Global Crystalline Polyethylene Terephthalate Market Size Study, by Application (Trays, Cups, Films/Sheets, Bottles, and Others), by End-user Industry (Food & Beverage, Pharmaceutical, and Others) and Regional Forecasts 2022-2032

PUBLISHED: January 9, 2025

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Description

The Global Crystalline Polyethylene Terephthalate Market, valued at approximately USD 14.69 billion in 2023, is projected to grow at an impressive CAGR of 9.20% during the forecast period from 2024 to 2032.Crystalline polyethylene terephthalate (CPET), renowned for its excellent strength, thermal stability, and chemical resistance, has emerged as a critical material across diverse applications such as trays, bottles, and films. Its superior recyclability and versatility have made it indispensable, particularly in food and beverage packaging, where maintaining product integrity and sustainability are paramount.

The burgeoning demand for sustainable packaging solutions in the food and beverage sector is a key driver of the CPET market's growth. Additionally, the increasing use of CPET in pharmaceutical applications, where product safety and contamination prevention are critical, is further fueling market demand. However, the volatility of raw material prices and environmental concerns related to PET production present significant challenges. Despite these obstacles, ongoing innovations in production technologies and growing adoption in high-value industries provide lucrative growth opportunities.

Advancements in CPET formulations have enabled manufacturers to develop materials suitable for complex applications, such as microwaveable trays and pharmaceutical packaging, which require high temperature resistance and product safety. The increasing focus on reducing plastic waste through recycling initiatives also underscores CPET's growing importance in a circular economy. The global shift toward eco-friendly packaging solutions continues to position CPET as a preferred material, supported by its compliance with stringent regulatory standards.

Geographically, North America and Europe dominate the CPET market due to their well-established food and beverage industries and stringent sustainability regulations. Meanwhile, the Asia-Pacific region is anticipated to exhibit the fastest growth, fueled by rapid urbanization, increasing disposable income, and a surge in demand for packaged goods in countries such as China and India. Latin America and the Middle East & Africa regions are also experiencing significant growth, driven by expanding infrastructure and industrial development.

Major market players included in this report are:

Indorama Ventures Public Company Limited
Alpek, S.A.B. de C.V.
BASF SE
Eastman Chemical Company
DAK Americas LLC
Octal
Far Eastern New Century Corporation
China National Petroleum Corporation (CNPC)
Reliance Industries Limited
RTP Company
LyondellBasell Industries N.V.
Sinopec Group
SABIC
Teijin Limited
Nan Ya Plastics Corporation

The detailed segments and sub-segment of the market are explained below:

By Application:

Trays
Cups
Films/Sheets
Bottles
Others

By End-user Industry:

Food & Beverage
Pharmaceutical
Others

By Region:

North America:

U.S.
Canada

Europe:

UK
Germany
France
Spain
Italy
Rest of Europe

Asia Pacific:

China
India
Japan
Australia
South Korea
Rest of Asia Pacific

Latin America:

Brazil
Mexico

Middle East & Africa:

Saudi Arabia
South Africa
Rest of Middle East & Africa

Key Takeaways:

Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and regional-level analysis for each market segment.
Detailed analysis of geographical landscape with country-level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approaches.
Analysis of competitive structure of the market.
Demand-side and supply-side analysis of the market.

Chapter 1. Global Crystalline Polyethylene Terephthalate Market Executive Summary

1.1. Global Crystalline Polyethylene Terephthalate Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
- 1.3.1. By Application
- 1.3.2. By End-user Industry
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

Chapter 2. Global Crystalline Polyethylene Terephthalate Market Definition and Research Assumptions

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
  - 2.3.3.1. Availability
  - 2.3.3.2. Infrastructure
  - 2.3.3.3. Regulatory Environment
  - 2.3.3.4. Market Competition
  - 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
  - 2.3.4.1. Regulatory Frameworks
  - 2.3.4.2. Technological Advancements
  - 2.3.4.3. Environmental Considerations
  - 2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

Chapter 3. Global Crystalline Polyethylene Terephthalate Market Dynamics

3.1. Market Drivers
- 3.1.1. Rising Demand for Sustainable Packaging Solutions
- 3.1.2. Growth in Pharmaceutical Packaging Applications
- 3.1.3. Innovations in CPET Formulations
3.2. Market Challenges
- 3.2.1. Volatility of Raw Material Prices
- 3.2.2. Environmental Concerns Related to PET Production
3.3. Market Opportunities
- 3.3.1. Advancements in High-Performance CPET Variants
- 3.3.2. Expansion in Emerging Markets
- 3.3.3. Growth in Recycling Initiatives and Circular Economy

Chapter 4. Global Crystalline Polyethylene Terephthalate Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
4.3. Top Investment Opportunities
4.4. Top Winning Strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Global Crystalline Polyethylene Terephthalate Market Size & Forecasts by Application 2022-2032

