Why did the Polyethylene Terephthalate Price Change in July 2025? North American Polyethylene Terephthalate (PET) Price registered a bearish trend in the Q2 2025 especially in the US market where it declined by 5.7%, settling at USD 1117/MT FAS Houston in June.

The global price of polyethylene terephthalate (PET) in 2022 was ******* U.S. dollars per metric ton, showing an increase from the previous year's value of ******* U.S. dollars per metric ton. PET is extensively used in the textile industry to make polyester fibers, as well as for various packaging applications like beverage bottles, food containers, and personal care products. PET market outlook This increase in the global price of PET coincides with a rise in the market value of PET worldwide, which reached ***** billion U.S. dollars in 2022, up from ***** billion U.S. dollars in 2021. The market value is projected to continue growing, reaching an estimated ***** billion U.S. dollars by 2030. This growth in market value is reflective of the increasing demand for PET, with the global market volume of PET reaching ***** million metric tons in 2022, up from ***** million metric tons in 2015. Environmental footprint of PET and bioplastic PET PET is a widely used plastic with various applications, but its production and usage come with environmental concerns. Although it is entirely recyclable, traditional PET is derived from non-renewable resources and is not biodegradable, contributing to plastic pollution and resource depletion. In response, there has been growing interest in bioplastic PET, which is made from renewable resources and is biodegradable. However, despite its potential benefits, there is a forecasted decline in the production capacity of bioplastic PET. In 2023, the production capacity stood at ***, but it is forecasted to drop to *** by 2028. While bioplastic PET is made from renewable resources and is biodegradable, it still has some environmental downsides. For instance, the production process for bioplastic PET can be energy-intensive and water-consuming, and the biodegradation process may release methane, a potent greenhouse gas. As a result, some companies are exploring even more sustainable bioplastic alternatives, such as plant-based materials like polylactic acid (PLA) or fully biodegradable plastics like polyhydroxyalkanoates (PHA).

Why did the R-PET Price Change in July 2025? The R-PET Spot Price in the USA exhibited a largely stable trend throughout Q2 2025, with minor fluctuations observed in April and July linked to seasonal restocking from beverage manufacturers.

Get comprehensive insights into the Polyethylene Terephthalate market, with a focused analysis of the Polyethylene Terephthalate price trend across Asia, Europe, North America, Latin America, and the Middle East Africa.

In the 52 weeks ending on June 16, 2024, the pet food product with the most significant price per unit increase was semi/moist cat food, with about **** percent. The two products with the lowest cost per unit increase were dog and cat treats, and wet dog food.

The price per unit in the 'Pet Food' segment of the food market worldwide was modeled to be **** U.S. dollars in 2024. Following a continuous upward trend, the price per unit has risen by **** U.S. dollars since 2018. Between 2024 and 2030, the price per unit will rise by **** U.S. dollars, continuing its consistent upward trajectory.Further information about the methodology, more market segments, and metrics can be found on the dedicated Market Insights page on Pet Food.

As of January 2023, pet product retail prices inflated more than online prices. Online prices of pet products went up by **** percent, while retail price changes were slighly higher.t.

Graph and download economic data for Consumer Price Index for All Urban Consumers: Pet Food and Treats in U.S. City Average (CUUR0000SS61031) from Dec 1997 to Jul 2025 about pets, food, urban, consumer, CPI, price index, indexes, price, and USA.

The R-PET market in North America remained largely stable throughout Q1 2025. Especially in USA, during January, market participants observed consistent procurement activity, especially from the packaging sector, with prices maintaining steady levels due to sufficient domestic supply and a favourable recycling landscape. By February, downstream offtakes continued at a moderate pace, supported by state-level sustainability mandates. However, competition from lower-priced virgin PET limited any major price growth.

Get the latest insights on price movement and trend analysis of Recycled PET in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).

In the 52 weeks ending on August 7, 2022, the pet food product with the most significant price per unit was dry dog food, at about ** U.S. dollars. Notably, dry cat food was nearly ***** U.S. dollars cheaper per unit. The products with the lowest prices per unit were dog and cat treats.

The global polyethylene terephthalate (PET) market was valued at ***** billion U.S. dollars in 2022. The global PET market is expected to reach a value of ***** billion U.S. dollars by 2029, registering a CAGR of *** percent during the forecast period of 2023 to 2030.

Graph and download economic data for Producer Price Index by Commodity: Processed Foods and Feeds: Pet Food (WPU029402) from Sep 1985 to Jul 2025 about pets, processed, food, commodities, PPI, inflation, price index, indexes, price, and USA.

Find out the common costs of acquiring a pet, and keeping them healthy in Budget Direct’s latest survey into Australian pet ownership.

