The PET material packaging market is on the path to substantial growth, with a projected valuation of USD 81.7 billion by 2024. The market exhibits a prominent trend, with a 4.1% CAGR expected to persist until 2034.
The consistent growth projections suggest that the global PET material packaging market is positioned to attain a remarkable valuation of USD 122 billion by 2034.
| Attributes | Key Insights |
|---|---|
| Market Estimated Size in 2024 | USD 81.7 billion |
| Projected Market Size in 2034 | USD 122 billion |
| Value-based CAGR from 2024 to 2034 | 4.1% |
The global PET material packaging market experienced substantial growth during the historical period from 2019 to 2023. The growth was influenced by various factors, including adopting PET material for packaging solutions across diverse industries.
In 2019, the market total valuation stood at USD 81.7 billion. Over the next four years, from 2019 to 2023, the market witnessed significant expansion, with the market value increasing to USD 122 billion. The remarkable growth was underpinned by the versatility and suitability of PET material for packaging applications, meeting regulatory requirements, and addressing environmental concerns.
During this period, the PET material packaging market responded to the increasing demand for sustainable and environmentally friendly solutions. The adoption of PET as a biodegradable material gained prominence, aligning with the industry focus on green plastics.
PET’s lightweight properties, coupled with its recyclability and reusability, contributed to its widespread adoption, especially as an alternative to traditional packaging materials like glass and metal.
The table below displays CAGRs in the five countries spearheaded by the United States, Canada, the United Kingdom, Germany, and India.
CAGRs from 2024 to 2034
| The United States | 2.1% |
|---|---|
| The United Kingdom | 3.7% |
| Germany | 2% |
| Canada | 3.8% |
| India | 6.3% |
The United States is expected to rise at a CAGR of 2.1% in the PET materials packaging market, driven by its vast manufacturing base and technological innovations. The country strong emphasis on green packaging solutions aligns with the global trend towards sustainability.
The growing population, increasing disposable incomes, and enhanced purchasing power of consumers will boost the demand for PET materials packaging in the United States. The need for lightweight, flexible, and easily transportable packaging solutions is expected to drive the growth of the PET materials packaging market.
Canada is expected to play a significant role in the PET materials packaging market, along with North America overall growth trajectory with a CAGR of 3.8% by 2034. The country commitment to eco-friendly packaging and sustainability aligns with the global drive towards responsible consumer practices.
The growth in Canada population, rising disposable incomes, and increased consumer purchasing power contribute to the rising demand for PET materials packaging. The packaging is lightweight, flexible, and has transport-friendly characteristics set further to bolster the PET materials packaging market in Canada.
The United Kingdom plays a pivotal role in Europe PET materials packaging market with a CAGR of 3.7%, showcasing a rapidly growing economy and a high standard of living. PET materials packaging has experienced significant growth in the United Kingdom, mainly driven by the increasing demand for bottled water.
The growing per capita population is a significant contributing factor to the growth of PET materials packaging on a global scale. Moreover, the efficient handling of solid waste, combined with the ease of transportation, results in lower shipping costs. These attributes are expected to propel PET materials packaging sales in the United Kingdom.
Germany is a key player in Europe PET materials packaging market, exemplifying the growth driven by a flourishing economy and high living standards with a CAGR of 2% through 2034. The country is witnessing a surge in demand for pharmaceuticals and personal care products, contributing to the overall growth of the PET materials packaging market in Europe.
Germany has invested in expanding its PET recycling infrastructure facilities, enhancing its commitment to sustainable packaging solutions. The nation efficient waste management practices, combined with its strategic location, support the growth of PET materials packaging in the German market. These factors make Germany significantly contribute to the European PET materials packaging landscape.
The PET materials packaging market in India is on a trajectory of substantial growth, holding a CAGR of 6.3% by 2034, driven by the country expanding population, rising disposable incomes, and increasing consumer purchasing power.
As the need for lightweight, flexible, and easily transportable packaging solutions gains prominence, PET materials packaging is becoming a preferred choice.
