Polyethylene Terephthalate Global Market Size, Share, Outllok, By Product Type, By Application, By End User, By Regional Forecast 2022-2031

The global polyethylene terephthalate market report by the business research company identifies The rising demand for polyethylene terephthalate in food and beverages packaging such as carbonated soft drinks packaging contributed to the growth of the polyethylene terephthalate market. The increasing demand for bottled drinks and glass and metal container replacements finds no better alternatives to polyethylene terephthalate, due to its versatility in shape and size. According to the springer report 2019, the global production of plastics is over 300 million tons, 20% of which is produced in China. China is not only the largest producer of polyethylene terephthalate but also the largest consumer of the world. The rising demand in the food and beverages packaging industry increased the demand for polyethylene terephthalate during the historic period, driving the market.

The global polyethylene terephthalate market size is expected to grow from $35.47 billion in 2021 to $39.23 billion in 2022 at a compound annual growth rate (CAGR) of 10.6%. The global polyethylene terephthalate market size is expected to grow to $57.19 billion in 2026 at a CAGR of 9.9%.

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Asia Pacific was the largest region in the polyethylene terephthalate market in 2021. North America was the second-largest region in the global polyethylene terephthalate market. The regions covered in the global polyethylene terephthalate market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

Major players in the polyethylene terephthalate market are Far Eastern New Century Corporation, Hengli Group Co. Ltd, Indorama Ventures Public Company Limited, JBF Industries Ltd, Jiangsu Sanfangxiang Group, Lotte Chemical Corporation, Octal, Reliance Industries Ltd, Saudi Basic Industries Corporation (SABIC), and Sinopec Group.

The global polyethylene terephthalate market is segmented -
1) By Product Type: Virgin, Recycle
2) By Application: Beverages, Sheets & Films, Consumer Goods, Food Packaging, Other Applications (Cosmetic Bottles and Household Products)
3) By End User Industry: Packaging, Electrical & Electronics, Automotive, Construction, Other End Use Industries (Material Handling and Strapping)

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The Polyethylene Terephthalate Market Report Contents Include
1. Executive Summary
2. Polyethylene Terephthalate Market Characteristics
3. Polyethylene Terephthalate Market Trends And Strategies
4. Impact Of COVID-19 On Polyethylene Terephthalate
5. Polyethylene Terephthalate Market Size And Growth
.....
26. Africa Polyethylene Terephthalate Market
27. Polyethylene Terephthalate Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Polyethylene Terephthalate Market
29. Polyethylene Terephthalate Market Future Outlook and Potential Analysis
30. Appendix

This report covers the trends and market dynamics of the polyethylene terephthalate market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.

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