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Global Amorphous Polyethylene Terephthalate Market Size: By Application: Bottles, Films/Sheets, Clam Shell Packaging, Others; By End Use Industry: Food and Beverages, Pharmaceuticals, Consumer Goods, Others; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape; 2024-2032
Global Amorphous Polyethylene Terephthalate Market Outlook
The global amorphous polyethylene terephthalate market size was approximately USD 46.30 billion in 2023. The market is further projected to grow at a CAGR of 7.0% between 2024 and 2032, reaching a value of USD 86.04 billion by 2032.
Key Trends in the Market
Thermally stiff polymers that are part of the polyester product family are called APET (Amorphous Polyethylene Terephthalate) films. This material is transparent and perfect for usage for the advertising applications because of its superior mechanical qualities, high impact resistance, and great vacuum formability. A-PET is renowned for having superior electrical insulating qualities, it can withstand temperatures ranging from -60°C to 130°C.
- The increase in sustainability initiatives by different countries place an emphasis on PET applications. Additionally, advancements in PET recycling technologies such as sorting technologies, depolymerisation, and enzymatic recycling contributes to the increased amorphous polyethylene terephthalate market demand.
- As PET is 100% recyclable and highly sustainable, PET films are predominantly used in the packaging industry, for packaging different materials such as water bottles, and consumer or household goods, such as microwave containers.
- PET is primarily used in the production of soft drinks and health drinks, among other beverages. Rising disposable incomes and consumer preferences for bottled beverages owing to increasing concerns about hygiene are aiding the market growth.
Amorphous Polyethylene Terephthalate Market Segmentation
The report analyses the application, end use industry, and regional segments of the market. Based on application, the market is segmented into bottles, films/sheets, and clam shell packaging, among others. On the basis of end use industry, the market can be divided into food and beverages, pharmaceuticals, and consumer goods, among others. The major regional markets for amorphous polyethylene terephthalate are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global amorphous polyethylene terephthalate market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
- Alpec SAB CV (OCTAL)
- Covestro AG
- Lotte Chemical Corp.
- Zhejiang Zhink Group Co., Ltd.
- MPI Polyester Industries Sdn Bhd
- UAB “NEO GROUP”
- SA Minera Catalano Aragonesa (NOVAPET, S.A.)
- Sinopec Yizheng Chemical Fibre Co. Ltd.
- Polisan Holding AS
- Reliance Industries Ltd.
- Others
Market Share by End Use Industry
As per the amorphous polyethylene terephthalate market analysis, the food and beverage sector accounts for a significant share in the market. PET packaging is safe to use for food and beverage items because when exposed to moisture, PET packaging material, as opposed to other materials (like cardboard), allows boxes to maintain their shape and integrity. PET can be used to make boxes in basic shapes like cubes or rectangles, as well as unusual shapes like pyramids, purses, or custom sizes. This versatility enables product producers to customise their packaging to best represent their brand or message, boosting the amorphous polyethylene terephthalate market growth.
Increasing consumer demand for ready-to-eat meals and the growing popularity of food carts, small food joints, and takeaways from cafes and restaurants are further boosting the market expansion.
Market Share by Region
The market in the Asia Pacific is growing as a result of the expansion of the food and beverage sector. Rising urbanisation, increasing disposable income, and the demographic dividend support the shift in consumer preferences. The growing demand for packaged, ready-to-eat food, and healthy beverage options are further influencing the amorphous polyethylene terephthalate market share as polyethylene terephthalate is crucial to the packaging of these foods and beverages.
Polyethylene terephthalate finds widespread applications in medical devices, including implanted components and sutures. The emerging markets for pharmaceuticals such as India and China are further boosting the product demand due to the material’s impact strength and deep foaming capabilities.
Competitive Landscape
Lotte Chemical Corp., founded in 1976, is a leading chemical manufacturing company that produces various chemicals, including synthetic resins, that are used to make a wide range of industrial goods. The company offers PET with different grades, including cool, hot, ace, and bio, among others, that find applications in different industries, such as thermal-resistant containers (for juice, tea, and drinks) for the food and beverage industry and pharmaceutical sector, among others. The company has its shares listed on the Korea Stock Exchange with ticker symbol (KRX: 011170).
Zhejiang Zhink Group Co., Ltd., founded in 1997, has set up production bases for PET upstream to downstream industrial chains in Jinhua, Fuling, and Haining. With a production capacity of 2.4 million metric tons of bottle-grade chips in 2022, it ranked second in China.
Covestro AG is a German cooperation that manufactures raw ingredients for polycarbonate and polyurethane. The products include polyols and isocyanates for cellular foams, pellets of thermoplastic polyurethane and polycarbonate, and additives based on polyurethane that are utilised in coatings and adhesive formulations. The company has its shares listed on NASDAQ Stock Exchange with ticker symbol 1COV (ETR: 1COV).