The growing demand for bottled water and other beverages further fuels the market expansion, as does the adoption of greener packaging practices. With an emerging economy and evolving consumer preferences, India PET materials packaging market is set to experience significant growth in the coming years.
The table below highlights how bottles and jars are projected to lead the product type market, expanding at a market share of 31.5% in 2024. The table further details how food and beverage is anticipated to witness a market share of 32.7% in 2024.
| Category | Market Share in 2024 |
|---|---|
| Bottles and Jars | 31.5% |
| Food and Beverage | 32.7% |
Bottles and jars are prominent packaging forms in the PET materials packaging market, holding a market share of 31.5% in 2024. PET (polyethylene terephthalate) is widely used to manufacture these containers, leveraging its lightweight, durable, and transparent properties.
PET bottles and jars are commonly employed for packaging various products, including beverages, personal care items, condiments, pharmaceuticals, and more. They are favored for their suitability for single-use and refillable applications, contributing to sustainability efforts.
PET bottles and jars are known for their versatility and cost-effectiveness, making them an essential component of the PET materials packaging market across various industries.
The food and beverages industry is a significant end-user segment in the PET materials packaging market, accounting for 32.7% in 2024. PET (polyethylene terephthalate) is extensively utilized for packaging various food and beverage products. PET containers are famous for bottling beverages such as water, soft drinks, juices, and alcoholic drinks due to their lightweight, transparency, and ability to retain the quality and taste of the contents.
They are also widely used for packaging food items like condiments, sauces, snacks, and dairy products. PET packaging offers benefits such as product visibility, convenience, and recyclability, aligning with consumer preferences and sustainability initiatives. As such, the food and beverages industry remains a key driver for the PET materials packaging market, ensuring the preservation and accessibility of consumable goods.
Many key PET material packaging manufacturers are inclined to invest significantly in innovation, research, and development practices to uncover increased applications of the PET material packaging market. With technology, players also focus on ensuring safety, quality, and customer satisfaction to captivate an increased customer base. Some of the latest developments include
| Attributes | Details |
|---|---|
| Estimated Market Size in 2024 | USD 81.7 billion |
| Projected Market Valuation in 2034 | USD 122 billion |
| CAGR Share from 2024 to 2034 | 4.1% |
| Forecast Period | 2024 to 2034 |
| Historical Data Available for | 2019 to 2023 |
| Market Analysis | Value in USD million |
| Key Regions Covered |
North America; Latin America; Western Europe; Eastern Europe; South Asia and Pacific; East Asia; The Middle East & Africa |
| Key Market Segments Covered |
Product, End Use, Region |
| Key Countries Profiled | The United States, Canada, Brazil, Mexico, Germany, The United Kingdom, France, Spain, Italy, Russia, Poland, Czech Republic, Romania, India, Bangladesh, Australia, New Zealand, China, Japan, South Korea, GCC countries, South Africa, Israel |
| Key Companies Profiled |
Amcor Limited; CCL Industries, Inc.; Gerresheimer AG; Smurfit Kappa Group PLC; Masterchem; PET Power; Berry Plastic Group Inc.; Resilux NV; GTX Hanex Plastic Sp. z o.o.; Klöckner Pentaplast GmbH & Co. KG.; PerPETual Global; Waipak; Loop Industries |
Table 1: Global Market Value (US$ Million) Forecast by Region, 2019 to 2034
Table 2: Global Market Volume (Units) Forecast by Region, 2019 to 2034
Table 3: Global Market Value (US$ Million) Forecast by End Use, 2019 to 2034
