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Rising Bottled Water Consumption Fuels PET Beverage Packaging Market Growth: Critical Driver Shaping the PET Beverage Packaging Market in 2025
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.PET Beverage Packaging Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
In recent times, the PET beverage packaging market has seen significant growth. The market size, standing at $33.57 billion in 2024, is predicted to escalate to $35.5 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 5.7%. The historic period's growth was spurred by a surge in beverage consumption, cost-effectiveness, a heightened emphasis on sustainability and recycling, enhanced preservation and shelf life, and rising urbanization.
PET Beverage Packaging Market Size Forecast: What's the Projected Valuation by 2029?
There is anticipated significant expansion in the PET beverage packaging market over the upcoming years, with projections indicating a growth to $43.75 billion by 2029 - reflecting a compound annual growth rate of 5.4%. Factors contributing to this anticipated growth during the forecast period include an increasing societal emphasis on health, the beverage industry's expansion, urban development, a rise in disposable income, the increasing prevalence of e-commerce, and governmental regulations supporting recycling. The forecast period is also expected to see . prominent trends such as improving barrier technologies, lightweight and design modifications, adoption of intelligent packaging solutions, customization and personalization, and an emphasis on both aesthetics and functionality in design.
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What Are the Drivers Transforming the PET Beverage Packaging Market?
The increased intake of bottled water is anticipated to stimulate the expansion of the PET beverage packaging market in the future. Bottled water, which is commercial drinking water sold in sealed containers designed for individual use, has seen a rise in consumption, thanks to a heightened awareness about health and the convenience it offers. PET beverage packaging, known for its lightweight nature, sturdiness, and recyclability, is extensively used in bottled water. For example, in July 2024, the International Bottled Water Association (IBWA), a trade association based in the US, reported an increment of just 0.4% in bottled water volume in 2023. So, it can be concluded that the upswing in bottled water consumption is fueling the growth of the PET beverage packaging market.
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What Long-Term Trends Will Define the Future of the PET Beverage Packaging Market?
Primary players in the PET beverage packaging sector are concentrating on the creation of innovative solutions like packaging constructed with post-consumer recycled (PCR) content to satisfy both sustainability goals and regulations. Post-consumer recycled (PCR) content includes materials that are recycled after being initially used by consumers, which are then transformed into new products. For example, Amcor Plc, a packaging firm from Australia, introduced a one-liter polyethylene terephthalate (PET) bottle in April 2024 for carbonated soft drink (CSD) usage that incorporates 100% post-consumer recycled (PCR) content. The one-liter carbonated soft drink bottle created by Amcor plc, composed of 100% post-consumer (PCR) recycled material, emphasizes sustainability coupled with a lesser carbon footprint. This bottle upholds the same robustness and efficacy as bottles assembled using fresh PET, all the while encouraging recycling endeavours and mitigating environmental harm. The design of this bottle meets the stringent specifications of carbonated beverage packaging, securing product authenticity, and fostering consumer appeal.
Which Segments in the PET Beverage Packaging Market Offer the Most Profit Potential?
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 Dominate the PET Beverage Packaging Market by Market Share and Revenue in 2025?
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
Which Regions Offer the Highest Growth Potential in the PET Beverage Packaging Market?
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.
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