NORTH AMERICA POLYETHYLENE TEREPHTHALATE (PET) MARKET 2021-2028

Chemicals & Materials | Plastic

NORTH AMERICA POLYETHYLENE TEREPHTHALATE (PET) MARKET 2021-2028

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

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Triton has concluded in its research report that the North American polyethylene terephthalate (PET) market would grow at 6.80% of CAGR by revenue, and at 6.16% of CAGR by volume, in the forecast years 2021-2028.


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The market in this region studies:

•           The United States

•           Canada

There is a significant rise in demand for packaging materials in the food & beverage sector in the United States. PET is used to replace parts in vehicles, as it helps reduce weight, as well as wear & tear. Also, it facilitates trouble-free performance for a longer period of time. Several companies manufacturing automotive vehicles have announced that they plan to invest in the country. This will enhance the growth of the US’ automotive market, and, in turn, raise the demand for PET. This growing demand will boost the growth of the country’s polyethylene terephthalate market over the coming years.

Moreover, the United States’ healthcare sector has grown tremendously over the years, with the rise in the geriatric population and the growing need for medical facilities to treat several health conditions. This has also increased the consumption of plastics like PET in the nation, as it is one of the primary components used in a range of medical devices. Further, the US has one of the most competitive FMCG industries, and several reputed names, such as PepsiCo, Coca-Cola, P&G, Unilever, Nestle, etc., are present in the nation. With the growing demand for packaging in the consumer goods industry, these players are competing strongly among themselves, to consolidate their brand name. This has created a huge demand for PET in the US, which is expected to proliferate the growth of the studied market in the years to come.

Reliance Industries Limited operates in the field of energy and materials, in addition to several other domains. It offers a wide range of products, including oil, gas, plastics, petroleum products, polymer intermediates, polyester products, polyester intermediates, chemicals, fabrics, and synthetic textiles, among others. The Relpet range of products offered by RIL consists of bottle-grade PET resins, having numerous applications. Reliance Industries has a notable presence in North America.

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Table of Content

1.    NORTH AMERICA 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. 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.    RISE IN USAGE OF SUBSTITUTE PRODUCTS

2.9. MARKET OPPORTUNITIES

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

3.    NORTH AMERICA POLYETHYLENE TEREPHTHALATE (PET) MARKET OUTLOOK – BY TYPE

3.1. CUPS

3.2. CANS

3.3. BOTTLES

3.4. POUCHES

3.5. OTHERS

4.    NORTH AMERICA POLYETHYLENE TEREPHTHALATE (PET) MARKET OUTLOOK – BY MATERIAL

4.1. GLASS

4.2. PLASTIC

4.3. METAL

4.4. PAPERBOARD

4.5. OTHERS

5.    NORTH AMERICA 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.    NORTH AMERICA POLYETHYLENE TEREPHTHALATE (PET) MARKET – REGIONAL OUTLOOK

6.1. UNITED STATES

6.2. CANADA

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: NORTH AMERICA POLYETHYLENE TEREPHTHALATE (PET) MARKET, BY COUNTRY, 2021-2028 (IN $ MILLION)

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

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

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

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

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

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

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

List of Figures

FIGURE 1: PORTER’S FIVE FORCES ANALYSIS

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

FIGURE 18: NORTH AMERICA POLYETHYLENE TEREPHTHALATE (PET) MARKET, REGIONAL OUTLOOK, 2020 & 2028 (IN %)

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

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

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