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Published Date: 2017-03-14Number of Pages: 125

Polyethylene Terephthalate Market (Beverages (Bottled Water, Carbonated Drinks, Juices, and LDP), Films, Food Packaging, Cosmetic Bottles, and Household Products) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024

Global Polyethylene Terephthalate Market: Snapshot

The global polyethylene terephthalate (PET) market is witnessing significant growth in its valuation, thanks to the increasing trend of replacing conventional glass packaging with PET packaging. The enhanced recyclability of PET is also driving this market substantially. Going forward, polyethylene terephthalate is experiencing a high demand in developing economies, which is likely to boost this market remarkably in the near future. However, the market may be hampered to some extent over the next few years due to the volatility in prices of crude oil and the increasing implementation of strict government norms and regulations regarding the application of polyethylene terephthalate.

The global polyethylene terephthalate (PET) market was worth US$23.73 bn in 2015. Rising at a 5.80% CAGR between 2016 and 2024, the market’s opportunity is expected to reach US$39.16 bn by the end of 2024. The high demand for packaged food is likely to create lucrative opportunities for the market players over the forthcoming years.

polyethylene terephthalate market

 

Beverage Packaging to Remain Key Contributing Application Segment

Polyethylene terephthalate is predominantly utilized in beverage packaging, films, food packaging, and various other applications, such as cosmetic bottles and household products. The demand for polyethylene terephthalate is greater in the beverage packaging segment and is expected to remain so over the next few years due to its extensive usage in the manufacturing of water bottles, soft drink bottles, juice bottles, and bottles for liquid dairy products.

Films are another prominent application area of polyethylene terephthalate. In this segment, it is used for the production of boil-in bags and lids of yogurt and the packaging of frozen meat, snacks, and jars. In food packaging, polyethylene terephthalate is utilized to manufacture egg trays, trays for vegetable packaging, biscuit packing, and microwave safe packaging.

Leadership to Remain With Asia Pacific through 2024

Regionally, the worldwide market for Polyethylene terephthalate has been classified into Asia Pacific, North America, the Middle East and Africa, Europe, and Latin America. Asia Pacific, among these, dominated the overall market with a share of more than 35% in 2015 due to the busy lifestyle and the rising disposable income of consumers hailing from the middle class in Asian economies. The regional market is likely to remain on top over the forthcoming years, thanks to the lucrative opportunities it will be offering to market players. In Asia Pacific, China is likely to take the lead and closely followed by India, Japan and ASEAN countries in the near future.

Amongst other regional markets, the Middle East and Africa is anticipated to witness a significant rise in its market share, thanks to the increasing footfall of tourists in the Middle East, surging consumption of packaged food and beverages, advancements in the retail infrastructure and the growth of the formal retail in Africa. The Latin America market for polyethylene terephthalate is projected to be driven by the soaring demand for soft drinks and packaged drinking water in the region, whereas, the markets in Europe and North America are predicted to exhibit sluggish growth in the years to come due to maturation.

The global polyethylene terephthalate market is highly fragmented and competitive in nature. Far Eastern New Century, SK Chemicals, Neo Group, Octal, M&G Chemicals, DAK Americas, Egyptian Indian Polyester Co., Jiangsu Sanfanxiang Group Co., Reliance Industries Ltd., Dhunseri Petrochem Ltd., and Indorama Ventures Public Co. are some of leading players in this market.

Chapter 1 Preface
1.1 Report Scope and Market Segmentation 
1.2 Research Objectives

Chapter 2 Assumptions and Research Methodology
2.1 Assumptions and Acronyms Used
2.2 Research Methodology

Chapter 3 Executive Summary
3.1 Market Size, Indicative (US$ Mn)
3.2 Top 3 Trends
3.3 Top 2 Drivers
3.4 Top Market Restraint
3.5 Total Market Value in US$ Mn

