Rapid expansion of the Indian PET market is fueled by the escalating need in packaging, textiles, and eco-friendly options. PET, a versatile thermoplastic polymer, is foundational in many sectors such as food and drink packaging, textiles, and other consumable goods. Growth in the
India Polyethylene Terephthalate market is anticipated by 2025 in both volume and share on account of robust consumer demand, supportive government policies, and improved recycling technology.
- Rising Demand for PET In Packaging
Market growth is mainly driven by the demand for PET, especially in packaging applications. PET's strength, light weight, durability, and food/beverage preservation properties increase its value. These attributes render it ideal for the production of bottles, containers, and packaging films. With India’s expanding consumer population due to rising disposable income and shifts in lifestyle, demand for packaged goods will continue to grow, especially in the beverage sector.
In addition, the expansion of the e-commerce sector in India will provide further prospects for PET packaging due to an increase in online orders for goods that need protective and environmentally friendly packaging. As more businesses seek PET for their packaging requirements, the Indian PET market share will grow.
- Increasing Attention of Companies towards Sustainability and Recycling
Sustainability is a new concern in India, especially due to the vigorous impacts of environmental pollution and the damaging plastic waste. PET is gaining popularity as a sustainable plastic since it commonly used plastics. The Indian government and industrialists are working towards increasing the recycling rate along with the initiatives aimed at reducing plastic waste and the consumption of Recycled PET (PET). Through these efforts, India will strengthen its position in circular economy practices. This will boost the demand for PET as more companies will need access to it to comply with regulations and environmental standards.
Sustainability issues are becoming more broadly accepted by the general public, which in turn affects their purchasing decisions. The companies’ PET adoption to comply with their corporate social responsibility (CSR) policies because customers are more concerned about social issues is beneficial to the sustained use of PET. The government’s initiatives to manage waste plastic are July 2021, intended to push for an increase in the market share of PET in India.
- Growing the Textile and Fiber Industry
Apart from its use in containers, PET is becoming increasingly popular in the textile industry for the production of fibers for garments, upholstery, and household textiles. The rising demand for synthetic and low-cost textiles in India, due to the growth of retail and fashion industries, is aiding in the increased consumption of PET fibers. Strength, durability, and ease of maintenance are some of the characteristics that make PET-based textiles highly sought after in the market.
With the growing Indian textile industry, the supply of PET fibers is anticipated to grow tremendously. By 2025, PET will likely have a greater share of the textile market due to widened scope of innovation in manufacturing PET products as well as an increased variety of textiles produced from PET.
- Innovations and Advances in Manufacturing Processes
Technological innovations in PET production are another very important factor contributing to growth in the market. Some Indian producers are incorporating new methods that save energy and reduce the costs of producing PET, enhancing its quality and price, to the market. Advanced technologies for PET resins, such as the new Ultra Clear PET, are likely to open new avenues for the use of PET in the automotive, electronics, and pharmaceutical industries.
- Market Outlook for Size & Share in 2025
For 2025, the India PET market is expected to grow significantly both in size and share. With the consumer demand, governmental policies, and the packaging, textile, and recycling industries growing in India, the PET market will reap the benefits. The PET market will have accelerating dominance across industries as India moves towards adopting technological advancements, innovations, and practices that are more sustainable.
Company Name: GMI RESEARCH
Address: Dublin, Ireland
GMI Research – Consulting & Market Research
