PET Containers Market Is Estimated To Witness High Growth Owing To Increasing Demand From Food And Beverage Industry
- Ronak Shah
- U.S.A
- January 13, 2025

The PET Containers Market is estimated to be valued at US$ 82.45 Bn or Billion in 2024 and is expected to exhibit a CAGR of 5.1% over the forecast period 2024-2031, as highlighted in a new report published by Coherent Market Insights.
The growth of the PET containers market is majorly driven by the increasing demand from the food and beverage industry. PET containers offer various advantages such as lightweight, shatterproof, and durability which makes it a preferred choice for packaging of food products and beverages. Moreover, PET containers can withstand heat better than other plastic containers such as HDPE which further fuel their demand in hot-filled food and beverage applications. PET containers are also 100% recyclable which adds to the sustainability quotient making them an environment-friendly option.
Key Market Trends:
Adoption of lightweight PET containers: PET containers manufacturers are focusing on development of lightweight PET containers without compromising on the material strength and quality. The lightweight PET containers require lesser PET raw materials in their production and also helps in reducing logistics cost for brand owners.
Recyclable & Biodegradable PET containers: With the rising focus on sustainability, PET container manufacturers are involved in developing recyclable and biodegradable PET containers. Biodegradable PET containers will break down into water and carbon dioxide if disposed of properly. This helps in resolving the landfill and plastic waste issues to some extent. More coverage can be found in the sample copy.
Market Opportunities
The nicotine gum market by container type is segmented into cartons and blisters. The blisters segment is expected to hold the dominant position over the forecast period. Blister packs offer protection and hygiene to gum pieces compared to cartons. Blister packs prevent the gum pieces from damage and contamination. Thus, manufacturers prefer blister packs for nicotine gums which is driving the growth of this segment.
The application segment of the nicotine gum market includes withdrawal clinics, weight loss, and other applications. The withdrawal clinics segment is anticipated to hold the dominant position owing to increasing number of people quitting smoking and opting for nicotine replacement therapy. Nicotine gums are majorly used by people who want to quit smoking in withdrawal clinics.
Key Market Takeaways
The global nicotine gum market is anticipated to witness a CAGR of 7.2% during the forecast period 2024-2031, owing to rising number of people quitting smoking and opting for nicotine replacement therapy.
On the basis of container type, blisters segment is expected to hold a dominant position, owing to blister packs offering protection and hygiene to gum pieces compared to cartons.
By application, withdrawal clinics segment is expected to hold a dominant position over the forecast period, due to increasing number of people quitting smoking and opting for nicotine replacement therapy in withdrawal clinics.
Regionally, North America is expected to hold a dominant position over the forecast period, due to rising health awareness among people and stringent regulations regarding smoking in the region.
Competitor Insights:
Amcor Plc
Berry Global Inc
Sonoco Products Company
WestRock Company
Mondi Group
Sealed Air Corporation
DS Smith PLC
Packaging Corporation of America
Nampak Ltd
Smurfit Kappa Group PLC
Recent Developments in PET Containers Market
While PET remains the dominant plastic for packaging, some brand owners and retailers are investing in fully recyclable and compostable packaging alternatives made from renewable feedstocks. One such innovation is plant-based PEF(polyethylene furanoate) which provides similar barrier and mechanical properties as PET but is 100% recyclable and compostable. PEF resin and bottles are being piloted by major beverage makers and several new production plants are scheduled to start commercial production by 2024. Another alternative is biodegradable bio-PET made using enzymatic recycling process which can be recycled and also composted at industrial facilities. Yet another compostable packaging being tested is PLA(polylactic acid) made from corn or sugar sources. While recyclable bio-based options are still expensive compared to virgin PET, their adoption is expected to grow by 2024 with scaling up of production capacities.
The food and beverage industry has seen tremendous growth in the last few years and this growth is expected to continue in the coming years as well. PET containers are widely used for packaging various food and beverage products like bottled water, carbonated soft drinks, juices, sauces, edible oils, and others. According to a recent report by Market Research Firm, the global food and beverage packaging market size was valued at USD 440 billion in 2020 and is projected to reach USD 670 billion by 2028, growing at a CAGR of 5.3% from 2021 to 2028. Full coverage of the report available here.