(PharmaNewsWire.Com, March 19, 2020 ) The report "Amorphous Polyethylene Terephthalate Market by Application (Bottles, Films/Sheets, Food Packaging), End-use Industry (Food & Beverages, Pharmaceuticals), Region (North America, Europe, Asia Pacific, South America, Middle East & Africa) - Global Forecast to 2022", The amorphous polyethylene terephthalate (APET) market is estimated to be USD 28.86 Billion in 2017 and is projected to reach USD 40.85 Billion by 2022, at a CAGR of 7.2% during the forecast period from 2017 to 2022. The growth of the amorphous polyethylene terephthalate (APET) market can be attributed to the increasing demand for packaging materials manufactured from amorphous polyethylene terephthalate from the food & beverages industry. Moreover, the increasing purchasing power of consumers, changing lifestyle and food habits of masses, and growing popularity of ready-to-eat food items across the globe are also fueling the growth of the amorphous polyethylene terephthalate (APET) market.
In terms of value, the bottles application segment of the amorphous polyethylene terephthalate (APET) market is projected to grow at the highest CAGR during the forecast period.
The bottles application segment of the amorphous polyethylene terephthalate (APET) market is projected to grow at the highest CAGR in terms of value 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.
In terms of value, the food & beverages end-use industry segment is projected to lead the amorphous polyethylene terephthalate (APET) market from 2017 to 2022.
The food & beverages end-use industry segment is projected to lead the amorphous polyethylene terephthalate (APET) market in terms of value during the forecast period. The increased demand for bottles, containers, and trays, among others, manufactured from amorphous polyethylene terephthalate for packaging food items & beverages, is fueling the growth of the food & beverages end-use industry segment of the market. 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.
Browse in-depth TOC on "Amorphous Polyethylene Terephthalate Market” 91 - Market Data Tables 35 - Figures 145 - Pages
In terms of value, the Asia Pacific amorphous polyethylene terephthalate (APET) market is projected to grow at the highest CAGR during the forecast period.
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.
Some of the key players in the amorphous polyethylene terephthalate (APET) market are Reliance Industries Limited (India), Indorama Ventures Public Company Limited (Thailand), Covestro AG (Germany), Far Eastern New Century Corporation (Taiwan), M&G Chemicals (Luxembourg), Jiangsu Sanfangxiang Group Co., Ltd. (China), JBF Industries Ltd. (India), Nan Ya Plastics Corporation (Taiwan), Polisan Holding (Turkey), DAK Americas (Mexico), INVISTA (US), Sinopec Yizheng Chemical Fibre Company Limited (China), PlastiVerd (Spain), Quadrant AG (Switzerland), Teijin Limited (China), NOVAPET S.A. (Spain), OCTAL (Oman), UAB NEO GROUP (Lithuania), Shahid Tondgooyan Petrochemical Company (Iran), China Resources Packaging Materials Co., Ltd. (China), MPI Polyester Industries (Malaysia), Lotte Chemicals (South Korea), Petro Polymer Shargh (Iran), Equipolymers (Germany), and Dhunseri Petrochem Limited (India).
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