization, the emergence of young people and SIZE OF CARBONATED SOFT DRINK MARKET IN INDIA, IN INR BILLION, 2019 - 2024,
their increasing involvement in the workforce, an increase in disposable income, and enhanced BY TYPE
connectivity, especially in smaller cities. Government regulations have also led to a shift in the
beverage packaging industry. As packaging waste is considered hazardous to the environment,
efforts have been made to reduce the amount of waste produced. This has prompted the industry
to shift towards recyclable, more sustainable packaging solutions. In June 2023, Coca-Cola India
launched new bottles made from 100% recycled PET plastic material (rPET) in Andhra Pradesh. This 249
is the first time in India that any bottle made with 100% rPET is being used for food/beverage.
• Aligned with its global commitment to creating a 'World Without Waste,' the company has set a
goal of using at least 50% recycled content in its packaging by 2030, working towards using more
204
recycled content.
• Similarly, other beverage manufacturers are also following in similar footsteps. In July 2023,
PepsiCo India has recently announced on Monday that it will be introducing India's first 100% rPET
(recycled plastic) bottles in the carbonated beverage category with its product, Pepsi Black. The
company's new plastic bottles will be manufactured in India in partnership with Srichakra Polyplast
(India) Private Limited with bottling partner Varun Beverages. This initiative taken by the company
to have fully recycled bottles will not include the label and cap of the Pepsi Black. Such initiatives
are expected to fuel the demand for PET and rPET in the beverage industry.
• Also, Coca-Cola is the most valuable brand in the world, worth more than the combined value of
the top five beverage brands in the United States: Pepsi, Starbucks, Red Bull, and Budweiser. 1.7
billion people consume Coca-Cola every year. This figure does not include Coca-Cola's other 3,500 62
beverage brands. Coca-Cola, Diet Coke, and Pepsi-Cola are the biggest-selling non-alcoholic 52.0
beverage brands in the world. According to a blog published by sparklingcbd.com. In line with the
same, according to Varun Beverages, Cola dominated the carbonated soft drink market in India
with a market size of INR 249 billion (USD 3.01 billion), followed by lemon at INR 204 billion (USD
2.46 billion) and orange at INR 62 billion (USD 0.75 billion).
Cola Lemon Orange Others
Source: BEVERFOOD.com Edizioni Srl and Varun Beverages
SUMMARY |
8.3.3.3 JAPAN
PET BEVERAGES PACKAGING MARKET, REVENUE IN USD BILLION, JAPAN, ASIA MARKET SHARE OF SOFT DRINKS IN JAPAN 2022, (%), BY CATEGORY
PACIFIC, 2021-2028
CAGR (2023 TO 2028): 4.47%
2
1.35 1.41 1.48
2 1.19 1.24 1.29
1.10 1.14
1
1
0
2021 2022 2023 2024 2025 2026 2027 2028
Japan
• The market size for Japan segment in terms of value is estimated at USD 1.14 billion in
• Tea is another well-liked non-alcoholic beverage in Japan, where the brewed liquid is viewed as a
2022 and is expected to reach USD 1.48 billion by 2028, growing at a CAGR of 4.47% from
healthy substitute for mineral water and carbonates. The market has changed to a time-saving and
2023 to 2028. Glass and PET bottles are used extensively in Japan. PET bottles are still
convenience-focused strategy to make the hot beverage available whenever desired. Previously, hot
chosen over conventional glass bottles because of technical improvements that allow
tea was made with dried tea leaves and freshly boiled water, But with the advent of ready-to-drink
them to perform additional functions besides only retaining liquids. The market for
(RTD) tea, the market has changed drastically. Standard teas, including green or black tea, roasted
beverage packaging in Japan is driven by the growing consumption of ready-to-drink (RTD)
barley infusions, herbal teas, and grain blends, are all available as bottled ready-to-drink (RTD) teas.
beverages due to busy consumer work schedules and sedentary lifestyles. These bottles
The sector is slowly limiting the growth of other soft drink categories by frequently introducing new,
help to improve the shelf life and preservation of the products and are available in cost-
limited releases and renewals of established goods to the Japanese market.
effective formats.
• According to Asahi Group Holding estimates, ready-to-drink (RTD) tea will account for about 30% of
• Additionally, the high frequency of gut-related ailments such as gastroesophageal reflux Japanese soft drink industry sales in 2022. There are approximately two million vending machines
disease (GERD), ulcers, gastroenteritis, etc., has elevated consumer health concerns, installed in Japan, and the Japanese non-alcoholic beverage market offers a wide variety of liquid
which is thought to be the primary driver driving the market's growth. According to the refreshment beverages that may be purchased through general shops and non-store channels.
Japan Soft Drink Association, recent ready-to-drink (RTD) green tea production in Japan Furthermore, Japan's key beverage companies are starting to promote label-free packaging in their
reached over 5.43 million kiloliters of volume, a significant amount of RTD tea produced core brands, specifically for e-commerce.
nationwide.
Source: Mordor intelligence, Japan Soft Drink Association, Asahi Group Holding and Suntory Group
SUMMARY |
8.3.3.3 JAPAN
REVENUE DISTRIBUTION, SUNTORY HOLDINGS LIMITED, FISCAL YEAR 2022, (%) BY BUSINESS SEGMENT
• Coca-Cola 100% recycled PET bottle label-less launched in Japan. It quickly became a top seller in the carbonated beverage category. The company introduced a label-less Coca-Cola bottle for
eCommerce in Japan, delivering robust performance. That's in addition to 100% recycled PET bottles for 37 products under five brands already sold in Japan. In addition, participants strive to utilize no
virgin petroleum-based products and instead concentrate on recycled or plant-based resources.
• By aiming to use 100% sustainable PET bottles globally by 2030, Suntory Group, in March 2022, started using recycled or plant-based materials and avoiding virgin petroleum-based materials. The
company has taken several steps toward environmental sustainability. Introducing the new logo on PET bottles in Japan will help communicate the importance of recycling and viewing PET bottles as
valuable resources. Expanding their efforts and knowledge to other countries in collaboration with group companies is a promising approach to achieving their global sustainability goals.
• Recently, Suntory Group has announced that, as part of its commitment to use 100% sustainable PET bottles worldwide by 2030 and to eliminate all oil-based virgin plastic in its global PET supply by
2030, it has successfully developed a prototype PET bottle that is 100 percent plant-based. The prototype PET bottle has been designed for Suntory Group's flagship brand, Orangina, in Europe and for
its best-selling bottled mineral water brand, SuntoryTennensui, in Japan, after a nearly decade-long collaboration with Anellotech, a sustainable technology company based in the United States.
• Further, Suntory Holdings Limited, a Japanese consumer goods company headquartered in Osaka, Japan, is one of the four leading brewers in the Japanese market (alongside Asahi, Kirin, and Sapporo).
In fiscal year 2022, the company's beverages and food business segment accounted for 54% of the company's total revenues (the segment includes Pet packaging for food and beverage). In the same
year, Suntory generated total revenues of approximately JPY 2.7 billion (USD 18.95 million).
Source: Japan Soft Drink Association, Asahi Group Holding and Suntory Group
SUMMARY |
8.3.3.4 REST OF ASIA PACIFIC

• The market size for Rest of Asia Pacific segment in terms of value is estimated at USD 1.50 billion in 2022 and PET BEVERAGES PACKAGING MARKET, REVENUE IN USD BILLION,
is expected to reach USD 1.91 billion by 2028, growing at a CAGR of 4.16% from 2023 to 2028. Apart from
REST OF ASIA PACIFIC, 2021-2028
the countries already discussed as a part of the study under the Asia-Pacific region, other countries like
Australia, Thailand, Taiwan, Malaysia, South Korea, Vietnam, Singapore, etc., in the region also have high CAGR (2023 TO 2028): 4.16%
potential scope for gaining a considerable share in the market studied.
3
• The beverage packaging market is expanding significantly due to the growing consumer concerns about the 1.91
2 1.76 1.83
negative health impact of synthetic additives, preservatives, etc., which augment the demand for organic 1.62 1.68
1.50 1.56
beverages. Additionally, the elevating levels of urbanization and enhanced consumer living standards have 1.45
2
propelled the country's per capita expenditures on high-quality, organic drinks.
1
• The demand for organic beverages is increasing as organic beverages help improve the gut's health
conditions by maintaining the balance of the intestine and boosting immunity. For instance, in Agriculture 1
and Agri-Food Canada, the demand for organic beverages in South Korea has reached USD 6.4 million in
2022, from USD 5.3 million in 2018. Such factors are expected to promote growth. 0
2021 2022 2023 2024 2025 2026 2027 2028
• Also, the market is projected to grow owing to product expansion, sustainability, upgradation, launch, and
more. For instance, In June 2022, Packamama introduced its eco-flat wine bottles in the Australian market Rest of Asia Pacific
with Taylors Wines and Accolade Wines. These wines are now available in selected First Choice and
Liquorland Market stores. • Additionally, in June 2022, Nestlé Malaysia is accelerating its efforts to tackle plastic
• As sustainability concerns strike the different industries across the globe, the beverage industry resorts to waste by expanding further the use of environmentally-friendly packaging. The
alternative packaging options. Manufacturers have responded to consumers' demands for more sustainable company is the first in Malaysia to use high-quality recycled plastic resin (rPET) for its
products by designing packaging to reduce the item's material or weight, reducing transportation costs, and Ready-to-Drink (RTD) products in plastic bottle format.
lowering CO2 emissions. Some manufacturers are opting to replace plastics with more sustainable materials. • The Property Management of Chulalongkorn University (PMCU) and ENVICCO
Company Limited joined forces with Suntory Pepsico Beverage (Thailand) Company
• While South Korea continues to lead the world in terms of environmentally friendly packaging and recycling
Limited to hold an official press conference on "Pepsi Recycled PET Bottle Campaign"
rates of 86%. In November 2022, Montbest unveiled a "no-label" beverage packaging concept created by
to announce their readiness to be the first Company in the carbonated beverage
Gentlebrand.
market to use bottles made from 100% recycled plastic (PCR PET 100% bottles). This
was a significant step towards promoting sustainable environmental awareness. The
campaign's launch happened in April 2023.
Source: Agriculture and Agri-Food Canada,
SUMMARY |
8.3.4 LATIN AMERICA

• The market size for the Latin America segment in terms of value is estimated at USD 3.21 billion in 2022 and is expected to PET BEVERAGES PACKAGING MARKET, REVENUE IN USD
reach USD 4.27 billion by 2028, growing at a CAGR of 5.00% from 2023 to 2028. The region's beverage packaging market is BILLION, LATIN AMERICA, 2021-2028
increasing due to a strong preference for healthy and functional drinks, bolstering the demand for energy drinks, enhanced
water, and sports drinks. The Brazilian beverages industry covers soft, dairy, hot, and alcoholic drinks. For instance, according CAGR (2023 TO 2028): 5.00%
to National Institute of Statistics and Geography (INEGI), the sales value of soft and non-alcoholic beverages produced in
Mexico amounted to MXN 271. 13 billion (USD 15.9 billion) in 2022, up from 236. 94 billion (USD 14.18 billion) was recorded a 4.06 4.27
3.67 3.86
year earlier. Also, the monthly production value of purification and bottling of water in Mexico from January 2022 to July 2022 3.21 3.35 3.51
3.08
amounted to MXN 13,606 million (USD 814.46 million), compared to MXN 13,031 million (USD 780.04 million)in a similar
timeframe. Such factors are expected to fuel the growth of PET packaging in beverages.
• The water market has grown steadily over the last decade with an increase in still-packaged water consumption. Beverage
producers have been working on diversifying their brand portfolios and bringing these products to market while supporting
sustainability. In May 2022, An entirely recyclable, label-free recycled polyethylene terephthalate (rPET) bottle for Danone's
Villavicencio water brand was introduced in Argentina by Amcor Rigid Packaging (ARP), Ann Arbor, MI, and Danone, Paris. The 2021 2022 2023 2024 2025 2026 2027 2028
1.5-Liter bottle is composed of 100% rPET and has a 21% reduced carbon impact than the previous bottle. By removing the Latin America
label, it is also guaranteed that there are no contaminants in the recycled resin, which is anticipated to boost recycled PET
resin yields.
MONTHLY SALES VALUE OF SOFT DRINKS AND NON-
• Similarly, on October 2022, Sidel, a packaging solution provider, launched 1SKIN, a label-less recycled PET bottle to help Sidel's ALCOHOLIC BEVERAGES PRODUCED IN MEXICO, (IN MXN
customers achieve their sustainability goals and drive sales of high-end products. The one-liter bottle is destined for the BILLION), 2021 AND 2022
booming market in sensitive juices, teas, and flavored drinks. The growing demand for organic beverages in the region is
expected to support growth. According to Organic Trade Association, Brazil had the highest consumption of organic beverages
within a group of selected countries in Latin America.
280 271.13
• In 2022, the consumption of organic beverages in Brazil attained a value of over USD 36 million. Followed by Mexico with USD 270
23.8 million worth of organic beverage consumption. Such factors will propel growth in the long run. Moreover, global players 260
250
are investing in the region to strengthen their product portfolio. In January 2023, Nestle unveiled USD 100 million investment 236.94
240
in Colombia to grow its production capacity. The company has already spent USD 13 million in the South American country, 230
with the funds to be focused on increasing updating technology and production capacity. Such investments in the region are 220
expected to fuel employment and market growth. 210
2021 2022
Source: Mordor Intelligence, National Institute of Statistics and Geography (INEGI),

