PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1077551
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1077551
Global Amorphous Polyethylene Terephthalate Market is valued at approximately USD 41.4 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 7.4% over the forecast period 2022-2028. Amorphous Polyethylene Terephthalate is the plastic resin which is obtained after coming in contact with amorphous. Because of its key properties, such as being safe, lightweight, 100 percent recyclable, robust, safe, transparent, and so on, industry uses amorphous polyethylene terephthalate. Amorphous polyethylene terephthalate has a thickness of 0.030", which is higher than a conventional pet, which has a thickness of 0.020". It's primarily used in the food and beverage industry, as well as pharmaceuticals, to make bottles, containers, and sheets. The market is driven by increasing application in food & beverage industry and growing awareness to direct the market demand and supply. According to Statista, In India, the food and beverage industry accounted for over 40% of the country's consumer packaged products industry. In 2020, the food and beverage industry in India is expected to be valued at roughly USD 46 billion. The food industry is prepared for future expansion, with the goal of increasing its annual contribution to global food commerce. However, fluctuating prices impede the growth of the market over the forecast period of 2022-2028.
The key regions considered for the global Amorphous Polyethylene Terephthalate Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. Asia Pacific is leading the market share globally. Factors such as increasing demand for Amorphous PET and demand for high-end packaging products for food & beverage, and pharmaceutical, has been growing rapidly.
Major market players included in this report are:
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Application offerings of key players. The detailed segments and sub-segment of the market are explained below:
Furthermore, years considered for the study are as follows:
Target Audience of the Global Amorphous Polyethylene Terephthalate Market in Market Study:
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