Worldwide Crystalline Polyethylene Terephthalate Industry to 2026 – Increasing Demand from the Food & Beverage Market – ResearchAndMarkets.com | Financial Buzz

Worldwide Crystalline Polyethylene Terephthalate Industry to 2026 – Increasing Demand from the Food & Beverage Market – ResearchAndMarkets.com

The “Crystalline Polyethylene Terephthalate Market – Growth, Trends, COVID-19 Impact, and Forecasts (2021 – 2026)” report has been added to ResearchAndMarkets.com’s offering.

The market for Crystalline Polyethylene Terephthalate is expected to grow at a CAGR of over 4% globally during the forecast period.

Companies Mentioned

  • ETIMEX PRIMARY PACKAGING
  • Indorama Ventures Public Company Limited
  • JBF Industries Ltd
  • Mitsubishi Chemical Advanced Materials group of companies
  • NOVAPET
  • OCTAL
  • PolyQuest
  • SABIC
  • TEIJIN LIMITED
  • Zhejiang Hengyi Group Co., Ltd

Key Market Trends

Increasing Demand from the Food & Beverage Industry

  • Crystalline polyethylene terephthalate (C-PET) is a product of the polyester family. When PET is held in the stretched form at elevated temperatures, it slowly crystallizes and starts to become opaque, more rigid and less flexible.
  • In the food & beverage industry, the C-PET application is seen in take-home, prepared-food containers, and trays that can be reheated in the oven or microwave.
  • Additionally, C-PET also finds its application in bottles made for carbonated soft drinks, alcoholic beverages, and other edibles.
  • C-PET is generally opaque and their thickness range is much higher as to withstand extreme applications.
  • C-PET has superior properties like outstanding high temperatures and is less tensile due to which its application in food & beverage industry has been increasing.
  • Hence, owing to the growing application of C-PET in food & beverage industry especially in Asia-Pacific region, the demand for Crystalline Polyethylene Terephthalate Market is expected to increase over the forecast period.

Asia-Pacific Region to Dominate the Market

  • Asia-Pacific region is expected to dominate the market for C-PET during the forecast period. Due to the high demand from countries like China, India, and Japan the market for C-PET has been rapidly increasing in the region.
  • The largest producers of C-PET are located in the Asia-Pacific region. Some of the leading companies involved in the production of C-PET in the region are – NOVAPET, SABIC, PolyQuest, Indorama Ventures Public Company Limited, and Mitsubishi Chemical Advanced Materials.
  • Apart from the food and beverage industry, the pharmaceutical industry majorly finds the application of C-PET in making sterilizing equipment like trays, lids, blood bottles, beakers, and other equipment that are extensively used.
  • In India, about 296 cold chain projects in food processing have been approved in 2019, hence increasing the scope of application of C-PET.
  • Chinese pharmaceutical industry which is valued at about ~USD 145 billion currently, represents the biggest emerging market with growth tipped to reach about ~USD 200 billion by 2022, thus increasing the scope of application of C-PET.
  • The aforementioned factors, coupled with government support, are contributing to the increasing demand for Crystalline Polyethylene Terephthalate market during the forecast period.

Key Topics Covered:

1 INTRODUCTION

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

4.1 Drivers

4.1.1 Increasing Demand from the Food & Beverage Industry

4.1.2 Other Drivers

4.2 Restraints

4.2.1 Stringent Environmental Regulations

4.2.2 Unfavorable Conditions Arising Due to COVID-19 Outbreak

4.3 Industry Value Chain Analysis

4.4 Porters Five Forces Analysis

4.5 Feedstock Analysis

4.6 Technological Snapshot

5 MARKET SEGMENTATION

5.1 Application

5.2 End-user Industry

5.3 Geography

6 COMPETITIVE LANDSCAPE

6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

6.2 Market Share (%)/Ranking Analysis

6.3 Strategies Adopted by Leading Players

6.4 Company Profiles

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

For more information about this report visit https://www.researchandmarkets.com/r/tuvele

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