Chapter 4 Market Overview
4.1 Product Overview
4.2 Drivers and Restraints Analysis
      4.2.1 Drivers
      4.2.2 Restraints
      4.2.3 Opportunities 
4.3 Value Chain Analysis
4.4 Porter's Analysis
      4.4.1 Bargaining Power of Suppliers
      4.4.2 Threat of Substitutes
      4.4.3 Threat of New Entrants
      4.4.4 Bargaining Power of Suppliers
      4.4.5 Degree of Competition

Chapter 5 Global Polyethylene Terephthalate Market: Price Trend Analysis (US$/Tons)
5.1 Market price, by Application

Chapter 6 Global Polyethylene Terephthalate Market, by Application
6.1 Application Overview
6.2 Global Polyethylene Terephthalate Market Value Share Analysis by Application
6.3 Global Polyethylene Terephthalate Market Volume (KiloTons) Forecast, by Application
6.4 Global Polyethylene Terephthalate Market Size (US$ Mn) Forecast, by Application
6.5 Global Polyethylene Terephthalate Market Attractiveness Analysis, by Application
6.6 Global Polyethylene Terephthalate Market Value Share Analysis, by Region, 
6.7 Global Polyethylene Terephthalate Market Volume (Kilo Tons) Forecast, by Region
6.8 Global Polyethylene Terephthalate Market Size (US$ Mn) Forecast, by Region
6.9 Global Polyethylene Terephthalate Market Attractiveness Analysis, by Region

Chapter 7 North America Polyethylene Terephthalate Market
7.1 North America Polyethylene Terephthalate Market Value Share Analysis, by Application
7.2 North America Polyethylene Terephthalate Market Volume (KiloTons) Forecast, by Application
7.3 North America Polyethylene Terephthalate Market Size (US$ Mn) Forecast, by Application
7.4 North America Polyethylene Terephthalate Market Value Share Analysis, by Country
7.5 North America Polyethylene Terephthalate Market Volume (Kilo Tons) Forecast, by country
7.6 North America Polyethylene Terephthalate Market Size (US$ Mn) Forecast, by country
7.7 North America Polyethylene Terephthalate Market Attractiveness Analysis, by Application

Chapter 8 Europe Polyethylene Terephthalate Market
8.1 Europe Polyethylene Terephthalate Market Value Share Analysis, by Application
8.2 Europe Polyethylene Terephthalate Market Volume (KiloTons) Forecast, by Application
8.3 Europe Polyethylene Terephthalate Market Size (US$ Mn) Forecast, by Application
8.4 Europe Polyethylene Terephthalate Market Value Share Analysis, by Country
8.5 Europe Polyethylene Terephthalate Market Volume (Kilo Tons) Forecast, by country
8.6 Europe Polyethylene Terephthalate Market Size (US$ Mn) Forecast, by country
8.7 Europe Polyethylene Terephthalate Market Attractiveness Analysis, by Application

Chapter 9 Asia Pacific Polyethylene Terephthalate Market
9.1 Asia Pacific Polyethylene Terephthalate Market Value Share Analysis, by Application
9.2 Asia Pacific Polyethylene Terephthalate Market Volume (KiloTons) Forecast, by Application
9.3 Asia Pacific Polyethylene Terephthalate Market Size (US$ Mn) Forecast, by Application
9.4 Asia Pacific Polyethylene Terephthalate Market Value Share Analysis, by Country
9.5 Asia Pacific Polyethylene Terephthalate Market Volume (Kilo Tons) Forecast, by country
9.6 Asia Pacific Polyethylene Terephthalate Market Size (US$ Mn) Forecast, by country
9.7 Asia Pacific Polyethylene Terephthalate Market Attractiveness Analysis, by Application

Chapter 10 Latin America Polyethylene Terephthalate Market
10.1 Latin America Polyethylene Terephthalate Market Value Share Analysis, by Application
10.2 Latin America Polyethylene Terephthalate Market Volume (KiloTons) Forecast, by Application
10.3 Latin America Polyethylene Terephthalate Market Size (US$ Mn) Forecast, by Application
10.4 Latin America Polyethylene Terephthalate Market Value Share Analysis, by Country
10.5 Latin America Polyethylene Terephthalate Market Volume (Kilo Tons) Forecast, by country
10.6 Latin America Polyethylene Terephthalate Market Size (US$ Mn) Forecast, by country
10.7 Latin America Polyethylene Terephthalate Market Attractiveness Analysis, by Application

