Polyethylene terephthalate also known as PET, is the common thermoplastic polymer resin of the polyester family. This type of PET is largely used in the production of fibers which finds wide applications in the manufacture of containers, clothing and thermoforming. PET are of two types, virgin and recycle. Rapidly growing popularity of PET among consumers due to rise in preference for packaged and convenience food across the world is increasing, which in turn is propelling the growth of polyethylene terephthalate market. Light weight and unbreakable properties of PET is dominating the market in the over the following decade.

Increasing demand for bottled water is projected to be the key driver for global PET market growth. With the rise in health awareness and easy availability of bottled water, the consumption of bottle water is increasing. PET water bottles are easy to handle, non-breakable and light weight and can be recycled to variety of products such as door panels, winter coats, sheets, industrial strapping, automobile parts and fibers. Technological advancement coupled with increase in demand from various end use industries, such as packaging, automobiles and electronics has fueled the growth of the global polyethylene terephthalate (PET) market in the following years.

Market Dynamics

Based on application, food & beverages application accounted for the largest market share in terms of revenue and contributed 80.3% in 2021. The segment growth is majorly driven by the rising demand for food along with increasing application of Polyethylene Terephthalate in the packaging of the food products.

Among region, Asia Pacific accounted for the largest revenue share in 2021 and contributed a revenue share of 48% in 2021, followed by Europe and North America.

Key features of the study:

• This report provides in-depth analysis of Global Polyethylene Terephthalate market and provides market size (US$ Billion and Kilo Tons) and cumulative annual growth rate (CAGR %) for the forecast period (2023-2030), considering 2022 as the base year
• It elucidates potential revenue opportunities across different segments and explains an attractive investment proposition matrix for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategy adopted by the leading players
• It profiles leading players in the global polyethylene terephthalate (PET) market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
• Key companies covered as a part of this study include Alpek S.A.B de C.V., RTP Company, BASF SE, The Dow Chemicals Company, Jiangsu Sanfangxiang Group, Indorama Ventures, M&G Chemicals, Nan Ya Plastics Corporation, Far Eastern New Century, and Quadrant AG.
• Insights from this report would allow marketers and the management authorities of the companies to make informed decision regarding their future product launches, technology upgrade, market expansion, and marketing tactics
• The global Polyethylene Terephthalate market report caters to various stakeholders in this industry including investors, suppliers, Polyethylene Terephthalate (PET) manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the Polyethylene Terephthalate (PET) market

Detailed Segmentation:

• Global Polyethylene Terephthalate Market, By Product Type:
  • Carbonated Soft Drink
  • Bottled Water
  • Other Drinks
  • Sheets & Films
  • Food
  • Non-Food
• Global Polyethylene Terephthalate Market, By Application:
  • Food & Beverages
  • Automotive
  • Electronics
  • Others
• Global Polyethylene Terephthalate Market, By Region:
  • North America
    • U.S.
  • Latin America
    • Mexico
    • Brazil
    • Argentina
    • Rest of Latin America
  • Europe
    • EU
    • Nordic
    • Russia
    • Ukraine
    • Poland
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • OCEANIA
  • Middle East & Africa
    • Turkey
    • South Africa
    • Rest of Middle East & Africa
• Company Profiles
  • Alpek S.A.B de C.V.*
  • Company Overview
  • Product Portfolio
  • Financial Performance
  • Key Strategies
  • Recent Developments
  • Future Plans
  • RTP Company
  • BASF SE
  • The Dow Chemicals Company
  • Jiangsu Sanfangxiang Group
  • Indorama Ventures
  • M&G Chemicals
  • Nan Ya Plastics Corporation
  • Far Eastern New Century
  • Quadrant AG.

“*” marked represents similar segmentation in other categories in the respective section