PET Containers Market

PET is an abbreviation for polyethylene terephthalate, which is the chemical name for polyester. PET is a clear, strong, and lightweight plastic widely used in the packaging of foods and beverages, particularly convenience-sized soft drinks, juices, and water. PET is a highly valued packaging material due to its strength while remaining lightweight, non-reactive nature, low-cost, and shatterproof nature. The safety of PET for food, beverage, personal care, pharmaceutical, and medical applications is acknowledged by health authorities worldwide.

PET pellets are formed by combining the basic building blocks of ethylene glycol and terephthalic acid. These resin pellets are then heated until they become a molten liquid that can be easily extruded or molded into almost any shape. The PET container market is divided into three segments based on end use: food and beverage, pharmaceuticals, and other chemicals.

Some of the most recent trends in the global PET container market include the development of new types of containers such as aerosols, micro-emulsions, and capsules; increased awareness of the benefits of using recycled materials; increased usage of PET plastic films across various industries; expansion of recycling infrastructure across various countries; and increased awareness of environmental issues associated with disposable plastic products.

The global PET container market is expected to grow at a **% CAGR to USD XX billion by 2031, owing to rising demand from the petroleum and chemical industries, food and beverage industries, electronics and automotive industries, and others.

Amcor Ltd., Resilux NV, Gerresheimer AG, Berry Global Group Inc., and Silgan Holdings Inc. are some of the key players in the global PET container market.