How big is the PET Packaging Market?

The PET Packaging Market size is expected to reach USD 71.23 billion in 2024 and grow at a CAGR of 5.71% to reach USD 94.02 billion by 2029. Read More

What is the current PET Packaging Market size?

In 2024, the PET Packaging Market size is expected to reach USD 71.23 billion. Read More

Who are the key players in PET Packaging Market?

Amcor Ltd., Gerresheimer AG, Berry Global Group Inc., Silgan Holdings Inc. and Resilux NV are the major companies operating in the PET Packaging Market. Read More

Which is the fastest growing region in PET Packaging Market?

Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in PET Packaging Market?

In 2024, the North America accounts for the largest market share in PET Packaging Market. Read More

What years does this PET Packaging Market cover, and what was the market size in 2023?

In 2023, the PET Packaging Market size was estimated at USD 67.16 billion. The report covers the PET Packaging Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the PET Packaging Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

PET Packaging Market Size & Share Analysis - Industry Research Report

Pet Packaging Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Report Covers Global Pet Packaging Market Trends and Manufacturers. The Market is Segmented by Product Type (Bottles and Jars, Bags and Pouches, Trays, Lids/Caps and Closures, and Other Product Types), Packaging (Rigid and Flexible), End-User Industry (Food and Beverage, Pharmaceutical, Personal Care and Cosmetic Industries, Industrial Goods, Household Products, and Other End-User Industries) and Geography (North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa). The Market Size and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.

PET Packaging Industry Overview

The PET packaging market is fragmented and consists of several major players, such as Amcor Ltd, Gerresheimer AG, Berry Global Group Inc., Silgan Holdings Inc., and Resilux NV. These market players with a significant market share are concentrating on growing their international consumer base. These businesses use tactical joint ventures to raise their market share and profitability. For instance,

In May 2024, LPLA, a plastic packaging company, unveiled a recyclable wine bottle crafted from polyethylene terephthalate (PET). This innovative solution slashes carbon footprints by a remarkable 50%, offering potential cost savings of up to 30%. Available in both 750 ml and one-liter capacities, these bottles are meticulously designed to streamline bottling and shipping operations. Notably, the 750 ml PET bottle weighs a mere 50 g, just 12.5% of the weight of its traditional glass counterparts.
In April 2024, The Coca-Cola Co. rolled out redesigned, lighter polyethylene terephthalate (PET) bottles across its sparkling beverage range in the United States and Canada. This initiative is a key part of the company's overarching goal to foster a circular economy within its packaging realm. Notably, these bottles boast innovative shapes that significantly reduce the raw materials needed for their production. The company has crafted distinct designs for its Coca-Cola and Sprite bottles while unifying the look of its other sparkling brands and Minute Maid offerings.