Polyethylene Terephthalate Global Analysis & Forecast to 2024 Polyethylene Terephthalate Market - Global Industr

Polyethylene Terephthalate Market - Global
Industry Analysis, Size, Share, Growth, Trends
and Forecast 2016 - 2024
Global Polyethylene Terephthalate Market: Overview
Polyethylene terephthalate resin is a petrochemical compound which is derived from
polycondensation reaction of purified terephthalic acid (PTA) and monoethylene
glycol (MEG). PET resin is widely used in food and beverages packaging industry for
packaging water, soft drinks, juices, ready-to-cook food and other products. The PET
packaging has replaced conventional glass packaging owing to features like its
flexibility, lightweight, low cost, and easy handling. Beverages is an important
precursor of PET, utilized for packaging water, soft drinks, juices, and similar other
products.
PET is used widely in making films and sheets (jars, trays). These films and sheets
can bear high temperatures without deforming and can be used for hot fill and
microwave applications. The typical uses of PET films includes boil-in-bag, roasted
bags, peelable PET films, hot sealable PET films. PET sheet is widely used in making
trays for food packaging such as vegetables, meals, biscuits, chocolates and
manufacturing jars for packaging butter, jams, edible oil, etc. The added advantage
of PET is that it is fully recyclable and can be utilized for making carpets and other
non-food applications.
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http://www.transparencymarketresearch.com/pet-polyethylene-terephthalate-and-
pet-packaging-market.html
Global Polyethylene Terephthalate Market: Scope of the Study
This study analyzes, estimates, and forecasts the global polyethylene terephthalate
market in terms of volume (kilo tons) and revenue (US$ Mn) from 2015 to 2024.
Market numbers given in the report describe the demand for global polyethylene
terephthalate, but not production or supply. The global polyethylene terephthalate
report also analyzes several driving and restraining factors and their impact on the
market during the forecast period.