Amorphous Polyethylene Terephthalate Market Report Scope & Overview:

The Amorphous Polyethylene Terephthalate Market was valued at USD 48.72 billion in 2023. It is estimated to reach USD 87.74 billion by 2031 and grow at a CAGR of 7.5% over the forecast period 2024-2031.

Increasing emphasis on sustainable packaging solutions worldwide, driven by environmental concerns, is propelling the demand for APET, known for its recyclability and eco-friendly properties. Secondly, the expanding food and beverage industry, particularly in emerging economies, is driving the adoption of APET for packaging applications, thanks to its excellent barrier properties and suitability for food contact.  It acts as a barrier to oxygen, nitrogen, and carbon dioxide, making it ideal for packing in a modified atmosphere (MAP).  Continuous technological advancements in APET production processes are improving its quality and cost-effectiveness, further stimulating market growth. Additionally, the growing trend of on-the-go consumption and the demand for lightweight, convenient packaging solutions are fueling the uptake of APET in various product segments. Lastly, regulatory initiatives promoting the use of recyclable materials and increasing consumer awareness regarding sustainable packaging options are driving the growth of the APET market.

Amorphous Polyethylene Terephthalate Market Revenue Analysis

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Market Dynamics:


  • Growing environmental concerns and emphasis on sustainable packaging solutions

  • Rising Disposable Income

  • Growing adoption of APET in the Food & Beverage Industry

The Amorphous Polyethylene Terephthalate (APET) market is experiencing a surge due to its growing adoption in the food and beverage industry. This trend is primarily fueled by APET's excellent properties for packaging, including its transparency, inertness, and ability to resist chemical degradation. As consumers demand more convenient and sustainable packaging solutions, APET emerges as a preferred choice, driving its market growth within the food and beverage sector.


  • Fluctuating Raw Material Prices

  • Environmental regulations about plastic usage and recycling standards.


  • Replacement of traditional packaging materials with polymer-based packaging materials

  • Increasing demand for On-the-Go Products

The surging demand for on-the-go products represents a significant opportunity for the Amorphous Polyethylene Terephthalate (APET) Market. APET's lightweight, durable, and easily moldable nature makes it an ideal choice for packaging solutions catering to the needs of busy consumers seeking convenience. As lifestyles continue to prioritize mobility and quick consumption, APET's suitability for on-the-go packaging positions it to capitalize on this trend, driving market growth and innovation in portable product offerings.


  • Limited recycling infrastructure and consumer awareness regarding the recyclability of APET

  • Substitution threats from other advanced materials with better properties, such as polylactic acid (PLA) and polyethylene furanoate (PEF)

Impact of Russia-Ukraine War:

The Russia and Ukraine war has led to sanctions and disruptions in the supply of oil and gas, which are essential raw materials for PET production. This can lead to shortages of APET and drive-up prices. The supply chain disruptions and rising energy costs can cause significant price fluctuations for APET. Manufacturers may struggle to find cost-effective raw materials, impacting production costs and final product prices. Difficulty in acquiring raw materials due to supply chain disruptions and rising energy prices can lead to higher production costs for APET manufacturers.

Impact of Economic Downturn:

Amorphous polyethylene terephthalate (APET) has seen a decrease in demand due to the economic challenges faced by many industries. The decrease in demand for APET is due to reduced consumer spending, supply chain disruptions, and decreased production levels. During an economic downturn, consumers tend to tighten their belts and prioritize essential spending. This can lead to a decrease in demand for products packaged in APET, such as food and beverages. APET is also used in electronics and other durable goods. If people are postponing non-essential purchases, it can lead to lower demand for APET in these sectors.

