Polyethylene Terephthalate Market
                     Polyethylene Terephthalate Market Size, Share, Outlook, and Opportunity Analysis, 2021 - 
2028
Market Dynamics
Food and beverages is the largest application industry in the global polyethylene terephthalate 
market. Polyethylene terephthalate are widely utilized in food and beverages packaging, used in 
domestic and commercial applications. Growing demand for convenience food in North America 
and Europe is expected to fuel growth of the market of food packaging, which in turn is expected to 
boost the market for PET in the following years. Moreover, increasing awareness of food borne 
diseases and health consciousness in Europe and North America is expected to propel the market 
growth. The increasing preference of auto manufacturers towards the use of polyethylene 
terephthalate due to the considerable cost reductions, light weight, low operational costs, excellent 
performance and other benefits offered by these products fuels growth of the polyethylene 
terephthalate market.
Detailed Segmentation:
Global Polyethylene Terephthalate Market, By Product Type:
•Carbonated Soft Drink
•Bottled Water
•Other Drinks
•Sheets & Films
•Food
•Non-Food
Global Polyethylene Terephthalate Market, By Application:
•Food & Beverages
•Automotive
•Electronics
•Others
Market Taxonomy
This report segments the global polyethylene terephthalate market on the basis of product types and 
application. On the basis of product types, the market is segmented as carbonated soft drink, bottled
water, other drinks, sheets & films, food and non-food. On the basis of application industry, the 
global polyethylene terephthalate market is segmented into food & beverages, automotive, 
electronics and others Moreover, food & beverages is the largest application segment, accounting 
for over 80.36% share of the global polyethylene terephthalate market in 2016, and is projected to 
be the fastest growing application segment and expected to grow at a CAGR of 8.0% in terms of 
volume during the forecasted period.
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Market Opportunities
The growing demand for lightweight packaging solutions for electronics and food is expected to 
open up new opportunities for PET. Furthermore, over the forecast period, the level of rivalry is 
predicted to increase. As a result, players are focusing on developing unique technologies in order 
to increase their market position. To achieve a competitive advantage in the market, companies are 
working on PET manufacturing processes that are both cost-effective and high-quality.
Key Players in Polyethylene Terephthalate Market:
Key companies covered as a part of this study include Alpek S.A.B de C.V., RTP company, BASF 
SE, The Dow Chemicals Company, Jiangsu Sanfangxiang Group, Indorama Ventures, M&G 
Chemicals, Nan Ya Plastics Corporation, Far Eastern New Century and Quadrant AG.
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