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Asia and Middle East and Africa PET Bottle Industry Outlook from 2024 to 2034

The PET bottle industry size in Asia & Middle East and Africa reached US$ 10,060 million in 2023. Over the forecast period, demand in Asia & Middle East and Africa is anticipated to rise at 5.5% CAGR. The industry is predicted to increase from US$ 10,583.9 million in 2024 to US$ 18,092.4 million in 2034.

Attributes Key Insights
Base Value (2023) US$ 10,060.0 million
Asia and Middle East and Africa PET Bottle Industry Size (2024) US$ 10,583.9 million
Industry Revenue (2034) US$ 18,092.4 million
Value-based CAGR (2024 to 2034) 5.5%

The PET bottle industry in Asia & Middle East and Africa is set to experience lucrative growth during the forecast period. A new estimation predicts that the industry is projected to generate an incremental growth opportunity of US$ 8,032.4 million and is anticipated to grow 1.7 times the current value by 2034.

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Insight into Growth Factors Impacting the Industry

The PET bottle industry in Asia & the Middle East and Africa recorded a CAGR of 3.1% during the historical period. The sector was valued at US$ 10,060.0 million in 2023 from US$ 8,889.5 million in 2019.

Rising adoption of these bottles in the pharmaceutical industry due to their properties, such as tamper resistance and durability, is influencing the industry’s growth. Growing urbanization and rising disposable income, which influenced the consumption of packaged food and beverages, further contribute to the industry’s growth.

PET bottles' lightweight properties, such as shear strength, durability, and transparency, make them favorable options for manufacturers and leading companies.

Lightweight bottles require few raw materials for production, resulting in low energy consumption and reducing carbon emissions, thereby contributing to achieving sustainability goals. In addition to this, rapid growth in the beverage industry, propelled by rising consumption of soft drinks, bottled water, carbonated drinks, and juices, contributes to the industry’s growth.

Industry Dynamics Influencing PET Bottle Sales

Usage of Recycled Bottles Fulfil Circular Economy

Leading manufacturing companies are producing PET bottles from recycled materials because of the bans imposed by various nations for using single-use plastic. Rising consumer demand for eco-friendly and sustainable products is projected to fuel the need for PET bottles in Asia, the Middle East, and Africa.

According to the American Beverage Association, using recycled PET instead of virgin PET will reduce 79% of total energy consumption and 67% of greenhouse gas emissions. The decrease in energy consumption will lead to reduced production and consumer costs.

Technological Developments Resulting in Lighter and Durable Bottles

The production of lightweight bottles requires less raw material, which helps reduce the energy consumption required during the process and reduces its adverse impact on the environment. Developments in technology are enabling manufacturers to create more durable PET bottles, reducing breakage risk.

PET lightweight bottles are also easier to transport and portable, catering to the growing demand for convenience and eco-friendly packaging. These progressions will help manufacturers meet this demand. For instance, in March 2024, Coca-Cola launched new lightweight PET bottle designs.

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Semi-annual Industry Update

Particular Value CAGR
H1 5.7% (2023 to 2033)
H2 5.4% (2023 to 2033)
H1 5.6% (2024 to 2034)
H2 5.3% (2024 to 2034)

Comparative View of Adjacent Industries

The following section provides key attributes of the industries related to Asia and MEA PET bottles. These include the bottle shipper and plastic bottle industries.

Asia & Middle East and Africa PET Bottle Industry Analysis:

Attributes Asia & Middle East and Africa PET Bottle Industry Analysis
CAGR (2024 to 2034) 5.5%
Industry Growth Factors for PET Bottles Subscription-based PET bottle models are gaining popularity, offering customers convenience and regular deliveries of their preferred products, ensuring they never run out of their preferred products.
Emerging Opportunities in PET Bottle Sector D2C brands are repurposing traditional retail channels, offering high-quality products at competitive prices while maintaining a strong brand identity and customer experience.

Bottle Shipper Industry Outlook:

Attributes Bottle Shipper Industry Outlook
CAGR (2024 to 2034) 2.5%
Growth Factor Bottle shippers are gaining traction for their customization, offering customers unique designs with colors, shapes, and logos. These are appealing to firms and individuals seeking branding or packaging solutions.
Key Trend Consumers are increasingly seeking eco-friendly packaging solutions, with bottle shippers made from recycled materials or recyclable and reusable options gaining momentum.

Plastic Bottle Sales Forecast:

Attributes Plastic Bottle Sales Forecast
CAGR (2024 to 2034) 4.2%
Growth Factor Plastic bottle companies are inclined toward social media platforms to sell directly to customers through shoppable posts and in-app checkout features.
Key Trend Plastic bottle buyers prioritize convenience features like easy-open caps, spill-proof designs, and ergonomic shapes, making their products stand out in the beverage industry.

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Category-wise Insights

The section below shows the 1000 ml to 2000 ml segment leading in terms of capacity. It is estimated to thrive at a 5.4% CAGR between 2024 and 2034. Based on sales channels, the online segment is anticipated to hold a dominant share through 2034. It is set to exhibit a CAGR of 7.3% during the forecast period.

1000 ml to 2000 ml Capacity to Exhibit Exponential Demand

Capacity Value CAGR (2024 to 2034)
500 ml to 1000 ml 4.5%
1000 ml to 2000 ml 5.4%

PET bottles with a storage capacity of 1000 ml to 2000 ml are popular among consumers seeking bulk purchases or family-sized drinks. PET is a widely used material for the packaging industry as it can be recycled. It also possesses properties such as durability & transparency and is lightweight.

1000 ml to 2000 ml capacity PET bottles are leading in Asia & Middle East and Africa. These are projected to reach a valuation of US$ 6,373.7 million, growing at a CAGR of 5.4% by 2034.

PET Bottles are Mostly Sold by Distributors in Asia and the Middle East

Sales Channel Value CAGR (2024 to 2034)
Online 7.3%
Distributors 4.4%

Online sales channels are set to hold 1/4th of the total share in 2024 and are anticipated to grow at 7.3% CAGR during the forecast period.

Customers are getting worried about environmental concerns, which is propelling demand for online packaging options that are environmentally friendly. PET bottles that are recyclable, reusable, or composed of recycled materials are gaining traction among giant online traders and suppliers.

Growing popularity of personalized and customized bottles further fuels the industry's growth. The need for BPA-free bottles that adhere to strict safety regulations is propelled by increased consciousness regarding food safety and cleanliness.

Demand for PET Bottles in Beverage Sector to Remain High

End-use Value CAGR (2024 to 2034)
Beverage 5.8%
Food 5.0%

The beverage sector dominated the end-use category with around 2/3rd of the share in the industry. Freshness and safety are top priorities for consumers, and food-grade bottles effectively satisfy these needs.

The dominance of the beverage category has also been strengthened by creative designs that guarantee product integrity and improve shelf attractiveness. Global beverage consumption patterns and changing dietary habits notwithstanding, beverage packaging continues to be a dynamic and significant factor.

Due to their properties such as strength, transparency, and thermo-stability, PET bottles are the most favorable options for beverage companies for packaging. Furthermore, the food segment is anticipated to grow at 5.0% CAGR during the forecast period.

Country-wise Insights

The table below shows the estimated growth rates of the four leading countries. India, Vietnam, and GCC countries are set to record high CAGRs of 7.1%, 6.1%, and 5.4% respectively, through 2034.

Countries Value CAGR (2024 to 2034)
India 7.1%
Vietnam 6.1%
GCC Countries 5.4%
South Africa 4.1%

Increasing Demand for Edible Oils in India to Surge Sales

Rising demand for packaged edible oils in India is poised to fuel demand for PET bottles. According to the data published by the Government of India, India imported around 16.52 million MT of edible oil between 2022 and 2023, as its domestic production of edible oil met only 45% of the demand raised.

