The global amorphous polyethylene terephthalate market size is estimated at USD 41.4 billion in 2021 and is projected to reach USD 59.1 billion by 2026, at a CAGR of 7.4%, between 2021 and 2026. Growth in the amorphous polyethylene terephthalate market can primarily be attributed to the growing involvement of amorphous polyethylene terephthalate in the pai pharmaceuticals and food & beverage, cosmetics, automotive, among others.
There is a continual demand from the food & beverage, automotive and personal care industry. Along with its great transparency, which is similar to that of glass, amorphous PET is used to make bottles and packaging.
It has excellent strength and stiffness, as well as clear visibility and minimal creep qualities, making it ideal for food packaging. Amorphous polyethylene terephthalate film is exceptionally eco-friendly as it is non-toxic and recyclable.
It is ubiquitous in the food & beverage industry and graphics/print sectors, but it is also useful in a variety of other settings. Packaging boxes, stationery, face shields, vacuum forming, fold molding, high-frequency sealing, and other applications employ amorphous polyethylene terephthalate.
These are the key factors driving the demand for amorphous polyethylene terephthalate during the forecast period.
On the basis of application, the market is segmented into bottles, films/sheets, food packaging, and others. The bottles application segment led the application segment of the market in terms of both value and volume.
This is because due to the high transparency of amorphous polyethylene terephthalate, which is very similar to that of glass
On the basis of ens-use industry, the market is segmented into food & beverage, pharmaceuticals, and others.
The food & beverage application segment led the market in terms of both value and volume.
Changing lifestyles and busy schedules of the working-class population across the globe have driven the market for on-the-go food items, which is leading to the increased demand for packaging materials made of amorphous polyethylene terephthalate from the global food & beverage industry. Amorphous polyethylene terephthalate packaging reduces chances of leakage and extends the shelf life of packaged products.
Download PDF Brochure :
The Asia Pacific region is projected to be the largest market, in terms of value. Asia Pacific is also expected to grow at the highest CAGR during the forecast period.
The growth of Asia Pacific region can be attributed to the high economic growth rate of the region and different food habits of people across different countries of the region. In addition, the growing population of the region presents a huge customer base for fast-moving consumer goods (FMCG) products and packaged food & beverages, which, in turn, is expected to lead to the growth of the amorphous polyethylene terephthalate market during the forecast period.
Owing to the increasing income of people in this region, the demand for high-end packaging products for food & beverage, and pharmaceutical, has been growing rapidly. Apart from the food & beverage industry, the region also exhibits significant opportunities in the packaging industry, which is expected to drive the market.
These factors are expected to support the growth of this regional market during the forecast period.
News From
MarketsandMarkets™
Category: Industry Reports & Market Analysis Profile: About MarketsandMarkets™ MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report. MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients. Earlier this year, w …
This email address is being protected from spambots. You need JavaScript enabled to view it.
