Latin America PET Bottles Market Report and Forecast 2025-2034

The Latin America market size for PET Bottles reached a value of more than USD 2.18 Billion in 2024. The Latin America PET bottles market is expected to grow at a CAGR of 4.70% between 2025 and 2034, reaching a projected value of USD 3.45 Billion by 2034.

News and Developments in the Market

In August 2023, Berry Global Inc. launched some of its most popular and top-selling thermoformed as well as injection stretch blow moulded food packs manufactured in recycled PET (rPET). One of PET’s foremost advantages is that the material is recyclable. Further, the production of containers in rPET not only cuts down on the application of virgin materials but also offers a circular solution since the rPET container itself can also be recycled where systems are available.

In May 2023, Berry Global Inc. announced the capital investment in its global meltblown nonwoven fabric capacity for South America. This investment further strengthens the company’s global reach as well as its position as a leading nonwoven producer. This line is Berry’s first meltblown asset, based on its Meltex™ technology, in South America and is designed to support the demand for health and wellness products, as well as the overall Latin America PET bottles market.

In January 2023, Plastipak, a global leader in the design, manufacture, and recycling of plastic containers completed a major investment to significantly develop its PET recycling capacity at its manufacturing site in Bascharage, Luxembourg. Such latest investments to enhance the capacity in rPET production actively demonstrate Plastipak’s long-term commitment towards bottle-to-bottle recycling and its leadership in the PET circular economy.

In June 2021, Plastipak a leading rigid plastic packaging recycler and producer, teamed up with anaerobic digestion operator BioteCH4 to provide a low-carbon solution to power its clean tech PET recycling plant.

Key Trends in the Market

PET is a strong, lightweight, and clear plastic that is broadly employed for packaging foods as well as various beverages, particularly convenient-sized juices, soft drinks, and water. PET bottles are manufactured from polyethylene terephthalate which is a plastic resin along with a type of polyester created by blending two monomers, namely modified ethylene glycol and purified terephthalic acid.

• The growing usage of bottled water is aiding the market growth of PET bottles in Latin America. Rising health concerns in Latin America are likely to fuel the demand for mineral water which is further expected to boost the growth of the Latin America PET bottles market.
• The Latin America market growth of PET bottles is driven by the surging adoption of advanced technology. New-generation filling technologies along with the expansion of heat-resistant PET bottles have launched new opportunities and possibilities.
• The rise in demand for plastic is expected to lead to a short-term alteration in the targets and initiatives of shifting towards a circular economy. This is expected to push forward the plastic manufacturing chain which is likely to support the market growth of PET bottles in the region.
• The surging demand from the cosmetic industry and bottled water industry along with the rise in modernisation are further expected to bolster the demand for the Latin America PET bottles market.
• The rapid urbanisation especially in emerging economies, as well as increasing disposable incomes and the hectic lifestyles of consumers have encouraged them to choose on-the-go beverages. This is driving the market growth of PET bottles in the region.
• The surging focus of several companies to introduce more environment-friendly alternatives to regular polluting plastics has resulted in saving on the usage of virgin plastics. This is expected to aid the market growth of PET bottles.

Market Segmentation

The report titled “Latin America PET Bottles Market Report and Forecast 2025-2034” offers a detailed analysis of the market based on the following segments:

Market Breakup by Technology

• Stretch Blow Moulding
• Injection Moulding
• Extrusion Blow Moulding
• Thermoforming
• Others

Market Breakup by Application

• Beverages
• Packaged Water
• Carbonated Soft Drinks
• Fruit Juice
• Alcoholic Beverages
• Food
• Personal Care
• Household Care
• Pharmaceuticals
• Others

Market Breakup by Region

• Brazil
• Argentina
• Mexico
• Others

Market Share by Technology

Blow moulding is a significant industrial process for making one-piece hollow plastic parts thar are surrounded by thin walls, such as plastic soda bottles, water cans, and shampoo bottles, among others. Based on the technology, the rising demand for lightweight packaging is driving the stretch blow moulding segment growth in the PET bottles market. The extensive usage of stretch blow moulding in manufacturing products from small to high capacities is likely to support the growth of the Latin America PET bottles market.

Stretch blow moulding technology aids in producing high-quality bottles that are employed in various industries like personal care, and food and beverage, among others which further attract manufacturers. This has led to a high demand for stretch blow moulding.

Meanwhile, the extrusion blow moulding segment is likely to witness significant growth in the Latin America PET bottles market as this technology supports a multi-layer capability along with lower mould costs compared to injection blow moulding, and also facilitates the capability of forming handles.

Market Share by Application

PET is exceptionally lightweight, recyclable, adaptable, sustainable, and has several design options, unlike glass, making it the preferred packaging material for various beverage enterprises. With an increase in the application of PET bottles across various industries, the beverage segment is augmenting considerable growth in the PET bottles market share.

Due to the benefits of PET bottles, their production at a lower cost, transportation with less energy, safety, and convenience, the demand for PET bottles is holding considerable growth in the Latin America PET bottles market. This is further encouraging the demand for PET bottles in the alcoholic beverage industry.

Market Share by Region

Geographically, Mexico is anticipated to register significant growth in the Latin America PET bottles market. Mexico produces a substantial amount of plastic waste materials such as polyethylene terephthalate, polyethylene, polypropylene, polyvinyl chloride, and polystyrene, among others. Mexico imports plastic waste from the United States despite being an exporter of plastic waste. This has further grown since China banned 24 types of solid waste in 2017.

Furthermore, Mexican recyclers have developed their recycling capacities to process other types of plastic waste as well. Such aspects had made the manufacturing of plastic containers for various applications such as beverages, very cheap. This is expected to lead to the institution of one of the most vibrant bottling industries across the region. It will likely be pushed forward by the high domestic usage of beverages in countries like Argentina and Chile, among others, that continuously rank among the top consumers of carbonated soft drinks globally.

Competitive Landscape

The comprehensive report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the Latin America PET bottles market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.

Amcor plc

Amcor plc is a leader in the Latin America PET bottles market, producing and developing responsible packaging for beverage, food, medical, home, personal care, and pharmaceutical end-users, among others. The company deals in finishing and print technologies for flexible packaging that separates brands on the shelf. It offers an improved brand experience to consumers during the purchase and within the home.

Berry Global, Inc.

Berry Global, Inc. is a company that produces innovative packaging along with engineered products. The company aims to market protective and packaging solutions that meet performance needs, environmental impact targets, as well as aesthetic requirements. It commits to aiding every consumer in making leaps in their sustainability goals along with resolving whatever challenges an individual’s business faces.

Graham Packaging Company

Graham Packaging Company is a global leading company that offers stability, innovation, and customisable services that attract Fortune 500 firms along with small independent businesses. Whether an individual chooses to generate new, sustainable packaging options or discover options from drop-in catalogue bottles, it helps to find the right solutions including lightweight, barrier technologies, and thermosets, among others.

Maxipet S.A de C.V.

Maxipet S.A de C.V. is a Mexican producer of PET bottles as well as containers, and injection caps for various industries like pharmaceuticals, agrochemicals, cosmetics, industrial chemistry, and natural products. It has a strong presence in Mexico as well as Central America. The company aims to be a leader in the marketing and manufacturing of plastic containers and products.

Plastipak Holdings, Inc.

Plastipak Holdings, Inc. is a global leading company in the recycling and packaging industries. The company operates in more than 50 sites across the globe with innovation as a key driver. Its purpose is to create products that inspire choice, offer value, and are sustainably balanced for customers as it put consumers first, always.