United States Rigid PET Packaging Market Size (2024 - 2029)

The United States rigid PET packaging market is experiencing growth driven by its essential role in sectors such as bottled water and pharmaceuticals. The increasing demand from beverage, food, and healthcare industries, alongside consumer preferences for sustainable packaging solutions, is contributing to the market's expansion. PET's advantages, including recyclability, customization options, and minimal raw material loss during production, make it a preferred choice for manufacturers. The market's dynamics are further influenced by the rising popularity of refillable products and the continued use of PET in pharmaceutical packaging due to its molecular breakdown capabilities.

Market Size of United States Rigid PET Packaging Industry

United States Rigid Pet Packaging Market Overview
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 4.35 %
Market Concentration Medium

Major Players

United States Rigid PET Packaging Market Major Players

*Disclaimer: Major Players sorted in no particular order

US Rigid PET Packaging Market Analysis

The United States rigid pet packaging market is expected to witness a CAGR of 4.35% over the forecast period (2022-2027). PET packaging was considered an essential service in the United States due to its applications in bottled water and pharmaceuticals packaging. Beverage, food, healthcare, and other end-user industries have been considered essential services in the region. This end-user witnessed significant demand for bottled water, hand sanitizer bottles, household cleaning, and detergent. According to a convenience store news 2020 survey report, purchasing behavior of consumers at convenience stores due to the pandemic for products such as bottled water(single), bottled water(multipack), and milk accounted for 49%, 38%, and 46%, respectively.

The International Bottled Water Association reports that Americans consumed 15.6 billion gallons of bottled water in 2021, up 4.5% from 2020 (compared to a 4.2% increase the previous year). That means that each American consumed 46.9 gallons of bottled water on average in 2020, up 3.8% from the prior year. Furthermore, retail dollar sales of bottled water increased by 4.4% in 2021, reaching USD 37.9 billion. With this rising trend likely to continue, it is set to propel the demand for Rigid PET in bottled water packaging.

Clamshell packaging remains popular with retailers among rigid plastic packaging because the product is visible on both sides. It can be hung or freestanding, and it's harder to shoplift since the package is bigger than the product inside. It's much lighter than cardboard or other alternatives, saving energy during transport, cheaper to make, and more durable.

Manufacturers prefer PET over other plastic packaging goods because it minimizes the loss of raw material throughout the manufacturing process. Its recyclability and ability to customize it with numerous colors and designs make it a popular choice. Refillable items have risen in popularity as consumer knowledge of environmental issues has grown, increasing demand for the product. For instance, in February 2022, Evergreen is one of the prominent producers of food-grade rPET in North America, having its USD 200 million investment and multiple acquisitions.

For decades, pharma packaging has likely migrated away from plastic, the industry's main design and manufacturing material. However, the industry will continue to use polyethylene terephthalate (PET) because of its capacity to break down to PET at the molecular level.

In April 2022, Klockner Pentaplast, a manufacturer of recycled content products and high-barrier protective packaging, decided to expand its multi-million dollar production facility in Beaver, West Virginia, to add post-consumer recycled content (PCR) PET capacity in North America. Installing an extrusion line and two thermos formers will increase the company's sustainable innovation in the consumer health, pharmaceutical, and food packaging markets, producing 15,000 metric tonnes of new rPET/PET capacity. Over 20% of Klockner Pentaplast volumes are currently made with PCR material.

US Rigid PET Packaging Industry Segmentation

The study tracks the demand for PET-based rigid end packaging products traded across major end-user verticals such as food, beverage, pharmaceutical, etc. Flexible, rigid packaging products such as films and wraps are not included in the scope of work. The study considers the impact of COVID-19 on PET Packaging and the broader Plastic Packaging Market, specifically based on the increase in the demand for single-use packaging.

By Product Type
Bottles & Jars
Caps & Closures
Trays
Others
By End-User Industry
Food
Beverages
Pharmaceuticals
Cosmetics
Other End-user verticals (Industrial & Agriculture)
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United States Rigid PET Packaging Market Size Summary

The United States rigid PET packaging market is poised for steady growth, driven by its critical role in various essential sectors such as beverages, food, healthcare, and pharmaceuticals. The demand for rigid PET packaging is bolstered by its applications in bottled water, hand sanitizers, and household cleaning products, which have seen increased consumption due to changing consumer behaviors and heightened health awareness. The market benefits from the material's recyclability, customization options, and cost-effectiveness, making it a preferred choice for manufacturers. The popularity of clamshell packaging among retailers further supports market expansion, as it offers visibility, security, and transport efficiency. The shift towards sustainable packaging solutions, including the use of post-consumer recycled content, aligns with growing environmental concerns and regulatory pressures, encouraging innovation and investment in the sector.

The market landscape is characterized by moderate consolidation, with key players investing in strategic partnerships and technological advancements to enhance their product offerings and market share. Companies like Berry Global and Klockner Pentaplast are expanding their capabilities to meet the rising demand for sustainable and high-performance packaging solutions. The increasing consumption of packaged and convenience foods, along with the growing pharmaceutical sector, underscores the need for robust and efficient packaging systems. Regulatory initiatives and consumer demand for transparency and sustainability are driving the adoption of rigid PET packaging, positioning it as a vital component in the evolving packaging industry. As the market continues to adapt to these trends, it is expected to maintain a positive growth trajectory, supported by ongoing innovations and strategic investments.

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United States Rigid PET Packaging Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Industry Supply Chain Anlaysis

    3. 1.3 Market Drivers

      1. 1.3.1 Growing use of PET bottles & containers in the Pharmaceutical sector

      2. 1.3.2 Recent material-related advancements and use of recycled PET

    4. 1.4 Market Challenges

      1. 1.4.1 Environmental concerns & fluctuations in raw material pricing

    5. 1.5 Market Opportunities

    6. 1.6 Key alternatives to the use of PET - PO, PS, etc.

    7. 1.7 Key Standards & Regulations

    8. 1.8 Maior types of filling technology - Hot Fill, Cold Fill, Aseptic Fill, etc.

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Product Type

      1. 2.1.1 Bottles & Jars

      2. 2.1.2 Caps & Closures

      3. 2.1.3 Trays

      4. 2.1.4 Others

    2. 2.2 By End-User Industry

      1. 2.2.1 Food

      2. 2.2.2 Beverages

      3. 2.2.3 Pharmaceuticals

      4. 2.2.4 Cosmetics

      5. 2.2.5 Other End-user verticals (Industrial & Agriculture)

United States Rigid PET Packaging Market Size FAQs

The United States Rigid PET Packaging Market is projected to register a CAGR of 4.35% during the forecast period (2024-2029)

CCL Industries, Inc., Amcor Limited, Mondi Group, Smurfit Kappa Group PLC and Berry Plastics Group  are the major companies operating in the United States Rigid PET Packaging Market.

United States Rigid PET Packaging Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)