PET bottles market to grow at 5.0% CAGR through 2030
According to market research company DataM Intelligence, the global PET bottles market is expected to reach at a CAGR of 5.0% during the forecast period (2023-2030), as published recently in the report ‘PET Bottles Market Size, Share, Industry, Forecast & outlook (2042-2031)‘. This steady growth is propelled by increasing demand for flavoured water and ready-to-drink beverages, expanding packaged food and beverage industry, rising urbanisation, growing preference for convenient packaging, and strong consumption growth in developing countries across Asia Pacific.
Recent Developments (as of November 2025):
- Amcor plc (Australia) launched advanced stretch blow moulding technology for lightweight PET bottles, specifically designed for carbonated soft drinks with enhanced pressure resistance and reduced material usage.
- Gerresheimer AG (Germany) expanded their injection moulding capabilities for premium food bottles and jars, introducing new designs for sauces, condiments, and edible oil packaging.
- ALPLA Werke Alwin Lehner GmbH & Co KG (Austria) developed sustainable PET bottles with recycled content for packaged water applications, meeting growing consumer demand for environmentally friendly packaging.
- Graham Packaging Company (US) introduced specialised extrusion blow moulding systems for large-volume beverage containers exceeding 2000 ml, targeting the growing fruit juice and ready-to-drink tea markets.
- RETAL Industries Ltd. (Lithuania) launched thermoformed PET packaging for dairy beverages and nutritional drinks, featuring enhanced barrier properties for extended shelf life.
Competitive landscape
The market features strong competition between global packaging companies, specialised bottle manufacturers, and integrated packaging solution providers.
- Amcor plc maintained market leadership with 24% global market share, expanding their stretch blow moulding portfolio and reporting 22% revenue growth in 2024-2025 through beverage company partnerships.
- Gerresheimer AG captured 21% market share in food and specialty packaging, securing contracts with food manufacturers and achieving 25% growth through premium packaging solutions.
- ALPLA Werke Alwin Lehner GmbH & Co KG dominated sustainable packaging with 20% market share, reporting 28% growth through recycled PET solutions and circular economy initiatives.
- Graham Packaging Company led large-capacity beverage containers with 18% market share, achieving 23% growth through customised solutions for juice and beverage brands.
- RETAL Industries Ltd. expanded their dairy and nutritional packaging with 16% market share, focusing on barrier technology with 21% revenue growth.
Segmentation analysis
By technology
- Stretch Blow Moulding dominates the market with 48% revenue share in 2024, projected to grow at 5.3% CAGR, valued for high production efficiency, excellent bottle clarity, superior mechanical properties, and widespread adoption in carbonated soft drinks, packaged water, and beverage applications requiring consistent quality and high-volume manufacturing.
- Injection Moulding shows strong growth with 28% revenue share in 2024, expected to grow at 4.8% CAGR, preferred for complex designs, wide mouth containers, and food packaging applications requiring precise dimensional control.
- Extrusion Blow Moulding demonstrates significant presence with 18% revenue share in 2024 for large container production.
By capacity
- High capacity leads the market with 42% revenue share in 2024, growing at 5.2% CAGR, driven by mass production requirements, cost efficiency advantages, and strong demand from large beverage manufacturers and packaged water companies serving high-volume consumer markets.
- Medium capacity shows robust growth with 35% revenue share in 2024, expanding at 4.9% CAGR, valued for regional brands and specialised beverage applications.
- Low capacity demonstrates steady demand with 23% revenue share in 2024 for niche products and premium segments.
By end-user
- Packaged water represents the largest segment with 32% revenue share in 2024, growing at 5.5% CAGR, driven by the global PET bottle market being majorly driven by the increasing demand for flavoured water and ready-to-drink beverages, particularly in developing countries like India and China, coupled with rising health consciousness, urbanisation, and convenient hydration needs across global consumer markets.
- Carbonated soft drinks shows strong presence with 28% revenue share in 2024, expanding at 4.7% CAGR, valued for established brand preferences and global consumption patterns.
- Fruit juice and beverages demonstrate accelerated growth with expanding product varieties and flavour innovations.
Regional analysis
Asia Pacific holds the largest market share and emerges as the fastest-growing region with 45% revenue share in 2024, projected to expand at 6.8% CAGR through 2030, driven by massive population base, rapid urbanisation, growing middle-class consumption, increasing beverage manufacturing, and strong demand for packaged drinks across China, India, Southeast Asia, and other developing markets in the region.
North America and Europe demonstrate steady growth, with mature markets focusing on sustainability and premium packaging innovations.
Market trends & drivers
The PET Bottles Market is experiencing steady growth driven by beverage industry expansion, urbanisation trends, convenience packaging preference, and emerging market consumption growth. Key trends include the development of lightweight and sustainable packaging, growth in recycled PET adoption, advancement in barrier technologies, expansion of customized and branded packaging, and increasing focus on circular economy principles. The consumption growth, packaging innovation, and sustainability focus are significantly contributing to market expansion.