MIDDLE EAST AND AFRICA POLYETHYLENE TEREPHTHALATE (PET) MARKET 2021-2028

Chemicals & Materials | Plastic

MIDDLE EAST AND AFRICA POLYETHYLENE TEREPHTHALATE (PET) MARKET 2021-2028

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

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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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Table of Content

1.    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

List of table

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)

List of Figures

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)

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