The global grab-and-go bottles market is projected to reach US$133.7 billion by 2033, growing at a CAGR of 5% from 2023, according to a report by Future Market Insights (FMI). The market is currently valued at US$82.1 billion, fueled by the increasing demand for convenient and healthy beverage options.
Innovation and Sustainability: A Winning Combination
- Aseptic Technology: Manufacturers are adopting aseptic technologies to minimize contamination during packaging, allowing for the development of safer and more convenient ready-to-drink products.
- Recyclable Materials: PET bottles remain a top choice due to their lightweight design and recyclability. Manufacturers are focusing on eco-friendly alternatives to cater to growing consumer demand for sustainable packaging.
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Emerging Markets and the Rise of Bottled Water
- Latin America and Middle East & Africa: These regions present lucrative opportunities due to the rising demand for grab and go bottles. Stringent regulations on single-use plastics are prompting manufacturers to prioritize recyclability.
- Clean Water Concerns: With millions lacking access to clean drinking water globally, bottled water consumption is on the rise as a safe and healthy alternative. Beverage companies are capitalizing on this trend, offering grab and go bottled water options.
Convenience Reigns Supreme
- Busy Lifestyles: Consumers, particularly working professionals and single-parent households, are increasingly opting for convenient grab and go beverages that require minimal preparation.
- Portion Control: The trend towards smaller portion sizes aligns perfectly with grab and go bottles, allowing for mindful consumption and reduced waste.
Future Outlook
The grab and go bottles market is expected to thrive over the next decade, driven by factors like:
- Growing demand for on-the-go convenience
- Focus on health and hydration
- Innovation in sustainable packaging solutions
- Rising disposable income in developing economies
Trends in the Grab and Go Bottles Industry:
- Functional and Enhanced Beverages: Witness a surge in demand for beverages with added functionality, such as enhanced hydration, immunity support, or energy-boosting ingredients. Consumers are increasingly seeking beverages that offer more than just refreshment.
- Innovative Packaging Designs: Experience a shift towards innovative and eye-catching packaging designs. Unique shapes, vibrant colors, and interactive packaging elements are becoming popular to attract consumer attention and differentiate products on the shelf.
- Focus on Sustainable Practices: Witness a growing trend towards environmentally friendly packaging solutions. Consumers are increasingly conscious of the environmental impact of single-use plastics, prompting companies to adopt sustainable practices in packaging and distribution.
- Rise of Local and Artisanal Brands: Consumers are showing a preference for local and artisanal products. Smaller, niche brands that emphasize quality, authenticity, and unique flavors are gaining traction as consumers seek more personalized and authentic experiences.
- Technology Integration: Experience a rise in technology integration, including smart packaging and augmented reality elements. Brands are incorporating technology to enhance consumer engagement, provide product information, and create an interactive and memorable user experience.
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Competitive Landscape
Top five companies operating in the global grab and go bottles market are Amcor Plc., Nampak Limited, Ardagh Group S.A., Owens-Illinois, Inc., and Graham Packaging Company, Inc. These players are anticipated to collectively to hold around 10% to 15% of the sales in 2021, as per FMI.
Prominent manufacturers are emphasizing on increasing their production capacity to meet the growing demand for bottles among various end use industries. Moreover, some of the companies are aiming at collaboration, zero waste packaging, to meet the sustainability goals and strengthen their gobal foot print. For instance,
- In October 2021, Alianza Team a high food-tech solutions provider, announced entering into a collaboration with a leading packaging company Amcor plc to launch a sustainable cooking oil bottle made 100% recycled content in Columbia. The product launch will assist companies to strengthen its sustainable packaging portfolio.
- In January 2021, Amcor plc announced introducing its single-serve plastic bottles equipped with advanced barrier technology for dairy products to keep the content fresh for up to 90 days, protect the product from harmful ultraviolet (UV) rays, and maintain its original flavors.
Some of the key players operating in the market profiled by FMI are:
- Amcor Plc.
- Nampak Limited
- Ardagh Group S.A.
- Gerresheimer AG
- Owens-Illinois, Inc.
- Berry Global Group, Inc.
- KanPak LLC
- Graham Packaging Company, Inc.
- ALPLA Werke Alwin Lehner GmbH & Co KG
- Vidrala SA
- Intrapac International Corporation
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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
Author
Ismail Sutaria (Lead Consultant, Packaging and Materials) has over 8 years of experience in market research and consulting in the packaging & materials industry. Ismail’s strength lies in identifying key challenges faced by the client and offering logical and actionable insights to equip the clients with strategic decision-making power.
Ismail has been an instrumental part of several transformational consulting assignments. His key skills include competitive benchmarking, opportunity assessment, macroeconomic analysis, and business transformation advisory. Ismail is an MBA holder in Marketing and has a Bachelor’s Degree in Mathematics.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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