SUMMARY |
8.3.5 MIDDLE EAST & AFRICA

• The market size for the Middle East and Africa segment in terms of value is estimated at USD 1.95 billion in 2022 and is expected to PET BEVERAGES PACKAGING MARKET, REVENUE IN USD BILLION,
reach USD 2.45 billion by 2028, growing at a CAGR of 3.86% from 2023 to 2028. The region may witness significant opportunities in
the forecast period due to hosting the Arab Beverages Conference, one of the Middle East's most notable beverage events. Such
MIDDLE EAST & AFRICA, 2021-2028
events give packaging companies nationwide an ideal opportunity to collaborate and drive discussions on trending topics in the CAGR (2023 TO 2028): 3.86%
beverage industry. Furthermore, the beverage business is one of the fastest-growing in the Arab world, according to the Arab
Beverages Association (ABA). The significant goods offered at UAE marketplaces include juices, malt, non-alcoholic beverages, soft
drinks, water, sports drinks, and cordials. By June 2022, the market had significantly expanded, with UAE markets exceeding USD
1.2 billion.
• Egypt also significantly contributes to the beverages segment even though the alcoholic segment has a minimal share in the country 2.45
due to religious convictions. The soft drinks market is expected to register notable growth in the forecast period with significant 2.36
2.27
developments among the packaging vendors. For instance, in January 2022, the acquisition of approximately 52.7% of Coca-Cola 2.18
Bottling Company of Egypt SAE by Coca-Cola HBC Holdings BV, a wholly owned subsidiary of Coca-Cola HBC AG, from MAC 2.10
2.03
Beverages Limited and a few of its affiliated parties for cash consideration of USD 304 million, was completed, according to Coca- 1.95
1.89
Cola HBC AG. Further, the company states that the purchase expands Coca-Cola HBC's presence in Africa. It would also increase its
exposure to high-growth regions by giving it access to the continent's second-largest non-alcoholic ready-to-drink market in terms
of volume.
• The manufacturers are actively investing in the market, observing the significant growth rates in the country. For instance, in July
2022, Sidel installed one of the fastest single lines for a PET bottle company in Dubai. The line was created for Mai Dubai, a water
bottle manufacturer in the United Arab Emirates, and is one of Sidel's Super Combi solutions. The beverage packaging firms are
becoming more competitive and ensuring a steady regional supply of packaging options that are secure, reasonably priced, and
environmentally friendly.For instance, In October 2022, Alpla Group, an Austrian packaging and recycling company, inaugurated a
new production facility in Lanseria, South Africa. The facility will make bottles, caps, and specialty packaging for various sectors,
including the beverage industry. According to reports, the new factory would create 3.5 billion pieces annually and adhere to all
international quality requirements.
• Furthermore, the government's explicit intention to promote clean bottled water consumption to reduce health hazards is another
major factor driving Tanzania's water industry's rise. Also, According to Watercom, Tanzania is the country in Africa with the highest
packaged water consumption rates. In response to it, in October 2022, Watercom, a prominent bottled water provider, added two
KHS lines for water, soft drinks, and juice to increase its manufacturing capacity in Tanzania. The extension comes after a spike in
domestic economic expansion. In the new lines, Watercom has invested EUR 100 million (USD 99 million). The business thinks the 2021 2022 2023 2024 2025 2026 2027 2028
additional lines are necessary to accommodate Tanzania's growing demand for beverage bottlers. Middle East and Africa
9 COMPETITIVE LANDSCAPE
#TOC_DIVIDER#
SUMMARY |
# Company Established Headquarters Products Employees
Amcor PLC Claret Wine, Gripless Sprits, Spirits bottle, Roll On Pilfer Proof Spirits, Gripless Roll On Pilfer
9.1 1864 Zürich, Switzerland ~44,000
Proof Spirits, Flask Symmetrical Spirits, Flask Traditional Spirits, Wine, Square bottles, Carafe
9.2 Resilux NV 1992 Wetteren, Belgium Pet Bottles for alcoholic beverage, dairy, CSDs, Water, juices and RTD beverages ~1000
9.3 Nampak Ltd 1969 Bryanston, Gauteng, South Africa PET Bottles, Closures ~4,314
Berry Global Inc. Top Scallop Bottle, Canister, Spirits bottle, Boston bottle, Liquor bottle, Flat Bottle, Drink
9.4 1967 Evansville, United States 46,000
bottle, Nectar, juice bottle
9.5 Silgan Holdings Inc. 1987 Stamford, United States PET Bottles, Specialty Closures 15,300
9.6 Graham Packaging 1970 Pennsylvania, United States PET cans & Bottles ~5000
9.7 GTX Hanex Plastics 1991 Budowlanych, Poland PET Bottles ~200
SUMMARY |
# Company Established Headquarters Products Employees
9.8 Altium Packaging 1999 Georgia, United States Round Bottle PET, Square PET Bottles, Water Round, Handle refill PET ~2,500
9.9 Comar LLC 1949 New Jersey, United States PET Bottles ~1000
9.10 Apex Plastics 1970 Missouri, United States PET Juice Beverage Bottles, Plastic Lid ~50
9.11 KHS GmbH (Salzgitter Klöckner-Werke GmbH) 1993 Dortmund, Germany Pet bottles ~5,002
9.12 Esterform Packaging 1999 England, United Kingdom PET Containers ~200
9.13 Alpla Group 1955 Hard, Austria Beverage Bottle, Milk bottle, Juice bottle ~23,300
Carbonated Soft Drinks and Water Bottles, Stock PET Beer Bottles, PET
9.14 Plastipak Holdings INC. 1967 Michigan, United States Packaging for Wine 6000+
Juice, Food, and Dairy bottles
9.15 Retal Industries Limited 1994 Limassol, Cyprus PET containers 1300
SUMMARY |
9.1 AMCOR PLC
CORE PRODUCT OFFERINGS

USD 14,544 million • Claret Wine
Global Revenue • Gripless Sprits
FY 2022 (All Segments) • Spirits bottle
• Roll On Pilfer Proof Spirits
www.amcor.com DUNS NUMBER: 48-539-9385
• Gripless Roll On Pilfer Proof Spirits
OVERVIEW • Flask Symmetrical Spirits
Amcor is a global provider of packaging solutions that ~44,000 • Flask Traditional Spirits
manufactures bottles and jars among other packaging Employees (Global) • Wine
materials. Bottles from Amcor are employed in various
sectors, including food and beverage, pharmaceutical, • Square bottle
medical device, and industrial applications. • Carafe
It operates through the following business segments:
Amcor Rigid Plastics, Amcor Flexibles, and
Other/Investments. The Amcor Flexibles segment 1864
provides packaging solutions for confectionery, coffee, Founded
fresh food and dairy, pet food, champagne, wine, medical,
and tobacco products.
The company has 220 central manufacturing units across
43 countries worldwide, including Europe, North America,
Latin America, Africa, and the Asia Pacific. Zurich, Switzerland
Headquarters
Source : amcor.com. Annual Report for the Year Ended on June 30, 2022
SUMMARY |
9.1 AMCOR PLC - FINANCIALS

AMCOR PLC, REVENUE BREAKDOWN (%), BY GEOGRAPHY, 2022 AMCOR PLC, REVENUE BREAKDOWN (%), BY OPERATING SEGMENT, 2022
3.00% North America

23.33%
27.00% Flexibles
Western Europe
48.00%
Emerging Market
Rigid Packaging
76.67%
22.00%
Australia & New Zealand
AMCOR PLC, REVENUE IN USD BILLION, GLOBAL, 2020-2022 AMCOR PLC, EBITDA IN USD BILLION, GLOBAL, 2020-2022
14,544 2,117
2,028
12,861
12,468
1,913
2020 2021 2022

2020 2021 2022
Source : amcor.com. Annual Report for the Year Ended on June 30, 2022
SUMMARY |
9.1 AMCOR PLC - PRODUCTS AND STRATEGIES

PRODUCTS STRATEGIES
• The company offers a wide range of PET packaging in the form of bottles for beverages,
industrial use, food, milk, and dairy products. Bottles come in a variety of shapes, sizes, and
capacities for different uses. A few of the pet bottle’s specifications are given below- TECHNOLOGY SUSTAINABILITY
Type Volume(oz/ml) Shape
Claret Wine 750 ml Round • Amcor develops technologies that enable more sustainable packaging options. ARP's new
quantum technology for polyethylene terephthalate (PET) bottles offers sustainability benefits,
Gripless Sprits 1.75 ml Round reduces costs and improves package appearance.
Sprits bottle 50 ml Round • The new Quantum technology reduces manufacturing costs and greenhouse gas emissions by
using over 50% less material and weight in the finishing process, resulting in lower energy
Roll On Pilfer Proof Spirits 50 ml Round consumption compared to traditionally finished bottles.
Gripless Roll On Pilfer Proof Spirits 1.75 ml Round • Amcor’s success and growth are due to its keen and insightful business strategies. The company
focuses on improving shareholder value in the long term. It focuses on optimizing and expanding
Flask Symmetrical Spirits 100 ml Round its product portfolio while maintaining a strong financial discipline.
Flask Traditional Spirits 100, 200, 375 ml Round • The company focuses on developing innovative products, moving from R&D to commercialization,
including a range of packaging, recyclability, and reduced carbon footprint. This aligns with the
Wine 187ml Round company’s goal to make all packaging recyclable by 2025. The company invested USD 100 million
Square bottle 1000 ml Square in R&D expenses.
• Also, the company is innovating its products using recycled plastic resin (PCR). In 2020, the
Carafe 52 oz Square
company used 83,917 tons of PCR. The company plans on reaching 10% PCR across its portfolio by
Powerblock 64 oz Rectangle 2025.
• The company believes in strategic mergers & acquisitions and partnerships to grow in the market.
Powerstrap 10 oz Swirl Round
The company acquired Bemis, which helped the company gain 20 plants covering six countries.
Pinch 46 oz Swirl Round
Source : amcor.com
SUMMARY |
9.1 AMCOR PLC - SWOT ANALYSIS
STRENGTHS WEAKNESSES
• The company has geographically diversified operations in 225 plants across 43 • A decline in financial performance in the past few quarters in 2022 impacts the
countries. The company’s pledge to make sustainable products by 2025 with seven investors’ confidence in the company, and the company has a USD 6.5 billion debt
options to make environment-friendly products will be an advantage as the demand in FY 2022. It affects Amcor’s competitive position in the industry and reduces its
is expected to grow significantly across the globe. overall market share. The merger is expected to put a strain on resources for
management.
• A diversified product portfolio provides robust cross-selling opportunities and
increases the company’s bargaining power. Additionally, the company caters to a • The company has been witnessing an increase in its interest-bearing debt in the
wide range of clients including GSK, Abbott, PepsiCo, Coca-Cola, Refresco, Unilever, past few years. This factor is expected to limit the company's ability to obtain
Mondelez, Nestle, Novartis, Kimberly Clark, Colgate, and more. additional financing. This might result in the company losing its advantage against
its competitors which might have lesser debt.
OPPORTUNITIES THREATS
• Amcor's inorganic growth strategy to acquire companies that complement its • Due to high inflation, international tensions, and the conflict between Russia and
product range and geographical presence offers a robust platform for growth to Ukraine kept economic situations unpredictable which makes Amcor to sold its
cater to the high demand of PET bottles globally. three Russian factories to HS Investments, an investor based in Russia.
• With the increasing plastic packaging waste generated across the regions, • The influence of changes in demand, refinancing conditions, and fluctuations in
governments of the regions are putting up a ban on single-use plastic and adapting exchange rates could have a significant impact on the company's overall
to alternative sources, such as biodegradable plastic packaging. The company may profitability.
take this as an opportunity to increase the sale of its sustainable packaging
• Growing strengths of local distributors also present a threat in some markets, as the
products.
competition is paying higher margins to the local distributors.
SUMMARY |
9.1 AMCOR PLC - KEY DEVELOPMENTS

DATE TYPE OF DEVELOPMENT DETAILS
Amcor Rigid Packaging (ARP) is to partner with Ron Rubin Winery for the launch of BLUE BIN, the first premium wine packaged in
July 2023 Collaboration
a 750mL bottle made from 100% recycled polyethylene terephthalate (rPET) plastic.
Amcor Rigid Packaging has developed an innovative two-stage lightweight technology that reduces bottle finish material and
October 2022 Product Innovation weight by over 50%.This bottles help Businesses achieve their sustainability goals while maintaining a premium look and feel
Amcor Rigid Packaging (ARP) introduces the DairySeal packaging series incorporating with ClearCor feature, an advanced
polyethylene terephthalate (PET) barrier. With the launch of DairySeal, the exploding nutritional, dairy alternatives and ready-to-
September 2022 Product Innovation drink (RTD) market now offers a more sustainable packaging option that can be used across all retail channels.
Source : amcor.com
SUMMARY |
9.2 RESILUX NV

• PET bottles for alcoholic beverages
~1000 • PET Bottles for dairy products
Employees
• PET Bottles for CSDs and waters
• PET Bottles for juices, teas, sports drinks and RTD
www.resilux.com DUNS NUMBER :37-363-0441
beverages
OVERVIEW
Resilux NV is a Belgian company specializing in PET
preforms and bottles for various industries, including
beverages, food, pharmaceuticals, and personal care.
In 2021, they invested in expanding recycling activities, 1992
leading to increased use of recyclate in 2022. In May 2022, Founded
Quvadec NV acquired 95.60% of Resilux's shares in a
takeover bid, allowing them to launch a simplified squeeze-
out bid. Additionally, in October 2022, Resilux acquired 70%
shares of Serbian PET recycling company Greentech Ltd,
enhancing their recycling capacity and post-consumer
bottle collection.
Geographically, the company saw significant growth in Wetteren, Belgium
Eastern Europe. The turnover in 2021 increased by 15.4% Headquarters
to EUR 431.2 million, mainly due to the rise in raw material
prices and increased sales volumes.
Source: resilux.com
SUMMARY |
9.2 RESILUX NV- PRODUCTS AND STRATEGIES

PRODUCTS STRATEGIES
Product Category Product Description
• Light, unbreakable PET bottles provide a simple packaging solution that protects alcoholic
beverages and preserves their flavors. PET preforms can be blown into imaginatively designed
SUSTAINABILITY INNOVATIONS
wine, spirit, or beer bottles. Resilux has also developed various neck finishes to fit the closures
Alcoholic
specific to these markets. The shelf-life of alcoholic beverages is extended by the brand’s barrier
beverages PET
products, which prevent oxygen ingress and/or CO2 loss. The drinks are also protected against
bottles
light and provided with extra shelf appeal by colorants specifically designed to be compatible
with high alcohol percentages. • Resilux sets itself apart as more than a Preform/bottle producer; it is also a post-consumer
• Resilux also provides recycled PET for alcoholic beverage products. recycler, processing a staggering 2.5 million bottles daily. Their 'Poly Recycling facility in Bilten,
• Resilux offers a wide variety of neck finishes, preform types and bottle designs to match various
Switzerland, operates as one of Europe's most successful plastic-recycling units. By washing,
CSDs and water customers needs. sorting, and extruding used PET, it produces granules and pellets for various new products like
PET Bottles • For specific applications where longer shelf-life is required, Resilux offers CO2 barriers. fibres, films, and strapping tapes.
Furthermore, Resilux also provides up to 100% recycled PET material for CSD and water products.
• In August 2021, Resilux announced a major technology investment, doubling their bottle-to-
PET Bottles for • PET bottles for juices, iced teas, and sports drinks have advantages such as clarity, design bottle PET recycling capacity using cutting-edge equipment from Erema. The VACUNITE
juices, teas, sports flexibility, lightweight, and recyclability, along with numerous technological developments,
drinks and RTD including oxygen barrier performance characteristics. Additionally, Resilux offers up to 100%
system significantly increases food-grade recycled PET production, addressing growing
beverages recycled PET material for juices, teas, sports drinks, and ready-to-drink beverages. customer demand and anticipating future growth. The investment emphasizes Resilux's
dedication to creating a circular economy in PET, prioritizing sustainability for both their
• Resilux offers PET bottles, which are strong and non-breakable for fresh milk, ESL, UHT milk and
PET Bottles for many more dairy products. The filled bottle can be stored safely in a horizontal position with just
packaged products and the well-being of people and the planet. The new equipment will be
Dairy Products a closure, no additional sealing lid is necessary. Resilux’s light blocking and oxygen barriers installed at their Bilten location in Switzerland, where the Resilux Group Recycling
provide excellent protection for the product. competence center is based.
• Furthermore, in October 2022, Resilux Group's recycling division, Poly Recycling Switzerland,
completed the acquisition of 70% shares of Greentech Ltd, a Serbian PET recycling company.
This strategic move provides Resilux with valuable additional recycling capacity, bolstering
their post-consumer bottle collection and sorting capabilities. This acquisition is a testament
to Resilux's commitment to expanding its recycling operations across Europe and its
dedication to offering PET solutions that prioritize product quality, people's well-being, and
environmental sustainability.
Source: resilux.com
SUMMARY |
9.2 RESILUX NV - SWOT ANALYSIS
• Resilux offers a wide range of PET preforms and bottles for various industries, giving it • The company's revenue might be significantly dependent on one type of product
a strong position in the packaging market. (PET), exposing it to risks associated with fluctuations in those markets.
• Resilux is not just a preform/bottle producer but also a post-consumer recycler. Its • Fluctuations in raw material prices, particularly PET resin, can impact the company's
recycling division, Poly Recycling Switzerland, allows the company to contribute to profitability and financial performance.
environmental sustainability and respond to the growing demand for recycled PET
materials. The company's focus on technological advancements has led to innovative
packaging solutions, including barrier products that extend the shelf-life of beverages,
enhancing its competitiveness.
• The growing emphasis on sustainability and eco-friendly packaging presents an • The packaging industry is highly competitive, with several major players and local
opportunity for Resilux to expand its range of recyclable and biodegradable competitors. Intense competition may put pressure on pricing and market share.
packaging solutions.
• Changes in environmental regulations and packaging requirements could impact
• Resilux is exploring strategic acquisitions or partnerships to expand its market Resilux's operations and add compliance costs.
reach, gain access to new technologies, or diversify its product offerings.
• Economic downturns or uncertainties can affect consumer spending and demand
• Entering and expanding in emerging markets can provide Resilux with new growth for packaged beverages, potentially impacting Resilux's sales and revenue.
opportunities as these regions experience increased demand for packaged
beverages.
SUMMARY |
9.3 NAMPAK LTD
ZAR 16,936.5 Million CORE PRODUCT OFFERINGS