India is projected to gain an incremental opportunity worth US$ 2,624.2 million, with a growth of 2.1x of the total value by 20234.

Booming E-commerce Industry in Japan to Augment Demand

Japan is known for its preference for cutting-edge technology, which has prompted the creation of sophisticated PET bottle designs. Tamper-evident caps and interactive labels are among the characteristics that have gained traction since consumers in Japan like easy-to-use packaging. Japan's automobile and pharmaceutical sectors further increase the need for PET bottles.

Consumers' growing environmental consciousness is a key factor in this rise since it has led to a noticeable shift toward recyclable materials and decreased plastic waste. Japan is further supported by the increased need for safe and effective packaging options brought about by the growth of e-commerce.

The industry stands out for its flexibility and unmistakable inclination toward affordable packaging options. Customers in Japan choose packaging alternatives that are both economically feasible and practical, considering their lifestyle preferences and financial constraints.

Growing Urbanization and Online Shopping Trend to Gain Traction in South Africa

The growing middle-class population and urbanization are projected to propel demand in South Africa. The middle class's demand for a wide range of consumer goods has significantly increased sales in South Africa.

The nation's fast-growing food & beverage sector and rising awareness of cleanliness are the key factors gearing up the industry. The rising shift toward online shopping in South Africa has also led to a greater demand for reliable and safe packaging options, propelling the industry’s growth.

Competitive Landscape in PET Bottle Industry

Manufacturing companies are using modern technology to embrace sustainability. They are launching biodegradable features in PET bottles to meet environmental trends and demand for eco-friendly packaging solutions from consumers.

Leading companies emphasize continuous product development and innovation to meet evolving industry requirements and enhance technological developments.

Recent activities and developments implemented by leading players in the industry

  • In February 2023, Berry Global plc, headquartered in Indiana, launched a fully accredited child-resistant PET bottle combination for the pharmaceutical syrup industry.
  • In June 2023, ALPLA, a Vorarlberg-based company, invested US$ 60 million in a PET recycling plant.
  • In August 2023, Indorama Ventures, headquartered in Thailand, almost tripled its PET recycling capacity with the support of IFC's ‘Blue Loan.’

Key Companies Profiled

  • Berry Global plc
  • Indorama Ventures
  • Mpact Plastics
  • Alpla Group
  • Taiwan Hon Chuan Enterprise Co Ltd
  • Manjushree Technopak Limited
  • Chemco Group
  • Samyang Packaging Corporation.
  • Packaging Products Company(PPC) KSA
  • PT Indo Tirta Abadi.
  • GBC Packaging
  • Sam Miguel Yamamura Packaging Corporation
  • Teknobyte India Pvt ltd
  • Shanghai COPAK Industry Co., LTD
  • Polyoak Packaging
  • PT. Asia Prima Packaging
  • Master PET
  • Plastimed Liquid Packaging
  • PakPal Packaging Solutions
  • PetcoGulf UAE
  • Al Amana Plastic Bottles & Containers Manufacturing LLC
  • AG Poly Packs Private Limited
  • National Bottle House

Key Coverage in Industry Report

  • Middle East & Africa PET Resin Industry in China
  • Bottle Manufacturing Sector Trends
  • Packaging Materials Sector in Asia
  • Industry Segmentation of Packaging Solutions
  • Industry Share of Bottle Manufacturers
  • Industry Penetration Strategies for Bottle Manufacturers
  • Industry Forecast for PET Container Industry in Asia & MEA
  • Regional Analysis of Packaging Industry in Asia & MEA
  • Industry Research on Sustainability and Recyclability of PET Bottles
  • Industry Analysis of Distribution Channels for Packaging Solutions in Asia & MEA
  • Industry Trends Fueling Innovation in PET Bottle Technology and Applications in Asia & MEA

Industry Segmentation by Category

By Capacity:

  • Up to 500 ml
  • 500 ml to 1000 ml
  • 1000 ml to 2000 ml
  • More than 2000 ml

By Sales Channel:

  • Manufacturers (Direct Sales)
  • Distributors
  • Bricks & Mortar Stores
    • Supermarkets/Hypermarkets
    • Departmental Stores
    • Convenience Stores
  • Online

By End-use:

  • Beverages
    • Bottled Water
    • Carbonated Drinks
    • RTD Coffee/Tea
    • Juice
    • Sports Drinks
    • Alcoholic Drinks
    • Other Drinks (Flavored Water, Energy Drinks, and Non-carbonated Fruit Drinks)
  • Food
    • Edible Oils
    • Sauces & Condiments
    • Dairy & Yogurt Drinks
    • Other Foods (Honey, Concentrates, Dips, and Seasonings)

By Region:

  • Asia
  • Middle East and Africa

Frequently Asked Questions

How big is the PET bottle industry in Asia and MEA?

The industry is set to reach US$ 10,583.9 million in 2024.

What is the forecast for the industry?

Demand for PET bottles is slated to rise at a 5.5% CAGR through 2034.

What is the outlook for the industry in Asia and the Middle East?

The target industry is set to reach US$ 18,092.4 million in 2034.

Which end-use will garner a significant value share by 2024?

The beverage segment is projected to garner a significant value share by 2024.

What was the value of the industry in 2023?

The industry was valued at US$ 10,060.0 million in 2023.

Who are the top 3 players operating in the industry?

Indorama Ventures, Berry Global plc, and Alpla Group are the key players.

