PUBLISHER: GlobalData | PRODUCT CODE: 1835040
PUBLISHER: GlobalData | PRODUCT CODE: 1835040
Global Polyethylene Terephthalate (PET) capacity is poised to grow significantly by more than 20% during the 2025 to 2030 outlook period mainly due to its escalating demand in packaging, fabrics and textile industries. PET is a thermoplastic polymer resin known for its versatile properties, including being lightweight, chemically resistant, and providing an effective barrier against moisture and gases. Consequently, it is commonly used in the manufacture of fibers, shopping bags, water bottles, housing materials, and containers for liquids and foods.