The global pet containers market is estimated to be valued at USD 82.45 Bn in 2024 and is expected to reach USD 116.83 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 5.1% from 2024 to 2031. The global PET containers market has been witnessing significant growth over the past decade due to the rising demand for lightweight and recyclable packaging solutions across various end-use industries such as food and beverages, personal care, home care, pharmaceuticals, and others. Polyethylene terephthalate (PET) containers offer properties such as high transparency, exceptional durability, toughness, and shatter resistance. With growing environmental concerns, consumers are shifting their preference towards sustainable packaging made from recycled PET resin. Furthermore, advancements in PET container manufacturing technologies to develop innovative designs continue to drive the popularity of PET packaging globally.
Market Dynamics:
The global PET containers market is driven by increasing consumption of packaged food and beverages along with the rising demand for eco-friendly packaging from consumers. Additionally, favorable government regulations regarding the use of recycled plastics for packaging applications are creating growth opportunities for market players. However, fluctuations in raw material prices pose a major challenge for stable market growth. Moreover, the availability of substitutes like high density polyethylene HDPE and glass also restricts the global demand for PET containers to some extent. Market players should focus on developing lightweight PET containers using recycled PET flakes which can help address environmental concerns and lower production costs.
Key Features of the Study:
- This report provides in-depth analysis of the global PET containers market and provides market size (USD Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global PET containers market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
- Key companies covered as part of this study include Coca-Cola Enterprises, Inc., Amcor plc, Berry Global, Inc., Plastipak Holdings, Inc., Nampak Ltd., Graham Packaging Company, Alpla Werke Alwin Lehner GmbH, RPC Group Plc, Krones AG, DAK Americas LLC, Resilux NV, PET Power, Sidel Group, Epackaging Solutions, and Evergreen Packaging LLC
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- The global PET containers market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global PET containers market
Market Segmentation
- Container Type Insights (Revenue, USD Bn, 2019 - 2031)
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- Bottles
- Jars
- Pails
- Crates
- Clamshells
- Trays, Bowls & Cups
- Others
- Application Insights (Revenue, USD Bn, 2019 - 2031)
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- Food and Beverage
- Personal Care
- Household Products
- Pharmaceuticals
- Others
- Regional Insights (Revenue, USD Bn, 2019 - 2031)
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- North America
- Latin America
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Germany
- U.K.
- Spain
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- South Africa
- North Africa
- Central Africa
- Key Players Insights
- Coca-Cola Enterprises, Inc.
- Amcor plc
- Berry Global, Inc.
- Plastipak Holdings, Inc.
- Nampak Ltd.
- Graham Packaging Company
- Alpla Werke Alwin Lehner GmbH
- RPC Group Plc
- Krones AG
- DAK Americas LLC
- Resilux NV
- PET Power
- Sidel Group
- Epackaging Solutions
- Evergreen Packaging LLC