Chapter 11 Middle East & Africa Polyethylene Terephthalate Market
11.1 Middle East & Africa Polyethylene Terephthalate Market Value Share Analysis, by Application
11.2 Middle East & Africa Polyethylene Terephthalate Market Volume (KiloTons) Forecast, by Application
11.3 Middle East & Africa Polyethylene Terephthalate Market Size (US$ Mn) Forecast, by Application
11.4 Middle East & Africa Polyethylene Terephthalate Market Value Share Analysis, by Country
11.5 Middle East & Africa Polyethylene Terephthalate Market Volume (Kilo Tons) Forecast, by country
11.6 Middle East & Africa Polyethylene Terephthalate Market Size (US$ Mn) Forecast, by country
11.7 Middle East & Africa Polyethylene Terephthalate Market Attractiveness Analysis, by Application

Chapter 12 Competition Landscape
12.1 Global Polyethylene Terephthalate Market Share Analysis by Company 
12.2 Competition Matrix
12.3 Company Profiles
      12.3.1 Indorama Ventures Public Company 
               12.3.1.1 Company Details
               12.3.1.2 Company Description
               12.3.1.3 Business Overview
               12.3.1.4 SWOT Analysis
               12.3.1.5 Breakdown of Net sales, by region
               12.3.1.6 Revenue (US$ Bn ) and Y-o-Y Growth (%), 2012-2015
      12.3.2 Dhunseri Petrochem Limited
               12.3.2.1 Company Details
               12.3.2.2 Company Description
               12.3.2.3 Business Overview
               12.3.2.4 SWOT Analysis
               12.3.2.5 Breakdown of Net sales, by region
               12.3.2.6 Revenue (US$ Bn ) and Y-o-Y Growth (%), 2012-2015
      12.3.3 Reliance Industries Limited
               12.3.3.1 Company Details
               12.3.3.2 Company Description
               12.3.3.3 Business Overview
               12.3.3.4 SWOT Analysis
               12.3.3.5 Breakdown of Net sales, by region
               12.3.3.6 Revenue (US$ Bn ) and Y-o-Y Growth (%), 2012-2015
      12.3.4 Jiangsu Sanfanxiang Group Company 
               12.3.4.1 Company Details
               12.3.4.2 Company Description
               12.3.4.3 Business Overview
      12.3.5 Egyptian Indian Polyester Company
               12.3.5.1 Company Details
               12.3.5.2 Company Description
               12.3.5.3 Business Overview
      12.3.6 DAK Americas 
               12.3.6.1 Company Details
               12.3.6.2 Company Description
               12.3.6.3 Business Overview
      12.3.7 M&G Chemicals
               12.3.7.1 Company Details
               12.3.7.2 Company Description
               12.3.7.3 Business Overview
      12.3.8 Octal
               12.3.8.1 Company Details
               12.3.8.2 Company Description
               12.3.8.3 Business Overview
      12.3.9 Neo Group
               12.3.9.1 Company Details
               12.3.9.2 Company Description
               12.3.9.3 Business Overview
      12.3.10 SK Chemicals
               12.3.10.1 Company Details
               12.3.10.2 Company Description
               12.3.10.3 Business Overview
      12.3.11 Far Eastern New Century
               12.3.10.1 Company Details
               12.3.10.2 Company Description
               12.3.10.3 Business Overview

