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Latin America PET Bottles Market Report and Forecast 2023-2028

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    Report

  • 189 Pages
  • October 2023
  • Region: Latin America
  • Expert Market Research
  • ID: 5901149
According to this report, the Latin America PET bottle market is projected to grow at a CAGR of 12.6% between 2023 and 2028 to reach a value of USD 4.24 billion by 2028. Aided by the escalating demand for sustainable packaging solutions and the expanding applications of PET bottles in several industries, the market is expected to grow significantly by 2028.

PET bottles, made from polyethylene terephthalate, are increasingly sought after for their durability, lightness, and resistance to water, carbon dioxide, and other elements. They play an essential role in packing various consumer products, including beverages, food items, pharmaceuticals, and personal care products. Apart from their protective features, PET bottles also offer recyclability, contributing to their sustainability profile and making them a preferred choice in diverse industrial applications.

The rising consumer preference for sustainable packaging solutions is a significant propellant of the Latin America PET bottle market growth. Amid heightened awareness of the environmental impact of packaging waste, consumers are pivoting towards recyclable and reusable packaging options, leading to a surge in demand for PET bottles. Moreover, the prevailing trend of on-the-go consumption has further augmented the popularity of PET bottles, which are convenient for packaging portable drinks and snacks.

The diverse applications of PET bottles in several industries are also instrumental in boosting the Latin America PET bottle market development. In the beverage industry, PET bottles are extensively used for packaging water, carbonated drinks, juices, and alcoholic beverages due to their lightweight nature and robustness. The food industry deploys PET bottles to package oils, sauces, and condiments, while the pharmaceutical industry uses them for storing and dispensing liquid medicines. Furthermore, PET bottles are an integral part of the personal care and cosmetics industry, serving as containers for lotions, shampoos, and other products.

In addition, the increasing urbanisation and the growing middle-class population in Latin American countries are spurring the Latin America PET bottle market expansion. With greater disposable income, the demand for packaged goods, including beverages and personal care products, is increasing, thereby boosting the need for PET bottles. Furthermore, the rising health consciousness among consumers has led to a heightened demand for bottled water, a sector dominated by PET bottles.

Market Segmentation

The market can be divided based on technology, application, and country.

Market Breakup by Technology

  • Stretch Blow Moulding
  • Injection Moulding
  • Extrusion Blow Moulding
  • Thermoforming
  • Others

Market Breakup by Application

  • Beverages
  • Packaged Water
  • Carbonated Soft Drinks
  • Fruit Juice
  • Alcoholic Beverages
  • Food
  • Personal Care
  • Household Care
  • Pharmaceuticals
  • Others

Market Breakup by Country

  • Brazil
  • Argentina
  • Mexico
  • Others

Competitive Landscape

This report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the Latin America PET bottle companies. Some of the major key players explored in this report are as follows:
  • Amcor plc
  • Berry Global Inc.
  • Graham Packaging Company
  • Maxipet S.A de C.V.
  • Plastipak Holdings, Inc.
  • Others

About the Analyst

Acquire unparalleled access to critical industry insights with our comprehensive market research reports, meticulously prepared by a team of seasoned experts. These reports are designed to equip decision-makers with an in-depth understanding of prevailing market trends, competitive landscapes, and growth opportunities.

The high-quality, data-driven analyses provide the essential framework for organisations seeking to make informed and strategic decisions in an increasingly complex and rapidly evolving business environment. By investing in this market research reports, you can ensure your organisation remains agile, proactive, and poised for success in today's competitive market.

Don't miss the opportunity to elevate your business intelligence and fortify your strategic planning. Secure your organisation's future success by acquiring one of these reports today.

The analyst always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.

Table of Contents

1 Preface2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot7 Industry Opportunities and Challenges
8 Latin America PET Bottles Market Analysis
8.1 Key Industry Highlights
8.2 Latin America PET Bottles Historical Market (2018-2022)
8.3 Latin America PET Bottles Market Forecast (2023-2028)
8.4 Latin America PET Bottles Market by Technology
8.4.1 Stretch Blow Moulding
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Injection Moulding
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.3 Extrusion Blow Moulding
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2022)
8.4.3.3 Forecast Trend (2023-2028)
8.4.4 Thermoforming
8.4.4.1 Market Share
8.4.4.2 Historical Trend (2018-2022)
8.4.4.3 Forecast Trend (2023-2028)
8.4.5 Others
8.5 Latin America PET Bottles Market by Application
8.5.1 Beverages
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.1.4 Breakup by Type
8.5.1.4.1 Packaged Water
8.5.1.4.2 Carbonated Soft Drinks
8.5.1.4.3 Fruit Juice
8.5.1.4.4 Alcoholic Beverages
8.5.2 Food
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.5.3 Personal Care
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2022)
8.5.3.3 Forecast Trend (2023-2028)
8.5.4 Household Care
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2018-2022)
8.5.4.3 Forecast Trend (2023-2028)
8.5.5 Pharmaceuticals
8.5.5.1 Market Share
8.5.5.2 Historical Trend (2018-2022)
8.5.5.3 Forecast Trend (2023-2028)
8.5.6 Others
8.6 Latin America PET Bottles Market by Country
8.6.1 Market Share
8.6.1.1 Brazil
8.6.1.2 Argentina
8.6.1.3 Mexico
8.6.1.4 Others
9 Regional Analysis
9.1 Brazil
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.2 Argentina
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
9.3 Mexico
9.3.1 Historical Trend (2018-2022)
9.3.2 Forecast Trend (2023-2028)
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Competitive Landscape
12.1 Market Structure
12.2 Company Profiles
12.2.1 Amcor plc
12.2.1.1 Company Overview
12.2.1.2 Product Portfolio
12.2.1.3 Demographic Reach and Achievements
12.2.1.4 Certifications
12.2.2 Berry Global Inc.
12.2.2.1 Company Overview
12.2.2.2 Product Portfolio
12.2.2.3 Demographic Reach and Achievements
12.2.2.4 Certifications
12.2.3 Graham Packaging Company
12.2.3.1 Company Overview
12.2.3.2 Product Portfolio
12.2.3.3 Demographic Reach and Achievements
12.2.3.4 Certifications
12.2.4 Maxipet S.A de C.V.
12.2.4.1 Company Overview
12.2.4.2 Product Portfolio
12.2.4.3 Demographic Reach and Achievements
12.2.4.4 Certifications
12.2.5 Plastipak Holdings, Inc.
12.2.5.1 Company Overview
12.2.5.2 Product Portfolio
12.2.5.3 Demographic Reach and Achievements
12.2.5.4 Certifications
12.2.6 Others
13 Key Trends and Developments in the Market
List of Figures and Tables
1. Latin America PET Bottles Market: Key Industry Highlights, 2018 and 2028
2. Latin America PET Bottles Historical Market: Breakup by Technology (USD Million), 2018-2022
3. Latin America PET Bottles Market Forecast: Breakup by Technology (USD Million), 2023-2028
4. Latin America PET Bottles Historical Market: Breakup by Application USD Million), 2018-2022
5. Latin America PET Bottles Market Forecast: Breakup by Application (USD Million), 2023-2028
6. Latin America PET Bottles Historical Market: Breakup by Country (USD Million), 2018-2022
7. Latin America PET Bottles Market Forecast: Breakup by Country (USD Million), 2023-2028
8. Latin America PET Bottles Market Structure

Companies Mentioned

  • Amcor plc
  • Berry Global Inc.
  • Graham Packaging Company
  • Maxipet S.A de C.V.
  • Plastipak Holdings Inc.

Methodology

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Table Information