The ever-growing consumption of packaged food and beverages globally has etched a pathway for the amorphous polyethylene terephthalate (APET) market to gain a profitable outcome in the coming years. According to the analysis done by IndustryARC’s experts, the global APET market value crossed $32,000 million in the year 2018. As per the evaluation, the demand will propel at a CAGR of 7.60% during the forecast period of 2019-2025.
The report is titled “Amorphous Polyethylene Terephthalate Market: Strategic Analysis (Pricing, Opportunity & SWOT Analysis, Others); By Application (Film Sheets, PET Bottles, Others); By Additives (Chain Extenders, Stabilizers, Others); By End Users & By Geography – Forecast (2019-2025).” It proffers full-fledged analysis of the market and niche opportunities for the participants and stockholders.
Global Amorphous Polyethylene Terephthalate Market: Demand Analysis
Amorphous polyethylene terephthalate (PET) is a thermoplastic polymer resin subjected to high utilization in varied industrial sectors including automotive, food and beverage, chemical, and textile industries as well as in solar panels and 3D printing. PET is formed by a reaction between ethylene glycol and dimethyl terephthalate (DMT) and can retain temperature from -60 –to 130 degree Celsius. APET films are non-toxic with great strength and crack-proof quality enabling it to emerge as a substitute matter for glass products. PET is one of the most prominent ingredients in the market of the polymer. It is completely recyclable and all PET products are marked with unique resin identification code (RIC) to get easily recognized.
Global Amorphous Polyethylene Terephthalate Market: Leading Segments
APAC is the prime region in the global APET market owing to the incrementing exponential rate of food and beverage industries. Increasing population is another contributing factor to the cause of growing demand for APET in this region. APAC held the regional share of 53% in the year 2018.
APAC region has a formidable population growing rapidly every year. This evokes a constant pressure on the overall food and beverage production providing impetus to the rising APET market for food and beverage packaging. High reliability, light weight, durability, and chemically resistant features along with being safe on food contact makes it an ideal packaging material. APAC stands out with a projected CAGR of 10% through to 2025 for APET market demand.
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Global Amorphous Polyethylene Terephthalate Market: Disruptive Trends
Alternative to Glass
APET has come up as an alternative to glass containers in the global market and is set-up to outpace the fragile glass packaging with modern lightweight, robust and highly efficient packaging benefits. APET packaging provides a moisture barrier, heat resistance, and shatterproof features to the products, yielding lucrative outcomes for the manufacturing companies. Resultantly there is a higher demand from the food and beverage companies fuelling the global APET market growth.
Biodegradable and Eco-Friendly Bottles
Coca Cola utilizes bottles with 25% recycled and 75% fresh PET for packaging its beverage. The biodegradability of PET makes it an essential packaging material with huge demand globally. With new techniques arriving in the market, Coca Cola has developed plant-based PET and yields completely recyclable plastic bottles. With this off-the-shelf innovation, the opportunities for APET market will grow at an exceedingly higher rate for the carbonated soft drinks (CSD) industry.
Safer Food Packaging
PET has been recognized as a safe packaging material and approved by the FDA. Oxidation impermeability protects the food from any contact with moisture and retains the natural essence of the food products. APET films provide blockage to germs and achieve an ideal role in the food packaging industry.
Light Weight Textile Products
The textile industry has been using APET in evolving newer materials including carpets, rope, bag packs, umbrellas, jackets, and many more. The light-weight durable APET offers waterproof, tear-resistant, wrinkle free, and flexible effect to the fabrics resultantly emphasizing on quality yield products for the end users.
A. Polymers Market
B. Biaxially Oriented Polyethylene Terephthalate Market
What can you expect from the report?
The Amorphous Polyethylene Terephthalate Market is Prepared with the Main Agenda to Cover the following 20 points:
1. Amorphous Polyethylene Terephthalate Market Size by Product Categories & Application
2. Amorphous Polyethylene Terephthalate Market trends & Relevant Market Data
3. Manufacturer Landscape
4. Distributor Landscape
5. Pricing Analysis
6. Top 10 End-user Analysis
7. Product Benchmarking
8. Product Developments
9. Mergers & Acquisition Analysis
10. Patent Analysis
11. Amorphous Polyethylene Terephthalate Market Demand Analysis (Revenue & Volume)
12. Country-level Analysis
13. Competitor Analysis
14. Amorphous Polyethylene Terephthalate Market Shares Analysis
15. Value Chain Analysis
16. Supply Chain Analysis
17. Amorphous Polyethylene Terephthalate Market Strategic Analysis
18. Amorphous Polyethylene Terephthalate Market Current & Future Market Landscape Analysis
19. Opportunity Analysis
20. Amorphous Polyethylene Terephthalate Market Revenue and Volume Analysis
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