What factors are driving growth in the PET bottles industry through 2034?
I came across some interesting numbers about the PET bottles industry. In 2024, it reached a valuation of USD 50.10 billion and is projected to grow at a CAGR of 3.9%, hitting around USD 73.45 billion by 2034.
I’m curious about what’s fueling this steady growth. Is it mainly increased demand from the beverage and packaging sectors? How are sustainability efforts and recycling technologies impacting the industry? Also, what challenges might manufacturers face as the industry expands?
Would love to hear insights from anyone involved in packaging, manufacturing, or environmental aspects of PET bottles!