Analysts’ Viewpoint on Polyethylene Terephthalate Market Scenario
Significant support of government environmental policies and demand for thermal insulation products are anticipated to revive the polyethylene terephthalate market growth post the coronavirus period. Apart from furniture and construction industries, companies in the polyethylene terephthalate market are diversifying their focus on rail, aerospace, and marine applications to expand revenue streams for next-gen PET foam core products. However, high density PET foam is subject to off-gassing problems with low quality foams in mattresses. Hence, companies in the polyethylene terephthalate market should adopt fusion technology and resin manufacturing techniques using nanotechnology to increase the availability of high performance PET foams. The 100% recycled PET foam is boosting the credibility of suppliers and manufacturers.
There is growing awareness about the identification of different plastics. Polyethylene terephthalate (PET) is identified by the #1 code in the triangular chasing arrows recycling logo. PET is gaining prominence in food & beverage (F&B), household products, and industrial packaging. Drinking water and convenience-size soft drinks and juices are fueling the demand for PET bottles. Other applications such as the packaging of cooking oil, peanut butter, and salad dressings are also helping manufacturers to expand their product portfolio in PET packaging solutions.
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The COVID-19 pandemic is altering the way stakeholders function in the polyethylene terephthalate market. Crude oil prices tend to influence the price of recycled plastics. Since PET and other plastics are made from the by-products of oil, falling oil prices are likely to increase the cost of recycling. Therefore, the price of recycled plastics should be supported using taxes, while encouraging sustained behavioral changes among consumers and producers to selectively collect, reuse, and recycle personal protective equipment (PPE) so that they do not clog the landfills or end up in the water bodies as plastic waste.
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Circular economy is becoming the buzzword in the PET preform machines segment. Hence, recyclers play a major role in successfully disposing off PET products and containers. However, technical limitations such as material losses after washing and grinding of PET bottles are affecting the process of recycling activities.
Recyclers lack the equipment to process PET fines into high-quality materials, thus resulting in inferior application of recycled PET. Thus, stringent regulations pertaining to plastic are slowing down the adoption of PET preform machines. Hence, recyclers are increasing their R&D efforts to establish advanced recycling lines that maintain the special characteristics of PET fines. For instance, suppliers of machinery for producing woven plastic packaging, plastic recycling, and refinement are increasing efforts to develop special recycling lines for PET fines. As such, beverage producers in Austria are making circular economy as part of their company philosophy and increasing efforts to utilize 100% recycled raw materials. Thus, circular innovations are boosting the growth of the polyethylene terephthalate market.
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While PET and HDPE (High Density Polyethylene) plastics are both excellent packaging materials, there are some distinct properties of both materials that are being studied by manufacturers in the polyethylene terephthalate market. It has been found that in terms of stress cracking, PET bottles and containers have better resistance than HDPE materials. These findings are helping polyethylene terephthalate manufacturers to unlock revenue opportunities in beverage packaging applications.
The polyethylene terephthalate market is predicted to advance at a modest CAGR during the forecast period. This is evident since PET is linked to low moldability as compared to PBT (Polybutylene Terephthalate). Furthermore, PET in amorphous form is easily affected by strong bases, boiling wate,r and alkalis. Nevertheless, several advantages of PET as compared to HDPE, polyvinyl chloride (PVC), and polycarbonate tend to offset its shortcomings.
Apart from PET bottles, manufacturers in the polyethylene terephthalate market are increasing the production of PET films. They are expanding their portfolio in dark, milky, and transparent polyethylene terephthalate films that are ideal for 3D (3 dimensional) printing.
Manufacturers in the market are developing films that can be heat-sealed, metallized, and corrugated as per specific requirements. Electrical applications of polyethylene terephthalate films include the inter-layer insulation of wound coils and transformers. Such trends are contributing to the growth of the polyethylene terephthalate market.
Attribute | Detail |
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Market Size Value in 2020 (Base Year) | US$ 31.45 Bn |
Market Forecast Value in 2031 | US$ 58.47 Bn |
Growth Rate (CAGR) | 5.8% |
Forecast Period | 2021-2031 |
Quantitative Units | US$ Bn for Value and Kilo Tons for Volume |
Competition Landscape | Company Profiles section includes overview, product portfolio, key subsidiaries or distributors, strategy & recent developments, and key financials. |
Format | Electronic (PDF) + Excel |
Market Segmentation |
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Regions Covered |
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Countries Covered |
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Companies Profiled |
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Customization Scope | Available upon Request |
Pricing | Available upon Request |
Polyethylene Terephthalate Market - Segmentation
TMR’s research study includes the detailed analysis of companies dealing in the global polyethylene terephthalate market, in terms of application and region. Various levels of market segmentation for which estimate and forecast have been provided are as follows:
Attribute | Detail |
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Application |
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Regional Analysis |
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Polyethylene Terephthalate Market is expected to reach US$ 58.47 By 2031
Polyethylene Terephthalate Market is estimated to rise at a CAGR of 5.8% during forecast period
Enhanced recyclability of PET is driving Polyethylene Terephthalate Market substantially
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.
