Polyethylene Terephthalate (PET) Market Size- By Type, By Application- Regional Outlook, Competitive Strategies and Segment Forecast to 2033

Polyethylene Terephthalate (PET) Market Size- By Type, By Application- Regional Outlook, Competitive Strategies and Segment Forecast to 2033

Polyethylene Terephthalate (PET) Market Introduction and Overview

According to SPER market research, ‘Polyethylene Terephthalate (PET) Market Size- By Type, By Application- Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ state that the Polyethylene Terephthalate (PET) Market is predicted to reach USD 57.83 billion by 2033 with a CAGR of 6.31%.

Polyethylene terephthalate, or PET, is a strong thermoplastic resin that is used to make a wide range of products, such as canes, bottles, films & sheets, and pouches. Because these polymers do not leach any chemicals and are suitable for human use, it is thought that they are recyclable in nature. In nature, they are incredibly light and colorless. Numerous industries, including consumer products, electronics, food and beverage, healthcare, and others, heavily rely on these plastics.

The COVID-19 pandemic has had a significant effect on the polyethylene terephthalate (PET) market. The pandemic has altered demand for PET items, altered supply chains, and altered consumer behaviour. The bottled water industry was particularly affected by the outbreak. When cafes, restaurants, and other public areas closed, there was a sharp decline in the demand for bottled water. Nonetheless, the surge in demand for domestic use led to a spike in PET bottle sales at supermarkets and online retailers.

Scope of the Report:

Report Metric Details

Market size available for years 2020-2033

Base year considered 2023

Forecast period 2024-2033

Segments covered By Type, By Application

Regions covered Asia-Pacific, Europe, Middle East and Africa, North America, Latin America

Companies Covered

BASF SE, LyondellBasell Industries Holdings B.V., RTP Company, Indorama Ventures Public Company Limited, SABIC, LOTTE Chemical CORPORATION, LANXESS, DuPont, NAN YA PLASTICS CORPORATION, DSM and others.

Polyethylene Terephthalate (PET) Market Segmentation:

By Type:Based on the Type, Global Polyethylene Terephthalate (PET) Market is segmented as; Virgin and Recycled

By Application:Based on the Application, Global Polyethylene Terephthalate (PET) Market is segmented as; Rigid Packaging, Film, Sheets & Straps, and Others.

By Region:This research also includes data for North America, Asia-Pacific, Latin America, Middle East & Africa and Europe.