Report Description
Polyethylene Terephthalate (PET) Resin Market Outlook 2031:
The polyethylene terephthalate (PET) resin market size was valued at USD 44.30 Billion in 2022 and is projected to reach USD 100.26 Billion by 2031, expanding at a CAGR of 9.5% during the forecast period 2023 - 2031. The growth of the market is attributed to increasing demand for recyclable & sustainable materials.
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.
Polyethylene Terephthalate (PET) Resin 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 Polyethylene Terephthalate (PET) Resin Market 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
|
2022
|
Historic Data
|
2016–2021
|
Forecast Period
|
2023–2031
|
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.
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.
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.

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 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
5.3.2.
Automotive
5.3.3.
Electrical & Electronics
5.3.4.
Healthcare
5.3.5.
Consumer Goods
5.3.6.
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
7.4.2.
Automotive
7.4.3.
Electrical & Electronics
7.4.4.
Healthcare
7.4.5.
Consumer Goods
7.4.6.
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
8.4.2.
Automotive
8.4.3.
Electrical & Electronics
8.4.4.
Healthcare
8.4.5.
Consumer Goods
8.4.6.
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
9.4.2.
Automotive
9.4.3.
Electrical & Electronics
9.4.4.
Healthcare
9.4.5.
Consumer Goods
9.4.6.
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
10.4.2.
Automotive
10.4.3.
Electrical & Electronics
10.4.4.
Healthcare
10.4.5.
Consumer Goods
10.4.6.
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
11.4.2.
Automotive
11.4.3.
Electrical & Electronics
11.4.4.
Healthcare
11.4.5.
Consumer Goods
11.4.6.
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
12.4.2.
Alpek S.A.B.de. C.V.
12.4.3.
Far Eastern New Century Corporation.
12.4.4.
Sinopec Group.
12.4.5.
CR Chemical Material Technology Inc.