North America Polyethylene Terephthalate (PET) Market Size, Share & Trends Analysis Report By Type (Virgin and Recycled), By Application (Packaging, Automotive, Construction, Medical, and Others), By Country and Growth Forecast, 2023

Description

List of Tables

The North America Polyethylene Terephthalate (PET) Market would witness market growth of 5.5% CAGR during the forecast period (2023-2030). In the year 2019, the North America market's volume surged to 4,539.0 Kilo Tonnes, showcasing a growth of 2.8% (2019-2022).

In the market, the term "virgin" refers to PET resin that is derived from raw materials, typically purified terephthalic acid (PTA) and monoethylene glycol (MEG), without being previously used or recycled. Virgin PET is prized for its purity, consistency, and high-quality properties, making it a preferred choice for a wide range of applications, particularly in food and beverage packaging where stringent safety and hygiene standards must be met. Therefore, the US Market consumed 2,624.5 Kilo Tonnes virgin in 2022.

The US market dominated the North America Polyethylene Terephthalate (PET) Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $8,012.9 Million by 2030. The Canada market is experiencing a CAGR of 7.7% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 6.9% during (2023 - 2030).

The adoption of circular economy practices is gaining momentum in the market. Initiatives promoting PET recycling, closed-loop systems, and using recycled PET (rPET) in new products are integral to industry strategies to reduce waste and enhance resource efficiency. Mechanical recycling, a traditional yet crucial method, involves separating collected PET products into smaller particles that can be melted and reprocessed into new PET materials. This method is widely adopted and contributes significantly to reducing PET waste.

Furthermore, innovations in recycling technologies are reshaping the PET landscape. Advanced recycling methods, including chemical recycling and depolymerization, hold promise in achieving higher levels of PET recycling, mitigating concerns about the limitations of traditional mechanical recycling processes. With the increasing integration of technology into various industries, smart packaging solutions are emerging as a trend in the market. This includes incorporating RFID tags, QR codes, and other technologies to enhance traceability, authentication, and consumer engagement.

As per the article titled New Motor Vehicle Registrations, third quarter 2022, released by Statistics Canada, overall, 34,313 new zero-emission vehicles (ZEVs) were registered in the third quarter of 2022, comprising 8.7% of total new motor vehicle registrations. The number of new ZEVs registered continued to increase, up 43.2% year over year. Continuing the trend over the last four years, battery electric vehicles (BEVs) made up the largest share of new ZEV registrations, representing 85.6% of new ZEVs registered in the third quarter. Plug-in hybrid electric vehicles (PHEVs) comprised 14.4% of new ZEV registrations. Year over year, BEVs (+85.4%) experienced the largest percentage increase among all fuel types. Thus, rising automotive sector in North America will boost the demand for PET in the upcoming years.

Based on Type, the market is segmented into Virgin and Recycled. Based on Application, the market is segmented into Packaging, Automotive, Construction, Medical, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.

List of Key Companies Profiled

Lanxess AG
LOTTE Chemical Corporation (LOTTE Corp.)
DuPont de Nemours, Inc.
LyondellBasell Industries Holdings B.V.
BASF SE
Indorama Ventures Public Company Limited (Indorama Resources Ltd.)
RTP Company, Inc.
SABIC (Saudi Arabian Oil Company)
Nan Ya Plastics Corp. (NPC)
Koninklijke DSM N.V.

North America Polyethylene Terephthalate (PET) Market Report Segmentation

By Type (Volume, kilo Tonnes, USD Billion, 2019-2030)

Virgin
Recycled

By Application (Volume, kilo Tonnes, USD Billion, 2019-2030)

Packaging
Automotive
Construction
Medical
Others

By Country (Volume, kilo Tonnes, USD Billion, 2019-2030)

US
Canada
Mexico
Rest of North America

Chapter 1.Market Scope & Methodology

1.1Market Definition
1.2Objectives
1.3Market Scope
1.4Segmentation
- 1.4.1North America Polyethylene Terephthalate (PET) Market, by Type
- 1.4.2North America Polyethylene Terephthalate (PET) Market, by Application
- 1.4.3North America Polyethylene Terephthalate (PET) Market, by Country
1.5Methodology for the research

