PET (Resin) Market size was valued at USD 28.75 Billion in 2024 and is forecasted to grow at a CAGR of 5.2% from 2026 to 2033, reaching USD 43.50 Billion by 2033.
The global Polyethylene Terephthalate (PET) resin market was valued at USD 32.5 billion in 2022, with projections indicating growth to USD 54.9 billion by 2032, reflecting a compound annual growth rate (CAGR) of 3.3% during the forecast period. The packaging sector dominated the application landscape, accounting for approximately 96% of the total PET resin market revenue in 2022. Regionally, Asia Pacific led the market, representing nearly 45% of global PET resin consumption in 2022. China contributed over half of this demand, followed by India. North America and Europe also held significant shares, driven by robust packaging industries and increasing adoption of recycled PET (rPET) due to sustainability regulations. The Middle East & Africa region is experiencing notable growth, supported by rising investments in PET manufacturing and expanding applications in construction and automotive industries. Opportunities in the PET resin market are emerging from technological advancements aimed at developing lightweight, high strength PET bottles and the increasing demand for sustainable packaging solutions across various sectors.
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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)
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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 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 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
US
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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