The global Polyethylene Terephthalate Market Study analyzes and forecasts the market size across 6 regions and 24 countries for diverse segments -By Type (Transparent & Non-Transparent PET, Recycled PET), By Application (Bottles, Films, Food Packaging, Others), By Application (Electrical & Electronics, Automotive, Consumer Appliances, Others).
Key trends in the PET market are driven by sustainability concerns and technological advancements. With increasing awareness about environmental issues, there is a growing demand for PET recycling and the development of bio-based PET alternatives. Additionally, innovations in PET packaging, such as lightweighting and barrier technologies, are enhancing product performance and reducing environmental impact, aligning with the shift towards circular economy principles. Moreover, the expansion of PET applications beyond traditional packaging into areas like automotive and construction is opening up new avenues for market growth.
The market report analyses the leading companies in the industry including Alpek, S.A.B. de C.V., BASF SE, DuPont de Nemours Inc, Far Eastern New Century Corp, Indorama Ventures Ltd, Mitsubishi Chemical Corp, Mitsui Chemicals Inc, Nan Ya Plastics Corp, Reliance Industries Ltd, SABIC.
A prominent trend in the polyethylene terephthalate (PET) market is the increased demand for recycled polyethylene terephthalate (rPET). With growing concerns about plastic pollution and environmental sustainability, there is a significant push towards the use of recycled materials in packaging and other applications. rPET offers a sustainable alternative to virgin PET, as it reduces the reliance on virgin fossil resources and helps mitigate the environmental impact of plastic waste. As consumers, retailers, and governments prioritize sustainability initiatives, the demand for rPET is experiencing robust growth across industries such as beverage packaging, textile manufacturing, and consumer goods.
A key driver for the polyethylene terephthalate market is the rising consumption of packaged beverages and food products. PET is widely used in the packaging industry due to its excellent properties such as transparency, lightweight, durability, and recyclability. The increasing urbanization, changing lifestyles, and growing disposable incomes are driving the demand for convenience foods and beverages, leading to a surge in the production of PET packaging materials. Additionally, the shift towards single-serve and on-the-go packaging formats further fuels the demand for PET bottles and containers. As the global population continues to grow and consumer preferences evolve, the consumption of packaged products is expected to remain a significant driver for the PET market.
An opportunity within the polyethylene terephthalate market lies in the development of bio-based PET (Bio-PET). With increasing emphasis on reducing carbon footprint and transitioning towards a circular economy, there is a growing interest in bio-based alternatives to traditional fossil-based plastics. Bio-PET is produced from renewable biomass sources such as sugarcane, corn, or other plant-based feedstocks, offering a more sustainable option compared to petroleum-based PET. Manufacturers have the opportunity to invest in research and development to optimize the production process, improve the performance characteristics, and scale up the commercialization of Bio-PET. By offering bio-based PET solutions, companies can cater to the sustainability preferences of consumers and brand owners, secure strategic partnerships, and capitalize on the growing demand for environmentally friendly packaging materials in the global market.
The Transparent & Non-Transparent PET segment is the largest segment in the Polyethylene Terephthalate (PET) Market due to diverse key factors contributing to its dominance. PET is a versatile thermoplastic polymer widely used in various industries for packaging, textiles, bottles, films, and engineering applications. One of the primary reasons for the dominance of the Transparent & Non-Transparent PET segment is the extensive use of PET in the packaging industry. PET offers exceptional clarity, strength, and barrier properties, making it an ideal material for the production of transparent and non-transparent packaging containers and bottles for beverages, food, personal care products, and household items. In addition, PET's versatility allows it to be easily molded, blown, and thermoformed into various shapes and sizes to meet the diverse packaging needs of different industries. Additionally, PET's excellent chemical resistance, light weight, and recyclability further contribute to its widespread adoption in the packaging sector. Further, PET is used in non-packaging applications such as fibers, films, sheets, and engineering plastics where transparency or opacity is required. These applications include textiles, automotive parts, electrical insulation, and construction materials, further bolstering the demand for Transparent & Non-Transparent PET. As the packaging industry continues to grow globally, driven by trends such as convenience, sustainability, and product differentiation, the demand for Transparent & Non-Transparent PET is expected to remain strong, solidifying its position as the largest segment in the PET Market.
The Food Packaging segment is the fastest growing segment in the Polyethylene Terephthalate (PET) Market due to diverse key factors driving its rapid expansion. PET is widely used in the food packaging industry due to its excellent properties such as transparency, strength, lightweight, and recyclability, making it an ideal material for preserving and protecting food products. One of the primary reasons for the rapid growth of the Food Packaging segment is the increasing demand for convenient and sustainable packaging solutions in the food and beverage industry. PET bottles and containers are preferred choices for packaging a wide range of food and beverage products such as water, carbonated drinks, juices, sauces, condiments, dairy products, and ready-to-eat meals due to their versatility, shelf appeal, and consumer convenience. In addition, PET's excellent barrier properties help extend the shelf life of perishable food items by protecting them from moisture, oxygen, and contamination, ensuring food safety and freshness. Additionally, PET packaging offers advantages such as ease of handling, transportation, and storage, reducing logistics costs and environmental impact. Further, the shift towards on-the-go lifestyles, increasing urbanization, and changing consumer preferences for portable and single-serve food products drive the demand for PET packaging formats such as bottles, trays, cups, and pouches. As food manufacturers and retailers prioritize sustainability initiatives and regulatory bodies impose stricter regulations on packaging materials, the demand for PET food packaging solutions with enhanced recyclability and eco-friendly attributes is expected to surge, making the Food Packaging segment the fastest growing segment in the PET Market.