Graph and download economic data for Harmonized Index of Consumer Prices: Pets and Related Products; Veterinary and Other Services for Pets for European Union (27 Countries from 2020) (CP0934EU272020M086NEST) from Dec 2000 to Jun 2025 about veterinary, pets, EU, harmonized, Europe, production, services, CPI, price index, indexes, and price.

Euro Area - Harmonised index of consumer prices (HICP): Pets and related products; veterinary and other services for pets was 131.65 points in July of 2025, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Euro Area - Harmonised index of consumer prices (HICP): Pets and related products; veterinary and other services for pets - last updated from the EUROSTAT on August of 2025. Historically, Euro Area - Harmonised index of consumer prices (HICP): Pets and related products; veterinary and other services for pets reached a record high of 131.65 points in July of 2025 and a record low of 77.69 points in July of 2000.

United States - Personal consumption expenditures: Pets, pet products, and related services (chain-type price index) was 127.00700 Index 2009=100 in January of 2023, according to the United States Federal Reserve. Historically, United States - Personal consumption expenditures: Pets, pet products, and related services (chain-type price index) reached a record high of 127.00700 in January of 2023 and a record low of 6.75700 in January of 1933. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Personal consumption expenditures: Pets, pet products, and related services (chain-type price index) - last updated from the United States Federal Reserve on July of 2025.

Detailed Price metrics and analytics for Fren Pet, including historical data and trends.

The price of Dog And Cat Food in June 2023 was $2,425 per ton (CIF, Spain), showing no significant change compared to the previous month.

Full Price Pet Food Market Outlook

The global market size for full price pet food was valued at approximately USD 98.3 billion in 2023 and is projected to reach USD 146 billion by 2032, growing at a compound annual growth rate (CAGR) of 4.5%. This growth is driven by increasing pet ownership, rising disposable incomes, and a growing trend towards premiumization and humanization of pet food products.

One of the primary growth factors in the full price pet food market is the rising pet ownership rate globally. As urbanization continues to increase, more families and individuals are opting for pets to provide companionship. This surge in pet ownership has led to a corresponding rise in the demand for pet food products, particularly premium varieties that offer better nutrition and health benefits. Additionally, the increasing awareness about pet health and nutrition among pet owners has driven the demand for high-quality, full price pet food products.

Another significant factor contributing to the market's growth is the rise in disposable incomes, particularly in emerging economies. As middle-class populations expand and economic conditions improve, consumers have more financial resources to spend on their pets. This has led to a growing trend of premiumization in the pet food industry, where consumers are willing to pay higher prices for superior quality products that promise better health benefits for their pets. Furthermore, innovations in pet food formulations, such as the inclusion of organic and natural ingredients, have also played a crucial role in driving the market.

The increasing trend towards humanization of pets is also a crucial driver for the full price pet food market. Pet owners are increasingly treating their pets as family members and are more inclined to purchase products that reflect this sentiment. This trend has led to a surge in demand for premium and gourmet pet food products that are not only nutritious but also cater to the taste preferences of pets. Additionally, the focus on sustainability and ethical sourcing of ingredients has also influenced the market, with consumers preferring products that align with their values.

Regionally, North America and Europe dominate the full price pet food market, driven by high pet ownership rates, strong disposable incomes, and a well-established pet food industry. However, Asia Pacific is expected to witness the fastest growth during the forecast period, with countries like China and India leading the charge due to their rapidly growing middle-class populations and increasing urbanization. The rising awareness about pet health and the availability of a wide range of pet food products in these regions are also contributing to the market's growth.

Product Type Analysis

The full price pet food market is segmented into various product types, including dry food, wet food, treats and snacks, and others. Each segment plays a crucial role in meeting the diverse nutritional needs and preferences of pets. Dry food continues to dominate the market due to its convenience, longer shelf life, and cost-effectiveness. It is particularly favored by dog owners as it aids in dental health and is easy to store and handle. Additionally, dry food is formulated to provide a balanced diet with essential nutrients, vitamins, and minerals.

Wet food, on the other hand, is gaining popularity, especially among cat owners. The high moisture content in wet food helps to keep pets hydrated and is often more palatable, making it an excellent choice for picky eaters. Wet food also tends to have a higher protein content, which is beneficial for maintaining muscle health. However, the shorter shelf life and higher cost compared to dry food are potential drawbacks that may limit its widespread adoption.

Treats and snacks are another vital segment within the full price pet food market. This segment has seen significant growth as pet owners increasingly use treats for training, rewarding, and bonding with their pets. The demand for healthy and functional treats, such as dental chews, has also risen, driven by the growing focus on pet health and wellness. Additionally, innovative products like grain-free and allergen-free treats cater to the specific dietary needs of pets with food sensitivities.

The "Others" category includes specialized products such as dietary supplements, therapeutic diets, and customized pet food formulations. This segment caters to pets with specific health conditions or dietary requirements, such as weight management, digestive