Online Education is fastest growing segment fueling the growth of Polyethylene Terephthalate (PET) market

Lucy Kart

Online Education is fastest growing segment fueling the growth of Polyethylene Terephthalate (PET) market

The global Polyethylene Terephthalate (PET) Market is estimated to be valued at US$ 46.46 Bn in 2023 and is expected to exhibit a CAGR of 6.7% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:

Polyethylene terephthalate (PET) is a thermoplastic polymer resin of the polyester family that is clear, strong, and versatile. It is widely used for food and drink containers such as plastic bottles and packaging thanks to its durability and shatterproof qualities.

Market key trends:

One of the major trends driving the growth of the PET market is the rising popularity of online shopping and food delivery services. As online shopping and home delivery of groceries and food items increase globally, the use of PET bottles and food packaging made from PET films and sheets is growing substantially. Flexible PET materials are gaining preference over rigid packaging for online delivery applications owing to their lightweight and impact resistance properties.

Segment Analysis

The global PET market is segmented on the basis of type and application. By type, the market is segmented into bottle-grade PET, film-grade PET, and fiber-grade PET. The bottle-grade PET segment accounts for the largest share in the market. This is because PET exhibits properties like durability, lightweight, and flexibility which make it suitable for water and food & beverages packaging applications. By application, the market is segmented into bottles, films & sheets, food & beverage containers, non-food containers & products, and others. Bottles segment dominates the market owing to extensive usage of PET in bottles for packaging of carbonated soft drinks, water, juices, and other drinks.

Key Takeaways

Global Polyethylene Terephthalate (PET) Market Demand is expected to witness high growth, exhibiting CAGR of 6.7% over the forecast period, due to increasing demand from food & beverage industry for packaging bottles and containers.

Regional analysis - Asia Pacific dominates the global PET market and is expected to continue its dominance over the forecast period. This is attributed to large population, high disposable income, and growth of food & beverage industry in countries like China and India.

Key players - Key players operating in the PET market are Alpek S.A.B de C.V., RTP Company, BASF SE, The Dow Chemicals Company, Jiangsu Sanfangxiang Group, Indorama Ventures, M&G Chemicals, Nan Ya Plastics Corporation, Far Eastern New Century, and Quadrant AG. These key players are focusing on expansion of production facilities and new product launches to strengthen their market position.

Get More Insights on this Topic- https://www.dailyprbulletin.com/polyethylene-terephthalate-pet-market-growth-analysis-and-future-trends/

Lucy Kart

Polyethylene Terephthalate Market Presents Attractive Growth Opportunity for its Lightweight and Flexible Properties

Rajkumar cmi 2024-01-24

The global Polyethylene Terephthalate Market is estimated to be valued at US$ 53. 6% over the forecast period between 2024 to 2031, as highlighted in a new report published by Coherent Market Insights. Key Takeaways The global Polyethylene Terephthalate market size is expected to witness high growth over the forecast period driven by expanding packaging industry. The global Polyethylene Terephthalate Market is estimated to be valued at US$ 53. The region is forecast to maintain its lead, expanding at a CAGR of over 9% during the forecast period. Key players operating in the PET market are Medtro, Indorama Ventures, Far Eastern New Century, JBF Industries, and DAK Americas.

From Convenience to Controversy: Unpacking the Impact of PET Plastic Bottles

ashwini bakhade 2024-02-12

From the water bottles we carry around to the soda bottles we enjoy, plastic bottles made of PET (Polyethylene Terephthalate) are everywhere. In this article, we take an in-depth look at the rise of PET bottles and their impact. Some key facts about the rise of PET bottles- PET was first used for soft drink bottling in the 1970s and its use has increased steadily since then. - The popularity of single-use PET water bottles has grown dramatically with the trend of increased consumption of bottled water instead of tap water. - Greenhouse gas emissions - The production and transportation of billions of single-use PET bottles contributes significantly to carbon emissions worldwide.

Polyethylene Terephthalate (PET) Market Analysis: Growth Drivers and Challenges

Ashish Thapa 2023-08-01

The Polyethylene Terephthalate (PET) market analysis delves into the factors influencing its growth and the challenges it faces in the dynamic global market. One of the primary growth drivers for the Polyethylene Terephthalate (PET) Market is the increasing demand for sustainable packaging solutions. However, the Polyethylene Terephthalate (PET) Market also faces certain challenges. Furthermore, the Polyethylene Terephthalate (PET) Market faces competition from alternative materials in various industries. In conclusion, the PET market analysis highlights the growth drivers that fuel the industry's expansion, such as the demand for sustainable packaging solutions, growth in PET fibers, and advancements in recycling technology.

