8 NEWS PETplanet Insider Vol. 26 No. 10/25 www.petpla.net Growing beverage packaging market to hit $221.5 billion by 2032, report finds Global market research company Meticulous Research published a research report titled, ‘Beverage Packaging Market by Material Type (Plastic, Glass, Carton & Paperboard), Packaging Type (Bottles & Jars, Cans, Tetra Packs), Beverage Formulation, Beverage Type (Alcoholic Beverages and Non-alcoholic Beverages), and Geography – Global Forecast to 2032.’ According to this latest publication, the beverage packaging market is expected to reach $221.5 billion by 2032, at a CAGR of 4.9% from 2025-2032. The growth momentum in beverage packaging is primarily propelled by the increasing consumption of ready-to-drink (RTD) beverages, the study finds, including alcoholic and non-alcoholic variants. These products cater to fast-paced lifestyles favouring convenience, portability, and singleserve formats such as cans, PET bottles, tetra packs, and pouches. The growth of diverse retail channels, rising demand for health-focused beverages, and advances in fill-finish processes are driving demand for customised, efficient packaging, supporting a projected CAGR of 4.9 % through 2032, according to the market research company. Sustainability is driving beverage packaging innovation, with companies shifting from conventional plastics to biodegradable alternatives; recycling and circular economy principles are reshaping design through monomaterials or refillable containers, and wider use of aluminium, paper, and recycled plastics. Regional leaders in the market through 2032 Asia-Pacific stands out as the dominant region in the beverage packaging market over the next decade, expected to capture more than 39% market share in 2025. This dominance is largely due to rapid urbanisation, populat ion growth, and evolving consumer lifestyles that prioritise convenience and premium beverage options. North America and Europe continue to be significant markets, driven by mature retail infrastructures and strong commitments to sustainability regulations. www.meticulousresearch.com Plastics Recyclers Europe warns of recycling plant shutdown The European plastics recycling industry is “facing imminent collapse” due to a surge in cheap imports, shrinking demand for EU-made recyclates, rising economic pressures, and excessive red tape, according to industry organisation Plastics Recyclers Europe (PRE). In a recent warning, PRE said that by the end of 2025, Europe is expected to have lost nearly one million tonnes of recycling capacity compared with 2023. Between January and July 2025 alone, almost as much capacity disappeared as during the whole of 2024 – three times the level seen in 2023. The Netherlands, Germany, and the United Kingdom have been among the hardest-hit markets. The organisation described the trend as “proof of the damaging effects of the recession” on the sector, noting that for the first time in years, forecasts point to zero net growth. PRE warned this signals a critical slowdown in Europe’s transition toward a circular economy. To avoid further closures, the group is urging policymakers to act quickly by introducing trade and market defence mechanisms, ensuring consistent extended producer responsibility (EPR) rules across member states, and strictly enforcing certification and penalties for non-compliant materials. PRE also called for cheaper access to clean energy, streamlined permitting procedures, stronger customs controls, and investment incentives to restore competitiveness. According to PRE, without decisive action, Europe risks undoing a decade of environmental progress and jeopardising its climate targets. “The collapse of the European plastics recycling sector would cause irreversible damage to the environmental progress and innovation achieved over the past decade, jeopardising the achievement of the EU’s climate goals and its long-term competitiveness,” states the organisation. www.plasticsrecyclers.eu New IMARC report: Australia’s PET bottle market to reach USD487.8m by 2033 The Australian PET bottle market, valued at USD380 million in 2024, is projected to reach USD487.8 million by 2033, according to a new report from IMARC Group, ‘Australia PET Bottle Market Size, Share, Trends and Forecast by Capacity, Colour, Technology, Distribution Channel, End Use, and Region, 2025-2033’. This represents a compound annual growth rate of 2.8% between 2025 and 2033. The report identifies rising demand for bottled water and functional beverages, supported by health-conscious consumers and tourism, as a major driver of PET bottle consumption. Sustainability is another central theme, with regulatory initiatives such as Australia’s Packaging Covenant and container deposit schemes pushing beverage and FMCG companies toward recyclable and recycled PET. Technological advances in lightweighting, barrier properties and bio-based PET are also contributing to market growth, as are investments in smart packaging features such as QR-coded bottles for traceability and consumer engagement. The study provides forecasts by capacity, colour, technology, distribution channel, and end use, and highlights regional trends across the country. www.imarcgroup.com
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