Other key players in the amorphous polyethylene terephthalate market include Alpec SAB CV (OCTAL), MPI Polyester Industries Sdn Bhd, UAB “NEO GROUP”, SA Minera Catalano Aragonesa (NOVAPET, S.A.), Sinopec Yizheng Chemical Fibre Co. Ltd., Polisan Holding AS, and Reliance Industries Ltd., among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Application |
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| Breakup by End Use Industry |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Amorphous Polyethylene Terephthalate Market Analysis
8.1 Key Industry Highlights
8.2 Global Amorphous Polyethylene Terephthalate Historical Market (2018-2023)
8.3 Global Amorphous Polyethylene Terephthalate Market Forecast (2024-2032)
8.4 Global Amorphous Polyethylene Terephthalate Market by Application
8.4.1 Bottles
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Films/Sheets
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Clam Shell Packaging
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Others
8.5 Global Amorphous Polyethylene Terephthalate Market by End Use Industry
8.5.1 Food and Beverages
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Pharmaceuticals
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Consumer Goods
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Others
8.6 Global Amorphous Polyethylene Terephthalate Market by Region
8.6.1 North America
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Europe
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Latin America
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Middle East and Africa
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
9 North America Amorphous Polyethylene Terephthalate Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Amorphous Polyethylene Terephthalate Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Amorphous Polyethylene Terephthalate Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Amorphous Polyethylene Terephthalate Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Amorphous Polyethylene Terephthalate Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Alpec SAB CV (OCTAL)
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Covestro AG
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Lotte Chemical Corp.
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Zhejiang Zhink Group Co., Ltd.
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 MPI Polyester Industries Sdn Bhd
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 UAB “NEO GROUP”
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 SA Minera Catalano Aragonesa (NOVAPET, S.A.)
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Sinopec Yizheng Chemical Fibre Co. Ltd.
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Polisan Holding AS
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 Reliance Industries Ltd.
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Amorphous Polyethylene Terephthalate Market: Key Industry Highlights, 2018 and 2032
2. Global Amorphous Polyethylene Terephthalate Historical Market: Breakup by Application (USD Billion), 2018-2023
3. Global Amorphous Polyethylene Terephthalate Market Forecast: Breakup by Application (USD Billion), 2024-2032
4. Global Amorphous Polyethylene Terephthalate Historical Market: Breakup by End Use Industry (USD Billion), 2018-2023
5. Global Amorphous Polyethylene Terephthalate Market Forecast: Breakup by End Use Industry (USD Billion), 2024-2032
6. Global Amorphous Polyethylene Terephthalate Historical Market: Breakup by Region (USD Billion), 2018-2023
7. Global Amorphous Polyethylene Terephthalate Market Forecast: Breakup by Region (USD Billion), 2024-2032
8. North America Amorphous Polyethylene Terephthalate Historical Market: Breakup by Country (USD Billion), 2018-2023
9. North America Amorphous Polyethylene Terephthalate Market Forecast: Breakup by Country (USD Billion), 2024-2032
10. Europe Amorphous Polyethylene Terephthalate Historical Market: Breakup by Country (USD Billion), 2018-2023
11. Europe Amorphous Polyethylene Terephthalate Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Asia Pacific Amorphous Polyethylene Terephthalate Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Asia Pacific Amorphous Polyethylene Terephthalate Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Latin America Amorphous Polyethylene Terephthalate Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Latin America Amorphous Polyethylene Terephthalate Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Middle East and Africa Amorphous Polyethylene Terephthalate Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Middle East and Africa Amorphous Polyethylene Terephthalate Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Global Amorphous Polyethylene Terephthalate Market Structure
Key Questions Answered in the Report
In 2023, the market reached an approximate value of USD 46.30 billion.
The market is expected to grow at a CAGR of 7.0% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 86.04 billion by 2032.
The market is being driven by the consumer awareness towards sustainability and the growing popularity of ready-to-eat meals and takeaways.
The key trends of the market include growing demand for healthy packaged beverages, advancement in PET recycling technologies, and application of PET in pharmaceutical and medicine sector.
The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The major end use industries include food and beverages, pharmaceuticals, and consumer goods, among others.
Who are the key market players, according to the amorphous polyethylene terephthalate market report?
The major players in the market are Alpec SAB CV (OCTAL), Covestro AG, Lotte Chemical Corp., Zhejiang Zhink Group Co., Ltd., MPI Polyester Industries Sdn Bhd, UAB “NEO GROUP”, SA Minera Catalano Aragonesa (NOVAPET, S.A.), Sinopec Yizheng Chemical Fibre Co. Ltd., Polisan Holding AS, and Reliance Industries Ltd., among others.
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