Polyethylene Terephthalate - PET Resin Market Report 2025 (Global Edition)

Global Polyethylene Terephthalate - PET Resin Market Report 2024 Market Size Split by Product Type Outlook: (Bottles, Films and Sheets, Cups, Cans, Pouches), by End User Outlook: (Food and Beverage, A...

Polyethylene Terephthalate - PET Resin Market Report Description

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Competitive Landscape of the Polyethylene Terephthalate - PET Resin Market

In the Polyethylene Terephthalate - PET Resin market's competitive landscape, numerous key competitors are driving innovation and growth. These companies focus on strategic expansions, technological innovations, and sustainable product developments to gain a competitive edge. Increasing demand for recycled PET (rPET) has driven partnerships and investments in recycling infrastructure. Regional and emerging players are also strengthening their presence through niche applications and localized production strategies.

In June 2023, Far Eastern New Company declared its intention to grow its recycled PET business and recycle over 20 million bottles annually. In accordance with its business plans, the company increased its recycling capacity. (Source: https://www.thehindu.com/business/pet-recycling-firm-revalyu-resources-starts-new-facility-in-nashik/article68868725.ece) In October 2022, Indorama Ventures Public Company Limited announced plans to establish a new PET recycling facility in the Philippines. The business collaborated with Coca-Cola Beverages Philippines on this, with the goal of increasing profit margins. (Source: https://www.indoramaventures.com/en/updates/other-release/1967/indorama-ventures-opens-the-largest-pet-recycling-plant-in-the-philippines-in-partnership-with-coca-cola) In November 2022, LOTTE Chemical Corporation declared its intention to use the 340 KT capacity already available in the Ulsan plants to convert raw PET into C-rPET by 2032. (Source: https://www.lottechem.com/en/media/news/664/view.do?page=10)

Top Companies Market Share in Polyethylene Terephthalate - PET Resin Industry: (In no particular order of Rank)

• * Indorama Ventures (Thailand)
• * Far Eastern New Century (Taiwan)
• * DAK Americas (US.)
• * Nan Ya Plastics Corporation (Taiwan)
• * SABIC (Saudi Arabia)
• * Dupont (US.)
• * Lotte Chemical Corporation (South Korea)
• * Reliance Industries (India)
• * Octal Petrochemicals (US.)
• * Jiangsu Sanfangxiang Group Co.
• Ltd. (China)
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

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Regional Analysis of the Polyethylene Terephthalate - PET Resin Market

Which Region Dominates the Polyethylene Terephthalate - PET Resin Market in 2024?

According to Cognitive Market Research, North America currently dominates the Polyethylene Terephthalate - PET Resins market, and the region is expected to have significant growth during the projected period. This is due to the high demand for sustainable packaging, significant investments in recycling infrastructure, and strong growth in the food and beverage industry. Increasing adoption of PET for lightweight and eco-friendly packaging further drives market growth in the region.

Which Region is Expanding at the Fastest CAGR?

Asia-Pacific is expected to make significant gains during the projected period, with the greatest compound annual growth rate (CAGR). This growth is driven by increasing demand for packaging materials, rapid urbanization, and rising beverage consumption in emerging economies such as China and India, fostering substantial market development and investment in PET production.

The current report Scope analyzes Polyethylene Terephthalate - PET Resin Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Polyethylene Terephthalate - PET Resin

According to Cognitive Market Research, the global Polyethylene Terephthalate - PET Resin market size was estimated at USD 53215.5 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 21286.20 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.0% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Polyethylene Terephthalate - PET Resin market with a market size of USD 16794.81 million in 2024 and is projected to grow at a CAGR of 7.8% during the forecast period. The US market's Stringent governmental regulations against plastic pollution.
• The Canada Polyethylene Terephthalate - PET Resin market had a market share of USD 2554.34 million in 2024 and is projected to grow at a CAGR of 8.8% during the forecast period. Canada’s rising awareness among the population.
• The Mexico Polyethylene Terephthalate - PET Resin market is projected to witness growth at a CAGR of 8.5% during the forecast period, with a market size of USD 1937.04 million in 2024.

Europe Polyethylene Terephthalate - PET Resin

According to Cognitive Market Research, the global Polyethylene Terephthalate - PET Resin market size was estimated at USD 53215.5 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 15964.65 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.3% from 2024 to 2031.

