Polyethylene Terephthalate

Polyethylene Terephthalate Market Research
Report, 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.
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.
PET is biologically inert material, which does not react with any food or
beverages and offers high resistance to micro-organism. For instance, in
December 1992, the U.S. Food and Drug Administration (FDA) announced the
use of recycled PET bottles, as safe from any kind of microbial contamination
and reaction with the packed food or beverages.
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Technological advancement for developing lightweight, high strength and
energy-efficient PET bottles is expected to boost the market growth.
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.
Regional Insights
In 2016, Asia Pacific, followed by Europe and North America, respectively,
accounted for a major share in terms of revenue and volume, in the
globa%MCEPASTEBIN%l polyethylene terephthalate market, and the trend is
expected to remain the same over the forecast period.
According to a study conducted by Coherent Market Insights, the other drink
application segment market is expected to witness a CAGR of 8.8% from 2017
to 2025, in terms of revenue, which in turn is expected to fuel growth of the
global polyethylene terephthalate market.
Multinational players need to tap potential addressable market in the
emerging regions with the help of geographical expansion
Product portfolio expansion and geographical expansion are the key market
trends, which are expected to shape the industry in the near future. Major
players in the global Polyethylene Terephthalate market 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 among others.
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Polyethylene Terephthalate Market report categorizes global market by Product Type, Application, and Geographyt Segmented by Insights, Size, Share, Opportunity Analysis, and Industry Forecast till 2025