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PET Packaging Market size was over USD 43.76 billion in 2024 and is projected to reach USD 91.07 billion by 2037, witnessing around 5.8% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of PET packaging is assessed at USD 45.92 billion.
The market is highly disintegrated among international, regional, and local players. The competition among manufacturers has recently increased owing to the availability and introduction of innovative products in the market. Additionally, the competition amongst manufacturers has increased in terms of product range and pricing. The market is expected to observe a stable growth over the forecast period and is closely associated with the technological development in the manufacturing process for creating new products as well as developing existing products.
The significant transformation has been observed in consumer behavior during the past couple of decades. There has been a surge in global demand for consumer goods owing to the increasing population, higher disposable incomes, and consumer awareness. The PET packaging durability, longevity along with its easy storage, and transportability have positively affected consumers’ behavior to compel them to buy food and beverages only in PET packaging.
According to the World Integrated Trade Solution, the total value of exports (FoB) was USD 20,834,690 million in 2018 and 4,668 products were exported to 238 countries, where Consumer goods exports held a product share of 31.30% and worth USD 6,520,905 million.
The growing demand for consumer goods coupled with higher disposable incomes, consumer awareness, rising demand for consumer goods is anticipated to raise the demand for PET packaging material in the coming years.
Consumers increasingly prefer PET bottles on account of its handiness, aesthetic appearance and lightweight which is encouraging consumers to adopt PET packaging. This is prompting consumers to adopt PET packaging globally, such a factor is anticipated to drive the growth of the PET packaging market in coming years.
Challenges
According to the World Bank, in 2016, the world generated 242 million tonnes of plastic waste—12 percent of all municipal solid waste. This waste primarily originated from three regions—57 million tonnes from East Asia and the Pacific, 45 million tonnes from Europe and Central Asia, and 35 million tonnes from North America.
The market for PET packaging is growing at a substantial rate, and several factors are positively influencing the growth of this market. PET packaging is recyclable however, it is not bio-degradable and cannot be degenerated completely, which can hinder the growth of the market owing to the consumer behavior shifting towards the concerns for environmental safety. This is estimated to become a major growth restricting factor for the market over the forecast period.
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Base Year |
2024 |
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Forecast Year |
2025-2037 |
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CAGR |
5.8% |
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Base Year Market Size (2024) |
USD 43.76 billion |
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Forecast Year Market Size (2037) |
USD 91.07 billion |
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Regional Scope |
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This PET packaging market is segmented based on product, packaging, end-user industry, and filling technology. In terms of packaging, this is further segmented into rigid packaging and flexible packaging, where rigid packaging is anticipated to hold the largest market share and is projected to grow at a significant rate. The rigid packaging market is thriving back on the rising demand for consumer goods along with the rising demand for food and beverages. Additionally, consumers are buying food & beverages of PET packaging owing to its versatile properties of greater shelf-life, virtually non-breakable, easily shippable, and recyclable.
Our in-depth analysis of the global market includes the following segments:
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By Packaging Type |
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By End-User Industry Type |
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By Product Type |
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By Filling Technology Type |
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On the basis of regional analysis, the PET packaging market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa region.
Asia Pacific industry is anticipated to hold largest revenue share by 2037, impelled by several factors including population, changing lifestyles, rising disposable income, increasing industrialization, and low labor cost.The markets in North America and Europe are anticipated to hold the second and third positions, respectively. Increasing per capita income, along with growing preferences in consumer goods, making a positive impression on the developing market in North America and Europe are factors predicted to result in this growth.
March 21, 2020- The U.S. Department of Homeland Security (DHS) Cybersecurity and Infrastructure Security Agency (CISA) amidst COVID-19 crisis has declared the U.S. chemical industry, producers of polyethylene terephthalate (PET), to be one of the most important industries that can play a critical role in the recovery of the country from the crisis. The description depicts that this industry is critical to public health safety, and economic security.
Author Credits: Abhishek Anil
Copyright © 2025 Research Nester. All Rights Reserved
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