The Global Polyethylene Terephthalate Market Report by The Business Research Company covers polyethylene terephthalate market drivers and restraints, polyethylene terephthalate market size, major players, and the impact of COVID-19 on the polyethylene terephthalate market.

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.

Rising demand of polyethylene terephthalate in food and beverages packaging such as carbonated soft drinks packaging contributed to the growth of the polyethylene terephthalate market.

The global polyethylene terephthalate market is expected to grow from $18.78 billion in 2020 to $22.66 billion in 2021 at a compound annual growth rate (CAGR) of 20.7%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $26.61 billion in 2025 at a CAGR of 4%.

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Some polyethylene terephthalate market trends include major companies increasingly manufacturing bio-based PET using partially recyclable materials. Bio-based PET is light weight, recyclable, biodegradable, and reusable bioplastic material derived from biomass.

Global polyethylene terephthalate market segments include:

1) By Product Type: Virgin, Recycle.

2)  By End-Use Industry:  Packaging, Electrical & Electronics, Automotive, Construction, Others (Material Handling And Strapping).

3)  By Application: Beverages, Sheets & Films, Consumer Goods, Food Packaging, Others (Cosmetic Bottles And Household Products).

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

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The Polyethylene Terephthalate Global Market Report 2021: COVID 19 Impact and Recovery to 2030 is one of a series of new reports from The Business Research Company that provides polyethylene terephthalate market overviews, analyzes and forecasts market size, share, polyethylene terephthalate market players, polyethylene terephthalate market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.

The polyethylene terephthalate market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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Read Polyethylene Terephthalate Global Market Report 2021: COVID 19 Impact and Recovery to 2030 from The Business Research Company for information on the following:

Data Segmentations: Market Size, Global, By Region And By Country, Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries.

Market Players Covered: 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), Sinopec Group, RTP COMPANY,  BASF SE, Dupont, DSM, M&G Group, Lanxess Corporation, Nan Ya Plastics, Lyondell Basell Industries N.V., Toray Industries, Inc., Neo Group, Dhunseri Petrochem Ltd.,, Lotte Chemical Corporation.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)

Other Information And Analyses SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.

Sourcing And Referencing: Data and analysis throughout the report are sourced using end notes.

Strategies For Participants In The polyethylene terephthalate Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.

Opportunities For Companies In The polyethylene terephthalate Sector: The report reveals where the global industry will put on most $ sales up to 2023.

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