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Asia-Pacific Polyethylene Terephthalate (PET) Market - Segmented by Product Type, End-user Industry, and Geography - Growth, Trends, and Forecast (2018 - 2023)

Asia-Pacific Polyethylene Terephthalate (PET) Market - Segmented by Product Type, End-user Industry, and Geography - Growth, Trends, and Forecast (2018 - 2023)

The Asia-Pacific polyethylene terephthalate (PET) market is expected to grow at a healthy rate during the forecast period (2018 - 2023). The market is expected to expand rapidly in emerging economies, owing to rapid growth in the food & beverage end-user industry.

Rising Demand for Sustainable and Recyclable Material

The growing demand for sustainable and recyclable materials is expected to drive the Asia-Pacific PET market during the forecast period. PET is a petroleum-based product, which exhibits less environmental impact than aluminum, glass, and other packaging materials and is energy-efficient, due to its excellent capacity-to-weight ratio. Furthermore, since it is capable of accommodating more number of products in less packaging space and less weight, translating into less fuel consumption during transportation, the market is experiencing a continuous growth. The increased consumer demand for carbonated soft drinks and water bottles has hugely attributed to the growth of the market. GDP growth, high disposable income, together with tropical climate, have stimulated the sales of soft drinks in the Asia-Pacific region. High inflation has resulted in increased prices for consumer goods. Therefore, to support the growth of the soft drinks industry, manufacturers are looking to cut production and distribution costs.

Growing Food & Beverage Industry

The market for PET is driven by its easy-to-handle nature, durability, reliability, and light weight. The food & beverage industry is the largest consumer of packaging materials. This consumption can be credited to the fact that most packaging materials, such as bottles and containers, use PET. The different types of packaging materials used by the food & beverage industry are rigid plastic packaging, flexible plastic packaging, beverage cans, etc.

China to Dominate the Market

China was the global leader in PET consumption. The market in this region is driven by the population growth, rise in disposable income, urbanization in developing economies, and growing fast-moving consumer goods. China accounted for over 20% of the global market and is expected to grow rapidly during the forecast period. In China, the bottle segment dominated the regional market, with the bottled water segment being the largest consumer of pet bottles. The Asia-Pacific region, with its thriving economies and rapidly expanding population, is expected to experience the highest cumulative growth rate during the forecast period.

Notable Developments

December 2017: Indorama Ventures Public Company Limited completed the amalgamation of its four joint venture companies in India, namely, Sanchit Polymers Private Limited, Eternity Infrabuild Private Limited, Micro Polypet Private Limited, and IVL Dhunseri Petrochem Industries Private Limited. As the result of this, IVL Dhunseri Petrochem Industries Private Limited will be the resultant entity.

Major Players: BASF SE, Dow Chemical Company, SABIC, DuPont, and Indorama Ventures Public Company Limited., among others.

Reasons to Purchase this Report

To understand the impact of end-user applications on the market

Analyzing various perspectives on the market, with the help of Porter’s five forces analysis

Countries that are expected to witness the fastest growth during the forecast period

Identify the latest developments, market shares, and strategies employed by the major market players

Three-month analyst support, along with the market estimate sheet (in Excel)

Please note: This publisher does offer titles that are created upon receipt of order. If you are purchasing a PDF Email Delivery option above, the report will take approximately 2 business days to prepare and deliver.

1. Introduction
1.1 Research Phases
1.2 Scope of the Market
1.3 Study Deliverables
2. Executive Summary
3. Market Insights
3.1 Industry Value Chain Analysis
3.2 Industry Attractiveness - Porter's Five Forces Analysis
3.2.1 Bargaining Power of Suppliers
3.2.2 Bargaining Power of Consumers
3.2.3 Threat of New Entrants
3.2.4 Threat of Substitute Products and Services
3.2.5 Degree of Competition
4. Market Dynamics
4.1 Drivers
4.1.1 Increasing Demand for Carbonated Soft Drinks and Water Bottles
4.1.2 Growing Food & Beverage Industry
4.1.3 Rising Demand for Sustainable and Recyclable Materials
4.2 Restraints
4.2.1 Stringent Government Regulations
4.2.2 Other Restraints
4.3 Opportunities
4.3.1 Innovative Product Approaches by Companies
4.3.2 Increasing Recycling of PET Bottles
5. Market Segmentation and Analysis (Market Size, Growth, and Forecast)
5.1 By Product Type
5.1.1 Bottle
5.1.2 Film & Sheet Amorphous PET Crystalline PET
5.1.3 Food Packaging
5.1.4 Others
5.2 By End-user Industry
5.2.1 Food & Beverage
5.2.2 Automotive
5.2.3 Electrical & Electronics
5.2.4 Healthcare
5.2.5 Consumer Appliance
5.2.6 Others
6. Regional Market Analysis (Market Size, Growth, and Forecast)
6.1 China
6.2 India
6.3 Japan
6.4 South Korea
6.5 Australia & New Zealand
6.6 Rest of Asia-Pacific
7. Competitive Landscape
7.1 Mergers, Acquisitions, Joint Ventures, Collaborations, and Agreements
7.2 Market Share Analysis**
7.3 Strategies Adopted by Leading Players
8. Company Profiles (Overview, Financials**, Products & Services, and Recent Developments)
8.2 Alpek
8.3 Dow DuPont
8.4 Eastman Chemical Company
8.5 Far Eastern New Century
8.6 Indorama Ventures Public Company Limited
8.7 Jiangsu Sanfangxiang Group
8.8 M&G Chemicals
8.9 Nan & Plastic Industry
8.10 Sabic
8.11 Toray Industries
*List not exhaustive
9. Disclaimer
**Subject to availability on public domain

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