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  Industry Insight Globally, it has been found that the pet packaging market grows at a CAGR value of nearly equal to 4.90% during the market forecast period of 2022 to 2030. Top Impacting Factors As per MRFR, the growing reputation of lightweight packaging will have an encouraging impact on the market and add to its growth significantly over the forecast period. Lightweight packaging is both cost-effective and recyclable. Besides, glass packaging solutions are heavier and thus lead to a surge in the cost of transportation. Thus, the end-users are moving toward the adoption of PET packaging. In fact, various manufacturers are also investing heavily in the development of lighter PET materials for packaging. Thus, the growing popularity of PET packaging is expected to drive the growth of the  PET packaging market   during the forecast period. Owing to these properties, PET packaging is valuable among other packaging materials and making the market more strong among other packaging compet