Chapter 2.Market at a Glance

2.1Key Highlights

Chapter 3.Market Overview

3.1Introduction
- 3.1.1Overview
  - 3.1.1.1Market Composition and Scenario
3.2Key Factors Impacting the Market
- 3.2.1Market Drivers
- 3.2.2Market Restraints
- 3.2.3Market Opportunities
- 3.2.4Market Challenges
3.3Porter's Five Forces Analysis

Chapter 4.North America Polyethylene Terephthalate (PET) Market by Type

4.1North America Virgin Market by Country
4.2North America Recycled Market by Country

Chapter 5.North America Polyethylene Terephthalate (PET) Market by Application

5.1North America Packaging Market by Country
5.2North America Automotive Market by Country
5.3North America Construction Market by Country
5.4North America Medical Market by Country
5.5North America Others Market by Country

Chapter 6.North America Polyethylene Terephthalate (PET) Market by Country

6.1US Polyethylene Terephthalate (PET) Market
- 6.1.1US Polyethylene Terephthalate (PET) Market by Type
- 6.1.2US Polyethylene Terephthalate (PET) Market by Application
6.2Canada Polyethylene Terephthalate (PET) Market
- 6.2.1Canada Polyethylene Terephthalate (PET) Market by Type
- 6.2.2Canada Polyethylene Terephthalate (PET) Market by Application
6.3Mexico Polyethylene Terephthalate (PET) Market
- 6.3.1Mexico Polyethylene Terephthalate (PET) Market by Type
- 6.3.2Mexico Polyethylene Terephthalate (PET) Market by Application
6.4Rest of North America Polyethylene Terephthalate (PET) Market
- 6.4.1Rest of North America Polyethylene Terephthalate (PET) Market by Type
- 6.4.2Rest of North America Polyethylene Terephthalate (PET) Market by Application

Chapter 7.Company Profiles

7.1Lanxess AG
- 7.1.1Company Overview
- 7.1.2Financial Analysis
- 7.1.3Segmental and Regional Analysis
- 7.1.4Research & Development Expenses
- 7.1.5Recent strategies and developments:
  - 7.1.5.1Acquisition and Mergers:
- 7.1.6SWOT Analysis
7.2LOTTE Chemical Corporation (LOTTE Corp.)
- 7.2.1Company Overview
- 7.2.2Financial Analysis
- 7.2.3Segmental and Regional Analysis
- 7.2.4Research & Development Expenses
7.3DuPont de Nemours, Inc.
- 7.3.1Company Overview
- 7.3.2Financial Analysis
- 7.3.3Segmental and Regional Analysis
- 7.3.4Research & Development Expense
- 7.3.5SWOT Analysis
7.4LyondellBasell Industries Holdings B.V.
- 7.4.1Company Overview
- 7.4.2Financial Analysis
- 7.4.3Segmental and Regional Analysis
- 7.4.4Research & Development Expenses
- 7.4.5Recent strategies and developments:
  - 7.4.5.1Product Launches and Product Expansions:
- 7.4.6SWOT Analysis
7.5BASF SE
- 7.5.1Company Overview
- 7.5.2Financial Analysis
- 7.5.3Segmental and Regional Analysis
- 7.5.4Research & Development Expense
- 7.5.5SWOT Analysis
7.6Indorama Ventures Public Company Limited (Indorama Resources Ltd.)
- 7.6.1Company Overview
- 7.6.2Financial Analysis
- 7.6.3Recent strategies and developments:
  - 7.6.3.1Geographical Expansions:
- 7.6.4SWOT Analysis
7.7RTP Company, Inc.
- 7.7.1Company Overview
- 7.7.2SWOT Analysis
7.8SABIC (Saudi Arabian Oil Company)
- 7.8.1Company Overview
- 7.8.2Financial Analysis
- 7.8.3Segmental and Regional Analysis
- 7.8.4Recent strategies and developments:
  - 7.8.4.1Product Launches and Product Expansions:
- 7.8.5SWOT Analysis
7.9Nan Ya Plastics Corp. (NPC)
- 7.9.1Company Overview
- 7.9.2Financial Analysis
- 7.9.3Segmental and Regional Analysis
- 7.9.4SWOT Analysis
7.10.Koninklijke DSM N.V.
- 7.10.1Company Overview
- 7.10.2Financial Analysis
- 7.10.3Segmental and Regional Analysis
- 7.10.4Research & Development Expense
- 7.10.5SWOT Analysis

