Polyethylene Terephthalate Market Size, Trends And Market Forecast For 2023-2032

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

As per the polyethylene terephthalate market report by The Business Research Company, the rising demand for polyethylene terephthalate in food and beverage packaging, such as carbonated soft drink 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.

The global polyethylene terephthalate market size will grow from $39.18 billion in 2022 to $42.71 billion in 2023 at a compound annual growth rate (CAGR) of 9.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global polyethylene terephthalate market size is expected to grow from $59.39 billion in 2027 at a CAGR of 8.6%.

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Major competitors in the polyethylene terephthalate market include 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 polyethylene terephthalate market is segmented -
• By Product Type: Virgin, Recycle

• By Application: Beverages, Sheets & Films, Consumer Goods, Food Packaging, Other Applications (Cosmetic Bottles and Household Products)

• By End User Industry: Packaging, Electrical & Electronics, Automotive, Construction, Other End Use Industries (Material Handling and Strapping)

• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the polyethylene terephthalate market.

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Polyethylene terephthalate is a high-gloss, break resistant transparent plastic. These are general-purpose thermoplastic polymers produced by the reaction of mono ethylene glycol (MEG) and purified terephthalic acid (PTA) and are known for their excellent combination of mechanical, thermal, chemical, and dimensional stability.

The Table Of Content For The Polyethylene Terephthalate Market Include:
1. Executive Summary
2. Polyethylene Terephthalate Market Characteristics
3. Polyethylene Terephthalate Market Trends And Strategies
4. Polyethylene Terephthalate Market - Macro Economic Scenario
5. Polyethylene Terephthalate Market Size And Growth
6. Polyethylene Terephthalate Market Segmentation
……
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

The "Global Polyethylene Terephthalate Market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.

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