Polyethylene Terephthalate (PET) Cups Global Market Report 2024

Polyethylene terephthalate (PET) cups are transparent, food-safe containers crafted from a lightweight thermoplastic polymer known as polyethylene terephthalate. These cups are widely used for cold beverages, offering recyclability and effective barrier properties against gases and moisture.

The primary types of PET cups include clear PET cups, opaque PET cups, and printed PET cups. Clear PET cups are transparent, single-use containers made from polyethylene terephthalate plastic, ideal for serving cold beverages while allowing visibility of their contents. These cups are distributed through various channels such as hypermarkets, supermarkets, department stores, e-commerce platforms, and direct sales. They cater to diverse end users including food services, beverage industries, restaurants, and other sectors.

The polyethylene terephthalate (PET) cups market research report is one of a series of new reports that provides polyethylene terephthalate (PET) cups market statistics, including polyethylene terephthalate (PET) cups industry global market size, regional shares, competitors with a polyethylene terephthalate (PET) cups market share, detailed polyethylene terephthalate (PET) cups market segments, market trends, and opportunities, and any further data you may need to thrive in the polyethylene terephthalate (PET) cups industry. This polyethylene terephthalate (PET) cups 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) cups market size has grown strongly in recent years. It will grow from $0.93 billion in 2023 to $0.99 billion in 2024 at a compound annual growth rate (CAGR) of 6.9%. The growth observed in the historic period can be attributed to several factors, the rising adoption of PET cups in quick-service restaurants, heightened emphasis on hygiene and food safety, increased investments in recycling infrastructure, growing consumer preference for transparent packaging, and the rising popularity of takeaway and delivery services.

The polyethylene terephthalate (PET) cups market size is expected to see strong growth in the next few years. It will grow to $1.31 billion in 2028 at a compound annual growth rate (CAGR) of 7.2%. In the forecast period, growth can be attributed to several factors, increasing demand from the food and beverage industry, expanding online market for disposable packaging solutions, heightened awareness of environmental issues, growing consumer preferences for eco-friendly packaging options, and rising demand for on-the-go food and beverages. Major trends expected during this period include the development of lightweight packaging, adoption of reclosable PET cup designs, customization options, integration of antimicrobial and barrier coatings, and the incorporation of smart packaging technologies.

The growth of the polyethylene terephthalate (PET) cups market is driven by increasing demand from the food and beverage industry. This industry spans from agricultural production and food manufacturing to distribution, retail, and hospitality services. The rising need for PET cups in the food and beverage sector is primarily driven by the expanding takeaway and food delivery services. PET cups are favored for their lightweight, shatterproof qualities, and recyclability, making them both convenient and environmentally friendly. They meet consumer preferences and regulatory requirements alike. For example, in May 2021, the Australian Bureau of Statistics reported a significant increase in food and non-alcoholic drink sales, from 14.8 million metric tons in 2020-21 to 15.1 million tons in 2021-2022, underscoring the market's growth trajectory.

Key players in the PET cups market are innovating by introducing recyclable takeaway cups to maintain their market position. Recyclable takeaway cups are designed for serving beverages on-the-go and can be processed and reused to create new products through recycling initiatives. For instance, Faerch Group, a Denmark-based manufacturer specializing in sustainable food packaging solutions, launched the Tumbler range of recyclable takeaway cups in February 2024. These cups, incorporating 30% PCR content, prioritize environmental responsibility while ensuring durability and functionality. They support the circular economy by being fully recyclable into new food packaging, maintaining high standards of food safety and quality across various lid designs and capacities to suit diverse food service needs.

In January 2024, Koninklijke Paardekooper Group, a Netherlands-based packaging supplier, acquired a stake in Circular PET to advance the circular recycling of plastic cups and trays at Dutch events, aligning with the European Commission's Single Use Plastic Directive. Circular PET specializes in manufacturing disposable PET plastic cups in the Netherlands.

Major companies operating in the polyethylene terephthalate (PET) cups market are Amcor plc, Berry Global Inc., Sonoco Products Company, Huhtamaki Oyj, Dart Container Corporation, Ningbo Yi Sheng Plastic Co. Ltd., Solo Cup Company, RPC Group Limited, Genpak LLC, Fabri-Kal Corporation, Pretium Packaging LLC, Macpac, Printpack Inc., Silgan Plastics Corporation, Anchor Packaging Inc., Placon Corporation, Alpha Packaging, NNZ Group, Airlite Plastics Company, CKF Inc., Cup Print, Temma Shiki Co. Ltd., Megafoam Containers Enterprise Sdn Bhd.

North America was the largest region in the polyethylene terephthalate (PET) cups market in 2023. The regions covered in the polyethylene terephthalate (PET) cups market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the polyethylene terephthalate (PET) cups market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The polyethylene terephthalate (PET) cups market consists of sales of cold drink cups, dessert cups, portion cups, salad cups, takeout containers, and shaker cups. 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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