• The United Kingdom Polyethylene Terephthalate - PET Resin market had a market share of USD 2682.06 million in 2024 and is projected to grow at a CAGR of 9.1% during the forecast period. In the UK, Polyethylene Terephthalate - PET Resin sales witness an upswing due to the increasing focus on environmental sustainability.
• The France Polyethylene Terephthalate - PET Resin market is projected to witness growth at a CAGR of 7.5% during the forecast period, with a market size of USD 1468.75 million in 2024.
• According to Cognitive Market Research, the German Polyethylene Terephthalate - PET Resin market size was valued at USD 3161.00 million in 2024 and is projected to grow at a CAGR of 8.5% during the forecast period. In Germany, Polyethylene Terephthalate - PET Resin surged due to the Increased focus of the manufacturers and major market players.
• The Italy Polyethylene Terephthalate - PET Resin market is projected to witness growth at a CAGR of 7.7% during the forecast period, with a market size of USD 1372.96 million in 2024.
• The Russia Polyethylene Terephthalate - PET Resin market is projected to witness growth at a CAGR of 7.3% during the forecast period, with a market size of USD 2474.52 million in 2024.
• The Spain Polyethylene Terephthalate - PET Resin market is projected to witness growth at a CAGR of 7.4% during the forecast period with a market size of USD 1309.10 million in 2024
• The Luxembourg Polyethylene Terephthalate - PET Resin market is projected to witness growth at a CAGR of 8.4% during the forecast period, with a market size of USD 494.90 million in 2024.
• The Portugal Polyethylene Terephthalate - PET Resin market is projected to witness growth at a CAGR of 8.1% during the forecast period, with a market size of USD 335.26 million in 2024.
• The Greece Polyethylene Terephthalate - PET Resin market is projected to witness growth at a CAGR of 8.6% during the forecast period, with a market size of USD 191.58 million in 2024.
• The Rest of Europe's Polyethylene Terephthalate - PET Resin market is projected to witness growth at a CAGR of 7.0% during the forecast period, with a market size of USD 2474.52 million in 2024.

Asia Pacific Polyethylene Terephthalate - PET Resin

According to Cognitive Market Research, the global Polyethylene Terephthalate - PET Resin market size was estimated at USD 53215.5 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 12239.57 million in 2024 and will grow at a compound annual growth rate (CAGR) of 11.8% from 2024 to 2031.

• According to Cognitive Market Research, the China Polyethylene Terephthalate - PET Resin market size was valued at USD 5507.80 million in 2024 and is projected to grow at a CAGR of 11.3% during the forecast period. Polyethylene Terephthalate - PET Resin surged in China due to the Increased focus of the manufacturers and major market players.
• The Japan Polyethylene Terephthalate - PET Resin market is projected to witness growth at a CAGR of 10.3% during the forecast period, with a market size of USD 1689.06 million in 2024.
• The India Polyethylene Terephthalate - PET Resin market had a market share of USD 1468.75 million in 2024 and is projected to grow at a CAGR of 13.6% during the forecast period. India's rising awareness among the populations .
• The South Korean Polyethylene Terephthalate - PET Resin market is projected to witness growth at a CAGR of 10.9% during the forecast period, with a market size of USD 1223.96 million in 2024.
• The Australian Polyethylene Terephthalate - PET Resin market is projected to witness growth at a CAGR of 11.5% during the forecast period, with a market size of USD 636.46 million in 2024.
• The South East Asia Polyethylene Terephthalate - PET Resin market is projected to witness growth at a CAGR of 12.8% during the forecast period, with a market size of USD 844.53 million in 2024.
• The Rest of Asia Pacific Polyethylene Terephthalate - PET Resin market is projected to witness growth at a CAGR of 11.6% during the forecast period, with a market size of USD 869.01 million in 2024.

South America Polyethylene Terephthalate - PET Resin

According to Cognitive Market Research, the global Polyethylene Terephthalate - PET Resin market size was estimated at USD 53215.5 Million, out of which Latin America held the market share of around 5% of the global revenue with a market size of USD 2660.78 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.2% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil Polyethylene Terephthalate - PET Resin market size was valued at USD 1138.81 million in 2024 and is projected to grow at a CAGR of 9.8% during the forecast period. Polyethylene Terephthalate - PET Resins flourished in Brazil due to increasing demand for packaged food and beverages.
• Argentina's Polyethylene Terephthalate - PET Resin market had a market share of USD 447.01 million in 2024 and is projected to grow at a CAGR of 10.1% during the forecast period. Argentina's rising personal disposable income .
• Colombia Polyethylene Terephthalate - PET Resin market is projected to witness growth at a CAGR of 9.0% during the forecast period, with a market size of USD 236.81 million in 2024.
• Peru Polyethylene Terephthalate - PET Resin market is projected to witness growth at a CAGR of 9.4% during the forecast period, with a market size of USD 218.18 million in 2024.
• Chile Polyethylene Terephthalate - PET Resin market is projected to witness growth at a CAGR of 9.5% during the forecast period, with a market size of USD 191.58 million in 2024.
• The Rest of Latin America's Polyethylene Terephthalate - PET Resin market is projected to witness growth at a CAGR of 8.3% during the forecast period, with a market size of USD 428.38 million in 2024.

Middle East and Africa Polyethylene Terephthalate - PET Resin

According to Cognitive Market Research, the global Polyethylene Terephthalate - PET Resin market size was estimated at USD 53215.5 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 1064.31 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.5% from 2024 to 2031..

