Polyethylene Terephthalate Market, by Product Type (Carbonated Soft Drink, Bottled Water, Other Drinks, Sheets & Films, Food, and Non-Food), by Application (Food & Beverages, Automotive, Electronics, and Others), and by Region (North America, Latin Americ

Polyethylene Terephthalate Market, by Product Type (Carbonated Soft Drink, Bottled Water, Other Drinks, Sheets & Films, Food, and Non-Food), by Application (Food & Beverages, Automotive, Electronics, and Others), and by Region (North America, Latin America, Asia Pacific, Europe, and Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028

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. According to Coherent Market Insights the market for PET is expected to grow at a CAGR of 9.7% in terms of revenue during 2017 - 2028.
Increasing demand for bottled water is projected to be the key driver for 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 polyethylene terephthalate market in the following years. Asia Pacific is dominating the market for polyethylene terephthalate in 2021, according to Coherent Market Insights, due to the rise in economy and per capita income of middle class people, is in turn increasing inclination of the masses towards ready to eat food. China and India is expected to emerge as the fastest growing region during the forecast period. For instance--- in May 16, 2021, Graham Packaging, based in Lancaster, Pennsylvania, received the highest accolade, the Diamond Award, for its ThermaSet Blow Molded PET Container for pasteurized and hot-fill food. This offers consumers an easy to hold, shatter-resistant, safe, recyclable container that significantly reduces manufacturing and shipping costs for the brand owner.
Market Dynamics
Food and beverages is the largest application industry in the global polyethylene terephthalate market. Polyethylene terephthalate are widely utilized in food and beverages packaging, used in domestic and commercial applications. Growing demand for convenience food in North America and Europe is expected to fuel growth of the market of food packaging, which in turn is expected to boost the market for PET in the following years. Moreover, increasing awareness of food borne diseases and health consciousness in Europe and North America is expected to propel the market growth. The increasing preference of auto manufacturers towards the use of polyethylene terephthalate due to the considerable cost reductions, light weight, low operational costs, excellent performance and other benefits offered by these products fuels growth of the polyethylene terephthalate market.
Market Taxonomy
This report segments the global polyethylene terephthalate market on the basis of product types and application. On the basis of product types, the market is segmented as carbonated soft drink, bottled water, other drinks, sheets & films, food and non-food. On the basis of application industry, the global polyethylene terephthalate market is segmented into food & beverages, automotive, electronics and others Moreover, food & beverages is the largest application segment, accounting for over 80.36% share of the global polyethylene terephthalate market in 2021, and is projected to be the fastest growing application segment and expected to grow at a CAGR of 8.0% in terms of volume during the forecasted period.
Key features of the study:
This report provides in-depth analysis of the global polyethylene terephthalate market and provides market size (US$ Million), Kilotons (KT) and Cumulative Annual Growth Rate (CAGR) (%) for the forecast period (2022 - 2028), considering 2021 as the base year
It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
This study also provides valuable insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by the leading players
The report takes into account the various types of methods involved in manufacturing different types of products and analyzing the market value and growth (%) during the forecast period
It includes insights on the largest technology used to manufacture different types of product across the globe
It profiles leading players in the global polyethylene terephthalate 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 decisions with respect to their future product launch, technology upgrade, market expansion, and marketing tactics