LIST OF TABLES

TABLE 1North America Polyethylene Terephthalate (PET) Market, 2019 - 2022, USD Million
TABLE 2North America Polyethylene Terephthalate (PET) Market, 2023 - 2030, USD Million
TABLE 3North America Polyethylene Terephthalate (PET) Market, 2019 - 2022, Kilo Tonnes
TABLE 4North America Polyethylene Terephthalate (PET) Market, 2023 - 2030, Kilo Tonnes
TABLE 5North America Polyethylene Terephthalate (PET) Market by Type, 2019 - 2022, USD Million
TABLE 6North America Polyethylene Terephthalate (PET) Market by Type, 2023 - 2030, USD Million
TABLE 7North America Polyethylene Terephthalate (PET) Market by Type, 2019 - 2022, Kilo Tonnes
TABLE 8North America Polyethylene Terephthalate (PET) Market by Type, 2023 - 2030, Kilo Tonnes
TABLE 9North America Virgin Market by Country, 2019 - 2022, USD Million
TABLE 10North America Virgin Market by Country, 2023 - 2030, USD Million
TABLE 11North America Virgin Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 12North America Virgin Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 13North America Recycled Market by Country, 2019 - 2022, USD Million
TABLE 14North America Recycled Market by Country, 2023 - 2030, USD Million
TABLE 15North America Recycled Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 16North America Recycled Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 17North America Polyethylene Terephthalate (PET) Market by Application, 2019 - 2022, USD Million
TABLE 18North America Polyethylene Terephthalate (PET) Market by Application, 2023 - 2030, USD Million
TABLE 19North America Polyethylene Terephthalate (PET) Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 20North America Polyethylene Terephthalate (PET) Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 21North America Packaging Market by Country, 2019 - 2022, USD Million
TABLE 22North America Packaging Market by Country, 2023 - 2030, USD Million
TABLE 23North America Packaging Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 24North America Packaging Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 25North America Automotive Market by Country, 2019 - 2022, USD Million
TABLE 26North America Automotive Market by Country, 2023 - 2030, USD Million
TABLE 27North America Automotive Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 28North America Automotive Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 29North America Construction Market by Country, 2019 - 2022, USD Million
TABLE 30North America Construction Market by Country, 2023 - 2030, USD Million
TABLE 31North America Construction Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 32North America Construction Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 33North America Medical Market by Country, 2019 - 2022, USD Million
TABLE 34North America Medical Market by Country, 2023 - 2030, USD Million
TABLE 35North America Medical Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 36North America Medical Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 37North America Others Market by Country, 2019 - 2022, USD Million
TABLE 38North America Others Market by Country, 2023 - 2030, USD Million
TABLE 39North America Others Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 40North America Others Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 41North America Polyethylene Terephthalate (PET) Market by Country, 2019 - 2022, USD Million
TABLE 42North America Polyethylene Terephthalate (PET) Market by Country, 2023 - 2030, USD Million
TABLE 43North America Polyethylene Terephthalate (PET) Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 44North America Polyethylene Terephthalate (PET) Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 45US Polyethylene Terephthalate (PET) Market, 2019 - 2022, USD Million
TABLE 46US Polyethylene Terephthalate (PET) Market, 2023 - 2030, USD Million
TABLE 47US Polyethylene Terephthalate (PET) Market, 2019 - 2022, Kilo Tonnes
TABLE 48US Polyethylene Terephthalate (PET) Market, 2023 - 2030, Kilo Tonnes
TABLE 49US Polyethylene Terephthalate (PET) Market by Type, 2019 - 2022, USD Million
TABLE 50US Polyethylene Terephthalate (PET) Market by Type, 2023 - 2030, USD Million
TABLE 51US Polyethylene Terephthalate (PET) Market by Type, 2019 - 2022, Kilo Tonnes
TABLE 52US Polyethylene Terephthalate (PET) Market by Type, 2023 - 2030, Kilo Tonnes
TABLE 53US Polyethylene Terephthalate (PET) Market by Application, 2019 - 2022, USD Million
