Us PET Resin Market Size By Applications, By Type, By End-User, By Deployment & By Technology 2032
PET Resin Market was valued at USD 27.6 Billion in 2022 and is projected to reach USD 40.0 Billion by 2030, growing at a CAGR of 5.5% from 2024 to 2030.
The U.S. Polyethylene Terephthalate (PET) resin market is experiencing significant growth, driven by its extensive use in packaging and a rising demand for sustainable materials. In 2022, the market was valued at approximately USD 7.30 billion and is projected to grow at a Compound Annual Growth Rate (CAGR) of 9.2% during the forecast period, reaching an estimated USD 13.8 billion by 2030.
PET resin's popularity stems from its versatile applications, particularly in the packaging industry. Its lightweight, durable, and non-reactive properties make it ideal for beverage bottles, food containers, and various consumer goods. In 2022, packaging applications dominated the market, accounting for about 96% of the overall PET resin market revenue.
However, the U.S. faces challenges in PET recycling. In 2021, only 28% of PET containers were recycled, a stark contrast to countries like Germany and Denmark, where recycling rates exceed 90%. This low recycling rate is attributed to factors such as inadequate recycling infrastructure and high contamination levels in collected plastics.
Despite these challenges, there is a growing emphasis on sustainability. Companies are investing in advanced recycling technologies, including chemical recycling and enzyme-based methods, to enhance the quality and efficiency of recycled PET (rPET). This shift is expected to boost the rPET segment's market share in the coming years.
Supply chain dynamics also influence PET resin prices. In June 2024, prices surged due to supply disruptions coupled with strong demand from the beverage industry. Such fluctuations highlight the market's sensitivity to production and supply chain factors.
In summary, the U.S. PET resin market is poised for robust growth, driven by its essential role in packaging and increasing sustainability initiatives. Addressing recycling challenges and stabilizing supply chains will be crucial for the market's future trajectory.
Get an In-Depth Research Analysis of the Global PET Resin Market Size And Forecast [2025-2032]
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DuPont
Eastman
SK Chemicals
Indorama Ventures
DAK
M&G Chemicals
Far Eastern New Century Corporation
JBF
OCTAL
TEIJIN
Dhunseri Petrochem & Tea
Lotte Chemical
SABIC
Nan Ya Plastics
Petroquimica Suape
KoKsan
EIPET
Selenis
NEO GROUP
Zhejiang Hengyi
Sinopec Yizheng Chemical Fibre
Sanfangxiang Group
Since CR Chemicals
Rongsheng petrochemical
Wankai New Materials
Far Eastern Industry
Zhenbang Fibre
Thai PET Resin Co. Ltd.
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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. 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
Virgin PET Resin
Recycled PET Resin
Bio-based PET Resin
Bottles and Containers
Textiles
Film and Sheet
Food and Beverage
Textile
Consumer Goods
Automotive
Electronics
Pellets
Flakes
Sheets
Injection Molding
Blow Molding
Extrusion
Thermoforming
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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