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Global Polyethylene Terephthalate Industry Report: Country Overview; Value Chain Analysis; Production Process; Trade Analysis; Market Dynamics: Drivers & Constraints, Industry Events, Innovations & Trends, SWOT Analysis; Porter’s Five Forces; Industry Best Practices: Sourcing Strategy, Procurement Model, Contract Structure, Negotiation Levers, Key Factors Influencing the Quotation; Key Supplier Analysis, 2022-2027

Polyethylene Terephthalate Industry Report by Regional Category Spend, Price Analysis, Key Demand, and Price Indicators, and Best Buying Practices


The global Polyethylene Terephthalate market reached a value of about USD 59.01 billion in 2021. The industry is projected to grow at a CAGR of around 8.5% in the forecast period of 2022-2027 to reach a value of about USD 94.64 billion by 2027.

The global Polyethylene Terephthalate industry report gives a comprehensive analysis of the industry, including key segments, trends, drivers, restraints, the competitive landscape, and other essential market aspects. The market is primarily driven by the application of the product in the manufacturing of plastic bottles. In the industry report, the key demand indicator is the highest category spender by region—Asia.

Industry Definition and Segmentation

The most standard thermoplastic polymer resin of the polyester family, polyethene terephthalate or PET, is used in clothing fibres, containers for liquids and foods, thermoforming for manufacturing, and in combination with glass fibre for engineering resins. It is a strong, stiff synthetic fibre and resin that belongs to the polyester family of polymers. PET fibres are spun into permanent-press textiles and blow-molded into disposable drinking bottles. The Polyethylene Terephthalate industry report comprises segments by application (Fibre, Blow Molding, Sheet, Films, Engineering, Plastics, and Others) and region (North America, Europe, Asia Pacific, the Middle East, Africa, and South America).

The Asia Region is Driving the Growth of the Industry

Asia accounts for the largest share in the market, owing to the economy's overall growth. Factors such as the growing population, rise in disposable income, rapid urbanisation, etc., are driving the industry's growth. Also, as China is the primary producer of PET, it leads the market's expansion in the region. The demand for polyethene terephthalate in Asia is predicted to be driven by rising packaged food consumption and rising demand for car films in countries such as China, India, Indonesia, and Malaysia.

The market is being driven by the rise in demand for PET containers, primarily from the food and beverage segment is augmenting the market's expansion. The growing population and rise in disposable incomes lead to increased expenditure on food items which is likely to give a significant thrust to the market growth. The increased demand for the material for sustainable packaging alternatives paired with the rising demand for packaged and processed foods is further propelling the industry's growth.

However, factors like the strict regulations from the government paired with the availability of substitutes in the market are likely to hamper the market's growth.

Best Procurement Practices

The global Polyethylene Terephthalate industry report by Procurement Resource gives an in-depth analysis of the best buying practices followed by major global Polyethylene Terephthalate regions across the globe, such as engagement models, contract terms, and buyer and supplier negotiation levers, among others.

Category Management Studies

PET is made by combining pure terephthalic acid (PTA) and ethylene glycol (EG) monomers in the presence of a catalyst. Excess EG and other reaction products such as propylene glycol (PG) and triethylene glycol (TEG) are collected and recycled after the reaction.

The Extensive Applications of the Product in the Packaging Sector, Further Boosting the Procurement of Polyethylene Terephthalate

As the product provides water and moisture barriers, it is extensively used in manufacturing bottles for mineral water and carbonated drinks, which is likely to impact the market positively. The industry is witnessing growth due to the substance's properties like being safe, non-toxic, lightweight, strong, and flexible. As a result, it is used in a wide range of applications, including beverage packaging, consumer goods, healthcare, food packaging, etc., furthering the market's growth. In addition, the increasing R&D initiatives by the manufacturers are likely to have a positive impact on the market.

The regional markets for the industry can be divided into North America, South America, Europe, the Middle East and Africa, and the Asia Pacific.

Key Industry Players Mentioned in the Polyethylene Terephthalate Industry Report

  • Indorama Ventures Public Company Limited
  • Alpek Group/DAK Americas LLC
  • China Resources Packaging Materials Co. Ltd.
  • Jiangsu Sanfangxiang Industrial Group
  • Hengli Petrochemical Co., Ltd.

