openPR Logo
Press release

Polyethylene Terephthalate (PET) Market Resins Revolution: Market Dynamics 2023-2029

Polyethylene Terephthalate (PET) Market

Polyethylene Terephthalate (PET) Market

In the realm of thermoplastic polymers, Polyethylene Terephthalate (PET) reigns supreme, boasting a market size valued at US$ 31.16 Bn in 2022. Brace yourselves for a fascinating journey through the PET landscape as it anticipates a growth spurt of 5.4%, reaching a staggering US$ 45.03 Bn by 2029.

Unraveling the PET Tapestry
Versatility at its Core:
PET, a darling of the polyester family, takes center stage in garment fibers, fluid and meal vessels, thermoforming, and specialty resins. Whether transparent or semi-crystalline, PET's chameleon-like nature adapts to processing and heating, making it a go-to choice in textiles and packaging.

Global Polymer Powerhouse:
Accounting for 20% of global polymer output, PET sits proudly as the fourth most abundant polymer globally, following polyethylene, polypropylene, and polyvinyl chloride. Its widespread use speaks volumes about its versatility and adaptability.

Know More About The Report:

https://www.maximizemarketresearch.com/market-report/global-polyethylene-terephthalate-pet-market/23282/

Dynamics Propelling and Hindering Growth
Recyclability Revival:
PET's recyclability takes center stage as a major growth driver. Recycled PET (rPET) finds its way into various applications, from carpet fiber to clothing, furnishings, and even vehicle components. Global giants committing to using 50% recycled material in plastic packaging fuel the demand for food-grade-certified recycled materials.

Raw Material Rollercoaster:
On the flip side, fluctuating raw material prices pose a challenge. Influenced by petroleum and chemical product costs, the rise in PET resin prices adds hurdles to the packaging sector. Price sensitivity becomes a crucial factor, impacting consumer choices between PET and its alternatives.

Eco-Friendly Packaging Frontier:
Amid challenges, the silver lining is the growing need for environmentally friendly packaging. As environmental awareness rises, the demand for sustainable and recyclable packaging solutions skyrockets. Giants like PepsiCo and Keurig Dr. Pepper lead the way, pledging to use recycled material in their packaging, setting the stage for flexible and adaptable solutions.

For detailed information regarding our Research Methodology, please request the Free Sample Report:

https://www.maximizemarketresearch.com/request-sample/23282

Market Segmentation: Unraveling the Threads

Within applications, the rigid packaging segment takes the spotlight, poised to grow at a CAGR of 5.4%. PET's resilience and lightweight properties make it a staple in the packaging industry, especially for bottled water and fizzy drinks. As the beverage packaging market surges, PET containers prove more recyclable than their counterparts.

by Production Process

• Dimethyl terephthalate (DMT) process
• Terephthalic acid (PTA) process

During the forecast period, the rigid packaging segment is anticipated to grow at a compound annual growth rate (CAGR) of 5.4%. PET is widely used in the packaging industry because of its resilience and lightweight nature. The material is used in many different applications, such as the packaging of carbonated drinks and bottled water. Meanwhile, the beverage packaging market is expected to grow at the fastest rate of any end-use industry due to PET-based containers' greater suitability for recycling when compared to other materials.

by Application

• Textiles
• Rigid Packaging
• Flexible Packaging
• Photovoltaic Modules
• Thermoplastic resins
• Other

PET is a desirable substitute for other materials in the beverage packaging industry because it comes in homopolymer and copolymer varieties. Many businesses have started initiatives to produce goods in environmentally friendly packaging. For instance, the Without Waste campaign by Coca-Cola aims to collect and recycle the equivalent of every bottle or can that is sold worldwide.

by End-Use Industry

• Food and Beverage
• Automotive
• Electrical and Electronics
• Healthcare
• Consumer Goods
• Other

Please connect with our representative, who will ensure you to get a report sample here @ :

https://www.maximizemarketresearch.com/request-sample/23282

Polyethylene Terephthalate Market Key Players?

