| Product Code: ETC13148765 | Publication Date: Apr 2025 | Updated Date: Jul 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Vasudha | No. of Pages: 190 | No. of Figures: 80 | No. of Tables: 40 |
According to 6Wresearch internal database and industry insights, the Global Polyethylene Terephthalate Resins Market was valued at USD 33 Billion in 2024 and is expected to reach USD 42 Billion by 2031, growing at a compound annual growth rate of 5.20% during the forecast period (2025-2031).
The Global Polyethylene Terephthalate (PET) Resins Market is experiencing steady growth due to increasing demand from various end-use industries such as packaging, textiles, and automotive. The market is driven by the rising popularity of PET packaging in the food and beverage sector, as it is lightweight, shatterproof, and recyclable. Additionally, the growing awareness about sustainability and environmental concerns is further fueling the demand for PET resins, as they are considered more eco-friendly compared to other plastic materials. Asia Pacific is the largest market for PET resins, with China being the major producer and consumer in the region. Key players in the global PET resins market include Indorama Ventures, DAK Americas, and Lotte Chemical. Overall, the market is expected to continue its growth trajectory in the coming years.
The Global Polyethylene Terephthalate (PET) Resins Market is experiencing significant growth driven by the increasing demand for sustainable packaging solutions in industries such as food and beverage, personal care, and pharmaceuticals. With a rising awareness of environmental issues, there is a shift towards PET resins due to their recyclability and lightweight properties. The market is also benefiting from the growing popularity of PET bottles for water and carbonated soft drinks. Opportunities in the market include the development of bio-based PET resins, advancements in recycling technologies to improve sustainability, and the expansion of PET applications into new sectors such as automotive and electronics. Overall, the Global PET Resins Market is poised for continued expansion fueled by consumer preferences for eco-friendly packaging options.
The Global Polyethylene Terephthalate (PET) Resins Market faces several challenges, including fluctuations in raw material prices, increasing competition from alternative packaging materials, and environmental concerns related to plastic waste. The volatility in crude oil prices directly impacts the cost of PET resin production, making it challenging for manufacturers to maintain stable pricing and profitability. Additionally, the growing popularity of sustainable packaging options such as biodegradable plastics and paper-based materials poses a threat to the PET resin market. Environmental regulations and consumer preferences for eco-friendly products are driving the demand for more sustainable packaging solutions, prompting PET resin producers to innovate and adapt to these changing market dynamics. Overall, navigating these challenges requires strategic planning, innovation, and a strong focus on sustainability within the PET resin industry.
The Global Polyethylene Terephthalate (PET) Resins Market is primarily driven by the increasing demand for PET packaging in the food and beverage industry due to its lightweight, recyclable, and cost-effective nature. The growing preference for sustainable and eco-friendly packaging solutions, coupled with the rising consumption of packaged foods and beverages worldwide, is fueling the demand for PET resins. Additionally, the expanding use of PET in the production of fibers for textiles, automotive parts, and electronic components is contributing to market growth. Technological advancements in PET resin manufacturing processes, as well as the emphasis on product innovation and development by key players, are also driving the market forward. Furthermore, the rising awareness among consumers regarding environmental conservation and the need for reducing plastic waste are expected to further boost the demand for PET resins in the coming years.
Government policies related to the Global Polyethylene Terephthalate (PET) Resins Market primarily focus on environmental regulations and recycling initiatives. Many countries have implemented regulations to promote the use of recycled PET material and reduce plastic waste. For instance, some governments have set targets for the percentage of recycled content in PET products, while others have introduced extended producer responsibility (EPR) schemes to hold manufacturers accountable for the recycling and disposal of PET products. Additionally, there are incentives and subsidies available for companies investing in PET recycling infrastructure. Overall, the government policies aim to encourage sustainability, circular economy practices, and the reduction of plastic pollution in the PET resins market.
