Market by Type, Material, Application, and Country | Forecast 2021-2028
According to Triton Market Research, the market for polyethylene terephthalate (PET) in the Middle East and Africa is forecasted to surge with a CAGR of 7.23% by revenue over the estimated period from 2021-2028. Also, this industry is expected to grow with a CAGR of 6.45% by volume, in the same period.
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The market in this region includes:
• The United Arab Emirates
• Turkey
• Saudi Arabia
• South Africa
• Rest of the MEA countries
Saudi Arabia is an emerging
market for PET resin, and is showing huge market potential. With the growing
population and demand for hygienic food, there is a growth in the food
packaging market as well. The Saudi Arabian packaging industry is one of the
major drivers of the studied market. There is a major rise in market segments
like construction packing. The innovation in the field of packaging, for
purposes like pharmaceuticals and cosmetics, is supporting the PET consumption
in the nation. This, in turn, is propelling the PET market on a growth path.
Additionally, the KSA is
witnessing steady growth in the sales of new cars. Data from the General
Authority for Statistics states that the automotive industry is likely to
witness an annual growth rate of approx. 4%-5% in the coming decade. This is
expected to augment the demand for PET in the country, as automobiles are major
end-users of the material. The increasing demand is expected to boost the
polyethylene terephthalate market in the nation in the forthcoming years.
Besides, Saudi’s healthcare
industry is known for having the expenditure amount, considering all the GCC
nations. There is a rising demand for increasing the bed capacity in hospital
and long-term care centers. The growing healthcare spending in the nation,
coupled with the privatization of numerous public hospitals, is expected to
fuel the demand for healthcare equipment in Saudi Arabia. This, in turn, is
anticipated to raise the demand for PET, and drive the studied market’s growth
in the years to come.
SABIC (Saudi Arabia Basic
Industries Corporation) is engaged in manufacturing and marketing plastics
(PET, PVC, polyolefin, PBT, PC, PS, and engineering thermoplastics),
agri-nutrients, chemicals, and metals. It operates five strategic business
units, namely Polymers, Chemicals, Agri-nutrients, Specialties, and Metals. The
corporation caters to a range of end-user markets, such as packaging, medical
devices, construction, agri-nutrients, transportation, electrical &
electronics, and clean energy. It is a public company, whose 70% of shares are
owned by the Government of Saudi Arabia. SABIC is headquartered in Riyadh.
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VIEW REPORT1. MIDDLE
EAST AND AFRICA POLYETHYLENE TEREPHTHALATE (PET) MARKET – SUMMARY
2. INDUSTRY
OUTLOOK
2.1. KEY
INSIGHTS
2.1.1. INCREASED
DEMAND FOR BOTTLED WATER
2.1.2. GROWING
USAGE OF BIODEGRADABLE PLASTICS
2.2. IMPACT
OF COVID-19 – POLYETHYLENE TEREPHTHALATE (PET) MARKET
2.3. PORTERS
FIVE FORCE 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. MIDDLE
EAST AND AFRICA POLYETHYLENE TEREPHTHALATE (PET) MARKET OUTLOOK – BY TYPE
3.1. CUPS
3.2. CANS
3.3. BOTTLES
3.4. POUCHES
3.5. OTHERS
4. MIDDLE
EAST AND AFRICA POLYETHYLENE TEREPHTHALATE (PET) MARKET OUTLOOK – BY MATERIAL
4.1. GLASS
4.2. PLASTIC
4.3. METAL
4.4. PAPERBOARD
4.5. OTHERS
5. MIDDLE
EAST AND AFRICA 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. MIDDLE
EAST AND AFRICA POLYETHYLENE TEREPHTHALATE (PET) MARKET – REGIONAL OUTLOOK
