Polyethylene Terephthalate (PET) Resin Market

Polyethylene Terephthalate (PET) Resin Market by Product Type (Bottles, Films & Sheets, and Others), End-users (Food & Beverage, Automotive, Electrical & Electronics, Healthcare, Consumer Goods, and Others), and Regions (Asia Pacific, North America, Europe, Latin America, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

  • Report ID: MC-4356
  • Author: Growth Market Reports
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  • No. Of Pages: 222
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The polyethylene terephthalate (PET) resin market size is projected to register a CAGR of 5% during the forecast period, 2021–2028. The growth of the market is attributed to increasing demand for recyclable & sustainable materials.

Polyethylene Terephthalate (PET) Resin Market Key Takeaways

PET is made from mono ethylene glycol (MEG), pure terephthalic acid (PTA), and dimethyl terephthalate as basic ingredients. PET is a durable thermoplastic resin used to make a variety of items including pouches, canes, bottles, and films & sheets. They are colorless & extremely light in nature, and these plastics are regarded re-usable in nature since they do not emit any toxins and are also safe for humans. Electronics, food & beverage, healthcare, consumer products, and other sectors utilize these polymers widely.

The COVID-19 pandemic had a negative impact on the polyethylene terephthalate (PET) resin market. Several nations went into lockdown as a result of the pandemic, causing supply chain problems and labor shortage. The end-user sectors such as electrical & electronics, consumer products, food & beverage, and others were severely harmed as a result of the pandemic. The worldwide vehicle output is expected to drop by roughly 17% in 2020 as compared to the previous year owing mostly to the COVID-19 pandemic, although other factors have also had an impact.

Market Trends, Drivers, Restraints, and Opportunities

  • Increasing PET collection & recycling rates and rapid growing food & beverage sector are projected to drive the market.
  • Growing use of PET bottles for alcoholic beverages, agrochemicals, cosmetics, and pharmaceuticals, edible oil is estimated to foster the market growth.
  • Rising use of both sustainable & recyclable is estimated to fuel the market growth.
  • The presence of substitutes can restrain the market.
  • Stricter laws governing the use of PET and an increase in the use of alternatives such as high-density polyethylene can hamper the market.
  • A move away from flexible packaging and introduction & development of bio-based PET packaging products can create lucrative opportunities for the key players.

Scope of the Report

The report on the 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

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

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Product Types (Bottles, Films & Sheets, and Others) and End-users (Food & Beverage, Automotive, Electrical & Electronics, Healthcare, Consumer Goods, and Others)

Geographic Scope

Asia Pacific, North America, Europe, Latin America, and Middle-East & Africa

Report Coverage

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

Key Players Covered in the Report

Indorama Ventures Public Company Limited.; Alpek S.A.B.de. C.V.; Far Eastern New Century Corporation.; Sinopec Group.; and CR Chemical Material Technology Inc.

Polyethylene Terephthalate (PET) Resin Market Segment Insights

Bottles segment is projected to expand at a considerable CAGR

Based on product types, the market is divided into bottles, films & sheets, and others. The bottles segment is segment is projected to expand at a considerable CAGR during the forecast period. Plastic bottles is composed of polyethylene terephthalate (PET) and are extensively used for mineral water & soft drinks as it is excellent water & moisture barrier material.

PET bottles can be recycled for a variety of reasons. For instance, they are used in solar water treatment, in which empty PET bottles are filled with water and kept in the sun to allow UV light to purify the water. PET bottles filled with sand, dirt, fly-ash, or any other material such as domestic plastic garbage, when adequately compacted, may be used as a construction material instead of conventional bricks, according to the Indian Journal of Science & Technology. When compared to conventional bricks, the strength metrics of filled plastic bottles are on the upper end. The eco-bricks are lightweight and have the same thermal qualities as regular bricks. When compared to concrete blocks, eco-bricks offer a high sound reduction index.

Polyethylene Terephthalate (PET) Resin Market By Product Type

Food & beverage segment is expected to grow at a rapid pace

On the basis of end-users, the market is segregated into food & beverage, automotive, electrical & electronics, healthcare, consumer goods, and others. The food & beverage expected to grow at a rapid pace during the forecast period as they are highly used engineering plastic products in the packaging industry.

Asia Pacific is anticipated to constitute a key market share

In terms of regions, the polyethylene terephthalate (PET) resin market is classified as Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia Pacific is expected to constitute a key share of the market during the projected period owning to increasing population, disposable income and urbanization in developing nations. With capacity of more than 2 million tons, China is a significant producer of PET resins, with the PetroChina Group and Jiangsu Sangfangxiang among the world's leading manufacturers in terms of volume.

