GLOBAL POLYETHYLENE TEREPHTHALATE (PET) MARKET 2021-2028

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GLOBAL POLYETHYLENE TEREPHTHALATE (PET) MARKET 2021-2028

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

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Triton Market Research estimates that the market for polyethylene terephthalate (PET) will grow with an anticipated CAGR of 7.15% during the forecast period, and will reach revenue of $41768.32 million by 2028. In addition, in terms of volume, the market is expected to grow with a CAGR of 6.53% in the same period, amounting to 32560.63 kilotons. The base year considered for the market study is 2020, and the forecasted period is between 2021 and 2028.


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Polyethylene terephthalate, also known as PET, is a widely used thermoplastic polymer in the polyester family. The resin is produced by utilizing raw materials like monoethylene glycol and terephthalic acid. PET is used in fibers for clothing, thermoforming for manufacturing, containers for foods, and glass fibers.

Triton Market Research’s report on the polyethylene terephthalate (PET) market provides an in-depth insight into the market. The detailed analysis of the market includes the key market insights, Porter’s five forces analysis, and market attractiveness index.

Drivers such as advances in PET, coupled with the adoption of readymade foods, are proliferating market growth. Several key players in the market are constantly researching and introducing newer products in the market, which is further fueling the demand for polyethylene terephthalate. Worldwide, the growth of planned retail has led to an extensive supply of food products through a widespread distribution network. These factors are expected to strengthen the growth of the market in the coming years.

Furthermore, companies are recognizing the importance of recycling PET into food-grade products, such as new beverage containers.  For instance, Danone has underlined its efforts in using recycled food packaging, while safeguarding food safety.

However, the growing rules and regulations pertaining to the usage of polyethylene terephthalate is problematic for vendors in the market. These regulations pertain to the entry of new players and the launch of new products. Additionally, vigilance occurs at every phase of the food & beverage packaging and distribution process. These regulations pose a great threat to the growth of the studied market.



Key geographies covered in the global polyethylene terephthalate (PET) market are:

•           North America: United States and Canada

•           Europe: United Kingdom, France, Germany, Spain, Italy, Russia, and Rest of Europe

•           Asia-Pacific: China, Japan, India, Australia & New Zealand, South Korea, ASEAN Countries, and Rest of Asia-Pacific

•           Latin America: Brazil, Mexico, and Rest of Latin America

•           Middle East and Africa: Saudi Arabia, Turkey, United Arab Emirates, South Africa, and Rest of Middle East & Africa

The segmentation analysis of the polyethylene terephthalate (PET) market includes:

•           Market by Type:

o          Cups

o          Cans

o          Bottles

o          Pouches

o          Others

•           Market by Material:

o          Glass

o          Plastic

o          Metal

o          Paperboard

o          Others

•           Market by Application:

o          Food and Beverage

o          Automotive

o          Electrical and Electronics

o          Healthcare

o          Consumer Goods

o          Other End-user Industries

The key companies profiled in the report include Far Eastern New Century Corporation, Indorama Ventures Public Company Ltd, Hengli Group Ltd, Jiangsu Sanfangxiang Group, Sinopec Group, Royal DSM, BASF SE, Alpek SAP DE CV, Saudi Basics Industries Corp, Octal, Lotte Chemical Corporation, China Resources Chemical Materials Technology Ltd, Reliance Industries, M&G Chemicals, and JBF Industries Ltd.

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Table of Content

1.    GLOBAL 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 – 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.    GLOBAL POLYETHYLENE TEREPHTHALATE (PET) MARKET OUTLOOK – BY TYPE

3.1. CUPS

3.2. CANS

3.3. BOTTLES

3.4. POUCHES

3.5. OTHERS

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

4.1. GLASS

4.2. PLASTIC

4.3. METAL

4.4. PAPERBOARD

4.5. OTHERS

5.    GLOBAL 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.    GLOBAL POLYETHYLENE TEREPHTHALATE (PET) MARKET – REGIONAL OUTLOOK