Table of Content

1. Executive Summary

    1.1. Asia and Middle East and Africa Industry Outlook

    1.2. Demand Side Trends

    1.3. Supply Side Trends

    1.4. Technology Roadmap

    1.5. FMI Analysis and Recommendations

2. Industry Overview

    2.1. Industry Coverage / Taxonomy

    2.2. Industry Definition / Scope / Limitations

3. Key Industry Trends

    3.1. Key Trends Impacting the Industry

    3.2. End Use Innovation / Development Trends

4. Key Success Factors

    4.1. Product Adoption / Usage Analysis

    4.2. Product USPs / Features

    4.3. Strategic Promotional Strategies

    4.4. Go-to-market Strategies

5. Industry Demand Analysis 2019 to 2023 and Forecast, 2024 to 2034

    5.1. Historical Industry Volume (Units) Analysis, 2019 to 2023

    5.2. Current and Future Industry Volume (Units) Projections, 2024 to 2034

    5.3. Y-o-Y Growth Trend Analysis

6. Industry - Pricing Analysis

    6.1. Country Wise Pricing Analysis

    6.2. Asia and Middle East and Africa Average Pricing Analysis Benchmark

7. Industry Demand (in Value or Size in US$ million) Analysis 2019 to 2023 and Forecast, 2024 to 2034

    7.1. Historical Industry Value (US$ million) Analysis, 2019 to 2023

    7.2. Current and Future Industry Value (US$ million) Projections, 2024 to 2034

        7.2.1. Y-o-Y Growth Trend Analysis

        7.2.2. Absolute $ Opportunity Analysis

8. Industry Background

    8.1. Asia and Middle East and Africa Packaging Industry Overview

    8.2. In-house vs Contract Manufacturing Industry Overview

    8.3. Macro-Economic Factors

    8.4. Forecast Factors - Relevance & Impact

    8.5. Value Chain Analysis

        8.5.1. Exhaustive List of Raw Material Suppliers

        8.5.2. Exhaustive List of Manufacturers

        8.5.3. Exhaustive List of End Users /Brand Owners

    8.6. Case-based Scenario - Impact Assessment

        8.6.1. Current Statistics

        8.6.2. Short-Mid-Long Term Outlook

        8.6.3. Likely Rebound

    8.7. Industry Dynamics

        8.7.1. Drivers

        8.7.2. Restraints

        8.7.3. Opportunity Analysis

    8.8. Supply Demand Analysis

9. Industry Analysis 2019 to 2023 and Forecast 2024 to 2034, By Capacity

    9.1. Historical Industry Size (US$ million) and Volume (Units) Analysis, By Capacity, 2019 to 2023

    9.2. Current and Future Industry Size (US$ million) and Volume (Units) Analysis and Forecast, By Capacity, 2024 to 2034

        9.2.1. Up to 500 ml

        9.2.2. 500 ml to 1000 ml

        9.2.3. 1000 ml to 2000 ml

        9.2.4. More than 2000 ml

    9.3. Industry Attractiveness Analysis, By Capacity

10. Industry Analysis 2019 to 2023 and Forecast 2024 to 2034, By Sales Channel

    10.1. Introduction / Key Findings

    10.2. Historical Industry Size (US$ million) and Volume (Units) Analysis, By Sales Channel, 2019 to 2023

    10.3. Current and Future Industry Size (US$ million) and Volume (Units) Analysis and Forecast, By Sales Channel, 2024 to 2034