Market Segmentation:

By Additive Types

  • Chain Extender

  • Nucleating Agent

  • Stabilizer

  • Impact Modifier

  • Other

By Application

  • Bottles

  • Films/Sheets

  • Food Packaging

  • Others

By application, Bottles held the largest revenue share of more than 48% in 2023 and are expected to dominate the market during the forecast period. APET bottles are increasingly preferred across various industries, including beverages, personal care, and household products, owing to their ability to maintain product integrity and extend shelf life. APET offers flexibility in shaping and coloring, enabling manufacturers to create appealing and distinctive bottle designs that attract consumers' attention on store shelves. This customization capability enhances brand visibility and consumer engagement, contributing to the continued preference for APET bottles in various product categories.


By End-Use Industry

  • Food & Beverage

  • Pharmaceuticals

  • Others

Food & Beverage dominated the end-use industry segment of the Amorphous Polyethylene Terephthalate Market with the highest revenue share of more than 70% in 2023. This dominance is attributable to the indispensable role of amorphous polyethylene terephthalate (APET) in providing reliable and hygienic packaging solutions for the food and beverage industry. APET's innate characteristics, such as its transparency, resilience, and excellent barrier properties, ensure the safe preservation and presentation of consumables. Additionally, APET's versatility allows for various packaging formats, accommodating the diverse needs of food and beverage products while meeting consumer demands for convenience and product safety.


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Regional Analysis:

Asia Pacific dominated the Amorphous Polyethylene Terephthalate Market with the largest revenue share of more than 40% in 2023 owing to the rapid industrialization and urbanization in the Asia Pacific region, driving the demand for packaged goods and consequently, amorphous polyethylene terephthalate (APET) for packaging solutions. Moreover, the expanding middle-class population and increasing disposable incomes in countries like China and India contribute to heightened consumption of packaged food and beverages, further fueling APET market growth.  Expansion of supermarkets, hypermarkets, and convenience stores further drives the growth of the Amorphous Polyethylene Terephthalate Market. This expansion drives heightened demand for packaged goods, necessitating efficient packaging materials like APET. Coupled with evolving consumer preferences towards convenience-oriented products, this trend solidifies APET's position as a preferred packaging material in the region.

North America is estimated to grow at a significant CAGR during the forecast period of 2024-2031. Rising demand for convenient and lightweight packaging solutions across various industries further fuels the adoption of APET in North America, contributing to its projected growth.



North America

  • US

  • Canada

  • Mexico


  • Eastern Europe

    • Poland

    • Romania

    • Hungary

    • Turkey

    • Rest of Eastern Europe

  • Western Europe

    • Germany

    • France

    • UK

    • Italy

    • Spain

    • Netherlands

    • Switzerland

    • Austria

    • Rest of Western Europe

Asia Pacific

  • China

  • India

  • Japan

  • South Korea

  • Vietnam

  • Singapore

  • Australia

  • Rest of Asia Pacific

Middle East & Africa

  • Middle East

    • UAE

    • Egypt

    • Saudi Arabia

    • Qatar

    • Rest of the Middle East

  • Africa

    • Nigeria

    • South Africa

    • Rest of Africa

Latin America

  • Brazil

  • Argentina

  • Colombia

  • Rest of Latin America

Key Players:

M&G Chemicals, Indorama Ventures Public Company Limited, Quadrant AG, Reliance Industries Limited, Nan Ya Plastics Corporation, DAK Americas,  Polisan Holding, Teijin Limited, Sinopec Yizheng Chemical Fibre Company, Jiangsu Sanfangxiang Group Co., Far Eastern New Century Corporation, Plastiverd, JBF Industries Ltd., Covestro AG, INVISTA.

M&G Chemicals-Company Financial Analysis

  • In January 2022, Indorama Ventures Public Company Limited announced its intention to acquire shares of Ngoc Nghia Industry – Service – Trading Joint Stock Company (NN). NN is a leading provider of PET packaging materials to both global and Vietnamese brands in the beverage and non-beverage industries, known for its high-quality standards.

  • In August 2021, Far Eastern New Century Corporation joined forces with fiber expert OTIZ, Oriental Industries (Suzhou) Ltd., to develop a PET bottle recycling technology specifically for tire manufacturing. This innovative process eliminates the need for intermediary chemical stages, meeting the high mechanical requirements of tire production.