The Polyethylene Terephthalate (PET) Market Is Driven By Growing Demand For Recycled PET

Sneha 2024-03-07

The global polyethylene terephthalate (PET) market is estimated to be valued at US$ 53. Impact of geopolitical situation on the growth of Polyethylene Terephthalate (PET) Market:The current geopolitical instability across several regions is negatively impacting the PET market growth. Geographical regions where PET Market is concentrated in terms of value:The Asia Pacific region currently dominates the global PET market and accounts for the largest share of the total market value. Fastest growing region for the PET Market:The Middle East and Africa region is expected to witness the fastest expansion in the PET market during the forecast period. Get more insights on Polyethylene Terephthalate (PET) Market

Two Monomers Are Combined To Make Polyethylene Terephthalate (PET), The Most Common Polyester Resin

Pooja salve 2023-02-27

These fibers are highly durable and can be easily dyed, making them a popular choice for the production of clothing and other textile products. Another popular use of PET is in the production of packaging materials, such as blister packs, trays, and films. These materials are widely used in the food industry due to their ability to protect food products from contamination and maintain their freshness. It is used in everything from packaging to fabrics and films to moulded parts for cars and electronics. In addition to its properties, PET is also highly recyclable, which has made it a popular choice in the packaging industry.

Increasing Demand for Bottled Beverages Drives Growth in the Polyethylene Terephthalate (PET) Market

Anjali CMI 2023-09-26

The global Polyethylene Terephthalate (PET) Market is estimated to be valued at US$ 43. Additionally, the growing awareness regarding environmental sustainability and the recyclability of PET materials is further propelling market growth. B) Market Key Trends: One key trend in the PET market is the rising adoption of recycled PET (rPET) materials. rPET, produced from recycled PET bottles, offers similar properties to virgin PET while reducing the carbon footprint and promoting circular economy practices. Furthermore, the presence of major players in countries like China and India drives market growth in the region.

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The PET Bottles Market Set For Rapid Expansion Owing to Growing Beverage Industry

Leena Shedmake 2024-03-21

The Global PET Bottles Market is estimated to be valued at US$ 2. The demand for PET bottles from the beverage industry has increased substantially over the years owing to rising health awareness. COVID-19 Impact on PET Bottles Market Growth The outbreak of COVID-19 pandemic has significantly impacted the PET bottles market worldwide. Asia Pacific Region Dominates the PET Bottles Market The Asia Pacific region has accounted for the largest share of the global PET bottles market in terms of value. Increased health awareness, changing lifestyle preferences and expansion of retail networks across regions will continue propelling the market revenues of PET bottles Get more insights on PET Bottles Market

Crystalline Polyethylene Terephthalate Market Expected to Rise Steadily Throughout Forecast Period| MarketsandMarkets™

marketsandmarkets 2022-11-09

The report "Crystalline Polyethylene Terephthalate Market by Applications (Food Packaging and Beverage Packaging); & by Region (Asia-Pacific, Europe, North America, and Rest of the World) - Global Trends & Forecasts to 2020", The crystalline polyethylene terephthalate (Crystalline PET) market is projected to reach USD 12. id=170022064 Food Packaging segment is expected to dominate crystalline PET market by 2020Crystalline PET in the food packaging industry is expected to contribute the maximum share in this market by 2020. Apart from food packaging, beverage packaging is other major application of crystalline PET. Asia-Pacific region to dominate Crystalline PET market during the forecast periodAsia-Pacific accounted for the largest share of the crystalline polyethylene terephthalate market in 2014, followed by Europe and North America. id=170022064 The key players operating in the global crystalline PET market are Bayer MaterialScience AG (Germany), La Seda De Barcelona (Spain), Petrotemex S.

Pet Food Market Overview 2024-2033 – Competitive Landscape and Strategies

saikiran TBRC 2024-03-12

Learn More On The Pet Food Market:https://www. The pet food market size is expected to see strong growth in the next few years. player-adopted strategies in the pet food market include investing in expanding manufacturing operations, enhancing product portfolio through strategic acquisitions and investing in r&d to develop new improved and premium products. The pet food manufacturing market's growth is aided by stable economic growth forecasted in many developed and developing countries. The pet food market report table of contents includes:1.

Food Delivery Services Market Increasing Demand with Leading Player, Comprehensive Analysis, Forecast 2030

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Polyethylene Terephthalate (PET) Market – Industry Trends and Forecast to 2026 Strong Application Scope, Size, Status, Analysis and Forecast

Sajjan Sing 2020-10-13

PET or polyethylene terephthalate is a tough thermoplastic resin which is used in production of many products such as canes, pouches, bottles, films & sheets and others.

They are colorless and are very lightweight in nature.

These plastics are considered as re- usable in nature because they don’t percolate any chemicals and are safe for the human as well.

