PET Market was worth US$ 28.96 Bn. in 2022 and total revenue is expected to grow at a rate of 7.01 % CAGR from 2023 to 2029, reaching almost US$ 46.54 Bn. in 2029.PET Market Overview:
PET is the very common thermoplastic polymer resin & is used in fibres for clothing, bottles for liquids & foods, thermoforming for engineering, & in mixture with glass fiber for manufacturing resins. Polymer chin PET plastic has become the world’s choice in the packaging segment. It is extensively used for the packaging of many food & beverage products as it is clean, strong, & lightweight. It holds the freshness of the products & does not shatter. The maximum total production of PET is for synthetic fibres (up to 60 percent), with bottle production hold for around 30 percent of global demand. The global emphasis on eco-friendly conservation has caused in the rapid adoption of bio-based products. This has affected many end-use businesses which are facing customer demand for eco-friendly packaging. Food and beverage, beauty & personal care, electrical and electronics and consumer appliances among others are presenting products which have green packaging, thus motivating the demand for bio-based PET. Also, the hazardous effect of plastic on the environment collective with strict regulations, prohibition single-use plastic is anticipated to offer the bio-based PET market with increasing demand. Another significant factor which helps the increasing demand for bio-based PET is the changing cost of crude oil. Usage of plant sources like sugar cane & corn which are amply available are projected to lead to an optimistic outcome for the bio-based plastics segment. Growth in technology for the making of bio-based plastic will expected advance the market & proposal opportunities for development during the forecast period.To know about the Research Methodology :- Request Free Sample Report
PET Share, by the Application (%)
The packaging sector proposals maximum market potential in the PET, due to the rise in demand for PET materials for well-organized & eco-friendly packaging replacements globally. It also proposals a rise in demand for packed and processed food. Also, a rise in the leaning of customers toward effective and effortlessly recyclable beverage vessels & growth in use as an eco-friendly alternatives further boost the development of this sector. The use of Polyethylene terephthalate in electrical and electronics has also seen major growths, due to constant development in per-capita disposable income & increase in demand for lightweight materials.However, escalation in the stringent government rules & regulation related with the use of polyethylene terephthalate material, rise in the availability of alternative product in the market & less PET recycling rates owing to high pollution are the key factor among others acting as a limitation, & will further challenge the development of polyethylene terephthalate market during the forecast period. MMR polyethylene terephthalate market report delivers details of new developments, trade rules, import export analysis, production analysis, value chain analysis, market share, influence of local market players, studies opportunities in terms of developing revenue pockets, changes in market rules, strategic market development analysis, market size, segment developments, application niches & dominance, technical innovations in the market.Price Analysis:
