Polyethylene Terephthalate Market Report 2026

The polyethylene terephthalate market size has grown strongly in recent years. It will grow from $52.59 billion in 2025 to $57.8 billion in 2026 at a compound annual growth rate (CAGR) of 9.9%. The growth in the historic period can be attributed to growth of beverage industry, expansion of packaging sector, increasing consumer goods production, availability of pet resin, rising preference for transparent plastics.

The polyethylene terephthalate market size is expected to see strong growth in the next few years. It will grow to $84.01 billion in 2030 at a compound annual growth rate (CAGR) of 9.8%. The growth in the forecast period can be attributed to growth in sustainable packaging demand, increasing recycling initiatives, expansion of food and beverage consumption, advancements in pet processing technologies, rising regulatory support for recyclable plastics. Major trends in the forecast period include rising demand for pet bottles in beverage packaging, increasing adoption of recycled pet materials, growing use of pet in food packaging, expansion of pet applications in consumer goods, rising focus on lightweight and durable packaging.

The increasing demand from automobiles is expected to propel the growth of the polyethylene terephthalate market going forward. The automotive industry is a large and multifaceted sector encompassing the design, development, manufacturing, marketing, and sales of motor vehicles. Polyethylene terephthalate (PET) is a versatile thermoplastic polymer used in automobiles due to its durability, versatility, and resistance to various environmental conditions. It is widely applied in both interior and exterior vehicle components, contributing to performance, safety, and aesthetic appeal. For instance, in January 2024, according to the European Automobile Manufacturers Association, a Belgium-based automobile industry association, the EU car market grew by 13.9% in 2023 compared to 2022, reaching total annual sales of 10.5 million vehicles. Therefore, increasing demand from automobiles is driving the growth of the polyethylene terephthalate market.

Major companies operating in the polyethylene terephthalate market are focusing on chemical recycling to produce high-quality recycled PET (rPET) to gain a competitive edge. For instance, in January 2025, DePoly, a Switzerland-based plastics company, partnered with Plastic Technologies Inc., a US-based packaging company, to launch a closed-loop rPET bottle process involving chemical depolymerization to purified monomers (PTA), repolymerization into PET pellets, and injection stretch blow molding of bottles - producing food-grade rPET from mixed waste plastics and polyester streams. Similarly, in September 2024, Japanese firm JEPLAN rebranded its chemically recycled PET resin as HELIX™, claiming recycled resin quality equivalent to virgin PET with up to 47% lower CO₂ emissions. This trend supports circular economy initiatives and regulatory pressure for sustainable packaging while reducing reliance on virgin petrochemicals; however, widespread adoption is limited by feedstock collection, chemical recycling costs, and scaling challenges.

In April 2023, Biffa PLC, a UK-based sustainable waste management company, acquired Esterpet Ltd for an undisclosed amount. This acquisition supports Biffa's strategy to enhance its capabilities in closed-loop food-grade plastic recycling. Esterpet operates a cutting-edge recycling facility near Leeds, processing 25,000 tonnes of plastic flakes annually, sourced from recycled bottles, into high-purity plastic pellets. With this purchase, Biffa aims to strengthen its existing operations in Seaham, Redcar, and Washington, where it currently converts over 165,000 tonnes of plastic each year into high-quality recycled polymers. Esterpet Ltd specializes in recycling Polyethylene Terephthalate (PET) plastic.

Major companies operating in the polyethylene terephthalate market are Indorama Ventures Public Company Limited, Far Eastern New Century Corporation, Alpek, S.A.B. de C.V., Reliance Industries Limited, Saudi Basic Industries Corporation (SABIC), Nan Ya Plastics Corporation, Lotte Chemical Corporation, China Petroleum & Chemical Corporation (Sinopec), BASF SE, LyondellBasell Industries N.V., Xinjiang Blue Ridge Tunhe Science and Technology Co., Ltd., Equipolymers GmbH, NEOGROUP UAB (Neo Group), Sibur Holding PJSC, MOL Hungarian Oil and Gas Public Limited Company (MOL Group), Polief Polyester Sanayi ve Ticaret A.Ş., JBF Industries Ltd., Eastman Chemical Company, Alfa, S.A.B. de C.V., I.V.L. Dhunseri Polyester Company Limited, Compañía Ecológica GW S.A.C., Horizon Technologies FZE, Astra Polymers, Equate Petrochemical Company.

Asia-Pacific was the largest region in the polyethylene terephthalate market in 2025. North America was the second-largest region in the global polyethylene terephthalate market. The regions covered in the polyethylene terephthalate market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the polyethylene terephthalate market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The polyethylene terephthalate market consists of the sales of polyethylene terephthalate used in the production of PET bottles and jars, carpet, clothing, industrial strapping, rope, and automotive parts. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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