The India PET resin market size reached USD 2.98 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 5.42 Million by 2033, exhibiting a growth rate (CAGR) of 6.86% during 2025-2033. The market is driven by rising demand for sustainable and lightweight packaging in the food, beverage, and pharmaceutical sectors, the expansion of the e-commerce industry, and government initiatives promoting plastic recycling and sustainability.
Report Attribute
|
Key Statistics
|
---|---|
Base Year
|
2024 |
Forecast Years
|
2025-2033
|
Historical Years
|
2019-2024
|
Market Size in 2024 | USD 2.98 Million |
Market Forecast in 2033 | USD 5.42 Million |
Market Growth Rate (2025-2033) | 6.86% |
Surging Demand from Packaging Sectors
The India PET Resin market is witnessing robust growth due to an escalating demand from the packaging sectors, particularly food, beverage, and pharmaceuticals. Rapid urbanization and rising disposable incomes have led to a dramatic expansion of packaged consumer goods. The beverage industry, a major consumer of PET resin, is growing steadily, thus creating a positive outlook for the beverage packaging segment. In addition, the food processing sector is modernizing quickly with increasing investments in e-commerce and organized retail, further boosting demand for lightweight and durable packaging solutions made from PET resin. According to industry insights, in FY 2022, India's total PET production capacity surpassed 3,400 kilotons, with Reliance Industries Limited as the leading producer at over 1,000 kilotons, followed by IVL Dhunseri as the second-largest at 720 kilotons. This growth is fueled by a need for cost-effective and environmentally friendly packaging materials that meet stringent safety standards. Manufacturers are expanding production capacities and investing in advanced technologies to cater to this growing demand.
Sustainability and Circular Economy Initiatives
Sustainability has emerged as a key driver in the India PET Resin market, as both regulators and consumers push for environmentally responsible solutions. One major aspect is the increased use of recycled PET (rPET) in packaging applications. With environmental regulations tightening, the recycling rate for PET in India is expected to rise from around 60% in 2023 to approximately 70% by 2025, reflecting a strong shift towards circular economy practices. Investments in recycling infrastructure have surged, with capital expenditures in green technology and sustainable manufacturing growing by nearly 15% between 2023 and 2025. Furthermore, many global brands are demanding more sustainable packaging to reduce their carbon footprints, prompting manufacturers to innovate by incorporating bio-based additives and advanced recycling technologies. These initiatives not only contribute to environmental conservation but also help companies comply with new government regulations that encourage sustainable practices.
IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the region/country level for 2025-2033. Our report has categorized the market based on type and application.
Type Insights:
The report has provided a detailed breakup and analysis of the market based on the type. This includes bottled beverages, films & sheets, CSD, food, and others.
Application Insights:
A detailed breakup and analysis of the market based on the application have also been provided in the report. This includes transportation, automotive, electrical and electronics, household appliances, packaging, and textile.
Regional Insights:
The report has also provided a comprehensive analysis of all the major regional markets, which include North India, South India, East India, and West India.
The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.
Report Features | Details |
---|---|
Base Year of the Analysis | 2024 |
Historical Period | 2019-2024 |
Forecast Period | 2025-2033 |
Units | Million USD |
Scope of the Report |
Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment:
|
Types Covered | Bottled Beverages, Films & Sheets, CSD, Food, Others |
Applications Covered | Transportation, Automotive, Electrical and Electronics, Household Appliances, Packaging, Textile |
Regions Covered | North India, South India, East India, West India |
Customization Scope | 10% Free Customization |
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) |