Global PET Resin Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Product Type (Sheets, Films, Pipes, Foam, Fiber), By Application (Bottles And Jars, Packaging, Tape, Others) And Geography - Forecasts From 2019 To 2024
- Published : Mar 2021
- Report Code : KSI061612532
- Pages : 108
The global PET resin market was valued at US$30.295 billion in 2018 and 22.521 million tonnes by volume. PET (Polyethylene Terephthalate) is a clear, strong, lightweight plastic that is widely used for packaging food and beverages. It is most commonly used to package bottled water and carbonated drinks. The demand for PET resin is majorly driven by the food and beverage packaging sector as it is the most commonly used plastic due to its clarity and good barrier protection provided by the material. The good growth of the packaging industry due to the rising disposable income of the population is playing an important role in the increased demand for PET resin. Also, the growing demand for bottled water across the globe is accelerating the PET resin market growth. Moreover, the resin is increasingly being utilized to form films, sheets, and foam that are extensively used across end-user industries such as food and beverage, pharmaceutical, automotive, and electrical and electronics. With manufacturers expanding their PET plants in order to meet growing demand and this coupled with constant innovation in producing sustainable or bio-based PET is expected to augment the market growth over the forecast period.
o Burgeoning usage of PET products across the industries
o Good growth of food and beverage industry
o Availability of substitutes
• INDUSTRY UPDATE
o In September 2018, Indorama Ventures Public Company Limited and Loop Industries, Inc. announced a joint venture to manufacture and commercialize sustainable PET resin to meet the growth of beverage and consumer packed goods companies.
o In July 2018, NEO GROUP, a Leading European resin producer, added a 160,000 tpa line at its Baltic plant in Lithuania in order to address the growing demand for PET across the region.
The major players profiled in the global PET resin market include DAK Americas, Indorama Ventures Public Company Limited, M&G Chemicals, Sanfangxiang Group Co., Ltd., TEIJIN LIMITED, SABIC, NEO GROUP, DuPont de Nemours, Inc., TORAY INDUSTRIES, INC., SCG Chemicals Co., Ltd., LOTTE Chemical Corporation, and Toyota Tsusho Corporation among others.
The global PET resin market has been analyzed through the following segments:
• By Product Type
• By Application
o Bottles and Jars
? Food and Beverage
? Consumer Goods
• By Geography
o North America
o South America
? United Kingdom
o Middle East and Africa
? Saudi Arabia
o Asia Pacific
1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Study
1.6. Base, and Forecast Years Timeline
2. RESEARCH METHODOLOGY
2.1. Research Design
2.2. Secondary Sources
3. KEY FINDINGS
4. MARKET DYNAMICS
4.1. Market Segmentation
4.2. Market Drivers
4.3. Market Restraints
4.4. Market Opportunities
4.5. Porter’s Five Forces Analysis
4.5.1. Bargaining Power of Suppliers
4.5.2. Bargaining Power of Buyers
4.5.3. Threat of New Entrants
4.5.4. Threat of Substitutes
4.5.5. Competitive Rivalry in the Industry
4.6. Life Cycle Analysis - Regional Snapshot
4.7. Market Attractiveness
5. GLOBAL PET RESIN MARKET BY PRODUCT TYPE
6. GLOBAL PET RESIN MARKET BY APPLICATION
6.1. Bottles and Jars
6.2.1. Food and Beverage
6.2.2. Consumer Goods
7. GLOBAL PET RESIN MARKET BY GEOGRAPHY
7.1. North America
7.2. South America
7.3.3. United Kingdom
7.4. Middle East and Africa
7.4.1. Saudi Arabia
7.5. Asia Pacific
8. COMPETITIVE INTELLIGENCE
8.1. Competitive Benchmarking and Analysis
8.2. Recent Investments and Deals
8.3. Strategies of Key Players
9. COMPANY PROFILES
9.1. DAK Americas
9.2. Indorama Ventures Public Company Limited
9.3. M&G Chemicals
9.4. Sanfangxiang Group Co., Ltd.
9.5. TEIJIN LIMITED
9.7. NEO GROUP
9.8. DuPont de Nemours, Inc.
9.9. TORAY INDUSTRIES, INC.
9.10. SCG Chemicals Co., Ltd.
9.11. LOTTE Chemical Corporation
9.12. Toyota Tsusho Corporation
LIST OF FIGURES
LIST OF TABLES
Indorama Ventures Public Company Limited
Sanfangxiang Group Co., Ltd.
DuPont de Nemours, Inc.
TORAY INDUSTRIES, INC.
SCG Chemicals Co., Ltd.
LOTTE Chemical Corporation
Toyota Tsusho Corporation
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