The Electrical & Electronics segment is the fastest growing segment in the Polyethylene Terephthalate (PET) Market due to diverse key factors driving its rapid expansion. PET is increasingly being used in electrical and electronic applications due to its excellent properties such as mechanical strength, chemical resistance, thermal stability, and dielectric properties. One of the primary reasons for the rapid growth of the Electrical & Electronics segment is the increasing demand for lightweight and durable materials in the electronics industry. PET is utilized in various electrical components, including insulation tapes, connectors, printed circuit boards (PCBs), capacitors, and housings, where its properties help ensure reliability, performance, and safety. In addition, PET's transparency and moldability allow for the production of clear and aesthetically pleasing components in consumer electronics and appliances, enhancing their appeal and functionality. Additionally, PET's recyclability and compatibility with recycling processes make it an environmentally friendly choice for manufacturers seeking sustainable solutions in the electronics sector. Further, the proliferation of electronic devices, smart technologies, and connectivity solutions drives the demand for PET materials that can withstand harsh operating conditions, thermal cycling, and mechanical stress. As industries such as automotive, aerospace, telecommunications, and consumer electronics continue to innovate and incorporate PET materials into their products to meet evolving performance and regulatory requirements, the demand for PET in the Electrical & Electronics segment is expected to experience robust growth, making it the fastest growing segment in the PET Market.
By Type
Transparent & Non-Transparent PET
Recycled PET
By Application
Bottles
Films
Food Packaging
Others
By Application
Electrical & Electronics
Automotive
Consumer Appliances
Others
Regions Included
North America (US, Canada, Mexico)
Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Australia, South East Asia, Rest of Asia)
South America (Brazil, Argentina, Rest of South America)
Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East, South Africa, Egypt, Rest of Africa)
Alpek, S.A.B. de C.V.
BASF SE
DuPont de Nemours Inc
Far Eastern New Century Corp
Indorama Ventures Ltd
Mitsubishi Chemical Corp
Mitsui Chemicals Inc
Nan Ya Plastics Corp
Reliance Industries Ltd
SABIC
*- List Not Exhaustive
TABLE OF CONTENTS
1 Introduction to 2024 Polyethylene Terephthalate Market
1.1 Market Overview
1.2 Quick Facts
1.3 Scope/Objective of the Study
1.4 Market Definition
1.5 Countries and Regions Covered
1.6 Units, Currency, and Conversions
1.7 Industry Value Chain
2 Research Methodology
2.1 Market Size Estimation
2.2 Sources and Research Methodology
2.3 Data Triangulation
2.4 Assumptions and Limitations
3 Executive Summary
3.1 Global Polyethylene Terephthalate Market Size Outlook, $ Million, 2021 to 2030
3.2 Polyethylene Terephthalate Market Outlook by Type, $ Million, 2021 to 2030
3.3 Polyethylene Terephthalate Market Outlook by Product, $ Million, 2021 to 2030
3.4 Polyethylene Terephthalate Market Outlook by Application, $ Million, 2021 to 2030
3.5 Polyethylene Terephthalate Market Outlook by Key Countries, $ Million, 2021 to 2030
4 Market Dynamics
4.1 Key Driving Forces of Polyethylene Terephthalate Industry
4.2 Key Market Trends in Polyethylene Terephthalate Industry
4.3 Potential Opportunities in Polyethylene Terephthalate Industry
4.4 Key Challenges in Polyethylene Terephthalate Industry
5 Market Factor Analysis
5.1 Value Chain Analysis
5.2 Competitive Landscape
5.2.1 Global Polyethylene Terephthalate Market Share by Company (%), 2023
5.2.2 Product Offerings by Company
5.3 Porter’s Five Forces Analysis
5.4 Pricing Analysis and Outlook
6 Growth Outlook Across Scenarios
6.1 Growth Analysis-Case Scenario Definitions
6.2 Low Growth Scenario Forecasts
6.3 Reference Growth Scenario Forecasts
6.4 High Growth Scenario Forecasts
7 Global Polyethylene Terephthalate Market Outlook by Segments
7.1 Polyethylene Terephthalate Market Outlook by Segments, $ Million, 2021- 2030
By Type
Transparent & Non-Transparent PET
Recycled PET
By Application
Bottles
Films
Food Packaging
Others
By Application
Electrical & Electronics
Automotive
Consumer Appliances
Others
8 North America Polyethylene Terephthalate Market Analysis and Outlook To 2030
8.1 Introduction to North America Polyethylene Terephthalate Markets in 2024