6.1. UNITED
ARAB EMIRATES
6.2. TURKEY
6.3. SAUDI
ARABIA
6.4. SOUTH
AFRICA
6.5. REST
OF MIDDLE EAST & AFRICA
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
TABLE 1: MARKET ATTRACTIVENESS
INDEX
TABLE 2: VENDOR SCORECARD
TABLE 3: MIDDLE EAST AND
AFRICA POLYETHYLENE TEREPHTHALATE (PET) MARKET, BY COUNTRY, 2021-2028 (IN $
MILLION)
TABLE 4: MIDDLE EAST AND
AFRICA POLYETHYLENE TEREPHTHALATE (PET) MARKET, BY COUNTRY, 2021-2028 (IN
KILOTON)
TABLE 5: MIDDLE EAST AND
AFRICA POLYETHYLENE TEREPHTHALATE (PET) MARKET, BY TYPE, 2021-2028 (IN $
MILLION)
TABLE 6: MIDDLE EAST AND
AFRICA POLYETHYLENE TEREPHTHALATE (PET) MARKET, BY TYPE, 2021-2028 (IN KILOTON)
TABLE 7: MIDDLE EAST AND
AFRICA POLYETHYLENE TEREPHTHALATE (PET) MARKET, BY MATERIAL, 2021-2028 (IN $
MILLION)
TABLE 8: MIDDLE EAST AND
AFRICA POLYETHYLENE TEREPHTHALATE (PET) MARKET, BY MATERIAL, 2021-2028 (IN
KILOTON)
TABLE 9: MIDDLE EAST AND
AFRICA POLYETHYLENE TEREPHTHALATE (PET) MARKET, BY APPLICATION, 2021-2028 (IN $
MILLION)
TABLE 10: MIDDLE EAST AND
AFRICA POLYETHYLENE TEREPHTHALATE (PET) MARKET, BY APPLICATION, 2021-2028 (IN
KILOTON)
FIGURE 1: PORTER’S FIVE FORCE
ANALYSIS
FIGURE 2: MIDDLE EAST AND
AFRICA POLYETHYLENE TEREPHTHALATE (PET) MARKET, BY CUPS, 2021-2028 (IN $
MILLION)
FIGURE 3: MIDDLE EAST AND
AFRICA POLYETHYLENE TEREPHTHALATE (PET) MARKET, BY CANS, 2021-2028 (IN $
MILLION)
FIGURE 4: MIDDLE EAST AND AFRICA
POLYETHYLENE TEREPHTHALATE (PET) MARKET, BY BOTTLES, 2021-2028 (IN $ MILLION)
FIGURE 5: MIDDLE EAST AND
AFRICA POLYETHYLENE TEREPHTHALATE (PET) MARKET, BY POUCHES, 2021-2028 (IN $
MILLION)
FIGURE 6: MIDDLE EAST AND
AFRICA POLYETHYLENE TEREPHTHALATE (PET) MARKET, BY OTHERS, 2021-2028 (IN $
MILLION)
FIGURE 7: MIDDLE EAST AND
AFRICA POLYETHYLENE TEREPHTHALATE (PET) MARKET, BY GLASS, 2021-2028 (IN $
MILLION)
FIGURE 8: MIDDLE EAST AND
AFRICA POLYETHYLENE TEREPHTHALATE (PET) MARKET, BY PLASTIC, 2021-2028 (IN $
MILLION)
FIGURE 9: MIDDLE EAST AND
AFRICA POLYETHYLENE TEREPHTHALATE (PET) MARKET, BY METAL, 2021-2028 (IN $
MILLION)
FIGURE 10: MIDDLE EAST AND
AFRICA POLYETHYLENE TEREPHTHALATE (PET) MARKET, BY PAPERBOARD, 2021-2028 (IN $
MILLION)
FIGURE 11: MIDDLE EAST AND
AFRICA POLYETHYLENE TEREPHTHALATE (PET) MARKET, BY OTHERS, 2021-2028 (IN $
MILLION)
FIGURE 12: MIDDLE EAST AND
AFRICA POLYETHYLENE TEREPHTHALATE (PET) MARKET, BY FOOD AND BEVERAGE, 2021-2028
(IN $ MILLION)
FIGURE 13: MIDDLE EAST AND
AFRICA POLYETHYLENE TEREPHTHALATE (PET) MARKET, BY AUTOMOTIVE, 2021-2028 (IN $
MILLION)
FIGURE 14: MIDDLE EAST AND
AFRICA POLYETHYLENE TEREPHTHALATE (PET) MARKET, BY ELECTRICAL AND ELECTRONICS,
2021-2028 (IN $ MILLION)
FIGURE 15: MIDDLE EAST AND
AFRICA POLYETHYLENE TEREPHTHALATE (PET) MARKET, BY HEALTHCARE, 2021-2028 (IN $
MILLION)
FIGURE 16: MIDDLE EAST AND
AFRICA POLYETHYLENE TEREPHTHALATE (PET) MARKET, BY CONSUMER GOODS, 2021-2028
(IN $ MILLION)
FIGURE 17: MIDDLE EAST AND
AFRICA POLYETHYLENE TEREPHTHALATE (PET) MARKET, BY OTHER END USERS, 2021-2028
(IN $ MILLION)
FIGURE 18: MIDDLE EAST AND
AFRICA POLYETHYLENE TEREPHTHALATE (PET) MARKET, REGIONAL OUTLOOK, 2020 &
2028 (IN %)
FIGURE 19: UNITED ARAB
EMIRATES POLYETHYLENE TEREPHTHALATE (PET) MARKET, 2021-2028 (IN $ MILLION)
FIGURE 20: TURKEY POLYETHYLENE
TEREPHTHALATE (PET) MARKET, 2021-2028 (IN $ MILLION)
FIGURE 21: SAUDI ARABIA
POLYETHYLENE TEREPHTHALATE (PET) MARKET, 2021-2028 (IN $ MILLION)
FIGURE 22: SOUTH AFRICA
POLYETHYLENE TEREPHTHALATE (PET) MARKET, 2021-2028 (IN $ MILLION)
FIGURE 23: REST OF MIDDLE EAST
& AFRICA POLYETHYLENE TEREPHTHALATE (PET) MARKET, 2021-2028 (IN $ MILLION)