• Alpek SAB de CV
• BY Sanfame Group (Jiangsu Sanfangxiang Group)
• CR Chemical Materials Technology Inc.
• Far Eastern New Century Corporation
• Hengli Group Co. Ltd
• Indorama Ventures Public Company Limited
• JBF Industries Ltd
• Lotte Chemical Corporation
• OCTAL
• Reliance Industries Limited
• SABIC
• Sinopec Group
• Zhejiang Hengyi Group Co. Ltd
• Zhejiang Zhink Group Co. Ltd
• Mitsubishi Chemical Corporation

Table of content for the Polyethylene Terephthalate Market includes:

Part 01: Executive Summary

Part 02: Scope of the Polyethylene Terephthalate Market Report

Part 03: Polyethylene Terephthalate Market Landscape

Part 04: Polyethylene Terephthalate Market Sizing

Part 05: Polyethylene Terephthalate Market Segmentation by Type

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

For more Information Click Here @ :

https://www.maximizemarketresearch.com/request-sample/23282

Regional Hegemony - APAC Dominance:
Geographically, the Asia Pacific (APAC) region emerges as the leader, capturing nearly 40% of the market share in 2022. Growing processed food consumption and the demand for vehicle film coatings in countries like China, India, Indonesia, and Malaysia contribute to this dominance.

Our Top Trending Reports :

Global Benzotrichloride Market https://www.maximizemarketresearch.com/market-report/global-benzotrichloride-market/74900/

Global Grass-Fed Dairy Product Market https://www.maximizemarketresearch.com/market-report/global-grass-fed-dairy-product-market/100004/

Global Containerized Substation Market https://www.maximizemarketresearch.com/market-report/global-containerized-substation-market/82711/

Global Hydraulic Rubber Hose Market https://www.maximizemarketresearch.com/market-report/global-hydraulic-rubber-hose-market/32504/

Global Electronic Filter Market https://www.maximizemarketresearch.com/market-report/global-electronic-filter-market/63722/

Contact Maximize Market Research:

3rd Floor, Navale IT Park, Phase 2

Pune Banglore Highway, Narhe,

Pune, Maharashtra 411041, India

sales@maximizemarketresearch.com

+91 96071 95908, +91 9607365656

About Maximize Market Research:

Maximize Market Research is a swiftly growing enterprise that specializes in market research and corporate advisory services, serving clients globally. With our substantial impact on revenue and unwavering commitment to research excellence, we have positioned ourselves as a trusted partner to a significant portion of Fortune 500 companies. Our comprehensive range of services caters to a diverse array of industries, including but not limited to IT, telecommunications, chemicals, food and beverages, aerospace and defense, healthcare, and beyond.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Polyethylene Terephthalate (PET) Market Resins Revolution: Market Dynamics 2023-2029 here

News-ID: 3324353 • Views:

More Releases from MAXIMIZE MARKET RESEARCH PVT. LTD.

