Market Overview 2022-2027:
The India PET packaging market size reached US$ 1.3 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 1.7 Billion by 2027, exhibiting a growth rate (CAGR) of 4.9% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
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 2022-2027. Our report has categorized the market based on packaging type, form, pack type, filling technology and end user.
Breakup by Packaging Type:
- Rigid Packaging
- Flexible Packaging
Breakup by Form:
- Amorphous PET
- Crystalline PET
Breakup by Pack Type:
- Bottles and Jars
- Bags and Pouches
- Lids/Caps and Closures
Breakup by Filling Technology:
- Hot Fill
- Cold Fill
- Aseptic Fill
Breakup by End User:
- Beverages Industry
- Bottled Water
- Carbonated Soft Drinks
- Milk and Dairy Products
- Household Goods Sector
- Food Industry
- Pharmaceutical Industry
Breakup by Region:
- North India
- West and Central India
- South India
- East India
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:
- How has the India PET packaging market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the India PET packaging market?
- What are the key regional markets?
- What is the breakup of the market based on the packaging type?
- What is the breakup of the market based on the form?
- What is the breakup of the market based on the pack type?
- What is the breakup of the market based on the filling technology?
- What is the breakup of the market based on the end user?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the India PET packaging market and who are the key players?
- What is the degree of competition in the industry?