Polyethylene Terephthalate Market size worth $ 40,037.04 Million, Globally, by 2028 at 3.69 % CAGR: Verified Market Research®

PET provides a unique combination of properties such as low gas permeability, resistance to oil, grease, alcohols, various solvents, high strength, and moisture barrier properties which make it a popular choice for various industries like textile, packaging, automotive, and electronics are fueling the growth of PET market.

Boonton, New Jersey, UNITED STATES

Jersey City, New Jersey, Oct. 12, 2021 (GLOBE NEWSWIRE) -- Verified Market Research recently published a report, “Polyethylene Terephthalate Market” By Application(Food & Beverages, Sheets & Films, Consumer Goods), By End Use Industry(Packaging, Electrical & Electronics, Automotive, Construction), and By Geography. According to Verified Market Research, the Global Polyethylene Terephthalate Market size was valued at USD 27,111.19 Million in 2020 and is projected to reach USD 40,037.04 Million by 2028, growing at a CAGR of 3.69% from 2021 to 2028.

Download PDF Brochure: https://www.verifiedmarketresearch.com/download-sample/?rid=41941

Browse in-depth TOC onPolyethylene Terephthalate Market

202 - Pages

126 – Tables

37 – Figures

Global Polyethylene Terephthalate Market Overview

Polyethylene terephthalate is also commonly utilized in flexible packaging applications due to its unique physical characteristics, such as being shatterproof and non-reactive to food and water. The market is predicted to increase as a result of increasing technological breakthroughs and innovations in packaging applications, primarily through weight reduction. Increased use of textiles and fabrics, increased PET recycling and collection rates around the globe, and rising demand for sustainable and recyclable products are all driving market growth for Polyethylene Terephthalate (PET). Meanwhile, strict environmental restrictions limiting the use of PET and rising demand for environmentally acceptable alternatives like High-Density Polyethylene (HDPE) are likely to stifle market growth.

The growing demand for lightweight packaging solutions for electronics and food is expected to open up new opportunities for PET. Furthermore, over the forecast period, the level of rivalry is predicted to increase. As a result, players are focusing on developing unique technologies in order to increase their market position. To achieve a competitive advantage in the market, companies are working on PET manufacturing processes that are both cost-effective and high-quality.

Key Developments in Polyethylene Terephthalate Market

• Alpek Polyester business division acquired Lotte Chemical UK Ltd.

• The new business division will operate as the legal entity of Alpek Polyester UK Ltd.

• The acquisition enables the company to expand its presence in United Kingdom.

The major players in the market are M&G Chemicals, Nan Ya Plastics Corporation, Far Eastern New Century, Alpek S.A.B de C.V., Jiangsu Sanfangxiang Group., Indorama Ventures, Lanxess, Tray-Pak Corporation, Verdeco Recycling Inc., and Voridian (Eastman Chemicals) Inc. (U.S.).

Verified Market Research has segmented the Global Polyethylene Terephthalate Market On the basis of Application, End-Use Industry, and Geography.

  • Polyethylene Terephthalate Market, By Application
    • Beverages
    • Sheets & Films
    • Consumer Goods
    • Food Packaging
    • Others
  • Polyethylene Terephthalate Market, By End-Use Industry
    • Electrical & Electronics
    • Packaging
    • Automotive
    • Construction
    • Others
  • Polyethylene Terephthalate Market by Geography
    • North America
      • U.S
      • Canada
      • Mexico
    • Europe
      • Germany
      • France
      • U.K
      • Rest of Europe
    • Asia Pacific
      • China
      • Japan
      • India
      • Rest of Asia Pacific
    • ROW
      • Middle East & Africa
      • Latin America

Browse Related Reports:

Post-Consumer Recycled Plastics Market By Type (Polypropylene (PP), Polystyrene (PS), Polyethylene (PE)), By Service (Recycling, Landfills, Incineration), By End-User (Building & Construction, Packaging, Furniture), By Process (Chemical Process, Mechanical Process, Biological Process), By Geography, Forecast, 2021-2028

Metallized Film Market By Material (Polypropylene (PP), Polyethylene Terephthalate (PET)), By End-Use Industry (Packaging, Decorative), By Geography, Forecast, 2021-2028

Medical Grade Ultra-High Molecular Weight Polyethylene (UHMWPE) Market By Application, By Competitive Landscape, By Geography, Forecast, 2021-2028

Ethylene Propylene Diene Monomer (EPDM) Market By Application (Building and Construction, Automotive, Tubes and Tires, Plastic Modifications), By Geography, Forecast, 2021-2028

Top packaging companies: Open happiness wrapped with world-class packaging items

Visualize Polyethylene Terephthalate Market using Verified Market Intelligence:-:

Verified Market Intelligence is our BI Enabled Platform for narrative storytelling of this market. VMI offers in-depth forecasted trends and accurate Insights on over 20,000+ emerging & niche markets, helping you make critical revenue impacting decisions for a brilliant future.

VMI provides a holistic overview and global competitive landscape with respect to Region, Country, and Segment, and Key players of your market. Present your Market Report & findings with an inbuilt presentation feature saving over 70% of your time and resources for Investor, Sales & Marketing, R&D, and Product Development pitches. VMI enables data delivery In Excel and Interactive PDF formats with over 15+ Key Market Indicators for your market.

About Us

Verified Market Research is a leading Global Research and Consulting firm servicing over 5000+ customers. Verified Market Research provides advanced analytical research solutions while offering information enriched research studies. We offer insight into strategic and growth analyses, Data necessary to achieve corporate goals, and critical revenue decisions.

Our 250 Analysts and SME’s offer a high level of expertise in data collection and governance use industrial techniques to collect and analyze data on more than 15,000 high-impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise, and years of collective experience to produce informative and accurate research.

We study 14+ categories from Semiconductor & Electronics, Chemicals, Advanced Materials, Aerospace & Defense, Energy & Power, Healthcare, Pharmaceuticals, Automotive & Transportation, Information & Communication Technology, Software & Services, Information Security, Mining, Minerals & Metals, Building & Construction, Agriculture industry and Medical Devices from over 100 countries.