(USD 996.5 Million) • Closures
Global revenue • PET Bottles
FY 2022 (All Segments)
www.nampak.com DUNS NUMBER: 53-868-5368
OVERVIEW
Nampak is Africa's packaging company, with the most
~4,314
diverse product line, producing packaging in metal, glass, Employees
paper, and plastic. The company is divided into several
divisions, each of which specializes in its own unique
packaging materials, goods, and machines. Nampak
maintains 19 sites in South Africa, which account for
roughly 68% of company revenue, and 14 sites in the rest
of Africa, which account for 32% of group revenue.
1969
Founded
Nampak's extensive line of packaging solutions is largely
used in the food and beverage industries, as well as
domestic and industrial items, cosmetics and toiletries,
pharmaceutical and medical markets, and the cigarette
and tobacco industries.
Bryanston, Gauteng
Headquarters
Source: Nampak Ltd Annual Report year ended on 30 September 2022, Currency Conversion - OANDA as on 31st December 2022, Rate - ZAR 1 = USD 0.058
SUMMARY |
9.3 NAMPAK LTD - FINANCIALS

NAMPAK LTD, REVENUE BREAKDOWN BY (%), BY GEOGRAPHY, 2022 NAMPAK LTD, REVENUE BREAKDOWN BY (%), BY OPERATING SEGMENT, 2022
1.1% 1.1% 0.9% 4.7%
South Africa Nigeria
1.4%
6.3%
2.3% Zimbabwe Angola
17.4%
5.0%
8.6% Zambia Namibia
Metals Plastic Paper
60.3% Kenya Botswana

14.5%
76.3%
Malaw Rest of the world *
NAMPAK LTD, TOTAL REVENUE IN ZAR MILLION, GLOBAL, 2021-2022 NAMPAK LTD, OPERATING PROFIT IN ZAR MILLION, GLOBAL, 2021-2022
16,936.50 930.6
13,958.40
640.1
2021 2022 2021 2022
Source: Nampak Ltd Annual Report year ended on 30 September 2022
SUMMARY |
9.3 NAMPAK LTD - PRODUCTS AND STRATEGIES

PRODUCTS STRATEGIES
Nampak Rigid Plastics is a manufacturer of PET bottles and jars, plastic closures, tubes, crates,
and drums suitable for fruit juice, dairy, carbonated soft drinks, water, alcoholic beverages,
bakery, agriculture, chemical, petroleum, personal care, and household markets. Production of TECHNOLOGY SUSTAINABILITY
plastics is in several sites throughout South Africa. Nampak has also a significant plastic
packaging facility in Zimbabwe which is complemented by small-scale facilities in Zambia and
Ethiopia.
• Closures: Closures are created and manufactured to provide optimal product integrity and • The strategy of Nampak Ltd is to maintain the quality and integrity of financial reporting under
filling line efficiency, with technology partnerships with Portola and Bericap International to the supervision of the Committee. They focus on the effectiveness of the internal and external
back them up. The necks of plastic closures for PET bottles range from 28mm to 70mm. The audit function, adequacy of the financial controls, the management of risk, and governance. In
Snap-cap and DBJ-N plastic closures are ideal for PET bottles in the dairy and fruit juice 2022, the focus of the Group and the Committee was on the internal control environment and
industries. accounting judgments, as well as financial reporting. The Committee reviewed the
• Nampack PET: Nampack PET bottles, which can be used in sizes from 350 ml to 500 ml, offer management’s going concern conclusion, assessed solvency and liquidity, and assessed debt
strength and clarity of the product. Under license from Portola, snap and DBJN closures are covenants and deleveraging measures.
available in a variety of hues and sizes to complement the bottle collection. • Nampak maintained compliance with covenant ratios throughout the year. The funding
• Megapak Zimbabwe is the country's leading maker of clear and colored generic or custom- agreements were modified to extend maturity dates and covenant thresholds, as well as to
designed PET bottles in sizes ranging from 375ml to 2 liter, as well as beverage preforms allow for a possible rights offering in 2023. Looking ahead, the focus for the Group will be to
weighing 18g to 54g. control overheads and working capital, generate cash, and maintain conservative capital
expenditure so that the Group remains cash positive and remains compliant with funding
covenants and obligations.
Source: www.nampak.com/Products/Plastics
SUMMARY |
9.3 NAMPAK LTD - SWOT ANALYSIS
• Nampak prioritises quality in all aspects of its operations since it is critical to client • Nampak's overdependence on South Africa for a substantial amount of its earnings
retention. It follows strict quality management principles to ensure that its clients could be a source of concern in the event of political or economic turbulence.
receive high-quality services. Quality standards compliance improves the company's Nampak generates a significant percentage of its revenue from South Africa (60.3%
brand image and increases customer confidence in the company's offers. ISO in FY2022). Any negative political, economic, or meteorological developments in the
14001: 2015, OHSAS 18000, ISO 9001, and Food Safety System Certification (FSSC) region may influence the company's activities.
22000 were used to certify the company's operations. • Net Foreign Exchange (NFC) losses of ZAR 545.6 million (USD 32.1 million) in respect
of Nigeria and Angola, as well as net Impairment losses of ZAR 512.1 million (USD
30.1 million), and a one-off Insurance Loss of ZAR 50.0 million (USD 2.9 million), had
a negative effect on operating profit of Nampak.
• The company may be well-positioned to capitalize on the growing demand for • Nampak's growth may be impacted by a variety of stringent laws and regulations
beverage packaging solutions. The emergence of large-scale superstores, discount that are enforced by various authorities on a regular basis. Nampak's activities are
retailing, and the growth of online shopping has led to a shift in the demand for subject to a variety of Federal, State, and Local laws, regulations, and ordinances
packaging that is more compact, lightweight, and cost-effective. Technological that are designed to ensure safety, health, and environmental protection. The laws
advancements, fluctuating fiber supply, rising logistics costs, and heightened and regulations in question impose stricter environmental protection standards
environmental awareness are all factors that are likely to contribute to the regarding air emissions, hazardous or toxic material use, and handling, waste
acceleration of this shift in the years to come. Consequently, it is likely that the disposal procedures, and environmental contamination remediation.
company will focus on the production of lightweight packaging products to drive its
future business development.
SUMMARY |
9.4 BERRY GLOBAL INC.

USD 14,495 million • Top Scallop Bottle
Global Revenue • Canister
FY 2022 (All Segments) • Spirits Bottle
www.berryglobal.com DUNS Number:62-332-7731 • Boston Bottle

• Liquor Bottle
OVERVIEW • Flat Bottle
Berry Global Inc. manufactures plastic consumer

46,000 • Drink Bottle
packaging, PET bottles, non-woven specialty products, Employees • Nectar
and engineered materials. The company serves the food
and beverage, household, healthcare, and personal care • Juice Bottle
sectors.
The company operates through the Rigid Packaging,
Hybrid Packaging, and Flexible Packaging segments. 1967
The Packaging Material segment comprises paper, plastic, Founded
metal, and glass. The company uses these materials to
manufacture various products like containers, bottles,
caps, closures, jars, lids, etc.
To meet the local and global needs of its clients, Berry
operates more than 265 strategically located facilities Evansville, United States
worldwide.
Headquarter
Source: berryglobal.com, Annual Report For the Fiscal Year Ended October 1, 2022, published on 18 November 2022
SUMMARY |
9.4 BERRY GLOBAL INC. - FINANCIALS

BERRY GLOBAL GROUP, REVENUE BREAKDOWN (%), BY GEOGRAPHY, 2022 BERRY GLOBAL GROUP, REVENUE BREAKDOWN (%), BY OPERATING SEGMENT, 2022
10.51%
21.84% Consumer Packaging International
United States and Canada
29.62%
Consumer Packaging North America
54.55% Europe
34.94%
Engineered Materials
24.06%
Rest of world
24.48% Health, Hygiene & Specialties
BERRY GLOBAL GROUP, ANNUAL REVENUE IN USD BILLION, GLOBAL, 2020-2022 BERRY GLOBAL GROUP, OPERATING INCOME IN USD BILLION, GLOBAL, 2020-2022
13,850 14,495
1,292
11,709
1,242
1,179
2020 2021 2022 2020 2021 2022
Source : berryglobal.com. Annual Report For the Fiscal Year Ended October 1, 2022, published on 18 November 2022
SUMMARY |
9.4 BERRY GLOBAL INC. - PRODUCTS AND STRATEGIES

PRODUCTS STRATEGIES
• The company offers an elaborate range of PET packaging products in the form of bottles, lids,
caps, and closures for beverages like water, juice, coffee, tea, beer, wine, spirits, etc.
Depending on their usability, the bottles are of different shapes, sizes, and volumes. Some of TECHNOLOGY COLLABORATION
the PET bottles’ specifications are given below:
Type Volume Shape

Top Scallop Bottle 16,32 oz Round
• Berry Global operates a wide range of blow molding production lines that produce packaging
Canister 5L Square and other products made from a variety of materials, including polyethylene (PE),
Spirits bottle 50, 200 ml Round polyethylene terephthalate (PET), polypropylene (PP), polyvinyl chloride (PVC), and
polyethylene terephthalate glycol (PETG). Additionally, the company offers a wide range of
Boston bottle 8 oz Round lids that are thermoformed with or without holes. The PET lids are recyclable and clear in
Liquor bottle 50 ml Round color, which enhances product space capacity and provides an excellent view of the products.
Flat Bottle 200, 375ml Oval • Berry has set up a material testing laboratory in-house to provide customers with quick and
Drink bottle 500, 1000 ml Round dependable raw material quality testing for new food packaging solutions. The laboratory,
which has been granted accreditation for the chemical testing and sampling of plastic
Nectar 500, 750, 1000 ml Round products, will aid in accelerating projects for the development of new products by ensuring
Juice bottle 1000 ml Round that the materials used for each application are compatible with one another and comply with
the necessary rules and regulations.
Marinade bottle 12 oz Oval
Ribbed bottle 15,18 oz Oval • The company has also been focusing on growth and innovation in its product portfolio and
continues to innovate and strengthen its product portfolio. The company’s operational
Wine bottle 250, 200, 187 ml Round structure is designed to align it with its customers and provide an improved service, which
Traveler bottle 750 ml Oval could drive future growth cost-efficiently.
Batido 250 ml Round • In line with its strategy and customer goals, the company aims to reduce product impact by
making rapidly changing consumer packaging 100% reusable, recyclable, or compostable by
2025.
Source : berryglobal.com
SUMMARY |
9.4 BERRY GLOBAL INC. - SWOT ANALYSIS
• Berry has global facilities devoted to providing customers with unparalleled • A fall in the operating EBITDA from USD 2,224 million to USD 2,101 million in the
resources to address product and manufacturing issues or to bring innovative fiscal year of 2021-2022 after showing continuous growth for the last three
solutions to market. consecutive years could create a future liability for the company in the coming
period.
• The company spends much time and money on research and development to
innovate new technological aspects. In fiscal years 2022, 2021, and 2020, the • There is a high dependency on one market as nearly 54.5% of sales come from the
company spent USD 81 million, USD 90 million, and USD 79 million on R&D, United States, whereas the rest of the world is only 10.5% of the total sales.
respectively. Further, the company’s operating income also shows a downfall of USD 50 million in
this fiscal year, putting the company at risk in the current global economic situation.
• Berry Global Group may be able to enter a new market due to emerging and • The company is subject to intense competition in the primary markets in which it
changing consumer behavior trends. The company stands to benefit greatly from sells its products. Competition is based on factors such as service, innovation,
this opportunity to diversify into new product categories and create new revenue quality, and price. This level of competition is significant in terms of both size and
streams. number of competing firms. Examples of such competitors include Amcor, Silgan,
Aptar, Pactiv Evergreen, and 3M, Fitesa.
• Furthermore, the growth of the food and beverage e-commerce and retail industry
has created lucrative opportunities owing to the increasing usage of plastic • The company’s operations and financial results may suffer due to challenging global
containers for packaging and shipping. economic conditions, including inflation and supply chain disruptions, both now and
in the future. The conflict between Russia and Ukraine has made the world's
economies more volatile. Companies may continue to feel the effects of current
global economic challenges like relatively high inflation and constraints in supply
chains.
SUMMARY |
9.5 SILGAN HOLDINGS INC.

USD 6,411.4 million • PET Bottles
Global Revenue • Specialty Closures
www.silganholdings.com DUNS NUMBER: 61-420-1895
OVERVIEW
Silgan Holdings Inc. is a supplier of rigid packaging for
15,300
consumer goods, and it offers products such as metal Employees
containers, metal and plastic closures, plastic containers,
and dispensing systems.
The company caters to industries such as food, beverage,
pet food, healthcare, garden, personal care, home, and
beauty products. 1987
It has an extensive client portfolio in the consumer Founded
products domain, which includes Campbell's Soup, Del
Monte Fruits and Vegetables, Listerine, and Friskies Pet
Food.
The company has 112 manufacturing facilities located on
four continents, serving more than 21 countries Stamford, United States
worldwide.
Headquarters
Source: Silgan Holdings Inc. annual report 2022 year ended on December 2022
SUMMARY |
9.5 SILGAN HOLDINGS INC. - FINANCIALS

SILGAN HOLDINGS INC., REVENUE BREAKDOWN (%), BY GEOGRAPHY, 2022 SILGAN HOLDINGS INC., REVENUE BREAKDOWN (%), BY OPERATING SEGMENT, 2022
4.78%
United States 11.3%
Dispensing and Specialty Closures
20.27%
36.1%
Europe
Metal Containers
74.95% Others Custom Containers

52.6%
SILGAN HOLDINGS INC., REVENUE AND NET INCOME IN USD MILLION, GLOBAL, 2020- SILGAN HOLDINGS INC., REVENUE BREAKDOWN (%), BY END MARKET, 2022
2022
3.00% 1.00%
Food
Pet Food
340.84 12.00%
359.08
Beverage
308.72 6.00%
Net Income
HomeCare, Lawn & Garden
6,411.49 Revenue 9.00% 52.00%
5,677.10
4,921.94 Personal Care & Beauty
17.00% Health Care
Other
Source: Silgan Holdings Inc., Annual Reports and Quarterly Filings for the financial year ended on December 31, 2022
SUMMARY |
9.5 SILGAN HOLDINGS INC. - PRODUCTS AND STRATEGIES

