What are the recent trends in market size and growth for the pet beverage packaging market?
The PET beverage packaging market size has grown strongly in recent years. It will grow from $33.57 $ billion in 2024 to $35.5 $ billion in 2025 at a compound annual growth rate (CAGR) of 5.7%. 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 $43.75 $ billion in 2029 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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How have varous drivers impacted the growth of the pet beverage packaging market?
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.
What are the primary segments of the pet beverage packaging market?
The PET beverage packagingmarket 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
Subsegments:
1) Bottles: Carbonated Soft Drink Bottles, Water Bottles, Juice Bottles
2) Jars: Food Jars, Sauce Jars, Specialty Beverage Jars
3) Lids Or Caps And Closures: Screw Caps, Flip Top Caps, Tamper-Evident Caps
4) Other Products: PET Pouches, PET Bladders, PET Containers
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Which firms are leading the pet beverage packaging market?
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
How will industry trends affect the trajectory of the pet beverage packaging market?
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.
Which geographic trends are shaping the pet beverage packaging market, and which region has the highest market share?
Asia-Pacific was the largest region in the PET beverage packaging market in 2024. The regions covered in the PET beverage packaging market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Does The PET Beverage Packaging Market Report 2025 Offer?
The pet beverage packaging market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Polyethylene terephthalate (PET) beverage packaging refers to using polyethylene terephthalate plastic for bottling and packaging drinks. Polyethylene terephthalate is a lightweight, durable, and recyclable material that provides excellent resistance to impact and moisture, making it ideal for preserving the freshness and quality of beverages. Its transparency allows for clear visibility of the product, and its ability to be easily molded into various shapes and sizes makes it a popular choice in the beverage industry.
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