Global PET Packaging Market By Overview
PET Packaging Market Size was valued at USD 71.3 Billion in 2024 and is projected to grow at a CAGR of 5.9% to reach USD 120.1 Billion by 2034.
PET is a polymer that gives considerable growth as a packaging material across global markets for different applications. The growth of PET into packaging, as are placement for glass, metal, and other plastic materials, has been extraordinary. PET is now a commodity polymer competing directly with styrenics, polyethylene, and polypropylene in the markets for the different products and as well food and beverage packaging. PET is made of terephthalic acid and ethylene glycol that are combined to form pellets of PET. After that resins are get heated to a molten liquid which can be easily molded or extruded into the particular shape and size that required.
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Global PET Packaging Market By Drivers & Restraints
The PET have the property of the high transparency and high pressure resistance which is the major propelling factor for the growth of the global market. Additionally, the PET possess packaging properties and have the beneficial properties such as shiny surface, good stability, light weight, and good barrier properties which is the driving factor for the growth of the global market. Moreover, increasing demand for the environment friendly packaging is another boosting factor for the growth of the target market. Furthermore, PET offers sophisticated image and gives special appearance of the packaging which is the fueling factor for the growth of the global market. However, the strict rules and regulation against using plastic is the main restraining factor for the growth of the target market. For instance, France government has passed a new law to ensure all plastic cups, cutlery and plates can be composted and are made of biologically-sourced materials.
Global PET Packaging Market By Segmentations & Regional Insights
The global PET packaging market is segmented based on product type, packaging, end-user industry, and region.
Based on the product type, the target market is segmented into bottles and jars, bags and pouches, trays, lids/caps and closures, and other product types. Based on the packaging, the target market is bifurcated into disposable PET packaging and reusable PET packaging. Based on end-user industry, the target market is bifurcated into food and beverages, pharmaceuticals, personal care and cosmetic industry, industrial goods, household products, and others.
Based on the region the global PET packaging market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The Asia Pacific PET packaging market is projected to register a high CAGR over the forecast period owing to the growing trend of hygiene maintenance.
PET Packaging Market, By Product Type:
- Bottles and Jars
- Bags and Pouches
- Trays
- Lids/Caps and Closures
- Other Product Types
PET Packaging Market, By Packaging:
- Rigid
- Flexible
Global PET Packaging Market, By End-User Industry:
- Food and Beverages
- Pharmaceuticals
- Personal Care and Cosmetic Industry
- Industrial goods
- Household Products
- Others
Global PET Packaging Market, By Region:
- North America
- Middle East & Africa
- Middle East & Africa PET Packaging Market, By Product Type
- Middle East & Africa PET Packaging Market, By Packaging
- Middle East & Africa PET Packaging Market, By End-User Industry
- Middle East & Africa PET Packaging Market, By Country
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Latin America PET Packaging Market, By Product Type
- Latin America PET Packaging Market, By Packaging
- Latin America PET Packaging Market, By End-User Industry
- Latin America PET Packaging Market, By Country
- Brazil
- Mexico
- Rest of Latin America
- Asia Pacific
- Asia Pacific PET Packaging Market, By Product Type
- Asia Pacific PET Packaging Market, By Packaging
- Asia Pacific PET Packaging Market, By End-User Industry
- Asia Pacific PET Packaging Market, By Country
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Europe
- Europe PET Packaging Market, By Product Type
- Europe PET Packaging Market, By Packaging
- Europe PET Packaging Market, By End-User Industry
- Europe PET Packaging Market, By Country
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
- North America PET Packaging Market, By Product Type
- North America PET Packaging Market, By Packaging
- North America PET Packaging Market, By End-User Industry
- North America PET Packaging Market, By Country
- U.S.
- Canada
- Middle East & Africa
Global PET Packaging Market By Competitive Landscape & Key Players
The key players operating the global PET packaging market involves Amcor Limited, Graham Packaging Company, Resilux NV, Gerresheimer AG, GTX Hanex Plastic Sp. z o.o., Dunmore Corporation, Comar LLC, Berry Global Inc., Silgan Holdings Inc., and Sonoco Products. Company prominent players operating in the target market are focusing on strategic partnerships as well as the launching of the products to gain a competitive edge in the target market.
Global PET Packaging Market By Highlights
FAQs
The PET packaging market report is segmented into product type, packaging, end-user industry, and region.
Factors such as the increasing demand for sustainable and lightweight packaging solutions, growth in the food and beverage industry, and rising awareness of environmental concerns contribute to market growth.
Global restraints may include concerns about recycling rates, competition from alternative packaging materials, and challenges related to the disposal of PET packaging.
The report covers North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Asia Pacific is estimated to dominate the PET Packaging Market, witnessing a significantly high revenue share over the forecast period.
The key players operating the global PET packaging market involves Amcor Limited, Graham Packaging Company, Resilux NV, Gerresheimer AG, GTX Hanex Plastic Sp. z o.o., Dunmore Corporation, Comar LLC, Berry Global Inc., Silgan Holdings Inc., and Sonoco Products.