ASIA-PACIFIC POLYETHYLENE TEREPHTHALATE (PET) MARKET 2021-2028

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ASIA-PACIFIC POLYETHYLENE TEREPHTHALATE (PET) MARKET 2021-2028

Market by Type, Material, Application, and Country | Forecast 2021-2028

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Triton’s report on the Asia-Pacific polyethylene terephthalate (PET) market states that it is anticipated to grow in revenue terms with a CAGR of 7.37% and in volume terms with a CAGR of 6.76%, during the estimated phase from 2021-2028.


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The market in this region scrutinizes:

•           China

•           Japan

•           India

•           South Korea

•           ASEAN Countries

•           Australia & New Zealand

•           Rest of APAC countries

The market for PET in Australia is witnessing growth, owing to the growth in the F&B sector. The detergent manufacturing sector in the nation is also strong, accounting for total sales worth $10 billion. This industry is very dynamic, and is increasingly focusing on innovation to capture the consumers’ interest. This is likely to increase the demand for PET packaging. The increasing support from the government is also favoring the growth of the polyethylene terephthalate market in Australia.

With the growing disposable incomes, the purchasing power of people in China has increased. This has led to a high demand for cars in the nation, which, in turn, is augmenting the demand for PET. The national medical device industry is witnessing a rising demand for high-tech medical devices for treating various diseases. Polyethylene terephthalate is widely used in medical devices like sutures and implantable parts. Thus, the growing demand for medical devices is propelling the demand for PET.

Furthermore, the food and beverage sector in China is experiencing a boost, with the enhanced living standard of the people. Therefore, there is a growing demand for packaged, ready-to-cook, and ready-to-eat food, as well as a range of beverages. PET is an important material used for packaging these products. Such factors are aiding the PET market in China to grow in the forthcoming years.

Lotte Chemical Corporation produces petrochemical raw materials and products, such as aromatic compounds and olefins. Its key product offerings include PET, PP, SM, EG, LLDPE, ethylene, PIA, HDPE, functional resin, LDPE, etc. The growing demand for oil and petrochemicals will help the company grow in the coming years. The company is headquartered in Seoul, South Korea.

