Global Polyethylene Terephthalate (PET) Resin Market 2023-2029

Polyethylene Terephthalate (PET) resin is a thermoplastic polymer that is widely used in the manufacture of various products, including plastic bottles, food packaging, textile fibers, and more. According to the latest research, the global PET resin market is poised to grow by 10.9 million tons during 2023-2029, progressing at a CAGR of 5.66% during the forecast period. The use of PET resin in the manufacturing industry is expected to continue to grow, driven by its desirable properties, versatility, cost-effectiveness, and increasing demand for eco-friendly materials. As recycling initiatives continue to be developed and refined, PET resin is expected to remain a popular and sustainable choice for manufacturers in many different industries.The use of PET resin in the manufacturing industry is expected to continue to grow, driven by its desirable properties, versatility, cost-effectiveness, and increasing demand for eco-friendly materials. As recycling initiatives continue to be developed and refined, PET resin is expected to remain a popular and sustainable choice for manufacturers in many different industries.

The report covers market size and growth, segmentation, regional breakdowns, competitive landscape, trends and strategies for global PET resin market. It presents a quantitative analysis of the market to enable stakeholders to capitalize on the prevailing market opportunities. The report also identifies top segments for opportunities and strategies based on market trends and leading competitors’ approaches.

This industry report offers market estimates and forecasts of the global market, followed by a detailed analysis of the product type, end user, and region. The global market for PET resin can be segmented by product type: bottles, films and sheets, others. Globally, the bottles segment made up the largest share of the PET resin market. PET resin market is further segmented by end user: food and beverage, automotive, electrical and electronics, healthcare, consumer goods, others. The food and beverage segment captured the largest share of the market in 2022. Based on region, the PET resin market is segmented into: North America, Europe, Asia-Pacific, MEA (Middle East and Africa), Latin America. According to the research, Asia-Pacific had the largest share in the global PET resin market.

Market Segmentation
By product type: bottles, films and sheets, others
By end user: food and beverage, automotive, electrical and electronics, healthcare, consumer goods, others
By region: North America, Europe, Asia-Pacific, MEA (Middle East and Africa), Latin America

The global PET resin market report offers detailed information on several market vendors, including Alpek S.A.B. de C.V., Far Eastern New Century Corporation, Indorama Ventures Public Company Limited, Reliance Industries Limited, SABIC, Sinopec Group, Jiangsu Sanfangxiang Group Co., Ltd., CR Chemical Materials Technology Inc., Hengli Group Co., Ltd., JBF Industries Ltd., Lotte Chemical Corporation, Zhejiang Hengyi Group Co., Ltd., Zhejiang Zhink Group Co., Ltd., among others. In this report, key players and their strategies are thoroughly analyzed to understand the competitive outlook of the market.
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Scope of the Report
• To analyze and forecast the market size of the global PET resin market.
• To classify and forecast the global PET resin market based on product type, end user, region.
• To identify drivers and challenges for the global PET resin market.
• To examine competitive developments such as mergers & acquisitions, agreements, collaborations and partnerships, etc., in the global PET resin market.
• To identify and analyze the profile of leading players operating in the global PET resin market.

Why Choose This Report
• Gain a reliable outlook of the global PET resin market forecasts from 2023 to 2029 across scenarios.
• Identify growth segments for investment.
• Stay ahead of competitors through company profiles and market data.
• The market estimate for ease of analysis across scenarios in Excel format.
• Strategy consulting and research support for three months.
• Print authentication provided for the single-user license.