In Q1 2025, the North American Polyethylene Terephthalate (PET) market followed a generally bullish trajectory, characterized by price hikes in January and February, then a slight pullback in March. In January, PET prices rose despite favorable feedstock dynamics, largely due to the anticipated strike by the International Longshoremen's Association slated for January 15. Fears of potential disruptions across the East and Gulf Coast ports drove up procurement activity, placing an upward pressure on prices.

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).

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.

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 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.

As of January 2023, pet product retail prices inflated more than online prices. Online prices of pet products went up by 10.5 percent, while retail price changes were slighly higher.t.

The price per unit in the 'Pet Food' segment of the food market in the United Kingdom was forecast to continuously increase between 2025 and 2030 by in total *** U.S. dollars (+***** percent). After the tenth consecutive increasing year, the price per unit is estimated to reach **** U.S. dollars and therefore a new peak in 2030. Notably, the price per unit of the 'Pet Food' segment of the food market was continuously increasing over the past years.Find more information concerning Worldwide and Mexico.The Statista Market Insights cover a broad range of additional markets.

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

Freeze-dried pet food was the most expensive type of specialized pet food in the United States. One pound of freeze-dried pet food would set consumers back over **** U.S. dollars in 2023. Frozen pet food ranked as the second most expensive category.

Explore the complex dynamics affecting polyethylene terephthalate (PET) prices, including raw material costs, global demand, recycling advancements, and trade policies, providing insights into the fluctuating market landscape in 2023.

Graph and download economic data for Producer Price Index by Industry: Dog and Cat Food Manufacturing: Dog Food (PCU3111113111111) from Dec 1985 to Jun 2025 about pets, food, manufacturing, PPI, industry, inflation, price index, indexes, price, and USA.

Learn about the factors that impact the price of PET resin, a recyclable thermoplastic polymer resin used to manufacture plastic containers, fibers, and films. Discover the projected growth of the global PET market and how it's influenced by demand-supply dynamics, raw material prices, energy costs, and technical specifications, among others.

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 June of 2025.

The price per unit in the 'Pet Food' segment of the food market in Japan was forecast to continuously increase between 2025 and 2030 by in total *** U.S. dollars (+**** percent). After the tenth consecutive increasing year, the price per unit is estimated to reach **** U.S. dollars and therefore a new peak in 2030. Notably, the price per unit of the 'Pet Food' segment of the food market was continuously increasing over the past years.Find further information concerning the revenue in the 'Milk' segment of the food market in Russia and the revenue in the food market in Sweden. The Statista Market Insights cover a broad range of additional markets.

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

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 Jun 2025 about pets, urban, food, consumer, CPI, price index, indexes, price, and USA.

Polyethylene rose to 7,320 CNY/T on July 23, 2025, up 0.19% from the previous day. Over the past month, Polyethylene's price has risen 0.19%, but it is still 11.41% lower than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. This dataset includes a chart with historical data for Polyethylene.

Graph and download economic data for Personal consumption expenditures: Pets, pet products, and related services (chain-type price index) (DPETRG3A086NBEA) from 1929 to 2023 about pets, chained, PCE, consumption expenditures, consumption, personal, services, GDP, price index, indexes, price, and USA.

Prepared Pet Foods Price Per Unit in Portugal, 2019 Discover more data with ReportLinker!