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Table of Content

1.    ASIA-PACIFIC POLYETHYLENE TEREPHTHALATE (PET) MARKET – SUMMARY

2.    INDUSTRY OUTLOOK

2.1. KEY INSIGHTS

2.1.1.   ASIA-PACIFIC DOMINATES THE OVERALL POLYETHYLENE TEREPHTHALATE (PET) MARKET

2.1.2.   INCREASED DEMAND FOR BOTTLED WATER

2.1.3.   GROWING USAGE OF BIODEGRADABLE PLASTICS

2.2. IMPACT OF COVID-19 – POLYETHYLENE TEREPHTHALATE (PET) MARKET

2.3. PORTER’S FIVE FORCES ANALYSIS

2.3.1.   THREAT OF NEW ENTRANTS

2.3.2.   THREAT OF SUBSTITUTE

2.3.3.   BARGAINING POWER OF SUPPLIERS

2.3.4.   BARGAINING POWER OF BUYERS

2.3.5.   THREAT OF COMPETITIVE RIVALRY

2.4. MARKET ATTRACTIVENESS INDEX

2.5. VENDOR SCORECARD

2.6. KEY MARKET STRATEGIES

2.6.1.   ACQUISITIONS

2.6.2.   PARTNERSHIP & AGREEMENTS

2.6.3.   BUSINESS EXPANSION

2.7. MARKET DRIVERS

2.7.1.   RISING ADOPTION OF READY-MADE FOODS

2.7.2.   ADVANCEMENTS IN POLYETHYLENE TEREPHTHALATE (PET) MARKET

2.7.3.   BUDDING INTEREST IN ECOLOGICAL PACKAGING

2.8. MARKET RESTRAINTS

2.8.1.   STRINGENT RULES IMPOSED BY REGULATORY FIRMS

2.8.2.   INCREASING USAGE OF SUBSTITUTE PRODUCTS

2.9. MARKET OPPORTUNITIES

2.9.1.   INCREASING DEMAND FOR BIO-BASED POLYETHYLENE TEREPHTHALATE (PET)

3.    ASIA-PACIFIC POLYETHYLENE TEREPHTHALATE (PET) MARKET OUTLOOK – BY TYPE

3.1. CUPS

3.2. CANS

3.3. BOTTLES

3.4. POUCHES

3.5. OTHERS

4.    ASIA-PACIFIC POLYETHYLENE TEREPHTHALATE (PET) MARKET OUTLOOK – BY MATERIAL

4.1. GLASS

4.2. PLASTIC

4.3. METAL

4.4. PAPERBOARD

4.5. OTHERS

5.    ASIA-PACIFIC POLYETHYLENE TEREPHTHALATE (PET) MARKET OUTLOOK – BY APPLICATION

5.1. FOOD AND BEVERAGE

5.2. AUTOMOTIVE

5.3. ELECTRICAL AND ELECTRONICS

5.4. HEALTHCARE

5.5. CONSUMER GOODS

5.6. OTHER END USERS

6.    ASIA-PACIFIC POLYETHYLENE TEREPHTHALATE (PET) MARKET – REGIONAL OUTLOOK

6.1. CHINA

6.2. JAPAN

6.3. INDIA

6.4. SOUTH KOREA

6.5. ASEAN COUNTRIES

6.6. AUSTRALIA & NEW ZEALAND

6.7. REST OF ASIA-PACIFIC

7.    COMPETITIVE LANDSCAPE

7.1. RELIANCE INDUSTRIES

7.2. LOTTE CHEMICAL CORPORATION

7.3. JBF INDUSTRIES LTD

7.4. ROYAL DSM

7.5. BASF SE

7.6. ALPEK SAP DE CV

7.7. CHINA RESOURCES CHEMICAL MATERIALS TECHNOLOGY LTD

7.8. FAR EASTERN NEW CENTURY CORPORATION

7.9. HENGLI GROUP LTD

7.10. JIANGSU SANFANGXIANG GROUP 

7.11. OCTAL

7.12. SAUDI BASICS INDUSTRIES CORP

7.13. SINOPEC GROUP

7.14. INDORAMA VENTURES PUBLIC COMPANY LTD

7.15. M&G CHEMICALS

8.    METHODOLOGY & SCOPE

8.1. RESEARCH SCOPE & DELIVERABLES

8.2. SOURCES OF DATA

8.3. RESEARCH METHODOLOGY

List of table

TABLE 1: MARKET ATTRACTIVENESS INDEX

TABLE 2: VENDOR SCORECARD

TABLE 3: ASIA-PACIFIC POLYETHYLENE TEREPHTHALATE (PET) MARKET, BY COUNTRY, 2021-2028 (IN $ MILLION)

TABLE 4: ASIA-PACIFIC POLYETHYLENE TEREPHTHALATE (PET) MARKET, BY COUNTRY, 2021-2028 (IN KILOTON)

TABLE 5: ASIA-PACIFIC POLYETHYLENE TEREPHTHALATE (PET) MARKET, BY TYPE, 2021-2028 (IN $ MILLION)

TABLE 6: ASIA-PACIFIC POLYETHYLENE TEREPHTHALATE (PET) MARKET, BY TYPE, 2021-2028 (IN KILOTON)

TABLE 7: ASIA-PACIFIC POLYETHYLENE TEREPHTHALATE (PET) MARKET, BY MATERIAL, 2021-2028 (IN $ MILLION)

TABLE 8: ASIA-PACIFIC POLYETHYLENE TEREPHTHALATE (PET) MARKET, BY MATERIAL, 2021-2028 (IN KILOTON)

TABLE 9: ASIA-PACIFIC POLYETHYLENE TEREPHTHALATE (PET) MARKET, BY APPLICATION, 2021-2028 (IN $ MILLION)

TABLE 10: ASIA-PACIFIC POLYETHYLENE TEREPHTHALATE (PET) MARKET, BY APPLICATION, 2021-2028 (IN KILOTON)

List of Figures

FIGURE 1: PORTER’S FIVE FORCES ANALYSIS

FIGURE 2: ASIA-PACIFIC POLYETHYLENE TEREPHTHALATE (PET) MARKET, BY CUPS, 2021-2028 (IN $ MILLION)