6.1. NORTH AMERICA

6.1.1.   MARKET BY TYPE

6.1.2.   MARKET BY MATERIAL

6.1.3.   MARKET BY APPLICATION

6.1.4.   COUNTRY ANALYSIS

6.1.4.1. UNITED STATES

6.1.4.2. CANADA

6.2. EUROPE

6.2.1.   MARKET BY TYPE

6.2.2.   MARKET BY MATERIAL

6.2.3.   MARKET BY APPLICATION

6.2.4.   COUNTRY ANALYSIS

6.2.4.1. UNITED KINGDOM

6.2.4.2. GERMANY

6.2.4.3. FRANCE

6.2.4.4. SPAIN

6.2.4.5. ITALY

6.2.4.6. RUSSIA

6.2.4.7. REST OF EUROPE

6.3. ASIA-PACIFIC

6.3.1.   MARKET BY TYPE

6.3.2.   MARKET BY MATERIAL

6.3.3.   MARKET BY APPLICATION

6.3.4.   COUNTRY ANALYSIS

6.3.4.1. CHINA

6.3.4.2. JAPAN

6.3.4.3. INDIA

6.3.4.4. SOUTH KOREA

6.3.4.5. ASEAN COUNTRIES

6.3.4.6. AUSTRALIA & NEW ZEALAND

6.3.4.7. REST OF ASIA-PACIFIC

6.4. LATIN AMERICA

6.4.1.   MARKET BY TYPE

6.4.2.   MARKET BY MATERIAL

6.4.3.   MARKET BY APPLICATION

6.4.4.   COUNTRY ANALYSIS

6.4.4.1. BRAZIL

6.4.4.2. MEXICO

6.4.4.3. REST OF LATIN AMERICA

6.5. MIDDLE EAST AND AFRICA

6.5.1.   MARKET BY TYPE

6.5.2.   MARKET BY MATERIAL

6.5.3.   MARKET BY APPLICATION

6.5.4.   COUNTRY ANALYSIS

6.5.4.1. UNITED ARAB EMIRATES

6.5.4.2. TURKEY

6.5.4.3. SAUDI ARABIA

6.5.4.4. SOUTH AFRICA

6.5.4.5. 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 Tables

TABLE 1: GLOBAL POLYETHYLENE TEREPHTHALATE (PET) MARKET, BY GEOGRAPHY, 2021-2028 (IN $ MILLION)

TABLE 2: GLOBAL POLYETHYLENE TEREPHTHALATE (PET) MARKET, BY GEOGRAPHY, 2021-2028 (IN KILOTON)

TABLE 3: MARKET ATTRACTIVENESS INDEX

TABLE 4: VENDOR SCORECARD

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

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

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

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

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

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

TABLE 11: GLOBAL POLYETHYLENE TEREPHTHALATE (PET) MARKET, BY GEOGRAPHY, 2021-2028 (IN $ MILLION)

TABLE 12: GLOBAL POLYETHYLENE TEREPHTHALATE (PET) MARKET, BY GEOGRAPHY, 2021-2028 (IN KILOTON)

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

TABLE 14: NORTH AMERICA POLYETHYLENE TEREPHTHALATE (PET) MARKET, BY COUNTRY, 2021-2028 (IN KILOTON)

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

TABLE 16: NORTH AMERICA POLYETHYLENE TEREPHTHALATE (PET) MARKET, BY TYPE, 2021-2028 (IN KILOTON)

TABLE 17: NORTH AMERICA POLYETHYLENE TEREPHTHALATE (PET) MARKET, BY MATERIAL, 2021-2028 (IN $ MILLION)

TABLE 18: NORTH AMERICA POLYETHYLENE TEREPHTHALATE (PET) MARKET, BY MATERIAL, 2021-2028 (IN KILOTON)

TABLE 19: NORTH AMERICA POLYETHYLENE TEREPHTHALATE (PET) MARKET, BY APPLICATION, 2021-2028 (IN $ MILLION)

TABLE 20: NORTH AMERICA POLYETHYLENE TEREPHTHALATE (PET) MARKET, BY APPLICATION, 2021-2028 (IN KILOTON)

TABLE 21: EUROPE POLYETHYLENE TEREPHTHALATE (PET) MARKET, BY COUNTRY, 2021-2028 (IN $ MILLION)

TABLE 22: EUROPE POLYETHYLENE TEREPHTHALATE (PET) MARKET, BY COUNTRY, 2021-2028 (IN KILOTON)

TABLE 23: EUROPE POLYETHYLENE TEREPHTHALATE (PET) MARKET, BY TYPE, 2021-2028 (IN $ MILLION)

TABLE 24: EUROPE POLYETHYLENE TEREPHTHALATE (PET) MARKET, BY TYPE, 2021-2028 (IN KILOTON)

