Amorphous Polyethylene Terephthalate (APET) Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 4.00 % |
| Fastest Growing Market | Europe |
| Largest Market | Asia Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Amorphous Polyethylene Terephthalate (APET) Market Analysis
The market for Amorphous Polyethylene Terephthalate is expected to grow at a CAGR of 4 % globally during the forecast period. Major factors driving the market studied are increasing application in the food & beverage industry and growing demand owing to its wide range of applications. On the flip side, stringent environmental regulations and the negative impact of COVID-19 outbreak on the market are expected to hinder the growth of the market studied.
- Increasing demand owing to the wide range of applications in food packaging, and other applications are expected to drive the market for an amorphous polyethylene terephthalate market during the forecast period.
- Asia-Pacific is expected to dominate the market across the globe with the largest consumption coming from China, Japan, and India
Amorphous Polyethylene Terephthalate (APET) Market Trends
This section covers the major market trends shaping the Amorphous Polyethylene Terephthalate Market according to our research experts:
Increasing Application in Food & Beverage Industry
- Amorphous Polyethylene Terephthalate (APET) is a product of the polyester family. It is strong, durable, environment-friendly, and has a very high clarity with excellent water barrier properties.
- In the Food & Beverage Industry, Amorphous PET finds application in making bottles for packaging water, carbonated soft drinks, alcoholic beverages, and other edibles.
- APET is generally clear and translucent, available up to a thickness range of 0.030 inches depending upon the application.
- Amorphous PET has superior properties like outstanding moisture and gas barrier properties, tensile properties due to which its application in the food & beverage industry has been increasing.
- Hence, owing to the growing application of Amorphous PET in the food & beverage industry especially in Asia-Pacific region, the demand for Amorphous PET 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 amorphous PET during the forecast period. Due to the high demand from countries like China, India, and Japan the market for amorphous PET has been increasing.
- The largest producers of amorphous PET are located in the Asia-Pacific region. Some of the leading companies in the production of amorphous PET are Shahid Tondgooyan Petrochemical Co, Reliance Industries Limited, LOTTE Chemical CORPORATION, MPI Polyester Industries, OCTAL.
- Apart from the food and beverage industry, amorphous PET also finds applications in pharmaceutical blister packaging, clamshell packaging, and others.
- In India, about 296 cold chain projects in food processing have been approved in 2019, increasing the scope of application of amorphous PET in its packaging applications
- 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 blister packaging where amorphous PET is used.
- The aforementioned factors, coupled with government support, are contributing to the increasing demand for Amorphous PET market during the forecast period.
Amorphous Polyethylene Terephthalate (APET) Industry Overview
The global Amorphous PET market is fragmented, with players accounting for a marginal share in the market. Some of the major companies include Zhejiang Zhink Group Co., Ltd , Reliance Industries Limited, LOTTE Chemical CORPORATION, MPI Polyester Industries, OCTAL.
