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Polyethylene Terephthalate Global Market Report 2022 – By Product Type (Virgin, Recycle), By Application (Beverages, Sheets & Films, Consumer Goods, Food Packaging, Other Applications (Cosmetic Bottles and Household Products)), By End-User Industry (Packaging, Electrical & Electronics, Automotive, Construction, Other End-Use Industries (Material Handling and Strapping)) – Market Size, Trends, And Global Forecast 2022-2026

Starting Price : $4000.00 | Pages : 175 | Published : October 2022 | SKU CODE : 7313 | Delivery Time: 2-3 business days | Format :


The polyethylene terephthalate market consists of sales of polyethylene terephthalate and related services. It is widely used in various applications, such as automotive, food and beverage packaging, and electronics. Polyethylene terephthalate is a high-gloss, crack-resistant transparent plastic. They are general-purpose thermoplastic polymers produced by the reaction of mono ethylene glycol (MEG) and purified terephthalic acid (PTA) and are known for their excellent combination of mechanical, thermal, chemical, and dimensional stability.

The main product types of polyethylene terephthalate are virgin and recycled. Recycling is to pass again through a series of changes or treatments. The applications are beverages, sheets & films, consumer goods, food packaging, and others (cosmetic bottles and household products). The end-use industries are packaging, electrical & electronics, automotive, construction, and others (material handling and strapping).

The polyethylene terephthalate market research report is one of a series of new reports from The Business Research Company that provides polyethylene terephthalate market statistics, including polyethylene terephthalate industry global market size, regional shares, competitors with a polyethylene terephthalate market share, detailed polyethylene terephthalate market segments, market trends and opportunities, and any further data you may need to thrive in the polyethylene terephthalate industry. This polyethylene terephthalate market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The global polyethylene terephthalate market grew from $35.47 billion in 2021 to $39.15 billion in 2022 at a compound annual growth rate (CAGR) of 10.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The polyethylene terephthalate market is expected to grow to $54.39 billion in 2026 at a CAGR of 8.6%.

The rising demand for polyethylene terephthalate in food and beverage packaging, such as carbonated soft drink packaging, contributed to the growth of the polyethylene terephthalate market. The increasing demand for bottled drinks and glass and metal container replacements finds no better alternatives to polyethylene terephthalate due to its versatility in shape and size. According to the Springer report 2019, the global production of plastics is over 300 million tons, 20% of which is produced in China. China is not only the largest producer of polyethylene terephthalate but also the largest consumer in the world. The rising demand in the food and beverage packaging industry increased the demand for polyethylene terephthalate during the historic period, driving the market.

Strict regulations on the use of plastic are a major challenge in the polyethylene terephthalate market. Governments across the world are imposing restrictions on plastic products such as bottles and single-use plastics and are raising awareness about recycling plastic materials. For instance, in 2019, according to an article published by The Economic Times, nine out of ten bottles of polyethylene terephthalate are recycled in India, affecting the manufacturing of polyethylene terephthalate. In October 2019, India announced a plan called "Clean India Mission", which is an attempt to "sensitize" the public against single-use plastics and which aims to eliminate single-use plastics within three years. Furthermore, according to the Federation of Indian Chambers of Commerce and Industry, India produces about 33 million pounds of plastic waste each day, and 60 percent of it is recycled. That’s approximately 24 pounds of waste per person per year, compared with 62 pounds globally. Imposing strict regulations on manufacturing and recycling plastic products has a negative impact on the polyethylene terephthalate market.

Major companies are increasingly manufacturing bio-based PET using partially recyclable materials. Bio-based PET is a lightweight, recyclable, biodegradable, and reusable bioplastic material derived from biomass. It consists of 30% plant-derived ethanol glycol and 70% terephthalic acid derived from fossils. This is also used for the packaging of soft drinks, alcoholic beverages, food products, cosmetics, pharmaceutical products, and edible oils. The desire to use environmentally friendly products and stringent regulations have encouraged the use of bio-friendly products in industries and have resulted in the increased demand for bio-based PET. For instance, Eastlon consists of 30% renewable raw materials. As a drop-in bioplastic, Bio-PET has the same mechanical and thermal product properties as fossil PET. Applications include transparent packaging and bottles. Eastlon is 100% recyclable. A demonstration plant with an expected capacity of 18,000 tonnes of biomass will be built in Ontario (Canada) and will start by 2020 to produce 100% bio-based PET bottles.