The Global Polyethylene Terephthalate (PET) Resins Market is expected to witness significant growth in the coming years due to increasing demand from various end-use industries such as packaging, textiles, and electronics. The market is projected to expand further with the rising popularity of PET bottles in the beverage industry and the growing emphasis on sustainable packaging solutions. Additionally, technological advancements leading to the development of bio-based PET resins are anticipated to drive market growth further. However, challenges such as fluctuating raw material prices and environmental concerns related to PET production may hinder the market`s progress. Overall, the Global PET Resins Market is poised for growth opportunities driven by increasing demand for sustainable packaging solutions and innovative product developments.
In the global Polyethylene Terephthalate (PET) resins market, Asia Pacific is expected to dominate due to the growing demand for PET in packaging and textile industries in countries like China and India. North America is also a key market, driven by the increasing consumption of PET in the beverage and food packaging sectors. Europe is witnessing steady growth in PET resins market due to the rising demand for sustainable and recyclable packaging materials. The Middle East and Africa region is experiencing a surge in PET production capacity to cater to the growing demand from various end-use industries. Latin America is also showing promising growth opportunities in the PET resins market, driven by the expanding food and beverage industry and increasing adoption of PET in packaging applications.
Global Polyethylene Terephthalate (PET) Resins Market |
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Global Polyethylene Terephthalate (PET) Resins Market Overview |
3.1 Global Regional Macro Economic Indicators |
3.2 Global Polyethylene Terephthalate (PET) Resins Market Revenues & Volume, 2021 & 2031F |
3.3 Global Polyethylene Terephthalate (PET) Resins Market - Industry Life Cycle |
3.4 Global Polyethylene Terephthalate (PET) Resins Market - Porter's Five Forces |
3.5 Global Polyethylene Terephthalate (PET) Resins Market Revenues & Volume Share, By Regions, 2021 & 2031F |
3.6 Global Polyethylene Terephthalate (PET) Resins Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.7 Global Polyethylene Terephthalate (PET) Resins Market Revenues & Volume Share, By End- User Industry, 2021 & 2031F |
3.8 Global Polyethylene Terephthalate (PET) Resins Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.9 Global Polyethylene Terephthalate (PET) Resins Market Revenues & Volume Share, By Material, 2021 & 2031F |
4 Global Polyethylene Terephthalate (PET) Resins Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Global Polyethylene Terephthalate (PET) Resins Market Trends |
6 Global Polyethylene Terephthalate (PET) Resins Market, 2021 - 2031 |
6.1 Global Polyethylene Terephthalate (PET) Resins Market, Revenues & Volume, By Product Type, 2021 - 2031 |
6.1.1 Overview & Analysis |
6.1.2 Global Polyethylene Terephthalate (PET) Resins Market, Revenues & Volume, By Bottles, 2021 - 2031 |
6.1.3 Global Polyethylene Terephthalate (PET) Resins Market, Revenues & Volume, By Films and Sheets, 2021 - 2031 |
6.1.4 Global Polyethylene Terephthalate (PET) Resins Market, Revenues & Volume, By Cups, 2021 - 2031 |
