Polyethylene Terephthalate (PET) Market, By Product Type (Carbonated Soft Drink, Bottled Water, Other Drinks, Sheets and Films, Food, and Non-Food), By Application (Food and Beverages, Automotive, Electronics, and Others), and By Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa), Trends, Analysis and Forecast till 2034

Report Code: PMI45119 | Publish Date: February 2024 | No. of Pages: 156

Global Polyethylene Terephthalate PET Market Overview

Polyethylene Terephthalate (PET) Market was valued at US$ 58.3 Billion in 2024 and is projected to grow at a CAGR of 6.80% to reach US$ 106.1 Billion by 2034.

Polyethylene terephthalate is also known as PET a thermoplastic polymer resin formed by the reaction of monoethylene glycol (MEG) and purified terephthalic acid (PTA). It is used as efficient packaging material in packaging of water bottles, fibers in clothing, and containers. The properties of polyethylene terephthalate such as tensile strength, recyclability, and versatility lead to use in many end-use industries. The major end-use industries are automobiles, electronics, food & beverage, and others.

The increasing use of polyethylene terephthalate in packaging due to its ability to bear enhanced weight, which in turn reduces transportation cost, which is the major factor driving the polyethylene terephthalate market. In addition, the growing international trade attributed with the growing demand from the food and beverage industry in the developing regions is also responsible for growth of the market. However, volatile prices of raw materials and the growing environmental concerns about the adverse environmental effects of polyethylene terephthalate are expected to be a major restraining factor for the growth of the market in the forecast years.

Global polyethylene terephthalate market has been segmented on the basis of product type, application and region.

On the basis of product type, the global Polyethylene terephthalate market has been segmented into carbonated soft drink, bottled water, other drinks, sheets and films, food, and non-food. Based on application, segments of the global Polyethylene terephthalate market are food and beverages, automotive, electronics and others.

On the basis of region, the global polyethylene terephthalate market has been segmented into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. North America is dominates the market of polyethylene terephthalate across the globe. The developed end-use industries such as automobile and electronics are factors which is significantly driving the market growth. Moreover, the growing working population attributed with a fast-paced lifestyle leads to the demand for on-the-go food and beverages which are expected to boost the polyethylene terephthalate market. The European market is also growing market driven by the developed electrical & electronics, and automobile sector. The increasing use of polyethylene terephthalate in vehicle to reduce its weight and emissions is a major factor driving the market in this region.

The key players operating in the global polyethylene terephthalate market includes   TORAY INDUSTRIES, INC., BASF SE, M&G Group, Indorama Ventures, Jiangsu Sanfangxiang Group, Lanxess Corporation, Nan Ya Plastics, Egyptian Indian Polyester Co., Reliance Industries Ltd., and Dhunseri Petrochem Ltd.

 

Global Polyethylene Terephthalate PET Market Table of Contents

  1. Research Objective and Assumption
    • Preface
    • Research Objectives
    • Study Scope
    • Years Considered for the study
    • Assumptions
    • Abbreviations
  2. Research Methodology
    • Research data
    • Primary Data
      • Primary Interviews
      • Primary Breakdown
      • Key data from Primary Sources
      • Key Industry Insights
    • Secondary Data
      • Major Secondary Sources
      • Secondary Sources
    • Market Estimation
    • Top-Down Approach
      • Approach for estimating Market Share by Top-Down Analysis (Supply Side)
    • Bottom-Up Approach
      • Approach for estimating market share by Bottom-up Analysis (Demand Side)
    • Market Breakdown and Data Triangulation
    • Research Assumptions
  3. Market Purview
    • Executive Summary
    • Key Findings—Global Outlook for Polyethylene Terephthalate (PET) Strategies
      • Key Questions this Study will Answer
      • Market Snippet, By Product Type
      • Market Snippet, By Application
      • Market Snippet, By Region
    • Opportunity Map Analysis
    • Executive Summary—3 Big Predictions
  4. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
      • Market Trends
    • DR Impact Analysis
    • PEST Analysis
    • Porter’s Five Forces Analysis
    • Opportunity Orbit
    • Market Investment Feasibility Index
    • Macroeconomic Factor Analysis
  5. Global Polyethylene Terephthalate (PET) Market, By Product Type, 2020 – 2030, (US$ Mn)
    • Overview
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
      • Y-o-Y Growth Analysis (%), 2020 – 2030
      • Segment Trends
    • Laser (Optical Laser)
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Modulators
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Detectors
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Transceivers
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Multiplexer/De-multiplexer
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Optical Amplifiers
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
  6. Global Polyethylene Terephthalate (PET) Market, By Application, 2020 – 2030, (US$ Mn)
    • Overview
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
      • Y-o-Y Growth Analysis (%), 2020 – 2030
      • Segment Trends
    • Telecommunications
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Biomedical
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Data Centers
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Other Applications
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
  7. Global Polyethylene Terephthalate (PET) Market, By Region, 2020 – 2030, (US$ Mn)
    • Overview
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
      • Y-o-Y Growth Analysis (%), 2020 – 2030
      • Regional Trends
    • North America
      • Market Size and Forecast (US$ Mn), By Product Type, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Application, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
        • U.S.
        • Canada
    • Europe
      • Market Size and Forecast (US$ Mn), By Product Type, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Application, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
        • Germany
        • UK
        • France
        • Russia
        • Italy
        • Rest of Europe
    • Asia Pacific
      • Market Size and Forecast (US$ Mn), By Product Type, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Application, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
        • China
        • India
        • Japan
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • Market Size and Forecast (US$ Mn), By Product Type, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Application, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
        • Brazil
        • Mexico
        • Rest of Latin America
    • Middle East & Africa
      • Market Size and Forecast (US$ Mn), By Product Type, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Application, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
        • GCC
        • Israel
        • South Africa
        • Rest of Middle East
  8. Competitive Landscape
    • Heat Map Analysis
    • Market Presence and Specificity Analysis
  9. Company Profiles
    • TORAY INDUSTRIES, INC.
      • Company Overview
      • Product Type Portfolio
      • Key Highlights
      • Financial Performance
      • Business Strategy
    • BASF SE
    • M&G Group
    • Indorama Ventures
    • Jiangsu Sanfangxiang Group
    • Lanxess Corporation
    • Nan Ya Plastics
    • Egyptian Indian Polyester Co.
    • Reliance Industries Ltd.
    • Dhunseri Petrochem Ltd.
  10. The Last Word
    • Future Impact
    • About Us
    • Contact

FAQs

Global polyethylene terephthalate market has been segmented on the basis of product type, application and region.

The increasing use of polyethylene terephthalate in packaging due to its ability to bear enhanced weight, which in turn reduces transportation cost, which is the major factor driving the polyethylene terephthalate market.

North America is dominating the market of polyethylene terephthalate across the globe. The developed end-use industries such as automobile and electronics are factors which are significantly driving the market growth.

Prominent players operating in the target market are focusing on the expansion of their market on the strategic partnerships as well as the launching of the products in order to gain a competitive edge in the target market