Amorphous Polyethylene Terephthalate (APET) Market Size
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 39.58 Million |
| Market Size (2029) | USD 48.69 Million |
| CAGR (2024 - 2029) | 4.23 % |
| Fastest Growing Market | Europe |
| Largest Market | Asia Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Amorphous Polyethylene Terephthalate (APET) Market Analysis
The Amorphous Polyethylene Terephthalate Market size is estimated at USD 39.58 million in 2024, and is expected to reach USD 48.69 million by 2029, at a CAGR of 4.23% during the forecast period (2024-2029).
After the COVID-19 pandemic, the market recovered well following the lifting of restrictions. It rebounded significantly due to increased consumption of amorphous polyethylene terephthalate (APET) in food and beverage, pharmaceuticals, and consumer goods end-user industries.
- 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.
- On the flip side, stringent environmental regulations and the availability of alternative packaging materials are expected to hinder the growth of the market studied.
- Development of bio-based APET materials and advancemet in the APET recycling technologies are likely to act as opportunities for the market studied over the forecast period.
- Asia-Pacific accounted for the highest market share, and the region is likely to dominate the market during the forecast period.
Amorphous Polyethylene Terephthalate (APET) Market Trends
Food & Beverage Industry to Dominate the Market
- Amorphous Polyethylene Terephthalate (APET) is non-toxic, therefore it is a popular choice for food and drinks packaging. Apart from that, it possesses various performance characteristics such as high gloss, durability and toughness, good gas barrier properties, good chemical resistance, low moisture absorption, food compatibility, and fully recyclable.
- 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 barrier properties, and tensile properties due to which its application in the food & beverage industry has been increasing.
- Asia-Pacific is expected to have the highest demand for Food and Beverage, which is expected to increase by 5.5% in 2024 in the region. It is followed by the European region, according to the Oxford Economic Report. These factors are likely to propel the demand for A-PET the globe in the coming years.
- Food packaging is also a major consumer of release liners in the region. The European food and Drink industry reached EUR 1.1 trillion in 2023 (USD 1.21 trillion), with a value addition of EUR 229 billion (USD 252.73 billion), according to the FoodDrinkEurope.
- Apart from that, in the North America several beverage manufacturers have announced several capacity additions. For instance, in March 2024, juice manufacturer Uncle Matt鈥檚 Organic announced that it had opened a new manufacturing facility in Texas, United States, to meet the growing demand for packed juices. This is likely to support the demand for A-PET.
- Hence, owing to the growing application of Amorphous PET in the food & beverage industry in different regions worldwide, the demand for Amorphous PET is expected to increase over the forecast period.
Asia-Pacific Region to Dominates the Market
- Asia-Pacific region is expected to dominate the market for amorphous PET during the forecast period. It is majorly owing to the rapidly increasing food & beverage production in India and China.
- 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, and OCTAL.
- China is one of the largest consumers of food and beverages, and the food processing industry continues to expand in view of the growing population and rising demand for healthy and tasty packaged foods.
- According to the Institute of Export and International Trade (IOE&IT), the leading association of exporters and importers, in 2023, China鈥檚 food and drink market is estimated to record USD 1.5 trillion, whereas the beverages industry is estimated to record about USD 91.2 billion.
- According to the All India Food Processors Association, India's food and beverage packaging industry is expected to reach USD 86 billion by 2029, driven by rising disposable incomes, evolving consumption patterns and urbanisation,
- The Ministry of Food Processing Industries (MoFPI), India introduced several programs, The Production Linked Incentive Scheme for Food Processing Industry (PLISFPI), with an outlay of INR 10,900 Cr (USD 1.30 billion) implemented from 2021-22 to 2026-27 for enhancing India鈥檚 manufacturing capabilities. The scheme aids in enhancing industry capacity, incentivising strong Indian brand growth, and increasing the global presence of Indian food brands.
- The factors above are contributing to the increasing demand for amorphous polyethylene terephthalate consumption in the Asia-Pacific region.
Amorphous Polyethylene Terephthalate (APET) Industry Overview
The amorphous polyethylene terephthalate (A-PET) market is fragmented. Some of the major players (not in any particular order) in the market include Zhejiang Zhink Group Co., Ltd, Reliance Industries Limited, LOTTE Chemical CORPORATION, MPI Polyester Industries, and OCTAL, among others.
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 News
- September 2024: Alpek SAB de C.V. unveiled a new range of bio-based APET products, highlighting the company's dedication to sustainability.
- August 2024: Reliance Industries Limited rolled out a recycled APET resin, with the goal of boosting the material's recyclability and minimizing its environmental footprint.
Amorphous Polyethylene Terephthalate 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
4.1 Drivers
4.1.1 Increasing Application in Food & Beverage Industry
4.1.2 Growing Application Owing to its Wide Range of Applications
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
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
5. MARKET SEGMENTATION (Market Size in Value)
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 (Trays, Retail Display Packaging)
5.2 End-user Industry
5.2.1 Food & Beverage
5.2.2 Pharmaceutical
5.2.3 Consumer Goods
5.2.4 Others (Textiles, Automotive)
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 Malaysia
5.3.1.6 Thailand
5.3.1.7 Indonesia
5.3.1.8 Vietnam
5.3.1.9 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 Italy
5.3.3.4 France
5.3.3.5 Spain
5.3.3.6 NORDIC Countries
5.3.3.7 Turkey
5.3.3.8 Russia
5.3.3.9 Rest of Europe
5.3.4 South America
5.3.4.1 Brazil
5.3.4.2 Argentina
5.3.4.3 Colombia
5.3.4.4 Rest of South America
5.3.5 Middle-East and Africa
5.3.5.1 Saudi Arabia
5.3.5.2 Qatar
5.3.5.3 United Arab Emirates
5.3.5.4 Nigeria
5.3.5.5 Egypt
5.3.5.6 South Africa
5.3.5.7 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
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
Amorphous Polyethylene Terephthalate (A-PET) is a thermoplastic polymer resin of the polyester family easily formed using heat processes. It offers high strength and stiffness, clear visibility, and printability. Color-conferring dyes can also be formulated into PET sheets to offer various color options.
The amorphous polyethylene terephthalate market is segmented by application (bottles, films/sheets, clam shell packaging, pharmaceutical blister packaging, and other applications((Trays, Retail Display Packaging)), end-user industry (food & beverage, pharmaceuticals, consumer goods, and other end-user Industries(Textiles, Automotive)). and geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa). The report also covers the market size and forecasts for the amorphous polyethylene terephthalate market in 27 countries across the major regions. For each segment, the market sizing and forecasts are done on the basis of revenue (USD).
| Application | |
| Bottles | |
| Films/Sheets | |
| Clam Shell Packaging | |
| Pharmaceutical Blister Packaging | |
| Others (Trays, Retail Display Packaging) |
| End-user Industry | |
| Food & Beverage | |
| Pharmaceutical | |
| Consumer Goods | |
| Others (Textiles, Automotive) |
| Geography | |||||||||||
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Amorphous Polyethylene Terephthalate Market Research Faqs
How big is the Amorphous Polyethylene Terephthalate Market?
The Amorphous Polyethylene Terephthalate Market size is expected to reach USD 39.58 million in 2024 and grow at a CAGR of 4.23% to reach USD 48.69 million by 2029.
What is the current Amorphous Polyethylene Terephthalate Market size?
In 2024, the Amorphous Polyethylene Terephthalate Market size is expected to reach USD 39.58 million.
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, and what was the market size in 2023?
In 2023, the Amorphous Polyethylene Terephthalate Market size was estimated at USD 37.91 million. 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 糖心vlog传媒鈩� 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.
