Consumers are widely embracing PET, owing to its utilization in packaging food and non-food items. Moreover, it possesses safe, strong, transparent, versatile, lightweight, resealability, shatter-resistance, and recyclability characteristics. In addition, recycled PET packages exhibit the property of recycling again.
This report projects the trends and opportunities of the global PET market. This research study includes a qualitative & quantitative analysis with comprehensive research methodologies and reliable projections to understand the present overview towards the market growth and predict the market behavior during the forecast period
The PET market is emerging on account of its growth in demand from electrical & electronic industry, it is durable electrical & electronic performance, thereby offering a glossy finish. Its lightweight, glass-reinforced composition exhibits dimensional stability, making it ideal for the replacement of die-cast metals and thermosets. Thus, PET UV-resistant property makes it ideal for utilization in electronic products eventually driving the market growth.
The global polyethylene terephthalate market is highly dynamic since manufacturers are focusing on replacing traditional glass packaging with polyethylene terephthalate packaging. Moreover, excellent recyclability characteristics of polyethylene terephthalate is a major factor expected to surge the market growth. Moreover, PET packaging is 100% recyclable, thus increasingly reused by manufacturers of products, that do not require virgin PET, such as carpets and raincoats, which resulted in higher profit margin for market players. However, the fluctuating prices of crude oil and the enforcement of stringent government rules regulating the usage of PET are expected to refrain the market growth.
The global polyethylene terephthalate market is segmented based on application, end-use industry, and geography. Based on application, it is categorized into beverages, sheet & films, food packaging, and others (cosmetic bottles and household products). Beverages is divided into bottled water, carbonated, and others (juices and LDP). Based on end-use industry, it is classified into packaging, electrical & electronics, industrial machinery, automotive, construction, and others (material handling and strapping). Geographically, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key market players in the global polyethylene terephthalate market include:
PET Processors LLC.
Nan Ya Plastics
Lyondell Basell Industries N.V.
KEY BENEFITS FOR STAKEHOLDERS
This report provides a quantitative analysis of the current trends, along with estimations and dynamics through 2016-2023, which is expected to help identify the prevailing market opportunities.
Major countries in each region are mapped according to the individual market revenue.
Region wise and country-wise PET market conditions have been comprehensively analyzed.
This study evaluates a competitive landscape and the value chain analysis to understand the competitive environment across geographies.
An in-depth analysis of segmentation of the PET market within the market is provided.
KEY MARKET SEGMENTS
Sheets & Films
Others (Cosmetic Bottles and Household Products)
By End-use Industry
Electrical & Electronics
Others (Material Handling and Strapping)
Rest of Europe
Rest of Asia-Pacific
Rest of LAMEA
The other players in the value chain (profiles not included in the report) include:
Jiangsu Sanfangxiang Group
Far Eastern New Century
Verdeco Recycling Inc.
Eastman Chemical Company
lpek S.A.B de C.V.
Reliance Industries Ltd.
Dhunseri Petrochem Ltd.
*The above list of companies is not profiled in the report, and can be added based on client interest.
