The India Polyethylene Terephthalate (PET) bottle grade market has grown significantly in the past years and reached 1285 thousand tonnes in FY2023 and is expected to further grow at a steady CAGR of 5.14% during the forecast period until FY2034.
Polyethylene terephthalate (PET), a highly versatile polymer, finds widespread applications across diverse industries due to its exceptional properties. In the packaging sector, PET is a preferred material for bottling beverages like water, soft drinks, and juices, owing to its transparency, lightweight nature, and robust mechanical attributes. One of the primary drivers is the flourishing packaging industry in India. The PET market benefits significantly from the packaging sector's robust expansion, where PET's unique attributes, including transparency, lightweight nature, and exceptional mechanical properties, position it as the material of choice.
Notably, PET is widely preferred for packaging applications, particularly in the bottling of beverages such as water, soft drinks, and juices. The demand for PET bottles in India is experiencing significant growth. This surge is attributed to several factors, including the expanding beverage and packaged water industries, increased consumer preference for convenience, and the rising awareness of health and hygiene. PET (polyethylene terephthalate) bottles are widely used for packaging beverages, edible oils, pharmaceuticals, and personal care products due to their lightweight, durability, and cost-effectiveness. The burgeoning middle-class population, urbanization, and a shift towards packaged and on-the-go products are driving the demand for PET bottles as a preferred packaging solution. Additionally, advancements in manufacturing technologies and recycling initiatives contribute to the sustainability and attractiveness of PET bottles in the Indian market. The versatile nature of PET bottles makes them a popular choice among manufacturers, reflecting a growing trend in India's packaging industry. The packaging industry's reliance on PET as a packaging material contributes significantly to the market's upward trajectory. Furthermore, the increasing demand for PET in medical applications is another noteworthy driver. As India's economy continues to evolve, the PET market is well-positioned to play a pivotal role in various industries, driven by its versatility and adaptability to diverse applications. Owing to these reasons, the India Polyethylene Terephthalate (PET) market is estimated to reach approximately 2230 thousand tonnes by FY2034.
Based on the region, the Polyethylene Terephthalate (PET) market is segmented into West, South, North, and South. In the historic period of FY2015-FY2023, West India has been dominating the market and held about 44% of the Polyethylene Terephthalate (PET) market in FY2023.
Based on end-use, the India Polyethylene Terephthalate (PET) market is segregated into Carbonated Soft Drinks, Water Bottles, Liquor Bottles, Pharma Bottles, Others. Among these, Carbonated Soft Drinks is the key application. This industry holds approximately 30% of the India Polyethylene Terephthalate (PET) market in FY2023.
Major players in the India Polyethylene Terephthalate (PET) market are Ester Industries Ltd, JBF Industries, IVL Dhunseri Petrochem Industries Private Limited (formerly Mikro PolyPet Pvt Ltd), Indo Rama Synthetics Ltd (IRSL), Chiripal Poly Films, Reliance Industries Ltd, and Others. Global players include lfa S.A.B. de C.V., China Petroleum & Chemical Corporation, China Resources (Holdings) Co., Ltd., and Far Eastern New Century Corporation.
Years considered for this report:
Historical Period: FY2015-FY2022
Base Year: FY2023
Estimated Year: FY2024
Forecast Period: FY2025- FY2034
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Objective of the Study:
• To assess the demand-supply scenario of Polyethylene Terephthalate (PET) which covers production, demand and supply of Polyethylene Terephthalate (PET) market in India.
• To analyse and forecast the market size of Polyethylene Terephthalate (PET) in India.
• To classify and forecast India Polyethylene Terephthalate (PET) market based on end-use and regional distribution.
• To examine competitive developments such as expansions, green field projects/ brown field expansions. mergers & acquisitions, etc., of Polyethylene Terephthalate (PET) market in India.
To extract data for India Polyethylene Terephthalate (PET) market, primary research surveys were conducted with Polyethylene Terephthalate (PET) manufacturers, suppliers, distributors, wholesalers and Traders. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various segments and projected a positive outlook for India Polyethylene Terephthalate (PET) market over the coming years.