In January 2020, DAK Americas, a US-based company and the largest integrated producer of PET resins in the world and the main producer of polyester staple fibers, headquartered in North Carolina, United States, acquired Perpetual Recycling Solutions for an undisclosed amount. The acquisition of Perpetual and rPET capacity confirms Alpek Polyester’s ongoing dedication to sustainable product offerings to meet consumer demand for rPET content. Perpetual Recycling Solutions is a US-based company that is a high-quality manufacturer of post-consumer recycled PET resin.

Major players in the polyethylene terephthalate market are Far Eastern New Century Corporation, Hengli Group Co. Ltd, Indorama Ventures Public Company Limited, JBF Industries Ltd, Jiangsu Sanfangxiang Group, Lotte Chemical Corporation, Octal, Reliance Industries Ltd, Saudi Basic Industries Corporation (SABIC), and Sinopec Group.

Asia Pacific was the largest region in the polyethylene terephthalate market in 2021. North America was the second-largest region in the polyethylene terephthalate market. The regions covered in the polyethylene terephthalate market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

The countries covered in the polyethylene terephthalate market are Brazil, China, France, Germany, India, Indonesia, Japan, South Korea, Russia, the UK, the USA, and Australia.

The global polyethylene terephthalate market is segmented -

1) By Product Type: Virgin, Recycle

2) By Application: Beverages, Sheets & Films, Consumer Goods, Food Packaging, Other Applications (Cosmetic Bottles and Household Products)

3) By End User Industry: Packaging, Electrical & Electronics, Automotive, Construction, Other End Use Industries (Material Handling and Strapping)

    Table Of Contents

    1. Executive Summary

    2. Polyethylene Terephthalate Market Characteristics

    3. Polyethylene Terephthalate Market Trends And Strategies

    4. Polyethylene Terephthalate Market – Macro Economic Scenario

    4.1 COVID-19 Impact On Polyethylene Terephthalate Market

    4.2 Ukraine-Russia War Impact On Polyethylene Terephthalate Market

    4.3 Impact Of High Inflation On Polyethylene Terephthalate Market

    5. Polyethylene Terephthalate Market Size And Growth

    5.1. Global Polyethylene Terephthalate Historic Market, 2016-2021, $ Billion

    5.1.1. Drivers Of The Market

    5.1.2. Restraints On The Market

    5.2. Global Polyethylene Terephthalate Forecast Market, 2021-2026F, 2031F, $ Billion

    5.2.1. Drivers Of The Market

    5.2.2. Restraints On the Market

    6. Polyethylene Terephthalate Market Segmentation

    6.1. Global Polyethylene Terephthalate Market, Segmentation  By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    Virgin  

    Recycle

    6.2. Global Polyethylene Terephthalate Market, Segmentation  By End User Industry, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

     Packaging

    Electrical & Electronics

    Automotive

    Construction

    Other End-Use Industries (Material Handling and Strapping)

    6.3. Global Polyethylene Terephthalate Market, Segmentation   By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    Beverages

    Sheets & Films

    Consumer Goods

    Food Packaging

    Other Applications (Cosmetic Bottles and Household Products)

    7. Polyethylene Terephthalate Market Regional And Country Analysis

    7.1. Global Polyethylene Terephthalate Market, Split By Region, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    7.2. Global Polyethylene Terephthalate Market, Split By Country, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    8. Asia-Pacific Polyethylene Terephthalate Market  

    8.1. Asia-Pacific Polyethylene Terephthalate Market Overview  

    Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

    8.2. Asia-Pacific Polyethylene Terephthalate Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    9. China Polyethylene Terephthalate Market  

