Polyethylene Terephthalate Market

Polyethylene Terephthalate Market - Insights, Size, Share,
Opportunity Analysis, and Industry Forecast till 2025
Polyethylene terephthalate is the most common plastic resin of polyester made
from the combination of two monomers. Polyethylene terephthalate, also
referred to as PET or PETE, is a remarkable cost and energy efficient packaging
material, which possesses properties of versatility, strength, and recyclability,
thus being used in various end-use industries such as packaging and textile. The
polyethylene terephthalate market is projected to boost an excellent
sustainability during the forecast period (2017-2025). However, growing
environmental pollution from the chemical and petrochemical industries is
expected to be one of the key concerns for the PET market. Despite various
environmental concerns of PET use, it is much favorable in comparison to steel,
aluminum, glass and other materials used for packaging, due to its high weight
bearing capacity and light weight, which in turn reduces the transportation cost
by utilizing less space and weight.
of this Research Report
Technological advancement for developing lightweight, high strength and
energy-efficient PET bottles is expected to boost the market growth. For
instance, in 2014, SIDEL introduced a new ‘NEW RIGHTWEIGHT’, 0.5 liter
bottle for still water, weighing 7.95 grams, yet offering a superior consumer
experience and a top-load performance of 33 kilograms, without the need for
nitrogen dosing, using standard 26/22 closures.
In 2016, the global polyethylene terephthalate market size was pegged at US$
26.57 billion (revenue) and 27,749.22 kilo tons (volume), The market is
expected to expand at a CAGR of 9.7% in terms of revenue and 7.6% in terms
of volume during the forecast period.
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Polyethylene Terephthalate Market report categorizes global market by Product Type (Carbonated Soft Drink, Bottled Water, Other Drinks, Sheets & Films, Food, Non-Food), Application, and Geography - Insights, Size, Share, Opportunity Analysis, and Industry Forecast till 2025