DUBLIN--(BUSINESS WIRE)--The "Global Polyethylene Terephthalate Market - Segmented by Application, Product Type and Geography - Growth, Trends and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.
The Global Polyethylene Terephthalate market is estimated to register a significant CAGR during the forecast period.
PET is recycle-friendly as its polymer chains breakdown at a low temperature, resulting in minimal degradation of the polymer chain during the recycling process. This ensures PET to be recycled numerous times before it becomes unfeasible for further recycling. This feature further improves PET's sustainability for recovering and reusing resources and energy. This loop of recycling PET bottles into food-grade containers is one of the most desirable means of extending environmental benefits and the sustainability of PET as a packaging material.
PET is the chosen polymer to pack a wide variety of products viz. food, beverages, cosmetics, pharmaceuticals, household chemicals, and toiletries. PET bottles are widely used as packaging materials for consumable products owing to their excellent moisture and water barrier characteristics.
The PET market in the Asia-Pacific region is driven by the factors, such as population growth, rise in disposable income, urbanization in developing economies, and growing demand for fast moving consumer goods. China accounted for approximately 20% of the global market and the demand is expected to grow drastically during the forecast period. In China, the bottles segment dominated the regional market with the bottled water sector being the largest consumer of PET bottles.
- China Resources Chemicals
- M&G Group
- Far Eastern
- Hengyi Group
- Zhejiang Zhink
- Xiang Lu Tenglong
Key Topics Covered:
2. Executive Summary
3. Market Insights
4. Market Dynamics
5. Market Segmentation and Analysis
6. Future of the Market
7. Regional Market Analysis
8. Competitive Landscape
9. Company Profiles
For more information about this report visit https://www.researchandmarkets.com/research/bqpzxr/global?w=4