1.1. REPORT DESCRIPTION
1.2. KEY BENEFITS
1.3. KEY MARKET SEGMENT
1.4. RESEARCH METHODOLOGY
1.4.1. Secondary Research
1.4.2. Primary Research
1.4.3. Analyst Tool & Model
CHAPTER 2. EXECUTIVE SUMMARY
2.1. MARKET SNAPSHOT
2.2. CXO PERSPECTIVES
CHAPTER 3. MARKET OVERVIEW
3.1. MARKET DEFINITION AND SCOPE
3.2. KEY FINDINGS
3.2.1. Top Investment Pockets
3.2.2. Top winning strategies
3.3. PORTERS FIVE FORCES ANALYSIS
3.4. MARKET DYNAMICS
22.214.171.124. Changing preference of consumers
126.96.36.199. Increase in demand for packaged water
188.8.131.52. Rise in consumption of ready-to-eat food products
184.108.40.206. Stringent governmental restrictions
220.127.116.11. Choking hazards associated with PET containers
18.104.22.168. Increasing R&D in recyclability of PET products
3.5. MARKET SHARE ANALYSIS, 2016 (%)
CHAPTER 4. GLOBAL POLYETHYLENE TEREPHTHALATE MARKET, BY APPLICATION
4.1.1. Market Size and Forecast
4.2. BEVERAGE PACKAGING
4.2.1. Key Market Trends, Growth Factors and Opportunities
4.2.2. Market Size and Forecast
4.3. SHEETS AND FILMS
4.3.1. Key Market Trends, Growth Factors and Opportunities
4.3.2. Market Size and Forecast
4.4. CONSUMER GOODS
4.4.1. Key Market Trends, Growth Factors and Opportunities
4.4.2. Market Size and Forecast
4.5. FOOD PACKAGING
4.5.1. Key Market Trends, Growth Factors and Opportunities
4.5.2. Market Size and Forecast
4.6.1. Key Market Trends, Growth Factors and Opportunities
4.6.2. Market Size and Forecast
CHAPTER 5. GLOBAL POLYETHYLENE TEREPHTHALATE, BY END-USE INDUSTRY
5.1.1. Market Size and Forecast
5.2.1. Key Market Trends, Growth Factors and Opportunities
5.2.2. Market Size and Forecast
5.3. ELECTRICAL AND ELECTRONICS
5.3.1. Key Market Trends, Growth Factors and Opportunities
5.3.2. Market Size and Forecast
5.4.1. Key Market Trends, Growth Factors and Opportunities
5.4.2. Market Size and Forecast
5.5.1. Key Market Trends, Growth Factors and Opportunities
5.5.2. Market Size and Forecast
5.6.1. Key Market Trends, Growth Factors and Opportunities
5.6.2. Market Size and Forecast
CHAPTER 6. GLOBAL POLYETHYLENE TEREPHTHALATE MARKET, BY GEOGRAPHY
6.1.1. Market Size and Forecast
6.2. NORTH AMERICA
6.2.1. Key Market Trends, Growth Factors and Opportunities
6.2.2. Market Size and Forecast
22.214.171.124. Market size and forecast, by Application
126.96.36.199. Market size and forecast, by Application
188.8.131.52. Market size and forecast, by Application
6.3.1. Key Market Trends, Growth Factors and Opportunities
6.3.2. Market Size and Forecast
184.108.40.206. Market size and forecast, by Application
220.127.116.11. Market size and forecast, by Application
18.104.22.168. Market size and forecast, by Application
22.214.171.124. Market size and forecast, by Application
126.96.36.199. Market size and forecast, by Application
6.3.8. Rest of Europe
188.8.131.52. Market size and forecast, by Application
6.4.1. Key Market Trends, Growth Factors and Opportunities
6.4.2. Market Size and Forecast
184.108.40.206. Market size and forecast, by Application
220.127.116.11. Market size and forecast, by Application
18.104.22.168. Market size and forecast, by Application
22.214.171.124. Market size and forecast, by Application
126.96.36.199. Market size and forecast, by Application
6.4.8. Rest of Asia-Pacific
188.8.131.52. Market size and forecast, by Application
6.5.1. Key Market Trends, Growth Factors and Opportunities
6.5.2. Market Size and Forecast
184.108.40.206. Market size and forecast, by Application
220.127.116.11. Market size and forecast, by Application
6.5.5. South Africa
18.104.22.168. Market size and forecast, by Application
6.5.6. Rest of LAMEA
22.214.171.124. Market size and forecast, by Application
CHAPTER 7. COMPANY PROFILES
7.1. RTP COMPANY
7.1.1. Company Overview
7.1.2. Company Snapshot
7.1.3. Operating Business Segments
7.1.4. Business Performance
7.1.5. Key Strategic Moves and Developments
7.2. BASF SE
7.2.1. Company Overview
7.2.2. Company Snapshot
7.2.3. Operating Business Segments
7.2.4. Business Performance
7.2.5. Key Strategic Moves and Developments
7.3.1. Company Overview
7.3.2. Company Snapshot
7.3.3. Operating Business Segments
7.3.4. Business Performance
7.3.5. Key Strategic Moves and Developments
7.4.1. Company Overview
7.4.2. Company Snapshot