These plastics are widely used in industries such as food and beverage, electronics, healthcare, consumer goods and others.polyethylene terephthalate (PET) market is set to witness substantial CAGR of 7.18% in the forecast period of 2019- 2026.

The report contains data of the base year 2018 and historic year 2017.

Rising demand for lightweight & packed food and increasing investments in R activities to produce less hazardous PET materials are the factor for the growth of this market.Get Sample PDF (including COVID19 Impact Analysis) of Market Report @ https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-polyethylene-terephthalate-pet-marketMarket Drivers and Restraints:Rising disposable income will accelerate the market growthGrowing food and beverage industry drives the market growthIncreasing demand for sustainable and recyclable material will also enhance the growth of this marketGrowing demand for frozen and processed food among population will also contribute as a factor for the growth of this marketStrict government norms and regulation associated with the usage of PET material will restrain the marketAvailability of substitute product in the market will also hinder the growth of the marketLess PET recycling rates due to high contamination will also hamper the market growth The major players covered in the Polyethylene Terephthalate (PET) MarketFew of the major competitors currently working in the global polyethylene terephthalate (PET) market are Alpek S.A.B.

Polyethylene Terephthalate Market Growth Opportunities By Regions, Types, Applications And Forecast To, 2028

Rani Mehta 2022-02-03

The global Polyethylene Terephthalate Market report offers a comprehensive assessment of the market for the forecast years. The key market players for the global Polyethylene Terephthalate market are listed below:DowDuPontDAK AmericasJiangsu SanfangxiangFENCCovestroIndorama VenturesNEOGROUPSABICM&G ChemicalsQuadrantOthersClick here to get a FREE Sample Copy of the Polyethylene Terephthalate Market Research Report @ https://www. com/contact/download-sample-32288The Global Polyethylene Terephthalate Market Report is equipped with market data from 2016 to 2026. COVID-19 Impact Analysis on Polyethylene Terephthalate MarketThe global pandemic COVID-19 has affected the Polyethylene Terephthalate market directly or indirectly. Directly Purchase the Complete Global Polyethylene Terephthalate Market Research Report @ https://www.

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Polyethylene Terephthalate Market Overview 2024-2033 – Competitive Landscape and Strategies

Uday Kiran 2024-03-02

Global Polyethylene Terephthalate Market Competitive Benchmarking33. Global Polyethylene Terephthalate Market Competitive Dashboard34. Key Mergers And Acquisitions In Polyethylene Terephthalate Market 35. AppendixTop Major Players :· Indorama Ventures Public Company Limited· Far Eastern New Century Corporation· Alpek S. V· Reliance Industries Limited· SABICContact Us:The Business Research CompanyEurope: +44 207 1930 708Asia: +91 88972 63534Americas: +1 315 623 0293Email: info@tbrc.

PET FOAM MARKET TO REACH A VALUE OF ~ US$ 360 MN BY 2027

Aarti Mule 2020-04-03

PET Foam Market: Key Highlights The global polyethylene terephthalate (PET) foam market was valued at ~ US$ 195 Mn in 2018, and is anticipated to expand at a CAGR of ~ 7% during the forecast period. They are used as ideal materials in recreational boats and racing boats, as they provide greater strength and rigidity at low weight. Request A Sample of PET Foam Market - https://www.transparencymarketresearch.com/sample/sample.php?flag=S_id=5357 Key Drivers of the PET Foam Market The global PET foam market is driven by factors such as rise in the demand for these foams in various applications; increase in usage of PET foams as alternatives for polystyrene, polyurethane, polymethacrylamide, and polyetherimide foams; and the environment-friendliness and reliability of these foams. It also offers excellent mechanical and anti-fatigue properties, stable chemical properties, and low water absorption. Low Density Foam to Offer Attractive Opportunities Based on grade, the low density foam segment accounted for a major share of the global polyethylene terephthalate foam market in 2018. These include aerospace, wind energy, marine, and sports & leisure.

PET Packaging Market Competitive landscape By 2023

Monica Nerkar 2018-08-30

Global PET Packaging Market: by Form (Amorphous PET, Crystalline PET), Pack type (Bottles & jars, Bags & pouches, Trays, Lids/Caps & closures, others), Packaging Type (Rigid, Flexible), End-use industry, and Region - Global Forecast to 2023Market ScenarioPET (polyethylene terephthalate) is a type of polyester, which can be shaped into plastic boxes and plastic jugs for packaging of refreshments and food, personal care items, and several other consumer products.

Flexible packaging offers extraordinary features when compared to rigid packagings, such as a smaller amount of packaging materials required, negligible solid waste, less shipping cost, and requires less storage space.

The use of flexible packaging is beneficial to value chain comprising manufacturers, retails, and consumers.

For manufacturers, this is useful in moderating energy intake, augmenting features, including shapes and graphics, and altered shelf life that acts as significant drivers for the market evolution.

