Global PET Packaging Market to Reach US$ 115.8 Billion by 2032, Influenced by Growing Demand for Environment-Friendly Packaging

October 11, 2019 | Packaging

According to the latest report by IMARC Group, titled “PET Packaging Market Report by Packaging Type (Rigid Packaging, Flexible Packaging), Form (Amorphous PET, Crystalline PET), Pack Type (Bottles and Jars, Bags and Pouches, Trays, Lids/Caps and Closures, and Others), Filling Technology (Hot Fill, Cold Fill, Aseptic Fill, and Others), End-User (Beverages Industry, Household Goods Sector, Food Industry, Pharmaceutical Industry, and Others), and Region 2024-2032”, the global PET packaging market reached a value of US$ 78.2 Billion in 2023. PET, or polyethylene terephthalate, is a lightweight plastic that has become an innovative and attractive packaging solution in numerous industries. PET packaging is produced by melting pellets of PET resin and extruding the molten liquid into the desired shape. It offers numerous advantages, such as minimizing wastage, lowering transportation and shipping costs, and retaining freshness of the packaged product. The growing awareness and the shift in consumer preference toward eco-friendly solutions have led manufacturers in various industries to adopt PET packaging.

Global PET Packaging Market Trends:

On account of the hectic lifestyles and rising working population, a large number of individuals are preferring ready-to-eat food products. Owing to this, there has been an increasing demand for PET packaging which has been licensed as safe for contact with food and beverages by the European Safety Authority (EFSA) and the United States Food and Drug Association (USFDA). Also, it helps in extending the shelf-life, does not react with the product and is resistant to attacks by micro-organisms. Apart from this, PET packaging is widely used in the e-commerce industry to pack numerous items. Furthermore, governments of various nations are encouraging the use of PET packaging to maintain hygiene and safety standards. Moreover, the leading companies are using advanced technologies to manufacture reusable and recyclable packaging solutions. For instance, they are utilizing plasma-based coating to make PET bottles more impervious. Looking forward, the market value is projected to reach US$ 115.8 Billion by 2032, exhibit a CAGR of 4.3% during the forecast period (2024-2032).

Market Summary:

  • Based on the packaging type, the market has been segmented as rigid and flexible packaging. Rigid packaging is currently the most popular packaging type, holding the largest market share.
  • On the basis of the form, the market has been categorized as amorphous and crystalline PET packaging. At present, amorphous PET dominates the market across the globe.
  • The market has been segregated based on the pack type into bottles and jars, bags and pouches, trays, lids/caps and closures and others. Amongst these, bottles and jars represent the leading segment.
  • On the basis of the filling technology, the market has been divided into hot fill, cold fill, aseptic fill and others. Presently, cold fill technology exhibits a clear dominance in the market.
  • Based on the end-user, the market has been classified as beverage, household goods, food and pharmaceutical industries. The beverages industry is the largest end-user segment which further includes bottled water, carbonated soft drinks, milk and dairy products, juices, beer and others.
  • Region-wise, North America dominates the market, accounting for the majority of the overall market share. Other major regions include Asia Pacific, Europe, Middle East and Africa, and Latin America.
  • The competitive landscape of the market has also been examined with some of the key players being Amcor plc, Berry Global, Graham Packaging Company, Dunmore Corporation, Huhtamäki Oyj, Resilux NV, E. I. du Pont de Nemours and Company, Silgan Holdings Inc., GTX Hanex Plastic, Comar LLC, Sonoco Products Company, Nampak Ltd., CCL Industries Inc., Smurfit Kappa Group and Rexam PLC.

Report Scope:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
Segment Coverage Packaging Type, Form, Pack Type, Filling Technology, End-User, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Companies Covered Amcor plc, Berry Global, Graham Packaging Company, Dunmore Corporation, Huhtamäki Oyj, Resilux NV, E. I. du Pont de Nemours and Company, Silgan Holdings Inc., GTX Hanex Plastic, Comar LLC, Sonoco Products Company, Nampak Ltd., CCL Industries Inc., Smurfit Kappa Group and Rexam PLC.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact Us:

USA: +1-631-791-1145
Follow us on twitter: @imarcglobal

Need more help?

  • Speak to our experienced analysts for insights on the current market scenarios.
  • Include additional segments and countries to customize the report as per your requirement.
  • Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
  • For further assistance, please connect with our analysts.
Global PET Packaging Market to Reach US$ 115.8 Billion by 2032, Influenced by Growing Demand for Environment-Friendly Packaging
Purchase options

Benefits of Customization

Personalize this research

Triangulate with your data

Get data as per your format and definition

Gain a deeper dive into a specific application, geography, customer, or competitor

Any level of personalization

Get in Touch With Us

Phone: +1-631-791-1145


Phone: +91-120-433-0800


Phone: +44-753-713-2163


Client Testimonials

Aktive Services

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

Read More
Greenfish S.A.

The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required

Read More
Colruyt Group

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Read More

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

Read More
Zee Media Corp. Ltd.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Read More
Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

Read More
Sumitomo Corporation

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

Read More
Hameln Rds

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

Read More
Quality Consultants BV

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

Read More
TATA Advanced Systems Limited

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

Read More

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.

Read More