Grab and Go Bottles Market to Top US$ 75 Bn as Growing Sustainability Concerns Pushes the Adoption by 5% CAGR

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Key Takeaways from Grab and Go Bottles Market Study

• 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.

Key Drivers

• Increasing consumption of bottled water as an alternative to tap water, owing to the rising prevalence of water-borne diseases due to consumption of contaminated water is propelling the demand for grab and go bottles.
• Rising trend of single households across the U.S., Japan, China, Germany, and others is fueling the demand for ready-to-eat food and beverages, which is in turn, boosting the sales of grab and go bottles.

For information on the Research Approach used in the Report, Request Methodology@ https://www.futuremarketinsights.com/ask-question/rep-gb-10673

Key Restraints

• High cost, less durability, and low shock withstanding characteristics of glass compared to plastic are hindering the sales of grab and go bottles across the glass segment.

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: