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Global Amorphous Polyethylene Terephthalate Market Insight
2022-01-30 Comments

The Amorphous Polyethylene Terephthalate is forecast to fast increase over the next few years.According to the WK-chem Research “Global Amorphous Polyethylene Terephthalate Professional Survey Report 2022, Forecast to 2027″, Amorphous polyethylene terephthalate is a thermoplastic sheet, which is an effective barrier to oxygen, nitrogen, and carbon dioxide. It is mainly used in packaging businesses, due to which it has higher demand. It possesses physical properties such as strength, inertness, stiffness, lightweight, clear appearance, low flavor absorption, and recyclable properties. It is non-toxic, biodegradable, and cost-effective polymer, highly used in food & beverages industry for packaging, cosmetics, personal care products, and pharmaceuticals.The compound annual growth rate (CAGR) for the 2022-2027 period is projected to be 7.2 % base on WK-chem Research regression analysis model.

Analysts’ Viewpoint:

” Due to the environmental requirements of the packaging industry, manufacturers are advised to focus on using environmentally friendly raw materials for the manufacture of boxes and bags for packaging. So as to achieve the purpose of expanding the market.” Said Lisa , Senior analyst, Chemical industry Market Research Center in WK-chem Research.

Market insight:

The demand for packaged food items is increasing due to changing lifestyle of masses across the globe. Amorphous polyethylene terephthalate is used extensively for packaging food items & beverages. It offers high strength and stiffness, clear visibility, and low creep characteristics, which make it perfect for use in food packaging applications. The food & beverages industry is one of the largest end users of bottles made of amorphous polyethylene terephthalate. Thus, the increasing use of amorphous polyethylene terephthalate in the food & beverages end-use industry is fueling the growth of the amorphous polyethylene terephthalate (APET) market across the globe.Increasing use of amorphous polyethylene terephthalate packaging materials over traditional packaging materials such as metal cans, glass & plastic bottles, and liquid cartons is leading to the growth of the amorphous polyethylene terephthalate (APET) market across the globe.
Environmental mandates and regulations regarding the packaging industry vary from country to country, thereby making it difficult for companies to adjust to these varying regulations. These environmental mandates affect not only manufacturers but also the commercial sector. There is an increased demand for biodegradable and eco-friendly packaging materials across the globe. Moreover, efforts are being in the commercial sector to ensure that the packaging of products does not increase their costs to a large extent. Retailers are also focusing on using eco-friendly raw materials to manufacture boxes and bags used for packaging. The governments in the European and North American regions have formulated strict regulations pertaining to the packaging industry with regard to their recycling rates, container deposits, and packaging levies. Such variations in the environmental mandates and regulations across different regions pose a challenge to the growth of the amorphous polyethylene terephthalate (APET) market.

Competition Landscape:

This WK-chem Research market report is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading Amorphous Polyethylene Terephthalate companies that include Reliance Industries Limited, Indorama Ventures Public Company Limited, Quadrant AG, Plastiverd, Sinopec Yizheng Chemical Fibre Company, INVISTA, JBF Industries Ltd., Polisan Holding, DAK Americas, Nan Ya Plastics Corporation, Far Eastern New Century Corporation, Covestro AG, M&G Chemicals, Jiangsu Sanfangxiang Group Co., Teijin Limited, NOVAPET, OCTAL, UAB NEO GROUP, China Resources Packaging Materials Co. Ltd., Shahid Tondgooyan Petrochemical Company Polyester Industries, Lotte Chemicals, Petro Polymer Shargh, Equipolymers, Dhunseri Pertrochem Limited, BASF SE, EI Du Pont De Nemours & Co, Eastman Chemicals Company, Dow Chemicals Company.

Segmentation of Amorphous Polyethylene Terephthalate Market:

On the basis of type, the market is bifurcated into Bottles, Films/Sheets, Food Packaging. The bottles segment is expected to grow at the highest growth rate during the forecast period. The increased use of amorphous polyethylene terephthalate (APET) to manufacture bottles can be attributed to high malleability and inert nature of amorphous polyethylene terephthalate. Moreover, the bottles made from amorphous polyethylene terephthalate are lightweight, clear, and tough. The growing use of amorphous polyethylene terephthalate bottles for packaging carbonated soft drinks (CSD), energy drinks, and pharmaceuticals is expected to fuel the growth of the bottles application segment of the amorphous polyethylene terephthalate (APET) market during the forecast period. Based on Application, the market is bifurcated into Food & Beverages, Pharmaceuticals. The food & beverages segment to record the highest CAGR during the forecast period. Changing lifestyle of masses and busy schedules of the working-class population across the globe are other factors fueling the consumption of on-the-go food items. This, in turn, is leading to the increased demand for packaging materials made of amorphous polyethylene terephthalate (APET) from the food & beverages industry, thereby fueling the growth of the food & beverages end-use industry segment of the market.

Amorphous Polyethylene Terephthalate Market: Regional Analysis

In terms of geography, the Global Amorphous Polyethylene Terephthalate Market is classified into North America, Europe, Asia Pacific, MEA, and South America. The Asia Pacific amorphous polyethylene terephthalate (APET) market is expected to grow at the highest CAGR in terms of value during the forecast period. China, India, South Korea, and Australia are the key countries contributing to the demand for amorphous polyethylene terephthalate from the Asia Pacific region. Increasing population and improving economic conditions are the factors expected to drive the growth of the food & beverages industry in the Asia Pacific region, which is further fueling the growth of the amorphous polyethylene terephthalate (APET) in the region.

Cagr: 7.2 %
Largest share area:Asia Pacific
Largest share country:China
Product Type:Bottles, Films/Sheets, Food Packaging
Application:Food & Beverages, Pharmaceuticals
Leading Company:Reliance Industries Limited, Indorama Ventures Public Company Limited, Quadrant AG, Plastiverd, Sinopec Yizheng Chemical Fibre Company