Lucintel Forecasts Polyethylene Terephthalate Resin Market to Reach $43.0 Billion by 2030
Lucintel Forecasts Polyethylene Terephthalate Resin Market to Reach $43.0 Billion by 2030
Blog Article
According to the recent study the polyethylene terephthalate resin market is projected to reach an estimated $43.0 billion by 2030 from $29.8 billion in 2023, at a CAGR of 5.0% from 2024 to 2030. Growth in this market is primarily driven by growing demand for application in packaging for water, carbonated soft drinks, pharmaceuticals and other food & beverages in developing countries.
Browse 116 figures / charts and 102 tables in this 214 -page report to understand trends, opportunities and forecast in polyethylene terephthalate resin market by end use (food and beverages, consumer goods, industrial, medical, electrical and electronics, textile, and others), product type (bottle, film sheet, food, packaging, and others), and region (North America, Europe, Asia Pacific, Middle East and Africa, and South America).
Lucintel forecasts that food and beverage will remain the largest end use whereas medical is expected to witness highest growth over the forecast period by value and volume due to its higher demand in various products for healthcare industry.
Bottle will remain the largest segment due to its wide application area in food and beverage and consumer goods industries.
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Asia Pacific is expected to remain the largest market by value and volume and it is also expected to witness the highest growth over the forecast period due to its use of engineering plastic products in the packaging sector.
Indorama Ventures Public Company Ltd., Alpek, Far Eastern New Century Corporation, Sinopec Group, Nan ya Plasticare the major supplier in thepolyethylene terephthalate resin providers.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected]
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. +1-972-636-5056
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