Chapter 13 Key Takeaways 
13.1 Primary Research-Key Findings

List of Figures

Figure 1: Prices of Polyethylene Terephthalate, by Application, US$/Ton, 2016–2024
Figure 2: Global Polyethylene Terephthalate Market Size (US$ Mn) and Volume (Kilo Tons) Forecast, 2015–2024
Figure 3: Global Polyethylene Terephthalate Market Average Price (US$/Ton), 2015–2024
Figure 4: Global Polyethylene Terephthalate Market Value Share Analysis, by Application, 2016 and 2024
Figure 5: Global Polyethylene Terephthalate Market Attractiveness Analysis, by Application
Figure 6: Beverages, 2015–2024 (US$ Mn)
Figure 7: Bottled Water, 2015–2024 (US$ Mn)
Figure 8: Carbonated Drinks, 2015–2024 (US$ Mn)
Figure 9: Others (LDP, Juices), 2015–2024 (US$ Mn)
Figure 10: Films, 2015–2024 (US$ Mn)
Figure 11: Food Packaging, 2015–2024 (US$ Mn)
Figure 12: Other Materials, 2015–2024 (US$ Mn)
Figure 13: Global Polyethylene Terephthalate Market Attractiveness Analysis, by Region 
Figure 14: North America Polyethylene Terephthalate Market Value Share Analysis, by Application, 2016 and 2024
Figure 15: North America Polyethylene Terephthalate Market Size (US$ Mn) and Volume (Kilo Tons) Forecast, 2015–2024
Figure 16: North America Polyethylene Terephthalate Market Attractiveness Analysis, by Country
Figure 17: U.S. Polyethylene Terephthalate Market Analysis, 2015–2024
Figure 18: U.S. Polyethylene Terephthalate Market Analysis, 2015–2024
Figure 19: Canada Polyethylene Terephthalate Market Analysis, 2015–2024
Figure 20: Canada Polyethylene Terephthalate Market Analysis, 2015–2024
Figure 21: North America Polyethylene Terephthalate Market Attractiveness Analysis, by Application
Figure 22: Europe Polyethylene Terephthalate Market Value Share Analysis, by Application, 2016 and 2024
Figure 23: Europe Polyethylene Terephthalate Market Size (US$ Mn) and Volume (Kilo Tons) Forecast, 2015–2024
Figure 24: Europe Polyethylene Terephthalate Market Attractiveness Analysis, by Country
Figure 25: U.K. Polyethylene Terephthalate Market Analysis, 2015–2024
Figure 26: Italy Polyethylene Terephthalate Market Analysis, 2015–2024
Figure 27: Germany Polyethylene Terephthalate Market Analysis, 2015–2024
Figure 28: France Polyethylene Terephthalate Market Analysis, 2015–2024
Figure 29: Spain Polyethylene Terephthalate Market Analysis, 2015–2024
Figure 30: RoE Polyethylene Terephthalate Market Analysis, 2015–2024
Figure 31: Europe Polyethylene Terephthalate Market Attractiveness Analysis, by Application
Figure 32: Asia Pacific Polyethylene Terephthalate Market Value Share Analysis, By Application, 2016 and 2024
Figure 33: Asia Pacific Polyethylene Terephthalate Market Size (US$ Mn) and Volume (Kilo Tons) Forecast, 2015–2024
Figure 34: Asia Pacific Polyethylene Terephthalate Market Attractiveness Analysis, by Country
Figure 35: China Polyethylene Terephthalate Market Analysis, 2015–2024
Figure 36: Japan Polyethylene Terephthalate Market Analysis, 2015–2024
Figure 37: India Polyethylene Terephthalate Market Analysis, 2015–2024
Figure 38: ASEAN Polyethylene Terephthalate Market Analysis, 2015–2024
Figure 39: RoAP Polyethylene Terephthalate Market Analysis, 2015–2024
Figure 40: Asia Pacific Polyethylene Terephthalate Market Attractiveness Analysis , by Application
Figure 41: Latin America Polyethylene Terephthalate Market Value Share Analysis, By Application, 2016 and 2024
Figure 42: Latin America Polyethylene Terephthalate Market Size (US$ Mn) and Volume (Kilo Tons) Forecast, 2015–2024
Figure 43: Latin America Polyethylene Terephthalate Market Attractiveness Analysis, by Country
Figure 44: Brazil Polyethylene Terephthalate Market Analysis, 2015–2024
Figure 45: Mexico Polyethylene Terephthalate Market Analysis, 2015–2024
Figure 46: RoLA Polyethylene Terephthalate Market Analysis, 2015–2024
Figure 47: Latin America Polyethylene Terephthalate Market Attractiveness Analysis , by Application
Figure 48: Middle East & Africa Polyethylene Terephthalate Market Value Share Analysis, By Application, 2016 and 2024
Figure 49: Middle East & Africa Polyethylene Terephthalate Market Size (US$ Mn) and Volume (Kilo Tons) Forecast, 2015–2024
Figure 50: Middle East & Africa Polyethylene Terephthalate Market Attractiveness Analysis, by Country
Figure 51: GCC Countries Polyethylene Terephthalate Market Analysis, 2015–2024
Figure 52: South Africa Polyethylene Terephthalate Market Analysis, 2015–2024
Figure 53: RoMEA Polyethylene Terephthalate Market Analysis, 2015–2024
Figure 54: Middle East & Africa Polyethylene Terephthalate Market Attractiveness Analysis ,by Application

