Market Size in 2021 | Market Forecast in 2028 | CAGR (in %) | Base Year |
---|---|---|---|
USD 9176.21 Million | USD 12810.1 Million | 7.89% | 2021 |
FrequentlyAsked Questions
The global crystalline polyethylene terephthalate is projected to grow owing to the increasing use of crystalline PET in the F & B sector, one of the fastest-growing industries across the globe. Since the polymer is non-toxic, it is widely used in the packaging of foods and drinks, where safety protocols are highly regulated and nonconformity which can lead to serious implications.
According to Zion Market Research, the global crystalline polyethylene terephthalate market size was worth around USD 9176.21 million in 2021 and is predicted to grow to around USD 12810.1 million by 2028 with a compound annual growth rate (CAGR) of roughly 7.89% between 2022 and 2028.
The global crystalline polyethylene terephthalate market is anticipated to be driven by Asia-Pacific in the coming years with China leading the regional market share. The country is currently the largest producer of PET along with being the world’s largest consumer of PET bottles. T
The global crystalline polyethylene terephthalate market is dominated by players including LA SEDA DE Barcelona (LSB), The DOW Chemical Company, Treform Packaging Ab, Far Eastern New Century Corporation, Indorama Ventures Public Company Limited, Petro Polymer Shargh, Saudi Basic Industries Corporation, Petrotemex, Dak Americas LLC, and Quadrant.
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