PET Packaging Market Report 2025

The pet packaging market size has grown strongly in recent years. It will grow from $78.38 billion in 2024 to $82.69 billion in 2025 at a compound annual growth rate (CAGR) of 5.5%. The growth in the historic period can be attributed to rise in beverage consumption, popularity in food packaging, growth in global population, shift from glass and metal packaging, convenience and portability, rise in single-serve packaging.

The pet packaging market size is expected to see strong growth in the next few years. It will grow to $107.61 billion in 2029 at a compound annual growth rate (CAGR) of 6.8%. The growth in the forecast period can be attributed to economic considerations, regulatory support for pet recycling, focus on circular economy, shift to lightweight packaging, customization and branding, eco-friendly initiatives by brands, health and safety considerations. Major trends in the forecast period include growing adoption of post-consumer recycled (PCR) pet, innovations in barrier properties, emphasis on shelf appeal and design, e-commerce packaging solutions, smart packaging and track-and-trace technologies, convenience features in pet packaging.

The rapidly growing e-commerce industry worldwide is anticipated to drive the expansion of the PET packaging market in the coming years. E-commerce, which refers to the buying and selling of goods and services, as well as the transmission of payments and data over an electronic network - primarily the internet - relies heavily on PET packaging for food and beverage products. For instance, in February 2024, the U.S. Department of Commerce reported that retail e-commerce sales rose by 2.4% in the first quarter of 2022 compared to the same period in the previous year, amounting to $250 billion. Hence, the emerging e-commerce sector globally is contributing to the growth of the PET packaging market.

The rising demand within the food and beverage industry is expected to further fuel the growth of the PET packaging market in the future. The food and beverage industry encompasses the production, processing, distribution, and sale of food and drink products. PET packaging is extensively utilized in this sector due to its ability to protect products, maintain quality, enhance branding, and cater to consumer preferences for sustainability and convenience. For instance, in April 2022, reports from the Common Thread Collective, a U.S.-based e-commerce growth agency, indicated that global food and beverage sales reached $506 billion in 2022 and are projected to grow to $857 billion by 2025. Additionally, in September 2022, Statistics Sweden, a government agency in Sweden, revealed that food and beverage sales amounted to $30.74 billion (SEK 334 billion) in 2021, reflecting an increase of 2.9%, or $8.28 billion (SEK 9 billion), from 2020. This growth was driven by a 2.5% rise in sales volume and a 0.4% increase in food and beverage prices. Therefore, the growing demand within the food and beverage sector is propelling the PET packaging market forward.

Technological innovation is a significant trend gaining traction in the PET packaging market. Key players in this sector are focusing on developing new products that incorporate advanced technologies to enhance their competitive standing. For example, in February 2022, IonKraft, a Germany-based start-up specializing in PET packaging, introduced plasma technology aimed at making plastic packaging for barrier applications in the chemical industry recyclable, thereby replacing the current multi-material solutions.

Leading companies in the animal and PET packaging markets are dedicated to launching sustainable products that offer brands innovative packaging solutions. Sustainable PET packaging utilizes recycled and eco-friendly materials in the creation of polyethylene terephthalate containers, aiming to reduce environmental impact and promote circular economy principles. For instance, in April 2022, Sidel, a manufacturing company based in France, unveiled PressureSAFE, a new safe PET aerosol container. This container is designed to be safe, sustainable, and provide brands with a competitive advantage by reducing the environmental footprint of the packaging. Made from post-consumer recycled PET (PCR) material, PressureSAFE is also compatible with existing aerosol filling lines, facilitating a transition to this more sustainable option for brands. Additionally, it serves as a safe, sustainable, and versatile container that can enhance product image, lessen environmental impact, and boost brand loyalty.

In April 2022, Indorama Ventures Ltd. (IVL), a Thailand-based packaging solutions firm, acquired Ngoc Nghia Industry for an undisclosed sum. This acquisition is intended to enhance Indorama Ventures Ltd.'s market position as it broadens its integrated range of PET products for multinational clients in the region. Ngoc Nghia Industry is a Vietnam-based company specializing in polyethylene terephthalate (PET) packaging.

Major companies operating in the PET packaging market are Amcor Limited, Resilux NV, Gerresheimer AG, Berry Global Group Inc., Silgan Holdings Inc., CCL Industries Inc., EI du Pont de Nemours and Company, Rexam PLC, Smurfit Kappa Group, Klöckner Pentaplast GmbH & Co KG, GTX Hanex Plastic Sp zoo, Dunmore Corporation, Huhtamaki Group, Graham Packaging Company LP, Sonoco Products Company, Bischof + Klein SE & Co. KG, Constantia Flexibles Group GmbH, Clondalkin Group Holdings, Alpla Werke Alwin Lehner GmbH & Co. KG, AptarGroup Inc., CKS Packaging Inc, Consolidated Container Company LLC, Cospack America Corp., Esterform Packaging Limited, Evergreen Packaging Inc, O.Berk Company, Greif Inc, Huhtamaki Americas Inc., RPC Group, Comar.

North America was the largest region in the PET packaging market in 2024. Asia-Pacific is expected to be the fastest-growing region in the PET packaging market report during the forecast period. The regions covered in the pet packaging market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the pet packaging market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Polyethylene terephthalate (PET) packaging represents a polymer material renowned for its clarity, durability, chemical resistance, environmental friendliness, and lightweight nature. These attributes render PET packaging highly suitable for various product packaging needs, allowing items to navigate the supply chain lifecycle without succumbing to damage.

Within PET packaging, two primary categories are rigid packaging and flexible packaging. Rigid packaging encompasses materials of higher density and thickness, providing structural integrity and support for diverse products. This category includes bottles, jars, bags, pouches, trays, lids, caps, closures, and other packaging forms. It utilizes different filling technologies like hot fill, cold fill, aseptic fill, and other methods such as counter-pressure, low vacuum gravity, high vacuum gravity, and positive pressure. End-use industries utilizing PET packaging span food, beverages, personal care, cosmetics, household products, pharmaceuticals, and other sectors like industrial goods and consumer durables.

The PET packaging market research report is one of a series of new reports that provides PET packaging market statistics, including PET packaging industry global market size, regional shares, competitors with a PET packaging market share, detailed PET packaging market segments, market trends and opportunities, and any further data you may need to thrive in the PET packaging industry. This PET packaging market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The polyethylene terephthalate (PET) packaging market consists of sales of cups and clamshells. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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