Global Amorphous Polyethylene Terephthalate Market
Global Amorphous Polyethylene Terephthalate Market was valued at US$ XX Bn in 2018 and is expected to reach US$ XX Bn by 2026, at a CAGR of XX % during a forecast period.
The request and popularity for the usage of APET market in food and beverage industries for packaging is one of the request drivers for the growth of the global amorphous polyethylene terephthalate market. Growing application of global amorphous polyethylene terephthalate market because of its physical properties like lightweight, inertness, optical clarity and high strength along with increasing popularity of ready to eat food products, changing lifestyle and food habits, usage in capsule and tablet packaging, are fuelling the growth of the global amorphous polyethylene terephthalate market further. However, the changing environmental rules and regulations in different countries across the globe and volatility in the costs of raw materials are hindrances in the expansion of the APET market. Replacement of the outdated packaging in coming years can be one of the growth factor resulting in an increased usage of APET.
The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis.
Based on application segment, amorphous polyethylene terephthalate is widely used for making bottles that are used for packaging beverages, pharmaceuticals, and personal care products. The increased use of amorphous polyethylene terephthalate to manufacture bottles can be attributed to high malleability and inert nature of amorphous polyethylene terephthalate. Furthermore, bottles made from amorphous polyethylene terephthalate are lightweight, clear, and tough. The growing consumption of carbonated soft drinks (CSD), packaged mineral water, ready-to-drink tea and coffee, packaged dairy products, and soft drinks across the globe is estimated to drive the growth of the bottles application segment of the global amorphous polyethylene terephthalate (APET) market during the forecast period.
On the basis of end-use industry segment, the food & beverages end-use industry segment is estimated to hold largest market share during forecast period. In the food & beverages end-use industry, trays, ampules, bottles lids and cups manufactured from the shapeless polyethylene terephthalate are used for packaging applications. The food & beverages industry across the globe is undergoing alteration because of opening of new food retail chains, improving global economic conditions, rising disposable income of consumers, and growing request for ready-to-eat food items. The growth of the food & beverages industry is projected to drive the request for amorphous polyethylene terephthalate in the coming years.
In terms of region, the Asia Pacific region is estimated to hold largest market share during forecast period. The growth of the Asia Pacific global amorphous polyethylene terephthalate (APET) market is mainly driven by the high growth rate of the economy of the region and different food habits of people across different countries of the Asia Pacific region. In addition, the increasing population of the Asia Pacific region presents a huge customer base for fast-moving consumer goods (FMCG) and packaged food & beverages, which, in turn, is projected to lead to the growth of the Asia Pacific global amorphous polyethylene terephthalate (APET) market.
The report offers a complete assessment of the market. It does so via detailed qualitative insights, historical data, and verifiable projections about market size. The estimates featured in the report have been derived using proven research methodologies and expectations. The examination report serves as a source of study and information for every surface of the market, including but not incomplete to regional markets, technology, types, and applications.
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding Amorphous Polyethylene Terephthalate Market dynamics, structure by identifying and analyzing the market segments and project the global market size. Further, the report also focuses on the competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address the question of shareholders to prioritizing the efforts and investment in the near future to the emerging segment in amorphous polyethylene terephthalate market.
Scope of Global Amorphous Polyethylene Terephthalate Market
Global Amorphous Polyethylene Terephthalate Market, by Application
• Food Packaging
Global Amorphous Polyethylene Terephthalate Market, by End-Use Industry
• Food & Beverages
Global Amorphous Polyethylene Terephthalate Market, by Region
• North America
• Asia Pacific
• Middle East & Africa
• South America
Key Players Operating in Global Amorphous Polyethylene Terephthalate Market
• Indorama Ventures Public Company Limited
• Far Eastern New Century Corporation
• DAK Americas
• JBF Industries Ltd.
• Reliance Industries Limited
• Sinopec Yizheng Chemical Fibre Company Limited
• Covestro AG
• Jiangsu Sanfangxiang Group Co., Ltd.
• M&G Chemicals
• Petro Polymer Shargh
• Quadrant AG
• Uab Neo Group
• Novapet S.A.
• Lotte Chemicals
• Nan Ya Plastics Corporation
• Polisan Holding
• Shahid Tondgooyan Petrochemical Company
• Dhunseri Petrochem Limited (DPL)
• Teijin Limited
• China Resources Packaging Materials Co., Ltd.
• Mpi Polyester Industries
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