PRODUCTS STRATEGIES
PET Beverage bottles

Silgan Plastics offers a range of bottles for the liquor industry. These bottles are commonly used
in hospitality, airlines, and promotions, and sampler sizes are available. Additionally, Silgan TECHNOLOGY SUSTAINABILITY
Plastics can customize the mold-available bottle with colored PET and a variety of decoration
options, allowing customers to differentiate their brand from the competition. These liquor
bottles come in various sizes, ranging from 50ml to 1.75L. They come in various shapes, ranging
from round to oblong. • About 95% of Silgan's products are recyclable, and the company will keep urging its business
Specialty Closures partners to make additional investments and promote expanded recycling capacity. Through
productivity improvements and investments, the company has significantly reduced its
There are many advantages of a package made of plastic closures for beverage products. For greenhouse gas emissions, but it still sees room for more savings.
example, company plastic closures improve shelf stability and prevent the contents from drying
out at room temperature. • The most popular resin alternative being investigated and tested by Silgan's materials team
and engineers is post-consumer recycled (PCR) resin. Products made with PCR resin are more
Some of the products that come in a plastic closures package are: environmentally friendly than virgin resin since it uses fewer natural resources while still
• Ready-to-drink teas being recyclable. Depending on the application, the company can provide both food-grade
and non-food-grade choices for high-density polyethylene (HDPE) and polyethylene
• Sports drinks terephthalate (PET) PCR resins. It can manufacture almost any HDPE PCR concentration using
• Milk products mono-layer and multi-layer packaging choices, and it produces bottles with up to 100% PCR
resin in a mono-layer product.
• Juice drinks
• With a broad customer base, the company was able to establish brand equity and establish
Silgan also offers customers sealing and capping machines and vision detection systems in
itself as a leading provider of packaging solutions to ensure business growth. The company’s
addition to closures and specialty product offerings.
main clients in the dispensing and specialty closures business are Campbell & Company, The
Coca-Cola Co., Dairy Farmers of America, Estee Lauder Co., The Kraft Heinz Co., Molson Coors
Brewing Co., Custom Container Business, Campbell & Co., Berlin Packaging LLC, Conagra
Brands, etc.
Source: silganholdings.com
SUMMARY |
9.5 SILGAN HOLDINGS INC. - SWOT ANALYSIS
• Operating performance is an important factor in increasing investor trust and the • As of December 2022, its cash and cash equivalents stood at USD 585,6 million,
company's capacity to progress with its growth initiatives. Silgan achieved a robust whereas at the end of the previous year, it stood at USD 631,4 million. This means
operating performance in the fiscal year 2022, with revenues amounting to USD that the company's cash position decreased by 7.2% year-on-year, which is a cause
6,411.4 million, registering an annual growth rate of 12.9% and a compound annual of concern as it could impact the company's ability to pay its short-term liabilities.
growth rate (CAGR) of 14.1% over 2020-22. The increase in revenue was driven by Moreover, such a decrease in cash position could lead to additional borrowing to
an increase in net sales across all business segments. manage working capital.
• The company has more than 112 manufacturing facilities in North America, Europe, • The company has very little presence in Asia and Africa. On the contrary, to have
Asia, and South America, helping it grow a strong relationship with its customers. lucrative and widespread business in North America and Europe. The company only
has one manufacturing plant in Asia, i.e., China, with none in Africa.
• The sustainable packaging industry is expanding worldwide as the international • Silgan has many competitors, such as Ardagh Group and Crown Holdings Inc.
community focuses on forest conservation and sustainable management. Currently, Further, the company has outstanding debts, coupled with insufficient funds for
consumers, producers, retailers, advocacy organizations, and governments are suitable acquisitions and expansions. This slows down the growth of the company
promoting eco-friendly packaging. Plastic packaging that is eco-friendly is expected and decreases its market share in the region.
to have a considerable impact. To capitalize on this, the company has adopted
• The company must constantly meet environmental regulations worldwide,
various initiatives, such as increasing its sustainability efforts to achieve net zero
including its domestic industry. The company is highly dependent on its domestic
emissions.
market for generating its revenue, and any serious litigation is expected to affect its
operations immediately.
SUMMARY |
9.6 GRAHAM PACKAGING

▪ PET Can & Bottles
~5,000
Employees
www.grahampackaging.com DUNS NUMBER :00-744-2040
OVERVIEW
Graham Packaging primarily operates in the plastics and
packaging industry, catering to a wide range of sectors,
including food and beverages, personal care, household
products, automotive, and more. 1970
Graham Packaging designs, manufactures, and distributes a Founded
diverse portfolio of plastic packaging products. It specializes
in rigid plastic containers made from materials like PET
(polyethylene terephthalate), HDPE (high-density
polyethylene), and polypropylene.
Graham operates its flagship manufacturing facility and the
Graham Recycling Company in the vicinity of York,
Pennsylvania. With an extensive network of plants spread Pennsylvania, United States
across North America, Europe, and South America, the
Headquarters
company produces millions of plastic bottles annually.
Source: grahampackaging.com
SUMMARY |
9.6 GRAHAM PACKAGING - PRODUCTS AND STRATEGIES

PRODUCTS STRATEGIES
• Graham Packaging's PET alcohol bottles and cans are designed and manufactured to meet the specific
Alcoholic Beverage requirements of alcoholic beverage producers, such as breweries, distilleries, and wineries.
Bottles and Cans • PET bottles have gained popularity in the beverage industry due to their numerous advantages, including
lightweight, durability, versatility, transparency, and recyclability.
• Graham offers both single-serve and multi-serve plastic bottles that boast exceptional clarity, akin to glass,
and sport sleek designs that stand out whether displayed on grocery store shelves or in the ever-growing e- • In September 2022, Graham Packaging was recognized for its commitment to sustainability by
commerce landscape. These bottles can handle hot fill, cold fill, and aseptic fill while also ensuring the juice receiving the Sustainability Leadership Award from the Business Intelligence Group in its 2022
inside stays fresh with superior barrier technology that provides a longer shelf life and protection against
oxygen, moisture, and UV light. Sustainability Awards program. In its commitment to advancing recycling and circular
• One of Graham Packaging's notable innovations is its Active Base technologies. Active Base technologies economy efforts, Graham Packaging has been recognized for its achievements. Four of its
allow the base of the bottle to flex during the filling process and respond to changes in the pressure of the locations received their International Sustainability and Carbon Certificate (ISCC) plus
Juice Packaging Bottles
container while cooling. This removes the need for traditional sidewall features that limit design freedom.
The technology comes in two forms: self-activating base (SAB) and mechanically activating base (MAB). certifications, which enable these sites to process certified post-consumer recycled (PCR)
Both technologies enable enhanced design freedom. materials generated through advanced recycling methods.
• MAB also reduces resin weight and increases PCR percentage. By allowing for vacuum displacement in the
base of the PET bottle, the SAB technology eliminates the need for traditional vacuum panels. SAB also • Graham Packaging revealed its plan to reduce greenhouse gas (GHG) emissions and energy
allows for a greater number of labeling options, including roll-fed, shrink-sleeve, pressure sensitive, and
more.
use across all aspects of its operations. In June 2023, the company implemented a five-
pronged strategy that includes reducing energy intensity, sourcing renewable energy,
• Graham Packaging specializes in providing high-quality PET (polyethylene terephthalate) packaging
Ready-to-drink Tea, solutions for ready-to-drink (RTD) coffee, tea, and kombucha products. To maintain the freshness and
increasing the use of post-consumer recycled (PCR) materials, lightweighting bottles, and
Coffee, and Kombucha quality of RTD beverages, Graham Packaging incorporates advanced barrier technology into its PET collaborating with suppliers to reduce GHG emissions. Graham is also exploring innovations
PET Bottles containers. Graham Packaging's PET containers support various filling methods, including hot fill, cold fill, like ceramic oven reflectors in its heating systems, which can reduce oven power consumption
and aseptic fill processes.
by 10-20%, and automated compressed air controller solutions.
• Graham Packaging offers cutting-edge PET (polyethylene terephthalate) packaging solutions for sports
Sports Drink and
drinks and enhanced water products. The PET packaging incorporates advanced barrier technology,
Enhanced Water
providing a protective shield that preserves the freshness and nutritional properties of sports drinks and
Bottles
enhanced water.
SUMMARY |
9.6 GRAHAM PACKAGING - SWOT ANALYSIS
• Graham Packaging's wide network of manufacturing facilities across North America, • As a company primarily focused on plastic packaging, Graham Packaging may face
Europe, and South America provides access to various markets, fostering a strong challenges due to increasing concerns over plastic waste and its impact on the
international presence. environment.
• The company's commitment to innovation and advanced technology enables them to • The packaging industry is highly competitive, and Graham Packaging may encounter
develop cutting-edge packaging solutions and stay ahead of competitors. Also, The challenges from both established players and new entrants.
company's focus on building lasting relationships with clients through reliable services
and product quality contributes to a loyal customer base.
• The emphasis on sustainability and recycling practices aligns with the growing
consumer demand for eco-friendly packaging solutions.
• As global markets continue to expand, there is an increasing need for innovative • Evolving environmental regulations and policies related to plastic packaging could
and sustainable packaging solutions, offering Graham Packaging opportunities for impact the company's operations and costs.
growth.
• Fluctuations in the cost of raw materials, such as plastic resins, could affect
• The shift toward environmentally friendly packaging creates opportunities for profitability.
Graham Packaging to leverage its recycling initiatives and eco-friendly offerings.
• Unfavorable economic conditions in key markets may affect demand for packaging
• Exploring new markets or expanding product offerings beyond traditional packaging products.
may open doors to new revenue streams.
SUMMARY |
9.7 GTX HANEX PLASTIC SP. Z.O.O

• PET Bottles
~200
Employees
www.hanex.com DUNS NUMBER:42-218-6634
OVERVIEW
GTX Hanex Plastic is a leading Polish manufacturer of PET
films, preforms, and bottles for many well-known drinks
manufacturers in Poland and adjacent countries.
The company's competitive advantage lies in its patented
1991
designs, which it continually develops and offers its clients Founded
solutions with superior parameters to those offered by
mainline manufacturers that produce commodity-like
products.
In 2015, Hanex introduced the Hanex Management Way
(HMW), a comprehensive management framework that has
become the cornerstone of its internal operations.
Budowlanych, Poland
Hanex has four production lines, where 1,200 tonnes of film
Headquarters
are made every month.
Source: hanex.com
SUMMARY |
9.7 GTX HANEX PLASTIC SP. Z.O.O - PRODUCTS AND STRATEGIES

PRODUCTS STRATEGIES

SUSTAINABILITY PARTNERSHIP
• GTX Hanex Plastic adopted a strategy focused on providing sustainable packaging solutions to
• The milk PET bottles by GTX Hanex Plastic Sp. z.o.o. are carefully crafted to preserve meet the growing demand for eco-friendly products. This could include using post-consumer
dairy products' freshness and nutritional value. These bottles feature excellent barrier recycled (PCR) materials, lightweight packaging to reduce carbon footprint, and investing in
properties, effectively protecting milk from external elements such as oxygen and research for biodegradable alternatives.
light, which can deteriorate its quality. The ergonomic design ensures ease of handling,
making pouring and serving milk a seamless experience for consumers. • GTX Hanex Plastic Sp. z.o.o. embraces a proactive approach to business growth by seeking
• The juice PET bottles are thoughtfully engineered to maintain fruit juices' natural strategic partnerships and collaborations with key stakeholders in the packaging industry. One
PET bottles for juice, flavors and nutritional benefits. The PET material offers optimal oxygen and moisture essential aspect of GTX Hanex Plastic Sp. z.o.o.'s collaboration strategy involves partnering
milk, and mineral water barrier, safeguarding the freshness and taste of the juice. These bottles come in with technology companies specializing in design and testing. By collaborating with these
various sizes and shapes, allowing for easy storage and convenient consumption on
technology providers, the company gains access to cutting-edge design tools and testing
the go.
methodologies. In pursuit of excellence in packaging solutions, Hanex also forges partnerships
• Hanex excels in producing PET bottles for still and sparkling water products. These with suppliers of additives and raw materials. These collaborations encompass experts in
bottles feature exceptional clarity, providing a crystal-clear view of the refreshing
contents inside. The lightweight and durable PET material makes these bottles easy to colorants, barrier additives, and those improving mechanical or processing properties.
carry, making them a perfect choice for fitness enthusiasts and on-the-go consumers. • Furthermore, GTX Hanex Plastic Sp. z.o.o. has cultivated long-standing partnerships with
renowned scientific and research institutions. Collaborating with institutions such as the
Silesian University of Technology and Warsaw's COBRO Packaging Research Institute allows
the company to tap into a wealth of expertise and research findings. By staying at the
forefront of technological advancements and industry best practices, GTX Hanex Plastic Sp.
z.o.o. can consistently deliver state-of-the-art packaging solutions to its customers.
SUMMARY |
9.7 GTX HANEX PLASTIC SP. Z.O.O - SWOT ANALYSIS
• GTX Hanex Plastic Sp. z.o.o. has strong expertise in PET packaging, which is widely used • The packaging industry is highly competitive, and GTX Hanex Plastic Sp. z.o.o. may
in the beverage and packaging industries due to its lightweight, durability, and face challenges in differentiating its offerings from competitors in the market.
recyclability.
• The company's focus on PET packaging solutions may limit its product
• The company is known for offering innovative packaging solutions, including PET diversification, potentially missing out on opportunities in other packaging
bottles, films, and containers, catering to the diverse needs of its customers. materials.
• Hanex demonstrates a commitment to sustainability by using post-consumer recycled
(PCR) materials and reducing the environmental impact of its packaging solutions.
• GTX Hanex Plastic Sp. z.o.o. can explore opportunities to expand its market • Changes in the prices of raw materials, especially PET, can impact the company's
presence by entering new geographic regions or industries where there is a production costs and profitability.
demand for sustainable packaging solutions.
• Global economic fluctuations can impact consumer spending and demand for
• With evolving consumer preferences, there may be opportunities for the company packaged beverages, affecting the company's sales and revenue.
to develop packaging solutions that cater to emerging beverage trends, such as
• Furthermore, adherence to evolving regulations related to packaging and
plant-based drinks or functional beverages.
environmental sustainability may pose challenges for the company.
• Leveraging advancements in technology, such as smart packaging or digital printing,
can offer new possibilities for innovative packaging solutions.
SUMMARY |
9.8 ALTIUM PACKAGING

• ROUND BOTTLE PET
~2,500 • SQUARE PET BOTTLES
• WATER ROUND HANDLE REFILL PET
Employees
www.altiumpkg.com DUNS NUMBER: 07-583-0005
OVERVIEW
Altium Packaging is a premier, customer-oriented
packaging solutions provider, dedicated to elevating
brands. Altium specializes in the design and development 1999
of custom packaging, as well as the production and
distribution of packaging made from plastic and recycled Founded
resin. Whatever client requirements may be, the company
guarantees that packaging solutions will be consistent and
consistent.
With a network of over 70 plants across the United States
and Canada, Altium Packaging provides personalized
service to customers with reliability, flexibility, and
creativity.
Georgia, United States

Headquarters
Source: altiumpkg.com/
SUMMARY |
9.8 ALTIUM PACKAGING - PRODUCTS AND STRATEGIES