The bearish corn in the virgin plastics market owing to major production volumes planned to come online both in China & the United States will test brand holders’ promises to buying recycled plastics in the year 2020. In the United States, 34.35 Mn mt/yr of polyethylene terephthalate capacity will be added in the year 2023 and during the forecast period, the market is expecting Lyondellbasell 550,000 mt/yr HDPE plant to start up by the end of 2022. In the face of inexpensive virgin material, product owners will either bite the bullet & endure buying the more costly recycled material, or decrease recycled plastic buying to least levels. This positions a changed problem, since key player owner promises to minimum recycled plastic content in their packaging are fast approaching. Supply was complete stable with a rare plant in Thailand, India & China. China Resources Chemical started up a novel 500,000 tonnes per year plant in H1 May however Zhejiang Wankai New Material resumed its lines with collective capacity of 400,000 tonnes per year after 7 months of care. Several Asian manufacturers had low-to-manageable records. Some trade flows seen more activity while others less, affected by demand at the terminus area, shipping obtainability and freight prices. The high demand in for Asian cargo in America despite heavy cargo costs as supply in the Americas continued tight while end-use demand was vigorous. Demand from European countries for Asian cargo was reduced by great freight prices which caused Asian cargo to drop price competitiveness. Demand was steady from Africa, Middle East & within Asia Pacific The objective of the report is to present a comprehensive analysis of the PET market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the PET market dynamics, structure by analyzing the market segments and project the PET market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the PET market make the report investor’s guide.PET Market Scope: Inquire before buying
PET Market Report Coverage Details Base Year: 2022 Forecast Period: 2023-2029 Historical Data: 2018 to 2022 Market Size in 2022: US $ 28.96 Bn. Forecast Period 2023 to 2029 CAGR: 7.01% Market Size in 2029: US $ 46.54 Bn. Segments Covered: by Application Packaging Electrical & Electronics Automotive Construction Others PET Market, by Region
North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (razil, Argentina Rest of South America)Key Player:
1. RTP Company 2. BASF 3. DuPont 4. DSM 5. M&G Group 6. Indorama Ventures 7. PET Processors LLC. 8. Lanxess Corporation 9. Nan Ya Plastics 10. Lyondell Basell Industries N.V. 11. Toray Industries 12. Jiangsu Sanfangxiang Group 13. Far Eastern New Century 14. Quadrant AG, Tray-Pak Corporation, 15. Verdeco Recycling Inc. 16. Eastman Chemical Company 17. lpek S.A.B de C.V. 18. Reliance Industries Ltd. 19. Dhunseri Petrochem Ltd.Frequently Asked Questions:
1) What was the market size of PET Market markets in 2022? Ans - PET Market was worth US$ 28.96 Bn in 2022. 2) What is the market segment of PET Market markets? Ans -The market segments are based on Application and Region 3) What is forecast period consider for PET Market? Ans -The forecast period for PET Market is 2022 to 2029. 4) Which are the worldwide major key players covered for PET Market report? Ans – RTP Company. BASF, DuPont, DSM, M&G Group, Indorama Ventures, PET Processors LLC., Lanxess Corporation. Nan Ya Plastics, Lyondell Basell Industries N.V., Toray Industries Jiangsu Sanfangxiang Group, Far Eastern New Century, Quadrant AG, Tray-Pak Corporation, Verdeco Recycling Inc., Eastman Chemical Company, lpek S.A.B de C.V., Reliance Industries Ltd., Dhunseri Petrochem Ltd. 5) Which region is dominated in PET Market? Ans -In 2022, Asia pacific region dominated the PET Marke
