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Europe Polyethylene Terephthalate (PET) Resin Market | 2031
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Europe Polyethylene Terephthalate (PET) Resin Market | 2031

Segments - Europe Polyethylene Terephthalate (PET) Resin Market by End-user Industries (Automotive, Healthcare, Food & Beverages, Consumer Goods, Electrical & Electronics, and Others), Product Types (Films & Sheets, Bottles, and Others), and Region - Europe Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031

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Author : Riddhesh Dani
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Fact-checked by : Harneet Meher
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Editor : Shruti Bhat

Upcoming | Report ID :MC-2706 | 4.3 Rating | 83 Reviews | 212 Pages | Format : PDF Excel PPT

Report Description


The Europe Polyethylene Terephthalate (PET) Resin Market size was valued at USD XX Billion in 2022 and is expected to surpass USD XX Billion by 2031, expanding at a CAGR of 4.5% during the forecast period, 2023 – 2031. Growth of the market is attributed to growing demands for polyethylene terephthalate in the food and beverage sector, such as in carbonated soft drink packaging and packaged food due to increasing frozen and processed food consumption.

PET stands for polyethylene terephthalate, which is a thermoplastic polymer resin made from the reaction of nonethylene glycol (MEG) with purified terephthalic acid (PTA). Polyethylene terephthalate is used in a variety of sectors, including automotive, food and beverage packaging, and electronics.

Europe Polyethylene Terephthalate (PET) Resin Market Outlook

PET is a semi-crystalline, colorless resin in its native condition. PET may be semi-rigid to stiff depending on how it is produced, and it is extremely lightweight. It works effectively as a gas and moisture barrier as well as an excellent barrier to alcohol and it’s tough and resistant to damage. When chloroform and other chemicals, such as toluene, are introduced to PET, it becomes white.

Coca-Cola introduces plant bottle packaging, which uses recyclable PET drinking bottles that contain up to 30% plant matter. Coca-Cola has sold over 44 billion plant bottle containers worldwide as of 2015. Since its inception in 2009, the package has saved the equivalent of about 428,000 MT of carbon dioxide emissions.

In addition, factors such as fast urbanization, creative packaging, and strong economic growth are estimated to boost the polyethylene terephthalate resin market.

According to European Union (EU) Circular Economy Action Plan is to achieve the target to make all packaging recyclable and reusable by 2030

A French institution stated in April 2020 that it has discovered a highly efficient, optimized enzyme that surpasses all PET hydrolases previously reported. This discovery might be a critical step toward realizing the notion of a circular PET economy.

  • Rising adoption of bio-based PET products is expected to boost market in the future.

  • Increasing eco-conscious bakers are expected to fuel the market in the coming years.

  • Growing need for food packaging that is both transportable and versatile are major factors propelling the market.

  • High economic growth, growing urbanization, and creative packaging are the major factors fueling the market in the coming years.

  • Rising use as a substrate in thin film solar cells is expected to drive the market.

  • High cost of polyethylene terephthalate (PET) is estimated to hamper the market expansion.

Scope of Europe Polyethylene Terephthalate (PET) Resin Market Report

The report on the Europe 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

Europe Polyethylene Terephthalate (Pet) Resin market - Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2022

Historic Data

2016–2021

Forecast Period

2023–2031

Segmentation

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

Regional Scope

Europe

Report Coverage

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

Key Players Covered in the Report

BASF SE; Polisan Hellas; SABIC; Indorama Ventures Public Company Limited

Europe Polyethylene Terephthalate (PET) Resin Market Segment Insights

The food & beverages segment is anticipated to expand at a rapid CAGR

On the basis of end-user industries, the Europe polyethylene terephthalate (Pet) resin market is fragmented into automotive, healthcare, food & beverages, consumer goods, electrical & electronics, and others. The food & beverages segment is expected to constitute a key share of the market during the forecast period owing to rising usage in food and beverage industry such as manufacturing of water bottle, milk container, carbonated drinks bottles, jars, packaging containers, tubs and others.

The bottles segment is expected to grow at a significant pace

In terms of product types, the Europe polyethylene terephthalate (Pet) resin market is segregated into films & sheets, bottles, and others. The bottles segment is expected to represent a key share of the market in the coming years due to high demand of biodegradable and recycle PET in bottling industries and plastic bottles made from PET are widely used for soft drinks.

Europe Polyethylene Terephthalate (PET) Resin Market Product Types

Segments

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

End-user Industries

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

Product Types

  • Films & Sheets
  • Bottles
  • Others

Region

  • Europe

Key Players

  • BASF SE
  • Polisan Hellas
  • SABIC
  • Indorama Ventures Public Company Limited

Competitive Landscape

Key players competing in the Europe polyethylene terephthalate (Pet) resin market include BASF SE; Polisan Hellas; SABIC; Indorama Ventures Public Company Limited.

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.

Europe Polyethylene Terephthalate (PET) Resin Market Key Players

Table Of Content

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)

Methodology

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