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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