1.Preface 1.1. Market Definition and Key Research Objectives 1.2. Research Highlights 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: PET Market Size, by Market Value (US$ Bn) 3.1. Global Market Segmentation 3.2. Global Market Segmentation Share Analysis, 2022 3.2.1. Global 3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 3.3. Geographical Snapshot of the PET Market 3.4. Geographical Snapshot of the PET Market , By Manufacturer share 4. PET Market Overview, 2022-2029 4.1. Market Dynamics 4.1.1. Drivers 4.1.1.1. Global 4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.2. Restraints 4.1.2.1. Global 4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.3. Opportunities 4.1.3.1. Global 4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.4. Challenges 4.1.4.1. Global 4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.5. Industry Trends and Emerging Technologies 4.1.6. Porters Five Forces Analysis 4.1.6.1. Threat of New Entrants 4.1.6.2. Bargaining Power of Buyers/Consumers 4.1.6.3. Bargaining Power of Suppliers 4.1.6.4. Threat of Substitute Products 4.1.6.5. Intensity of Competitive Rivalry 4.1.7. Value Chain Analysis 4.1.8. Technological Roadmap 4.1.9. Regulatory landscape 4.1.10. Impact of the Covid-19 Pandemic on PET market 5. Supply Side and Demand Side Indicators 6. PET Market Analysis and Forecast, 2022-2029 6.1. PET Market Size & Y-o-Y Growth Analysis. 7. PET Market Analysis and Forecasts, 2022-2029 7.1. Market Size (Value) Estimates & Forecast By Application, 2022-2029 7.1.1. Packaging 7.1.2. Electrical & Electronics 7.1.3. Automotive 7.1.4. Construction 7.1.5. Others 8. PET Market Analysis and Forecasts, By Region 8.1. Market Size (Value) Estimates & Forecast By Region, 2022-2029 8.1.1. North America 8.1.2. Europe 8.1.3. Asia-Pacific 8.1.4. Middle East & Africa 8.1.5. South America 9. North America PET Market Analysis and Forecasts, 2022-2029 9.1. Market Size (Value) Estimates & Forecast By Application, 2022-2029 9.1.1. Packaging 9.1.2. Electrical & Electronics 9.1.3. Automotive 9.1.4. Construction 9.1.5. Others 10. North America PET Market Analysis and Forecasts, By Country 10.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 10.1.1. US 10.1.2. Canada 10.1.3. Mexico 11. U.S. PET Market Analysis and Forecasts, 2022-2029 11.1. Market Size (Value) Estimates & Forecast By Application, 2022-2029 12. Canada PET Market Analysis and Forecasts, 2022-2029 12.1. Market Size (Value) Estimates & Forecast By Application, 2022-2029 13. Mexico PET Market Analysis and Forecasts, 2022-2029 13.1. Market Size (Value) Estimates & Forecast By Application, 2022-2029 14. Europe PET Market Analysis and Forecasts, 2022-2029 14.1. Market Size (Value) Estimates & Forecast By Application, 2022-2029 15. Europe PET Market Analysis and Forecasts, By Country 15.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 15.1.1. U.K 15.1.2. France 15.1.3. Germany 15.1.4. Italy 15.1.5. Spain 15.1.6. Sweden 15.1.7. CIS Countries 15.1.8. Rest of Europe 16. U.K. PET Market Analysis and Forecasts, 2022-2029 16.1. Market Size (Value) Estimates & Forecast By Application, 2022-2029 17. France PET Market Analysis and Forecasts, 2022-2029 17.1. Market Size (Value) Estimates & Forecast By Application, 2022-2029 18. Germany PET Market Analysis and Forecasts, 2022-2029 18.1. Market Size (Value) Estimates & Forecast By Application, 2022-2029 19. Italy PET Market Analysis and Forecasts, 2022-2029 19.1. Market Size (Value) Estimates & Forecast By Application, 2022-2029 20. Spain PET Market Analysis and Forecasts, 2022-2029 20.1. Market Size (Value) Estimates & Forecast By Application, 2022-2029 21. Sweden PET Market Analysis and Forecasts, 2022-2029 21.1. Market Size (Value) Estimates & Forecast By Application, 2022-2029 22. CIS Countries PET Market Analysis and Forecasts, 2022-2029 22.1. Market Size (Value) Estimates & Forecast By Application, 2022-2029 23. Rest of Europe PET Market Analysis and Forecasts, 2022-2029 23.1. Market Size (Value) Estimates & Forecast By Application, 2022-2029 24. Asia Pacific PET Market Analysis and Forecasts, 2022-2029 24.1. Market Size (Value) Estimates & Forecast By Application, 2022-2029 25. Asia Pacific PET Market Analysis and Forecasts, by Country 25.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 25.1.1. China 25.1.2. India 25.1.3. Japan 25.1.4. South Korea 25.1.5. Australia 25.1.6. ASEAN 25.1.7. Rest of Asia Pacific 26. China PET Market Analysis and Forecasts, 2022-2029 26.1. Market Size (Value) Estimates & Forecast By Application, 2022-2029 27. India PET Market Analysis and Forecasts, 2022-2029 27.