Polyethylene Terephthalate Market Report

Polyethylene Terephthalate Market Report
Forecast, 2025
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.
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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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.
Among product type, carbonated soft drink segment is expected to hold
dominant position in the polyethylene terephthalate market over the forecast
period, at a CAGR of over 10.1% in terms of revenue, and 8.1% in terms of
volume.
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 (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

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