Polyethylene Terephthalate Market Snapshot and Segmental Outlook
The global polyethylene terephthalate market size is anticipated to reach USD 47.46 billion by 2025 and register a CAGR of 5.6% over the forecast period, according to a new report by Grand View Research, Inc. Polyethylene terephthalate is produced by the polymerization of ethylene glycol and terephthalic acid. Features such as increased strength and flexibility, lightweight, and non-toxic nature have made the material a preferred choice for packaging. PET finds wide uses in applications such as beverage packaging, consumer goods, and food packaging as it can efficiently be reused after recycling.
The globally increasing demand for efficient and eco-friendly packaging solutions coupled with the rising consumption of packaged & processed food has resulted in an increased demand for PET in food packaging applications. Moreover, the shifting trend of consumers toward the use of recyclable containers for food packaging is further boosting the demand for PET. Various other properties offered by the material also make it ideal for use in films and sheets, which are highly demanded by the medical packaging industry.
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Various advancements are being made in PET to efficiently meet the needs of consumers and brand owners, which include enhanced food safety, improved sustainability, and reduced cost. Manufacturers of PET are focusing on product innovations and expansion of their production capacity to cater to the growing demand for sustainable and bio-based PET. This is one of the key drivers expected to propel the PET market growth over the forecast period.
Further key findings from the study suggest:
• The polyethylene terephthalate market was valued at USD 25,246.8 million in 2018 and is expected to register a CAGR of 5.6% from 2019 to 2025
• The rising demand for environment-friendly and energy-saving products and solutions for packaging is expected to drive the market growth
• The packaging segment accounted for the largest revenue share in 2018 on account of its increasing use in food and non-food packaging applications
• The films & sheets segment accounted for a market share of 12.89% in 2018 and is projected to register a CAGR of 5.6% over the forecast period
• The focus of various governments on improving indoor air quality and establishing stringent environmental regulations is anticipated to drive the demand for PET-based packaging
• Key players active in the polyethylene terephthalate market include BASF SE, M&G Chemicals, SABIC, Arkema, Evonik Industries, and The Sherwin-Williams Company.
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Table of Contents
Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
1.3.1. Purchased Database
1.3.2. GVR's Internal Database
1.3.3. Secondary Sources & Third-Party Perspectives
1.3.4. Primary Research
1.4. Information Analysis
1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
Chapter 2. Executive Summary
2.1. Market Snapshot
2.2. Segmental Outlook
Chapter 3. Market Variables, Trends, and Scope
3.1. Market Lineage Outlook
3.1.1. Global Plastics Market
3.1.2. Global Polyethylene Terephthalate (PET) Market
3.2. Penetration & Growth Prospect Mapping
3.3. Industry Value Chain Analysis
3.3.1. Raw Material Trends
3.3.2. Manufacturing Trends
3.4. Technology Overview
3.5. Regulatory Framework
3.6. Market Dynamics
3.6.1. Market Driver Analysis
3.6.2. Market Restraint Analysis
3.7. Industry Analysis - Porter's
3.8. PESTEL Analysis
Chapter 4. Polyethylene Terephthalate (PET) Market: Application Estimates & Trend Analysis
4.1. Application Movement Analysis & Market Share, 2016 & 2025
4.2. Packaging
4.2.1. Market in packaging application estimates and forecasts, 2014 - 2025 (Kilotons) (USD Million)
4.2.2. Market in packaging application estimates and forecasts, by region, 2014 - 2025 (Kilotons)
4.2.3. Market in packaging application estimates and forecasts, by region, 2014 - 2025 (USD Million)
4.3. Films & Sheets
4.3.1. Market in films & sheets application estimates and forecasts, 2014 - 2025 (Kilotons) (USD Million)
4.3.2. Market in films & sheets application estimates and forecasts, by region, 2014 - 2025 (Kilotons)
4.3.3. Market in films & sheets application estimates and forecasts, by region, 2014 - 2025 (USD Million)
4.4. Others
4.4.1. Market in other applications estimates and forecasts, 2014 - 2025 (Kilotons) (USD Million)
4.4.2. Market in other applications estimates and forecasts, by region, 2014 - 2025 (Kilotons)
4.4.3. Market in other applications estimates and forecasts, by region, 2014 - 2025 (USD Million)
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Chapter 5. Polyethylene Terephthalate (PET) Market: Packaging Application Estimates & Trend Analysis
5.1. Packaging Application Movement Analysis & Market Share, 2016 & 2025
5.2. Bottled Water
5.2.1. Market in bottled water estimates and forecasts, 2014 - 2025 (Kilotons) (USD Million)
5.2.2. Market in bottled water estimates and forecasts, by region, 2014 - 2025 (Kilotons)
5.2.3. Market in bottled water estimates and forecasts, by region, 2014 - 2025 (USD Million)
5.3. Carbonated Soft Beverages
5.3.1. Market in carbonated soft beverages estimates and forecasts, 2014 - 2025 (Kilotons) (USD Million)
5.3.2. Market in carbonated soft beverages estimates and forecasts, by region, 2014 - 2025 (Kilotons)
5.3.3. Market in carbonated soft beverages estimates and forecasts, by region, 2014 - 2025 (USD Million)
5.4. Juices
5.4.1. Market in juices estimates and forecasts, 2014 - 2025 (Kilotons) (USD Million)
5.4.2. Market in juices estimates and forecasts, by region, 2014 - 2025 (Kilotons)
5.4.3. Market in juices estimates and forecasts, by region, 2014 - 2025 (USD Million)
5.5. Alcoholic Beverages
5.5.1. Market in alcoholic beverages estimates and forecasts, 2014 - 2025 (Kilotons) (USD Million)
5.5.2. Market in alcoholic beverages estimates and forecasts, by region, 2014 - 2025 (Kilotons)
5.5.3. Market in alcoholic beverages estimates and forecasts, by region, 2014 - 2025 (USD Million)
5.6. Thermoforming Trays
5.6.1. Market in thermoforming trays estimates and forecasts, 2014 - 2025 (Kilotons) (USD Million)
5.6.2. Market in thermoforming trays estimates and forecasts, by region, 2014 - 2025 (Kilotons)
5.6.3. Market in thermoforming trays estimates and forecasts, by region, 2014 - 2025 (USD Million)
5.7. Food Packaging
5.7.1. Market in food packaging estimates and forecasts, 2014 - 2025 (Kilotons) (USD Million)
5.7.2. Market in food packaging estimates and forecasts, by region, 2014 - 2025 (Kilotons)
5.7.3. Market in food packaging estimates and forecasts, by region, 2014 - 2025 (USD Million)
5.8. Non-Food Packaging
5.8.1. Market in non-food packaging estimates and forecasts, 2014 - 2025 (Kilotons) (USD Million)
5.8.2. Market in non-food packaging estimates and forecasts, by region, 2014 - 2025 (Kilotons)
5.8.3. Market in non-food packaging estimates and forecasts, by region, 2014 - 2025 (USD Million)
5.9. Others
5.9.1. Market in others estimates and forecasts, 2014 - 2025 (Kilotons) (USD Million)
5.9.2. Market in others estimates and forecasts, by region, 2014 - 2025 (Kilotons)
5.9.3. Market in others estimates and forecasts, by region, 2014 - 2025 (USD Million)
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