PRODUCTS STRATEGIES
Polyethylene terephthalate (PET) is a widely used, lightweight, transparent, and durable plastic
resin for packaging purposes. PET is renowned for its superior barrier characteristics, making it
an ideal material for the packaging of beverages, juice, water, sauces, and other fluids. The TECHNOLOGY SUSTAINABILITY
round design of PET bottles is a popular choice due to its straightforwardness and adaptability.
The round cross-section of the bottle facilitates easy handling and storage. Bottles typically
feature a threaded neck and can be sealed with either caps or closures.
Altium provides a wide range of Round Bottle PET, including Deep Grip round PET, Long Neck • The production of Altium Packaging plastic bottles, which account for a significant portion of
round PET, Ribbed round Beverage PET, and Round Bottle PET. Altium Water Round Handle the market's PCR content, has resulted in the production of millions of bottles with a high
refill PET available in 3 Gallons & 5 Gallons blue color with a neck diameter of 55mm. percentage of recycled materials. By utilizing recycled materials, Altium Packaging can reduce
Square PET Bottles are available in volumes ranging from 10 oz up to 64 oz with neck diameters the dependency on virgin plastics and conserve natural resources, as well as reduce the
ranging from 24mm up to 38 mm. Some of the products available in square PET Bottles are amount of waste generated. The company is continuously striving to further refine its PCR
Carafe Square PET Deep Grip Round PET EyeCon Carafe Square. usage in order to achieve a higher percentage of recycled materials in its bottles.
• Altium Packaging’s lightweight technology has proven to be a success in the
commercialization of the Dura-Line family of bottles. By reducing the plastic content by
approximately 15% in these bottles, Altium Packaging reduces its environmental footprint
while preserving the original performance and function of these bottles. Altium Packaging
continues to explore new lightweight packaging solutions to reduce material consumption
further.
• Altium Packaging is proud to be among the first manufacturers in the world to offer all plastic
bottles, excluding colorant, that are 100% recycled. This accomplishment is a testament to the
company's commitment to circular economy principles, as well as its efforts to reduce its
overall carbon footprint. The company is committed to expanding the range of products made
from 100% recycled plastics while adhering to the highest quality standards.
Source: catalog.altiumpkg.com/
SUMMARY |
9.8 ALTIUM PACKAGING - SWOT ANALYSIS
• Sustainability and environmental responsibility are at the core of Altium Packaging's • Altium Packaging serves the dairy and beverage sectors, however, their presence in
business model. This is evidenced by the fact that the company produces plastic the market may be restricted to certain geographic areas or customer groups,
bottles with one of the highest levels of PCR (post-consumer resin) in the industry. which may impede the overall growth of the market.
• Altium Packaging has a deep knowledge of the dairy sector and consumer
preferences, making it a dependable partner for large dairy companies and small
regional and family dairy farms. Their ability to deliver consistent designs and
creative custom solutions meet a wide range of dairy product requirements.
• As people and companies become more aware of the environmental impact of their • The regulatory landscape in the packaging industry is constantly changing. To
activities, the need for sustainable packaging is increasing. By expanding its product remain compliant with regulatory requirements and standards, it is essential to
portfolio and emphasizing its eco-friendly practices, Altium Packaging can take maintain a level of compliance in order to avoid disruption to the operations of the
advantage of the growing demand for sustainable solutions. company.
• The presence of favorable government laws and regulations concerning sustainable
packaging and recyclability can open new possibilities for growth and adherence to
the ever-evolving environmental standards.
SUMMARY |
9.9 COMAR LLC

• PET BOTTLES
~1000
Employees
www.comar.com DUNS NUMBER:07-940-0695
OVERVIEW
Comar Packaging LLC is a private company that specializes
in providing packaging solutions for the pharmaceutical,
medical, personal care, food, beverage, and other
consumer product industries. 1949
Comar offers a diverse range of packaging solutions, Founded
including plastic bottles, containers, closures, medical
devices, and other related products. Their product portfolio
includes various materials, such as PET, polypropylene,
polyethylene, and other plastics.
Comar Packaging places a significant emphasis on product
quality and compliance with industry regulations. They
adhere to strict quality control processes and often hold New Jersey, United States
certifications such as ISO 9001 and ISO 13485 (for medical Headquarters
device manufacturing).
Source: comar.com
SUMMARY |
9.9 COMAR LLC - PRODUCTS AND STRATEGIES

PRODUCTS STRATEGIES
• Comar, a well-known packaging company, manufactures a wide range of products, including

PET bottles. PET stands for Polyethylene Terephthalate, which is a lightweight, durable, and
transparent plastic material. It is commonly used in the packaging industry for various SUSTAINABILITY ACQUISITIONS
consumer products, such as beverages (water, juices, soft drinks), food items,
pharmaceuticals, personal care products, and more.
• Across Comar’s manufacturing sites, they employ three different types of blow molding
technologies: Injection Blow (IBM), Injection Stretch Blow Molding (ISBM), and Extrusion • As consumer and business awareness regarding sustainability in packaging grows, Comar
Blow Molding (EBM). This broad operational platform allows to offer more bottles and Packaging has been proactive in adopting sustainable practices. They are committed to using eco-
containers in a wide variety of shapes and sizes. friendly materials and implementing recycling initiatives to reduce their environmental impact.
This approach aligns with their vision of promoting responsible packaging solutions that meet the
• While Boston Rounds and Cylinder Rounds are the most popular offerings, they also make
evolving demands of a greener world.
application-specific bottles They might offer standard bottles, custom designs, or specialty
packaging solutions. These bottles are designed to be safe, resistant to impact, and have • In line with their strategic plan to expand their product portfolio, enter new markets, and
excellent barrier properties to protect the contents from external factors such as moisture strengthen their position, Comar Packaging made a significant move in December 2021. They
and oxygen. announced the acquisition of Omega Packaging, a reputable manufacturer of injection and blow
molded products catering to the pharmaceutical, nutraceutical, sports nutrition, and skincare
markets. Omega Packaging's expertise in producing top-quality plastic closures and jars has
garnered a strong reputation over almost a decade of operation. They operate from a Safe Quality
Food (SQF) certified facility in La Mirada, CA, and have a global customer base. Their diverse range
of packaging products includes child-resistant (CR) and continuous thread (CT) closures, as well as
single, thick, and double-wall jars.
• By acquiring Omega Packaging, Comar aims to bolster its capabilities in serving healthcare
customers with end-to-end custom manufacturing solutions. The addition of Omega's precision
mold-building capabilities and CR closures further enhances Comar's strategy to provide
comprehensive offerings to the healthcare industry. This strategic move not only strengthens their
market presence but also showcases their dedication to being a premier supplier of custom
medical devices and assemblies, as well as specialty packaging solutions.
Source: comar.com
SUMMARY |
9.9 COMAR LLC- SWOT ANALYSIS
• Comar LLC has extensive experience and expertise in the packaging industry, enabling • Comar's market presence is concentrated in specific regions, hence, they miss out
them to deliver high-quality products and services. The company likely boasts a wide on potential growth opportunities in other areas. Expanding their geographic reach
range of packaging products, including plastic bottles, containers, closures, medical could help them tap into new markets and customer segments.
devices, and more, catering to various industries.
• Comar relies heavily on specific industries or a limited number of major customers.
• Comar has a strong focus on innovation and technology, allowing them to develop Thus, they could be vulnerable to market fluctuations and economic downturns in
cutting-edge packaging solutions. those sectors. Diversification across industries and customers could mitigate this
risk.
• Comar's commitment to quality and adherence to industry standards and regulations
provides a competitive advantage.
• The increasing consumer and industry demand for eco-friendly packaging solutions • The packaging industry is highly competitive, with numerous players vying for
presents an opportunity for Comar to expand its offerings in this area. market share. Intense competition may lead to pricing pressures and require Comar
to continuously innovate to differentiate themselves.
• Embracing emerging technologies can enhance their efficiency, product
development, and customer experience. • Fluctuations in the prices of raw materials, such as plastics and resins, can impact
Comar's production costs and profit margins. Developing strategic sourcing and
• Furthermore, collaborating with other companies or acquiring businesses with
procurement strategies can help mitigate this risk.
complementary capabilities can help Comar expand its market presence and
offerings. • The packaging industry is subject to various regulations related to safety,
environmental impact, and labeling requirements. Changes in regulations can
necessitate costly adjustments to products and processes to ensure compliance.
SUMMARY |
9.10 APEX PLASTICS

• PET JUICE BEVERAGE BOTTLES
~50 • PLASTIC LID
Employees
www.apexplastics.com DUNS NUMBER: 03-722-7159
OVERVIEW
Apex Plastics, established over 40 years ago, is a world-
renowned manufacturer of blow-molded extrusion
plastics. With a focus on mold design and production, the 1970
company specializes in the production of custom and
proprietary bottles, containers and other shapes. Founded
Apex Plastics maintains a quality management system,
enabling them to provide exceptional customer service
and rapid turnaround times for short- to medium-scale
production runs of distinctive shapes and colors. With
decades of experience in the plastics industry, Apex
Plastics is positioned to meet the needs of a wide variety
of customers.
Missouri, United States

Headquarters
Source: apexplastics.com/about/
SUMMARY |
9.10 APEX PLASTICS - PRODUCTS AND STRATEGIES

PRODUCTS STRATEGIES
PET JUICE BEVERAGE BOTTLES

Apex PET Juice Beverage Bottles are containers constructed from Polyethylene Terephthalate
(PET), a plastic material that is lightweight, resilient, and transparent. PET is widely used in TECHNOLOGY SUSTAINABILITY
packaging for a variety of beverages, including juice, soft drink, and water. Apex PET Juice
Bottles are available in a range of sizes, including 8 oz and 59 oz.
PLASTIC LID
• PCE, Inc. acquired Apex Plastics from the Lincoln, Nebraska-based privately held corporation,
Apex specializes in the production of high-quality plastic lids, which are suitable for a variety of PCE. Apex Plastics is divided into two business groups, the Plastics Group and the PCE Center
applications that require plastic container(s) to be manufactured. All under one roof, Apex Solutions Group, which are each composed of three divisions with extensive knowledge in the
offers a comprehensive range of container and lid solutions, from oval and round lids to custom fields of blow-molding and injection molding as well as profile extrusion, providing Apex
and oblong lids. Plastics with a wide variety of plastic products to meet the needs of customers across six
continents.
• Apex Plastics' commitment to providing tailored solutions that exceed customer expectations
has established it as a player in the industry. PCE, Inc.’s ownership of Apex Plastics gives the
company access to a global footprint, with offices in the US, Europe, and China, allowing it to
serve customers of all sizes.
• The Apex Plastics team has a wealth of mold design and manufacturing experience, as well as
a wide selection of proprietary stock molds. This allows them to serve a wide variety of
industries and meet a variety of product needs. Apex Plastics' commitment to quality control
and customer satisfaction distinguishes them as a dependable and preferred partner within
the blow mold plastics industry.
• In March 2023, Apex Plastics has expanded its product range to encompass not only Trek’s
standard Voda bottles in 21 and 26 oz, but also their premium Voda Flo bottles in 21 oz and
26 oz, as well as a 15 oz bottle. This broadening of product range enables the company to
meet the needs of Trek’s water bottles and, potentially, those of other clients.
Source: apexplastics.com/products/
SUMMARY |
9.10 APEX PLASTICS - SWOT ANALYSIS
• For over four decades, Apex Plastics has been a provider of mold design and • Apex Plastics is one of the most prominent B2B plastic manufacturing companies,
manufacturing services, demonstrating a comprehensive understanding of the however, it may need to improve its market presence and brand recognition in
blow-manufacturing plastics industry. The company is renowned for its custom and order to draw in more potential clients.
proprietary mold-molded bottle, container, and other forms, offering custom and
personalized solutions to its customers.
• ISO 9001:2015 certification shows that the company is dedicated to meeting the
highest quality standards and delivering the best products and services to its
customers.
• The company’s experience in bottle-type plastics allows Apex Plastics to reach a • Production schedules can be affected by factors such as raw material shortage,
wider range of customers in a variety of industries outside the cycling and outdoor shipping delays, or supply chain disruptions, which can affect the ability to meet
sports industries. customer demand due to the rapid development of manufacturing technologies
and the need to continually invest in new equipment and processes in order to stay
• As the need for sustainable and eco-friendly packaging continues to grow Apex
competitive and up-to-date with the market.
Plastics can explore new ways to provide more eco-friendly products to its
customers.
SUMMARY |
9.11 KHS GMBH (SALZGITTER KLÖCKNER-WERKE GMBH)
EUR 1,29I billion CORE PRODUCT OFFERINGS

• PET BOTTLES
(USD 1,378.13 billion)
Global Revenue
www.khs.com DUNS NUMBER: 32-126-2347
OVERVIEW
KHS Group is a 100% subsidiary of the Salzgitter Klöckner- 1993
Werke GmbH. KHS GmbH (KHS) developed and produced Founded
the entire line of PET, filling, and packaging machines for
PET and glass, as well as beverage cans and kegs,
containers. Its portfolio incorporates high-performance
systems and equipment for lower capacities plus a wide
spectrum of supplementary consultancy and service
products There are five KHS facilities in Germany. ~5,002
The firm supplies pet bottles to a wide range of packaging Employees
industries, including Still Water, Alcohol, Soft-Drink, Milk,
and Food and Non-Food Products. The firm has facilities in
more than 70 locations globally and can provide round-
the-clock direct support services to its customers. KHS has
manufacturing facilities in the United States, Mexico,
Brazil, India, and China.
Dortmund, Germany
Headquarters
Source: khs.com, Salzgitter Klöckner-Werke GmbH Annual Report 2022 for the Financial Year ended in Dec 2022, Currency Conversion - OANDA as on 31st December 2022, Rate - EUR 1 = USD 0.012
SUMMARY |
9.11 KHS GMBH (SALZGITTER KLÖCKNER-WERKE GMBH) - FINANCIALS

SALZGITTER KLÖCKNER-WERKE GMBH, REVENUE BREAKDOWN (%), BY GEOGRAPHY, SALZGITTER KLÖCKNER-WERKE GMBH, REVENUE BREAKDOWN (%), BY OPERATING
2022 SEGMENT, 2022
3.65% 0.19%
Domestic Other EU
6.52%
9.60% Strip Steel
9.87% 11.17% Section Steel

Rest of Europe America
40.76% Plate
4.88% 45.91%
Asia Africa 14.38% Pipes
Filling and packaging machinery

28.97%
Australia/Oceania 14.97% 9.12% Other
SALZGITTER KLÖCKNER-WERKE GMBH, REVENUE IN EUR MILLION, GLOBAL, 2020-2022 KHS GMBH, SALES IN EUR BILLION, GLOBAL, 2020-2022
12,553
1,291
9,767 1,245
7090
1,130
2020 2021 2022 2020 2021 2022
Source: Salzgitter Klöckner-Werke GmbH Annual Report 2022 for the Financial Year ended in Dec 2022, Sales of KHS GmbH from khs.com
Note: The company belongs to the same parent company Salzgitter Klöckner-Werke GmbH, but reporting differs.
SUMMARY |
9.11 KHS GMBH (SALZGITTER KLÖCKNER-WERKE GMBH) - PRODUCTS AND STRATEGIES

PRODUCTS STRATEGIES
• PET Bottles-
o KHS creates PET bottle that is made of up to 100 % recycled material, has a barrier that is
recyclable, is extremely light, and with a future-proof closure system such as a tethered cap.
TECHNOLOGY SUSTANIBILITY
The company provides a wide range of PET bottles in different sizes and shapes along with
handles used for different beverages, juices, and water, also the containers with a filling
volume of over 1.5 liters are a lot heavier which provides safety and convenience for the
consumer to transport. KHS has also developed a reusable PET container, which is very light
at 55g, with Austrian packaging experts ALPLA. The ecological balance of a 1-liter bottle also • KHS develops the Loop LITE packaging concept, which combines numerous environmental
depends on the high recycled content, up to 35 %. protection and economic benefits in one bottle. The container is perfectly circular because it
is made entirely of PET. Due to an optimized container design and an improved barrier, the
o Additionally, KHS combines the benefits of PET bottles with the benefits of glass bottles and weight of the 0.5-liter bottle has been reduced by up to 25% compared to current market
provides a market-proven solution for customers who have specific quality and sustainability standards. This development has reduced his CO2 emissions of packaging by about 60% (and
needs. FreshSafe-PET is made of a wafer-thin protective layer composed of SiOx, chemically in some cases more) compared to standard packaging systems made of uncoated new PET.
pure glass. The SiOx layer deepens the inner walls of PET containers, forming an effective
barrier. • Using the KHS InnoPET Blomax V series stretch blow molding machine sets a new standard for
resource conservation and significantly reduces the CO2 emissions of the production process.
o When SiOx is applied to a PET container, it prevents oxygen from entering the container while In addition to innovative systems that save energy and reduce overall operating costs, as well
retaining its aromas and carbonic acid. If SiOx is removed, vitamins are lost, and taste is lost. as optimized features for machine safety and ease of use.
FreshSafe-PET provides compelling freshness and high-quality protection for juice,
carbonated beverages, wine or sauce, and dressings contained in PET bottles. The solution • Moreover, the V-Series is ideal to produce bio-based products. It offers highly energy-efficient
allows 100% bottle-to-bottle recyclability. and cost-effective system technology. Plastic or PET bottles with 0.2- and 3.0-liter capacity. It
can be used for bottling water, soft drinks, beer or delicate products. It is highly flexible for
targeted use and has 6 to 36 blowing stations with a specific capacity of up to 2,800
containers per hour.
Source: khs.com
SUMMARY |
9.11 KHS GMBH (SALZGITTER KLÖCKNER-WERKE GMBH) - SWOT ANALYSIS
• KHS is at the forefront of the development of ultra-lightweight PET bottles and is also • The parent company’s revenue from the domestic market accounted for 45.91% of
actively developing solutions in conjunction with [r][PET]. In addition to the material the total annual revenue for the fiscal year 2022. The overdependence on the
used in the bottles, this also allows for the permanent conservation of resources domestic region, being a global company, adds to its vulnerability to any changes in
throughout the life cycle, thus contributing to the overall reduction of CO2 emissions in the market, directly affecting its revenue stability. Hence, the company must follow
production. a balanced approach, focusing on other regions with significant potential.
• The company is committed to research and development activity with full conviction.
The company has various research and development projects supported by the
European Union or the German Federal Ministry of Education and Research in Berlin and
its self-funded research activities.
• The company recycles PET bottles, which would be an opportunity to expand its • The massive energy crisis in Europe due Russia and Ukraine war has greatly
sustainable packaging across other countries and increase its portfolio. Additionally, increased production's overall cost. The company had to reduce the amount of
the company is providing lightweight PET bottles with thorough research and space required in the control cabinet to offset the greater cost and reduce
development like 0.5 L Bottles 0.9 L Bottles for Carbonated Soft Drinks 0.7 L Bottles procurement costs.
for Still Water and 7 L Bottles (both thread but no screw cap), this lightweight
• Since the company offers products in numerous industrial markets and sectors, the
bottles can grab immense market share as the demand has increased after the
constantly changing environmental norms in respective local and international
boom of e -commerce.
markets might impact the existing compliance to the laws, standards, and
regulations, impacting the company’s operations and policies.
SUMMARY |
9.12 ESTERFORM PACKAGING

