Middle East and Africa Polyethylene Terephthalate (PET) Resin Market

Middle East and Africa Polyethylene Terephthalate (PET) Resin Market by Types (Bottles, Films & Sheets, and Others), Applications (Food & Beverage, Automotive, Electrical & Electronics, Healthcare, Consumer Goods, and Others), and Geography (Saudi Arabia, South Africa, United Arab Emirates, Qatar, and Rest of Middle-East and Africa) - Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028.

  • Report ID: MC-2373
  • Author: Growth Market Reports
  • Rating: 4.5
  • Total Reviews: 2
  • No. Of Pages: 215
  • Format:
  • Pub. Date: Upcoming
  • Share:

The Middle East and Africa polyethylene terephthalate (PET) resin market size is projected to expand at a CAGR of 4.5% during the forecast period. Growth of the market is attributed to rising demand for product recycling.


Middle East and Africa Polyethylene Terephthalate (PET) Resin Market

Polyethylene terephthalate  also known as PET, PETE, or the obsolete PETP or PET-P, is the most common thermoplastic polymer resin of the polyester family and is used in clothing fibers, containers for liquids & foods, thermoforming for manufacturing, and engineering resins in combination with glass fiber. The majority of the world's PET production (more than 60%) is of synthetic fibers, with bottle production accounting for about 30% of global demand. PET is commonly referred by its common name, polyester, in the context of textile applications, whereas the acronym PET is commonly used in the context of packaging. Polyester accounts for approximately 18% of global polymer production and is the fourth most abundant polymer after polyethylene (PE), polypropylene (PP), and polyvinyl chloride (PVC). PET is widely recycled, and its resin identification code is "1." (RIC). Polyethylene terephthalate can exist as an amorphous (transparent) or semi-crystalline polymer depending on its processing and thermal history.

Market Trends, Drivers, Restraints, and Opportunities

  • Increasing usage of bio based PET goods is anticipated to boost the market.
  • Rising demand for product recycling has fueled the market.
  • High labor cost and taxes are expected to hinder the market growth.
  • Development of bio-based PET product is anticipated to create immense opportunities for the market players.

Scope of the Report

The report on the Middle East and Africa polyethylene terephthalate (PET) resin market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Middle-East and Africa Polyethylene Terephthalate (PET) Resin Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2021

Historic Data

2019–2020

Forecast Period

2021–2028

Segmentation

Bottles, Films & Sheets, and Other Product Types

Geographical Scope

Saudi Arabia, South Africa, United Arab Emirates, Qatar, and Rest of Middle-East and Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

SABIC, Indorama Ventures Public Company Limited, Equate Petrochemical Company, and BASF SE

Market Segment Insights:

The bottles segment is projected to expand at a rapid pace

Based on types, the Middle-East and Africa polyethylene terephthalate (PET) resin market is segregated into bottles, films & sheets, and others. The bottles segment is projected to hold major market share. Plastic bottles are made of high-density or low-density plastic. Bottle sizes range from tiny to large carboys.


Middle East and Africa Polyethylene Terephthalate (PET) Resin Market

The food and beverage segment is anticipated to expand during the forecast period

On the basis of applications, the Middle-East and Africa polyethylene terephthalate (PET) resin market is segregated into food & beverage, automotive, electrical & electronics, healthcare, consumer goods, and others. The food & beverages segment is projected to expand at a rapid pace during forecast period. PET is a plastic material that is increasingly being used for packaging in the food and beverage industries. PET has largely replaced glass in food packaging sector due to its light weight, ease of transport, and shatterproof properties. PET is a strong, inert material that does not react with food. Bottled water, milk, juice, and carbonated drink bottles, ketchup, jars for butter, mayonnaise, pickles, jam, and other condiments, sandwich boxes, tubs and food containers are common applications of PET in the food and beverage industry.


Middle East and Africa Polyethylene Terephthalate (PET) Resin Market

The market in Saudi Arabia is projected to hold a major market share

In terms of geography, the Middle-East and Africa polyethylene terephthalate (PET) resin market is classified as Saudi Arabia, South Africa, United Arab Emirates, Qatar, and Rest of Middle-East and Africa. Saudi Arabia is estimated to dominate the market. As an oil-producing economy, the country's interest in other industries was limited from the start. However, with the rise of non-OPEC countries around the world, and high volatility of crude oil prices, Saudi Arabia decided to expand its portfolio to help the economy grow more steadily. However, in order to make it a diversified economy that is not dependent on oil the government is reforming economic policies in its 10th development plan, with investments in various sectors, and is attempting to attract private investment in the country. In the last ten years, the Saudi food manufacturing and processing sector has expanded rapidly. The increasing healthcare expenditure in the country, along with the privatization of several public hospitals, is expected to drive the demand for healthcare equipment in the country.


