Polyethylene Terephthalate Market Insights by Leading Companies | Placon ,Clear Path Recycling , Verdeco Recycling Inc., Indorama Ventures Public Company Limited

Global Polyethylene Terephthalate Market research report: Information by Product (carbonated soft drink, bottled water, sheet & films, food, non-food and others) by Application (food and beverage, automotive, electronics, others) – Forecast till 2023

Polyethylene terephthalate Market :

Polyethylene terephthalate also known as PET, PETE is a thermoplastic polymer resin most commonly used as an efficient packaging material in packaging of water bottles, fibers in clothing, and containers. The advantages of polyethylene terephthalate such as tensile strength, recyclability, and versatility among others pave their way into many end-use industries.

The major end-use industries includes, automobiles, electronics, food & beverage, and others. The growing use of polyethylene terephthalate in packaging owing to its ability to bear enhanced weight, in turn reducing transportation cost is the major factor positively driving the market growth. Moreover, the growing international trade coupled with the increasing demand from the food and beverage industry in the developing regions is also substantially contributing to the growth of the market

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Key Players:

Placon (U.S.), Clear Path Recycling (U.S.), Verdeco Recycling Inc. (U.S.), Indorama Ventures Public Company Limited (Thailand), M & G Chemicals (Luxembourg), Zhejiang Anshun Pettechs Fiber Co., Ltd (China), PolyQuest (U.S.), Evergreen Plastics (U.S.), Phoenix Technologies (U.S.), Montello SPA (Italy), and LIBOLON (Taiwan).

Among the various application segments of polyethylene terephthalate, the food & beverage is the largest segment and is expected to show the same trend during the forecast years. Food 7 beverage accounted for over 45% of market share and is expected to grow with a considerable CAGR.

Segmentation:

The global recycled polyethylene terephthalate market is segmented into product, application, and region.

On the basis of the product, the market is divided into clear and colored.

Based on the application, the global market is segregated into fiber, food & non-food bottles, sheet & film, strapping, and others.

Geographically, the market is divided into five key regions: Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa.

Leading Regions Analysis:

Europe is expected to grow at a staggering rate during the forecast period. This is with respect to increase in the packaged food and beverages consumption. What growing trend for direct processing for the production of food contact grade from PET waste is growing is encouraging RPET players to invent new techniques. EREMA, a plastic recycling plant re-launched the Multi-Purpose Reactor, which can be used to enhance the existing extrusion plant by adding the attribute of food contact compliance.

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North America is another prominent region in the global RPET market as a result of increasing demand for environment-friendly products. Growing packaging and apparel industry is majorly influencing the market growth in this region. In 2016, California based PET resins manufacturing, and Verdeco recycling opened a new PET recycling facility in Indiana.Asia Pacific accounted for the largest market share in the global recycled polyethylene terephthalate (RPET) in 2016. Growing consumption of packaged food and PET bottles in India are increasing the market for RPET.

TABLE OF CONTENTS:

1 Executive Summary

2 Scope Of The Report

2.1 Market Definition

2.2 Scope Of The Study

2.2.1 Research Objectives

2.2.2 Assumptions & Limitations

2.3 Markets Structure

3 Market Research Methodology

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This release was published on openPR.