Market Research Logo

Global Polyethylene Terephthalate Market - Segmented by Application, Product Type and Geography - Growth, Trends and Forecast (2018 - 2023)

Global Polyethylene Terephthalate Market - Segmented by Application, Product Type and Geography - Growth, Trends and Forecast (2018 - 2023)

The Global Polyethylene Terephthalate market is estimated to register a significant CAGR during the forecast period. The Bottles segment is expected to hold the largest share among all the product types, in 2017. China is expected to dominate the global market in terms of demand, during the forecast period.

Environmental Benefits of Recycling PET to Propel Growth of the Market

PET is recycle-friendly as its polymer chains breakdown at a low temperature, resulting in minimal degradation of the polymer chain during the recycling process. This ensures PET to be recycled numerous times before it becomes unfeasible for further recycling. This feature further improves PET’s sustainability for recovering and reusing resources and energy. This loop of recycling PET bottles into food-grade containers is one of the most desirable means of extending environmental benefits and the sustainability of PET as a packaging material. In general, recycled bottles are used to make lower grade products, carpets for example. Recycling of PET would help in reducing mankind’s dependence on oil & gas, reduces landfill waste and reduces greenhouse gas emissions.

Bottles hold the Largest Share of Product Type Segment

PET is the chosen polymer to pack a wide variety of products viz. food, beverages, cosmetics, pharmaceuticals, household chemicals, and toiletries. PET bottles are widely used as packaging materials for consumable products owing to their excellent moisture and water barrier characteristics. PET is also used to manufacture tough, clear industrial sheet, which can be thermoformed. Owing to these excellent material properties, PET is extensively used as a packaging material for beverages and is one of the most suitable materials for the packaging of natural mineral and spring water. As a result, the use of bottles manufactured from PET has increased drastically in the recent times.

Asia-pacific holds Majority of the Global Market

The PET market in the Asia-Pacific region is driven by the factors, such as population growth, rise in disposable income, urbanization in developing economies, and growing demand for fast moving consumer goods. China accounted for approximately 20% of the global market and the demand is expected to grow drastically during the forecast period. In China, the bottles segment dominated the regional market with the bottled water sector being the largest consumer of PET bottles. India, Japan and South Korea are also expected to witness significant growth during the forecast period.

Notable Developments in the Market

March 2018: Indorama was to acquire Brazilian PET manufacturer, M&G Polimeros Brazil S.A
January 2018: Indorama was in plans to buy M&G West Virginia PET plant

Major Players: Indorama, Alpek, China Resources Chemicals (Huarun), and Sinopec, among others.

Reasons to Purchase this Report

Analyzing various perspectives of the market with the help of Porter’s five forces analysis
To understand the dominating end-user and application in the market
Countries expected to witness the fastest growth during the forecast period
Identifying the latest developments, market shares, and strategies employed by the major market players
3-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 Scope of the Report
1.2 Research Phases
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
3.3 Raw Material Analysis
4. Market Dynamics
4.1 Drivers
4.1.1 Growing Food & Beverages Industry
4.1.2 Increasing Recycling of PET Bottles
4.1.3 Other Drivers
4.2 Restraints
4.2.1 Stringent Regulations Regarding PET Use
4.2.2 Other Restraints
4.3 Opportunities
4.3.1 Advent of Bio-based PET
4.3.2 Other Opportunities
5. Market Segmentation and Analysis (Market Size, Growth, and Forecast)
5.1 By Product Type
5.1.1 Bottles
5.1.2 Films and Sheets
5.1.3 Packaging
5.1.4 Others
5.2 By Application
5.2.1 Food & Beverage
5.2.2 Automotive
5.2.3 Electrical & Electronics
5.2.4 Healthcare
5.2.5 Consumer Appliances
5.2.6 Others
6. Future of the Market
7. Regional Market Analysis (Market Size, Growth, and Forecast)
7.1 North America
7.1.1 United States
7.1.2 Canada
7.1.3 Mexico
7.1.4 Rest of North America
7.2 Europe
7.2.1 Germany
7.2.2 United Kingdom
7.2.3 Italy
7.2.4 France
7.2.5 Spain
7.2.6 Russia
7.2.7 Rest of Europe
7.3 Asia-Pacific
7.3.1 China
7.3.2 India
7.3.3 Japan
7.3.4 South Korea
7.3.5 ASEAN Countries
7.3.6 Rest of Asia-Pacific
7.4 South America
7.4.1 Brazil
7.4.2 Argentina
7.4.3 Rest of South America
7.5 Middle East & Africa
7.5.1 Saudi Arabia
7.5.2 United Arab Emirates
7.5.3 South Africa
7.5.4 Rest of Middle East & Africa
8. Competitive Landscape
8.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements
8.2 Market Share Analysis**
8.3 Strategies Adopted by Leading Players
9. Company Profiles (Overview, Financials**, Products & services, Recent Developments, and Analyst View)
9.1 Indorama
9.2 Alpek
9.3 China Resources Chemicals (Huarun)
9.4 M&G Group
9.5 Far Eastern
9.6 Jiangsu Sanfangxiang (SFX)
9.7 Sinopec
9.8 JBF
9.9 Reliance
9.10 Octal
9.11 Lotte
9.12 SABIC
9.13 Hengyi Group
9.14 Zhejiang Zhink
9.15 Xiang Lu Tenglong
9.16 Hengli
*List Not Exhaustive
10. Disclaimer
**Subject to Availability in Public Domain

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook

Share this report