Key Trends Shaping the Future of India PET Resins Market [2029]
India PET Resins Market has reached 1.15 million tonnes by 2023 and is anticipated to project robust growth in the forecast period with a CAGR of 4.75% through 2029. PET, also known as Polyethylene Terephthalate, is a thermoplastic polymer resin that belongs to the polyester family. In India, PET has emerged as the top choice in the packaging sector due to its exceptional rigidity, eco-friendly attributes, and recyclable nature. The demand for PET in the packaging of food and beverages has seen a significant rise, especially after the sudden outbreak of the Coronavirus in the final quarter of FY 20. This surge in demand can be attributed to the increasing awareness of hygiene, leading to a greater procurement of disposable and packaged items in order to minimize the risk of infection. Furthermore, in the rapidly expanding Indian pharmaceutical sector, PET bottles have gained preference over aluminum and glass packaging due to their high-quality standards and ...