Amorphous Polyethylene Terephthalate Market Report Scope:
Report Attributes Details
Market Size in 2023 US$ 48.72 Billion
Market Size by 2031 US$ 87.74 Billion
CAGR CAGR of 7.5% From 2024 to 2031
Base Year 2023
Forecast Period 2024-2031
Historical Data 2020-2022
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By Additive Types (Chain Extender, Nucleating Agent, Stabilizer, Impact Modifier, and Other)
• By Application (Bottles, Films/Sheets, Food Packaging, and Others)
• By End-Use Industry (Food & Beverage, Pharmaceuticals, and Others)
Regional Analysis/Coverage North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia, Rest of Latin America)
Company Profiles M&G Chemicals, Indorama Ventures Public Company Limited, Quadrant AG, Reliance Industries Limited, Nan Ya Plastics Corporation, DAK Americas,  Polisan Holding, Teijin Limited, Sinopec Yizheng Chemical Fibre Company, Jiangsu Sanfangxiang Group Co., Far Eastern New Century Corporation, Plastiverd, JBF Industries Ltd., Covestro AG, INVISTA
DRIVERS • Growing environmental concerns and emphasis on sustainable packaging solutions
• Rising Disposable Income
• Growing adoption of APET in the Food & Beverage Industry
Restraints • Fluctuating Raw Material Prices
• Environmental regulations about plastic usage and recycling standards.

Frequently Asked Questions

Ans: The Amorphous Polyethylene Terephthalate Market was valued at USD 48.72 billion in 2023.

Ans: The expected CAGR of the global Amorphous Polyethylene Terephthalate Market during the forecast period is 7.5%.

Ans: By end-user industry, the pharmaceutical segment is expected to grow at the highest CAGR in the Amorphous Polyethylene Terephthalate Market from 2024-2031.

Ans: The United States dominated the Amorphous Polyethylene Terephthalate Market in the North America region.

Ans: The challenges in the Amorphous Polyethylene Terephthalate (APET) Market include intense competition from alternative packaging materials and limited recycling infrastructure and consumer awareness regarding APET's recyclability.


1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions

2. Industry Flowchart

3. Research Methodology

4. Market Dynamics
4.1 Drivers
4.2 Restraints
4.3 Opportunities
4.4 Challenges

5. Impact Analysis
5.1 Impact of Russia-Ukraine Crisis
5.2 Impact of Economic Slowdown on Major Countries
5.2.1 Introduction
5.2.2 United States
5.2.3 Canada
5.2.4 Germany
5.2.5 France
5.2.6 UK
5.2.7 China
5.2.8 Japan
5.2.9 South Korea
5.2.10 India

6. Value Chain Analysis

7. Porter’s 5 Forces Model

8.  Pest Analysis

9. Average Selling Price
9.1 North America
9.2 Europe
9.3 Asia Pacific
9.4 Latin America
9.5 Middle East & Africa

10. Global Amorphous Polyethylene Terephthalate Market Segment, By Additive Types
10.1    Introduction
10.2    Trend Analysis
10.3    Chain Extender
10.4    Nucleating Agent
10.5    Stabilizer
10.6    Impact Modifier
10.7    Other

11. Global Amorphous Polyethylene Terephthalate Market Segment, By Application
11.1    Introduction
11.2    Trend Analysis
11.3    Bottles
11.4    Films/Sheets
11.5    Food Packaging
11.6    Others

12. Global Amorphous Polyethylene Terephthalate Market Segment, By End-Use Industry
12.1    Introduction
12.2    Trend Analysis
12.3    Food & Beverage
12.4    Pharmaceuticals
12.5    Others

