Insight by Abdul Wasay, Chief Operating Officer at The Business Research Company
In response to fluctuating tariffs and geopolitical trade developments, the Polyethylene Terephthalate Market Outlook 2025 analyses how businesses are adapting through supply chain diversification and strategic sourcing.
What Are the Key Forecast Insights for the Polyethylene Terephthalate Market Growth?
The Polyethylene Terephthalate market has experienced robust growth in the past years. The market size was $47.06 billion in 2024 and it is projected to rise to $52.59 billion in 2025, demonstrating a Compound Annual Growth Rate (CAGR) of 11.8%.
What Is the Predicted Industry Size and CAGR of the Polyethylene Terephthalate Market in 2029?
In 2029, the polyethylene terephthalate market is projected to reach a size of $76.51 billion, growing at a compound annual growth rate (CAGR) of 9.8%.
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Which Factors Are Driving Growth in the Polyethylene Terephthalate Market?
The key Drivers in the polyethylene terephthalate market are:
• Rising demand for polyethylene terephthalate in food and beverage packaging
• Increased requirement for this material in bottled drinks packaging
• High demand for polyethylene terephthalate as a replacement for glass and metal containers
• Expanding usage of polyethylene terephthalate due to its versatility in shape and size
Which Segment Trends Are Covered in the Polyethylene Terephthalate Market Forecast?
The polyethylene terephthalatemarket covered in this report is segmented –
1) By Product Type: Virgin, Recycle
2) By Application: Beverages, Sheets And Films, Consumer Goods, Food Packaging, Other Applications
3) By End-User Industry: Packaging, Electrical And Electronics, Automotive, Construction, Other End Uses Industries
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What Are the Current Market Trends in the Polyethylene Terephthalate Industry?
The key trends in the polyethylene terephthalate market are:
• Major companies are increasingly turning to the manufacture of bio-based PET using partially recyclable materials.
• The rise in demand for bio-based PET is due to increasing environmental consciousness and strict regulations.
• Bio-based PET is used for multiple applications including in the packaging of beverages, cosmetics, food, pharmaceutical products, and edible oils.
• The expected opening of new demonstration plants indicates a trend towards increased production of bio-based PET.
Who are the Key Companies in the Polyethylene Terephthalate Market?
The key players 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
• SABIC
• Nan Ya Plastics Corporation
• Lotte Chemical Corporation
• China Petroleum & Chemical Corporation
• BASF SE
• LyondellBasell
• Isan Exim Plastotech Private Limited
• Overseas Polymers Pvt Ltd
• G Polyplast Industries
• China Resources (Holdings) Co Ltd
• Xinjiang Blue Ridge Tunhe Sci. & Tech. Co Ltd
• Equipolymers
• Neo Group Uab
• Sibur Holding Pjsc
• MOL Group
• Polief
• JBF Industries
• Eastman Chemical Company
• Alfa S.A.B. de C.V.
• I.V.L Dhunseri Polyester Co.
• Compania Ecologica Gw S.A.C.
• Schenker Peru Srl
• Horizon Technologies FZE
• Astra Polymers
• Equate Petrochemical Company
• Pepson Plastics
• Constantia Flexibles Corporation
• Nampak
What are the Regional Trends Across the Polyethylene Terephthalate Market?
Asia-Pacific was the largest region in the polyethylene terephthalate market in 2024