Table 4: Global Market Volume (Units) Forecast by End Use, 2019 to 2034
Table 5: Global Market Value (US$ Million) Forecast by Product, 2019 to 2034
Table 6: Global Market Volume (Units) Forecast by Product, 2019 to 2034
Table 7: North America Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 8: North America Market Volume (Units) Forecast by Country, 2019 to 2034
Table 9: North America Market Value (US$ Million) Forecast by End Use, 2019 to 2034
Table 10: North America Market Volume (Units) Forecast by End Use, 2019 to 2034
Table 11: North America Market Value (US$ Million) Forecast by Product, 2019 to 2034
Table 12: North America Market Volume (Units) Forecast by Product, 2019 to 2034
Table 13: Latin America Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 14: Latin America Market Volume (Units) Forecast by Country, 2019 to 2034
Table 15: Latin America Market Value (US$ Million) Forecast by End Use, 2019 to 2034
Table 16: Latin America Market Volume (Units) Forecast by End Use, 2019 to 2034
Table 17: Latin America Market Value (US$ Million) Forecast by Product, 2019 to 2034
Table 18: Latin America Market Volume (Units) Forecast by Product, 2019 to 2034
Table 19: Western Europe Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 20: Western Europe Market Volume (Units) Forecast by Country, 2019 to 2034
Table 21: Western Europe Market Value (US$ Million) Forecast by End Use, 2019 to 2034
Table 22: Western Europe Market Volume (Units) Forecast by End Use, 2019 to 2034
Table 23: Western Europe Market Value (US$ Million) Forecast by Product, 2019 to 2034
Table 24: Western Europe Market Volume (Units) Forecast by Product, 2019 to 2034
Table 25: Eastern Europe Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 26: Eastern Europe Market Volume (Units) Forecast by Country, 2019 to 2034
Table 27: Eastern Europe Market Value (US$ Million) Forecast by End Use, 2019 to 2034
Table 28: Eastern Europe Market Volume (Units) Forecast by End Use, 2019 to 2034
Table 29: Eastern Europe Market Value (US$ Million) Forecast by Product, 2019 to 2034
Table 30: Eastern Europe Market Volume (Units) Forecast by Product, 2019 to 2034
Table 31: South Asia and Pacific Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 32: South Asia and Pacific Market Volume (Units) Forecast by Country, 2019 to 2034
Table 33: South Asia and Pacific Market Value (US$ Million) Forecast by End Use, 2019 to 2034
Table 34: South Asia and Pacific Market Volume (Units) Forecast by End Use, 2019 to 2034
Table 35: South Asia and Pacific Market Value (US$ Million) Forecast by Product, 2019 to 2034
Table 36: South Asia and Pacific Market Volume (Units) Forecast by Product, 2019 to 2034
Table 37: East Asia Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 38: East Asia Market Volume (Units) Forecast by Country, 2019 to 2034
Table 39: East Asia Market Value (US$ Million) Forecast by End Use, 2019 to 2034
Table 40: East Asia Market Volume (Units) Forecast by End Use, 2019 to 2034
Table 41: East Asia Market Value (US$ Million) Forecast by Product, 2019 to 2034
Table 42: East Asia Market Volume (Units) Forecast by Product, 2019 to 2034
Table 43: Middle East and Africa Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 44: Middle East and Africa Market Volume (Units) Forecast by Country, 2019 to 2034
Table 45: Middle East and Africa Market Value (US$ Million) Forecast by End Use, 2019 to 2034
Table 46: Middle East and Africa Market Volume (Units) Forecast by End Use, 2019 to 2034
Table 47: Middle East and Africa Market Value (US$ Million) Forecast by Product, 2019 to 2034
Table 48: Middle East and Africa Market Volume (Units) Forecast by Product, 2019 to 2034
Figure 1: Global Market Value (US$ Million) by End Use, 2024 to 2034
Figure 2: Global Market Value (US$ Million) by Product, 2024 to 2034
Figure 3: Global Market Value (US$ Million) by Region, 2024 to 2034
Figure 4: Global Market Value (US$ Million) Analysis by Region, 2019 to 2034
