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How big is the polyethylene terephthalate (pet) cups market today, and what are its future growth expectations?
The polyethylene terephthalate (PET) cups market size has grown strongly in recent years. It will grow from $0.99 billion in 2024 to $1.06 billion in 2025 at a compound annual growth rate (CAGR) of 7.5%. The growth in the historic period can be attributed to increasing adoption in quick-service restaurants, increasing focus on hygiene and food safety, increasing investment in recycling infrastructure, increasing consumer preference for transparent packaging, and increasing popularity of takeaway and delivery services.
The polyethylene terephthalate (PET) cups market size is expected to see strong growth in the next few years. It will grow to $1.4 billion in 2029 at a compound annual growth rate (CAGR) of 7.1%. The growth in the forecast period can be attributed to increasing demand from the food and beverage industry, growing online market for disposable packaging solutions, rising awareness of environmental issues, growing consumer preferences for eco-friendly packaging options, and growing demand for on-the-go food and beverages. Major trends in the forecast period include lightweight packaging, the adoption of reclosable PET cup designs, personalization, antimicrobial and barrier coatings, and smart packaging integration.
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What are the top drivers to the rising demand in the polyethylene terephthalate (pet) cups market?
The increasing demand from the food and beverage industry is expected to propel the growth of the polyethylene terephthalate (PET) cup market going forward. The food and beverage industry encompasses the entire spectrum of activities, from agricultural production and food manufacturing to distribution, retail, and hospitality services. The increasing demand for PET cups from the food and beverage industry is due to the rise in takeout and food delivery services. They are solid, resistant to cracking and breaking, and relatively inexpensive. PET cups are preferred in the food and beverage industry due to their lightweight, shatterproof nature and recyclability, making them convenient and environmentally friendly choices that meet consumer and regulatory demands. For instance, in October 2024, according to the National Restaurant Association, an US- based restaurant industry business association, there was a 3.7% increase in eating and drinking place sales between September 2023 and September 2024. Therefore, the increasing demand from the food and beverage industry is driving the growth of the polyethylene terephthalate (pet) cup market.
How is the polyethylene terephthalate (pet) cups market segmented?
The polyethylene terephthalate (PET) cups market covered in this report is segmented –
1) By Product Type: Clear PET Cup, Opaque PET Cup, Printed PET Cup
2) By Packaging: Rigid Packaging, Flexible Packaging
3) By Distribution Channel: Hypermarket, Supermarket, Departmental Stores, E-commerce, Direct Sales
4) By End Use: Food Services, Beverages, Restaurants, Other End Users
Subsegments:
1) By Clear PET Cup: Standard Clear PET Cup, Clear PET Cup With Lids
2) By Opaque PET Cup: White Opaque PET Cup, Colored Opaque PET Cup
3) By Printed PET Cup: Custom Printed PET Cup, Pre-Printed PET Cup
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Who are the top competitors in the polyethylene terephthalate (pet) cups market?
Major companies operating in the polyethylene terephthalate (PET) cups market are Amcor plc, Berry Global Inc., Sonoco Products Company, Huhtamaki Oyj, Dart Container Corporation, Ningbo Yi Sheng Plastic Co. Ltd., Solo Cup Company, RPC Group Limited, Genpak LLC, Fabri-Kal Corporation, Pretium Packaging LLC, Macpac, Printpack Inc., Silgan Plastics Corporation, Anchor Packaging Inc., Placon Corporation, Alpha Packaging, NNZ Group, Airlite Plastics Company, CKF Inc., Cup Print, Temma Shiki Co. Ltd., Megafoam Containers Enterprise Sdn Bhd
What significant trends should we anticipate in the polyethylene terephthalate (pet) cups market over the forecast period?
Major companies operating in the polyethylene terephthalate (pet) cups market are focused on developing innovative products, such as recyclable takeaway cups, to sustain their position in the market. Recyclable takeaway cups are disposable containers specifically designed for serving beverages to-go, which can be processed and reused to make new products through recycling programs. For instance, in February 2024, Faerch Group., a Denmark-based manufacturer of sustainable food packaging solutions, introduced the Tumbler range of recyclable takeaway cups. These new recyclable takeaway cups with 30% PCR content combine environmental responsibility with durability and functionality, supporting the circular economy while meeting stringent food safety and quality standards. These cups are designed to be fully recyclable into new food packaging, retaining their safety and functional properties through multiple cycles. They come in four standard lid designs and various capacities to meet diverse food service requirements.
Which regional trends are influencing the polyethylene terephthalate (pet) cups market, and which area dominates the industry?
North America was the largest region in the polyethylene terephthalate (PET) cups market in 2024. The regions covered in the polyethylene terephthalate (PET) cups market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Does The Polyethylene Terephthalate (PET) Cups Market Report 2025 Offer?
The polyethylene terephthalate (pet) cups 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) cups are food-safe, transparent containers made from polyethylene terephthalate, a solid and lightweight thermoplastic polymer. These cups are commonly used for cold beverages, are recyclable, and offer good barrier properties against gases and moisture.
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