Grab-and-Go Bottles Market: Overview, Data Updates, Reports Analysis & Forecast | FMI
Between 2023 and 2033, the global market for grab-and-go bottles is anticipated to grow at a CAGR of 5%. The market is anticipated to reach US$ 133.7 billion by 2033 from an estimated US$ 82.1 billion in 2023. Prior to this, the market was growing, reaching a value of US$78.2 billion in 2022.
Aseptic technology is one of many cutting-edge techniques used by producers of grab-and-go bottles to help lessen exterior contamination during packaging. As a result, businesses might create and sell better ready-to-drink products. Additionally, consumers are adopting single-serve drinking containers, which is expected to play a major role in the growth of the grab-and-go bottle market globally.
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Hence, increasing consumption of soft drinks, juices, and others and growing availability of aforementioned beverages in supermarkets, convenience stores, and many retail outlets are creating high revenue generation opportunities in the market.
With rising concern regarding the environment, leading beverage manufacturers are aiming at introducing sustainable liquid packaging solutions. For instance, Coca-Cola Co. announced launching sustainable grab and go bottles made of 100% recycled polyethylene terephthalate (PET) for its soft drink in February 2021.
A multiplicity of new products launches is expected to aid the market. Against this backdrop, the global grab and go bottles market is set to register 4.4% year-on-year growth between 2020 and 2021.
Based on material type, plastic is anticipated to remain the most preferred material in the market, accounting for nearly 3/4th of the sales in 2021. Attributes favoring the growth in the segment are low cost, lightweight, high durability, and versatility as compared to glass bottles.
Key Takeaways:
- The U.S. is forecast to dominate the market in North America, owing to the increasing consumption of ready-to-drink beverages in the country.
- Europe is anticipated to account for around 32.5% of overall sales in 2021, favored by the growing adoption of sustainable packaging solutions in the U.K. and Germany.
- China is projected to emerge as the most lucrative grab and go bottles market, exhibiting sales at 5.6% CAGR between 2021 and 2031.
- In terms of capacity, up to 250 ml bottle capacity segment is estimated to register swift growth, gaining around 150 BPS of the current market share through 2031.
- On the basis of end use, the beverage segment is expected to account for the largest share, expanding at 5.1% CAGR over the assessment period.
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By Material Type:
- · Plastic
- o Polyethylene (PE)
- o PET
- o Polypropylene (PP)
- o Others
- · Glass
By Capacity:
- Up to 250 ml
- 251-500 ml
- 501-1000 ml
- Above 1000 ml
By End Use:
- Food
- Sauces & Condiments
- Soups & Syrups
- Dairy Products
- Others
- Beverages
- Alcoholic
- Non-alcoholic
- Tea & Coffee
- Juices
- Soft Drinks
- Bottled Water
- Others
- Cosmetics & Personal Care
- Others
By Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- Middle East and Africa