PET (Resin) Market was valued at USD 47.9 Billion in 2022 and is projected to reach USD 70.3 Billion by 2030, growing at a CAGR of 5.0% from 2024 to 2030.
The PET (Resin) market was valued at approximately USD 32.7 billion in 2022, with a compound annual growth rate (CAGR) of 5.6% projected from 2022 to 2030. The market's expansion is driven by the increasing demand for PET in various applications, including packaging, automotive, and textiles. The packaging sector, particularly for beverages and food products, represents a significant share of the market due to PET's superior barrier properties and recyclability. The rising consumer preference for lightweight and sustainable packaging materials further fuels market growth, creating lucrative opportunities for stakeholders.
Emerging markets, particularly in Asia-Pacific, are expected to witness substantial growth, driven by industrialization, urbanization, and a burgeoning middle-class population. This region’s expanding manufacturing base and increasing consumption of packaged goods contribute to the high demand for PET resin. Additionally, innovations in PET resin technologies and the development of new recycling processes present new avenues for market expansion. The growing focus on sustainable and eco-friendly materials provides further opportunities for growth, as industries seek to reduce their environmental footprint.
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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 Global PET (Resin) Market
Automotive
Electrical & Electronics
Consumer Goods
Industrial
Others
Based on Types the Market is categorized into Below types that held the largest PET (Resin) market share In 2023.
Bottles
Films/Sheets
Global (United States, Global 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 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. Global PET (Resin) Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global PET (Resin) Market, By Type
6. Global PET (Resin) Market, By Application
7. Global PET (Resin) Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global PET (Resin) Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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