Market Landscape

The PET resin industry is a market that is semi-consolidated. The bulk of the big firms has consolidated their resin manufacturing and distribution activities to increase resin quality and extend their regional footprint. Key manufacturers have made significant financial investments in R&D to produce sophisticated goods that meet market demands.

Key Initiatives by Companies

  • Indorama Ventures proposed acquiring NN, a Vietnamese PET converter, on January 11, 2022. The corporation is now in the process of acquiring NN shares. The anticipated purchase would help IVL expand its market position in the packaging industry in high-growth Asia-Pacific markets.
  • The M&G PTA/PET factory in Texas, United States, was acquired by FENC US JV in January 2019.

1.    Executive Summary
2.    PET Industry Snapshot

    2.1.    PET Market Outlook
    2.2.    PET Industry Analysis by Application
        2.2.1.    Fibre
        2.2.2.    Blow Molding
        2.2.3.    Sheet
        2.2.4.    Films
        2.2.5.    Engineering
        2.2.6.     Plastics &Others
    2.3.    Regional Overview
        2.3.1.    North America
        2.3.2.    Europe
        2.3.3.    Asia Pacific 
        2.3.4.    Latin America
        2.3.5.    Middle East & Africa
3.    Impact of Recent Events 
4.    PET Value Chain Analysis 
5.    PET Production Process
6.    Trade Analysis 
7.    Major Risk Factors in Sourcing
8.    PET Cost Structure
9.    PET Price Analysis 
10.    Key Demand Indicator Analysis
11.    Key Price Indicator Analysis
12.    PET Market Dynamics

    12.1.    Drivers & Constraints
    12.2.    Industry Events 
    12.3.    Innovations & Trends
    12.4.    SWOT Analysis
    12.5.    Porter’s Five Forces
        12.5.1.    Buyer Power
        12.5.2.    Supplier Power
        12.5.3.    Threat of New entrants
        12.5.4.    Threat of Substitutes
        12.5.5.    Industry Rivalry
13.    Feedstock Market Analysis 
    13.1.    Market Overview
    13.2.    Price Analysis 
14.    Industry Best Practices
    14.1.    Sourcing Strategy
    14.2.    Procurement Model
    14.3.    Contract Structure
    14.4.    Negotiation Levers
    14.5.    Pricing Model
    14.6.    Key Factors Influencing the Quotation 
15.    Key Supplier Analysis
    15.1.    Indorama Ventures Public Company Limited
    15.2.    Alpek Group/DAK Americas LLC
    15.3.    China Resources Packaging Materials Co. Ltd.
    15.4.    Jiangsu Sanfangxiang Group
    15.5.    Hengli Petrochemical Co., Ltd.

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Key Questions Answered in the Report

The global Polyethylene Terephthalate market size was valued at USD 59.01 billion in 2021.

As per the application provided, the fibre segment is anticipated to lead the market between 2022 and 2027.

The significant demand for the substance in the packaging sector is one of the essential drivers of the Polyethylene Terephthalate market growth.

Indorama Ventures Public Company Limited, Alpek Group/DAK Americas LLC, China Resources Packaging Materials Co. Ltd., Jiangsu Sanfangxiang Industrial Group, and Hengli Petrochemical Co., Ltd. are some of the leading players in the market.

The Asia region of the Polyethylene Terephthalate industry holds a significant share in the market.

Analyst Review

The global Polyethylene Terephthalate market attained a value of USD 59.01 billion in 2021, driven by the rise in demand for PET containers, primarily from the food and beverage segment, augmenting the market's expansion. The increased demand for the material for sustainable packaging alternatives paired with the rising demand for packaged and processed foods is further propelling the industry's growth. Aided by the growing efforts by prominent key players to introduce sustainable packaging solutions, the market is expected to witness further growth in the forecast period of 2022-2027, growing at a CAGR of 8.5%. The market is projected to reach USD 94.64 billion by 2027. Some of the leading players in the industry are Indorama Ventures Public Company Limited, Alpek Group/DAK Americas LLC, China Resources Packaging Materials Co. Ltd., Jiangsu Sanfangxiang Industrial Group, Hengli Petrochemical Co., Ltd.

Procurement Resources' detailed research approach explores deep into the industry, encompassing the macro and micro aspects of the industry. Its team of experts uses a combination of cutting-edge analytical tools and their expertise, thus, delivering its customers with market insights that are accurate and actionable and help them remain ahead of their competition.

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