Report Title: "Global Polyethylene Terephthalate Market - Segmented by Application, Product Type and Geography - Growth, Trends and Forecast (2018 - 2023)"
Polyethylene Terephthalate Market (2018 – 2023) research report provides List of manufacturers, regional analysis, segmentation by type & applications and the actual process of whole Polyethylene Terephthalate industry. Polyethylene Terephthalate Market report delivers a detailed study of present and upcoming Opportunities to clarify future investment in the market.
“Polyethylene Terephthalate Market report is expected to register a CAGR of XX% over a five years forecast period.”
List of Major Key players operating in the Global Polyethylene Terephthalate Market are –
- Indorama Alpek China Resources Chemicals (Huarun) M&G Group Far Eastern Jiangsu Sanfangxiang (SFX)SinopecJBFReliance Octal Lotte SABICHengyi Group Zhejiang Zhink Xiang Lu Tenglong Hengli
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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.
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Global Polyethylene Terephthalate Market: Regional Segment Analysis (Regional Production Volume, Consumption Volume, Revenue and Growth Rate 2018-2023):
- North America (United States, Canada and Mexico)
- Europe (Germany, UK, France, Italy, Russia, Spain and Benelux)
- Asia Pacific (China, Japan, India, Southeast Asia and Australia)
- Latin America (Brazil, Argentina and Colombia)
- The Middle East and Africa
Key Questions Answered About Polyethylene Terephthalate Market:
- What is the market size and growth rate of the global and regional market by various segments?
- What is the market size and growth rate of the Polyethylene Terephthalate market for selective countries?
- Which region or sub-segment is selected is expected to drive the market in the forecast period?
- What factors are estimated to drive and restrain the market growth?
- What are the key technological and Polyethylene Terephthalate market trends shaping the market?
- What are the key companies operating in the market?
- Which company accounted for the highest market share?
Reasons to Purchase Polyethylene Terephthalate Market Report:
- The report analyses how stringent emission control norms will drive the global Polyethylene Terephthalate market.
- Analyzing various perspectives of the market with the help of Porter’s five forces analysis.
- Study on the product type that is expected to dominate the market.
- Study on the regions that are expected to witness the fastest growth during the forecast period.
- Identify the latest developments, market shares and strategies employed by the major Polyethylene Terephthalate market players.
- 3 months’ analyst support along with the Market Estimate sheet (in excel).
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Polyethylene Terephthalate Market Report TOC Includes:
- Introduction of Polyethylene Terephthalate Market
- Research Approach and Methodology
- Polyethylene Terephthalate Market Overview
- Polyethylene Terephthalate Market Segmentation
- Competitive Landscape
- Company Profiles
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