• The GCC Countries Polyethylene Terephthalate - PET Resin market is projected to witness growth at a CAGR of 10.3% during the forecast period, with a market size of USD 455.52 million in 2024. Polyethylene Terephthalate - PET Resin sales flourish due to the presence of major market players.
• The Egypt Polyethylene Terephthalate - PET Resin market is projected to witness growth at a CAGR of 9.8% during the forecast period, with a market size of USD 111.75 million in 2024.
• The South Africa Polyethylene Terephthalate - PET Resin market is projected to witness growth at a CAGR of 10.5% during the forecast period, with a market size of USD 168.16 million in 2024. Polyethylene Terephthalate - PET Resin sales flourished in South Africa due to increasing demand and regulatory support.
• The Turkey Polyethylene Terephthalate - PET Resin market is projected to witness growth at a CAGR of 9.0% during the forecast period, with a market size of USD 91.53 million in 2024.
• The Nigeria Polyethylene Terephthalate - PET Resin market is projected to witness growth at a CAGR of 8.6% during the forecast period, with a market size of USD 111.75 million in 2024.
• The Rest of the MEA Polyethylene Terephthalate - PET Resin market is projected to witness growth at a CAGR of 8.5% during the forecast period, with a market size of USD 125.59 million in 2024.

Polyethylene Terephthalate - PET Resin Market Analysis

How are Segments Performing in the Global Polyethylene Terephthalate - PET Resin Market?

Polyethylene Terephthalate - PET Resin Market Product Type Segment Analysis

According to Cognitive Market Research, Bottles hold the largest growing share in the Polyethylene Terephthalate (PET) Resin market due to the increasing demand for lightweight, durable, and recyclable packaging in industries like beverages, food, and pharmaceuticals. PET's excellent barrier properties, clarity, and ease of molding make it ideal for bottles. Additionally, the global shift towards sustainable and eco-friendly packaging solutions, along with the rise of bottled water consumption, further accelerates PET bottle production, driving the segment's rapid growth.

Films and sheets are the fastest-growing segment in the Polyethylene Terephthalate (PET) Resin market due to their widespread use in packaging, especially for food and beverages. PET films are lightweight, durable, and offer excellent barrier properties, making them ideal for flexible packaging applications. The growing demand for sustainable, recyclable packaging solutions, along with advancements in PET recycling technologies, further drives the growth of this segment, as it aligns with the global shift towards eco-friendly materials and packaging innovations.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Polyethylene Terephthalate - PET Resin Industry. Request a Free Sample PDF!

Polyethylene Terephthalate - PET Resin Market End User Segment Analysis

According to Cognitive Market Research, The Food and Beverage industry holds the largest growing share of the Polyethylene Terephthalate (PET) Resin market due to PET's ideal properties for packaging, such as strength, lightweight, and recyclability. PET is widely used in producing bottles, containers, and trays for beverages, snacks, and other food items, meeting consumer demand for safe, durable, and eco-friendly packaging. The growth is further driven by increasing environmental concerns, leading to a shift towards sustainable and recyclable packaging solutions in the industry.

In the Polyethylene Terephthalate - PET Resin Market, the automotive sector drives the fastest growth in the Polyethylene Terephthalate (PET) Resin market due to its increasing use in manufacturing lightweight, durable, and fuel-efficient components. PET resins are preferred for producing automotive parts like interior panels, trims, and packaging due to their strength, recyclability, and ability to withstand high temperatures. As automotive manufacturers focus on reducing vehicle weight for improved fuel efficiency and sustainability, the demand for PET resins in the automotive industry continues to grow rapidly.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Polyethylene Terephthalate - PET Resin Material Outlook: Segment Analysis

Polyethylene Terephthalate - PET Resin Market Material Segment Analysis

According to Cognitive Market Research, Glass holds the largest growing share in the Polyethylene Terephthalate (PET) Resin market due to its increasing use in packaging, particularly for beverages and food products. PET’s superior clarity, durability, and recyclability make it an ideal material for glass-like transparency and strength. Glass packaging also offers a premium look and feel, driving demand in the food and beverage industry. As sustainability trends rise, PET's recyclability and eco-friendly attributes further enhance its position as a top choice over traditional glass.

In the Polyethylene Terephthalate - PET Resin Market, the Plastic, particularly polyethylene terephthalate (PET) resin, is driving the fastest-growing segment of the PET resin market due to its widespread use in packaging, especially in beverage bottles, food containers, and textiles. PET's lightweight, durable, and recyclable properties make it a preferred material in industries like food and beverage, automotive, and consumer goods. Its ability to reduce environmental impact through recycling initiatives further contributes to the market's growth, particularly in regions with strong sustainability regulations and consumer demand for eco-friendly packaging solutions.

• Glass
• Plastics
• Metal
• Paperboards

Author's Detail

Manoj Phagare

Senior Research Analyst at Cognitive Market Research

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• Worked on several market, industry & business research projects, on various models such as Syndicated, Custom, Subscriptions and Consults
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