Amorphous Polyethylene Terephthalate (APET) Market Leaders
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Zhejiang Zhink Group Co., Ltd
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Reliance Industries Limited
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OCTAL
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MPI Polyester Industries
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LOTTE Chemical CORPORATION
*Disclaimer: Major Players sorted in no particular order
Amorphous Polyethylene Terephthalate (APET) Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
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4.1 Drivers
- 4.1.1 Increasing Application in Food & Beverage Industry
- 4.1.2 Growing Application Owing to its Wide Range of Applications
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4.2 Restraints
- 4.2.1 Stringent Environmental Regulations
- 4.2.2 Negative Impact of COVID-19 Outbreak on the Market
- 4.3 Industry Value Chain Analysis
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4.4 Porters Five Forces Analysis
- 4.4.1 Threat of New Entrants
- 4.4.2 Bargaining Power of Buyers
- 4.4.3 Bargaining Power of Suppliers
- 4.4.4 Threat of Substitute Products
- 4.4.5 Degree of Competition
- 4.5 Feedstock Analysis
- 4.6 Technological Snapshot
5. MARKET SEGMENTATION
-
5.1 Application
- 5.1.1 Bottles
- 5.1.2 Films/Sheets
- 5.1.3 Clam Shell Packaging
- 5.1.4 Pharmaceutical Blister Packaging
- 5.1.5 Others
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5.2 End-user Industry
- 5.2.1 Food & Beverage
- 5.2.2 Pharmaceutical
- 5.2.3 Consumer Goods
- 5.2.4 Others
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5.3 Geography
- 5.3.1 Asia-Pacific
- 5.3.1.1 China
- 5.3.1.2 India
- 5.3.1.3 Japan
- 5.3.1.4 South Korea
- 5.3.1.5 Rest of Asia-Pacific
- 5.3.2 North America
- 5.3.2.1 United States
- 5.3.2.2 Canada
- 5.3.2.3 Mexico
- 5.3.3 Europe
- 5.3.3.1 Germany
- 5.3.3.2 United Kingdom
- 5.3.3.3 France
- 5.3.3.4 Italy
- 5.3.3.5 Rest of Europe
- 5.3.4 South America
- 5.3.4.1 Brazil
- 5.3.4.2 Argentina
- 5.3.4.3 Rest of South America
- 5.3.5 Middle-East and Africa
- 5.3.5.1 Saudi Arabia
- 5.3.5.2 South Africa
- 5.3.5.3 Rest of Middle-East and Africa
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
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6.4 Company Profiles
- 6.4.1 AVI Global Plast
- 6.4.2 Indorama Ventures Public Company Limited
- 6.4.3 LOTTE Chemical CORPORATION
- 6.4.4 MPI Polyester Industries
- 6.4.5 NEO GROUP
- 6.4.6 NOVAPET
- 6.4.7 OCTAL
- 6.4.8 PolyQuest
- 6.4.9 Reliance Industries Limited
- 6.4.10 Shahid Tondgooyan Petrochemical Co
- 6.4.11 Zhejiang Zhink Group Co., Ltd
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Amorphous Polyethylene Terephthalate (APET) Industry Segmentation
The Amorphous Polyethylene Terephthalate Market report includes:
| Application | Bottles | |
| Films/Sheets | ||
| Clam Shell Packaging | ||
| Pharmaceutical Blister Packaging | ||
| Others | ||
| End-user Industry | Food & Beverage | |
| Pharmaceutical | ||
| Consumer Goods | ||
| Others | ||
| Geography | Asia-Pacific | China |
| India | ||
| Japan | ||
| South Korea | ||
| Rest of Asia-Pacific | ||
| Geography | North America | United States |
| Canada | ||
| Mexico | ||
| Geography | Europe | Germany |
| United Kingdom | ||
| France | ||
| Italy | ||
| Rest of Europe | ||
| Geography | South America | Brazil |
| Argentina | ||
| Rest of South America | ||
| Geography | Middle-East and Africa | Saudi Arabia |
| South Africa | ||
| Rest of Middle-East and Africa |
Amorphous Polyethylene Terephthalate (APET) Market Research FAQs
What is the current Amorphous Polyethylene Terephthalate Market size?
The Amorphous Polyethylene Terephthalate Market is projected to register a CAGR of 4% during the forecast period (2024-2029)
Who are the key players in Amorphous Polyethylene Terephthalate Market?
Zhejiang Zhink Group Co., Ltd , Reliance Industries Limited , OCTAL, MPI Polyester Industries and LOTTE Chemical CORPORATION are the major companies operating in the Amorphous Polyethylene Terephthalate Market.
Which is the fastest growing region in Amorphous Polyethylene Terephthalate Market?
Europe is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Amorphous Polyethylene Terephthalate Market?
In 2024, the Asia Pacific accounts for the largest market share in Amorphous Polyethylene Terephthalate Market.
What years does this Amorphous Polyethylene Terephthalate Market cover?
The report covers the Amorphous Polyethylene Terephthalate Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Amorphous Polyethylene Terephthalate Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Amorphous Polyethylene Terephthalate Industry Report
Statistics for the 2024 Amorphous Polyethylene Terephthalate market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Amorphous Polyethylene Terephthalate analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
