Polyethylene Terephthalate (PET) Market is estimated to be valued at USD 52.89 Bn in 2025 and is expected to reach USD 83.28 Bn by 2032, growing at a compound annual growth rate (CAGR) of 6.7% from 2025 to 2032.
Report Coverage
Report Details
Base Year:
2024
Market Size in 2025:
USD 52.89 Bn
Historical Data for:
2020 To 2024
Forecast Period:
2025 To 2032
Forecast Period 2025 to 2032 CAGR:
6.70%
2032 Value Projection:
USD 83.28 Bn
Polyethylene terephthalate also known as PET, is the common thermoplastic polymer resin of the polyester family. This type of PET is largely used in the production of fibers which finds wide applications in the manufacture of containers, clothing and thermoforming. PET are of two types, virgin and recycle. Rapidly growing popularity of PET among consumers due to rise in preference for packaged and convenience food across the world is increasing, which in turn is propelling the growth of polyethylene terephthalate market. Light weight and unbreakable properties of PET is dominating the market in the over the following decade.
Increasing demand for bottled water is projected to be the key driver for global PET market growth. With the rise in health awareness and easy availability of bottled water, the consumption of bottle water is increasing. PET water bottles are easy to handle, non-breakable and light weight and can be recycled to variety of products such as door panels, winter coats, sheets, industrial strapping, automobile parts and fibers. Technological advancement coupled with increase in demand from various end use industries, such as packaging, automobiles and electronics has fueled the growth of the global polyethylene terephthalate (PET) market in the following years.
Market Dynamics
Based on application, food & beverages application accounted for the largest market share in terms of revenue and contributed 80.3% in 2021. The segment growth is majorly driven by the rising demand for food along with increasing application of Polyethylene Terephthalate in the packaging of the food products.
Among region, Asia Pacific accounted for the largest revenue share in 2021 and contributed a revenue share of 48% in 2021, followed by Europe and North America.
Key features of the study
This report provides in-depth analysis of Global Polyethylene Terephthalate market and provides market size (USD Bn and Kilo Tons) and cumulative annual growth rate (CAGR %) for the forecast period 2025-2032, considering 2024 as the base year.
It elucidates potential revenue opportunities across different segments and explains an attractive investment proposition matrix for this market.
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategy adopted by the leading players.
It profiles leading players in the global polyethylene terephthalate (PET) market based on the following parameters - company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans.
Key companies covered as a part of this study include Alpek S.A.B de C.V., RTP Company, BASF SE, The Dow Chemicals Company, Jiangsu Sanfangxiang Group, Indorama Ventures, M&G Chemicals, Nan Ya Plastics Corporation, Far Eastern New Century, and Quadrant AG.
Insights from this report would allow marketers and the management authorities of the companies to make informed decision regarding their future product launches, technology upgrade, market expansion, and marketing tactics.
The global Polyethylene Terephthalate market report caters to various stakeholders in this industry including investors, suppliers, Polyethylene Terephthalate (PET) manufacturers, distributors, new entrants, and financial analysts.
Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the Polyethylene Terephthalate (PET) market.
Market Segmentation
Global Polyethylene Terephthalate Market, By Product Type
Carbonated Soft Drink
Bottled Water
Other Drinks
Sheets & Films
Food
Non-Food
Global Polyethylene Terephthalate Market, By Application
Food & Beverages
Automotive
Electronics
Others
Global Polyethylene Terephthalate Market, By Region
North America
U.S.
Canada
Latin America
Mexico
Brazil
Argentina
Rest of Latin America
Europe
EU
Benelux
Nordic
Russia
Ukraine
Poland
Rest of Europe
Asia Pacific
China
India
Japan
ASEAN
OCEANIA
Rest of Asia Pacific
Middle East & Africa
Turkey
GCC
South Africa
Rest of Middle East & Africa
Company Profiles
Alpek S.A.B de C.V.
RTP Company
BASF SE
The Dow Chemicals Company
Jiangsu Sanfangxiang Group
Indorama Ventures
M&G Chemicals
Nan Ya Plastics Corporation
Far Eastern New Century
Quadrant AG.
Table of Contents
1. Research Objectives and Assumptions
Research Objectives
Assumptions
Abbreviations
2. Market Purview
Report Description
Market Definition and Scope
Executive Summary
Market Snippet, By Product Type
Market Snippet, By Application
Market Snippet, By Region
Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
Market Dynamics
Drivers
Restraints
PEST Analysis
PORTER's Five Forces Analysis
Market Opportunities
Regulatory Scenario
Key Developments
Industry Trend
4. Global Polyethylene Terephthalate Market, By Product Type, 2020-2032 (USD Bn)
Introduction
Market Share Analysis, 2025, 2028 and 2032(%)
Y-o-Y Growth Analysis, 2021 - 2032
Segment Trends
Carbonated Soft Drink
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, (USD Bn & KT)
Bottled Water
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, (USD Bn & KT)
Other Drinks
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, (USD Bn & KT)
Sheet and Films
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, (USD Bn & KT)
Food
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, (USD Bn & KT)
Non-Food
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, (USD Bn & KT)
5. Global Polyethylene Terephthalate Market, By Application, 2020-2032 (USD Bn)
Introduction
Market Share Analysis, 2025, 2028 and 2032(%)
Y-o-Y Growth Analysis, 2021 - 2032
Segment Trends
Food & Beverages
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, (USD Bn & KT
Automotive
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, (USD Bn & KT)
Electronics
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, (USD Bn & KT)
Others
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, (USD Bn & KT)
6. Global Polyethylene Terephthalate Market, By Region, 2020-2032 (USD Bn)
Introduction
Market Share Analysis, By Region, 2025, 2028 and 2032(%)
Y-o-Y Growth Analysis, For Region, 2021 - 2032
North America
Market Share Analysis, By Country, 2025, 2028 and 2032(%)
Y-o-Y Growth Analysis, By Country, 2020 - 2032
U.S.
