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Polyethylene Terephthalate Market Trends and Forecast

The future of the global polyethylene terephthalate resin market looks promising with opportunities in the food and beverages, consumer goods, industrial, medical, electrical and electronics, and textile end uses. The global polyethylene terephthalate resin market is expected to reach an estimated $48.9 billion by 2028 with a CAGR of 5.6% from 2022 to 2028.  The major drivers for this market are growing demand for application in packaging for water, carbonated soft drinks, pharmaceuticals and other food & beverages in developing countries.
Polyethylene Terephthalate Resin Market by End Use, and Product Type

Emerging Trends in the Polyethylene Terephthalate Resin Market

Emerging trend, which have a direct impact on the dynamics of the industry, include bio based PET.
A total of 116 figures / charts and 102 tables are provided in this 214-page report to help in your business decisions. A sample figure with insights is shown below. 
Polyethylene Terephthalate Resin Market by Segments

Polyethylene Terephthalate Resin Market by Segment

The study includes trends and forecast for the global polyethylene terephthalate resin market by end use, product type, and region as follows:

Polyethylene Terephthalate Resin Market by End Use [Value ($M) and Volume (KT) Shipment Analysis for 2017 – 2028]:

Polyethylene Terephthalate Resin Market by Product Type [Value ($M) and Volume (KT) Shipment Analysis for 2017 – 2028]:

  • Bottle
  • Films & Sheets
  • Food Packaging
  • Others

Polyethylene Terephthalate Resin Market by Region [Value ($M) and Volume (KT) Shipment Analysis for 2017 – 2028]:

  • North America
  • Europe
  • Asia Pacific
  • Middle East & South African
    • Middle East and Africa
    • South American

List of Polyethylene Terephthalate Resin Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies polyethylene terephthalate resin companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the polyethylene terephthalate resin companies profiled in this report includes.
  • Indorama Ventures Public Company Limited
  • Alpek
  • Far Eastern New Century Corporation
  • Sinopec Group
  • Nan  ya  Plastic
  • Jiangsu Sanfangxiang Group Co. Ltd.
  • Hengyi Petrochemical Co.Ltd.
  • Sabic
  • JBF Industries ltd.
  • Reliance Industries
  • Zhejiang Zhink Group Co. Ltd

Polyethylene Terephthalate Resin Market Insight

  • Lucintel forecasts that food and beverage will remain the largest end use whereas medical is expected to witness highest growth over the forecast period by value and volume due to its higher demand in various products for healthcare industry.
  • Bottle will remain the largest segment due to its wide application area in food and beverage and consumer goods industries.
  • Asia Pacific is expected to remain the largest market by value and volume and it is also expected to witness the highest growth over the forecast period due to its use of engineering plastic products in the packaging sector.

Features of Polyethylene Terephthalate Resin Fiber Market

  • Market Size Estimates: Polyethylene terephthalate market size estimation in terms of value ($M) and volume ( KT )
  • Trend and Forecast Analysis: Market trends (2017-2022) and forecast (2023-2028) by various segments and regions.
  • Segmentation Analysis: Market size by product type, end use and region
  • Regional Analysis: Polyethylene terephthalate market breakdown by North America, Europe, Asia Pacific, Middle East and Africa, and South America.
  • Growth Opportunities: Analysis of growth opportunities in different end use, product type and regions for polyethylene terephthalate market.
  • Strategic Analysis: This includes M&A, new product development, and competitive landscape for the polyethylene terephthalate market.
  • Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

FAQ

Q1. What is the polyethylene terephthalate resin market size?
Answer: The global polyethylene terephthalate resin market is expected to reach an estimated $48.9 billion by 2028..         
Q2. What is the growth forecast for polyethylene terephthalate resin market?
Answer: The polyethylene terephthalate resin market is expected to grow at a CAGR of 5.6% from 2023 to 2028.         
Q3. What are the major drivers influencing the growth of the polyethylene terephthalate resin market?
Answer: The major drivers for this market are growing demand for application in packaging for water, carbonated soft drinks, pharmaceuticals and other food & beverages in developing countries. 
Q4. What are the major end uses for polyethylene terephthalate?
Answer: food and beverage and consumer goods are the major end uses for polyethylene terephthalate.          
Q5. What are the emerging trends in polyethylene terephthalate resin market?
Answer: Emerging trend, which have a direct impact on the dynamics of the industry, include bio based polyethylene terephthalate resin.
Q6. Who are the key polyethylene terephthalate resin companies?
Answer: Some of the key polyethylene terephthalate resin companies are as follows:
  • Indorama Ventures Public Company Limited
  • Alpek
  • Far Eastern New Century Corporation
  • Sinopec Group
  • Nan  ya  Plastic
  • Jiangsu Sanfangxiang Group Co. Ltd.
  • Hengyi Petrochemical Co.Ltd.
  • Sabic
  • JBF Industries ltd.
  • Reliance Industries
  • Zhejiang Zhink Group Co. Ltd.
Q7.Which polyethylene terephthalate resin product type segment will be the largest in future?
Answer: Lucintel forecasts that bottle will remain the largest segment due to its wide application area in food and beverage and consumer goods industries.
Q8: In polyethylene terephthalate resin market, which region is expected to be the largest in next 5 years?
Answer: Asia Pacific is expected to remain the largest region and witness the highest growth over next 5 years.          
Q9. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% Customization Without any Additional Cost.


