Global Polyethylene Terephthalate (PET) Resins Market, By Product Type (Bottles, Films and Sheets, Cups, Cans, Pouches, Others), End- User Industry (Food & Beverage, Automotive, Electrical & Electronics, Healthcare, Consumer Goods, Others), Application (Beverages, Sheets & Films, Consumer Goods, Food Packaging, Others), Material (Glass, Plastics, Metal, Paperboard, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Polyethylene terephthalate (PET) resins market will grow at a rate of 7.12% for the forecast period of 2021 to 2028. Rise in the disposable income acts as a vital factor driving the growth of polyethylene terephthalate (PET) resins market.
PET or polyethylene terephthalate is defined as a tough thermoplastic resin that is used in production of many products such as pouches, canes, bottles, films & sheets and others. They are colourless and are very lightweight in nature and these plastics are considered as re- usable in nature because they don’t percolate any chemicals and are safe for the human as well. These plastics are extensively used in industries such as electronics, food and beverage, healthcare, consumer goods and others.
Rise in the food and beverage industry is the vital factor escalating the market growth, also rise in the demand for sustainable and recyclable material, rise in the demand for frozen and processed food among population, rise in the demand for polyethylene terephthalate materials for efficient and environment-friendly packaging alternatives all over the globe and rise in the leaning of consumers toward efficient & easily recyclable beverage containers are the major factors among others driving the polyethylene terephthalate (PET) resins market. Moreover, rise in the research and development activities in the market and increase in the technological advancements and modernization in the production techniques will further create new opportunities for the polyethylene terephthalate (PET) resins market in the forecast period of 2021- 2028.
However, rise in the strict government norms and regulation associated with the usage of PET material, increase in the availability of substitute product in the market and less PET recycling rates due to high contamination are the major factor among others acting as a restraint, and will further challenge the growth of polyethylene terephthalate (PET) resins market in the forecast period mentioned above.
This polyethylene terephthalate (PET) resins market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on polyethylene terephthalate (PET) resins market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Polyethylene Terephthalate (PET) Resins Market Scope and Market Size
Polyethylene terephthalate (PET) resins market is segmented on the basis of product type, end-user industry, application and material. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- Based on product type, the polyethylene terephthalate (PET) resins market is segmented into bottles, films and sheets, cups, cans, pouches and others.
- Based on end-user industry, the polyethylene terephthalate (PET) resins market is segmented into food & beverage, automotive, electrical & electronics, healthcare, consumer goods and others.
- Based on application, the polyethylene terephthalate (PET) resins market is segmented into beverages, sheets & films, consumer goods, food packaging and others
- The polyethylene terephthalate (PET) resins market is also segmented on the basis of material into glass, plastics, metal, paperboard and others.
Polyethylene Terephthalate (PET) Resins Market Country Level Analysis
Polyethylene terephthalate (PET) resins market is analysed and market size, volume information is provided by country, product type, end-user industry, application and material as referenced above.
The countries covered in the polyethylene terephthalate (PET) resins market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the polyethylene terephthalate (PET) resins market due to rise in the changes in lifestyle coupled with the rise in the demand for PET bottles in this region. Middle East and Africa is the expected region in terms of growth in polyethylene terephthalate (PET) resins market due to rise in the demand for sustainable and recyclable material and rise in the demand for frozen and processed food among population in this region.
The country section of the polyethylene terephthalate (PET) resins market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Polyethylene Terephthalate (PET) Resins Market Share Analysis
Polyethylene terephthalate (PET) resins market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to polyethylene terephthalate (PET) resins market.
The major players covered in the polyethylene terephthalate (PET) resins market report are Alpek S.A.B. de C.V., Indorama Ventures Public Company Limited, JBF Industries Ltd, LOTTE Chemical CORPORATION, Far Eastern New Century Corporation, China Petrochemical Corporation., SABIC, Reliance Industries Limited., RTP Company, Vikas Ecotech Ltd., TEIJIN LIMITED, Hitachi, Ltd., NEO GROUP, UAB; DuPont de Nemours, Inc, Filatex India Limited, Polyplex, Retal Industries LTD., Persian Gulf Petrochemical Industries Co., the Mitsubishi Chemical Advanced Materials group of companies and Verdeco Recycling among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.