6.1.5 Global Polyethylene Terephthalate (PET) Resins Market, Revenues & Volume, By Cans, 2021 - 2031 |
6.1.6 Global Polyethylene Terephthalate (PET) Resins Market, Revenues & Volume, By Pouches, 2021 - 2031 |
6.1.7 Global Polyethylene Terephthalate (PET) Resins Market, Revenues & Volume, By Others, 2021 - 2031 |
6.2 Global Polyethylene Terephthalate (PET) Resins Market, Revenues & Volume, By End- User Industry, 2021 - 2031 |
6.2.1 Overview & Analysis |
6.2.2 Global Polyethylene Terephthalate (PET) Resins Market, Revenues & Volume, By Food & Beverage, 2021 - 2031 |
6.2.3 Global Polyethylene Terephthalate (PET) Resins Market, Revenues & Volume, By Automotive, 2021 - 2031 |
6.2.4 Global Polyethylene Terephthalate (PET) Resins Market, Revenues & Volume, By Electrical & Electronics, 2021 - 2031 |
6.2.5 Global Polyethylene Terephthalate (PET) Resins Market, Revenues & Volume, By Healthcare, 2021 - 2031 |
6.2.6 Global Polyethylene Terephthalate (PET) Resins Market, Revenues & Volume, By Consumer Goods, 2021 - 2031 |
6.2.7 Global Polyethylene Terephthalate (PET) Resins Market, Revenues & Volume, By Others, 2021 - 2031 |
6.3 Global Polyethylene Terephthalate (PET) Resins Market, Revenues & Volume, By Application, 2021 - 2031 |
6.3.1 Overview & Analysis |
6.3.2 Global Polyethylene Terephthalate (PET) Resins Market, Revenues & Volume, By Beverages, 2021 - 2031 |
6.3.3 Global Polyethylene Terephthalate (PET) Resins Market, Revenues & Volume, By Sheets & Films, 2021 - 2031 |
6.3.4 Global Polyethylene Terephthalate (PET) Resins Market, Revenues & Volume, By Consumer Goods, 2021 - 2031 |
6.3.5 Global Polyethylene Terephthalate (PET) Resins Market, Revenues & Volume, By Food Packaging, 2021 - 2031 |
6.3.6 Global Polyethylene Terephthalate (PET) Resins Market, Revenues & Volume, By Others, 2021 - 2031 |
6.4 Global Polyethylene Terephthalate (PET) Resins Market, Revenues & Volume, By Material, 2021 - 2031 |
6.4.1 Overview & Analysis |
6.4.2 Global Polyethylene Terephthalate (PET) Resins Market, Revenues & Volume, By Glass, 2021 - 2031 |
6.4.3 Global Polyethylene Terephthalate (PET) Resins Market, Revenues & Volume, By Plastics, 2021 - 2031 |
6.4.4 Global Polyethylene Terephthalate (PET) Resins Market, Revenues & Volume, By Metal, 2021 - 2031 |
6.4.5 Global Polyethylene Terephthalate (PET) Resins Market, Revenues & Volume, By Paperboard, 2021 - 2031 |
6.4.6 Global Polyethylene Terephthalate (PET) Resins Market, Revenues & Volume, By Others, 2021 - 2031 |
7 North America Polyethylene Terephthalate (PET) Resins Market, Overview & Analysis |
7.1 North America Polyethylene Terephthalate (PET) Resins Market Revenues & Volume, 2021 - 2031 |
7.2 North America Polyethylene Terephthalate (PET) Resins Market, Revenues & Volume, By Countries, 2021 - 2031 |
7.2.1 United States (US) Polyethylene Terephthalate (PET) Resins Market, Revenues & Volume, 2021 - 2031 |
7.2.2 Canada Polyethylene Terephthalate (PET) Resins Market, Revenues & Volume, 2021 - 2031 |
7.2.3 Rest of North America Polyethylene Terephthalate (PET) Resins Market, Revenues & Volume, 2021 - 2031 |
7.3 North America Polyethylene Terephthalate (PET) Resins Market, Revenues & Volume, By Product Type, 2021 - 2031 |
7.4 North America Polyethylene Terephthalate (PET) Resins Market, Revenues & Volume, By End- User Industry, 2021 - 2031 |
7.5 North America Polyethylene Terephthalate (PET) Resins Market, Revenues & Volume, By Application, 2021 - 2031 |
