India PET Packaging Market Size To Hit US$ 1.8 Billion By 2028

According to IMARC Group’s latest report, titled “India PET Packaging Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028", the India PET packaging market size reached US$ 1.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 1.8 Billion by 2028, exhibiting a growth rate (CAGR) of 4.87% during 2023-2028.

Polyethylene terephthalate (PET) packaging is a type of plastic packaging used for various consumer products, such as food, beverages, pharmaceuticals, and personal care items. PET is a lightweight and durable material that is resistant to impact, moisture, and chemicals. It is also transparent and allows consumers to see the contents of the package. PET packaging is widely used as it is cost-effective and easy to manufacture. Consequently, it finds extensive applications across industries, such as food and beverage (B&V) and pharmaceuticals.

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India PET Packaging Market Trends:

The increasing demand for packaged foods and beverages represents a significant factor driving the market growth across India. In line with this, the increasing disposable income and changing consumer preferences are contributing to the growth of the market. The market is also driven by the expansion of e-commerce sector and the rise of organized retail. In addition to this, the convenience and durability offered by PET packaging, along with its cost-effectiveness and recyclability are further driving the market growth. Moreover, the rising focus of the Government of India (GoI) on promoting sustainable packaging and reducing plastic waste is driving the adoption of PET packaging, which, in turn, is boosting the growth of the market. Other factors, such as the expanding pharmaceutical industry, rising environmental consciousness, and the increasing use of PET packaging in the healthcare sector, are creating a positive outlook for the market across the country.

Key Market Segmentation:

The report has segmented the India PET packaging market based on packaging type, form, pack type, filling technology, end user and region.

Breakup by Packaging Type:

• Rigid Packaging
• Flexible Packaging

Breakup by Form:

• Amorphous PET
• Crystalline PET

Breakup by Pack Type:

• Bottles and Jars
• Bags and Pouches
• Trays
• Lids/Caps and Closures
• Others

Breakup by Filling Technology:

• Hot Fill
• Cold Fill
• Aseptic Fill
• Others

Breakup by End User:

• Beverages Industry
  • Bottled Water
  • Carbonated Soft Drinks
  • Milk and Dairy Products
  • Juices
  • Beer
  • Others
• Household Goods Sector
• Food Industry
• Pharmaceutical Industry
• Others

Breakup by Region:

• North India
• West and Central India
• South India
• East India

Competitive Landscape With Key Players:

The competitive landscape of the India PET packaging market has been studied in the report with the detailed profiles of the key players operating in the market.

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Key Highlights of the Report:

• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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