Figure 5: Global Market Volume (Units) Analysis by Region, 2019 to 2034
Figure 6: Global Market Value Share (%) and BPS Analysis by Region, 2024 to 2034
Figure 7: Global Market Y-o-Y Growth (%) Projections by Region, 2024 to 2034
Figure 8: Global Market Value (US$ Million) Analysis by End Use, 2019 to 2034
Figure 9: Global Market Volume (Units) Analysis by End Use, 2019 to 2034
Figure 10: Global Market Value Share (%) and BPS Analysis by End Use, 2024 to 2034
Figure 11: Global Market Y-o-Y Growth (%) Projections by End Use, 2024 to 2034
Figure 12: Global Market Value (US$ Million) Analysis by Product, 2019 to 2034
Figure 13: Global Market Volume (Units) Analysis by Product, 2019 to 2034
Figure 14: Global Market Value Share (%) and BPS Analysis by Product, 2024 to 2034
Figure 15: Global Market Y-o-Y Growth (%) Projections by Product, 2024 to 2034
Figure 16: Global Market Attractiveness by End Use, 2024 to 2034
Figure 17: Global Market Attractiveness by Product, 2024 to 2034
Figure 18: Global Market Attractiveness by Region, 2024 to 2034
Figure 19: North America Market Value (US$ Million) by End Use, 2024 to 2034
Figure 20: North America Market Value (US$ Million) by Product, 2024 to 2034
Figure 21: North America Market Value (US$ Million) by Country, 2024 to 2034
Figure 22: North America Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 23: North America Market Volume (Units) Analysis by Country, 2019 to 2034
Figure 24: North America Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 25: North America Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 26: North America Market Value (US$ Million) Analysis by End Use, 2019 to 2034
Figure 27: North America Market Volume (Units) Analysis by End Use, 2019 to 2034
Figure 28: North America Market Value Share (%) and BPS Analysis by End Use, 2024 to 2034
Figure 29: North America Market Y-o-Y Growth (%) Projections by End Use, 2024 to 2034
Figure 30: North America Market Value (US$ Million) Analysis by Product, 2019 to 2034
Figure 31: North America Market Volume (Units) Analysis by Product, 2019 to 2034
Figure 32: North America Market Value Share (%) and BPS Analysis by Product, 2024 to 2034
Figure 33: North America Market Y-o-Y Growth (%) Projections by Product, 2024 to 2034
Figure 34: North America Market Attractiveness by End Use, 2024 to 2034
Figure 35: North America Market Attractiveness by Product, 2024 to 2034
Figure 36: North America Market Attractiveness by Country, 2024 to 2034
Figure 37: Latin America Market Value (US$ Million) by End Use, 2024 to 2034
Figure 38: Latin America Market Value (US$ Million) by Product, 2024 to 2034
Figure 39: Latin America Market Value (US$ Million) by Country, 2024 to 2034
Figure 40: Latin America Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 41: Latin America Market Volume (Units) Analysis by Country, 2019 to 2034
Figure 42: Latin America Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 43: Latin America Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 44: Latin America Market Value (US$ Million) Analysis by End Use, 2019 to 2034
Figure 45: Latin America Market Volume (Units) Analysis by End Use, 2019 to 2034
Figure 46: Latin America Market Value Share (%) and BPS Analysis by End Use, 2024 to 2034
Figure 47: Latin America Market Y-o-Y Growth (%) Projections by End Use, 2024 to 2034
Figure 48: Latin America Market Value (US$ Million) Analysis by Product, 2019 to 2034
Figure 49: Latin America Market Volume (Units) Analysis by Product, 2019 to 2034
Figure 50: Latin America Market Value Share (%) and BPS Analysis by Product, 2024 to 2034
Figure 51: Latin America Market Y-o-Y Growth (%) Projections by Product, 2024 to 2034
Figure 52: Latin America Market Attractiveness by End Use, 2024 to 2034
Figure 53: Latin America Market Attractiveness by Product, 2024 to 2034
Figure 54: Latin America Market Attractiveness by Country, 2024 to 2034
Figure 55: Western Europe Market Value (US$ Million) by End Use, 2024 to 2034