The competition among manufacturers has recently intensified due to availability and introduction of innovative products in the market.

Furthermore, the competition among manufacturers has increased in terms of portfolio and pricing.

Polyethylene Terephthalate (PET) and Polybutylene Terephthalate (PBT) Resins: A Complete Report on Market Analysis, Trends, Growth, Scope, Forecast Till 2032

Shraddha 2023-06-26

The Polyethylene Terephthalate (PET) and Polybutylene Terephthalate (PBT) Resins Global Market Report 2023 evaluates polyethylene terephthalate (PET) and polybutylene terephthalate (PBT) resins market size, growth rate, drivers, trends, and major companies. id=7727&type=smp The global polyethylene terephthalate (PET) and polybutylene terephthalate (PBT) resins market size grew from $39. The polyethylene terephthalate (PET) and polybutylene terephthalate (PBT) resins market size is expected to grow to $63. Africa Polyethylene Terephthalate (PET) & Polybutylene Terephthalate (PBT) Resins Market 27. Key Mergers And Acquisitions In The Polyethylene Terephthalate (PET) & Polybutylene Terephthalate (PBT) Resins Market29.

Global Polyethylene Terephthalate (PET) Market Size, Manufacturers, Supply Chain, Sales Channel and Clients, 2020-2026

larry wilson 2020-09-10

Polyethylene Terephthalate (PET) market is segmented by region, by country, company, type, application and by sales channels.

Players, stakeholders, and other participants in the global Polyethylene Terephthalate (PET) market will be able to gain the upper hand as they use the report as a powerful resource.

The segmental analysis focuses on sales, revenue and forecast by region, by country, company, type, application and by sales channels for the period 2015-2026.Segment by Type, the Polyethylene Terephthalate (PET) market is segmented into:Fiber GradeBottle GradeFilm GradeDownload FREE Sample of this Report @ https://www.24chemicalresearch.com/download-sample/56758/global-polyethylene-terephthalate-2020-2026-533Segment by Application, the Polyethylene Terephthalate (PET) market is segmented into:For polyester FiberFor ContainerFilm ProductsOtherRegional and Country-level Analysis:North AmericaUnited StatesCanadaAsia-PacificChinaJapanSouth KoreaIndiaSoutheast AsiaAustraliaRest of Asia-PacificEuropeGermanyFranceU.K.ItalyRussiaNordic CountriesRest of EuropeLatin AmericaMexicoBrazilRest of Latin AmericaMiddle East & AfricaTurkeySaudi ArabiaUAERest of MEACompetitive Landscape and Polyethylene Terephthalate (PET) Market Share Analysis:Polyethylene Terephthalate (PET) market competitive landscape provides details and data information by companies.

The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2015-2020.

It also offers detailed analysis supported by reliable statistics on sale and revenue by players for the period 2015-2020.

Details included are company description, major business, Polyethylene Terephthalate (PET) product introduction, recent developments, Polyethylene Terephthalate (PET) sales by region, type, application and by sales channel.The major companies include:Indorama Ventures(TH)DAK Americas(US)M Chemicals(CA)Far Eastern New Century(TW)JBF(IN)OCTAL Petrochemicals(OM)Dhunseri Petrochem & Tea(IN)Lotte Chemical(KR)SABIC(SA)Nan Ya Plastics(TW)Petroquimica Suape(BR)KoKsan(TR)EIPET(EG)Selenis(PT)NEO GROUP(LT)Polief(RU)Zhejiang Hengyi(CN)Sinopec Yizheng Chemical Fibre(CN)Sanfangxiang Group(CN)Since CR Chemicals(CN)Rongsheng petrochemical(CN)Wankai New Materials(CN)Far Eastern Industry (CN)Zhenbang Fibre(CN)Get the Complete Report & TOC @ https://www.24chemicalresearch.com/reports/56758/global-polyethylene-terephthalate-2020-2026-533CONTACT US:North Main Road Koregaon Park, Pune, India - 411001.International: +1(646)-781-7170Asia: +91 9169162030Email: [email protected] Us On linkedin :- https://www.linkedin.com/company/24chemicalresearch/

Amorphous Polyethylene Terephthalate Market | Qualitative Insights on Application & Outlook by Share, Future Growth 2030

allen walter 2024-01-18

The Amorphous Polyethylene Terephthalate Market is estimated at US$ 62 billion in 2030 and is forecasted to increase rapidly at a CAGR of 7. Challenges and Future Outlook:Despite its impressive growth, the Amorphous Polyethylene Terephthalate market is not without challenges. Conclusion:The Amorphous Polyethylene Terephthalate market is undergoing a transformative phase, propelled by the global shift towards sustainability and technological innovations. About Market Research Future:Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis of diverse markets and consumers worldwide. com