Polyethylene Terephthalate Market
REPORT DESCRIPTION
Polyethylene Terephthalate Market ( Beverages ( Bottled Water , Carbonated Drinks , Juices , and LDP ), Films , Food Packaging , Cosmetic Bottles , and Household Products ) - Global Industry Analysis , Size , Share , Growth , Trends and Forecast 2016 - 2024
With the presence of a large pool of players , the global polyethylene terephthalate ( PET ) market exhibits a highly fragmented landscape , finds a research report by Transparency Market Research ( TMR ). The top five players , namely , Indorama Ventures , M & G Chemicals , Jiangsu Sanfanxiang , Octal , and DAK Americas , together could hold only 39 % of the overall market in 2015 .
Over the forthcoming years , the competition within the market is likely to intensify due to the low switching costs and the presence of PET resin suppliers in a large number , reports the market study .
According to the research report , the global polyethylene terephthalate ( PET ) market offered an opportunity worth US $ 23.73 bn in 2015 . Analysts expect this market to expand at a 5.80 % CAGR during the period from 2016 to 2024 and touch a value of US $ 39.16 bn by the end of the forecast period . In terms of volume , the market is likely to cross 34,077 kilo tons mark by 2024 .
The beverage packaging segment reports a higher demand for polyethylene terephthalate and is anticipated to remain doing so throughout the forecast period , thanks to its widespread application in the production of juice bottles , soft drink bottles , water bottles , and bottles for liquid dairy products .
Obtain Report Details @ http :// www . transparencymarketresearch . com / pet-polyethyleneterephthalate-and-pet-packaging-market . html
Asia Pacific to Register Continued Dominance
In terms of region , the worldwide market for polyethylene terephthalate is spread across Asia Pacific , North America , the Middle East and Africa , Europe , and Latin America . The report also provides a comprehensive assessment of the regional presence of this market across the world . As per the study , Asia Pacific led the global market in 2015 with a share of more than 35 %, owing to increased demand for packaged food products and beverages from the middle class consumers in emerging
Transparency Market Research
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