        10.3.1. Manufacturers (Direct Sales)

        10.3.2. Distributors

        10.3.3. Bricks & Mortar Stores

            10.3.3.1. Supermarket/Hypermarkets

            10.3.3.2. Departmental Stores

            10.3.3.3. Convenience Stores

        10.3.4. Online

    10.4. Industry Attractiveness Analysis, By Sales Channel

11. Industry Analysis 2019 to 2023 and Forecast 2024 to 2034, By End Use

    11.1. Introduction / Key Findings

    11.2. Historical Industry Size (US$ million) and Volume (Units) Analysis, By End Use, 2019 to 2023

    11.3. Current and Future Industry Size (US$ million) and Volume (Units) Analysis and Forecast, By End Use, 2024 to 2034

        11.3.1. Beverages

            11.3.1.1. Bottled Water

            11.3.1.2. Carbonated Drinks

            11.3.1.3. RTD Coffee/Tea

            11.3.1.4. Juice

            11.3.1.5. Sports Drinks

            11.3.1.6. Alcoholic Drinks

            11.3.1.7. Other Drinks (Flavored Water, Energy Drinks, and Non-carbonated Fruit Drinks)

        11.3.2. Food

            11.3.2.1. Edible Oils

            11.3.2.2. Sauces & Condiments

            11.3.2.3. Dairy & Yogurt Drinks

            11.3.2.4. Other Foods (Honey, Concentrates, Dips, and Seasonings)

    11.4. Industry Attractiveness Analysis, By End Use

12. Industry Analysis 2019 to 2023 and Forecast 2024 to 2034, by Region

    12.1. Introduction / Key Findings

    12.2. Historical Industry Size (US$ million) and Volume (Units) Analysis, By Region, 2019 to 2023

    12.3. Current and Future Industry Size (US$ million) and Volume (Units) Analysis and Forecast, By Region, 2024 to 2034

        12.3.1. Asia

        12.3.2. Middle East Asia & Africa

    12.4. Industry Attractiveness Analysis, By Region

13. Asia Industry Analysis 2019 to 2023 and Forecast 2024 to 2034

    13.1. Introduction / Key Findings

    13.2. Historical Industry Size (US$ million) and Volume (Units) Analysis by Industry Taxonomy, 2019 to 2023

    13.3. Current Industry Size (US$ million) and Volume (Units) Analysis and Forecast by Industry Taxonomy, 2024 to 2034

        13.3.1. By Country

            13.3.1.1. China

            13.3.1.2. Japan

            13.3.1.3. India

            13.3.1.4. Indonesia

            13.3.1.5. Vietnam

            13.3.1.6. South Korea

            13.3.1.7. Rest of APAC Countries

        13.3.2. By Capacity

        13.3.3. By Sales Channel

        13.3.4. By End Use

    13.4. Industry Attractiveness Analysis

        13.4.1. By Country

        13.4.2. By Capacity

        13.4.3. By Sales Channel

        13.4.4. By End Use

14. Middle East Asia and Africa Industry Analysis 2019 to 2023 and Forecast 2024 to 2034

    14.1. Introduction / Key Findings

    14.2. Historical Industry Size (US$ million) and Volume (Units) Analysis by Industry Taxonomy, 2019 to 2023

    14.3. Current Industry Size (US$ million) and Volume (Units) Analysis and Forecast by Industry Taxonomy, 2024 to 2034

        14.3.1. By Country

            14.3.1.1. GCC Countries

            14.3.1.2. Türkiye

            14.3.1.3. Northern Africa

            14.3.1.4. South Africa

            14.3.1.5. Rest Of Middle East and Africa

        14.3.2. By Capacity

        14.3.3. By Sales Channel

        14.3.4. By End Use

    14.4. Industry Attractiveness Analysis

        14.4.1. By Country

        14.4.2. By Capacity

        14.4.3. By Sales Channel

        14.4.4. By End Use

15. Country wise Industry Analysis 2024 to 2034

    15.1. Pricing Analysis

    15.2. Cross Section Analysis

    15.3. China Industry Analysis

        15.3.1. By Capacity

        15.3.2. By Sales Channel

        15.3.3. By End Use

    15.4. Japan Industry Analysis

        15.4.1. By Capacity

        15.4.2. By Sales Channel

        15.4.3. By End Use

    15.5. India Industry Analysis

        15.5.1. By Capacity

        15.5.2. By Sales Channel

        15.5.3. By End Use

    15.6. Indonesia Industry Analysis

        15.6.1. By Capacity

        15.6.2. By Sales Channel

        15.6.3. By End Use

    15.7. Vietnam Industry Analysis

        15.7.1. By Capacity

        15.7.2. By Sales Channel

        15.7.3. By End Use

    15.8. South Korea Industry Analysis

        15.8.1. By Capacity

        15.8.2. By Sales Channel

        15.8.3. By End Use

    15.9. GCC Countries Industry Analysis

        15.9.1. By Capacity

        15.9.2. By Sales Channel

        15.9.3. By End Use

    15.10. Türkiye Industry Analysis

        15.10.1. By Capacity

        15.10.2. By Sales Channel

        15.10.3. By End Use

        15.10.4. By End Use

    15.11. Northern Africa Industry Analysis

        15.11.1. By Capacity

        15.11.2. By Sales Channel

        15.11.3. By End Use

    15.12. South Africa Industry Analysis

        15.12.1. By Capacity

        15.12.2. By Sales Channel

        15.12.3. By End Use

16. Industry Structure Analysis

    16.1. Industry Analysis by Tier of Companies

    16.2. Industry Share Analysis of Top Players

    16.3. Industry Presence Analysis

17. Competition Analysis

    17.1. Competition Dashboard

    17.2. Competition Benchmarking

    17.3. Competition Deep Dive/ Portfolio Analysis (Asia and Middle East and Africa Based/Operating Key Players)

        17.3.1. Berry Global plc

            17.3.1.1. Overview

            17.3.1.2. End Use Portfolio

            17.3.1.3. Profitability by Segments (Capacity/End Use/Sales Channel/Region)

            17.3.1.4. Sales Footprint

            17.3.1.5. Strategy Overview

        17.3.2. Indorama Ventures

        17.3.3. Mpact Plastics

        17.3.4. Alpla Group

        17.3.5. Taiwan Hon Chuan Enterprise Co Ltd

        17.3.6. Manjushree Technopak Limited

        17.3.7. Chemco Group

        17.3.8. Samyang Packaging Corporation.

        17.3.9. Packaging Products Company(PPC) KSA

        17.3.10. PT Indo Tirta Abadi.

        17.3.11. GBC Packaging

        17.3.12. Sam Miguel Yamamura Pacakging Corporation

        17.3.13. Teknobyte India Pvt ltd

        17.3.14. Shanghai COPAK Industry Co., LTD

        17.3.15. Polyoak Packaging

*The above list is indicative in nature and is subject to change during the course of research

18. Assumptions and Acronyms Used

19. Research Methodology

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