5.1. Segment Dashboard
5.2. Global Crystalline Polyethylene Terephthalate Market: Application Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 5.2.1. Trays
- 5.2.2. Cups
- 5.2.3. Films/Sheets
- 5.2.4. Bottles
- 5.2.5. Others

Chapter 6. Global Crystalline Polyethylene Terephthalate Market Size & Forecasts by End-user Industry 2022-2032

6.1. Segment Dashboard
6.2. Global Crystalline Polyethylene Terephthalate Market: End-user Industry Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 6.2.1. Food & Beverage
- 6.2.2. Pharmaceutical
- 6.2.3. Others

Chapter 7. Global Crystalline Polyethylene Terephthalate Market Size & Forecasts by Region 2022-2032

7.1. North America Crystalline Polyethylene Terephthalate Market
- 7.1.1. U.S. Crystalline Polyethylene Terephthalate Market
  - 7.1.1.1. Application Breakdown Size & Forecasts, 2022-2032
  - 7.1.1.2. End-user Industry Breakdown Size & Forecasts, 2022-2032
  - 7.1.1.3. Distribution Channel Breakdown Size & Forecasts, 2022-2032
- 7.1.2. Canada Crystalline Polyethylene Terephthalate Market
  - 7.1.2.1. Application Breakdown Size & Forecasts, 2022-2032
  - 7.1.2.2. End-user Industry Breakdown Size & Forecasts, 2022-2032
  - 7.1.2.3. Distribution Channel Breakdown Size & Forecasts, 2022-2032
7.2. Europe Crystalline Polyethylene Terephthalate Market
- 7.2.1. UK Crystalline Polyethylene Terephthalate Market
  - 7.2.1.1. Application Breakdown Size & Forecasts, 2022-2032
  - 7.2.1.2. End-user Industry Breakdown Size & Forecasts, 2022-2032
  - 7.2.1.3. Distribution Channel Breakdown Size & Forecasts, 2022-2032
- 7.2.2. Germany Crystalline Polyethylene Terephthalate Market
  - 7.2.2.1. Application Breakdown Size & Forecasts, 2022-2032
  - 7.2.2.2. End-user Industry Breakdown Size & Forecasts, 2022-2032
  - 7.2.2.3. Distribution Channel Breakdown Size & Forecasts, 2022-2032
- 7.2.3. France Crystalline Polyethylene Terephthalate Market
  - 7.2.3.1. Application Breakdown Size & Forecasts, 2022-2032
  - 7.2.3.2. End-user Industry Breakdown Size & Forecasts, 2022-2032
  - 7.2.3.3. Distribution Channel Breakdown Size & Forecasts, 2022-2032
- 7.2.4. Spain Crystalline Polyethylene Terephthalate Market
  - 7.2.4.1. Application Breakdown Size & Forecasts, 2022-2032
  - 7.2.4.2. End-user Industry Breakdown Size & Forecasts, 2022-2032
  - 7.2.4.3. Distribution Channel Breakdown Size & Forecasts, 2022-2032
- 7.2.5. Italy Crystalline Polyethylene Terephthalate Market
  - 7.2.5.1. Application Breakdown Size & Forecasts, 2022-2032
  - 7.2.5.2. End-user Industry Breakdown Size & Forecasts, 2022-2032
  - 7.2.5.3. Distribution Channel Breakdown Size & Forecasts, 2022-2032
- 7.2.6. Rest of Europe Crystalline Polyethylene Terephthalate Market
  - 7.2.6.1. Application Breakdown Size & Forecasts, 2022-2032
  - 7.2.6.2. End-user Industry Breakdown Size & Forecasts, 2022-2032
  - 7.2.6.3. Distribution Channel Breakdown Size & Forecasts, 2022-2032
7.3. Asia Pacific Crystalline Polyethylene Terephthalate Market
- 7.3.1. China Crystalline Polyethylene Terephthalate Market
  - 7.3.1.1. Application Breakdown Size & Forecasts, 2022-2032
  - 7.3.1.2. End-user Industry Breakdown Size & Forecasts, 2022-2032
  - 7.3.1.3. Distribution Channel Breakdown Size & Forecasts, 2022-2032
- 7.3.2. India Crystalline Polyethylene Terephthalate Market
  - 7.3.2.1. Application Breakdown Size & Forecasts, 2022-2032
  - 7.3.2.2. End-user Industry Breakdown Size & Forecasts, 2022-2032
  - 7.3.2.3. Distribution Channel Breakdown Size & Forecasts, 2022-2032
- 7.3.3. Japan Crystalline Polyethylene Terephthalate Market
  - 7.3.3.1. Application Breakdown Size & Forecasts, 2022-2032