Beverages, Films, Food Packaging, Cosmetic Bottles, Household Products are the application segments in the Polyethylene Terephthalate Market
1. Preface
1.1. Report Scope and Market Segmentation
1.2. Research Objectives
2. Assumptions and Research Methodology
2.1. Assumptions and Acronyms Used
2.2. Research Methodology
3. Executive Summary
3.1. Market Size, Indicative (US$ Bn)
3.2. Top 3 Trends
3.3. Top 2 Drivers
3.4. Top Market Restraint
3.5. Total Market Value in US$ Bn
4. Market Overview
4.1. Product Overview
4.2. Drivers and Restraints Analysis
4.2.1. Drivers
4.2.2. Restraints
4.2.3. Opportunities
4.3. Value Chain Analysis
4.4. Porter's Five Forces Analysis
4.4.1. Bargaining Power of Suppliers
4.4.2. Threat of Substitutes
4.4.3. Threat of New Entrants
4.4.4. Bargaining Power of Suppliers
4.4.5. Degree of Competition
5. Global Polyethylene Terephthalate Market: Price Trend Analysis (US$/Tons)
5.1. Market price, by Application
6. Global Polyethylene Terephthalate Market, by Application
6.1. Application Overview
6.2. Global Polyethylene Terephthalate Market Value Share Analysis by Application
6.3. Global Polyethylene Terephthalate Market Volume (Kilo Tons) Forecast, by Application
6.4. Global Polyethylene Terephthalate Market Size (US$ Bn) Forecast, by Application
6.5. Global Polyethylene Terephthalate Market Attractiveness Analysis, by Application
6.6. Global Polyethylene Terephthalate Market Value Share Analysis, by Region,
6.7. Global Polyethylene Terephthalate Market Volume (Kilo Tons) Forecast, by Region
6.8. Global Polyethylene Terephthalate Market Size (US$ Bn) Forecast, by Region
6.9. Global Polyethylene Terephthalate Market Attractiveness Analysis, by Region
7. North America Polyethylene Terephthalate Market
7.1. North America Polyethylene Terephthalate Market Value Share Analysis, by Application
7.2. North America Polyethylene Terephthalate Market Volume (Kilo Tons) Forecast, by Application
7.3. North America Polyethylene Terephthalate Market Size (US$ Bn) Forecast, by Application
7.4. U.S. Polyethylene Terephthalate Market Volume (Kilo Tons) Forecast, by Application
7.5. U.S. Polyethylene Terephthalate Market Size (US$ Bn) Forecast, by Application
7.6. Canada Polyethylene Terephthalate Market Volume (Kilo Tons) Forecast, by Application
7.7. Canada Polyethylene Terephthalate Market Size (US$ Bn) Forecast, by Application
7.8. North America Polyethylene Terephthalate Market Attractiveness Analysis, by Application
8. Europe Polyethylene Terephthalate Market
8.1. Europe Polyethylene Terephthalate Market Value Share Analysis, by Application
8.2. Europe Polyethylene Terephthalate Market Volume (Kilo Tons) Forecast, by Application
8.3. Europe Polyethylene Terephthalate Market Size (US$ Bn) Forecast, by Application
8.4. Germany Polyethylene Terephthalate Market Volume (Kilo Tons) Forecast, by Application
8.5. Germany Polyethylene Terephthalate Market Size (US$ Bn) Forecast, by Application
8.6. France Polyethylene Terephthalate Market Volume (Kilo Tons) Forecast, by Application
8.7. France Polyethylene Terephthalate Market Size (US$ Bn) Forecast, by Application
8.8. Italy Polyethylene Terephthalate Market Volume (Kilo Tons) Forecast, by Application
8.9. Italy Polyethylene Terephthalate Market Size (US$ Bn) Forecast, by Application
8.10. Spain Polyethylene Terephthalate Market Volume (Kilo Tons) Forecast, by Application
8.11. Spain Polyethylene Terephthalate Market Size (US$ Bn) Forecast, by Application
8.12. U.K. Polyethylene Terephthalate Market Volume (Kilo Tons) Forecast, by Application
8.13. U.K. Polyethylene Terephthalate Market Size (US$ Bn) Forecast, by Application
8.14. Rest of Europe. Polyethylene Terephthalate Market Volume (Kilo Tons) Forecast, by Application