TABLE 25: EUROPE POLYETHYLENE TEREPHTHALATE (PET) MARKET, BY MATERIAL, 2021-2028 (IN $ MILLION)

TABLE 26: EUROPE POLYETHYLENE TEREPHTHALATE (PET) MARKET, BY MATERIAL, 2021-2028 (IN KILOTON)

TABLE 27: EUROPE POLYETHYLENE TEREPHTHALATE (PET) MARKET, BY APPLICATION, 2021-2028 (IN $ MILLION)

TABLE 28: EUROPE POLYETHYLENE TEREPHTHALATE (PET) MARKET, BY APPLICATION, 2021-2028 (IN KILOTON)

TABLE 29: ASIA-PACIFIC POLYETHYLENE TEREPHTHALATE (PET) MARKET, BY COUNTRY, 2021-2028 (IN $ MILLION)

TABLE 30: ASIA-PACIFIC POLYETHYLENE TEREPHTHALATE (PET) MARKET, BY COUNTRY, 2021-2028 (IN KILOTON)

TABLE 31: ASIA-PACIFIC POLYETHYLENE TEREPHTHALATE (PET) MARKET, BY TYPE, 2021-2028 (IN $ MILLION)

TABLE 32: ASIA-PACIFIC POLYETHYLENE TEREPHTHALATE (PET) MARKET, BY TYPE, 2021-2028 (IN KILOTON)

TABLE 33: ASIA-PACIFIC POLYETHYLENE TEREPHTHALATE (PET) MARKET, BY MATERIAL, 2021-2028 (IN $ MILLION)

TABLE 34: ASIA-PACIFIC POLYETHYLENE TEREPHTHALATE (PET) MARKET, BY MATERIAL, 2021-2028 (IN KILOTON)

TABLE 35: ASIA-PACIFIC POLYETHYLENE TEREPHTHALATE (PET) MARKET, BY APPLICATION, 2021-2028 (IN $ MILLION)

TABLE 36: ASIA-PACIFIC POLYETHYLENE TEREPHTHALATE (PET) MARKET, BY APPLICATION, 2021-2028 (IN KILOTON)

TABLE 37: LATIN AMERICA POLYETHYLENE TEREPHTHALATE (PET) MARKET, BY COUNTRY, 2021-2028 (IN $ MILLION)

TABLE 38: LATIN AMERICA POLYETHYLENE TEREPHTHALATE (PET) MARKET, BY COUNTRY, 2021-2028 (IN KILOTON)

TABLE 39: LATIN AMERICA POLYETHYLENE TEREPHTHALATE (PET) MARKET, BY TYPE, 2021-2028 (IN $ MILLION)

TABLE 40: LATIN AMERICA POLYETHYLENE TEREPHTHALATE (PET) MARKET, BY TYPE, 2021-2028 (IN KILOTON)

TABLE 41: LATIN AMERICA POLYETHYLENE TEREPHTHALATE (PET) MARKET, BY MATERIAL, 2021-2028 (IN $ MILLION)

TABLE 42: LATIN AMERICA POLYETHYLENE TEREPHTHALATE (PET) MARKET, BY MATERIAL, 2021-2028 (IN KILOTON)

TABLE 43: LATIN AMERICA POLYETHYLENE TEREPHTHALATE (PET) MARKET, BY APPLICATION, 2021-2028 (IN $ MILLION)

TABLE 44: LATIN AMERICA POLYETHYLENE TEREPHTHALATE (PET) MARKET, BY APPLICATION, 2021-2028 (IN KILOTON)

TABLE 45: MIDDLE EAST AND AFRICA POLYETHYLENE TEREPHTHALATE (PET) MARKET, BY COUNTRY, 2021-2028 (IN $ MILLION)

TABLE 46: MIDDLE EAST AND AFRICA POLYETHYLENE TEREPHTHALATE (PET) MARKET, BY COUNTRY, 2021-2028 (IN KILOTON)

TABLE 47: MIDDLE EAST AND AFRICA POLYETHYLENE TEREPHTHALATE (PET) MARKET, BY TYPE, 2021-2028 (IN $ MILLION)

TABLE 48: MIDDLE EAST AND AFRICA POLYETHYLENE TEREPHTHALATE (PET) MARKET, BY TYPE, 2021-2028 (IN KILOTON)

