The Latest Polyethylene Terephthalate Industry Statistics Explained
The global Polyethylene Terephthalate (PET) market size was valued at USD 60.62 billion in 2019.
The statistic regarding the global Polyethylene Terephthalate (PET) market size of USD 60.62 billion in 2019 indicates the total value of all PET products sold worldwide during that year. This figure serves as a key indicator of the market’s economic significance and growth potential, reflecting the demand for PET materials in various industries such as packaging, textiles, and beverages. Understanding the market size provides valuable insights for businesses, policymakers, and investors to make informed decisions regarding investments, production, and market strategies within the PET industry.
The global PET market is projected to grow at a CAGR of approximately 7.6% by 2027.
The statistic indicates that the global PET (polyethylene terephthalate) market is expected to experience a Compound Annual Growth Rate (CAGR) of around 7.6% over the forecast period until 2027. This suggests a steady and significant expansion in the demand and production of PET, a commonly used polymer in the packaging industry and other sectors. The projected growth rate implies that the market is likely to see increased investments, innovations, and market opportunities, driven by factors such as rising consumer demand for packaged goods, technological advancements in PET production, and sustainability concerns favoring PET as a recyclable material.
In 2019, the PET segment had a market share of 30% in terms of revenue in the plastic industry.
The statistic indicating that in 2019, the PET segment held a market share of 30% in terms of revenue within the plastic industry suggests that PET (polyethylene terephthalate) products accounted for a significant portion of the total revenue generated by the industry during that year. This market share figure implies that PET-based products, commonly used for items such as beverage bottles and food packaging, were in high demand and were major contributors to the overall financial performance of the plastic industry. Companies operating within the PET segment likely had a strong presence in the market and were key players in driving industry growth and profitability in 2019.
The beverage packaging segment accounted for 65% of the PET market demand in 2019.
The statistic indicates that in 2019, the beverage packaging segment was responsible for 65% of the total demand for PET (polyethylene terephthalate) in the market. This suggests that a significant portion of the demand for PET, a commonly used material in packaging, was driven by the beverage industry. The high percentage reflects the widespread use of PET in manufacturing bottles, containers, and other packaging materials for beverages such as water, soft drinks, and juices. This information is valuable for market analysis, as it highlights the importance of the beverage packaging sector as a key driver of demand for PET products in 2019.
The Asia Pacific region dominates the market with a share of 45.6% in 2019.
The statistic indicates that the Asia Pacific region held the largest market share, accounting for 45.6% of the total market in 2019. This domination suggests that the Asia Pacific region has a significant influence on the market dynamics and plays a pivotal role in shaping global trends and outcomes. Companies operating in this region likely have a competitive advantage due to the region’s market size and consumer base. This statistic also suggests that businesses targeting this region should consider the unique market characteristics and consumer preferences in the Asia Pacific region to maximize their market potential and successfully expand their operations.
China alone accounted for over 30% of the global PET consumption in 2018.
This statistic indicates that China’s consumption of PET (polyethylene terephthalate), a commonly used type of plastic, comprised more than 30% of the total worldwide consumption in 2018. This showcases China’s significant role in the global market for PET products. The high level of consumption in China reflects its large population, growing economy, and increasing demand for consumer goods packaged in PET containers such as beverages, food products, and personal care items. Additionally, this statistic highlights China’s influence on the global plastic industry and its impact on environmental sustainability efforts given the concerns surrounding plastic pollution and waste management.
The PET bottle and packaging market had a value of USD 57.64 billion in 2020 and projected to reach USD 68.0 billion by 2025.
The statistic you provided indicates that the PET bottle and packaging market was valued at USD 57.64 billion in 2020 and is expected to grow to USD 68.0 billion by 2025. This represents a projected increase in market size over a 5-year period. The growth trend suggests that there is a growing demand for PET bottles and packaging materials, likely driven by factors such as increasing consumer preference for convenient and lightweight packaging solutions, as well as the recyclability and sustainability of PET materials. This growth projection also indicates opportunities for businesses operating in the PET bottle and packaging industry to expand their market presence and capitalize on the expected market growth in the coming years.
By 2025, the food & beverages segment is expected to reach USD 60 billion in the PET packaging market.
The statistic indicates that the food & beverages segment within the PET packaging market is projected to grow significantly by the year 2025, reaching a value of USD 60 billion. This suggests a strong demand for PET packaging within the food and beverage industry, likely driven by factors such as increasing consumer preference for convenient and sustainable packaging solutions. The estimated market value reflects the anticipated growth and expansion of PET packaging applications specifically within the food and beverages sector, highlighting the importance of this market segment in driving the overall growth of the PET packaging industry.
Recycled PET Market is expected to grow at a CAGR of 7.9% during the forecast period of 2020-2025.
This statistic indicates that the Recycled PET (Polyethylene Terephthalate) Market is projected to expand at a compound annual growth rate (CAGR) of 7.9% over the period spanning from 2020 to 2025. This growth rate represents the average annual growth percentage over the forecasted period. A CAGR of 7.9% suggests a steady and significant increase in the market size and demand for recycled PET products. This growth may be driven by factors such as increasing awareness of sustainability, rising environmental concerns, and regulatory initiatives promoting the use of recycled materials. Additionally, it implies potential opportunities for industry players, investors, and stakeholders operating within the recycled PET market during the specified forecast timeline.
Europe PET market is to grow at a CAGR of over 4.5% during the forecast period of 2020-2025.
