Chemical Research Report Polyethylene Terephthalate Market

Polyethylene Terephthalate (PET)
- Size, Share, Outlook, and Opportunity
Analysis, 2018 - 2026
Polyethylene Terephthalate Market report categorizes global market by Product Type (Carbonated Soft Drink, Bottled
Water, Other Drinks, Sheets & Films, Food, Non-Food), Application, and Geography - Insights, Size, Share, Opportunity
Analysis, and Industry Forecast till 2025
Polyethylene terephthalate is the most common plastic resin of polyester made from the combination of two
monomers. Polyethylene terephthalate, also referred to as PET or PETE, is a remarkable cost and energy
efficient packaging material, which possesses properties of versatility, strength, and recyclability, thus being
used in various end-use industries such as packaging and textile. The polyethylene terephthalate market is
projected to boost an excellent sustainability during the forecast period (2017-2025). However, growing
environmental pollution from the chemical and petrochemical industries is expected to be one of the key
concerns for the PET market. Despite various environmental concerns of PET use, it is much favorable in
comparison to steel, aluminum, glass and other materials used for packaging, due to its high weight bearing
capacity and light weight, which in turn reduces the transportation cost by utilizing less space and weight.
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Technological advancement for developing lightweight, high strength and energy-
efficient PET bottles is expected to boost the market growth. For instance, in 2014, SIDEL
introduced a new ‘NEW RIGHTWEIGHT’, 0.5 liter bottle for still water, weighing 7.95
grams, yet offering a superior consumer experience and a top-load performance of 33
kilograms, without the need for nitrogen dosing, using standard 26/22 closures.
Polyethylene terephthalate can be recycled and reused for manufacturing door panels,
rain coats, industrial sheets and carpets. The closed loop recycling of used polyethylene
terephthalate bottles into new grade PET is expected to subsequently decrease the
environmental pollution by a decreasing the demand for raw material, consequently
increasing the profit margin of the PET bottle manufacturer.