• PET CONTAINERS
~200
Employees
www.esterform.com DUNS NUMBER:23-630-3132
OVERVIEW
Esterform Packaging is a leading manufacturer of PET
bottles and containers, catering to a wide range of
industries, including beverages, food, personal care,
pharmaceuticals, and more. Their extensive product 1999
portfolio includes a variety of standard bottle shapes Founded
and sizes, and they possess the expertise to develop
custom packaging solutions tailored to meet the unique
requirements of individual customers.
While Esterform serves multiple industries, their core
business lies in the bottled water market.
Esterform serves a diverse clientele both in the United
Kingdom and internationally.
England, United Kingdom
Headquarters
Source: esterform.com
SUMMARY |
9.12 ESTERFORM PACKAGING - PRODUCTS AND STRATEGIES

PRODUCTS STRATEGIES

Esterform offers wide spectrum of products, ranging from premium branded offerings to
Water & non -carbonated commodity own label products. Esterform incorporates strengthening features for
drink PET bottle it's PET bottles which proves particularly effective for non-carbonated drinks and water,
where the pressure within the bottle does not interfere with the strengthening features. • Esterform is monitoring advancements in the polymer industry regarding the use of plant-based
intermediate materials like bioMEG and bioPTA. These renewable materials derived from waste
vegetation have the potential to replace traditional petrochemical-based intermediates,
To meet the diverse needs of clients, Esterform offers a wide selection of standard bottles reducing the carbon footprint of PET production.
designed to handle various carbonation levels, up to 4 bar. Esterform team has been
Carbonated Soft Drink dedicated to innovating and refining preform offerings to support the goal of lightweight • Esterform has an in-house blending facility that allows them to customize the levels of post-
Bottle packaging. As part of this effort, they have introduced new neck finishes that complement consumer recycled PET (RPET) in their products. By using RPET, which is sourced from recycled
the use of modern, lighter weight caps, further contributing to the overall reduction in
plastic bottles and other containers, Esterform contributes to reducing plastic waste and
material usage.
promoting a circular economy.
• By utilizing post-consumer recycled PET (RPET) from approved sources, Esterform ensures that
As awareness of nutrition continues to rise, there has been a notable shift in the popularity only food contact grades are used in their packaging products. This approach guarantees that
Juices, Smoothies and of protein-rich products, extending beyond gymnasiums to mainstream retailers. their products meet strict safety and quality standards while reducing the environmental impact
Dairy Bottle Esterform’s PET bottles have been a preferred choice for packaging fresh flavored milk, associated with plastic waste. Although the production capacity for bioMEG and bioPTA is
ensuring product freshness and maintaining the nutritional quality of the beverage. currently limited in Esterform, the company is actively keeping track of developments in this
area. As production capacity grows in the future, Esterform can potentially incorporate more
sustainable plant-based intermediates into their PET production process.
• By adopting these sustainable practices, Esterform Packaging demonstrates its commitment to
environmental responsibility and aligns itself with the growing demand for eco-friendly
packaging solutions. Through continuous monitoring of technological advancements and a
customer-centric approach, Esterform aims to play a role in advancing sustainability in the
packaging industry.
SUMMARY |
9.12 ESTERFORM PACKAGING - SWOT ANALYSIS
• Esterform's unique position as the only UK independent polyethylene terephthalate • Esterform relies heavily on specific raw materials such as PET resins. Any disruption
(PET) preform and bottle supplier with an on-site PET analysis facility adds to their in the supply chain could impact their production and profitability.
strengths.
• Depending on the size and scope of their operations, Esterform might face
• The focus on sustainability through the exploration of plant-based intermediates challenges in penetrating new markets or expanding its market share.
and the incorporation of post-consumer recycled PET (RPET) in products is a
significant strength for Esterform Packaging. By keeping track of developments in
the industry, Esterform can capitalize on emerging sustainable technologies,
positioning themselves as a forward-thinking and environmentally conscious
packaging provider, thereby strengthening their competitive advantage in the
market.
• The packaging industry continues to grow due to increased e-commerce, global • Esterform may face fierce competition from other packaging companies, both
trade, and sustainability trends, providing Esterform with potential for expansion. established players and new entrants.
• Esterform could explore opportunities in emerging markets where the demand for • Changes in regulations related to packaging materials, environmental standards, or
packaging solutions is increasing as economies grow. trade could impact Esterform's operations and require costly adaptations.
• In addition to this, Esterform could invest in automation and advanced technologies • Economic downturns could lead to reduced demand for packaging solutions,
to improve efficiency, reduce costs, and maintain quality standards. affecting Esterform's revenue and profitability.
• Moreover, advancements in packaging technology or alternative packaging
methods could render Esterform's current offerings less attractive or obsolete.
SUMMARY |
9.13 ALPLA GROUP

• BEVERAGE BOTTLE
1955 • MILK BOTTLE
• JUICE BOTTLE
Founded
• BEER BOTTLE
www.alpla.com DUNS NUMBER: 30-322-2897
OVERVIEW
ALPLA group engages in developing packaging solutions
and focuses primarily on plastic packaging. The company
produces packaging for brands in the food, beverage, 23,300
pharmaceutical, milk and dairy, oil and lubricant, home,
and beauty care industries. Employees
The company has a presence in 190 locations across 46
countries and four continents, including Africa, the Middle
East, Turkey, North and South America, Central, Eastern,
and Western Europe, Mexico, Central America, India, and
a commonwealth of independent states.
The annual turnover of ALPLA is EUR 5.1 billion (USD 5.4
billion) for 2022, and ALPLA has 116 base plants, 68 in-
house plants, and 11 recycling plants.
Hard, Austria
Headquarters
Source: alpla.com
SUMMARY |
9.13 ALPLA GROUP - PRODUCTS AND STRATEGIES

PRODUCTS STRATEGIES
• The company offers an elaborative range of PET packaging in the form of bottles for end
users like beverages, milk, and dairy industries. The bottles are of different shapes, sizes, and
volumes depending on their usability. A few of the pet bottle’s specifications are given below- TECHNOLOGIES SUSTAINABILITIES
Type Volume(ml) Shape
Beverage Bottle 500, 1000, 1500, 200, 2000, 330 Round • The company strategized to successfully expand its global operations through organic growth,
strategic alliances, and acquisitions in the recent past. It is forming partnerships with suppliers and
R 1541 1500 Round
partners to boost product distribution across the operating regions.
Milk Bottle 250, 500 Square
• The company’s production operations are spread across different parts of the world. Also, the
Juice bottle 330, 500 Round company has its technical centers located across four continents. This supports the company’s
aspirations to become a global player by helping the company offer products based on local
Nicotine Line 120, 60 Round
demand and reduce transportation costs.
Milk Bottle 1000 Rectangular/Round • ALPLA Group announced that it would be investing up to EUR 250 million in globalizing its
recycling activities between 2021 and 2025 to close the materials cycle in as many regions as
possible. This is expected to help the company reduce the logistical effort related to its packaging
Beverage Bottle 1500, 750 Curved Round
solutions and helps the company to achieve the overall objective of reducing CO2 emissions and
actively bringing the circular economy forward.
Juice bottle 250, 500 Round
• Following an investment of roughly EUR 7.5 million (USD 8.15 million), the ALPLA Group and its
joint venture partners Ecohelp and UPT launched their first PET recycling facility in Romania in
Beer Bottle 1500 Round January 2023. With the help of household rubbish, the cutting-edge facility currently generates
about 18,000 tonnes of recycled material annually.
Multiuse Bottle 1000 Round
Shot bottle 70 Round
Source: alpla.com
SUMMARY |
9.13 ALPLA GROUP - SWOT ANALYSIS
• The company’s expertise in customer consultation is based on over 60 years of • Virgin PET bottles account for the largest share of resource and CO2 emissions.
experience in plastics processing. Whether in relation to design, the choice of Furthermore, virgin PET bottles that are then burned after use result in high CO2
materials, or the appropriate production technology, the company works with emissions again, and many governments across the world took the initiative to ban
customers to develop competitive, high-quality, and attractive packaging solutions. the use of plastic bottles for various uses across industries. The company is highly
operated by segments which might create a grip for future expansion and business.
• The company’s goal is to play an active part in shaping the packaging industry’s
future with continuous improvements and new solutions that can stand up to
future challenges, such as sustainability, demographic change, and digitization.
• The beverages industry is characterized by a high demand for innovation and • The current and future challenging economic conditions, such as inflation and
differentiation. Packaging is a key component of this industry, as it is both supply chain disruptions, may hamper the operations and financial results of the
technically and aesthetically demanding. Popular trends include high functionality company. The economies in the world have become volatile due to the conflict
despite minimal weight, user-friendly closures, sustainable production, and recycled between Russia and Ukraine.
materials. ALPLA can utilize its cutting-edge technologies to ensure efficient, cost-
effective production at competitive prices to grab a substantial market share. • Since the company offers products in numerous industrial markets and sectors, the
constantly changing environmental norms in the local and international markets
• As bottled water is popular throughout the world, the United States, China, and might impact the existing compliance with the laws, standards, and regulations,
Indonesia are the largest consumers, and ALPLA can acquire the opportunity in the impacting the company’s operations and policies.
regions as it develops innovative PET bottles that can be reused
SUMMARY |
9.13 ALPLA GROUP - KEY DEVELOPMENTS

At the Radomsko recycling plant in Poland, ALPLA, one of the packaging and recycling specialists, is expanding its circular
July 2023 Expansion economy. The company plans to invest approximately UR 8 million (USD 8.72384 million) in the 3rd extrusion line on the site,
increasing the annual production capacity from 30,000 to 54,000 tonnes of food-grade PET recycling (rPET).
In Ballito, a coastal town north of Durban, ALPLA is constructing a high-tech recycling plant with a capacity of 35,000 tons of
recycled PET material. The plant is ALPLA’s first step in entering the African recycling market and will begin construction in the
June 2023 Expansion
summer of 2023 with a planned completion date of autumn 2024. ALPLA is investing approximately EUR 60 million (USD 64.5312
million) to strengthen the regional circular economy.
Coca-Cola India, with the help of ALPLA, has launched a 100% recycled PET bottle in Andhra Pradesh, which is the first time a
100% recycled rPET bottle is expected to be used for food or drinks in India. Delivering rPET preforms supports Coca-Cola’s
June 2023 Collaboration
objective to use 50% recycled material by 2030 in all packaging. At present, 90% of Coca-Cola's packaging can be recycled, and
15% of the PET is used.
After nine months of construction and EUR 7.5 million (USD 8.1534 million) in investment, the ALPLA Group and its partners
Ecohelp and UPT have opened their first PET recycling factory in Romania. It's a state-of-the-art plant that now produces about
January 2023 Expansion
18,000 tons of recycled materials per year from people's household waste. They supply southeast Europe with food-grade rPET,
helping to promote the circular economy around the region.
Source: alpla.com
SUMMARY |
9.14 PLASTIPAK HOLDINGS INC.

• CARBONATE SOFT DRINKS AND WATER BOTTLES
1967 • PET PACKAGING FOR ALCOHOLIC BEVERAGES
• JUICE AND DAIRY BOTTLES
Founded
www.plastipak.com DUNS NUMBER: 11-917-4162
OVERVIEW
Plastipak Holdings Inc. designs manufactures, and
distributes rigid plastic containers and bottles for the
food, beverage, and consumer products industries. 6000+
The company offers plastic packaging solutions in aerosol,
Employees
carbonated soft drinks and water, consumer cleaning,
Juice, food and dairy, automotive, industrial, and
agricultural, personal care, and alcoholic beverages.
Moreover, Plastipak produces virgin PET resin at its plant
in Verbania (Italy). The resin can be directly injected into
injection molding machines on-site to produce bottles or
can be sold as a resin to the market. Plastipak operates
over 50+ production sites in North America, South
America, Europe and Africa, and Asia.
Michigan, United States
Headquarters
Source: plastipak.com
SUMMARY |
9.14 PLASTIPAK HOLDINGS INC. - PRODUCT AND STRATEGIES

