SkyQuest Technology Group recently introduced Polyethylene Terephthalate (PET) Resin Market study with in-depth overview, describing about the Product/Industry Scope and elaborates market outlook and status (2025-2032). The market Study is segmented by key regions which is accelerating the marketization. The Polyethylene Terephthalate (PET) Resin Market has witnessed Excellent growth over the past decade and is expected to maintain its upward trajectory.
Polyethylene Terephthalate (PET) Resin Market size was valued at USD 39.12 billion in 2023 and is poised to grow from USD 41.15 billion in 2024 to USD 61.74 billion by 2032, growing at a CAGR of 5.2% during the forecast period (2025-2032).
The growth of the food and beverage industry, as well as the population’s demand for frozen and processed foods, polyethylene terephthalate material’s demand for effective and environmentally friendly packaging alternatives worldwide, and consumers’ preference for effective and easily recyclable beverage containers, are the key factors driving market expansion. Additionally, during the forecast period, the market will benefit from rise in research and development activities, as well as technological developments, modernization of production methods, and other aspects.
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The market for polyethylene terephthalate (PET) resins will face additional challenges during the forecast period due to the rise in stringent government regulations and norms relating to the use of PET material, as well as the rise in the availability of substitute products that are available and lower PET recycling rates because of high contamination.
There should likely be more opportunities for PET as the demand for lightweight packaging for electronics and food increases. In addition, it is expected that rivalry will become increasingly intense over the forecast period. Players are focusing their effort on creating unique technologies to strengthen their market position. Businesses are developing PET manufacturing processes that are both economical and high-quality in an attempt to gain a competitive edge in the market.
Detailed Segmentation and Classification of the report (Market Size and Forecast – 2032, Y-o-Y growth rate, and CAGR):
The Polyethylene Terephthalate (PET) Resin Market can be segmented based on several factors, including product type, application, end-user, and distribution channel.
PET Type
Transparent & Non-Transparent PET, Recycled PET
Application
Packaging, Films & Sheets, Others
Packaging Application
Bottled Water, Carbonated Soft Beverages, Juices, Alcoholic Beverages, Thermoforming Trays, Food Packaging, Non-Food Packaging, Others
Polyethylene Terephthalate (PET) Resin Market – Regional Analysis:
– Polyethylene Terephthalate (PET) Resin North America Market includes (Canada, Mexico, USA)
– Polyethylene Terephthalate (PET) Resin Europe Market includes (Germany, France, Great Britain, Italy, Spain, Russia)
– Polyethylene Terephthalate (PET) Resin Asia-Pacific Market includes (China, Japan, India, South Korea, Australia)
– Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa)
– Polyethylene Terephthalate (PET) Resin South America Market includes (Brazil, Argentina)
– Polyethylene Terephthalate (PET) Resin Oceania Market (Australia & New Zealand)
Top Market Players in Polyethylene Terephthalate (PET) Resin Market are:
Indorama Ventures Public Company Limited (Thailand)
Alpek S.A.B. de C.V. (Mexico)
Far Eastern New Century Corporation (Taiwan)
SABIC (Saudi Basic Industries Corporation) (Saudi Arabia)
Reliance Industries Limited (India)
JBF Industries Ltd. (India)
Lotte Chemical Corporation (South Korea)
Nan Ya Plastics Corporation (Taiwan)
M&G Chemicals (Luxembourg)
DAK Americas LLC (USA)
Petroquímica Suape (Brazil)
Selenis Portugal (Portugal)
Octal Petrochemicals (Oman)
Equipolymers (Switzerland)
Zhejiang Hengyi Group Co., Ltd. (China)
China Resources Chemical Materials Technology Co., Ltd. (China)
Toray Industries, Inc. (Japan)
Teijin Limited (Japan)
Kolon Industries, Inc. (South Korea)
Hyosung Corporation (South Korea)
Polyethylene Terephthalate (PET) Resin Market Recent Developments:
In February 2022, Alpek finalized a deal to purchase OCTAL Holding SAOC (hereafter “Octal”). Alpek’s global position will be strengthened by the acquisition, and its value-added production options for Polyethylene Terephthalate (PET) sheets would increase.
In January 2022, Indorama Ventures suggested purchasing NN, a Vietnamese PET converter. Right now, the company is in the process of acquiring NN shares. The anticipated acquisition is meant to help IVL solidify its position in the packaging business in high-growth regions of Asia-Pacific.
Also Read –
https://www.slideshare.net/slideshow/silica-sand-market-future-scenarios-and-revenue-predictions-2025-2032/277955795
https://marketanalysisblogs.com/2025/03/24/acrylic-resin-market-expanding-applications-across-industries/
Forward-Looking Insights
The Polyethylene Terephthalate (PET) Resin Market is set to experience sustained growth, fueled by technological advancements, broader global market access, and rising industry demand. With the industry addressing emerging challenges and capitalizing on new opportunities, it is expected to drive innovation and play a pivotal role in advancing global health and economic progress.
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