Middle East and Africa Polyethylene Terephthalate (PET) Resin Market

Segments

Segments Covered in the Report

The Middle-East and Africa polyethylene terephthalate (PET) resin market is segmented on the basis of

Types

  • Bottles
  • Films & Sheets
  • Others

Applications

  • Food & Beverage
  • Automotive
  • Electrical & Electronics
  • Healthcare
  • Consumer Goods
  • Others

Geography

  • Saudi Arabia
  • South Africa
  • United Arab Emirates
  • Qatar
  • Rest of Middle-East and Africa

Key Players

  • SABIC
  • Indorama Ventures Public Company Limited
  • Equate Petrochemical Company
  • BASF SE

Competitive Landscape

The major players in the residential Middle-East and Africa polyethylene terephthalate (PET) resin market include SABIC, Indorama Ventures Public Company Limited, Equate Petrochemical Company, and BASF SE.

Some of these players are using several market strategies such as acquisitions, merger, collaborations, partnerships, capacity expansion, and product launches to enhance their market shares and to generate revenue and raise their production line of the business in the coming years.

Middle East and Africa Polyethylene Terephthalate (PET) Resin Market

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Polyethylene Terephthalate (PET) Resin Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Polyethylene Terephthalate (PET) Resin Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Polyethylene Terephthalate (PET) Resin Market - Supply Chain
  4.5. Global Polyethylene Terephthalate (PET) Resin Market Forecast
     4.5.1. Polyethylene Terephthalate (PET) Resin Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Polyethylene Terephthalate (PET) Resin Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Polyethylene Terephthalate (PET) Resin Market Absolute $ Opportunity
5. Global Polyethylene Terephthalate (PET) Resin Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Polyethylene Terephthalate (PET) Resin Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Polyethylene Terephthalate (PET) Resin Demand Share Forecast, 2019-2026
6. North America Polyethylene Terephthalate (PET) Resin Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Polyethylene Terephthalate (PET) Resin Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Polyethylene Terephthalate (PET) Resin Demand Share Forecast, 2019-2026
7. Latin America Polyethylene Terephthalate (PET) Resin Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Polyethylene Terephthalate (PET) Resin Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Polyethylene Terephthalate (PET) Resin Demand Share Forecast, 2019-2026
8. Europe Polyethylene Terephthalate (PET) Resin Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Polyethylene Terephthalate (PET) Resin Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Polyethylene Terephthalate (PET) Resin Demand Share Forecast, 2019-2026
9. Asia Pacific Polyethylene Terephthalate (PET) Resin Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Polyethylene Terephthalate (PET) Resin Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Polyethylene Terephthalate (PET) Resin Demand Share Forecast, 2019-2026
10. Middle East & Africa Polyethylene Terephthalate (PET) Resin Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Polyethylene Terephthalate (PET) Resin Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Polyethylene Terephthalate (PET) Resin Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Polyethylene Terephthalate (PET) Resin Market: Market Share Analysis
  11.2. Polyethylene Terephthalate (PET) Resin Distributors and Customers
  11.3. Polyethylene Terephthalate (PET) Resin Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)

Segments Covered in the Report

The Middle-East and Africa polyethylene terephthalate (PET) resin market is segmented on the basis of

Types

  • Bottles
  • Films & Sheets
  • Others

Applications

  • Food & Beverage
  • Automotive
  • Electrical & Electronics
  • Healthcare
  • Consumer Goods
  • Others

Geography

  • Saudi Arabia
  • South Africa
  • United Arab Emirates
  • Qatar
  • Rest of Middle-East and Africa

Key Players

  • SABIC
  • Indorama Ventures Public Company Limited
  • Equate Petrochemical Company
  • BASF SE

The major players in the residential Middle-East and Africa polyethylene terephthalate (PET) resin market include SABIC, Indorama Ventures Public Company Limited, Equate Petrochemical Company, and BASF SE.

Some of these players are using several market strategies such as acquisitions, merger, collaborations, partnerships, capacity expansion, and product launches to enhance their market shares and to generate revenue and raise their production line of the business in the coming years.

Middle East and Africa Polyethylene Terephthalate (PET) Resin Market

Buy Report