8.15. Rest of Europe Polyethylene Terephthalate Market Size (US$ Bn) Forecast, by Application
8.16. Europe Polyethylene Terephthalate Market Attractiveness Analysis, by Application
9. Asia Pacific Polyethylene Terephthalate Market
9.1. Asia Pacific Polyethylene Terephthalate Market Value Share Analysis, by Application
9.2. Asia Pacific Polyethylene Terephthalate Market Volume (Kilo Tons) Forecast, by Application
9.3. Asia Pacific Polyethylene Terephthalate Market Size (US$ Bn) Forecast, by Application
9.4. China Polyethylene Terephthalate Market Volume (Kilo Tons) Forecast, by Application
9.5. China Polyethylene Terephthalate Market Size (US$ Bn) Forecast, by Application
9.6. Japan Polyethylene Terephthalate Market Volume (Kilo Tons) Forecast, by Application
9.7. Japan Polyethylene Terephthalate Market Size (US$ Bn) Forecast, by Application
9.8. India Polyethylene Terephthalate Market Volume (Kilo Tons) Forecast, by Application
9.9. India Polyethylene Terephthalate Market Size (US$ Bn) Forecast, by Application
9.10. Rest of Asia Pacific Polyethylene Terephthalate Market Volume (Kilo Tons) Forecast, by Application
9.11. Rest of Asia Pacific Polyethylene Terephthalate Market Size (US$ Bn) Forecast, by Application
9.12. Asia Pacific Polyethylene Terephthalate Market Attractiveness Analysis, by Application
10. Latin America Polyethylene Terephthalate Market
10.1. Latin America Polyethylene Terephthalate Market Value Share Analysis, by Application
10.2. Latin America Polyethylene Terephthalate Market Volume (Kilo Tons) Forecast, by Application
10.3. Latin America Polyethylene Terephthalate Market Size (US$ Bn) Forecast, by Application
10.4. Brazil Polyethylene Terephthalate Market Volume (Kilo Tons) Forecast, by Application
10.5. Brazil Polyethylene Terephthalate Market Size (US$ Bn) Forecast, by Application
10.6. Mexico Polyethylene Terephthalate Market Volume (Kilo Tons) Forecast, by Application
10.7. Mexico Polyethylene Terephthalate Market Size (US$ Bn) Forecast, by Application
10.8. Rest of Latin America Polyethylene Terephthalate Market Volume (Kilo Tons) Forecast, by Application
10.9. Rest of Latin America Polyethylene Terephthalate Market Size (US$ Bn) Forecast, by Application
10.10. Latin America Polyethylene Terephthalate Market Attractiveness Analysis, by Application
11. Middle East & Africa Polyethylene Terephthalate Market
11.1. Middle East & Africa Polyethylene Terephthalate Market Value Share Analysis, by Application
11.2. Middle East & Africa Polyethylene Terephthalate Market Volume (Kilo Tons) Forecast, by Application
11.3. Middle East & Africa Polyethylene Terephthalate Market Size (US$ Bn) Forecast, by Application
11.4. GCC Countries Polyethylene Terephthalate Market Volume (Kilo Tons) Forecast, by Application
11.5. GCC Countries Polyethylene Terephthalate Market Size (US$ Bn) Forecast, by Application
11.6. South Africa Polyethylene Terephthalate Market Volume (Kilo Tons) Forecast, by Application
11.7. South Africa Polyethylene Terephthalate Market Size (US$ Bn) Forecast, by Application
11.8. Rest of Middle East & Africa Polyethylene Terephthalate Market Volume (Kilo Tons) Forecast, by Application
11.9. Rest of Middle East & Africa Polyethylene Terephthalate Market Size (US$ Bn) Forecast, by Application
11.10. Middle East & Africa Polyethylene Terephthalate Market Attractiveness Analysis, by Application
12. Competition Landscape
12.1. Global Polyethylene Terephthalate Market Share Analysis by Company
12.2. Competition Matrix
12.3. Company Profiles
12.3.1. Indorama Ventures Public Company
12.3.1.1. Company Details
12.3.1.2. Company Description
12.3.1.3. Business Overview
12.3.1.4. SWOT Analysis