The global Polyethylene Terephthalate market report caters to various stakeholders in this industry, including investors, raw material manufacturer, end-users, distributors, new entrants, and financial analysts
Stakeholders would greatly benefit in decision making through the various strategy matrices used in analyzing the Polyethylene Terephthalate 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 Geography:
North America
US
By Product Type
Carbonated Soft Drink
Bottled Water
Other Drinks
Sheets & Films
Food
Non-Food
By Application
Food & Beverages
Automotive
Electronics
Others
Canada
By Product Type
Carbonated Soft Drink
Bottled Water
Other Drinks
Sheets & Films
Food
Non-Food
By Application
Food & Beverages
Automotive
Electronics
Others
Europe
UK
By Product Type
Carbonated Soft Drink
Bottled Water
Other Drinks
Sheets & Films
Food
Non-Food
By Application
Food & Beverages
Automotive
Electronics
Others
Germany
By Product Type
Carbonated Soft Drink
Bottled Water
Other Drinks
Sheets & Films
Food
Non-Food
By Application
Food & Beverages
Automotive
Electronics
Others
Italy
By Product Type
Carbonated Soft Drink
Bottled Water
Other Drinks
Sheets & Films
Food
Non-Food
By Application
Food & Beverages
Automotive
Electronics
Others
France
By Product Type
Carbonated Soft Drink
Bottled Water
Other Drinks
Sheets & Films
Food
Non-Food
By Application
Food & Beverages
Automotive
Electronics
Others
Russia
By Product Type
Carbonated Soft Drink
Bottled Water
Other Drinks
Sheets & Films
Food
Non-Food
By Application
Food & Beverages
Automotive
Electronics
Others
Rest of Europe
By Product Type
Carbonated Soft Drink
Bottled Water
Other Drinks
Sheets & Films
Food
Non-Food
By Application
Food & Beverages
Automotive
Electronics
Others
Asia-Pacific
China
By Product Type
Carbonated Soft Drink
Bottled Water
Other Drinks
Sheets & Films
Food
Non-Food
By Application
Food & Beverages
Automotive
Electronics
Others
India
By Product Type
Carbonated Soft Drink
Bottled Water
Other Drinks
Sheets & Films
Food
Non-Food
By Application
Food & Beverages
Automotive
Electronics
Others
Japan
By Product Type
Carbonated Soft Drink
Bottled Water
Other Drinks
Sheets & Films
Food
Non-Food
By Application
Food & Beverages
Automotive
Electronics
Others
ASEAN
By Product Type
Carbonated Soft Drink
Bottled Water
Other Drinks
Sheets & Films
Food
Non-Food
By Application
Food & Beverages
Automotive
Electronics
Others
Australia
By Product Type
Carbonated Soft Drink
Bottled Water
Other Drinks
Sheets & Films
Food
Non-Food
By Application
Food & Beverages
Automotive
Electronics
Others
South Korea
By Product Type
Carbonated Soft Drink
Bottled Water
Other Drinks
Sheets & Films
Food
Non-Food
By Application
Food & Beverages
Automotive
Electronics
Others
Rest of Asia Pacific
By Product Type
Carbonated Soft Drink
Bottled Water
Other Drinks
Sheets & Films
Food
Non-Food
By Application
Food & Beverages
Automotive
Electronics
Others
Latin America
Brazil
By Product Type
Carbonated Soft Drink
Bottled Water
Other Drinks
Sheets & Films
Food
Non-Food
By Application
Food & Beverages
Automotive
Electronics
Others
Mexico
By Product Type
Carbonated Soft Drink
Bottled Water
Other Drinks
Sheets & Films
Food
Non-Food
By Application
Food & Beverages
Automotive
Electronics
Others
Rest of Latin America
By Product Type
Carbonated Soft Drink
Bottled Water
Other Drinks
Sheets & Films
Food
Non-Food
By Application
Food & Beverages
Automotive
Electronics
Others
Middle East
GCC
By Product Type
Carbonated Soft Drink
Bottled Water
Other Drinks
Sheets & Films
Food
Non-Food
By Application
Food & Beverages
Automotive
Electronics
Others
Israel
By Product Type
Carbonated Soft Drink
Bottled Water
Other Drinks
Sheets & Films
Food
Non-Food
By Application
Food & Beverages
Automotive
Electronics
Others
Africa
North Africa
By Product Type
Carbonated Soft Drink
Bottled Water
Other Drinks
Sheets & Films
Food
Non-Food
By Application
Food & Beverages
Automotive
Electronics
Others
Central Africa
By Product Type
Carbonated Soft Drink
Bottled Water
Other Drinks
Sheets & Films
Food
Non-Food
By Application
Food & Beverages
Automotive
Electronics
Others
South Africa
By Product Type
Carbonated Soft Drink
Bottled Water
Other Drinks
Sheets & Films
Food
Non-Food
By Application
Food & Beverages
Automotive
Electronics
Others
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.
Note- We will profile top 10 companies’ profiles. Also, we will provide the exhaustive list of domestic players for every region.