13. Regional Analysis
13.1 Introduction
13.2 North America
13.2.1 USA
13.2.2 Canada
13.2.3 Mexico
13.3 Europe
13.3.1 Eastern Europe Poland Romania Hungary Turkey Rest of Eastern Europe
13.3.2 Western Europe Germany France UK Italy Spain Netherlands Switzerland Austria Rest of Western Europe
13.4 Asia-Pacific
13.4.1 China
13.4.2 India
13.4.3 Japan
13.4.4 South Korea
13.4.5 Vietnam
13.4.6 Singapore
13.4.7 Australia
13.4.8 Rest of Asia Pacific
13.5 The Middle East & Africa
13.5.1 Middle East UAE Egypt Saudi Arabia Qatar Rest of the Middle East
13.5.2 Africa Nigeria South Africa Rest of Africa
13.6 Latin America
13.6.1 Brazil
13.6.2 Argentina
13.6.3 Colombia
13.6.4 Rest of Latin America

14. Company Profiles
14.1 M&G Chemicals

14.1.1 Company Overview
14.1.2 Financial
14.1.3 Products/ Services Offered
14.1.4 SWOT Analysis
14.1.5 The SNS View
14.2 Indorama Ventures Public Company Limited
14.2.1 Company Overview
14.2.2 Financial
14.2.3 Products/ Services Offered
14.2.4 SWOT Analysis
14.2.5 The SNS View
14.3 Quadrant AG
14.3.1 Company Overview
14.3.2 Financial
14.3.3 Products/ Services Offered
14.3.4 SWOT Analysis
14.3.5 The SNS View
14.4 Reliance Industries Limited
14.4.1 Company Overview
14.4.2 Financial
14.4.3 Products/ Services Offered
14.4.4 SWOT Analysis
14.4.5 The SNS View
14.5 Nan Ya Plastics Corporation
14.5.1 Company Overview
14.5.2 Financial
14.5.3 Products/ Services Offered
14.5.4 SWOT Analysis
14.5.5 The SNS View
14.6 DAK Americas
14.6.1 Company Overview
14.6.2 Financial
14.6.3 Products/ Services Offered
14.6.4 SWOT Analysis
14.6.5 The SNS View
14.7 Polisan Holding
14.7.1 Company Overview
14.7.2 Financial
14.7.3 Products/ Services Offered
14.7.4 SWOT Analysis
14.7.5 The SNS View
14.8 Teijin Limited
14.8.1 Company Overview
14.8.2 Financial
14.8.3 Products/ Services Offered
14.8.4 SWOT Analysis
14.8.5 The SNS View
14.9 Sinopec Yizheng Chemical Fibre Company
14.9.1 Company Overview
14.9.2 Financial
14.9.3 Products/ Services Offered
14.9.4 SWOT Analysis
14.9.5 The SNS View
14.10 Jiangsu Sanfangxiang Group Co.
14.10.1 Company Overview
14.10.2 Financial
14.10.3 Products/ Services Offered
14.10.4 SWOT Analysis
14.10.5 The SNS View
14.11 Far Eastern New Century Corporation
14.11.1 Company Overview
14.11.2 Financial
14.11.3 Products/ Services Offered
14.11.4 SWOT Analysis
14.11.5 The SNS View
14.12 Plastiverd
14.12.1 Company Overview
14.12.2 Financial
14.12.3 Products/ Services Offered
14.12.4 SWOT Analysis
14.12.5 The SNS View
14.13 JBF Industries Ltd.
14.13.1 Company Overview
14.13.2 Financial
14.13.3 Products/ Services Offered
14.13.4 SWOT Analysis
14.13.5 The SNS View
14.14 Covestro AG
14.14.1 Company Overview
14.14.2 Financial
14.14.3 Products/ Services Offered
14.14.4 SWOT Analysis
14.14.5 The SNS View
14.15.1 Company Overview
14.15.2 Financial
14.15.3 Products/ Services Offered
14.15.4 SWOT Analysis
14.15.5 The SNS View

15. Competitive Landscape
15.1 Competitive Benchmarking
15.2 Market Share Analysis
15.3 Recent Developments
15.3.1 Industry News
15.3.2 Company News
15.3.3 Mergers & Acquisitions

16. Use Case and Best Practices

17. Conclusion

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Secondary Research

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Primary Research

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Data Bank Validation

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