8.2 North America Polyethylene Terephthalate Market Size Outlook by Country, 2021-2030
8.2.1 United States
8.2.2 Canada
8.2.3 Mexico
8.3 North America Polyethylene Terephthalate Market size Outlook by Segments, 2021-2030
By Type
Transparent & Non-Transparent PET
Recycled PET
By Application
Bottles
Films
Food Packaging
Others
By Application
Electrical & Electronics
Automotive
Consumer Appliances
Others
9 Europe Polyethylene Terephthalate Market Analysis and Outlook To 2030
9.1 Introduction to Europe Polyethylene Terephthalate Markets in 2024
9.2 Europe Polyethylene Terephthalate Market Size Outlook by Country, 2021-2030
9.2.1 Germany
9.2.2 France
9.2.3 Spain
9.2.4 United Kingdom
9.2.4 Italy
9.2.5 Russia
9.2.6 Norway
9.2.7 Rest of Europe
9.3 Europe Polyethylene Terephthalate Market Size Outlook by Segments, 2021-2030
By Type
Transparent & Non-Transparent PET
Recycled PET
By Application
Bottles
Films
Food Packaging
Others
By Application
Electrical & Electronics
Automotive
Consumer Appliances
Others
10 Asia Pacific Polyethylene Terephthalate Market Analysis and Outlook To 2030
10.1 Introduction to Asia Pacific Polyethylene Terephthalate Markets in 2024
10.2 Asia Pacific Polyethylene Terephthalate Market Size Outlook by Country, 2021-2030
10.2.1 China
10.2.2 India
10.2.3 Japan
10.2.4 South Korea
10.2.5 Indonesia
10.2.6 Malaysia
10.2.7 Australia
10.2.8 Rest of Asia Pacific
10.3 Asia Pacific Polyethylene Terephthalate Market size Outlook by Segments, 2021-2030
By Type
Transparent & Non-Transparent PET
Recycled PET
By Application
Bottles
Films
Food Packaging
Others
By Application
Electrical & Electronics
Automotive
Consumer Appliances
Others
11 South America Polyethylene Terephthalate Market Analysis and Outlook To 2030
11.1 Introduction to South America Polyethylene Terephthalate Markets in 2024
11.2 South America Polyethylene Terephthalate Market Size Outlook by Country, 2021-2030
11.2.1 Brazil
11.2.2 Argentina
11.2.3 Rest of South America
11.3 South America Polyethylene Terephthalate Market size Outlook by Segments, 2021-2030
By Type
Transparent & Non-Transparent PET
Recycled PET
By Application
Bottles
Films
Food Packaging
Others
By Application
Electrical & Electronics
Automotive
Consumer Appliances
Others
12 Middle East and Africa Polyethylene Terephthalate Market Analysis and Outlook To 2030
12.1 Introduction to Middle East and Africa Polyethylene Terephthalate Markets in 2024
12.2 Middle East and Africa Polyethylene Terephthalate Market Size Outlook by Country, 2021-2030
12.2.1 Saudi Arabia
12.2.2 UAE
12.2.3 Oman
12.2.4 Rest of Middle East
12.2.5 Egypt
12.2.6 Nigeria
12.2.7 South Africa
12.2.8 Rest of Africa
12.3 Middle East and Africa Polyethylene Terephthalate Market size Outlook by Segments, 2021-2030
By Type
Transparent & Non-Transparent PET
Recycled PET
By Application
Bottles
Films
Food Packaging
Others
By Application
Electrical & Electronics
Automotive
Consumer Appliances
Others
13 Company Profiles
13.1 Company Snapshot
13.2 SWOT Profiles
13.3 Products and Services
13.4 Recent Developments
13.5 Financial Profile
Alpek, S.A.B. de C.V.
BASF SE
DuPont de Nemours Inc
Far Eastern New Century Corp
Indorama Ventures Ltd
Mitsubishi Chemical Corp
Mitsui Chemicals Inc
Nan Ya Plastics Corp
Reliance Industries Ltd
SABIC
14 Appendix
14.1 Customization Offerings
14.2 Subscription Services
14.3 Related Reports
14.4 Publisher Expertise
By Type
Transparent & Non-Transparent PET
Recycled PET
By Application
Bottles
Films
Food Packaging
Others
By Application
Electrical & Electronics
Automotive
Consumer Appliances
Others
Countries Analyzed
North America (US, Canada, Mexico)
Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Australia, South East Asia, Rest of Asia)
South America (Brazil, Argentina, Rest of South America)
Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East, South Africa, Egypt, Rest of Africa)
Global Polyethylene Terephthalate is forecast to reach $48 Billion in 2030 from $32.5 Billion in 2024, registering a CAGR of 6.7%
Emerging Markets across Asia Pacific, Europe, and Americas present robust growth prospects.
Alpek, S.A.B. de C.V., BASF SE, DuPont de Nemours Inc, Far Eastern New Century Corp, Indorama Ventures Ltd, Mitsubishi Chemical Corp, Mitsui Chemicals Inc, Nan Ya Plastics Corp, Reliance Industries Ltd, SABIC
Base Year- 2023; Estimated Year- 2024; Historic Period- 2018-2023; Forecast period- 2024 to 2030; Currency: Revenue (USD); Volume