Global polyethylene terephthalate market (Business Opportunities - Investment)

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Global polyethylene terephthalate market

Global polyethylene terephthalate market was valued US$ 25.3 Bn in 2017, and expected to reach US$ 43.7 Bn by 2026, at CAGR of 7.01 % during forecast period.

Global Polyethylene Terephthalate Market, by Region
Polyethylene terephthalate (PET) is the most common thermoplastic polymer resin of the polyester family and is used in fibers for clothing, containers for liquids and foods, thermoforming for manufacturing, and in combination with glass fiber for engineering resins.
Its polymer chin breakdown easily at low temperature so it recycle friendly. Polyethylene terephthalate plastic has become the world’s choice in the packaging sector. It is widely used for packaging of many food and beverages as it is hygienic, strong, and lightweight, retains the freshness of the products and does not shatter. The majority of the world's Polyethylene terephthalate production is for synthetic fibers (up to 60%), with bottle production accounting for about 30% of global demand.

Target Nation: All Nations
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Last Update : 10 September 2020
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