Figure 56: Western Europe Market Value (US$ Million) by Product, 2024 to 2034
Figure 57: Western Europe Market Value (US$ Million) by Country, 2024 to 2034
Figure 58: Western Europe Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 59: Western Europe Market Volume (Units) Analysis by Country, 2019 to 2034
Figure 60: Western Europe Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 61: Western Europe Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 62: Western Europe Market Value (US$ Million) Analysis by End Use, 2019 to 2034
Figure 63: Western Europe Market Volume (Units) Analysis by End Use, 2019 to 2034
Figure 64: Western Europe Market Value Share (%) and BPS Analysis by End Use, 2024 to 2034
Figure 65: Western Europe Market Y-o-Y Growth (%) Projections by End Use, 2024 to 2034
Figure 66: Western Europe Market Value (US$ Million) Analysis by Product, 2019 to 2034
Figure 67: Western Europe Market Volume (Units) Analysis by Product, 2019 to 2034
Figure 68: Western Europe Market Value Share (%) and BPS Analysis by Product, 2024 to 2034
Figure 69: Western Europe Market Y-o-Y Growth (%) Projections by Product, 2024 to 2034
Figure 70: Western Europe Market Attractiveness by End Use, 2024 to 2034
Figure 71: Western Europe Market Attractiveness by Product, 2024 to 2034
Figure 72: Western Europe Market Attractiveness by Country, 2024 to 2034
Figure 73: Eastern Europe Market Value (US$ Million) by End Use, 2024 to 2034
Figure 74: Eastern Europe Market Value (US$ Million) by Product, 2024 to 2034
Figure 75: Eastern Europe Market Value (US$ Million) by Country, 2024 to 2034
Figure 76: Eastern Europe Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 77: Eastern Europe Market Volume (Units) Analysis by Country, 2019 to 2034
Figure 78: Eastern Europe Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 79: Eastern Europe Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 80: Eastern Europe Market Value (US$ Million) Analysis by End Use, 2019 to 2034
Figure 81: Eastern Europe Market Volume (Units) Analysis by End Use, 2019 to 2034
Figure 82: Eastern Europe Market Value Share (%) and BPS Analysis by End Use, 2024 to 2034
Figure 83: Eastern Europe Market Y-o-Y Growth (%) Projections by End Use, 2024 to 2034
Figure 84: Eastern Europe Market Value (US$ Million) Analysis by Product, 2019 to 2034
Figure 85: Eastern Europe Market Volume (Units) Analysis by Product, 2019 to 2034
Figure 86: Eastern Europe Market Value Share (%) and BPS Analysis by Product, 2024 to 2034
Figure 87: Eastern Europe Market Y-o-Y Growth (%) Projections by Product, 2024 to 2034
Figure 88: Eastern Europe Market Attractiveness by End Use, 2024 to 2034
Figure 89: Eastern Europe Market Attractiveness by Product, 2024 to 2034
Figure 90: Eastern Europe Market Attractiveness by Country, 2024 to 2034
Figure 91: South Asia and Pacific Market Value (US$ Million) by End Use, 2024 to 2034
Figure 92: South Asia and Pacific Market Value (US$ Million) by Product, 2024 to 2034
Figure 93: South Asia and Pacific Market Value (US$ Million) by Country, 2024 to 2034
Figure 94: South Asia and Pacific Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 95: South Asia and Pacific Market Volume (Units) Analysis by Country, 2019 to 2034
Figure 96: South Asia and Pacific Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 97: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 98: South Asia and Pacific Market Value (US$ Million) Analysis by End Use, 2019 to 2034
Figure 99: South Asia and Pacific Market Volume (Units) Analysis by End Use, 2019 to 2034
Figure 100: South Asia and Pacific Market Value Share (%) and BPS Analysis by End Use, 2024 to 2034
Figure 101: South Asia and Pacific Market Y-o-Y Growth (%) Projections by End Use, 2024 to 2034
Figure 102: South Asia and Pacific Market Value (US$ Million) Analysis by Product, 2019 to 2034
Figure 103: South Asia and Pacific Market Volume (Units) Analysis by Product, 2019 to 2034