  - 7.3.3.2. End-user Industry Breakdown Size & Forecasts, 2022-2032
  - 7.3.3.3. Distribution Channel Breakdown Size & Forecasts, 2022-2032
- 7.3.4. Australia Crystalline Polyethylene Terephthalate Market
  - 7.3.4.1. Application Breakdown Size & Forecasts, 2022-2032
  - 7.3.4.2. End-user Industry Breakdown Size & Forecasts, 2022-2032
  - 7.3.4.3. Distribution Channel Breakdown Size & Forecasts, 2022-2032
- 7.3.5. South Korea Crystalline Polyethylene Terephthalate Market
  - 7.3.5.1. Application Breakdown Size & Forecasts, 2022-2032
  - 7.3.5.2. End-user Industry Breakdown Size & Forecasts, 2022-2032
  - 7.3.5.3. Distribution Channel Breakdown Size & Forecasts, 2022-2032
- 7.3.6. Rest of Asia Pacific Crystalline Polyethylene Terephthalate Market
  - 7.3.6.1. Application Breakdown Size & Forecasts, 2022-2032
  - 7.3.6.2. End-user Industry Breakdown Size & Forecasts, 2022-2032
  - 7.3.6.3. Distribution Channel Breakdown Size & Forecasts, 2022-2032
7.4. Latin America Crystalline Polyethylene Terephthalate Market
- 7.4.1. Brazil Crystalline Polyethylene Terephthalate Market
  - 7.4.1.1. Application Breakdown Size & Forecasts, 2022-2032
  - 7.4.1.2. End-user Industry Breakdown Size & Forecasts, 2022-2032
  - 7.4.1.3. Distribution Channel Breakdown Size & Forecasts, 2022-2032
- 7.4.2. Mexico Crystalline Polyethylene Terephthalate Market
  - 7.4.2.1. Application Breakdown Size & Forecasts, 2022-2032
  - 7.4.2.2. End-user Industry Breakdown Size & Forecasts, 2022-2032
  - 7.4.2.3. Distribution Channel Breakdown Size & Forecasts, 2022-2032
- 7.4.3. Rest of Latin America Crystalline Polyethylene Terephthalate Market
  - 7.4.3.1. Application Breakdown Size & Forecasts, 2022-2032
  - 7.4.3.2. End-user Industry Breakdown Size & Forecasts, 2022-2032
  - 7.4.3.3. Distribution Channel Breakdown Size & Forecasts, 2022-2032
7.5. Middle East & Africa Crystalline Polyethylene Terephthalate Market
- 7.5.1. Saudi Arabia Crystalline Polyethylene Terephthalate Market
  - 7.5.1.1. Application Breakdown Size & Forecasts, 2022-2032
  - 7.5.1.2. End-user Industry Breakdown Size & Forecasts, 2022-2032
  - 7.5.1.3. Distribution Channel Breakdown Size & Forecasts, 2022-2032
- 7.5.2. South Africa Crystalline Polyethylene Terephthalate Market
  - 7.5.2.1. Application Breakdown Size & Forecasts, 2022-2032
  - 7.5.2.2. End-user Industry Breakdown Size & Forecasts, 2022-2032
  - 7.5.2.3. Distribution Channel Breakdown Size & Forecasts, 2022-2032
- 7.5.3. Rest of Middle East & Africa Crystalline Polyethylene Terephthalate Market
  - 7.5.3.1. Application Breakdown Size & Forecasts, 2022-2032
  - 7.5.3.2. End-user Industry Breakdown Size & Forecasts, 2022-2032
  - 7.5.3.3. Distribution Channel Breakdown Size & Forecasts, 2022-2032

Chapter 8. Competitive Intelligence

8.1. Key Company SWOT Analysis
- 8.1.1. Indorama Ventures Public Company Limited
- 8.1.2. Alpek, S.A.B. de C.V.
- 8.1.3. BASF SE
8.2. Top Market Strategies
8.3. Company Profiles
- 8.3.1. Indorama Ventures Public Company Limited
  - 8.3.1.1. Key Information
  - 8.3.1.2. Overview
  - 8.3.1.3. Financial (Subject to Data Availability)
  - 8.3.1.4. Product Summary
  - 8.3.1.5. Market Strategies
- 8.3.2. Alpek, S.A.B. de C.V.
- 8.3.3. BASF SE
- 8.3.4. Eastman Chemical Company
- 8.3.5. DAK Americas LLC
- 8.3.6. Octal
- 8.3.7. Far Eastern New Century Corporation
- 8.3.8. China National Petroleum Corporation (CNPC)
- 8.3.9. Reliance Industries Limited
- 8.3.10. RTP Company

Chapter 9. Research Process

9.1. Research Process
- 9.1.1. Data Mining
- 9.1.2. Analysis
- 9.1.3. Market Estimation
- 9.1.4. Validation
- 9.1.5. Publishing
9.2. Research Attributes