7.6 North America Polyethylene Terephthalate (PET) Resins Market, Revenues & Volume, By Material, 2021 - 2031 |
8 Latin America (LATAM) Polyethylene Terephthalate (PET) Resins Market, Overview & Analysis |
8.1 Latin America (LATAM) Polyethylene Terephthalate (PET) Resins Market Revenues & Volume, 2021 - 2031 |
8.2 Latin America (LATAM) Polyethylene Terephthalate (PET) Resins Market, Revenues & Volume, By Countries, 2021 - 2031 |
8.2.1 Brazil Polyethylene Terephthalate (PET) Resins Market, Revenues & Volume, 2021 - 2031 |
8.2.2 Mexico Polyethylene Terephthalate (PET) Resins Market, Revenues & Volume, 2021 - 2031 |
8.2.3 Argentina Polyethylene Terephthalate (PET) Resins Market, Revenues & Volume, 2021 - 2031 |
8.2.4 Rest of LATAM Polyethylene Terephthalate (PET) Resins Market, Revenues & Volume, 2021 - 2031 |
8.3 Latin America (LATAM) Polyethylene Terephthalate (PET) Resins Market, Revenues & Volume, By Product Type, 2021 - 2031 |
8.4 Latin America (LATAM) Polyethylene Terephthalate (PET) Resins Market, Revenues & Volume, By End- User Industry, 2021 - 2031 |
8.5 Latin America (LATAM) Polyethylene Terephthalate (PET) Resins Market, Revenues & Volume, By Application, 2021 - 2031 |
8.6 Latin America (LATAM) Polyethylene Terephthalate (PET) Resins Market, Revenues & Volume, By Material, 2021 - 2031 |
9 Asia Polyethylene Terephthalate (PET) Resins Market, Overview & Analysis |
9.1 Asia Polyethylene Terephthalate (PET) Resins Market Revenues & Volume, 2021 - 2031 |
9.2 Asia Polyethylene Terephthalate (PET) Resins Market, Revenues & Volume, By Countries, 2021 - 2031 |
9.2.1 India Polyethylene Terephthalate (PET) Resins Market, Revenues & Volume, 2021 - 2031 |
9.2.2 China Polyethylene Terephthalate (PET) Resins Market, Revenues & Volume, 2021 - 2031 |
9.2.3 Japan Polyethylene Terephthalate (PET) Resins Market, Revenues & Volume, 2021 - 2031 |
9.2.4 Rest of Asia Polyethylene Terephthalate (PET) Resins Market, Revenues & Volume, 2021 - 2031 |
9.3 Asia Polyethylene Terephthalate (PET) Resins Market, Revenues & Volume, By Product Type, 2021 - 2031 |
9.4 Asia Polyethylene Terephthalate (PET) Resins Market, Revenues & Volume, By End- User Industry, 2021 - 2031 |
9.5 Asia Polyethylene Terephthalate (PET) Resins Market, Revenues & Volume, By Application, 2021 - 2031 |
9.6 Asia Polyethylene Terephthalate (PET) Resins Market, Revenues & Volume, By Material, 2021 - 2031 |
10 Africa Polyethylene Terephthalate (PET) Resins Market, Overview & Analysis |
10.1 Africa Polyethylene Terephthalate (PET) Resins Market Revenues & Volume, 2021 - 2031 |
10.2 Africa Polyethylene Terephthalate (PET) Resins Market, Revenues & Volume, By Countries, 2021 - 2031 |
10.2.1 South Africa Polyethylene Terephthalate (PET) Resins Market, Revenues & Volume, 2021 - 2031 |
10.2.2 Egypt Polyethylene Terephthalate (PET) Resins Market, Revenues & Volume, 2021 - 2031 |
10.2.3 Nigeria Polyethylene Terephthalate (PET) Resins Market, Revenues & Volume, 2021 - 2031 |
10.2.4 Rest of Africa Polyethylene Terephthalate (PET) Resins Market, Revenues & Volume, 2021 - 2031 |
10.3 Africa Polyethylene Terephthalate (PET) Resins Market, Revenues & Volume, By Product Type, 2021 - 2031 |
10.4 Africa Polyethylene Terephthalate (PET) Resins Market, Revenues & Volume, By End- User Industry, 2021 - 2031 |
10.5 Africa Polyethylene Terephthalate (PET) Resins Market, Revenues & Volume, By Application, 2021 - 2031 |