12.3.1.5. Breakdown of Net sales, by region
12.3.1.6. Revenue (US$ Bn) and Y-o-Y Growth (%), 2020-2031
12.3.2. Dhunseri Petrochem Limited
12.3.2.1. Company Details
12.3.2.2. Company Description
12.3.2.3. Business Overview
12.3.2.4. SWOT Analysis
12.3.2.5. Breakdown of Net sales, by region
12.3.2.6. Revenue (US$ Bn) and Y-o-Y Growth (%), 2020-2031
12.3.3. Reliance Industries Limited
12.3.3.1. Company Details
12.3.3.2. Company Description
12.3.3.3. Business Overview
12.3.3.4. SWOT Analysis
12.3.3.5. Breakdown of Net sales, by region
12.3.3.6. Revenue (US$ Bn) and Y-o-Y Growth (%), 2020-2031
12.3.4. Jiangsu Sanfanxiang Group Company
12.3.4.1. Company Details
12.3.4.2. Company Description
12.3.4.3. Business Overview
12.3.5. Egyptian Indian Polyester Company
12.3.5.1. Company Details
12.3.5.2. Company Description
12.3.5.3. Business Overview
12.3.6. DAK Americas
12.3.6.1. Company Details
12.3.6.2. Company Description
12.3.6.3. Business Overview
12.3.7. M&G Chemicals
12.3.7.1. Company Details
12.3.7.2. Company Description
12.3.7.3. Business Overview
12.3.8. Octal
12.3.8.1. Company Details
12.3.8.2. Company Description
12.3.8.3. Business Overview
12.3.9. Neo Group
12.3.9.1. Company Details
12.3.9.2. Company Description
12.3.9.3. Business Overview
12.3.10. SK Chemicals
12.3.10.1. Company Details
12.3.10.2. Company Description
12.3.10.3. Business Overview
12.3.11. Far Eastern New Century
12.3.11.1. Company Details
12.3.11.2. Company Description
12.3.11.3. Business Overview
13. Key Takeaways
13.1. Primary Research-Key Findings
List of Table
Table 1: Global Polyethylene Terephthalate Market Volume (Kilo Tons) Forecast, by Application, 2020-2031
Table 2: Global Polyethylene Terephthalate Market Revenue (US$ Bn) Forecast, by Application, 2020-2031
Table 3: Global Polyethylene Terephthalate Market Volume (Kilo Tons) Forecast, by Region, 2020-2031
Table 4: Global Polyethylene Terephthalate Market Size (US$ Bn) Forecast, by Region, 2020-2031
Table 5: North America Polyethylene Terephthalate Market Volume (Kilo Tons) Forecast, by Application, 2020-2031
Table 6: North America Polyethylene Terephthalate Market Revenue (US$ Bn) Forecast, by Application, 2020-2031
Table 7: North America Polyethylene Terephthalate Market Size Volume (Kilo Tons) Forecast, by Country, 2020-2031
Table 8: North America Polyethylene Terephthalate Market Size (US$ Bn) Forecast, by Country, 2020-2031
Table 9: Europe Polyethylene Terephthalate Market Volume (Kilo Tons) Forecast, by Application, 2020-2031
Table 10: Europe Polyethylene Terephthalate Market Revenue (US$ Bn) Forecast, by Application, 2020-2031
Table 11: Asia Pacific Polyethylene Terephthalate Market Volume (Kilo Tons) Forecast, by Application, 2020-2031
Table 12: Asia Pacific Polyethylene Terephthalate Market Revenue (US$ Bn) Forecast, by Application, 2020-2031
Table 13: Latin America Polyethylene Terephthalate Market Volume (Kilo Tons) Forecast, by Application, 2020-2031
Table 14: Latin America Polyethylene Terephthalate Market Revenue (US$ Bn) Forecast, by Application, 2020-2031
Table 15: Middle East & Africa Polyethylene Terephthalate Market Volume (Kilo Tons) Forecast, by Application, 2020-2031
Table 16: Middle East & Africa Polyethylene Terephthalate Market Revenue (US$ Bn) Forecast, by Application, 2020-2031
List Of Figure
Figure 1: Prices of Polyethylene Terephthalate, by Application, US$/Ton, 2020-2031
Figure 2: Global Polyethylene Terephthalate Market Size (US$ Bn) and Volume (Kilo Tons) Forecast, 2020-2031
Figure 3: Global Polyethylene Terephthalate Market Average Price (US$/Ton), 2020-2031
Figure 4: Global Polyethylene Terephthalate Market Value Share Analysis, by Application, 2020 and 2031
