Polyethylene Terephthalate Market Size, Share, Growth, Trend Analysis and Industry Outlook Report, 2019 to 2025
The global polyethylene terephthalate market size was valued at USD 25.25 billion in 2018. It is anticipated to register a CAGR of 5.6% over the forecast period. Polyethylene terephthalate, commonly known as PET or PETE, is a non-toxic, lightweight, safe, and flexible material, which can be recycled and reused efficiently.
(firmenpresse) - The global polyethylene terephthalate market size is anticipated to reach USD 47.46 billion by 2025 and register a CAGR of 5.6% over the forecast period, according to a new report by Grand View Research, Inc. Polyethylene terephthalate is produced by the polymerization of ethylene glycol and terephthalic acid. Features such as increased strength and flexibility, lightweight, and non-toxic nature have made the material a preferred choice for packaging. PET finds wide uses in applications such as beverage packaging, consumer goods, and food packaging as it can efficiently be reused after recycling.
The globally increasing demand for efficient and eco-friendly packaging solutions coupled with the rising consumption of packaged & processed food has resulted in an increased demand for PET in food packaging applications. Moreover, the shifting trend of consumers toward the use of recyclable containers for food packaging is further boosting the demand for PET. Various other properties offered by the material also make it ideal for use in films and sheets, which are highly demanded by the medical packaging industry.
Various advancements are being made in PET to efficiently meet the needs of consumers and brand owners, which include enhanced food safety, improved sustainability, and reduced cost. Manufacturers of PET are focusing on product innovations and expansion of their production capacity to cater to the growing demand for sustainable and bio-based PET. This is one of the key drivers expected to propel the PET market growth over the forecast period.
Further key findings from the report suggest:
& sheets segment accounted for a market share of 12.89% in 2018 and is projected to register a CAGR of 5.6% over the forecast period
&G Chemicals, SABIC, Arkema, Evonik Industries, and The Sherwin-Williams Company.
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plastic
plastics
plastics-industry
plastics-market
polyethylene
polyethylene-terephthalate
polyethylene-terephthalate-industry
polyethylene-terephthalate-market
Unternehmensinformation / Kurzprofil:
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
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Email: sales(at)grandviewresearch.com
For More Information: www.grandviewresearch.com
Datum: 29.10.2019 - 08:48 Uhr
Sprache: Deutsch
News-ID 1553455
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