Report Scope & Overview:
Amorphous Polyethylene Terephthalate Market Size was valued at USD 45.30 billion in 2022, and expected to reach USD 80.79 billion by 2030, and grow at a CAGR of 7.5% over the forecast period 2023-2030. Amorphous polyethylene terephthalate (APET) is a thermoplastic sheet made from polyethylene terephthalate that has been extruded (PET).
Amorphous polyethylene terephthalate has outstanding clarity, gloss, mechanical, and thermoforming properties. It acts as a barrier to oxygen, nitrogen, and carbon dioxide, making it ideal for packing in a modified atmosphere (MAP). The food and beverage industry's growing demand for amorphous polyethylene terephthalate is driving the global amorphous polyethylene terephthalate market. Because of its strong chemical and solvent resistance, APET is increasingly being used in food and beverage packaging. This helps to extend the shelf life of the product. During the assessment period, the market is likely to develop due to rising demand for ready-to-eat food products as a result of shifting consumption patterns. It's also utilised in pharmaceutical packaging because of its antibacterial characteristics, which keep drugs from spoiling. Because of its recyclable nature, amorphous polyethylene terephthalate is predicted to replace traditional packaging materials such as metals, accelerating industry growth.
Food and beverage industry demand increasing.
In Asia-Pacific, the use of amorphous polyethylene terephthalate in a variety of end-use industries is increasing.
The Global Manufacturing Industry is thriving.
Variations in Environmental Regulations and Mandates
Raw material prices that fluctuate
Traditional packaging materials are being replaced by polymer-based packaging materials.
Demand for On-the-Go Products is Growing
Recyclability Issues with Polyethylene Terephthalate
Impact of Covid-19:
COVID-19 is a recently found coronavirus strain that causes an infectious sickness. This sickness is affecting economic growth all across the world. The virus was first discovered in Wuhan, China, in December of this year. The global COVID-19 outbreak has wrought havoc. COVID-19 had a substantial influence on worldwide GDP in 2020, with estimates indicating that the virus harmed global economic growth by at least 0.5 percent to 1.5 percent in FY 2020-2021, however economies are rebounding with the removal of key countries' restrictions. Both lives and livelihoods are at risk as a result of the disease's rapid spread. It's a global issue that necessitates a worldwide response. It's impossible to predict how quickly this condition will go away. This is an uncommon scenario since it affects both supply and demand, influencing the global supply of amorphous polyethylene terephthalate. Various rigid plastic packaging providers are developing solutions and strategies to engage with their end consumers in order to reassure them by offering information on how they are addressing global concerns on their websites and social media.
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
By End-use Industry:
Food & Beverage
By Additive types:
Asia Pacific, North America, Europe, Latin America, and the Middle East and Africa are the five regions that make up the global amorphous polyethylene terephthalate market. Due to high demand from major end-use sectors such as food & beverage, automotive, electronics, and textiles in this region, Asia Pacific accounted for a significant market share in the global amorphous polyethylene terephthalate market in 2016. The rising packaging sector in nations like China, India, and Japan is responsible for this increase.
Because of the significant demand from the food and beverage industries in the United States and Canada, North America was the second largest area in the global amorphous polyethylene terephthalate market. Another key driver of the market in the region is the high penetration of the APET in cosmetics, personal care goods, and pharmaceuticals. The extensive use of the product in numerous end-use industries such as medicines, automotive, and electrical and electronics in Europe is likely to drive significant growth.
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
|Market Size in 2022||US$ 45.30 Billion|
|Market Size by 2030||US$ 80.79 Billion|
|CAGR||CAGR of 7.5% From 2023 to 2030|
|Report Scope & Coverage||Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook|
|Key Segments||• By Application (Bottles, Films/sheets, Food packaging, Others)
• By End-use Industry (Food & Beverage, Pharmaceuticals, Others)
• By Additive types (Chain Extender, Nucleating Agent, Stabilizer, Impact Modifier, Other)
|Regional Analysis/Coverage||North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, 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||• Food and beverage industry demand increasing.
• In Asia-Pacific, the use of amorphous polyethylene terephthalate in a variety of end-use industries is increasing.
• The Global Manufacturing Industry is thriving.
|Restraints||• Variations in Environmental Regulations and Mandates
• Raw material prices that fluctuate
Ans: Primary or secondary type of research done by this reports.
Ans: Manufacturers, Consultant, aftermarket players, association, Research institute, private and universities libraries, suppliers and distributors of the product.
Ans: Bottles, Films/sheets, Food packaging and Others are the sub-segments of by application segment.
Ans: Traditional packaging materials are being replaced by polymer-based packaging materials and Demand for On-the-Go Products is Growing are the opportunity forAmorphous Polyethylene Terephatalate Market.
Ans: Amorphous Polyethylene Terephatalate Market Size was valued at USD 42.14 billion in 2021, and expected to reach USD 69.91 billion by 2028, and grow at a CAGR of 7.5 % over the forecast period 2022-2028.
Table of Contents
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.2 Impact on major economies
18.104.22.168 United Kingdom
22.214.171.124 South Korea
126.96.36.199 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Amorphous Polyethylene Terephthalate Market Segment, By Application
8.3 Food packaging
9. Amorphous Polyethylene Terephthalate Market Segment, By End-use Industry
9.1 Food & Beverage
10. Amorphous Polyethylene Terephthalate Market Segment, By Additive Types
10.1 Chain Extender.
10.2 Nucleating Agent
10.4 Impact Modifier
11. Regional Analysis
11.2 North America
11.3.6 The Netherlands
11.3.7 Rest of Europe
11.4.2 South Korea
11.4.6 Rest of Asia-Pacific
11.5 The Middle East & Africa
11.5.3 South Africa
11.6 Latin America
11.6.3 Rest of Latin America
12. Company Profile
12.1 M&G Chemicals
12.1.2 Products/ Services Offered
12.1.3 SWOT Analysis
12.1.4 The SNS view
12.2 Indoama Ventures Public Company Limited
12.3 Quadrant AG
12.4 Reliance Industries Limited
12.5 Nan Ya Plastics Corporation
12.6 DAK Americas
12.7 Polisan Holding
12.8 Teijin Limited
12.9 Sinopec Yizheng Chemical Fibre Company
12.11 Jiangsu Sanfangxiang Group Co.
12.11 Far Eastern New Century Corporation
12.11 JBF Industries Ltd.
12.14 Covestro AG
13. Competitive Landscape
13.1 Competitive Benchmark
13.2 Market Share analysis
13.3 Recent Developments
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