Polyethylene Terephthalate Glycol (PETG) Industry Growth | Clear Packaging & Label Films Demand Rises Across Consumer Goods Sector

Polyethylene Terephthalate Glycol (PETG) Market reached US$ 790.0 Million in 2022 and is expected to reach US$ 1,008.5 Million by 2031, growing with a CAGR of 3.1% during the forecast period 2024-2031.

DataM Intelligence has published a new research report on ""Polyethylene Terephthalate Glycol Market Size 2025"". The report explores comprehensive and insightful Information about various key factors like Regional Growth, Segmentation, CAGR, Business Revenue Status of Top Key Players and Drivers. The purpose of this report is to provide a telescopic view of the current market size by value and volume, opportunities, and development status.

South Korea's SK Chemicals has acquired Shuye Environmental Technologies for US$100 million, strengthening their long-standing partnership. Earlier, in 2021, SK Chemicals had invested 23 billion Won for a 10% stake in Shuye and secured an off-take agreement for 20,000 tons of chemically recycled raw materials. This acquisition supports SK Chemicals' strategic push toward sustainable and eco-friendly packaging solutions.

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Latest M&A Activity

Mergers and acquisitions in the PETG market are driven by consolidation among leading chemical manufacturers aiming to expand production capacity and enhance technological capabilities to serve the rising demand across packaging, medical, and 3D printing applications.

Key players such as Eastman Chemical and SK Chemicals continue to strengthen their positions through strategic partnerships and acquisitions, focusing on bio-based PETG development and advanced recycling solutions.

Additionally, emerging Asia-Pacific producers are forming joint ventures to localize manufacturing, mitigate supply chain vulnerabilities, and deliver sustainable PETG alternatives.

Key Players:

Eastman Chemical Company, SK Chemicals, Lotte Chemical Corporation, Dow Inc., Teijin Limited, SABIC, Indorama Ventures Public Company Limited, Nan Ya Plastics Corporation, Shinkong Synthetic Fibers Corporation and Far Eastern New Century Corporation.

New Product Launches and Innovations

Mitsui Chemicals introduced a biodegradable PETG blend for electronics and household goods, aligning with global sustainability goals and regulatory trends.​

Several producers are launching semi-crystalline PETG grades offering improved chemical resistance and enhanced mechanical properties suited for high-performance packaging and medical applications.​

Recycling initiatives and closed-loop supply chains are increasingly implemented, with companies investing in PETG recycling technologies to reduce environmental impact.

Growth Forecast Projected:

The Global Polyethylene Terephthalate Glycol Market is anticipated to rise at a considerable rate during the forecast period, between 2025 and 2032. In 2024, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

Research Process:

Both primary and secondary data sources have been used in the global Polyethylene Terephthalate Glycol Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

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Key Segments:

By Product: (Extruded Grades, Injection Molding Grade, Blow Molding Grade)

By Shrinkage: (Shrinkage Less Than 60%, Shrinkage 60-70%, Shrinkage Greater Than 70%)

By Thickness: (2mm, 3mm, 4mm, 5mm)

By Application: (Prototypes, Blister Packaging, 3-D Printing, Thermoformed Plastic Clamshell, Food Trays, Others)

By End-User: (Food & Beverages, Building & Construction, Electronics & Electricals, Automotive, Healthcare & Pharmaceuticals, Others)

Regional Analysis for Market:

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

Benefits of the Report:

Chapter 1: Sets the stage by outlining the report's coverage, summarizing key market segments by region, product type, and application. Presents a snapshot of market sizes, growth potential across segments, and anticipated industry evolution both short and long term.

Chapter 2: Highlights pivotal market insights and uncovers the most significant emerging trends driving change within the industry.

Chapter 3: Offers an in-depth look at the competitive landscape among Polyethylene Terephthalate Glycol producers, including revenue shares, strategic moves, and recent mergers and acquisitions.

Chapter 4: Presents comprehensive profiles of the market's key players, delving into details such as revenue, profit margins, product portfolios, and company milestones.

Chapters 5 & 6: Analyze Polyethylene Terephthalate Glycol revenue at both regional and country levels, providing quantitative breakdowns of market sizes, growth opportunities, and development prospects worldwide.

Chapter 7: Focuses on different market segments by type, examining their individual sizes and potential, guiding readers toward high-impact, untapped market areas.

Chapter 8: Explores segmentation by application, evaluating industry growth potential in various downstream markets and pinpointing promising sectors for expansion.

Chapter 9: Provides a thorough review of the industry's supply chain mapping out both upstream and downstream activities.

Chapter 10: Concludes with a summary of the report's key findings and highlights the most critical takeaways for industry stakeholders.

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Recent Market News and Trends

The PETG market was valued at approximately USD 2.94 billion in 2025 and is expected to grow steadily to around USD 4.08 billion by 2035, at a CAGR of about 3.3%.​

Demand is driven by applications requiring high clarity, chemical resistance, and thermoformability such as food and beverage packaging, healthcare devices, and consumer electronics casings.

Sustainability is paramount, with the rise of bio-based and recyclable PETG grades supported by evolving environmental regulations and circular economy initiatives.​

Advancements in additive manufacturing using PETG filament boost growth, especially in automotive, aerospace, and prototyping sectors where durability and flexibility are critical.​

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