Crystalline polyethylene terephthalate is a rigid form of its parent polyethylene terephthalate and is commonly employed in packaging applications. It is non-toxic in nature and safe for the packaging of food and beverages. Crystalline polyethylene terephthalate can also withstand temperatures between -400 F to 4000 F and hence are a suitable packaging material in the food and beverage industry. In the packaging industry, it is used to manufacture containers and trays which can withstand oven as well as freezing temperatures.
MARKET DYNAMICS
The health of the crystalline polyethylene terephthalate industry predominantly depends on the packaging industry as a substantial amount of crystalline polyethylene terephthalate is used in making packaging films, containers, trays, etc. The ever-increasing demand for food-grade packaging materials has further fostered the consumption of crystalline polyethylene terephthalate in the food and beverage industry. The burgeoning consumption of FMCG, ready-to-eat snacks and meals, packaged food, frozen food, etc. has spurred the demand for crystalline polyethylene terephthalate. The growing popularity of the online food delivery industry has significantly contributed to the consumption of crystalline polyethylene terephthalate, owing to the rising demand for food-grade packing materials. Fluctuating raw material prices, which are dependent on crude oil prices, has, however, been a major restraining factor to the growth of the crystalline polyethylene terephthalate industry.
MARKET SCOPE
The "Global Crystalline Polyethylene Terephthalate Market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the crystalline polyethylene terephthalate market with detailed market segmentation by application, end user industry, and geography. The global crystalline polyethylene terephthalate market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading crystalline polyethylene terephthalate market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global crystalline polyethylene terephthalate market is segmented on the basis of application and end user industry. On the basis of application, the crystalline polyethylene terephthalate market is segmented into bottles, cups, trays, films, metalized foils, and others. The crystalline polyethylene terephthalate market on the basis of end user industry is classified into food packaging, beverage packaging, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry, including both qualitative and quantitative information. It provides an overview and forecast of the global crystalline polyethylene terephthalate market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America. The crystalline polyethylene terephthalate market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally, along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the crystalline polyethylene terephthalate market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five regions, namely; North America, Europe, APAC, MEA, and South America, after evaluating political, economic, social, and technological factors affecting the crystalline polyethylene terephthalate market in these regions.
MARKET PLAYERS
The reports cover key developments in the crystalline polyethylene terephthalate market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others, such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnerships & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market payers from the crystalline polyethylene terephthalate market are anticipated to lucrative growth opportunities in the future with the rising demand for crystalline polyethylene terephthalate in the global market. Below mentioned is the list of few companies engaged in the crystalline polyethylene terephthalate market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the crystalline polyethylene terephthalate market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last three years, the key development in the past five years.
- Dak Americas LLC
- Far Eastern New Century Corporation
- Indorama Ventures Public Company Limited
- LA SEDA DE Barcelona (LSB)
- Petro Polymer Shargh
- Petrotemex S.A. De C.V.
- Quadrant
- Saudi Basic Industries Corporation
- The DOW Chemical Company
- Treform Packaging Ab
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