PRODUCT STRATEGIES
Plastipak provides packaging solutions by producing a wide range of bottles, including single-
serve bottles, multi-gallon containers, and custom-sized containers for packaging of Waters,
sparkling and non-sparkling, Juices, edible oil, Dairy, and Carbonated soft drinks. TECHNOLOGIES SUSTAINABILITIES
o Fresh Packaging for Water -
Whether it is sparkling, non-sparkling, or flavored, Plasticipak creates PET water packaging.
Fresh designs help build brand identity and help customers differentiate themselves from the
competition. • The company strategized to successfully expand its Europe operations through organic
growth, strategic alliances, and acquisitions in the recent past. It is forming partnerships with
o Carbonated Soft Drinks - different suppliers and partners to boost regional product distribution. It also focuses on
The production of Carbonated soft drink packaging is necessary due to the need for developing new and innovative products to meet the customers' needs and guarantee
specialized packaging to preserve the carbonation, which gives carbonated beverages their complete client satisfaction.
distinctive flavor profile. Plasticipak’s barrier technologies ensure that consumers experience • Moreover, Plastipak is committed to sustainable packaging, from design and development to
the full fizziness of each carbonated beverage. recycling, and follows various recycling initiatives that turn used plastics into resin for new
o Juice Market – bottles, preventing millions of pounds of material from ending up in landfills a year. Plastipak's
sustainability initiatives are guided by a bottle-to-bottle approach to recycling, accomplished
In the juice market, Plasticipak provides barrier solutions to keep the product fresh. through the recycling affiliate Clean Tech.
Plasticipak’s high-output technology creates sustainable juice packaging that has a longer
shelf life. Plasticipak offers design flexibility for cost-effective, brand-building designs. • Additionally, the company's four global recycling centers utilize advanced technologies to
recycle PET plastics used to make new bottles. Due to this recycling approach, billions of
o Juice and Tea – bottles are repurposed annually.
Processed juices that necessitate hot fill application benefit from Plasticipak’s heat set • Furthermore, ThermoShaped from Plastipak is a patented technology that provides a wide
technology. The bottles are available in a wide variety of sizes and advanced designs. Handle range of design flexibility for brand-building, allowing for the hot-fill of lightweight PET
features enhance the product’s functionality, and also custom designs enhance the product's containers while ensuring product integrity and cost-effectiveness for customers.
visual appeal on store shelves.
Source: plastipak.com
SUMMARY |
9.14 PLASTIPAK HOLDINGS INC. - PRODUCT

o Packaging for Dairy Products -
o Plastipak's innovative technologies are designed to meet the specific requirements of dairy packaging, allowing for the processing of
dairy products in various forms, such as fresh milk, ESL milk, UHT milk, and sterile milk. To ensure the highest quality of packaging,
dairy products can benefit from using the LactoEsclipse barrier technology, which consists of monolayers and multilayers to block
light and oxygen from entering the packaging.
• Alcoholic Beveraages -
Plastipak serves the beer industry with preforms, bottle production, and keg manufacturing. In terms of functionality and performance,
PET beer kegs perform better than traditional beer kegs. The PET beer packaging from Plastipak keeps the beer's flavor, and the plastic's
shatterproof quality makes it ideal for activities like concerts, festivals, sporting events, and other events where glass hazards are a
concern
o Stock PET Beer Bottles-
Plastipak’s beer bottles of 12oz long neck and shorty stock bottles, taking standard 26mm crowns, weigh 80% under an equivalent glass
bottle, resulting in reduced greenhouse gas emissions in transport.
o PET Packaging for Wine -
Plastipak offers appealing wine packaging in various sizes, from traditional sizes to convenient individual wine cups. On store shelves,
PET wine bottles that define a brand stand out. It also preserves the full, rich flavor of the wine, and oxygen barriers reduce gas
permeability.
o Custom Spirits Packaging-
Plastipak provides full custom production of bespoke PET bottle designs for alcoholic beverages such as spirits, tequilas, rum, and other
distilled spirits. These designs include sensory embossing details effects, sample caps, and color flexibility.
o PET growler-
Plastipak's PET growler offers multicolor and full-wrap printability for less expense than glass. The 64-ounce growler, which is
lightweight and shatterproof, protects the beer without imparting flavors.
Source and picture source - plastipak.com

SUMMARY |
9.14 PLASTIPAK HOLDINGS INC. - SWOT ANALYSIS
• Plastipak sells 40.2 billion containers and performs and operates four recycling • As the company is dependent on the raw materials supply for the production of
centers along with a resin manufacturing plant. various PET containers, any disruption in the raw materials supply chain due to
geopolitical sanctions may disrupt the functioning of the company.
• The company’s unit volume compounded annual growth rate (CAGR) was
approximately 7.5% over the past ten years and have implemented by the • Moreover, the company is doing business in a competitive market, and due to its
company’s product diversification strategy. high dependency on revenues from specific segments of business and regions, any
change, such as a decrease in demand from these regions, can significantly affect
• The 7.5% positive growth of Plasticipak is the result of improved productivity and
the company.
proprietary growth, providing products with technology solutions for every market.
• The company is firmly committed to sustainability as it realizes that sustainability is • The business operations of the company are impacted by a variety of public
expected to be the future norm. All stakeholders must demand eco-friendly regulations, public policies, and tax laws. Any failure to comply with the existing or
products that reduce waste and carbon footprint. The company is ideally placed to changes in reforms can leave the company facing lawsuits or hefty penalties.
take advantage of such a scenario.
• In addition, accelerating demand due to the rising awareness of the benefits of the • In addition, rising awareness towards eco-friendly products might affect the
biodegradable packaging market in European countries provides excellent potential company’s future plans as it mainly deals with plastic products and resins.
for the company’s packaging solutions that can replace environmentally harmful Moreover, it is subject to environmental laws and regulations in the countries it
ones. operates so government regulations could impact the profit margins.
• Furthermore, with a strong position in the export market, the company may expand
its production capabilities in many other regions in the Middle East regions to gain a
competitive advantage.
SUMMARY |
9.14 PLASTIPAK HOLDINGS INC. - KEY DEVELOPMENTS

LanzaTech Global, Inc., an innovative carbon capture and transformation (CCT) company that converts waste carbon into
May 2023 Product Innovation materials such as sustainable fuels, fabrics, and packaging, has successfully produced PPK Natura, the world's first polyethylene
terephthalate (PET) resin made from carbon emissions along with Plastipak Packaging, Inc.
The Plasticipak company, the provider of plastic container design, production, and recycling services, has declared the official
opening of a significant recycling investment project at its manufacturing facility located in the city of Toledo, Spain. This new
November 2022 Investment
recycling facility is designed to transform PET flakes into food-grade recycled PET pellets (rPET), which can be directly
incorporated into new preform, bottle, and container applications.
Plastipak, which designs, manufactures, and recycles plastic containers, has completed a strategic investment to significantly
January 2022 Expansion
increase its PET recycling capacity at its manufacturing facility in Bascharage, Luxembourg.
source - plastipak.com
SUMMARY |
9.15 RETAL INDUSTRIES LIMITED

• PET CONTAINERS
1994
Founded
www.retalgroup.com DUNS NUMBER: 56-558-6281
OVERVIEW
Retal is a total provider of plastic packaging solutions,
specializing in converting PET (polyethylene
terephthalate) and rPET (recycled PET) into preforms and 1300
containers and manufacturing industry-leading films and
HDPE closures. Employees
The company is an expert in developing innovative and
cost-effective solutions, using technologically advanced
equipment to manufacture safe and responsible
packaging solutions.
The company produces and sells 120 million containers
annually, and in the next four years, capacity will increase
to 1 billion containers.
RETAL has 13 production bases in 9 countries, and sales Limassol, Cyprus
areas cover more than 70 countries in Europe, Asia,
Headquarters
Africa, and America.
Source: retalgroup.com
SUMMARY |
9.15 RETAL INDUSTRIES LIMITED - PRODUCTS AND STRATEGIES

PRODUCTS STRATEGIES
PET containers -
Retal provides Safe, lightweight, and transparent PET containers that are ideal for beverages.
It makes unique containers of different designs, shapes, capacities, properties, and thermal TECHNOLOGIES SUSTAINABILITIES
stability to ensure the products stand out on the shelf. In addition, Retal provides customers
with a full range of options, from product concepts to turn-around projects. Projects can be
carried out at the company’s plants as well as at the client’s facilities.
• Retal uses two manufacturing techniques which are one-stage and two-stage production. Both
technologies have their advantages, which are considered when developing customizable PET
solutions.
• Retal strives to reduce its environmental impact and has formalized targets to measure and
reduce direct and indirect greenhouse gas emissions and reduce plastic pollution. The company
also has established an environmental policy to promote a circular economy for plastics.
• To collaboratively support the sustainable development of the PET packaging sector and to work
toward increased collection and recycling of PET packaging, Retal’s first step was to join Petcore
Europe, an association that represents the whole PET value chain in Europe.
• In addition, Retal is a part of two other platforms, Recyclass, whose mission is to design plastic
packaging to be more recyclable and waste-free oceans, whose mission is to collect and upcycle
marine plastic trash into valuable items to lessen the worldwide impact of marine litter.
Source: retalgroup.com
SUMMARY |
9.15 RETAL INDUSTRIES LIMITED - SWOT ANALYSIS
• Retal is a player in the packaging industry, offering customers a wide range of • An overdependence on a particular region for a large proportion of its revenues
packaging products, services, and solutions. Through a combination of expertise may be a concern for the company in the event of political or economic adversity.
and dedication to development and manufacturing, the company might provide Any changes in the laws and regulations in the region may affect the company’s
value to its customers. position in the market.
• Retal dedicated R&D center thrives on producing PET containers and also provides • Furthermore, the company has not recently released new solutions or innovations
complete customer support and assistance with project management, audits, related to PET bottles. In the new generation of technologies and innovations, no
production line set-up, logistics, and from product design to commercial launch. initiative in releasing newer technologies can result in customers opting for other
vendors
• Retal is researching new materials, colorants, and functional additives. In addition, • The speed of technological change impacts not only consumers and individuals but
the company implements and tests economical solutions with minimal packaging also the manufacturing and supply process. The constant need to stay up-to-date
weight. This helps the company to expand its product portfolio as the demand for with technology may create a significant cost drag and the need to review existing
the light weighted bottles is in demand. operations regularly.
• Furthermore, the increased amount of eco-friendly pet bottles, the rising trend of • The company faces intense competition across its market segments. The company's
online food ordering, and government initiatives to decrease carbon footprint are competitors range from large diversified businesses to smaller companies
expected to provide more opportunities for the company during the forecast specializing in PET and rPET product range.
period.
10 PET BEVERAGE PACKAGING
MANUFACTURERS
#TOC_DIVIDER#
SUMMARY |
Sr No Company Current Locations Capacities Collaborations With Machinery/Equipment Suppliers
• Equipment in factories often lasts for decades. A large number of machines in factories
• St. Louis, Missouri, United • Over 2 billion PET and HDPE containers annually 100 million bottle worldwide remain unconnected to the cloud even today. However, collaboration with
1 Pretium Packaging States,19 locations across the capacity and the capability of producing containers ranging in size from Guidewheel’s innovation has created a fast, accessible, and elegant solution to bring those
United States and Canada 6.5 ounce to 11.6 liter. assets into the cloud and drive bottom-line impact.
• Current production capacity not available-

• 3 Aoki machines, 6 Bekum machines, 8 Hayssen machines
2 Apex Plastics • Brookfield, Missouri, United States • The expansion includes 2,000 sq. ft. of additional office space and 2,500
• Bekum H-155 Blow Molder with MTM Systems 2001D takeout and deflash down-line.
sq. ft. of added warehouse and production space.
• 25 Production lines, 4,400 million annual output

• Four aseptic filling lines in Taiwan with a production speed of 600BPM
(500ml PET bottle).
Taiwan Hon Chuan • Taiwan Hot filling line: the production speed is 400BPM for a 500ml PET
3 • Taichung Industrial Park, Taiwan • Collaborate with equipment giants such as Italy's SACMI and Canada's HUSKY
Enterprise Co., Ltd. bottle
• Shibuya aseptic filling system in Hon Chuan, Indonesia, offers
production speed of 600BPM with non-stop continuous production of
up to 120 hours
• Chemco operates machines including Husky, Krauss Maffei, Nissei ASB, Dr. Boy,
4 Chemco Group • Maharashtra, India • 7+ billions bottles and 155246 + FACTORY SPACE (SQM) • Automa, Ferromatik Milacron, Fong Kee, Toshiba, Sacmi, Sidel, Chen Hsong, and Reifenhauser,
among others.
• Rigid segment has 52 significant manufacturing and support facilities in

5 Amcor PLC • Zurich, Switzerland • Not disclosed
11 countries.
SUMMARY |
• Headquartered in New Albany, Ohio, United • Provides bottle manufacturing solutions with capabilities in Molding and
6 Axium Packaging States, with 18 Manufacturing Locations • NA, 3.5 million sq. ft of manufacturing space. Decorating Technologies. March 2023 - Recently collaborated with the North
spread across North America. Carolina Department of Commerce and Economic Development.
• Headquartered in Bangkok, Thailand, the

• June 2023, Indorama Ventures (Indorama Ventures) and Carbios (Carbios) have
7 Indorama Ventures Company has 147 manufacturing sites in 35 • IVL's total capacity was 12.0 million tonnes per annum (MTA)
collaborated to construct a pioneering PET recycle plant in France.
countries across six continents.
• Produces 320 million PET preforms per month and 1,800 PET • Injection- Husky Canada, Blowing Sidel France, Krones Germany, Compression-
8 Indo Tirta Abadi • Indonesia
bottles per minute Sacmi Italy
• Machinery Suppliers: Undisclosed; Client Partners: Hindustan Unilever, Nestle,

• Headquartered in Bangalore, India, with 21 • Capacity - 225,000 MT PET, HDPE, PP grade plastics in bottles,
9 Manjushree Technopack Britannia, P&G, Coca-Cola, Tata Tea, Heinz, Godrej, Glaxo Smith Kline, among
manufacturing facilities spread across India containers, and PET preforms per annum
others.
Young Shang Plastic Industry

10 • Taiwan • 10+ billion plastic bottles sold. • Nissei ASB as a 1-step stretch molding machine supplier.
Co. Ltd.
• 1000+ packaging lines,8,000 new bottle designs and drawings

• There are close to 40,000 Sidel Group machines in operation in over 190
11 Sidel Group • Le Havre, France, created every year
countries.
100,000 bottle concepts are analyzed every year.
SUMMARY |
• Information on machinery supplier is unavailable; Services Offered in

• Headquartered in the Netherlands with offices in Germany, • The company can offer custom-made injection-moulded
Bottle Packaging: 3D design & prototype, Custom Moulding, Color
12 Frapak Packaging France, Holland, Denmark, United Kingdom, Belgium, Spain, design bottles on any orders of 150,000 units and above
matching, Screen printing, Packaging Assembly, Dip Tube Cutting.
and Italy per year
• Headquartered in Budenheim, Germany. BERICAP operates

13 BERICAP • Production capacity of over 94 billion closures • Information on machinery suppliers is not available.
29 production sites in 25 countries
• PET containers, producing 350 million units at its Tenbury

14 Esterform Packaging • Headquartered in the United Kingdom Wells plant and has an overall PET preform capability of • Sidel as blow molding machine supplier
2.6 billion units.
• Information on machinery supplier is not available; In 2002, they

