The latest report by IMARC Group, titled “India PET Packaging Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” finds that the India PET packaging market size reached US$ 1.3 Billion in 2021. Polyethylene terephthalate (PET) is a lightweight polyester thermoplastic elastomer that can be molded into different packaging containers, including boxes and bottles. PET packaging is manufactured by melting pellets of PET resin and extruding the molten liquid into the desired shape. Compared to other packaging materials, such as glass, aluminum, and copper, it is more cost-effective, lightweight, thermally stable, unbreakable, and durable. It offers excellent resistance to moisture, solvents, alcohols, and microorganisms, which protects the packaged content from degradation and ensures quality. Since it helps reduce wastage, lowers transportation and shipping costs, and retains the freshness of packaged products, PET packaging has gained immense traction in India across the food and beverages, personal care, and pharmaceutical industries.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
India PET Packaging Market Trends:
In India, the surging sales of ready-to-eat (RTE) foods due to the expanding working population, hectic lifestyles, and inflating incomes represent the primary factor driving the market growth. Additionally, the emerging trend of on-the-go food consumption has strengthened the demand for small-sized, single-serve products packed in materials, such as PET and metal cans. In line with this, the shifting inclination toward value-for-money products and the widespread price consciousness among consumers across the country have accelerated product adoption rates. Moreover, PET packaging finds extensive applications in packaging beauty, personal care, and pet food products. Consequently, the increasing sales of these products are positively influencing the market growth. Furthermore, the leading manufacturers are heavily investing in research and development (R&D) activities to introduce reusable and recyclable packaging solutions owing to the escalating demand for eco-friendly products. Along with this, the launch of plasma-based coating that makes bottles more impervious has catalyzed market growth. Besides this, the surging need for customized and different-sized packs for product branding has augmented the demand for PET packaging. Other factors, including the growing popularity of carbonated beverages, especially among the young population, rising western influence, emerging e-commerce industry, and rapid urbanization, are also creating a favorable market outlook. Looking forward, IMARC Group expects the market value to reach US$ 1.7 Billion by 2027, expanding at a CAGR of 4.9% during 2022-2027.
- Based on the packaging type, the market has been classified as rigid and flexible packaging.
- On the basis of the form, the market has been bifurcated into amorphous and crystalline PET.
- The market has been divided based on the pack type into bottles and jars, bags and pouches, trays, lids/caps and closures, and others.
- Based on filling technology, the market has been segmented into hot fill, cold fill, aseptic fill, and others.
- On the basis of the end user, the market has been categorized into beverages industry (bottled water, carbonated soft drinks, milk and dairy products, juices, beer, and others), household goods sector, food industry, pharmaceutical industry, and others.
- Region-wise, the market has been segregated into North India, West and Central India, East India, and South India.
- The competitive landscape of the market has also been analyzed, along with detailed profiles of the key players operating in the industry.
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.
30 N Gould St, Ste R
Sheridan, WY (Wyoming) 82801 USA
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800