Reports
Sale
Global Extruded PET Market Size, Demand, Trends, Forecast: By Application: Blow Moulding, General Extrusion; By End Use: Electronics, Automotive, Personal Care, Pharmaceuticals, Food and Beverages, Others; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape; 2024-2032
Global Extruded PET Market Outlook
The global extruded PET market size reached approximately USD 10.40 billion in 2023. The market is estimated to grow at a CAGR of 6.4% in the forecast period of 2024-2032, reaching a value of around USD 18.15 billion by 2032.
Key Trends in the Market
PET or polyethylene terephthalate is a plastic polymer that is strong, lightweight, and recyclable in nature. It is extruded at a temperature between 270-290°C for the production of films and sheets, among others, for applications in several end-use sectors.
- Growing demand for sustainable products to reduce environmental impacts is one of the prominent extruded PET market trends. Extruded PET is easier to recycle due to its properties such as flexibility and heat responsiveness and can be reused in plastic bottles or clothing.
- The rising trend of a circular economy, which involves reusing existing products and materials for as long as possible, has fuelled investments in the recycling of extruded PET products.
- Factors such as excellent flexibility, high strength-to-weight ratio, and resistance to moisture have boosted the applications of extruded PET in automotive components such as exterior body parts and engine covers, among others.
- Integration of smart technology in extruded PET packaging to develop intelligent packaging that can track products and provide transparency, active packaging which prolongs the shelf life of products, and QR code packaging that offers product information after scanning also provides impetus to the extruded PET market growth.
Market Analysis
Based on application, the market is bifurcated into blow moulding and general extrusion. The general extrusion segment is further divided based on type into heavy gauge sheet, clear tubing, and clear profile, among others. The extruded PET market segmentation, on the basis of end use, includes electronics, automotive, personal care, pharmaceuticals, and food and beverages, among others. The major regional markets of extruded PET 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 extruded PET market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
- Indorama Ventures Public Company Limited
- Formosa Plastics Group
- Advanced Extrusion, Inc.
- Duke Extrusion
- Mannok Holdings DAC
- IPF Holdings Inc.
- Toray Industries Inc.
- Omnia Plastica Srl
- Others
Market Share by End Use
The food and beverage sector occupies a substantial portion of the global extruded PET market share owing to the increased implementation of extruded PET in beverage packaging due to its recyclability and non-toxic and lightweight nature. PET plastic is also utilised in food containers to preserve the freshness and taste of food products. Moreover, due to its superior moisture resistance, extruded PET film finds applications in meat, poultry, and snack items to increase their longevity.
Market Share by Region
As per the extruded PET market analysis, the Asia Pacific accounts for a substantial share of the global market owing to the rising usage of extruded PET films in the electronics sector due to its properties such as insulation, chemical inertness, and thermal stability, among others. With the availability of skilled labour at a low cost, the production of PET plastic in developing economies like India is significantly increasing. Additionally, its wide range of applications in packaging for bottles, containers, and jars also provides a positive outlook to the market.
Competitive Landscape
Indorama Ventures Public Company Limited is a leading producer of combined PET, incorporated in 1994 and headquartered in Bangkok, Thailand. The company is also a major manufacturer of integrated oxides and derivatives (IOD) and fibres.
Formosa Plastics Group, founded in 1954 and headquartered in Kaohsiung City, Taiwan, is a plastics company. Its diversified portfolio includes chemical, steel, electronics, petroleum, and textiles and fibres, among others.
Mannok Holdings DAC, established in 1973, is a provider of sustainable packaging solutions, with its headquarters in Derrylin, Northern Ireland. The company aims to provide quality products through its continuous innovations.
Other extruded PET market players include Advanced Extrusion, Inc., Duke Extrusion, IPF Holdings Inc., Toray Industries Inc., and Omnia Plastica Srl, 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:
|
| Breakup by Application |
|
| Breakup by End Use |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
*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 Extruded PET Market Analysis
8.1 Key Industry Highlights
8.2 Global Extruded PET Historical Market (2018-2023)
8.3 Global Extruded PET Market Forecast (2024-2032)
8.4 Global Extruded PET Market by Application
8.4.1 Blow Moulding
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 General Extrusion
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.2.3 Breakup by Type
8.4.2.3.1 Heavy Gauge Sheet
8.4.2.3.2 Clear Tubing
8.4.2.3.3 Clear Profile
8.4.2.3.4 Others
8.5 Global Extruded PET Market by End Use
8.5.1 Electronics
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Automotive
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Personal Care
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Pharmaceuticals
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Food and Beverages
8.5.5.1 Historical Trend (2018-2023)
8.5.5.2 Forecast Trend (2024-2032)
8.5.6 Others
8.6 Global Extruded PET 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 Extruded PET 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 Extruded PET 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 Extruded PET 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 Extruded PET 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 Extruded PET 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 Price Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Indorama Ventures Public Company Limited
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Formosa Plastics Group
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Advanced Extrusion, Inc.
