The India PET packaging market size reached US$ 1.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 1.8 Billion by 2028, exhibiting a growth rate (CAGR) of 4.87% during 2023-2028.
Polyethylene terephthalate, or PET, is a polyester thermoplastic elastomer widely used for packaging applications. It becomes flexible on heating and can be easily molded into a wide variety of shapes. It is substantially more cost-effective than other packaging materials, such as glass, aluminum and copper. PET packaging is lightweight, which reduces transportation costs and offers an economical packaging solution to end users. It also provides high dimensional stability and resistance to moisture, solvents, and alcohols.
The emerging trend of on-the-go food consumption in India has increased the demand for single-serve and small-sized products packed in materials like PET and metal cans. Flexible packaging materials like PET remain popular across the country as consumers are price-conscious and seek products that offer value for money. Besides the food and beverage industry, PET packaging is also used for packaging beauty, personal care, and pet food products. The growing sales of these products are catalyzing the growth of the market. Furthermore, the increasing demand for customized and different sized packs for brand differentiation is also positively impacting the market growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the India PET packaging market report, along with forecasts at the country and regional level from 2023-2028. Our report has categorized the market based on packaging type, form, pack type, filling technology and end user.
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Base Year of the Analysis
Packaging Type, Form, Pack Type, Filling Technology, End User, Region
North India, West and Central India, South India, East India
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Key Questions Answered in This Report
The India PET packaging market was valued at US$ 1.4 Billion in 2022.
We expect the India PET packaging market to exhibit a CAGR of 4.87% during 2023-2028.
The rising demand for PET packaging across various industries, including Food and Beverage (F&B), personal care, pharmaceuticals, etc., as it aids in reducing wastage, lowering transportation and shipping costs, retaining the freshness of packaged products, etc., is primarily driving the India PET packaging market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across the nation, resulting in the temporary closure of numerous end-use industries for PET packaging.
Based on the packaging type, the India PET packaging market can be segmented into rigid packaging and flexible packaging. Currently, rigid packaging holds the majority of the total market share.
Based on the form, the India PET packaging market has been divided into amorphous PET and crystalline PET, where amorphous PET currently exhibits a clear dominance in the market.
Based on the pack type, the India PET packaging market can be categorized into bottles and jars, bags and pouches, trays, lids/caps and closures, and others. Currently, bottles and jars account for the majority of the total market share.
Based on the filling technology, the India PET packaging market has been segregated into hot fill, cold fill, aseptic fill, and others. Among these, cold fill currently holds the largest market share.
Based on the end user, the India PET packaging market can be bifurcated into beverages industry, household goods sector, food industry, pharmaceutical industry, and others. Currently, the beverage industry exhibits a clear dominance in the market.
On a regional level, the market has been classified into North India, West and Central India, South India, and East India, where West and Central India currently dominates the India PET packaging market.
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