Japan Pet Polyethylene Terephthalate And Pet Packaging Market to Reach Valuation of US$ 58.47 by 2031
๐๐จ๐ฅ๐ฒ๐๐ญ๐ก๐ฒ๐ฅ๐๐ง๐ ๐๐๐ซ๐๐ฉ๐ก๐ญ๐ก๐๐ฅ๐๐ญ๐ ๐๐๐ซ๐ค๐๐ญ: ๐๐ง๐ญ๐ซ๐จ๐๐ฎ๐๐ญ๐ข๐จ๐งThe global polyethylene terephthalate (PET) market was valued at US$ 31.45 Bn in 2020. Expanding at a CAGR of 5.80% between 2021 and 2031, the market's opportunity is expected to reach US$ 58.47 Bn by the end of 2031. The high demand for packaged food is likely to create lucrative opportunities for market players over the next few years.
๐๐๐๐ ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ - https://www.transparencymarketresearch.com/pet-polyethylene-terephthalate-and-pet-packaging-market.html
PET (polyethylene terephthalate) refers to a recyclable, flexible, safe, and non-toxic substance. Rise in need for lightweight, packaged food items is likely to be the primary influencing factor for the global polyethylene terephthalate market. There has been a greater focus on various applications of polyethylene terephthalate by market vendors. PET resin packaging application is estimated to continue to innovate, resulting in a high growth for this market.
๐๐๐ซ๐ข๐จ๐ฎ๐ฌ ๐๐ฌ๐๐ฌ ๐จ๐ ๐๐จ๐ฅ๐ฒ๐๐ญ๐ก๐ฒ๐ฅ๐๐ง๐ ๐๐๐ซ๐๐ฉ๐ก๐ญ๐ก๐๐ฅ๐๐ญ๐
Businesses are estimated to obtain a large market share, if they provide cost-effective yet high-quality items. Making of bottles is a major application in the polyethylene terephthalate market, owing to rising demand for bottled water and carbonated soft drinks.
๐๐๐ญ ๐๐๐ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ซ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ข๐๐ฅ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ ๐๐ง๐ ๐๐ฎ๐ฌ๐ข๐ง๐๐ฌ๐ฌ ๐๐ง๐ญ๐๐ฅ๐ฅ๐ข๐ ๐๐ง๐๐ -
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The most widely used thermoplastic polymer in the world is polyethylene terephthalate (PETE or PET), which is also known as "polyester" in the textile industry. It is commonly used as a garment fabric as well. The demand for fabrics and textiles is expected to rise in the near future. Textile fibers made from PET are spun into permanent-press textiles. Polyethylene terephthalate is also widely used in the production of films. It is utilized in this category to make jar packing, snacks, frozen meat, as well as boil-in bags and lids of yoghurt. This material is also used to make microwave safe packaging, biscuit packaging, and egg trays in the food packaging sector.
๐๐๐ฆ๐๐ง๐ ๐๐จ๐ซ ๐๐๐๐ค๐๐ ๐๐ ๐ ๐จ๐จ๐ ๐๐ญ๐๐ฆ๐ฌ ๐๐ง๐ ๐๐๐ก๐ข๐๐ฅ๐ ๐ ๐ข๐ฅ๐ฆ๐ฌ ๐ญ๐จ ๐๐ซ๐ข๐ฏ๐ ๐๐ฌ๐ข๐ ๐๐๐๐ข๐๐ข๐ ๐๐จ๐ฅ๐ฒ๐๐ญ๐ก๐ฒ๐ฅ๐๐ง๐ ๐๐๐ซ๐๐ฉ๐ก๐ญ๐ก๐๐ฅ๐๐ญ๐ ๐๐๐ซ๐ค๐๐ญ
In terms of region, the global polyethylene terephthalate market is classified into principal regions of Latin America, North America, Asia Pacific, Middle East & Africa, and Europe. Regional classifications are expected to give a better understanding of regional market dynamics.
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐จ๐ซ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ ๐๐๐ฌ๐๐๐ซ๐๐ก - https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=415
Asia Pacific is likely to dominate the global polyethylene terephthalate market, with a substantial market share. The demand for polyethylene terephthalate in Asia Pacific is projected to be driven by rising intake of packaged food items and increasing demand for vehicle films in countries such as Malaysia, Indonesia, India, and China. In addition, various environmental regulations enacted by international organizations such as Intergovernmental Panel on Climate Change (IPCC), International Union for Conservation of Nature (IUCN), and Environmental Protection Agency (EPA), are expected to have an impact on the global polyethylene terephthalate market in the region.
๐๐ข๐ฌ๐ ๐ข๐ง ๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐๐ฌ ๐๐จ๐ซ ๐๐ฌ๐๐ ๐ ๐ข๐ง ๐ ๐ฅ๐๐ฑ๐ข๐๐ฅ๐ ๐๐๐๐ค๐๐ ๐ข๐ง๐ ๐๐จ๐ฅ๐ฎ๐ญ๐ข๐จ๐ง๐ฌ ๐ญ๐จ ๐๐จ๐จ๐ฌ๐ญ ๐๐๐ฆ๐๐ง๐
Polyethylene terephthalate is also frequently utilized in flexible packaging applications, owing to its distinctive physical characteristics, such as being non-reactive and shatterproof to water and food. The market is anticipated to expand as a result of increasing technical breakthroughs and advancements in packaging applications, primarily via weight reduction.
As a result of its 100% recyclable nature, high strength, improved flexibility, and lightness of weight, polyethylene terephthalate has emerged as a popular material in the packaging market. As a copolymer and homopolymer, polyethylene terephthalate is an ideal option for beverage packaging applications. In recent years, a number of firms have taken steps to develop products utilizing environment-friendly packaging materials.
๐๐จ๐ฅ๐ฒ๐๐ญ๐ก๐ฒ๐ฅ๐๐ง๐ ๐๐๐ซ๐๐ฉ๐ก๐ญ๐ก๐๐ฅ๐๐ญ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ
Reliance Industries Ltd., Egyptian Indian Polyester Co., M&G Chemicals, Indorama Ventures Public Co., Jiangsu Sanfanxiang Group Co., and Dhunseri Petrochem Ltd. are some of the leading players in the global polyethylene terephthalate (PET) market.
๐๐๐ค๐ ๐๐ง ๐๐ง๐ช๐ฎ๐ข๐ซ๐ฒ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ฒ๐ข๐ง๐ - https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=415
๐๐ฅ๐จ๐๐๐ฅ ๐๐จ๐ฅ๐ฒ๐๐ญ๐ก๐ฒ๐ฅ๐๐ง๐ ๐๐๐ซ๐๐ฉ๐ก๐ญ๐ก๐๐ฅ๐๐ญ๐ ๐๐๐ซ๐ค๐๐ญ: ๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง
Polyethylene Terephthalate Market, by Application
Beverages
Films
Food Packaging
Cosmetic Bottles
Household Products
Polyethylene Terephthalate Market, by Region
North America
U.S.
Canada
Europe
Germany
France
Italy
Spain
U.K.
Rest of Europe
Middle East & Africa
GCC Countries
South Africa
Rest of Middle East & Africa
Asia Pacific
China
Japan
India
Rest of Asia Pacific
Latin America
Brazil
Mexico
Rest of Latin America
๐๐๐จ๐ฎ๐ญ ๐๐ซ๐๐ง๐ฌ๐ฉ๐๐ซ๐๐ง๐๐ฒ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.
Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.
๐๐จ๐ง๐ญ๐๐๐ญ ๐๐ฌ:
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Transparency Market Research Inc.
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