Underwater Pelletizing System for PET Market size was valued at USD 250 Million in 2024 and is projected to reach USD 400 Million by 2033, exhibiting a CAGR of 5.5% from 2026 to 2033.
The global Underwater Pelletizing System for PET market was valued at approximately USD 850 million in 2022, with an expected Compound Annual Growth Rate (CAGR) of 6.4% from 2023 to 2030. The increasing demand for PET products in industries like textiles, packaging, and automotive is a key driver of market growth. North America held a significant share in 2022, contributing over 30% of the total market size, due to the rapid industrialization and established manufacturing infrastructure in the region. The Asia Pacific region is expected to grow at the highest CAGR of 7.1% during the forecast period, owing to the rising production capacities in countries such as China and India, which are major hubs for PET processing industries.
Europe also holds a considerable share in the Underwater Pelletizing System for PET market, with a market size of around USD 200 million in 2022, and is anticipated to grow steadily at a CAGR of 5.8% over the forecast period. The growing emphasis on sustainability and recycling in the region has led to increased demand for PET recycling, supporting the adoption of advanced pelletizing technologies. The Middle East & Africa market is expected to witness moderate growth, with an expected CAGR of 4.5%, driven by ongoing industrial developments and growing demand for PET based products in various applications. Latin America, while contributing a smaller portion of the global market, is projected to see a steady rise in demand for pelletizing systems due to expanding PET industries in countries like Brazil and Mexico.
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MAAG Group
Nordson
Wuxi Huachen
ECON
Ips Intelligent Pelletizing Solutions
Coperion
Davis-Standard
Farrel Pomini
Trendelkamp
Cowin Extrusion
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Underwater Pelletizing System for PET Market
Single Pelletizing Systems
Multi-Pelletizing Systems
Virgin PET
Recycled PET (rPET)
High-Performance PET
Packaging
Textiles
Automotive
Consumer Goods
Electronics
Conventional Underwater Pelletizing Technology
Advanced Underwater Pelletizing Technology
Hybrid Systems
Fine Pellets
Medium Pellets
Large Pellets
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Underwater Pelletizing System for PET Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Underwater Pelletizing System for PET Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Underwater Pelletizing System for PET Market, By Type
6. Global Underwater Pelletizing System for PET Market, By Application
7. Global Underwater Pelletizing System for PET Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Underwater Pelletizing System for PET Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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