Polyethylene Terephthalate (PET) Cups Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033 | Amcor plc, Berry Global Inc., Sonoco Products Company, Huhtamaki Oyj, Dart Container Corporation, Ningbo Yi Sheng Plastic Co. Ltd., Solo

As per the report, the polyethylene terephthalate (PET) cups market size has grown strongly in recent years. It will grow from $0.93 billion in 2023 to $0.99 billion in 2024 at a compound annual growth rate (CAGR) of 6.9%. The polyethylene terephthalate (PET) cups market size is expected to see strong growth in the next few years. It will grow to $1.31 billion in 2028 at a compound annual growth rate (CAGR) of 7.2%.

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Increasing Demand From The Food And Beverage Industry On PET Cup Market
The increasing demand from the food and beverage industry is expected to propel the growth of the polyethylene terephthalate (PET) cups 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 takeaway and food delivery services, 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 May 2021, according to the Australian Bureau of Statistics, an Australia-based government agency, food and non-alcoholic drink sales increased significantly from 14.8 million metric tons in the preceding fiscal year of 2020-21 to 15.1 million tons in 2021-2022. Therefore, the increasing demand from the food and beverage industry is driving the growth of the polyethylene terephthalate (pet) cups market.

Faerch Group Pioneers Sustainable Tumbler Range, Revolutionizing Recyclable Takeaway Cups
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.

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

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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

Contents of the report:
1. Executive Summary
2. Polyethylene Terephthalate (PET) Cups Market Report Structure
3. Polyethylene Terephthalate (PET) Cups Market Trends And Strategies
4. Polyethylene Terephthalate (PET) Cups Market - Macro Economic Scenario
5. Polyethylene Terephthalate (PET) Cups Market Size And Growth
…..
27. Polyethylene Terephthalate (PET) Cups Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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