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North America Plastic Bottles Market Analysis

The North America Plastic Bottles Market size is estimated at USD 3.04 billion in 2024, and is expected to reach USD 3.71 billion by 2029, growing at a CAGR of 4.08% during the forecast period (2024-2029). In terms of market size, the market is expected to grow from 3.24 billion tonnes in 2024 to 3.9 billion tonnes by 2029, at a CAGR of 3.80% during the forecast period (2024-2029).

• The demand for packaged beverages and pharmaceutical drugs has been increasing strongly. Consumers are becoming increasingly health-conscious, and the demand for healthy beverages is rising. This has made bottled water more accessible to individuals, aiding the market's growth.
• According to a report published in March 2023 by the Beverage Marketing Corporation and the International Bottled Water Association, bottled water was the most popular drink in the United States in 2022, accounting for about 25% of all beverage consumption.
• The usage of plastic bottles surged in the carbonated soft drinks (CSD) sector, which has reached saturation in North America. Pepsi,聽Coca-Cola, and Keurig Dr Pepper have reported flat sales from their carbonated soft drink division in North America. As per the estimates made by Coca-Cola in its annual report, these three companies hold a聽market share of more than 80% in the North American market.鈥� Thus, the demand for plastic bottles for CSD drinks is expected to drive the market's growth.
• PET is widely used in food and beverage packaging because of its high resistance to water vapor, gases, dilute acids, oils, and alcohol. It is also easily recyclable and maintains its resistance over time. Its exceptional durability, robustness, and steadfastness make it a safe choice for food-grade products such as individual-sized drink containers and closures.
• According to data produced by Earth Day Organizers, around 1 million plastic bottles are sold in the United States every minute, and the demand for packaged drinking water is expected to increase in the market.
• However, in North America, the plastic recycling rate shows no significant growth, and the concerns relating to the use of plastic are growing. In the United States, PET bottles make up roughly 65% of the post-consumer bottles collected for recycling. Yet merely 30% of plastic bottles and jugs find their way to the recycling process. The efficiency of recycling plastic bottles hinges significantly on the recycling infrastructure. This is expected to have a negative impact on the market's growth in the region during the forecast period.

North America Plastic Bottles Market Trends

Demand for Bottled Beverages is Expected to Increase

North America Plastic Bottles Industry Segmentation

Plastic bottles generally include single-use and recyclable bottles made of plastic resins, such as PET, PP, and PE. These bottles are used by various end-user industries, including food, beverage, personal care, and industrial and household chemicals. The North American plastic bottles market report offers an up-to-date analysis of the current market scenario, the latest trends and drivers, and the overall market environment. The study also identifies the continuous development of new products as a prime reason driving the market's growth during the next few years.

The North American plastic bottles market is segmented by resins (polyethylene (PE), polyethylene terephthalate (PET), polypropylene (PP), and other resins), end-user industry (food, beverage [bottled water, carbonated soft drinks, alcoholic beverages, juices and energy drinks, and other beverages], pharmaceutical, personal care and toiletries, industrial and household chemicals, paints and coatings, and other end-user industries), and country (United States and Canada). The report offers market forecasts and size in volume (tonnes) and value (USD) for all the above segments.