Press release
India PET Resin Market Expected to Reach USD 5.42 Million by 2033, Industry Growing at a CAGR of 6.86%
The India PET Resin Market size reached USD 2.98 Million in 2024 and is forecasted to reach USD 5.42 Million by 2033, growing at a CAGR of 6.86% during 2025-2033. This growth is driven by rising demand for sustainable, lightweight packaging in food, beverage, and pharmaceutical sectors, expansion of e-commerce, and government initiatives promoting plastic recycling and sustainability.
STUDY ASSUMPTION YEARS
❥ Base Year: 2024
❥ Historical Year/Period: 2019-2024
❥ Forecast Year/Period: 2025-2033
INDIA PET RESIN MARKET KEY TAKEAWAYS
❥ Current Market Size in 2024: USD 2.98 Million
❥ CAGR (2025-2033): 6.86%
❥ Forecast Period: 2025-2033
❥ India's total PET production capacity surpassed 3,400 kilotons in FY 2022, with ❥ Reliance Industries Limited leading at over 1,000 kilotons.
❥ Recycling rate for PET in India expected to rise from around 60% in 2023 to approximately 70% by 2025.
❥ Investments in green technology and sustainable manufacturing projected to grow by nearly 15% between 2023 and 2025.
❥ Major demand from packaging sectors including food, beverage, and pharmaceuticals driven by rapid urbanization and rising disposable incomes.
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MARKET TRENDS
The India PET Resin market experiences robust growth led by escalating demand from packaging sectors like food, beverage, and pharmaceuticals. Rapid urbanization along with rising disposable incomes has expanded packaged consumer goods. The beverage industry steadily grows, enhancing prospects for PET resin in beverage packaging. Modernization in food processing driven by increased e-commerce and organized retail further propels demand for lightweight and durable PET-based packaging.
According to industry data, India's total PET production capacity exceeded 3,400 kilotons in FY 2022, strongly led by Reliance Industries Limited and IVL Dhunseri. Production expansions and investment in advanced technology aim to meet growing demand for safe, cost-effective, and environmentally friendly packaging materials.
Sustainability initiatives constitute a major trend with rising usage of recycled PET (rPET) in packaging. Regulatory tightening has increased India's PET recycling rate from 60% in 2023 to an anticipated 70% by 2025, supporting circular economy. Capital expenditures in green technology and sustainable manufacturing are expected to grow nearly 15% from 2023 to 2025, responding to environmental and consumer demand for sustainable packaging solutions.
MARKET GROWTH FACTORS
Growing demand for sustainable and lightweight packaging in food, beverage, and pharmaceutical sectors significantly fuels market growth. Expansion of e-commerce and government initiatives promoting plastic recycling and sustainability also act as key catalysts. These elements collectively encourage manufacturers to enhance production capacities and adopt advanced technologies.
Environmental regulations and circular economy adoption further stimulate growth by increasing recycled PET usage. The expected rise in PET recycling rate from 60% to 70% by 2025 illustrates this push. Investments in recycling infrastructure and green technology have accelerated by nearly 15% between 2023 and 2025, reflecting stronger commitment to sustainability.
Additionally, global brands demanding sustainable packaging to reduce carbon footprints propel manufacturers towards innovation involving bio-based additives and advanced recycling technologies. This drives the industry to comply with government mandates and meet consumer expectations for eco-friendly packaging, boosting overall market expansion.
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MARKET SEGMENTATION
Type Insights:
❥ Bottled Beverages: PET resin used primarily in beverage containers.
❥ Films & Sheets: Utilized in packaging and labeling applications requiring flexibility.
❥ CSD: Carbonated Soft Drinks sector employing PET resin for bottles and packaging.
❥ Food: PET resin applied in food packaging ensuring durability and safety.
❥ Others: Encompasses other miscellaneous uses outside the main categories.
Application Insights:
❥ Transportation: Use of PET resin in transport-related components and packaging.
❥ Automotive: PET resin applications in automotive parts and accessories.
❥ Electrical and Electronics: PET resin usage in electronic goods packaging and components.
❥ Household Appliances: PET resin applied in appliance manufacturing and packaging.
❥ Packaging: Broad use in various packaging applications for consumer goods.
❥ Textile: PET resin employed in textiles for fibers and fabrics.
REGIONAL INSIGHTS
The report identifies major regional markets including North India, South India, East India, and West India. However, specific dominant region statistics such as market share or CAGR per region are not provided in the source.
Summary: The market analysis covers North India, South India, East India, and West India regions for comprehensive market coverage from 2025 to 2033.
RECENT DEVELOPMENTS & NEWS
❥ October 2024: Magpet Polymers secured ₹205 crore investment from British International Investment to establish India's largest integrated bottle-to-bottle food-grade recycling facility in Kharagpur, West Bengal.
❥ January 2024: Shree Renga Polymers allocated ₹100 crore for a greenfield PET bottle recycling plant in Karur, Tamil Nadu, aiming to expand rPSF production capacity to 130 tons per day, a sixfold increase.
KEY PLAYERS
❥ Reliance Industries Limited
❥ IVL Dhunseri
❥ Magpet Polymers
❥ Shree Renga Polymers
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
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ABOUT US
IMARC Group is a global management consulting firm that helps the world's most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
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Email: sales@imarcgroup.com,
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