TABLE 49: MIDDLE EAST AND AFRICA POLYETHYLENE TEREPHTHALATE (PET) MARKET, BY MATERIAL, 2021-2028 (IN $ MILLION)

TABLE 50: MIDDLE EAST AND AFRICA POLYETHYLENE TEREPHTHALATE (PET) MARKET, BY MATERIAL, 2021-2028 (IN KILOTON)

TABLE 51: MIDDLE EAST AND AFRICA POLYETHYLENE TEREPHTHALATE (PET) MARKET, BY APPLICATION, 2021-2028 (IN $ MILLION)

TABLE 52: MIDDLE EAST AND AFRICA POLYETHYLENE TEREPHTHALATE (PET) MARKET, BY APPLICATION, 2021-2028 (IN KILOTON)

List of Figures

FIGURE 1: PORTER’S FIVE FORCES ANALYSIS

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

FIGURE 18: GLOBAL 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)

FIGURE 21: UNITED KINGDOM POLYETHYLENE TEREPHTHALATE (PET) MARKET, 2021-2028 (IN $ MILLION)

FIGURE 22: GERMANY POLYETHYLENE TEREPHTHALATE (PET) MARKET, 2021-2028 (IN $ MILLION)

FIGURE 23: FRANCE POLYETHYLENE TEREPHTHALATE (PET) MARKET, 2021-2028 (IN $ MILLION)

FIGURE 24: SPAIN POLYETHYLENE TEREPHTHALATE (PET) MARKET, 2021-2028 (IN $ MILLION)

FIGURE 25: ITALY POLYETHYLENE TEREPHTHALATE (PET) MARKET, 2021-2028 (IN $ MILLION)

FIGURE 26: RUSSIA POLYETHYLENE TEREPHTHALATE (PET) MARKET, 2021-2028 (IN $ MILLION)

FIGURE 27: REST OF EUROPE POLYETHYLENE TEREPHTHALATE (PET) MARKET, 2021-2028 (IN $ MILLION)

FIGURE 28: CHINA POLYETHYLENE TEREPHTHALATE (PET) MARKET, 2021-2028 (IN $ MILLION)

FIGURE 29: JAPAN POLYETHYLENE TEREPHTHALATE (PET) MARKET, 2021-2028 (IN $ MILLION)

FIGURE 30: INDIA POLYETHYLENE TEREPHTHALATE (PET) MARKET, 2021-2028 (IN $ MILLION)

FIGURE 31: SOUTH KOREA POLYETHYLENE TEREPHTHALATE (PET) MARKET, 2021-2028 (IN $ MILLION)

FIGURE 32: ASEAN COUNTRIES POLYETHYLENE TEREPHTHALATE (PET) MARKET, 2021-2028 (IN $ MILLION)

FIGURE 33: AUSTRALIA & NEW ZEALAND POLYETHYLENE TEREPHTHALATE (PET) MARKET, 2021-2028 (IN $ MILLION)

FIGURE 34: REST OF ASIA-PACIFIC POLYETHYLENE TEREPHTHALATE (PET) MARKET, 2021-2028 (IN $ MILLION)

FIGURE 35: BRAZIL POLYETHYLENE TEREPHTHALATE (PET) MARKET, 2021-2028 (IN $ MILLION)

FIGURE 36: MEXICO POLYETHYLENE TEREPHTHALATE (PET) MARKET, 2021-2028 (IN $ MILLION)

FIGURE 37: REST OF LATIN AMERICA POLYETHYLENE TEREPHTHALATE (PET) MARKET, 2021-2028 (IN $ MILLION)

FIGURE 38: UNITED ARAB EMIRATES POLYETHYLENE TEREPHTHALATE (PET) MARKET, 2021-2028 (IN $ MILLION)

FIGURE 39: TURKEY POLYETHYLENE TEREPHTHALATE (PET) MARKET, 2021-2028 (IN $ MILLION)

FIGURE 40: SAUDI ARABIA POLYETHYLENE TEREPHTHALATE (PET) MARKET, 2021-2028 (IN $ MILLION)

FIGURE 41: SOUTH AFRICA POLYETHYLENE TEREPHTHALATE (PET) MARKET, 2021-2028 (IN $ MILLION)

FIGURE 42: REST OF MIDDLE EAST & AFRICA POLYETHYLENE TEREPHTHALATE (PET) MARKET, 2021-2028 (IN $ MILLION)

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