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) Read More

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. Read More

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). Read More

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. Read More

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. Read More

Amorphous Polyethylene Terephthalate Market Trends

Statistics for the 2023 & 2024 Amorphous Polyethylene Terephthalate market trends, created by Mordor Intelligence™ Industry Reports. Amorphous Polyethylene Terephthalate trend report includes a market forecast to 2029 and historical overview. Get a sample of this industry trends analysis as a free report PDF download.

Market Trends of Amorphous Polyethylene Terephthalate Industry

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.

Amorphous Polyethylene Terephthalate Market, Revenue (%), by End-user Industry, Global, 2019

Understand The Key Trends Shaping This Market

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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.