PUBLISHER: TechNavio | PRODUCT CODE: 1762872
PUBLISHER: TechNavio | PRODUCT CODE: 1762872
The polyethylene terephthalate market is forecasted to grow by USD 24,768 mn during 2024-2029, accelerating at a CAGR of 8.5% during the forecast period. The report on the polyethylene terephthalate market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increase in consumption of packaging material, demand for sustainable and recyclable material, and increase in demand from textile industry.
Market Scope | |
---|---|
Base Year | 2025 |
End Year | 2029 |
Series Year | 2025-2029 |
Growth Momentum | Accelerate |
YOY 2025 | 7.7% |
CAGR | 8.5% |
Incremental Value | $24,768 mn |
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.
Technavio's polyethylene terephthalate market is segmented as below:
By Product
By Type
By End-user
By Geographical Landscape
This study identifies the increase in use of bio-based pet products as one of the prime reasons driving the polyethylene terephthalate market growth during the next few years. Also, shift toward flexible packaging and growing beverage consumption in bric markets will lead to sizable demand in the market.
The report on the polyethylene terephthalate market covers the following areas:
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading polyethylene terephthalate market vendors that include Alpek SAB de CV, BASF SE, Covestro AG, Dhunseri Tea and Industries Ltd., DSM-Firmenich AG, DuPont de Nemours Inc., Eastman Chemical Co., EasyPak LLC, Far Eastern New Century Corp., Formosa Plastics Corp., Indorama Ventures Public Co. Ltd., Jiangsu Sanfangxiang Group Co. Ltd., Lanxess AG, Mitsubishi Chemical Corp., NEO GROUP UAB, Plastipak Holdings Inc., Reliance Industries Ltd., Saudi Arabian Oil Co., Toray Industries Inc., and Verdeco Recycling Inc.. Also, the polyethylene terephthalate market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
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