Europe PET (Resin) Market was valued at USD 15.6 Billion in 2022 and is projected to reach USD 22.4 Billion by 2030, growing at a CAGR of 5.0% from 2024 to 2030.
The PET (Resin) market in Europe has seen significant growth over the years, driven by increased demand from a wide array of industries. Polyethylene Terephthalate (PET), a type of plastic resin, is most commonly used in the manufacturing of bottles, packaging materials, and textiles. It is also widely used in the production of fibers for clothing and in the food and beverage sector due to its high strength, clarity, and recyclability. In 2025, Europe is projected to see a continuous uptick in demand, with industries like packaging, automotive, and electronics leading the charge.
One of the key reasons for the increased demand for PET resin in Europe is its versatility. PET resin is essential in the production of lightweight, durable, and cost-effective products. The packaging industry alone is one of the largest consumers, particularly for beverage containers. PET is widely preferred due to its ability to withstand various external conditions, ensuring product safety during transportation and storage. Moreover, as more companies focus on sustainability, the recycling potential of PET is a significant draw, further driving its market growth.
The automotive industry has also contributed to PET’s rise in popularity. With the demand for fuel-efficient and lightweight vehicles on the rise, PET resin is increasingly used for manufacturing components like bumpers, dashboards, and interior parts. The material helps reduce the overall weight of the vehicle, improving fuel efficiency and lowering carbon emissions.
The electronics sector, too, has found substantial use for PET resin in producing durable and reliable parts. With the demand for consumer electronics continuing to rise, the need for high-performance, cost-efficient materials is greater than ever, and PET fulfills this requirement perfectly. Furthermore, its resistance to high temperatures makes it ideal for electronic components that need to endure extreme conditions.
As we look towards the future, industries like packaging, automotive, and electronics will continue to fuel the demand for PET resin, making it a crucial material across sectors in Europe. Its wide range of uses, recyclability, and sustainability potential mean that it will remain integral to industrial innovation and development for years to come.
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Indorama Ventures (Thailand)
M&G Chemicals (Luxembourg)
Jiangsu Sanfangxiang (China)
Far Eastern New Century (Taiwan)
Alpex (Mexico)
BASF (Germany)
Toray Industries (Japan)
DSM (Netherlands)
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. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. 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 Europe PET (Resin) Market
Food and Beverage
Consumer Goods
Automotive
Pharmaceuticals
Electronics
Construction
Multifunctional PET
Thermoplastics PET
Recycled PET (rPET)
Preforms
Films and Sheets
Bottles
Packaging (Flexible and Rigid)
Textiles
Automotive Parts
Household Products
Standard PET
Specialty PET
Color PET
Barrier PET
Enhancement Additives PET
Polymerization Process
Extrusion Process
Injection Molding
Blow Molding
Thermoforming
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 Europe PET (Resin) 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. Europe PET (Resin) Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Europe PET (Resin) Market, By Type
6. Europe PET (Resin) Market, By Application
7. Europe PET (Resin) Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Europe PET (Resin) Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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