FIGURE 3: ASIA-PACIFIC POLYETHYLENE TEREPHTHALATE (PET) MARKET, BY CANS, 2021-2028 (IN $ MILLION)

FIGURE 4: ASIA-PACIFIC POLYETHYLENE TEREPHTHALATE (PET) MARKET, BY BOTTLES, 2021-2028 (IN $ MILLION)

FIGURE 5: ASIA-PACIFIC POLYETHYLENE TEREPHTHALATE (PET) MARKET, BY POUCHES, 2021-2028 (IN $ MILLION)

FIGURE 6: ASIA-PACIFIC POLYETHYLENE TEREPHTHALATE (PET) MARKET, BY OTHERS, 2021-2028 (IN $ MILLION)

FIGURE 7: ASIA-PACIFIC POLYETHYLENE TEREPHTHALATE (PET) MARKET, BY GLASS, 2021-2028 (IN $ MILLION)

FIGURE 8: ASIA-PACIFIC POLYETHYLENE TEREPHTHALATE (PET) MARKET, BY PLASTIC, 2021-2028 (IN $ MILLION)

FIGURE 9: ASIA-PACIFIC POLYETHYLENE TEREPHTHALATE (PET) MARKET, BY METAL, 2021-2028 (IN $ MILLION)

FIGURE 10: ASIA-PACIFIC POLYETHYLENE TEREPHTHALATE (PET) MARKET, BY PAPERBOARD, 2021-2028 (IN $ MILLION)

FIGURE 11: ASIA-PACIFIC POLYETHYLENE TEREPHTHALATE (PET) MARKET, BY OTHERS, 2021-2028 (IN $ MILLION)

FIGURE 12: ASIA-PACIFIC POLYETHYLENE TEREPHTHALATE (PET) MARKET, BY FOOD AND BEVERAGE, 2021-2028 (IN $ MILLION)

FIGURE 13: ASIA-PACIFIC POLYETHYLENE TEREPHTHALATE (PET) MARKET, BY AUTOMOTIVE, 2021-2028 (IN $ MILLION)

FIGURE 14: ASIA-PACIFIC POLYETHYLENE TEREPHTHALATE (PET) MARKET, BY ELECTRICAL AND ELECTRONICS, 2021-2028 (IN $ MILLION)

FIGURE 15: ASIA-PACIFIC POLYETHYLENE TEREPHTHALATE (PET) MARKET, BY HEALTHCARE, 2021-2028 (IN $ MILLION)

FIGURE 16: ASIA-PACIFIC POLYETHYLENE TEREPHTHALATE (PET) MARKET, BY CONSUMER GOODS, 2021-2028 (IN $ MILLION)

FIGURE 17: ASIA-PACIFIC POLYETHYLENE TEREPHTHALATE (PET) MARKET, BY OTHER END USERS, 2021-2028 (IN $ MILLION)

FIGURE 18: ASIA-PACIFIC POLYETHYLENE TEREPHTHALATE (PET) MARKET, REGIONAL OUTLOOK, 2020 & 2028 (IN %)

FIGURE 19: CHINA POLYETHYLENE TEREPHTHALATE (PET) MARKET 2021-2028 (IN $ MILLION)

FIGURE 20: JAPAN POLYETHYLENE TEREPHTHALATE (PET) MARKET 2021-2028 (IN $ MILLION)

FIGURE 21: INDIA POLYETHYLENE TEREPHTHALATE (PET) MARKET 2021-2028 (IN $ MILLION)

FIGURE 22: SOUTH KOREA POLYETHYLENE TEREPHTHALATE (PET) MARKET 2021-2028 (IN $ MILLION)

FIGURE 23: ASEAN COUNTRIES POLYETHYLENE TEREPHTHALATE (PET) MARKET 2021-2028 (IN $ MILLION)

FIGURE 24: AUSTRALIA & NEW ZEALAND POLYETHYLENE TEREPHTHALATE (PET) MARKET 2021-2028 (IN $ MILLION)

FIGURE 25: REST OF ASIA-PACIFIC POLYETHYLENE TEREPHTHALATE (PET) MARKET 2021-2028 (IN $ MILLION)

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