This report answers following 11 key questions

Q.1 What are some of the most promising potential, high growth opportunities for the global polyethylene terephthalate resin market by end use (food and beverages, consumer goods, industrial, medical, electrical and electronics , textiles and others), product type (bottle, film & sheet, food packaging and Others ), and region (North America, Europe, Asia Pacific, and the Middle East and Africa and South America )?
Q. 2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?
Q.5 What are the business risks and threats to the market?
Q.6 What are the emerging trends in this market and the reasons behind them?
Q.7 What are the changing demands of customers in the market?
Q.8 What are the new developments in the market? Which companies are leading these developments?
Q.9 Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this area and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11 What M & A activities have taken place in the last 5 years in this market?

For any questions related to polyethylene terephthalate resin market or related to polyethylene terephthalate resin market share, polyethylene terephthalate resin market analysis, polyethylene terephthalate resin market size, polyethylene terephthalate resin manufacturers, and polyethylene terephthalate resin applications, write to Lucintel analysts at
helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
 
2. Polyethylene Terephthalate Resin Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges

3. Market Trends and Forecast Analysis from 2017 to 2028
3.1: Macroeconomic Trends and Forecasts
3.2: Polyethylene Terephthalate Resin Market Trends and Forecast
3.3: Polyethylene Terephthalate Resin Market by End Use
3.3.1: Food and Beverages
3.3.2: Consumers Goods
3.3.3: Industrial
3.3.4: Medical
3.3.5: Electrical and Electronics
3.3.6: Textiles
3.3.7: Others
3.4: Polyethylene Terephthalate Resin Market by Product Type
3.4.1: Bottle
3.4.2: Film & Sheet
3.4.3: Food Packaging
3.5.4: Others

4. Market Trends and Forecast Analysis by Region
4.1: Polyethylene Terephthalate Resin Market by Region
4.2: North American: Polyethylene Terephthalate Resin Market
4.2.1: Market by End Use: Food and Beverages, Consumers Goods, Industrial, Medical, Electrical and Electronics, Textiles, and Others
4.2.2: Market by Product Type: Bottle, Film & Sheet,  Food packaging and Others
4.2.3: United States Polyethylene Terephthalate Resin Market
4.2.4: Canadian Polyethylene Terephthalate Resin Market
4.2.5: Mexican Polyethylene Terephthalate Resin Market
4.3: European: Polyethylene Terephthalate Resin Market
4.3.1: Market by End Use: Food and Beverages, Consumers Goods, Industrial, Medical, Electrical and Electronics, Textiles and Others
4.3.2: Market by Product Type: Bottle, Film Sheet, and Food packaging
4.3.3: French Polyethylene Terephthalate Resin Market
4.3.4: Spain Polyethylene Terephthalate Resin Market
4.3.5: German Polyethylene Terephthalate Resin Market
4.3.6: Italian Polyethylene Terephthalate Resin Market
4.3.7: Turkey Polyethylene Terephthalate Resin Market
4.4: APAC: Polyethylene Terephthalate Resin Market
4.4.1: Market by End Use: Food and Beverages, Consumers Goods, Industrial, Medical, Electrical and Electronics, Textiles and Others
4.4.2: Market by Product Type: Bottle, Film Sheet, and Food packaging
4.4.3: Chinese: Polyethylene Terephthalate Resin Market
4.4.4: Indonesian: Polyethylene Terephthalate Resin Market
4.4.5: Japanese: Polyethylene Terephthalate Resin Market
4.5: Middle East and Africa: Polyethylene Terephthalate Resin Market
4.6: South America: Polyethylene Terephthalate Resin Market

5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Market Share Analysis
5.3: Operational Integration
5.4: Geographical Reach
5.5: Porter’s Five Forces Analysis

6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Polyethylene Terephthalate Resin Market by End Use
6.1.2: Growth Opportunities for the Polyethylene Terephthalate Resin Market by Product Type
6.1.3: Growth Opportunities for the Polyethylene Terephthalate Resin Market by Region
6.2: Emerging Trends in the Polyethylene Terephthalate Resin Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Mergers and Acquisitions

7. Company Profiles of Leading Players
7.1: Indorama Ventures Public Company Limite
7.2: Alpek
7.3: Far Eastern New Century Corporation
7.4: Sinopec Group
7.8: Nan  ya  Plastic
7.9: Jiangsu Sanfangxiang Group Co. Ltd.
7.10: Hengyi Petrochemical Co.Ltd.
7.11: Sabic
7.12: JBF Industries ltd.
7.13: Reliance Industries
7.14: Zhejiang Zhink Group Co. Ltd
.

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Full Report: Polyethylene Terephthalate Resin Market: Market Size, Trends and Growth Analysis [2023-2028] Full Report $ 4,850
116 figures/charts and 102 tables are provided in this 214 - page report
Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
  • In-depth interviews of the major players in this market
  • Detailed secondary research from competitors’ financial statements and published data 
  • Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
  • A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
 
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process. 
 

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