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Duke Extrusion
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Mannok Holdings DAC
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 IPF Holdings Inc.
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Toray Industries Inc.
16.2.7.1 Company Overview
16.2.7.2 Product Portfolio
16.2.7.3 Demographic Reach and Achievements
16.2.7.4 Certifications
16.2.8 Omnia Plastica Srl
16.2.8.1 Company Overview
16.2.8.2 Product Portfolio
16.2.8.3 Demographic Reach and Achievements
16.2.8.4 Certifications
16.2.9 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Extruded PET Market: Key Industry Highlights, 2018 and 2032
2. Global Extruded PET Historical Market: Breakup by Application (USD Billion), 2018-2023
3. Global Extruded PET Market Forecast: Breakup by Application (USD Billion), 2024-2032
4. Global Extruded PET Historical Market: Breakup by End Use (USD Billion), 2018-2023
5. Global Extruded PET Market Forecast: Breakup by End Use (USD Billion), 2024-2032
6. Global Extruded PET Historical Market: Breakup by Region (USD Billion), 2018-2023
7. Global Extruded PET Market Forecast: Breakup by Region (USD Billion), 2024-2032
8. North America Extruded PET Historical Market: Breakup by Country (USD Billion), 2018-2023
9. North America Extruded PET Market Forecast: Breakup by Country (USD Billion), 2024-2032
10. Europe Extruded PET Historical Market: Breakup by Country (USD Billion), 2018-2023
11. Europe Extruded PET Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Asia Pacific Extruded PET Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Asia Pacific Extruded PET Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Latin America Extruded PET Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Latin America Extruded PET Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Middle East and Africa Extruded PET Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Middle East and Africa Extruded PET Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Global Extruded PET Market Structure
Key Questions Answered in the Report
In 2023, the market reached an approximate value of USD 10.40 billion.
The market is projected to grow at a CAGR of 6.4% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032, reaching a value of around USD 18.15 billion by 2032.
The major market drivers are the rising demand for sustainable products and growing applications of packaging in food and beverages, electronics, and the personal care sector, among others.
The key trends of the market include the rising trend of a circular economy, applications of extruded PET in automotive components, and integration of smart technology in extruded PET packaging.
The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Various applications are blow moulding and general extrusion.
The key players in the market are Indorama Ventures Public Company Limited, Formosa Plastics Group, Advanced Extrusion, Inc., Duke Extrusion, Mannok Holdings DAC, IPF Holdings Inc., Toray Industries Inc., and Omnia Plastica Srl, among others.
Purchase Options 10% off
Call us
Purchase Full Report
Mini Report
$ 2199
$1999
-
Selected Sections, One User
-
Printing Not Allowed
-
Email Delivery in PDF
-
Free Limited Customisation -
Post Sales Analyst Support -
50% Discount on Next Update
Single User License
$ 3299
$2999
-
All Sections, One User
-
One Print Allowed
-
Email Delivery in PDF
-
Free Limited Customisation -
Post Sales Analyst Support -
50% Discount on Next Update
Five User License
$ 4399
$3999
-
All Sections, Five Users
-
Five Prints Allowed
-
Email Delivery in PDF
-
Free Limited Customisation
-
Post Sales Analyst Support
-
50% Discount on Next Update
Corporate License
$ 5499
$4999
-
All Sections, Unlimited Users
-
Unlimited Prints Allowed
-
Email Delivery in PDF + Excel
-
Free Limited Customisation
-
Post Sales Analyst Support
-
50% Discount on Next Update
Any Question? Speak With An Analyst
View A Sample
Did You Miss Anything, Ask Now
Why Expert Market Research?
Right People
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
Right Methodology
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
Right Price
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Right Support
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.
NEWSLETTER