info@marketresearchfuture.com   📞  +1 (855) 661-4441(US)   📞  +44 1720 412 167(UK)
Certified Global Research Member
Isomar fd.webp Wcrc 57.webp
Key Questions Answered
  • Global Market Outlook
  • In-depth analysis of global and regional trends
  • Analyze and identify the major players in the market, their market share, key developments, etc.
  • To understand the capability of the major players based on products offered, financials, and strategies.
  • Identify disrupting products, companies, and trends.
  • To identify opportunities in the market.
  • Analyze the key challenges in the market.
  • Analyze the regional penetration of players, products, and services in the market.
  • Comparison of major players’ financial performance.
  • Evaluate strategies adopted by major players.
  • Recommendations
Why Choose Market Research Future?
  • Vigorous research methodologies for specific market.
  • Knowledge partners across the globe
  • Large network of partner consultants.
  • Ever-increasing/ Escalating data base with quarterly monitoring of various markets
  • Trusted by fortune 500 companies/startups/ universities/organizations
  • Large database of 5000+ markets reports.
  • Effective and prompt pre- and post-sales support.

Amorphous Polyethylene Terephthalate Market Size

ID: MRFR//4480-HCR | 100 Pages | Author: Priya Nagrale| November 2024

The Amorphous Polyethylene Terephthalate (APET) market is influenced by a myriad of factors that collectively shape its dynamics. One of the primary drivers is the increasing demand for sustainable packaging solutions. With growing environmental awareness, consumers and industries alike are seeking alternatives that reduce the ecological footprint. APET, being recyclable and possessing favorable barrier properties, has gained traction as a preferred material for packaging applications. Amorphous polyethylene terephthalate (APET) market is expected to grow USD 62 billion CAGR 7.30% during the forecast 2021-2030.

Moreover, the packaging industry's overall growth plays a pivotal role in influencing the APET market. As consumer preferences evolve, there is a rising demand for innovative and visually appealing packaging solutions. APET's versatility allows manufacturers to create aesthetically pleasing packaging designs while maintaining product integrity. This adaptability positions APET as a favored choice in sectors such as food and beverage, cosmetics, and pharmaceuticals.

Global economic conditions also significantly impact the APET market. Fluctuations in currency exchange rates, inflation, and overall economic stability can affect the production costs and pricing of APET products. Economic downturns may lead to a shift in consumer spending patterns, influencing the demand for APET-based goods.

Technological advancements and innovations in the production processes contribute to the market's evolution. Continuous efforts to enhance the properties of APET, such as its mechanical strength and thermal stability, drive research and development activities. As manufacturers introduce improved formulations, the market experiences changes in product offerings and competitiveness.

Government regulations and policies related to plastic usage and recycling further shape the APET market. Increasing emphasis on environmental sustainability has led to the implementation of stricter regulations regarding single-use plastics. Governments worldwide are promoting the use of recyclable materials, and APET aligns with these initiatives, fostering its adoption in various industries.

The availability and pricing of raw materials constitute another crucial factor influencing the APET market. PET (Polyethylene Terephthalate), a key raw material for APET, is derived from petroleum-based sources. Fluctuations in oil prices directly impact the production costs of APET. Additionally, the accessibility of PET feedstock and the development of alternative, sustainable sources can influence the market dynamics.

Consumer awareness and preferences regarding health and safety considerations also contribute to the APET market landscape. As consumers become more conscious of the materials used in packaging, there is an increasing demand for products that are free from harmful substances. APET's compliance with food safety regulations and its inert nature make it a suitable choice for packaging food and beverages.

Competitive dynamics within the APET market play a pivotal role in shaping its trajectory. Market players engage in strategies such as mergers, acquisitions, collaborations, and product innovations to gain a competitive edge. The level of competition, market share, and the ability to meet evolving customer demands contribute to the overall market structure.

Global trends, such as the rise of e-commerce, influence the packaging requirements and subsequently impact the APET market. The surge in online shopping has led to a greater need for durable and protective packaging solutions. APET's ability to provide a balance between strength and flexibility positions it as a suitable choice for packaging goods during transportation.

Covered Aspects:

Report Attribute/Metric Details
Growth Rate   7.30% 2030


Amorphous Polyethylene Terephthalate Market Overview 


Amorphous polyethylene terephthalate (APET) market is expected to grow USD 62 billion CAGR 7.30% during the forecast 2021-2030. Amorphous polyethylene terephthalate is a type of plastic material with glass-like properties. It is created by extruding polyethylene terephthalate (PET). Because of its superior mechanical and physical properties, this material is commonly used for packaging carbonated soft drinks (CSD), juices, and water; personal care products; and pharmaceuticals, among other products. As an effective barrier to oxygen, nitrogen, and carbon dioxide, amorphous polyethylene terephthalate is suitable for modified atmosphere packaging (MAP).The growing demand for amorphous polyethylene terephthalate from the food and beverage industries is driving the global amorphous polyethylene terephthalate market. The market is expected to expand over time as a result of rising demand for ready-to-eat food products as well as approval from the United States Food and Drug Administration for food packaging. Furthermore, rising demand for APET in other industries such as textile, automotive, and electronics due to its high tensile strength and lightweight is expected to drive product demand.