 

List of Tables 

Table 1: Global Polyethylene Terephthalate Market Volume (Kilo Tons) Forecast, by Application, 2015–2024
Table 2: Global Polyethylene Terephthalate Market Revenue (US$ Mn) Forecast, by Application, 2015–2024
Table 3: Global Polyethylene Terephthalate Market Volume (Kilo Tons) Forecast, by Region, 2015–2024
Table 4: Global Polyethylene Terephthalate Market Size (US$ Mn) Forecast, by Region, 2015–2024
Table 5: North America Polyethylene Terephthalate Market Volume (Kilo Tons) Forecast, by Application, 2015–2024
Table 6: North America Polyethylene Terephthalate Market Revenue (US$ Mn) Forecast, by Application, 2015–2024
Table 7: North America Polyethylene Terephthalate Market Size Volume (Kilo Tons) Forecast, by Country, 2015–2024
Table 8: North America Polyethylene Terephthalate Market Size (US$ Mn) Forecast, by Country, 2015–2024
Table 9: Europe Polyethylene Terephthalate Market Volume (Kilo Tons) Forecast, by Application, 2015–2024
Table 10: Europe Polyethylene Terephthalate Market Revenue (US$ Mn) Forecast, by Application, 2015–2024
Table 11: Europe Polyethylene Terephthalate Market Size Volume (Kilo Tons) Forecast, by Country, 2015–2024
Table 12: Europe Polyethylene Terephthalate Market Size (US$ Mn) Forecast, by Country, 2015–2024
Table 13: Asia Pacific Polyethylene Terephthalate Market Volume (Kilo Tons) Forecast, by Application, 2015–2024
Table 14: Asia Pacific Polyethylene Terephthalate Market Revenue (US$ Mn) Forecast, by Application, 2015–2024
Table 15: Asia Pacific Polyethylene Terephthalate Market Volume (Kilo Tons) Forecast, by Country, 2015–2024
Table 16: Asia Pacific Polyethylene Terephthalate Market Size (US$ Mn) Forecast, by Country, 2015–2024
Table 17: Latin America Polyethylene Terephthalate Market Volume (Kilo Tons) Forecast, by Application, 2015–2024
Table 18: Latin America Polyethylene Terephthalate Market Revenue (US$ Mn) Forecast, by Application, 2015–2024
Table 19: Latin America Polyethylene Terephthalate Market Volume (Kilo Tons) Forecast, by Country, 2015–2024
Table 20: North America Polyethylene Terephthalate Market Size (US$ Mn) Forecast, by Country, 2015–2024
Table 21: Middle East & Africa Polyethylene Terephthalate Market Volume (Kilo Tons) Forecast, by Application, 2015–2024
Table 22: Middle East & Africa Polyethylene Terephthalate Market Revenue (US$ Mn) Forecast, by Application, 2015–2024
Table 23: Middle East & Africa Polyethylene Terephthalate Market Volume (Kilo Tons) Forecast, by Country, 2015–2024
Table 24: Middle East & Africa Polyethylene Terephthalate Market Size (US$ Mn) Forecast, by Country, 2015–2024

Global Polyethylene Terephthalate Market: Overview

Polyethylene terephthalate resin is a petrochemical compound which is derived from polycondensation reaction of purified terephthalic acid (PTA) and monoethylene glycol (MEG). PET resin is widely used in food and beverages packaging industry for packaging water, soft drinks, juices, ready-to-cook food and other products. The PET packaging has replaced conventional glass packaging owing to features like its flexibility, lightweight, low cost, and easy handling. Beverages is an important precursor of PET, utilized for packaging water, soft drinks, juices, and similar other products.