Protein Stability Analysis Market size was 1.9 Bn in 2022 and is expected to reach USD 3.8 Bn by 2029, at a CAGR of 10.10 Percent during the forecast period.
Protein Stability Analysis Market size was 1.9 Bn in 2022 and is expected to rea …
Protein Stability Analysis Market Overview Encompassing essential facets, the Protein Stability Analysis Market Report encompasses an array of significant elements, ranging from pricing analysis, strategies, micro and macro market trends, and prevailing scenarios to immediate market conditions. Moreover, the report provides a comprehensive exploration of key competitors. The report's regional insights offer a comprehensive understanding of the potential of the Protein Stability Analysis market in each individual country. Stay Ahead: Access Our
India's Electric Vehicle Market size was 326.6 Bn in 2021 and is expected to reach USD 66,070.86 Bn by 2029, at a CAGR of 94.2 Percent during the forecast period.
India's Electric Vehicle Market size was 326.6 Bn in 2021 and is expected to rea …
India's Electric Vehicle Market Overview Encompassing essential facets, the India's Electric Vehicle Market Report encompasses an array of significant elements, ranging from pricing analysis, strategies, micro and macro market trends, and prevailing scenarios to immediate market conditions. Moreover, the report provides a comprehensive exploration of key competitors. The report's regional insights offer a comprehensive understanding of the potential of the India's Electric Vehicle market in each individual country. Stay Ahead: Access Our
Online Travel Booking Market size was 616.503 Bn in 2023 and is expected to reach USD 1178.641 Bn by 2030 , at a CAGR of 9.7 Percent during the forecast period.
Online Travel Booking Market size was 616.503 Bn in 2023 and is expected to reac …
Online Travel Booking Market Overview Encompassing essential facets, the Online Travel Booking Market Report encompasses an array of significant elements, ranging from pricing analysis, strategies, micro and macro market trends, and prevailing scenarios to immediate market conditions. Moreover, the report provides a comprehensive exploration of key competitors. The report's regional insights offer a comprehensive understanding of the potential of the Online Travel Booking market in each individual country. Stay Ahead: Access Our
Portable Air Conditioner Market size was 1.17 Bn in 2023 and is expected to reach USD 1.60 Bn by 2030 , at a CAGR of 4.6 Percent during the forecast period.
Portable Air Conditioner Market size was 1.17 Bn in 2023 and is expected to reac …
Portable Air Conditioner Market Overview Encompassing essential facets, the Portable Air Conditioner Market Report encompasses an array of significant elements, ranging from pricing analysis, strategies, micro and macro market trends, and prevailing scenarios to immediate market conditions. Moreover, the report provides a comprehensive exploration of key competitors. The report's regional insights offer a comprehensive understanding of the potential of the Portable Air Conditioner market in each individual country. Stay Ahead: Access Our

All 5 Releases


More Releases for PET

Pet Travel Services Market 2020 PetSino IPATA Happy Tails Travel Pet Travel PetR …
With the slowdown in world economic growth, the Pet Travel Services industry has also suffered a certain impact, but still maintained a relatively optimistic growth, the past four years, Pet Travel Services market size to maintain the average annual growth rate of 15 from XXX million $ in 2014 to XXX million $ in 2019, BisReport analysts believe that in the next few years, Pet Travel Services market size will
Pet Veterinary Diets Market 2019 Industry Dynamics - Mars, Farmina Pet Foods, Ni …
Recent market research study Global Pet Veterinary Diets Market 2019-2024 now available with Fior Markets provides a comprehensive market analysis based on past and current situation of the market. The report covers future trends, current growth drivers, thoughtful insights, facts, market valuation, competitive spectrum, regional share, and revenue predictions. The report shows the market size, share, business growth enhancers, and obstructers, prior and current trends being followed by the market.
Recycled PET Market Share, Recycled PET Market Size, Recycled PET Market Trends, …
Scope of the Report: This study provides an overview of the global recycled PET market, tracking one market segment across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for
Pet Care Products Market is Booming Worldwide | Mars, Merrick Pet Care, Central …
HTF MI released a new market study on Global Pet Care Products Market with 100+ market data Tables, Pie Chat, Graphs & Figures spread through Pages and easy to understand detailed analysis. At present, the market is developing its presence. The Research report presents a complete assessment of the Market and contains a future trend, current growth factors, attentive opinions, facts, and industry validated market data. The research study provides
Pet Furniture Market Is Booming Worldwide | Go Pet Club, North American Pet Prod …
HTF MI recently introduced Global Pet Furniture Market study with in-depth overview, describing about the Product / Industry Scope and elaborates market outlook and status to 2023. The market Study is segmented by key regions which are accelerating the marketization. At present, the market is developing its presence and some of the key players from the complete study are Go Pet Club, North American Pet Products, MidWest Homes for Pets,
Pet Utility Products Market 2018- Advanced Pet Products, IRIS USA Inc, Costal Pe …
This report studies the global market size of Pet Utility Products in key regions like North America, Europe, Asia Pacific, Central & South America and Middle East & Africa, focuses on the consumption of Pet Utility Products in these regions. Request a Sample of this Report@ http://www.orbisresearch.com/contacts/request-sample/2304884 This research report categorizes the global Pet Utility Products market by players/brands, region, type and application. This report also studies the global market status, competition