    9.1. China Polyethylene Terephthalate Market Overview  

    9.2. China Polyethylene Terephthalate Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F,$ Billion

    10. India Polyethylene Terephthalate Market  

    10.1. India Polyethylene Terephthalate Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    11. Japan Polyethylene Terephthalate Market  

    11.1. Japan Polyethylene Terephthalate Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    12. Australia Polyethylene Terephthalate Market  

    12.1. Australia Polyethylene Terephthalate Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    13. Indonesia Polyethylene Terephthalate Market  

    13.1. Indonesia Polyethylene Terephthalate Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    14. South Korea Polyethylene Terephthalate Market  

    14.1. South Korea Polyethylene Terephthalate Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    15. Western Europe Polyethylene Terephthalate Market  

    15.1. Western Europe Polyethylene Terephthalate Market Overview

    15.2. Western Europe Polyethylene Terephthalate Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    16. UK Polyethylene Terephthalate Market  

    16.1. UK Polyethylene Terephthalate Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    17. Germany Polyethylene Terephthalate Market  

    17.1. Germany Polyethylene Terephthalate Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    18. France Polyethylene Terephthalate Market  

    18.3. France Polyethylene Terephthalate Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    19. Eastern Europe Polyethylene Terephthalate Market  

    19.1. Eastern Europe Polyethylene Terephthalate Market Overview

    19.2. Eastern Europe Polyethylene Terephthalate Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    20. Russia Polyethylene Terephthalate Market  

    20.1. Russia Polyethylene Terephthalate Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    21. North America Polyethylene Terephthalate Market  

    21.1. North America Polyethylene Terephthalate Market Overview

    21.2. North America Polyethylene Terephthalate Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    22. USA Polyethylene Terephthalate Market  

    22.1. USA Polyethylene Terephthalate Market Overview

    22.2. USA Polyethylene Terephthalate Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    23. South America Polyethylene Terephthalate Market  

    23.1. South America Polyethylene Terephthalate Market Overview

    23.2. South America Polyethylene Terephthalate Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    24. Brazil Polyethylene Terephthalate Market  

    24.1. Brazil Polyethylene Terephthalate Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    25. Middle East Polyethylene Terephthalate Market  

    25.1. Middle East Polyethylene Terephthalate Market Overview

    25.2. Middle East Polyethylene Terephthalate Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    26. Africa Polyethylene Terephthalate Market  

    26.1. Africa Polyethylene Terephthalate Market Overview

    26.2. Africa Polyethylene Terephthalate Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    27. Polyethylene Terephthalate Market Competitive Landscape And Company Profiles

