Polyethylene Terephthalate Glycol (PETG) Market Revenue Projected Around USD 3.66 Billion by 2032

Zion Market Research has authored “PETG Market – By Grade (Extruded Grade, Injection Molding Grade, Blow Molding Grade) and Application (Sheet, Film, Bottle & Container, Extruded Profile, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2024-2032. Based on our analysis, the global demand for the Polyethylene Terephthalate Glycol (PETG) Market sizewas worth USD 2.74 Billion in 2023. The market is forecast to reach USD 3.66 Billion by 2032, growing at a compound annual growth rate (CAGR) of 3.27% during the forecast period 2024-2032.

Polyethylene Terephthalate-Glycol (PETG) is defined as a type of thermoplastic polymer that is obtained through the process of polymerization Ethylene Glycol and Terephthalic Acid that is mainly used in the manufacture of liquid containers and also in another packaging that is water and dust repellent. PETG is also highly resistant to heat and pressure and can be easily sterilized. Due to which it is preferred for medical and pharmaceutical packagings.

This review is based on a report by Zion Market Research, titled “PETG Market – By Grade (Extruded Grade, Injection Molding Grade, Blow Molding Grade) and By Application (Sheet, Film, Bottle & Container, Extruded Profile and Others): Global Industry Perspective, Market Size, Statistical Research, Market Intelligence, Comprehensive Analysis, Historical Trends, and Forecasts, 2023-2032” report at https://www.zionmarketresearch.com/report/petg-market-by-grade-extruded-grade-injection-molding

There is a growing demand for PETG in the food and beverage industry as the food industry across the world is growing rapidly. As there are alternative ways available for sustainable packaging, the demand for PETG products is on a huge rise. The PETG filaments are considered to be food-safe as compared with PET and can be sterilized too. But due to the daily fluctuations in the market affect the PETG growth market. Many factors such as changing supply and demand, fluctuation in currency, import-export tariffs affect the growing industry of PETG in developing industries. Also, the tariff norms and import duties imposed by the government affect the pricing of the raw materials needed by the manufacturers of PETG. However, some other industries have also started utilizing PETG for their uses as they are long lasting and temperature tolerant. Many manufacturers utilize 3D Printable PETG parts as they can handle industrial uses, such as controls, jigs, and structures. 

In the segment of market dominance, the injection molding grade is considered among the top in terms of the grades used in the PETG market. Injection molding is considered to be easy as the parts are products by injecting molten materials into a mold. The reason why this injection molding grade is widely used is that the products manufactured have high efficiency, high strength and can resist high pressure. Also, multiple types of plastics can be used simultaneously.  Also, in the application field, bottles and containers are dominant as they are widely used by people across the world. As they are used mainly in food and beverage and manufacturers of these eatable products try to come up with new tastes and flavors for their customers, the demand for bottles and containers is always on a high rise. Also as many people prefer easy disposable products in this fast-growing life, the demand for bottles and containers doesn’t seem to lower down in the coming years.

Among all the regions, the Asian Pacific region is considered to be dominant in the demand and usage of the PETG. The easy availability of space and resources, government policies for new technologies and manufacturers, availability of laborers at low cost are the main reasons for this dominance. As the world’s leading developing economies belong to this region, there is a huge demand for the PETG products among the people of these countries. The growing population and their changing lifestyle and food habits are also creating a need for PETG packaged food and beverage products. Also, the government of these nations has been encouraging people to start new businesses by providing attractive subsidies.

The major players in the global PETG Market are as follows:

•  Eastman Chemical Company
• Jiangsu Jinghong new Mstar Technology Ltd
• Ningbo Jinyuan Packing Material Co., Ltd
• Uflex Limited
• Selenis
• SK Chemicals
• Jiangyin Film-Maker Plastic Co., Ltd.
• Far Eastern New Century Corporation
• Henan Yinjinda New Materials Co. Ltd
• Klockner & CO.
• Bilcare Limited
• FUJIFILM Irvine Scientific
• Bonset America Corporation
• 3A Composites GmbH

This report segments the PETG market as follows:

Global PETG Market: By Grade Segment Analysis

• Extruded Grade
• Injection Molding Grade
• Blow Molding Grade

Global PETG Market: By Application Segment Analysis

• Sheet
• Film
• Bottle & Container
• Extruded Profile
• Others

Global PETG Market: Regional Segment Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

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