PUBLISHER: Polaris Market Research | PRODUCT CODE: 1132335
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1132335
The global amorphous polyethylene terephthalate market size is expected to reach USD 77.71 billion by 2030, according to a new study by Polaris Market Research. The report "Amorphous Polyethylene Terephthalate Market Share, Size, Trends, Industry Analysis Report, by Application (Food Packaging, Bottles, Films and Sheets, Others); by End-User; By Region; Segment Forecast, 2022 - 2030" gives a detailed insight into current market dynamics and provides analysis on future market growth.
Amorphous polyethylene terephthalate offers properties such high strength, low weight, clarity, impact resistance, and high barrier properties. The demand for the industry has also increased on account of its affordability and recyclability. It is widely used in packaging solutions across diverse industries such as food & beverage, automotive, pharmaceuticals, and others.
Greater application of amorphous polyethylene terephthalate in production of bottles for mineral water and carbonated drinks, rise in urbanization, and growth in population drives the industry. Inclination toward use of sustainable solutions further boosts the adoption of the industry across the globe.
Rise in demand from emerging economies and implementation of new recycling techniques are expected to contribute to the factors expected to contribute to the industry growth in the coming years.
They are used in diverse industries such as automotive, consumer goods, food and beverage, industrial, and others. The demand from the food and beverage sector is expected to be high during the forecast period. Rise in environmental consciousness, and introduction of government initiatives to reduce harmful environmental effects associated with plastic has encouraged greater use of amorphous polyethylene terephthalate.
Asia Pacific accounted for a greater share of the global market in 2021 and is expected to maintain its dominance over the forecast period. Rise in urbanization, industrialization, and growth in the food and beverage sector boosts the growth of the industry in Asia Pacific.
Increasing adoption of sustainable packaging solutions, and growth in environmental awareness further increases the demand of the industry in Asia Pacific. Economic growth, strengthening pharmaceutical sector, and demand for packaging from the FMCG sector fuels growth in this region. Several global players are entering the developing nations in this region to leverage availability of resources and workforce.
Amorphous polyethylene terephthalate (APET) Market Report Highlights
Bottles accounted for the largest revenue share on account of wide use in packaging of carbonated soft drinks and mineral water
The food & beverages segment is the largest segment owing to the rising use of amorphous polyethylene terephthalate in packaging of food products, and higher use of e-commerce platforms
Asia Pacific region is expected to dominate the market during the forecast period on account of the increasing urbanization and industrialization countries such as India, China, and Japan
The global amorphous polyethylene terephthalate market is highly competitive owing to the existence of large market players with a global presence including Invista, JBFIndustries Ltd., Jiangsu Sanfangxiang Group Co. Ltd., Lotte Chemical Corporation, and M&G Chemicals SA among others
Polaris Market Research has segmented the amorphous polyethylene terephthalate (APET) market report based on application, end-use, and region:
Amorphous Polyethylene Terephthalate, Application Outlook (Revenue - USD Billion, 2018 - 2030)
Food Packaging
Bottles
Films and sheets
Others
Amorphous Polyethylene Terephthalate, End-Use Outlook (Revenue - USD Billion, 2018 - 2030)
Food & Beverage
Automotive
Pharmaceuticals
Others
Amorphous Polyethylene Terephthalate, Regional Outlook (Revenue - USD Billion, 2018 - 2030)
North America
U.S
Canada
Europe
Germany
UK
France
Italy
Spain
Russia
Netherlands
Asia Pacific
China
India
Japan
South Korea
Indonesia
Malaysia
Latin America
Argentina
Brazil
Mexico
Middle East & Africa
UAE
Saudi Arabia
Israel
South Africa
Figure 1 Global Amorphous Polyethylene Terephthalate Market, 2018 - 2030 (USD Billion)
Figure 2 Integrated Ecosystem
Figure 3 Research Methodology: Top-Down & Bottom-Up Approach
Figure 4 Market by Geography
Figure 5 Porter's Five Forces
Figure 6 Market by End-Use
Figure 7 Global Amorphous Polyethylene Terephthalate Market, by End-Use, 2021 & 2030 (USD Billion)
Figure 8 Market by Application
Figure 9 Global Amorphous Polyethylene Terephthalate Market, by Application, 2021 & 2030 (USD Billion)
Figure 10 Amorphous Polyethylene Terephthalate Market Assessment, By Geography, 2018 - 2030 (USD Billion)
Figure 11 Strategic Analysis - Amorphous Polyethylene Terephthalate Market