The pet beverage packaging global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
PET Beverage Packaging Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The PET beverage packaging market size has grown strongly in recent years. It will grow from $31.87 billion in 2023 to $33.57 billion in 2024 at a compound annual growth rate (CAGR) of 5.3%. The growth in the historic period can be attributed to increasing beverage consumption, cost-effectiveness, increasing focus on sustainability and recycling, improved shelf life and preservation, and growing urbanization.
The PET beverage packaging market size is expected to see strong growth in the next few years. It will grow to $41.54 billion in 2028 at a compound annual growth rate (CAGR) of 5.4%. The growth in the forecast period can be attributed to growing health consciousness, expansion of the beverage industry, urbanization and increasing disposable income, e-commerce growth, and regulatory support for recycling. Major trends in the forecast period include enhanced barrier technologies, lightweight and redesign innovations, smart packaging solutions, customization, and personalization, focus on aesthetic and functional design.
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Scope Of PET Beverage Packaging Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
PET Beverage Packaging Market Overview
Market Drivers –
The rising consumption of bottled water is expected to propel the growth of the PET beverage packaging market going forward. Bottled water is packaged drinking water sold in sealed containers for individual consumption. The rising consumption of bottled water is driven by increasing health consciousness and convenience. Pet beverage packaging is widely used in bottled water due to its lightweight, durability, and recyclability. For instance, in July 2024, according to the International Bottled Water Association (IBWA), a US-based trade association, bottled water volume edged up by just 0.4% in 2023. Therefore, the rising consumption of bottled water is driving the growth of the PET beverage packaging market.
Market Trends –
Major companies operating in the PET beverage packaging market are focused on developing innovative solutions, such as packaging made from post-consumer recycled (PCR) content, to meet sustainability commitments and requirements. Post-consumer recycled (PCR) content refers to materials that have been recycled after their initial use by consumers and then reprocessed into new products. For instance, in April 2024, Amcor Plc, an Australia-based packaging company, launched a one-liter polyethylene terephthalate (PET) bottle for carbonated soft drink (CSD) use that is made from 100% post-consumer recycled (PCR) content. The one-liter carbonated soft drink stock bottle by Amcor plc, made from 100% post-consumer recycled (PCR) material, features sustainability with a reduced carbon footprint. It maintains the same strength and performance as bottles made from virgin PET while supporting recycling initiatives and reducing environmental impact. The bottle is designed to meet the high standards of carbonated beverage packaging, ensuring product integrity and consumer appeal.
The pet beverage packaging market covered in this report is segmented –
1) By Product: Bottles, Jars, Lids Or Caps And Closures, Other Products
2) By Packaging Type: Rigid, Flexible
3) By End-User Industry: Carbonated Drinks, Juices, Water Bottles, Alcoholic Beverages, Energy Drinks, Other Beverages Types
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Regional Insights –
Asia-Pacific was the largest region in the PET beverage packaging market in 2023. The regions covered in the PET beverage packaging market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the PET beverage packaging market are Indorama Ventures, Ball Corporation, Amcor Plc, Berry Global Group Inc., Alpek, Sonoco Products Company, Silgan Holdings, Pactiv Evergreen Inc, ALPLA Group, CCL Industries, Plastipak Holdings Inc., Gerresheimer AG, Graham Packaging, Winpak Ltd., Altium Packaging, Coveris Management GmbH, Resilux NV, Comar LLC, Pro-Pac Packaging Limited, KHS Group, OCTAL Holding SAOC., Esterform Packaging Ltd, GTX Hanex Plastic, Apex Plastics< /b>
Table of Contents
1. Executive Summary
2. PET Beverage Packaging Market Report Structure
3. PET Beverage Packaging Market Trends And Strategies
4. PET Beverage Packaging Market – Macro Economic Scenario
5. Global PET Beverage Packaging Market Size and Growth
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32. Global PET Beverage Packaging Market Competitive Benchmarking
33. Global PET Beverage Packaging Market Competitive Dashboard
34. Key Mergers And Acquisitions In The PET Beverage Packaging Market
35. PET Beverage Packaging Market Future Outlook and Potential Analysis
36. Appendix
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