Global Amorphous Polyethylene Terephthalate, by the End-Use Industry (%)


 Amorphous Polyethylene Terephthalate


Source: MRFR analysis


Regional Analysis


The global amorphous polyethylene terephthalate market is segmented into five regions namely Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa.


Asia Pacific accounted for a major market share in the global amorphous polyethylene terephthalate market in 2016 owing to the high demand from major end-use industries such as food & beverage, automotive, electronics, and textiles in this region. This growth is attributed to the expanding packaging industry in countries such as China, India, and Japan.


North America was the second largest region in the global amorphous polyethylene terephthalate market on account of the high demand from the food & beverage industries in the U.S. and Canada. High penetration of the APET in cosmetics, personal care products, and pharmaceuticals is another major driver of the market in the region.


Europe is expected to showcase a significant growth due to the extensive use of the product in various end-use industries such as pharmaceuticals, automotive, and electrical & electronics in the region.


The shifting trends towards the processed food consumption and growing automotive industry are anticipated to drive the market growth in Latin America.


The Middle East & Africa region is projected to witness a considerable growth over the assessment period on the backdrop of the expanding yet untapped market exploration.


Segmentation


The global amorphous polyethylene terephthalate market is segmented by additives, application, end-use industry, and region.


On the basis of the additives, it is segmented into chain extenders, nucleating agents, solid stating accelerators, nucleating agents, impact modifiers, and others.


Based on the applications, the global market is segmented into bottles, packaging, gear housings, seats & engine covers, and others.


By end-use industries, the market is segmented into food & beverage, pharmaceuticals, automotive, textiles, electronics & electrical, and others.


Key Players


Some of the leading manufacturers operating in the global amorphous polyethylene terephthalate market are JBF Industries Ltd. (India), Reliance Industries Limited (India), China Petroleum & Chemical Corporation (China), Covestro AG (Germany), Jiangsu Sanfangxiang Group Co., Ltd. (China), M&G Chemicals (Italy), Petro Polymer Shargh (Iran), the Quadrant group of companies (Switzerland),  LOTTE Chemical CORPORATION (Korea), Polisan Holding (Turkey), TEIJIN LIMITED (Japan), Equipolymers (Germany), Alpek Polyester (U.S.), and others .


Recent Development


Indorama Ventures, a Thai-based petrochemical company, has completed the acquisition of Vietnam's leading PET packaging company, Ngoc Nghia Industry – Service – Trading Joint Stock Co. (NN). It paid about 3.09 billion baht for 97.8 percent of Ngoc Nghia. NN is a high-quality supplier of PET packaging materials to large global and Vietnamese brands in the beverage and non-beverage industries. Its operations are overseen by a seasoned management team with extensive industry experience and a thorough understanding of the local market.


Alpek, a Mexican chemical manufacturing company, has agreed to purchase OCTAL Holding SAOC (Octal). Octal is a major global producer of PET sheet and proprietary direct-to-sheet (DPET) technology, serving customers in the Americas, the Middle East, and Europe. The acquisition adds more than one million tonnes of installed capacity spread across four sites: Salalah Free Zone in Oman, Riyadh in Saudi Arabia, and Cincinnati in the United States.



September 2023: The European Commission published a proposal for a new regulation on single-use plastics, which would ban certain single-use plastic products, including APET cups and plates. The regulation is expected to be finalized in 2024.

Intended Audience



  • Amorphous polyethylene terephthalate Manufacturers

  • Traders and distributors of amorphous polyethylene terephthalate

  • Research and development institutes

  • Potential investors

  • Raw material suppliers

  • Nationalized laboratory

Leading companies partner with us for data-driven Insights
client_1 client_2 client_3 client_4 client_5 client_6 client_7 client_8 client_9 client_10
Kindly complete the form below to receive a free sample of this Report
Please fill in Business Email for Quick Response

We do not share your information with anyone. However, we may send you emails based on your report interest from time to time. You may contact us at any time to opt-out.

Purchase Option
Single User $ 4,950
Multiuser License $ 5,950
Enterprise User $ 7,250
Compare Licenses
Tailored for You
  • Dedicated Research on any specifics segment or region.
  • Focused Research on specific players in the market.
  • Custom Report based only on your requirements.
  • Flexibility to add or subtract any chapter in the study.
  • Historic data from 2014 and forecasts outlook till 2040.
  • Flexibility of providing data/insights in formats (PDF, PPT, Excel).
  • Provide cross segmentation in applicable scenario/markets.