TMR_Research_Reports_2017 Polyethylene Terephthalate Market Research By 2024 | Page 2

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
Transparency Market Research (TMR) observes that the competitive landscape in the global
polyethylene terephthalate (PET) market is fairly fragmented. The research analysts expect that
the competition is set to intensify in the coming years due to affordable switching costs and strong
presence of PET resin suppliers. The leading five players, Indorama Ventures, M & G Chemicals,
Jiangsu Sanfanxiang, Octal, and DAK Americas, collectively held a share of about 39% in the global
market in 2015. Companies are focused on expanding businesses in developing economies as they
countries hold terrific promise of growth.
According to the research report, the global polyethylene terephthalate market is estimated to be
worth US$39.16 bn by the end of 2024 from US$23.73 bn in 2015. During the forecast period of 2016
and 2024, the global PET market is estimated to progress at a CAGR of 5.80%.
Browse Market Research Report @
http://www.transparencymarketresearch.com/pet-polyethylene-terephthalate-and-
pet-packaging-market.html
Flourishing Food and Beverages Industry offers Asia Pacific PET Market Lucrative
Opportunities
In terms of application, the global PET market is segmented into films, beverages, food packaging,
and others such as household products and cosmetic bottles. Analysts anticipate that the demand for
PET in beverage packaging is likely to remain high the coming years, showing dominance throughout
forecast period. The increasing demand for production of juice bottles, dairy products, cosmetics, and
water bottles is projected to fuel the growth of this application segment in the coming years.
2
Transparency Market Research