Polyethylene Terephthalate Market Analysis, Size, Growth, Share & Forecast to 2025 | Grand View Research Inc.
“Polyethylene Terephthalate Market Size Worth $47.46 Billion By 2025”
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. 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.
Browse Details of Report @ https://www.grandviewresearch.com/industry-analysis/polyethyleneterephthalate-market 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
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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.
Grand View Research has segmented the Polyethylene Terephthalate market on the basis of application, packaging application, and region: Polyethylene Terephthalate Application Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025) Packaging
Films & Sheets
Others
Polyethylene Terephthalate Packaging Application Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025) Bottled Water
Carbonated Soft Beverages
Juices
Alcoholic Beverages
Thermoforming Trays
Food Packaging
Non-Food Packaging
Others
Polyethylene Terephthalate Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025) North America
o
U.S.
o
Canada
o
Mexico
Europe
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o
Germany
o
France
o
U.K.
o
Italy
Asia Pacific o
China
o
India
o
Japan
o
South Korea
Central & South America o
Brazil
o
Argentina
Middle East & Africa o
Saudi Arabia
o
South Africa
Table of Content 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
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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 Continue………….. About Grand View Research, Inc.: Grand View Research, Inc. is a U.S. based market y provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and factbased research across a range of industries including technology, chemicals, materials, healthcare and energy. Contact: Sherry James Corporate Sales Specialist, USA Grand View Research, Inc Phone: 1-415- 349-0058 Toll Free: 1-888- 202-9519 Email:sales@grandviewresearch.com For More Information:http://www.grandviewresearch.com
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