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 28. Japan PET Market Analysis and Forecasts, 2022-2029 28.1. Market Size (Value) Estimates & Forecast By Application, 2022-2029 29. South Korea PET Market Analysis and Forecasts, 2022-2029 29.1. Market Size (Value) Estimates & Forecast By Application, 2022-2029 30. Australia PET Market Analysis and Forecasts, 2022-2029 30.1. Market Size (Value) Estimates & Forecast By Application, 2022-2029 31. ASEAN PET Market Analysis and Forecasts, 2022-2029 31.1. Market Size (Value) Estimates & Forecast By Application, 2022-2029 32. Rest of Asia Pacific PET Market Analysis and Forecasts, 2022-2029 32.1. Market Size (Value) Estimates & Forecast By Application, 2022-2029 33. Middle East Africa PET Market Analysis and Forecasts, 2022-2029 33.1. Market Size (Value) Estimates & Forecast By Application, 2022-2029 34. Middle East Africa PET Market Analysis and Forecasts, by Country 34.1. Market Size (Value) Estimates & Forecast by Country, 2022-2029 34.1.1. South Africa 34.1.2. GCC Countries 34.1.3. Egypt 34.1.4. Nigeria 34.1.5. Rest of ME&A 35. South Africa PET Market Analysis and Forecasts, 2022-2029 35.1. Market Size (Value) Estimates & Forecast By Application, 2022-2029 36. GCC Countries PET Market Analysis and Forecasts, 2022-2029 36.1. Market Size (Value) Estimates & Forecast By Application, 2022-2029 37. Egypt PET Market Analysis and Forecasts, 2022-2029 37.1. Market Size (Value) Estimates & Forecast By Application, 2022-2029 38. Nigeria PET Market Analysis and Forecasts, 2022-2029 38.1. Market Size (Value) Estimates & Forecast By Application, 2022-2029 39. Rest of ME&A PET Market Analysis and Forecasts, 2022-2029 39.1. Market Size (Value) Estimates & Forecast By Application, 2022-2029 40. South America PET Market Analysis and Forecasts, 2022-2029 40.1. Market Size (Value) Estimates & Forecast By Application, 2022-2029 41. South America PET Market Analysis and Forecasts, by Country 41.1. Market Size (Value) Estimates & Forecast by Country, 2022-2029 41.1.1. Brazil 41.1.2. Argentina 41.1.3. Rest of South America 42. Brazil PET Market Analysis and Forecasts, 2022-2029 42.1. Market Size (Value) Estimates & Forecast By Application, 2022-2029 43. Argentina PET Market Analysis and Forecasts, 2022-2029 43.1. Market Size (Value) Estimates & Forecast By Application, 2022-2029 44. Rest of South America PET Market Analysis and Forecasts, 2022-2029 44.1. Market Size (Value) Estimates & Forecast By Application, 2022-2029 45. Competitive Landscape 45.1. Geographic Footprint of Major Players in the PET 45.2. Competition Matrix 45.2.1. Competitive Benchmarking of Key Players By Price, Presence, Market Share, Applications and R&D Investment 45.2.2. New Product Launches and Product Enhancements 45.2.3. Market Consolidation 45.2.3.1. M&A by Regions, Investment and Verticals 45.2.3.2. M&A, Forward Integration and Backward Integration 45.2.3.3. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements 45.3. Company Profile : Key Players 45.3.1. RTP Company. 45.3.1.1. Company Overview 45.3.1.2. Financial Overview 45.3.1.3. Geographic Footprint 45.3.1.4. Product Portfolio 45.3.1.5. Business Strategy 45.3.1.6. Recent Developments 45.3.2. BASF 45.3.3. DuPont 45.3.4. DSM 45.3.5. M&G Group 45.3.6. Indorama Ventures 45.3.7. PET Processors LLC. 45.3.8. Lanxess Corporation 45.3.9. Nan Ya Plastics 45.3.10. Lyondell Basell Industries N.V. 45.3.11. Toray Industries 45.3.12. Jiangsu Sanfangxiang Group 45.3.13. Far Eastern New Century 45.3.14. Quadrant AG, Tray-Pak Corporation, 45.3.15. Verdeco Recycling Inc. 45.3.16. Eastman Chemical Company 45.3.17. lpek S.A.B de C.V. 45.3.18. Reliance Industries Ltd. 45.3.19. Dhunseri Petrochem Ltd. 46. Primary Key Insights