Polyethylene Terephthalate Global Market Report 2022: Market Size, Trends, And Forecast To 2026

The Business Research Company’s Polyethylene Terephthalate Global Market Report 2022: Market Size, Trends, And Forecast To 2026

LONDON, GREATER LONDON, UK, July 6, 2022 /EINPresswire.com/ -- According to ‘Polyethylene Terephthalate Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026’ published by The Business Research Company, the polyethylene terephthalate market size is expected to grow from $35.47 billion in 2021 to $39.23 billion in 2022 at a compound annual growth rate (CAGR) of 10.6%. The global PET market size is expected to grow to $57.19 billion in 2026 at a CAGR of 9.9%. The increasing demand for polyethylene terephthalate in food and beverages packaging such as carbonated soft drinks packaging contributed to the growth of the polyethylene terephthalate market.

Want to learn more on the polyethylene terephthalate market growth? Request for a Sample now:
https://www.thebusinessresearchcompany.com/sample.aspx?id=2703&type=smp

The polyethylene terephthalate market consists of sales of polyethylene terephthalate and related services. It is widely used in various applications such as automotive, food and beverage packaging, and electronics. Polyethylene terephthalate is a high gloss, crack-resistant transparent plastic. They are general purpose thermoplastic polymers produced by the reaction of mono ethylene glycol (MEG) and purified terephthalic acid (PTA) and are known for their excellent combination of mechanical, thermal, chemical, and dimensional stability.

Global Polyethylene Terephthalate Market Trends
Major companies are increasingly manufacturing bio-based PET using partially recyclable materials. Bio-based PET is lightweight, recyclable, biodegradable, and reusable bioplastic material derived from biomass. It consists of 30% of plant-derived ethanol glycol and 70% terephthalic acid derived from fossils. This is also used for the packaging of soft drinks, alcoholic beverages, food products, cosmetics, pharmaceutical products, and edible oils. The desire to use environmentally friendly products and stringent regulations have encouraged the use of bio-friendly products in industries and have resulted in the increased demand for bio-based PET.

Global Polyethylene Terephthalate Market Segments
The global polyethylene terephthalate market is segmented:
By Product Type: Virgin, Recycle
By Application: Beverages, Sheets and Films, Consumer Goods, Food Packaging, Others (Cosmetic Bottles and Household Products)
By End-User Industry: Packaging, Electrical and Electronics, Automotive, Construction, Others (Material Handling and Strapping)
By Geography: The global polyethylene terephthalate market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia-Pacific accounts for the largest share.

Read more on the global polyethylene terephthalate market report at:
https://www.thebusinessresearchcompany.com/report/polyethylene-terephthalate-global-market-report

Polyethylene Terephthalate Global Market Report 2022 is one of a series of new reports from The Business Research Company that provides polyethylene terephthalate market outlook, polyethylene terephthalate market analysis and forecasts market size and growth for the global polyethylene terephthalate market, polyethylene terephthalate market share, polyethylene terephthalate market segments and geographies, polyethylene terephthalate market players, polyethylene terephthalate market leading competitor revenues, profiles and market shares. The polyethylene terephthalate industry report identifies top countries and segments for opportunities and strategies based on market trends and key competitors’ approaches.

TBRC’s Polyethylene Terephthalate Global Market Report 2022 includes information on the following:

Data Segmentations: Market Size, Global, By Region and Country, Historic and Forecast, and Growth Rates for 60 Geographies

Key Market Players: Far Eastern New Century Corporation, Hengli Group Co. Ltd, Indorama Ventures Public Company Limited, JBF Industries Ltd, Jiangsu Sanfangxiang Group, Lotte Chemical Corporation, Octal, Reliance Industries Ltd, Saudi Basic Industries Corporation (SABIC), and Sinopec Group.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

And so much more.

Looking for something else? Here is a list of similar reports by The Business Research Company:

Paper Products Global Market Report 2022
https://www.thebusinessresearchcompany.com/report/paper-products-global-market-report

Converted Paper Products Global Market Report 2022
https://www.thebusinessresearchcompany.com/report/converted-paper-products-global-market-report

Eco-Friendly Food Packaging Global Market Report 2022
https://www.thebusinessresearchcompany.com/report/eco-friendly-food-packaging-global-market-report

About The Business Research Company?
The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets.

Call us now for personal assistance with your purchase:
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293

The Business Research Company
Email: info@tbrc.info
Follow us on LinkedIn: https://bit.ly/3b7850r
Follow us on Twitter: https://bit.ly/3b1rmjS
Check out our Blog: http://blog.tbrc.info/

Oliver Guirdham
The Business Research Company
+44 20 7193 0708
info@tbrc.info
Visit us on social media:
Facebook
Twitter
LinkedIn

Market Research Products, Services, Solutions For Your Business - TBRC

Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.