    27.1. Polyethylene Terephthalate Market Competitive Landscape

    27.2. Polyethylene Terephthalate Market Company Profiles

    27.2.1. Far Eastern New Century Corporation

    27.2.1.1. Overview

    27.2.1.2. Products and Services

    27.2.1.3. Strategy

    27.2.1.4. Financial Performance

    27.2.2. Hengli Group Co. Ltd

    27.2.2.1. Overview

    27.2.2.2. Products and Services

    27.2.2.3. Strategy

    27.2.2.4. Financial Performance

    27.2.3. Indorama Ventures Public Company Limited

    27.2.3.1. Overview

    27.2.3.2. Products and Services

    27.2.3.3. Strategy

    27.2.3.4. Financial Performance

    27.2.4. JBF Industries Ltd

    27.2.4.1. Overview

    27.2.4.2. Products and Services

    27.2.4.3. Strategy

    27.2.4.4. Financial Performance

    27.2.5. Jiangsu Sanfangxiang Group

    27.2.5.1. Overview

    27.2.5.2. Products and Services

    27.2.5.3. Strategy

    27.2.5.4. Financial Performance

    29. Key Mergers And Acquisitions In The Polyethylene Terephthalate Market

    29. Polyethylene Terephthalate Market Future Outlook and Potential Analysis

    30. Appendix

    30.1. Abbreviations

    30.2. Currencies

    30.3. Historic And Forecast Inflation Rates

    30.4. Research Inquiries

    30.5. The Business Research Company

    30.6. Copyright And Disclaimer

List Of Tables

    Table 1: Global Historic Market Growth, 2016-2021, $ Billion
  • Table 2: Global Forecast Market Growth, 2021-2026F, 2031F, $ Billion
  • Table 3: Global Polyethylene Terephthalate Market, Segmentation  By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 4: Global Polyethylene Terephthalate Market, Segmentation   By End User Industry, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 5: Global Polyethylene Terephthalate Market, Segmentation   By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 6: Global Polyethylene Terephthalate Market, Split By Region, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 7: Global Polyethylene Terephthalate Market, Split By Country, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 8: Asia-Pacific, Polyethylene Terephthalate Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 9: China, Polyethylene Terephthalate Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 10: India, Polyethylene Terephthalate Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 11: Japan, Polyethylene Terephthalate Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 12: Australia, Polyethylene Terephthalate Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 13: Indonesia, Polyethylene Terephthalate Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 14: South Korea, Polyethylene Terephthalate Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 15: Western Europe, Polyethylene Terephthalate Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 16: UK, Polyethylene Terephthalate Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 17: Germany, Polyethylene Terephthalate Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 18: France, Polyethylene Terephthalate Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 19: Eastern Europe, Polyethylene Terephthalate Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 20: Russia, Polyethylene Terephthalate Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 21: North America, Polyethylene Terephthalate Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 22: USA, Polyethylene Terephthalate Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 23: South America, Polyethylene Terephthalate Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 24: Brazil, Polyethylene Terephthalate Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 25: Middle East, Polyethylene Terephthalate Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 26: Africa, Polyethylene Terephthalate Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 27: Far Eastern New Century Corporation Financial Performance
  • Table 28: Hengli Group Co. Ltd Financial Performance
  • Table 29: Indorama Ventures Public Company Limited Financial Performance
  • Table 30: JBF Industries Ltd Financial Performance
  • Table 31: Jiangsu Sanfangxiang Group Financial Performance

List Of Figures

    Figure 1: Global Historic Market Growth, 2016-2021, $ Billion
  • Figure 2: Global Forecast Market Growth, 2021-2026F, 2031F, $ Billion
  • Figure 3: Global Polyethylene Terephthalate Market, Segmentation  By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 4: Global Polyethylene Terephthalate Market, Segmentation   By End User Industry, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 5: Global Polyethylene Terephthalate Market, Segmentation   By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 6: Global Polyethylene Terephthalate Market, Split By Region, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 7: Global Polyethylene Terephthalate Market, Split By Country, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 8: Asia-Pacific, Polyethylene Terephthalate Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 9: China, Polyethylene Terephthalate Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 10: India, Polyethylene Terephthalate Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 11: Japan, Polyethylene Terephthalate Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 12: Australia, Polyethylene Terephthalate Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 13: Indonesia, Polyethylene Terephthalate Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 14: South Korea, Polyethylene Terephthalate Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 15: Western Europe, Polyethylene Terephthalate Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 16: UK, Polyethylene Terephthalate Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 17: Germany, Polyethylene Terephthalate Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 18: France, Polyethylene Terephthalate Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 19: Eastern Europe, Polyethylene Terephthalate Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 20: Russia, Polyethylene Terephthalate Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 21: North America, Polyethylene Terephthalate Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 22: USA, Polyethylene Terephthalate Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 23: South America, Polyethylene Terephthalate Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 24: Brazil, Polyethylene Terephthalate Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 25: Middle East, Polyethylene Terephthalate Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 26: Africa, Polyethylene Terephthalate Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 27: Far Eastern New Century Corporation Financial Performance
  • Figure 28: Hengli Group Co. Ltd Financial Performance
  • Figure 29: Indorama Ventures Public Company Limited Financial Performance
  • Figure 30: JBF Industries Ltd Financial Performance
  • Figure 31: Jiangsu Sanfangxiang Group Financial Performance
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