10.6 Africa Polyethylene Terephthalate (PET) Resins Market, Revenues & Volume, By Material, 2021 - 2031 |
11 Europe Polyethylene Terephthalate (PET) Resins Market, Overview & Analysis |
11.1 Europe Polyethylene Terephthalate (PET) Resins Market Revenues & Volume, 2021 - 2031 |
11.2 Europe Polyethylene Terephthalate (PET) Resins Market, Revenues & Volume, By Countries, 2021 - 2031 |
11.2.1 United Kingdom Polyethylene Terephthalate (PET) Resins Market, Revenues & Volume, 2021 - 2031 |
11.2.2 Germany Polyethylene Terephthalate (PET) Resins Market, Revenues & Volume, 2021 - 2031 |
11.2.3 France Polyethylene Terephthalate (PET) Resins Market, Revenues & Volume, 2021 - 2031 |
11.2.4 Rest of Europe Polyethylene Terephthalate (PET) Resins Market, Revenues & Volume, 2021 - 2031 |
11.3 Europe Polyethylene Terephthalate (PET) Resins Market, Revenues & Volume, By Product Type, 2021 - 2031 |
11.4 Europe Polyethylene Terephthalate (PET) Resins Market, Revenues & Volume, By End- User Industry, 2021 - 2031 |
11.5 Europe Polyethylene Terephthalate (PET) Resins Market, Revenues & Volume, By Application, 2021 - 2031 |
11.6 Europe Polyethylene Terephthalate (PET) Resins Market, Revenues & Volume, By Material, 2021 - 2031 |
12 Middle East Polyethylene Terephthalate (PET) Resins Market, Overview & Analysis |
12.1 Middle East Polyethylene Terephthalate (PET) Resins Market Revenues & Volume, 2021 - 2031 |
12.2 Middle East Polyethylene Terephthalate (PET) Resins Market, Revenues & Volume, By Countries, 2021 - 2031 |
12.2.1 Saudi Arabia Polyethylene Terephthalate (PET) Resins Market, Revenues & Volume, 2021 - 2031 |
12.2.2 UAE Polyethylene Terephthalate (PET) Resins Market, Revenues & Volume, 2021 - 2031 |
12.2.3 Turkey Polyethylene Terephthalate (PET) Resins Market, Revenues & Volume, 2021 - 2031 |
12.3 Middle East Polyethylene Terephthalate (PET) Resins Market, Revenues & Volume, By Product Type, 2021 - 2031 |
12.4 Middle East Polyethylene Terephthalate (PET) Resins Market, Revenues & Volume, By End- User Industry, 2021 - 2031 |
12.5 Middle East Polyethylene Terephthalate (PET) Resins Market, Revenues & Volume, By Application, 2021 - 2031 |
12.6 Middle East Polyethylene Terephthalate (PET) Resins Market, Revenues & Volume, By Material, 2021 - 2031 |
13 Global Polyethylene Terephthalate (PET) Resins Market Key Performance Indicators |
14 Global Polyethylene Terephthalate (PET) Resins Market - Export/Import By Countries Assessment |
15 Global Polyethylene Terephthalate (PET) Resins Market - Opportunity Assessment |
15.1 Global Polyethylene Terephthalate (PET) Resins Market Opportunity Assessment, By Countries, 2021 & 2031F |
15.2 Global Polyethylene Terephthalate (PET) Resins Market Opportunity Assessment, By Product Type, 2021 & 2031F |
15.3 Global Polyethylene Terephthalate (PET) Resins Market Opportunity Assessment, By End- User Industry, 2021 & 2031F |
15.4 Global Polyethylene Terephthalate (PET) Resins Market Opportunity Assessment, By Application, 2021 & 2031F |
15.5 Global Polyethylene Terephthalate (PET) Resins Market Opportunity Assessment, By Material, 2021 & 2031F |
16 Global Polyethylene Terephthalate (PET) Resins Market - Competitive Landscape |
16.1 Global Polyethylene Terephthalate (PET) Resins Market Revenue Share, By Companies, 2024 |
16.2 Global Polyethylene Terephthalate (PET) Resins Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Top 10 Company Profiles |
18 Recommendations |
19 Disclaimer |