Polyethylene Terephthalate (PET) Resin Market By Regions

Segments

The polyethylene terephthalate (PET) resin market has been segmented on the basis of

Product Types
  • Bottles
  • Films & Sheets
  • Others
End-users
  • Food & Beverage
  • Automotive
  • Electrical & Electronics
  • Healthcare
  • Consumer Goods
  • Others
Regions
  • Asia Pacific
  • North America
  • Europe
  • Latin America
  • Middle East & Africa
Key Players

Competitive Landscape

Key players competing in the polyethylene terephthalate (PET) resin market include Indorama Ventures Public Company Limited.; Alpek S.A.B.de. C.V.; Far Eastern New Century Corporation.; Sinopec Group.; CR Chemical Material Technology Inc. Some of the key players are constantly implementing several marketing strategies such as mergers & acquisitions, capital investments, partnerships, new product development, and smaller & mid-sized businesses are expanding their market share by releasing novel ingredients at lower rates.

Polyethylene Terephthalate (PET) Resin Market By Key Players

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 End Users
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by End Users
     5.2.2. Y-o-Y Growth Projections by End Users
  5.3. Polyethylene Terephthalate (PET) Resin Market Size and Volume Forecast by End Users
     5.3.1. Food & Beverage Automotive Electrical & Electronics Healthcare Consumer Goods Others
  5.4. Absolute $ Opportunity Assessment by End Users
  5.5. Market Attractiveness/Growth Potential Analysis by End Users
6. Global Polyethylene Terephthalate (PET) Resin Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Polyethylene Terephthalate (PET) Resin Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Polyethylene Terephthalate (PET) Resin Demand Share Forecast, 2019-2026
7. North 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
  7.2. North America Polyethylene Terephthalate (PET) Resin Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Polyethylene Terephthalate (PET) Resin Market Size and Volume Forecast by End Users
     7.4.1. Food & Beverage Automotive Electrical & Electronics Healthcare Consumer Goods Others
  7.5. Basis Point Share (BPS) Analysis by End Users
  7.6. Y-o-Y Growth Projections by End Users
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Polyethylene Terephthalate (PET) Resin Demand Share Forecast, 2019-2026
8. Latin America 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. Latin America Average Pricing Analysis
  8.2. Latin America Polyethylene Terephthalate (PET) Resin Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Polyethylene Terephthalate (PET) Resin Market Size and Volume Forecast by End Users
     8.4.1. Food & Beverage Automotive Electrical & Electronics Healthcare Consumer Goods Others
  8.5. Basis Point Share (BPS) Analysis by End Users
  8.6. Y-o-Y Growth Projections by End Users
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Polyethylene Terephthalate (PET) Resin Demand Share Forecast, 2019-2026
9. Europe 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. Europe Average Pricing Analysis
  9.2. Europe Polyethylene Terephthalate (PET) Resin Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Polyethylene Terephthalate (PET) Resin Market Size and Volume Forecast by End Users
     9.4.1. Food & Beverage Automotive Electrical & Electronics Healthcare Consumer Goods Others
  9.5. Basis Point Share (BPS) Analysis by End Users
  9.6. Y-o-Y Growth Projections by End Users
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Polyethylene Terephthalate (PET) Resin Demand Share Forecast, 2019-2026
10. Asia Pacific 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. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Polyethylene Terephthalate (PET) Resin Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Polyethylene Terephthalate (PET) Resin Market Size and Volume Forecast by End Users
     10.4.1. Food & Beverage Automotive Electrical & Electronics Healthcare Consumer Goods Others
  10.5. Basis Point Share (BPS) Analysis by End Users
  10.6. Y-o-Y Growth Projections by End Users
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Polyethylene Terephthalate (PET) Resin Demand Share Forecast, 2019-2026
11. Middle East & Africa Polyethylene Terephthalate (PET) Resin Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Polyethylene Terephthalate (PET) Resin Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Polyethylene Terephthalate (PET) Resin Market Size and Volume Forecast by End Users
     11.4.1. Food & Beverage Automotive Electrical & Electronics Healthcare Consumer Goods Others
  11.5. Basis Point Share (BPS) Analysis by End Users
  11.6. Y-o-Y Growth Projections by End Users
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Polyethylene Terephthalate (PET) Resin Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Polyethylene Terephthalate (PET) Resin Market: Market Share Analysis
  12.2. Polyethylene Terephthalate (PET) Resin Distributors and Customers
  12.3. Polyethylene Terephthalate (PET) Resin Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. Indorama Ventures Public Company Limited Alpek S.A.B.de. C.V. Far Eastern New Century Corporation. Sinopec Group. CR Chemical Material Technology Inc.
The polyethylene terephthalate (PET) resin market has been segmented on the basis of

Product Types
  • Bottles
  • Films & Sheets
  • Others
End-users
  • Food & Beverage
  • Automotive
  • Electrical & Electronics
  • Healthcare
  • Consumer Goods
  • Others
Regions
  • Asia Pacific
  • North America
  • Europe
  • Latin America
  • Middle East & Africa
Key Players

Key players competing in the polyethylene terephthalate (PET) resin market include Indorama Ventures Public Company Limited.; Alpek S.A.B.de. C.V.; Far Eastern New Century Corporation.; Sinopec Group.; CR Chemical Material Technology Inc. Some of the key players are constantly implementing several marketing strategies such as mergers & acquisitions, capital investments, partnerships, new product development, and smaller & mid-sized businesses are expanding their market share by releasing novel ingredients at lower rates.

Polyethylene Terephthalate (PET) Resin Market By Key Players

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