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PET Packaging Market Trends

Report ID: GMI7302
Published Date: Nov 2023
Report Format: PDF

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PET Packaging Market Trends

The PET packaging industry is increasingly focused on sustainability with a strong emphasis on recycling and the use of recycled PET (rPET) materials. Brands are adopting eco-friendly packaging options to reduce their environmental footprint. PET packaging is being designed to be lighter while maintaining its strength and integrity. This reduces material consumption and transportation costs, contributing to cost savings & environmental benefits.

PET's versatility allows for intricate and customized packaging designs, which can help products stand out on store shelves, thereby enhancing brand visibility. PET packaging incorporates user-friendly features, such as resealable closures, easy-open designs, and single-serve portions, to meet customer demand for convenience in their on-the-go lifestyles.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Market size for PET packaging surpassed USD 30 billion in revenue in 2022 and is projected to expand at over 5% CAGR from 2023 to 2032 driven by the rising consumer demand for food & beverage items.

The bottles & jars segment held more than 20% share of the PET packaging industry in 2022 and is estimated to witness high demand through 2032 owing to their cost effectiveness, lightweight, and versatility for storage and transportation of a wide range of products.

Some of the major PET packaging companies are Amcor Limited, Berry Global Group Inc., CCL Industries, Inc., Gerresheimer AG, Huhtamaki OYJ, Silgan Holdings Inc., and Sonoco Products Company.