Figure 104: South Asia and Pacific Market Value Share (%) and BPS Analysis by Product, 2024 to 2034
Figure 105: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Product, 2024 to 2034
Figure 106: South Asia and Pacific Market Attractiveness by End Use, 2024 to 2034
Figure 107: South Asia and Pacific Market Attractiveness by Product, 2024 to 2034
Figure 108: South Asia and Pacific Market Attractiveness by Country, 2024 to 2034
Figure 109: East Asia Market Value (US$ Million) by End Use, 2024 to 2034
Figure 110: East Asia Market Value (US$ Million) by Product, 2024 to 2034
Figure 111: East Asia Market Value (US$ Million) by Country, 2024 to 2034
Figure 112: East Asia Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 113: East Asia Market Volume (Units) Analysis by Country, 2019 to 2034
Figure 114: East Asia Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 115: East Asia Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 116: East Asia Market Value (US$ Million) Analysis by End Use, 2019 to 2034
Figure 117: East Asia Market Volume (Units) Analysis by End Use, 2019 to 2034
Figure 118: East Asia Market Value Share (%) and BPS Analysis by End Use, 2024 to 2034
Figure 119: East Asia Market Y-o-Y Growth (%) Projections by End Use, 2024 to 2034
Figure 120: East Asia Market Value (US$ Million) Analysis by Product, 2019 to 2034
Figure 121: East Asia Market Volume (Units) Analysis by Product, 2019 to 2034
Figure 122: East Asia Market Value Share (%) and BPS Analysis by Product, 2024 to 2034
Figure 123: East Asia Market Y-o-Y Growth (%) Projections by Product, 2024 to 2034
Figure 124: East Asia Market Attractiveness by End Use, 2024 to 2034
Figure 125: East Asia Market Attractiveness by Product, 2024 to 2034
Figure 126: East Asia Market Attractiveness by Country, 2024 to 2034
Figure 127: Middle East and Africa Market Value (US$ Million) by End Use, 2024 to 2034
Figure 128: Middle East and Africa Market Value (US$ Million) by Product, 2024 to 2034
Figure 129: Middle East and Africa Market Value (US$ Million) by Country, 2024 to 2034
Figure 130: Middle East and Africa Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 131: Middle East and Africa Market Volume (Units) Analysis by Country, 2019 to 2034
Figure 132: Middle East and Africa Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 133: Middle East and Africa Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 134: Middle East and Africa Market Value (US$ Million) Analysis by End Use, 2019 to 2034
Figure 135: Middle East and Africa Market Volume (Units) Analysis by End Use, 2019 to 2034
Figure 136: Middle East and Africa Market Value Share (%) and BPS Analysis by End Use, 2024 to 2034
Figure 137: Middle East and Africa Market Y-o-Y Growth (%) Projections by End Use, 2024 to 2034
Figure 138: Middle East and Africa Market Value (US$ Million) Analysis by Product, 2019 to 2034
Figure 139: Middle East and Africa Market Volume (Units) Analysis by Product, 2019 to 2034
Figure 140: Middle East and Africa Market Value Share (%) and BPS Analysis by Product, 2024 to 2034
Figure 141: Middle East and Africa Market Y-o-Y Growth (%) Projections by Product, 2024 to 2034
Figure 142: Middle East and Africa Market Attractiveness by End Use, 2024 to 2034
Figure 143: Middle East and Africa Market Attractiveness by Product, 2024 to 2034
Figure 144: Middle East and Africa Market Attractiveness by Country, 2024 to 2034
The PET bottles and jars will lead the market, expected to accumulate a 31.5% revenue share in 2024
Food and Beverage is likely to be the leading end use segment, accumulating a 32.7% revenue share in 2024.
Plastic pollution and its harmful effects on health limit the growth of the market.
Increase in demand for PET package materials for packaging carbonated beverages drives the market.
Amcor Limited, CCL Industries, Inc., and Gerresheimer AG are the key market players.
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