Amorphous Polyethylene Terephthalate (APET) Market Analytical Insights, 2017 to 2025
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High strength, lightweight, optical clarity, inertness, and stiffness are factors driving the APET market. The recyclable property is also anticipated to boost the APET market. In terms of applications, the bottles segment is anticipated to dominate the APET market during the forecast period. APET bottles are clear and inert. Thus, demand for APET bottles is increasing in packaging of soft drinks. In terms of end-use industry, the packaging segment is expected to dominate the market in the next few years. APET provides effective barrier against water, nitrogen, oxygen, and carbon dioxide. Furthermore, it has low flavor absorption properties. Therefore, APET can be employed in modified atmosphere packaging. Thus, demand for APET is rising for food packaging applications.
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North America is expected to account for significant share of the market during the forecast period. High consumption of carbonated drinks and ready-to-eat food products is boosting the APET market in the region. Demand for APET in Asia Pacific is rising at a rapid pace. Increase in consumption of FMCG and packaged food materials is propelling the APET market in Asia Pacific. The APET market in Middle East & Africa and Latin America is likely to expand at a sluggish pace during the forecast period.
Major players operating in the global APET market include Invista, Reliance Industries Ltd., M&G Chemicals SA, Teijin Ltd., and The Quadrant Group of Companies.
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