• Production capacity of over 150 million PET bottles per purchased the first 1-stage PET injection stretch blow molding
15 Eproplast Gmbh • Headquartered in Germany
year. machine
• Headquartered in Germany, KHS production facilities abroad

are located in Brazil (Sao Paulo), the US (Waukesha, WI), • NA, 4,300 square meters of manufacturing space in
16 KHS GmbH • Machinery Suppliers: Marubeni Techno-Systems Corp.
Mexico (Zinacantepec), India (Ahmedabad), and China Germany.
(Kunshan).
#TOC_DIVIDER#
SUMMARY |
RESEARCH AND DEVELOPMENT, USD MILLION, COSTS OF PEPSI CO, 2013-2022 • Over the past few years, many companies in the outsourcing business have participated in massive
deals, focusing on expanding their offerings and building capacity through fewer transactions. Hence,
various beverage packaging providers view innovations and investments through new launches,
780 acquisitions, funding, and service improvisation as a lucrative path toward improving performance,
771.00
increasing efficiency, and maximizing market share.
760
760 754 • Due to the rising demand for PET bottles, businesses are expanding their manufacturing locations and
752.00
tripling existing facilities. Rivals unite to open the country's largest PET recycling plant. In March 2022,
737 Australia's largest PET recycling plant was operational and expected to substantially reduce plastic
740 waste by recycling approximately one billion PET beverage bottles annually.
718 719 • The AUD 45 million (USD 33 million) plant in Albury-Wodonga has boosted regional jobs and is helping
720 to build a domestic circular economy. It has also increased the amount of locally-sourced and recycled
711
PET in Australia by two-thirds, from around 30,000 tons to over 50,000 tons annually.
700 • Beverage manufacturers are taking a step toward developing a closed-loop circular economy in
Indonesia by introducing 100% rPET bottles marks a substantial contribution towards its goal,
680
680 reducing reliance on new plastics in Indonesia and lowering carbon emissions in the production
665 process. For instance, Coca-Cola Indonesia, in partnership with Coca-Cola Europacific Partners (CCEP),
has announced the nationwide launch of bottles made from 100% recycled PET (rPET) plastic,
660
excluding the cap and label. In a first for the country, rPET packaging is now available for Coca-Cola
Trademark brands, Fanta, Sprite in 390ml, and Sprite Waterlymon in 425ml. Such investments and
640 partnerships are expected to boost the demand for PET beverage packaging in the long run.
• Notably, PepsiCo is a United States-based multinational food and beverage company based in New
620 York City. The company's total research and development expenditure amounted to approximately
USD 771 million in 2022. During the preceding seven years, total research and development expenses
for the company varied between USD 665 million and USD 771 million
600
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
Research And Development Cost
Source PepsiCo
SUMMARY |
• Similarly, players work together to develop new food-grade packaging using superior recycled resin. In keeping with this, PTT Global Chemical (GC), a chemical company with operations in Thailand, and
Alpla Group teamed together in March 2023 to develop innovative food-grade packaging using recycled plastic polymers. The partners will create packaging for Thailand's food and beverage market
using 100% post-consumer recycled PET (PCR PET) plastic resins. Recycled plastic resin is produced at Envicco, a cutting-edge recycling facility jointly owned by Alpla Group and GC. High-quality PCR PET
and PCR HDPE (high-density polyethylene) plastic resins can be produced at the factory in quantities of up to 45,000 tonnes per year. The Food and Drug Administration of the United States has
approved PCR PET for use in the food and beverage industries.
• Following the similar footsteps on October 2022, Aquafina, PepsiCo’s hydration brand, has announced the introduction of locally manufactured, 100% recycled plastic bottles, demonstrating the brand’s
commitment to driving a circular economy and reducing packaging waste, rendering it the first beverage brand in Qatar and the GCC region to do so.
• Alcoholic beverages are also gaining traction in PET packaging. Players are implementing cost-effective solutions on their products to stay ahead of the competition and offer competitive pricing. Wine
manufacturers are switching to PET bottles as they offer convenience, are lightweight, easily transportable, and shatterproof. Further, the average cost of a glass wine bottle increased 23% from April
2020 to April 2023, which is the primary reason causing the shift.
• Further, players collaborate with sustainable chemical providers to introduce cost-effective and sustainable solutions. In May 2023, SIPA and Indorama Ventures Public Company Limited, one of the
world’s leading sustainable chemical companies, collaborated to bring the world’s first sustainable, monolayer PET sparkling wine bottle to market, celebrating International Wine Day.
• The new PET sparkling wine bottle weighs only 90g, which makes it practically unbreakable and around 80% lighter than a conventional glass bottle. The ideal weight permits up to 33% more bottles per
truck, and the shatterproof characteristics enhance logistics for mobile goods. Due to these benefits, wine brands now have access to new distribution channels, including e-commerce and on-board
transportation, and recent occasions for consumption at festivals and events. After 24 months of storage at 15 degrees, OxyClear PET Wine bottles offer the same advantages and functionality as glass,
according to numerous tests of the barrier material carried out at the German Institute of Geisenheim.
Image Source: TRS
#TOC_DIVIDER#
SUMMARY |

• Long-term adoption of more environmentally friendly packaging and production techniques is a trend. Leading companies like Ice River Springs and Evian from Danone, who have previously launched
packaging constructed from 100% recycled PET, exemplify this progression. The three sustainability trends anticipated are more usage of recycled PET, decreased use of virgin resin through lightweight
programs, and growing conversion from other packaging materials to endlessly recyclable PET.
• The National Association for PET Container Resources (NAPCOR) claims in a new life cycle assessment (LCA) research that PET plastic bottles offer "significant environmental savings" when compared to
aluminum and glass bottles. For its most recent study, NAPCOR collaborated with Franklin Associates, a solid waste management and life cycle assessment consulting organization, and concluded that
PET plastic is the most excellent packaging option for lowering global warming in the US. According to NAPCOR, the report examines the environmental advantages and trade-offs for a product's whole
life cycle, from raw material extraction to production, usage, reuse, or recycling of materials, and final disposal.
• In response to growing worldwide environmental awareness triggered by the problem of marine plastic pollution, Mitsubishi Corporation has been working to promote business that addresses societal
demands, such as encouraging plastic recycling and switching to bioplastic and other alternative materials.
• Thai Shinkong Industry Corporation Ltd. (TSIC) produces and sells PET resin for beverage bottles in Thailand. PET resin is a highly recyclable mono-material for which there are established collection and
recycling systems. TSIC plans to manufacture recycled PET resin by introducing chemical recycling technologies, and commercial production is scheduled to start in the first half of 2023.
• Manufacturers of beverages worldwide are concentrating on a transition that prioritizes sustainability and people. PepsiCo declared a global packaging goal in December 2022 to double from 10% 20%
by 2030 the proportion of all beverage servings delivered via reusable models. This goal is a component of PepsiCo Positive, the company's strategic, all-encompassing business change that places
people and sustainability at the forefront of how the firm will generate growth and value. By adhering to the Global Commitment to the New Plastics Economy, the corporation further demonstrated its
dedication to a circular economy for plastics. Progress in achieving PepsiCo's objectives to reduce virgin plastic usage per serving by 50% by 2030 and to achieve net zero status by 2040 will also be
encouraged.
• About one-third of Singapore's home garbage is disposed of as packaging waste, of which 60% is plastic. The nation still has a low recycling rate, nevertheless. Only 6% of the plastic waste produced
recently was recycled. The government has also devised a solution for packaging waste called "The Beverage Container Return Scheme." The National Environment Agency (NEA) released information
about the beverage container return program (program) in March 2023. All pre-packaged beverages in plastic bottles and metal cans with a capacity of 150 milliliters to 3 liters will be subject to the
Scheme's 10-cent refundable deposit requirement. This deposit will be fully repaid when empty beverage containers are returned to the appropriate return stations.
• Furthermore, producers and exporters of these pre-packaged beverages must sign up for the Scheme. Plastic bottles and metal cans are included since they make up roughly 70% of beverage containers
sold, have significant material values, and are simple to collect, condense, and recycle. Sustainability concerns play a more significant role in packaging decisions, whether due to laws, voluntary climate
goals, or rising consumer environmental consciousness. The market in the future is expected to witness several companies focus on sustainable beverage packaging. For instance, in February 2022, a
thorough scientific examination of the material and process characteristics was performed in the initial stage of the collaborative project. Based on these discoveries, Krones and Alpla created a
returnable PET container that offers a perfect environment in the cold chain for delicate ESL (Extended Shelf-Life) items like milk and juice.
13 ABOUT US
13.1 Industries Covered
13.2 Illustrative List of Clients
13.3 Our Customized Research Capabilities
#TOC_DIVIDER#
ABOUT US
SNAPSHOT
HANDCRAFTED RESEARCH On-the-ground industry experts in
SOLUTIONS 100+ countries
IN-DEPTH 3000+
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REAL-TIME INDUSTRY 5000+

TRACKING Projects delivered
+1-617-765-2493
info@mordorintelligence.com DEDICATED ANALYST
SUPPORT 250+
In-house analysts
13.1 INDUSTRIES COVERED
ICT CHEMICALS AND MATERIALS CONSUMER GOODS PACKAGING
• IoT, Big Data, M2M • Adhesives & Sealants • Apparel, Footwear, Accessories • Packaging Materials & Types
• Analytics • Advanced Materials • Appliances • Food Packaging
• Cloud Computing • Aromatics and Intermediates • Cosmetics • Beverage Packaging
• Information Technology • Composites • Furniture • Pharmaceutical Packaging
• Data Centers • Construction Chemicals & Materials • Household Care • Household Packaging
• Software & Solutions • Metals, Ceramics, Industrial Materials • Luxury Goods & Services • Personal Care Packaging
• Telecommunications • Paints & Coatings • Personal Care • Industrial Packaging
• IT Hardware • Plastics, Polymers, Elastomers • Recreational Goods • Advanced Packaging
• Internet • Specialty & Fine Chemicals • Sports & Fitness • Country-Level Packaging Industry Analysis
• Security • Water & Wastewater Treatment • Packaging Equipment
• Advanced Technologies
ELECTRONICS ENERGY & POWER AUTOMATION HEALTHCARE
• Semiconductors • Power • Industrial Automation & Process Control • Disease Landscape

• Sensors • Oil & Gas • Robotics • Healthcare IT
• Optoelectronics • Renewables • Engineering Products & Components • Medical Devices
• Electrical & Electronic Components • Energy Efficiency • Building Automation • Pharmaceuticals
• Display Technology • Engineering, Procurement and Construction • Logistics Automation • Biotechnology
• Security & Surveillance • Veterinary Healthcare
• Monitoring & Testing Equipment • Healthcare Services
13.1 INDUSTRIES COVERED
AGRICULTURE FOOD & BEVERAGES AUTOMOTIVE
• Agricultural Commodities • Food • Parts and Components

• Agricultural Machinery & Tech • Beverage • Automotive Technology
• Crop Protection • Processed Food • Manufacturing Processes
• Fertilizers & Seeds • Food Additives & Supplements • Automotive Materials & Coatings
• Food Ingredients • Automotive Services
• Food Service • Vehicles
• Machinery & Equipment
ANIMAL NUTRITION AEROSPACE & DEFENSE OTHER GROUPS
• Compound Feed • Defense • Logistics

• Feed Additives & Premixes • Airport Operations • Processing Technologies
• Pet Care • MRO • Finance and Insurance
• Pet Food • Technology • Retail
• Real Estate and Construction
• Tourism
13.1.1 COVERAGE WITHIN PACKAGING
Ready-to-use Market Reports Customized Market Intelligence

Products
500+ off-the-shelf reports for ready consumption on packaging
Tailored solutions for in-depth, unique needs
Packaging
Business Segments
Packaging Equipment &
Materials & Industrial Food Pharma Personal Care Advanced
Beverage Household
Types Packaging Packaging Packaging Packaging Packaging Packaging Packaging
Market Market Product Competitive Investment

Structure Assessment Intelligence Intelligence Intelligence
Intelligence &
Advisory
Customer, distributor, supplier intelligence Data collection and analysis
13.2 ILLUSTRATIVE LIST OF CLIENTS
Mondi Ball Kimberly-Clark
L’oreal Montebello WestRock
Dow Dupont Bemis Neenah
Sidel Sealed Air FedEx
SACMI Landec Balubaid
Altium Ocenea Group Mitsui
Sapin Liqui-Box UPS Healthcare
13.3 OUR CUSTOMIZED RESEARCH CAPABILITIES
7. CUSTOMER, DISTRIBUTOR, SUPPLIER INTELLIGENCE 1. MARKET STRUCTURE ASSESSMENT
• Identification of potential partners • Macroeconomic analysis
• Shortlisting/finalization of potential partners • Value Chain and Supply Chain Analysis
• Customer need analysis 1 • Regulatory assessment
• Customer's purchase and usage behavior Customer, Market • Technology scouting and assessment*
Distributor,
• Customer/partner feedback and satisfaction* Structure • Sourcing and category intelligence
7 Supplier
• Brand perception analysis* Assessment
Intelligence 2. MARKET INTELLIGENCE SUPPORT
• Key Opinion Leader Insights 2
• Market size and segmentation
• Growth opportunities
6. PRODUCT INTELLIGENCE SUPPORT Product Market
intelligence Intelligence • Market dynamics and new developments*
• Import and Export Intelligence* ADVISORY & INSIGHTS
Support Support • Go to Market Strategies
• Commodity pricing intelligence*
• Product pricing intelligence* • Recommendations 3. COMPETITIVE INTELLIGENCE SUPPORT
6 • Strategic inputs
• Product Positioning Assessment • Company profiling
• Go-to-market support
• New product launch tracker* 3 • Competition assessment incl. market share
Investment Competitive
• Product claims assessment* • Drilled down revenue estimations
Intelligence Intelligence
• Product Concept Testing Support Support • Employer value proposition
Data Collection
5. INVESTMENT INTELLIGENCE SUPPORT and Analysis 4. DATA COLLECTION AND ANALYSIS SUPPORT
5 Support
• Project feasibility analysis • Data analytics and visualization
4
• R&D and Patent analysis support • Data collection, manipulation incl. web scraping
• M&A, JV support - Scouting, shortlisting, target assessment • B2B and B2C surveys and interviews
*Available as one time effort as well as in the form of periodic updates
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of this report are accurate and robust. We would really appreciate it if you could take some time to fill
out a quick feedback around this. Your inputs go a long way in ensuring a product quality, we are proud
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Global PET Beverage Packaging Market Size and Share Analysis - Growth Trends and Forecasts (2023 - 2028)

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Report

GLOBAL PET BEVERAGE PACKAGING

Base Year: 2022

Forecast Period: 2023-2028

+1 617 765 2493

10 PET BEVERAGE PACKAGING MANUFACTURERS

12 FUTURE OF THE MARKET

1.1 STUDY ASSUMPTIONS AND MARKET DEFINITION

1.2 SCOPE OF THE STUDY

BY PRODUCT BY END USER INDUSTRY BY GEOGRAPHY

• Bottles • Carbonated Drinks • North America

2.1 RESEARCH FRAMEWORK

STEP 1 STEP 2 STEP 3

Report delivery with high quality market insights,

Confirm the objectives of the assignment with Client

2.2 SECONDARY RESEARCH

OBJECTIVE Hypothesis and insights building; get factual data

Key contact list

Relevance and credibility of sources

2.3 PRIMARY RESEARCH APPROACH AND KEY RESPONDENTS

EXECUTIVE LEVEL OPERATIONAL LEVEL INDUSTRY/ NEED SPECIFIC MARKET ECOSYSTEM

Interviews spread across regions based on a regional

Raw data and intelligence, Insights into market dynamics,

2.4 DATA TRIANGULATION AND INSIGHT GENERATION

VALIDATION FOR MARKET ASSESSMENT ESTIMATES

ECONOMETRIC MODELS ANALYST ESTIMATES Expert interviews

3 EXECUTIVE SUMMARY - BY REVENUE

BY PRODUCT BY END-USER INDUSTRY

PET BEVERAGE PACKAGING MARKET, REVENUE IN USD BILLION, GLOBAL, 2021-2028

34.67% 37.55 39.34 41.24 43.29

By geography, the Asia-Pacific segment held the largest share

3 EXECUTIVE SUMMARY - BY VOLUME

BY PRODUCT BY END-USER INDUSTRY

PET BEVERAGE PACKAGING MARKET, VOLUME IN MILLION TONNES, GLOBAL, 2021-2028

36.39% 22.82 23.86 24.59 25.43 26.16 26.81

By geography, the Asia-Pacific segment held the largest

4.1 MARKET OVERVIEW

Source: PlastIndia Foundation

4.1 MARKET OVERVIEW

Image Source: iStock.com

4.1 MARKET OVERVIEW

Source: DGCI&S; Plastindia Foundation

4.2 INDUSTRY ATTRACTIVENESS - PORTER'S FIVE FORCES ANALYSIS

THREAT OF NEW ENTRANTS

• The bargaining power of suppliers is moderately low, and it is expected to

Source: Mordor Intelligence

4.2.1 BARGAINING POWER OF SUPPLIERS

Source: Mordor Intelligence

4.2.2 BARGAINING POWER OF BUYERS

Source: Mordor Intelligence

4.2.3 THREAT OF NEW ENTRANTS

Source: Mordor Intelligence

4.2.4 THREAT OF SUBSTITUTES

Number of substitute products available in

Source: Mordor Intelligence

4.2.5 INTENSITY OF COMPETITIVE RIVALRY

Source: Mordor Intelligence

4.3 INDUSTRY VALUE CHAIN ANALYSIS

RAW MATERIAL PACKAGING END-USER RECOVERY AND

Image Source: iStock.com

4.5 REGULATORY FRAMEWORK

Image Source: Microsoft Stock Images

4.6 IMPORT AND EXPORT ANALYSIS

4,57,117 4,53,000 4,31,657 4,10,457 84,176