According to the recent study the polyethylene terephthalate resin market is projected to reach an estimated $48.9 billion by 2028 from $35.2 billion in 2022, at a CAGR of 5.6% from 2022 to 2028. Growth in this market is primarily driven by growing demand for application in packaging for water, carbonated soft drinks, pharmaceuticals and other food & beverages in developing countries.
Browse 116 figures/charts
and 102 tables in this 214-page report to understand trends, opportunities and
forecast in polyethylene terephthalate resin market by end use (food and
beverages, consumer goods, industrial, medical, electrical and electronics,
textile, and others), product type (bottle, film sheet, food, packaging, and
others), and region (North America, Europe, Asia Pacific, Middle East and
Africa, and South America).
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https://www.lucintel.com/polyethylene-terephthalate-resin-market.aspx
“Food and beverage market is expected to
remain the largest segment during the forecast period.”
Based on end use, the
polyethylene terephthalate resin market is segmented into food and beverages,
consumer goods, industrial, medical, electrical and electronics, textile, and
others. Lucintel forecasts that the food and beverage market is expected to
remain the largest segment due to its higher demand in various products for
healthcare industry.
“Within the polyethylene terephthalate resin market, the bottle
segment is expected to remain the largest product type.”
Based on product type
the bottle segment is expected to witness the highest growth over the forecast
period due to its wide application area in food and beverage and consumer goods
industries.
“Asia pacific will dominate the polyethylene terephthalate resin
market in near future.”
Asia Pacific is expected
to remain the largest market by value and volume and it is also expected to
witness the highest growth over the forecast period due to its use of engineering
plastic products in the packaging sector.
Download Brochure of this report by clicking on https://www.lucintel.com/polyethylene-terephthalate-resin-market.aspx.
Major players of
polyethylene terephthalate resin market are adopting various growth strategies
like new product launches, expansions, merger and acquisitions, partnerships,
agreements, and collaborations to expand their presence in this market. Indorama
Ventures, Alpek, Far Eastern New Century Corporation, Sinopec Group, Nan ya
Plastic, Jiangsu Sanfangxiang Group Co. Ltd., Hengyi Petrochemical,
Sabic, JBF Industries ltd., Reliance Industries, and Zhejiang Zhink Group Co.
Ltd are among the major polyethylene terephthalate resin providers.
This unique research
report will enable you to make confident business decisions in this globally
competitive marketplace. For a detailed table of contents, contact Lucintel at
+1-972-636-5056 or click on this link https://www.lucintel.com/polyethylene-terephthalate-resin-market.aspx or helpdesk@lucintel.com.
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