Market Research Report
Global Polyethylene terephthalate (PET) Market
|Published by||Bizwit Research & Consulting LLP||Product code||821236|
Delivery time: 2-3 business days
|Global Polyethylene terephthalate (PET) Market|
|Published: April 1, 2019||Content info:||
Global Polyethylene Terephthalate (PET) Market valued approximately USD XX billion in 2017 is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2018-2025. The Polyethylene Terephthalate (PET) Market is continuously growing in the global scenario at significant pace. Polyethylene Terephthalate is the most common thermoplastic polymer resin of the polyester family and used in fibers for clothing, containers for liquid ad foods, thermoforming for manufacturing and combination with glass fibers for engineering resins. Increasing demand for packaged water, rise in consumption of ready-to-eat products and rising government support are the substantial driving factors of the market during the forecast period. Moreover, emerging trends in development of bio-based PET and rising R&D in recyclability of PET products are the factors that creating numerous opportunity in the market during the forecast period. Further polyethylene terephthalate offers several benefits such as it is light-weighted, it has high transparency, it is high pressure resistant and many more. These benefits also boosting the demand of Polyethylene Terephthalate (PET) across the world. However, increasing labor cost & taxes rate and choking hazards related with PET containers are the factors that limiting the market growth of Polyethylene Terephthalate (PET) during the forecast period.
The regional analysis of Global Polyethylene Terephthalate (PET) Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Asia-Pacific is the leading/significant region across the world in terms of market share due to rising demand for sustained & recyclable material and growing food & beverage sector in the region. Further, Europe is estimated to grow at stable rate in the global Polyethylene Terephthalate (PET) market over the upcoming years. North America is also anticipated to exhibit higher growth rate/CAGR over the forecast period 2018-2025. These region is mainly driven by developed electronic & electrical sectors in the region.
The major market player 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 product 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:
Historical year - 2015, 2016
Base year - 2017
Forecast period - 2018 to 2025
Target Audience of the Global Polyethylene Terephthalate (PET) Market in Market Study: