POLYETHYLENE TEREPHTHALATE (PET) MARKET ANALYSIS

Polyethylene Terephthalate (PET) Market, By Product Type (Carbonated Soft Drink, Bottled Water, Other Drinks, Sheets & Films, Food, Non-Food), By Application (Food and Beverages, Automotive, Electronics, and Others), and By Regions (North America, Latin America, Europe, Asia Pacific, Middle East & Africa (MEA) -

Recent Developments

In June 2022, BASF, packaging machinery OEM Bobst, and film expert Evertis supported Sulayr in the formation of a strategic partnership combining expertise from across the entire packaging value chain. Their collaborative contributions were key to the success of this impressive recycling process and its potential for adoption on a larger scale.
In February 2022, Alpek, S.A.B. de C.V, a Mexican chemical manufacturing company has announced that it has signed an agreement to acquire OCTAL Holding SAOC, a company operating within the materials sector. This acquisition forward-integrates Alpek into the high-value PET sheet business segment, closes the gap towards achieving its ESG goals, and enhances its ability to serve its customers’ growing PET resin needs.
In June 2021, Dow, a material science company announced several advancements in its efforts to prevent plastic waste, reduce greenhouse gas emissions, and provide customers with recycled plastic products that provide the same performance as virgin plastics derived from fossil fuel-based feedstocks.