TABLE 54US Polyethylene Terephthalate (PET) Market by Application, 2023 - 2030, USD Million
TABLE 55US Polyethylene Terephthalate (PET) Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 56US Polyethylene Terephthalate (PET) Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 57Canada Polyethylene Terephthalate (PET) Market, 2019 - 2022, USD Million
TABLE 58Canada Polyethylene Terephthalate (PET) Market, 2023 - 2030, USD Million
TABLE 59Canada Polyethylene Terephthalate (PET) Market, 2019 - 2022, Kilo Tonnes
TABLE 60Canada Polyethylene Terephthalate (PET) Market, 2023 - 2030, Kilo Tonnes
TABLE 61Canada Polyethylene Terephthalate (PET) Market by Type, 2019 - 2022, USD Million
TABLE 62Canada Polyethylene Terephthalate (PET) Market by Type, 2023 - 2030, USD Million
TABLE 63Canada Polyethylene Terephthalate (PET) Market by Type, 2019 - 2022, Kilo Tonnes
TABLE 64Canada Polyethylene Terephthalate (PET) Market by Type, 2023 - 2030, Kilo Tonnes
TABLE 65Canada Polyethylene Terephthalate (PET) Market by Application, 2019 - 2022, USD Million
TABLE 66Canada Polyethylene Terephthalate (PET) Market by Application, 2023 - 2030, USD Million
TABLE 67Canada Polyethylene Terephthalate (PET) Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 68Canada Polyethylene Terephthalate (PET) Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 69Mexico Polyethylene Terephthalate (PET) Market, 2019 - 2022, USD Million
TABLE 70Mexico Polyethylene Terephthalate (PET) Market, 2023 - 2030, USD Million
TABLE 71Mexico Polyethylene Terephthalate (PET) Market, 2019 - 2022, Kilo Tonnes
TABLE 72Mexico Polyethylene Terephthalate (PET) Market, 2023 - 2030, Kilo Tonnes
TABLE 73Mexico Polyethylene Terephthalate (PET) Market by Type, 2019 - 2022, USD Million
TABLE 74Mexico Polyethylene Terephthalate (PET) Market by Type, 2023 - 2030, USD Million
TABLE 75Mexico Polyethylene Terephthalate (PET) Market by Type, 2019 - 2022, Kilo Tonnes
TABLE 76Mexico Polyethylene Terephthalate (PET) Market by Type, 2023 - 2030, Kilo Tonnes
TABLE 77Mexico Polyethylene Terephthalate (PET) Market by Application, 2019 - 2022, USD Million
TABLE 78Mexico Polyethylene Terephthalate (PET) Market by Application, 2023 - 2030, USD Million
TABLE 79Mexico Polyethylene Terephthalate (PET) Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 80Mexico Polyethylene Terephthalate (PET) Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 81Rest of North America Polyethylene Terephthalate (PET) Market, 2019 - 2022, USD Million
TABLE 82Rest of North America Polyethylene Terephthalate (PET) Market, 2023 - 2030, USD Million
TABLE 83Rest of North America Polyethylene Terephthalate (PET) Market, 2019 - 2022, Kilo Tonnes
TABLE 84Rest of North America Polyethylene Terephthalate (PET) Market, 2023 - 2030, Kilo Tonnes
TABLE 85Rest of North America Polyethylene Terephthalate (PET) Market by Type, 2019 - 2022, USD Million
TABLE 86Rest of North America Polyethylene Terephthalate (PET) Market by Type, 2023 - 2030, USD Million
TABLE 87Rest of North America Polyethylene Terephthalate (PET) Market by Type, 2019 - 2022, Kilo Tonnes
TABLE 88Rest of North America Polyethylene Terephthalate (PET) Market by Type, 2023 - 2030, Kilo Tonnes
TABLE 89Rest of North America Polyethylene Terephthalate (PET) Market by Application, 2019 - 2022, USD Million
TABLE 90Rest of North America Polyethylene Terephthalate (PET) Market by Application, 2023 - 2030, USD Million
TABLE 91Rest of North America Polyethylene Terephthalate (PET) Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 92Rest of North America Polyethylene Terephthalate (PET) Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 93Key Information - Lanxess AG
TABLE 94Key Information - Lotte Chemical Corporation
TABLE 95Key Information -DuPont de Nemours, Inc.
TABLE 96Key Information - LyondellBasell Industries Holdings B.V.
TABLE 97Key Information - BASF SE
TABLE 98Key Information - Indorama Ventures Public Company Limited
TABLE 99Key Information - RTP Company, Inc.
TABLE 100Key Information - SABIC
TABLE 101Key Information - Nan Ya Plastics Corp. (NPC)
TABLE 102Key Information - Koninklijke DSM N.V.

North America Polyethylene Terephthalate (PET) Market Size, Share & Trends Analysis Report By Type (Virgin and Recycled), By Application (Packaging, Automotive, Construction, Medical, and Others), By Country and Growth Forecast, 2023 - 2030