7.4.3. Operating Business Segments
7.4.4. Business Performance
7.4.5. Key Strategic Moves and Developments
7.5. M&G GROUP
7.5.1. Company Overview
7.5.2. Company Snapshot
7.5.3. Operating Business Segments
7.5.4. Business Performance
7.5.5. Key Strategic Moves and Developments
7.6. INDORAMA VENTURES
7.6.1. Company Overview
7.6.2. Company Snapshot
7.6.3. Operating Business Segments
7.6.4. Business Performance
7.6.5. Key Strategic Moves and Developments
7.7. PET PROCESSORS LLC
7.7.1. Company Overview
7.7.2. Company Snapshot
7.7.3. Operating Business Segments
7.7.4. Business Performance
7.7.5. Key Strategic Moves and Developments
7.8. LANXESS CORPORATION
7.8.1. Company Overview
7.8.2. Company Snapshot
7.8.3. Operating Business Segments
7.8.4. Business Performance
7.8.5. Key Strategic Moves and Developments
7.9. NAN YA PLASTICS
7.9.1. Company Overview
7.9.2. Company Snapshot
7.9.3. Operating Business Segments
7.9.4. Business Performance
7.9.5. Key Strategic Moves and Developments
7.10. LYONDELL BASELL INDUSTRIES N.V.
7.10.1. Company Overview
7.10.2. Company Snapshot
7.10.3. Operating Business Segments
7.10.4. Business Performance
7.10.5. Key Strategic Moves and Developments
Polyethylene terephthalate, mostly abbreviated as PET or PETE is one of the most common thermoplastic polymer resin of the polyester family and is widely used in fibers for food containers, liquid containers, clothing, and thermoforming for manufacturing. PET is also used in combination with glass fiber for the synthesis of engineering resins.
Increasing trend of replacing traditional glass packaging with that of PET packaging is one of the major factors driving the growth of the global market. In addition, key characteristics, such as recyclability of PET also fuels the growth of this market. Moreover, PET witnesses high demand in the developing countries, which is expected to boost the overall market growth. However, volatility in prices of crude oil and the increase in implementation of stringent government regulations related the application of polyethylene terephthalate hamper the growth of the global PET market.
Polyethylene terephthalate is anticipated to register the highest growth in packaging application, owing to increase in demand for efficient and rigid packaging materials and growth in consumer preference toward high quality packaging material. Furthermore, rapid urbanization and upsurge in demand for low cost and waterproof packaging are expected to boost the market growth. PET possess advantages, such as superior clarity, excellent barrier properties, and recyclability, higher reliability, longer life cycle, and cost reduction.
The packaging application segment accounted around three-fourths share, in terms of volume, in 2016. In response to the perennial modifications in the packaging industry, efficient PET formulations are in high demand globally. Thus, increase in requirement of high-tech PET resins and rise in adoption of new PET materials in consumer goods fuel the demand for PET globally.
Key Findings of the Polyethylene Terephthalate Market:
The packaging application segment is anticipated to grow at the highest CAGR during the analysis period.
Asia-Pacific is projected to maintain its lead position from 2017 to 2023, growing at a CAGR of 5.8%, in terms of volume.
The packaging application segment occupied around three-fourths of the total market, in 2016.
China occupied around one-third share of the Asia-Pacific market, in 2016.
In terms of value, Germany is expected to grow at a significant CAGR of 7.0% during the forecast period.
In 2015, Asia-Pacific and LAMEA collectively accounted for more than half of the global market, in terms of volume, and are expected to continue this trend, owing to increase in urbanization, specifically in China, India, Brazil, and other developing countries. Moreover, rise in urban population with increased per capita disposable income and growth in overall consumer expenditure drive the growth of the Asia-Pacific market.
The major companies profiled in the report include RTP Company, BASF, DuPont, DSM, M&G Group, Indorama Ventures, PET Processors LLC., Lanxess Corporation, Nan Ya Plastics, and Lyondell Basell Industries N.V.
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.