The Asia-Pacific region emerged as the driving factor for global PET market, contributing about 38% share, of the total demand in terms of consumption. China is the leading country in terms of consumption in the Asia-Pacific region, due to the increased demand from the automotive and electrical & electronic industries. In India, PET market is witnessing a double digit growth rate and this rate of growth is expected to continue in the coming years. Indian PET production has been keeping pace with demand resulting in net exports to the international market as well.
About 72% of the PET resin demand was from the bottle application, driven by the beverage bottles for mineral water, carbonated soft drinks, ready to drink tea, and functional, dairy, and energy drinks. It is expected that light weight PET bottle trend will continue in future as it is a cost saving measure.
Polyethylene terephthalate (PET) are used in an increasing number of markets from Packaging, Automotive, Electrical & electronics, Consumer Appliances and others.
The key drivers of PET industry are population growth, rise in disposable income, urbanization in developing economies, and growing fast moving consumer goods, and restraint such as being a capital and technology intensive industry. Replacement of traditional packaging applications and reduced atmospheric emissions are the reasons for increase in the demand of Polyethylene Terephthalate (PET) market.
The market is and will be characterized by excessive capacity bringing it to oversupply. The influence of PET performs sector is decreasing as packaging industry witnesses change to lighter-weighted bottles and carbonated drinks consumption decline (especially in North America), besides the share of recycled material application is growing
What the report contains
The report elucidates the situation of polyethylene tertraphthalate (PET) around the world and studies the markets of the PET product type which include Bottles, Films, Food Packaging and others. The study clarifies that the bottles currently dominate the PET market and are expected to dominate in the future also.
Lastly, the report is divided by countries - China, India, Japan, South Korea and rest of APAC; where-in the market share of each region is analyzed and estimates are provided for the next 5 years. The various applications of polyethylene tertraphthalate (PET) have been discussed in detail in addition to a comprehensive overview of the market.
1.2 Research Methodology
2. Executive Summary
3. Market Insights
3.1 Current Market Scenario
3.2 Industry Value Chain Analysis
3.3 Industry Attractiveness Porters 5 Force Analysis
3.3.1 Bargaining Power of Suppliers
3.3.2 Bargaining Power of Consumers
3.3.3 Threat of New Entrants
3.3.4 Threat of Substitute Products and Services
3.3.5 Degree of Competition
3.4 PESTLE Analysis
3.5 Government Plans & Policies
3.6 Manufacturing processes
3.7 Raw Material Analysis
3.8 Recycled PET
3.9 Trade Analysis
3.10 Price Analysis
4. Market Dynamics
4.1.1 Increasing demand for carbonated soft drinks and water bottles
4.1.2 Recyclable products
4.2.1 Volatility in raw material prices
4.3.1 Innovative Product Approaches by Companies
5. Market Segmentation and Analysis
5.1 By Product type
5.1.2 Films and sheets
5.1.3 Food Packaging
5.2 By Industry
5.2.1 Food & Beverage
5.2.3 Electrical & Electronics
5.2.5 Consumer Appliances
6. Regional Market Analysis (Market size, growth, forecast and Major Manufacturers)
6.2 South Korea
6.5 ASEAN Countries
6.6 Australia & New Zealand
6.7 Rest of Asia-Pacific
7. Competitive Landscape
7.1 Mergers & Acquisitions
7.2 Joint Ventures, Collaborations and Agreements
7.3 Market Share Analysis
7.4 Strategies Adopted by Leading Players
8. Company Profiles (Overview, Products & Services, Financials, Recent Developments)
8.1 BASF SE
8.3 The Dow Chemical Co.
8.6 Indorama Ventures
8.8 M&G Chemicals
8.9 Jiangsu Sanfangxiang Group
8.10 Far Eastern New Century
8.11 * List not exhaustive