ChemAnalyst calculated Polyethylene Terephthalate (PET) demand in India by analysing the volume of Polyethylene Terephthalate (PET) consumed by the end-user industries and the forecast is calculated based on the growth rate of end-use industries. ChemAnalyst sourced these values from industry experts and company representatives and externally validated them by analyzing the historical sales data of respective manufacturers to determine the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
• Polyethylene Terephthalate (PET) manufacturers and other stakeholders
• Organizations, forums and alliances related to Polyethylene Terephthalate (PET) distribution
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Polyethylene Terephthalate (PET) manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years, thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope:
In this report, India Polyethylene Terephthalate (PET) market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Attribute
Details
Market size Volume in FY2023
1285 thousand tonnes (Bottle grade market)
Market size Volume by FY2034
2230 thousand tonnes (Bottle grade market)
Growth Rate
CAGR of 5.14% from FY2024 to FY2034
Base year
FY2023
Estimated year
FY2024
Historic Data
FY2015 – FY2022
Forecast period
FY2025 – FY2034
Quantitative units
Demand in thousand tonnes and CAGR from FY2024 to FY2034
Report coverage
Industry Market Size, Capacity by Company, Capacity by Location, Operating Efficiency, Production by Company, Demand by End- Use, Demand by Region, Demand by Sales Channel, Demand-Supply Gap, Company Share, Foreign Trade, Manufacturing Process.
Segments covered
By End-Use: (Carbonated Soft Drinks, Water Bottles, Liquor Bottles, Pharma Bottles, Others)
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Market Data & Insights
Table of Content
1. Industry Market Size
It is an essential metric for market analysis, as it provides insights into the overall size and growth potential of the Polyethylene Terephthalate (PET) market in terms of value and volume.
2. Capacity By Company
On our online platform, you can stay up to date with essential manufacturers and their current and future operation capacity on a practically real-time basis for Polyethylene Terephthalate (PET).
3. Capacity By Location
To better understand the regional supply of Polyethylene Terephthalate (PET) by analyzing its manufacturers' location-based capacity.
4. Plant Operating Efficiency
To determine what percentage manufacturers are operating their plants or how much capacity is being currently used.
5. Production By Company [Quarterly Update]
Study the historical annual production of Polyethylene Terephthalate (PET) by the leading players and forecast how it will grow in the coming years.
6. Demand by End- Use [Quarterly Update]
Discover which end-user industry (Carbonated Soft Drinks, Water Bottles, Liquor Bottles, Pharma Bottles, Others) are creating a market and the forecast for the growth of the Polyethylene Terephthalate (PET) market.
7. Demand by Region
Analyzing the change in demand of Polyethylene Terephthalate (PET) in different regions across India, i.e., Northern India, Southern India, Eastern India, Western India, that can direct you in mapping the regional demand.
8. Demand by Sales Channel (Direct and Indirect)
Multiple channels are used to sell Polyethylene Terephthalate (PET). Our sales channel will help in analyzing whether distributors and dealers or direct sales make up most of the industry's sales.
9. Demand-Supply Gap
Determine the supply-demand gap to gain information about the trade surplus or deficiency of Polyethylene Terephthalate (PET).
10. Company Share
Figure out what proportion of the market share of Polyethylene Terephthalate (PET) is currently held by leading players across India.
11. Country-wise Export
Get details about quantity of Polyethylene Terephthalate (PET) exported by major countries.
12. Country-wise Import
Get details about quantity of Polyethylene Terephthalate (PET) imported by major countries.
13. Manufacturing Process
Discover insights into the intricate manufacturing process of Polyethylene Terephthalate (PET).
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What is the estimated India market size of Polyethylene Terephthalate (PET) in terms of volume for FY2034?
Ans:
The India market size of Polyethylene Terephthalate (PET) is estimated to reach approximately 1285 thousand tonnes by FY2034.
Q2.
Which end-use industries are dominating the India Polyethylene Terephthalate (PET) market?
Ans:
The Carbonated Soft Drinks, Water Bottles, Liquor Bottles, and Pharma Bottles are the major consumers of Polyethylene Terephthalate (PET) in India.
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