PET is used widely in making films and sheets (jars, trays). These films and sheets can bear high temperatures without deforming and can be used for hot fill and microwave applications. The typical uses of PET films includes boil-in-bag, roasted bags, peelable PET films, hot sealable PET films. PET sheet is widely used in making trays for food packaging such as vegetables, meals, biscuits, chocolates and manufacturing jars for packaging butter, jams, edible oil, etc. The added advantage of PET is that it is fully recyclable and can be utilized for making carpets and other non-food applications.

Global Polyethylene Terephthalate Market: Scope of the Study

This study analyzes, estimates, and forecasts the global polyethylene terephthalate market in terms of volume (kilo tons) and revenue (US$ Mn) from 2015 to 2024. Market numbers given in the report describe the demand for global polyethylene terephthalate, but not production or supply. The global polyethylene terephthalate report also analyzes several driving and restraining factors and their impact on the market during the forecast period.

The report provides comprehensive analysis of the global polyethylene terephthalate by applications and regions. It segments the market into applications such as beverages (bottle water, carbonated drinks, others), films, food packaging, and others (cosmetic bottles, household products). The report also segments the polyethylene terephthalate market based on major geographies into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Besides the report comprises 12 unique country-specific analysis.

Based on the application and country, the report analyzes the attractiveness of each segment and country with the help of an attractiveness tool. The study consist of value chain analysis, which offers a better understanding of key companies in the supply chain from raw material manufacturers to end-users. Additionally, the study examines market competition through Porter’s Five Forces Analysis.

Global Polyethylene Terephthalate Market: Competitive Analysis

The report includes an overview of the market share of key companies in the global polyethylene terephthalate market. Market share of companies has been derived on the basis of production by manufacturers of polyethylene terephthalate. Key market players profiled in the study are  Indorama Ventures Public Limited Company, Jiangsu Sanfanxiang Group Co. Ltd., Far Eastern New Century, Egyptian Indian Polyester Company, M&G Chemicals, Neo Group, Dhunseri Petrochem Limited, DAK Americas, Reliance Industries Limited, OCTAL, and SK Chemical.

Global Polyethylene Terephthalate Market: Research Methodology

Primary research represents the majority of our research efforts, complemented by extensive secondary research. We reviewed key players’ product literature, annual reports, press releases, and relevant documents for competitive analysis and market understanding. Secondary research also includes a search of technical writing, recent trade, Internet sources, and statistical data from government websites, trade associations, and agencies. This has proven to be the most consistent, effective, and productive approach for procuring precise market data, recognizing business opportunities, and understanding industry participants’ perceptions.

Secondary research sources that are typically referred to include broker reports, corporation websites, external patented databases, financial reports, stockholder presentations, Securities & Exchange Commission filings, proprietary databases and relevant patent and regulatory databases, national government documents, statistical databases, and market reports, news articles, press releases, and webcasts specific to companies operating in the market. Secondary sources referred for this study include Chemical Week Magazine, ICIS Chemical Business Magazine, Hoover’s, Factiva, and company presentations.

The report segments the global polyethylene terephthalate market as:

By Application

  • Beverages
    • Bottled water
    • Carbonated drinks
    • Others (Juices, LDP)
  • Films
  • Food Packaging
  • Others (Cosmetic Bottles, Household Products)

By Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Russia
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia & New Zealand
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
    • Southern Global
  • Middle East & Africa
    • GCC countries
    • South Africa
    • Rest of Middle East & Africa


 
 
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