Figure 5: Global Polyethylene Terephthalate Market Attractiveness Analysis, by Application
Figure 6: Beverages, 2020-2031 (US$ Bn)
Figure 7: Bottled Water, 2020-2031 (US$ Bn)
Figure 8: Carbonated Drinks, 2020-2031 (US$ Bn)
Figure 9: Others (LDP, Juices), 2020-2031 (US$ Bn)
Figure 10: Films, 2020-2031 (US$ Bn)
Figure 11: Food Packaging, 2020-2031 (US$ Bn)
Figure 12: Other Materials, 2020-2031 (US$ Bn)
Figure 13: Global Polyethylene Terephthalate Market Attractiveness Analysis, by Region
Figure 14: North America Polyethylene Terephthalate Market Value Share Analysis, by Application, 2020 and 2031
Figure 15: North America Polyethylene Terephthalate Market Size (US$ Bn) and Volume (Kilo Tons) Forecast, 2020-2031
Figure 16: North America Polyethylene Terephthalate Market Attractiveness Analysis, by Country
Figure 17: U.S. Polyethylene Terephthalate Market Analysis, 2020-2031
Figure 18: U.S. Polyethylene Terephthalate Market Analysis, 2020-2031
Figure 19: Canada Polyethylene Terephthalate Market Analysis, 2020-2031
Figure 20: Canada Polyethylene Terephthalate Market Analysis, 2020-2031
Figure 21: North America Polyethylene Terephthalate Market Attractiveness Analysis, by Application
Figure 22: Europe Polyethylene Terephthalate Market Value Share Analysis, by Application, 2020 and 2031
Figure 23: Europe Polyethylene Terephthalate Market Size (US$ Bn) and Volume (Kilo Tons) Forecast, 2020-2031
Figure 24: U.K. Polyethylene Terephthalate Market Analysis, 2020-2031
Figure 25: Italy Polyethylene Terephthalate Market Analysis, 2020-2031
Figure 26: Germany Polyethylene Terephthalate Market Analysis, 2020-2031
Figure 27: France Polyethylene Terephthalate Market Analysis, 2020-2031
Figure 28: Spain Polyethylene Terephthalate Market Analysis, 2020-2031
Figure 29: RoE Polyethylene Terephthalate Market Analysis, 2020-2031
Figure 30: Europe Polyethylene Terephthalate Market Attractiveness Analysis, by Application
Figure 31: Asia Pacific Polyethylene Terephthalate Market Value Share Analysis, by Application, 2020 and 2031
Figure 32: Asia Pacific Polyethylene Terephthalate Market Size (US$ Bn) and Volume (Kilo Tons) Forecast, 2020-2031
Figure 33: China Polyethylene Terephthalate Market Analysis, 2020-2031
Figure 34: Japan Polyethylene Terephthalate Market Analysis, 2020-2031
Figure 35: India Polyethylene Terephthalate Market Analysis, 2020-2031
Figure 36: ASEAN Polyethylene Terephthalate Market Analysis, 2020-2031
Figure 37: RoAP Polyethylene Terephthalate Market Analysis, 2020-2031
Figure 38: Asia Pacific Polyethylene Terephthalate Market Attractiveness Analysis, by Application
Figure 39: Latin America Polyethylene Terephthalate Market Value Share Analysis, by Application, 2020 and 2031
Figure 40: Latin America Polyethylene Terephthalate Market Size (US$ Bn) and Volume (Kilo Tons) Forecast, 2020-2031
Figure 41: Brazil Polyethylene Terephthalate Market Analysis, 2020-2031
Figure 42: Mexico Polyethylene Terephthalate Market Analysis, 2020-2031
Figure 43: RoLA Polyethylene Terephthalate Market Analysis, 2020-2031
Figure 44: Latin America Polyethylene Terephthalate Market Attractiveness Analysis, by Application
Figure 45: Middle East & Africa Polyethylene Terephthalate Market Value Share Analysis, By Application, 2020 and 2031
Figure 46: Middle East & Africa Polyethylene Terephthalate Market Size (US$ Bn) and Volume (Kilo Tons) Forecast, 2020-2031
Figure 47: GCC Countries Polyethylene Terephthalate Market Analysis, 2020-2031
Figure 48: South Africa Polyethylene Terephthalate Market Analysis, 2020-2031
Figure 49: RoMEA Polyethylene Terephthalate Market Analysis, 2020-2031
Figure 50: Middle East & Africa Polyethylene Terephthalate Market Attractiveness Analysis, by Application