Country Trends
Market Size and Forecast, By Product Type, 2020 - 2032(USD Bn & KT)
Market Size and Forecast, By Application, 2020 - 2032(USD Bn & KT)
Canada
Country Trends
Market Size and Forecast, By Product Type, 2020 - 2032(USD Bn & KT)
Market Size and Forecast, By Application, 2020 - 2032(USD Bn & KT)
Latin America
Market Share Analysis, By Country, 2020 and 2032(%)
Y-o-Y Growth Analysis, By Country, 2021 - 2032
Mexico
Country Trends
Market Size and Forecast, By Product Type, 2020 - 2032(USD Bn & KT)
Market Size and Forecast, By Application, 2020 - 2032(USD Bn & KT)
Brazil
Country Trends
Market Size and Forecast, By Product Type, 2020 - 2032(USD Bn & KT)
Market Size and Forecast, By Application, 2020 - 2032(USD Bn & KT)
Argentina
Country Trends
Market Size and Forecast, By Product Type, 2020 - 2032(USD Bn & KT)
Market Size and Forecast, By Application, 2020 - 2032(USD Bn & KT)
Rest of Latin America
Country/Region Trends
Market Size and Forecast, By Product Type, 2020 - 2032(USD Bn & KT)
Market Size and Forecast, By Application, 2020 - 2032(USD Bn & KT)
Europe
Market Share Analysis, By Country, 2025, 2028 and 2032(%)
Y-o-Y Growth Analysis, By Country, 2020 - 2032
EU
Country Trends
Market Size and Forecast, By Product Type, 2020 - 2032(USD Bn & KT)
Market Size and Forecast, By Application, 2020 - 2032(USD Bn & KT)
Benelux
Country Trends
Market Size and Forecast, By Product Type, 2020 - 2032(USD Bn & KT)
Market Size and Forecast, By Application, 2020 - 2032(USD Bn & KT)
Nordic
Country Trends
Market Size and Forecast, By Product Type, 2020 - 2032(USD Bn & KT)
Market Size and Forecast, By Application, 2020 - 2032(USD Bn & KT)
Russia
Country Trends
Market Size and Forecast, By Product Type, 2020 - 2032(USD Bn & KT)
Market Size and Forecast, By Application, 2020 - 2032(USD Bn & KT)
Ukraine
Country Trends
Market Size and Forecast, By Product Type, 2020 - 2032(USD Bn & KT)
Market Size and Forecast, By Application, 2020 - 2032(USD Bn & KT)
Poland
Country Trends
Market Size and Forecast, By Product Type, 2020 - 2032(USD Bn & KT)
Market Size and Forecast, By Application, 2020 - 2032(USD Bn & KT)
Rest of Europe
Country Trends
Market Size and Forecast, By Product Type, 2020 - 2032(USD Bn & KT)
Market Size and Forecast, By Application, 2020 - 2032(USD Bn & KT)
Asia Pacific
Market Share Analysis, By Country, 2025, 2028 and 2032(%)
Y-o-Y Growth Analysis, By Country, 2020 - 2032
China
Country Trends
Market Size and Forecast, By Product Type, 2020 - 2032(USD Bn & KT)
Market Size and Forecast, By Application, 2020 - 2032(USD Bn & KT)
India
Country Trends
Market Size and Forecast, By Product Type, 2020 - 2032(USD Bn & KT)
Market Size and Forecast, By Application, 2020 - 2032(USD Bn & KT)
Japan
Country Trends
Market Size and Forecast, By Product Type, 2020 - 2032(USD Bn & KT)
Market Size and Forecast, By Application, 2020 - 2032(USD Bn & KT)
ASEAN
Country Trends
Market Size and Forecast, By Product Type, 2020 - 2032(USD Bn & KT)
Market Size and Forecast, By Application, 2020 - 2032(USD Bn & KT)
OCEANIA
Country Trends
Market Size and Forecast, By Product Type, 2020 - 2032(USD Bn & KT)
Market Size and Forecast, By Application, 2020 - 2032(USD Bn & KT)
Rest of Asia Pacific
Country/Region Trends
Market Size and Forecast, By Product Type, 2020 - 2032(USD Bn & KT)
Market Size and Forecast, By Application, 2020 - 2032(USD Bn & KT)
Middle East & Africa
Market Share Analysis, By Sub-region, 2025, 2028 and 2032(%)
Y-o-Y Growth Analysis, By Sub-region, 2020 - 2032
Turkey
Country/Region Trends
Market Size and Forecast, By Product Type, 2020 - 2032(USD Bn & KT)
Market Size and Forecast, By Application, 2020 - 2032(USD Bn & KT)
GCC
Country/Region Trends
Market Size and Forecast, By Product Type, 2020 - 2032(USD Bn & KT)
Market Size and Forecast, By Application, 2020 - 2032(USD Bn & KT)
South Africa
Country/Region Trends
Market Size and Forecast, By Product Type, 2020 - 2032(USD Bn & KT)
Market Size and Forecast, By Application, 2020 - 2032(USD Bn & KT)
Rest of Middle East & Africa
Country/Region Trends
Market Size and Forecast, By Product Type, 2020 - 2032(USD Bn & KT)
Market Size and Forecast, By Application, 2020 - 2032(USD Bn & KT)