The statistic indicates that the Europe PET (polyethylene terephthalate) market is expected to experience a Compound Annual Growth Rate (CAGR) of over 4.5% between the years 2020 and 2025. This growth rate suggests that the demand for PET products in Europe is projected to increase steadily over the forecast period. Factors driving this growth could include a rise in consumer preference for PET packaging materials due to their recyclability and sustainability, as well as increasing applications in various industries such as food and beverage, healthcare, and textiles. The CAGR provides a measure of the market’s overall growth trajectory, indicating a positive outlook for the Europe PET market in the coming years.
The demand for PET in the Latin American market is expected to rise at a CAGR of 5.8% during 2019-2024.
This statistic indicates that the demand for polyethylene terephthalate (PET) in the Latin American market is projected to increase at a Compound Annual Growth Rate (CAGR) of 5.8% over the period from 2019 to 2024. This suggests a steady and substantial growth trend in the consumption of PET in the region, driven by factors such as population growth, changing consumer preferences, and increased usage of PET in various industries such as packaging, textiles, and automotive. The CAGR metric provides a useful measure to understand the overall growth trajectory over the specified time frame, allowing businesses and policymakers to anticipate and plan for this expected increase in demand.
PET bottle consumption was over 500 billion units in 2019 globally.
The statistic ‘PET bottle consumption was over 500 billion units in 2019 globally’ indicates the significant scale of plastic bottle usage across the world during that year. PET (polyethylene terephthalate) bottles are commonly used for packaging beverages, personal care products, and household items due to their lightweight, durable, and recyclable properties. The consumption of over 500 billion units suggests a widespread reliance on PET bottles for packaging needs worldwide, highlighting the magnitude of their environmental impact in terms of waste generation, recycling challenges, and potential contributions to plastic pollution if not managed effectively. This statistic underscores the importance of sustainable practices and innovations in the packaging industry to address the environmental concerns associated with plastic bottle consumption on a global scale.
The market size of Polyethylene Terephthalate Glycol (PETG) was estimated at USD 560 million in 2019.
The statistic indicating that the market size of Polyethylene Terephthalate Glycol (PETG) was estimated at USD 560 million in 2019 represents the total value of sales for PETG products within that year. Market size is a key metric used in market research and business analysis to quantify the demand for a specific product or industry sector. In this context, the USD 560 million figure illustrates the economic significance and scale of the PETG market, providing valuable insights for businesses, investors, and policymakers to understand the size of the industry, assess growth potential, and make informed decisions related to market strategies, investments, and resource allocation.
The PETG market is projected to reach USD 841.6 million by 2026.
This statistic refers to a projection of the total market size for the PETG (polyethylene terephthalate glycol-modified) material industry, indicating that the market is expected to grow to USD 841.6 million by the year 2026. This forecast suggests an anticipated increase in demand for PETG, likely driven by factors such as expanded applications in industries like packaging, automotive, and electronics. The figure serves as a key indicator for investors, manufacturers, and other stakeholders, providing insights into potential opportunities and the overall growth trajectory of the PETG market over the specified time frame.
The carbonated soft drink packaging sector will demonstrate a CAGR of 2.9% from 2020-2027 in PET market.
This statistic indicates that the carbonated soft drink packaging sector is expected to experience a Compound Annual Growth Rate (CAGR) of 2.9% in the PET (Polyethylene Terephthalate) market from 2020 to 2027. This suggests that the demand for PET packaging within the carbonated soft drink industry is projected to increase steadily throughout this period. The CAGR of 2.9% represents the average annual growth rate over the specified time frame, reflecting a positive trend in the market for PET packaging used in carbonated soft drink products.
In 2020, PET material represented 67.0% of the overall rPET market.
The statistic “In 2020, PET material represented 67.0% of the overall rPET market” indicates that in the year 2020, Polyethylene Terephthalate (PET) material constituted approximately 67.0% of the total recycled Polyethylene Terephthalate (rPET) market. This suggests that PET was the dominant material used for recycling into rPET products during that year, showcasing its prevalence and significance within the market. This statistic provides insight into the composition and dynamics of the rPET market, highlighting the popularity and utilization of PET material for recycling purposes in 2020.
By 2022, the Japanese PET bottle market is projected to register a size of $12.6 billion.
The statistic stating that the Japanese PET bottle market is projected to reach a size of $12.6 billion by 2022 indicates the estimated total value of sales made within the PET bottle industry in Japan for that specific year. This projection gives insights into the expected market size in terms of revenue generated from the production, sale, and consumption of PET bottles. The figure serves as a valuable indicator for businesses, policymakers, and investors, providing them with a glimpse of the economic significance and growth potential of the Japanese PET bottle market in the coming year. It also reflects the demand for PET bottles in various sectors such as beverage packaging, household products, and personal care items, highlighting the country’s consumption patterns and economic vitality within this specific industry.
Conclusion
Based on the analysis of Polyethylene Terephthalate industry statistics, it is evident that the market is experiencing significant growth and opportunities for expansion. With increasing demand for PET products and innovative applications, companies in the industry have a bright future ahead. Stay tuned for more updates and insights on the PET industry trends.
References
0. – https://www.www.plasticsinsight.com
1. – https://www.www.mordorintelligence.com
2. – https://www.www.reportsanddata.com
3. – https://www.www.marketdataforecast.com
4. – https://www.www.grandviewresearch.com
5. – https://www.www.researchandmarkets.com
6. – https://www.www.globenewswire.com
7. – https://www.www.industryarc.com
8. – https://www.www.prnewswire.com
9. – https://www.www.gminsights.com
