The PET Packaging Market size is estimated at USD 71.23 billion in 2024, and is expected to reach USD 94.02 billion by 2029, growing at a CAGR of 5.71% during the forecast period (2024-2029).
The increasing demand for environmentally friendly packaging solutions and the outstanding properties of PET are expected to drive the growth of the global PET packaging market over the forecast period.
The PET packaging market is fragmented and consists of several major players, such as Amcor Ltd, Gerresheimer AG, Berry Global Group Inc., Silgan Holdings Inc., and Resilux NV. These market players with a significant market share are concentrating on growing their international consumer base. These businesses use tactical joint ventures to raise their market share and profitability. For instance,
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