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Report
Global Extruded PET Market Report and Forecast 2024-2032
Market Report I 2024-06-20 I 166 Pages I EMR Inc.
Global Extruded PET Market Report and Forecast 2024-2032
Market outlook
According to the report by Expert Market Research (EMR), the extruded PET market size reached a value of USD 10.35 billion in 2023. Aided by the increasing demand for sustainable packaging solutions and the growing applications of extruded PET in various sectors, the market is projected to further grow at a CAGR of 6.4% between 2024 and 2032 to reach a value of USD 18.15 billion by 2032.
Extruded polyethylene terephthalate (PET) is a versatile and widely used thermoplastic polymer known for its excellent mechanical properties, chemical resistance, and clarity. Extruded PET is used extensively in the packaging sector for producing bottles, trays, sheets, and films due to its strength, lightweight nature, and recyclability. Beyond packaging, extruded PET finds applications in textiles, automotive, electronics, and other industrial sectors.
The increasing consumer preference for sustainable packaging solutions is driving the extruded PET market growth. With the growing awareness of environmental issues and the push for sustainable practices, there has been a significant shift towards the adoption of recyclable and eco-friendly materials in packaging. Extruded PET, being fully recyclable, meets these criteria, making it a preferred choice for packaging applications. Additionally, the stringent regulations and policies aimed at reducing plastic waste have further bolstered the demand for extruded PET in the packaging sector.
The expanding applications of extruded PET in various sectors also play a significant role in the market. In the food and beverage sector, extruded PET is widely used for packaging due to its excellent barrier properties, which help in maintaining the freshness and shelf life of products. The electronics industry utilises extruded PET films for insulation and protective purposes. In the automotive sector, extruded PET is used in manufacturing lightweight and durable components, contributing to overall vehicle efficiency. Moreover, the textile sector benefits from extruded PET fibres, which are used in producing fabrics with superior strength and durability.
Further, the growing demand for sustainable and eco-friendly materials has led to an increased focus on extruded PET as a viable solution for various applications. With the rise of the circular economy and the increasing emphasis on recycling and reducing waste, extruded PET has emerged as a critical component in achieving sustainability goals. This trend is expected to boost the extruded PET market expansion in the coming years, consequently driving up the extruded PET market share.
North America is a significant market for extruded PET, driven by the high demand for sustainable packaging solutions and the presence of leading packaging manufacturers. The region's focus on recycling and reducing plastic waste is also supporting market growth.
As per the extruded PET market analysis, the Asia-Pacific region is expected to witness significant growth in the extruded PET market, owing to the rapid industrialization, increasing disposable incomes, and growing consumer awareness of sustainability. Countries such as China, India, and Japan are major contributors to the market growth in this region.
The Latin America extruded PET market is growing steadily, driven by the increasing demand for sustainable packaging solutions and the adoption of eco-friendly materials. The region's focus on improving packaging standards and reducing plastic waste is also supporting market growth.
Market Segmentation
The market can be divided based on application, end use, and region
Market Breakup by Application
- Blow Moulding
- General Extrusion
o Heavy Gauge Sheet
o Clear Tubing
o Clear Profile
o Others
Market Breakup by End Use
- Electronics
- Automotive
- Personal Care
- Pharmaceuticals
- Food and Beverages
- Others
Market Breakup by Region
- North America
- Europe
- Middle East and Africa
- Asia Pacific
- Latin America
Competitive landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in extruded PET market. some of the major players explored in the report by expert market research are as follows:
- Indorama Ventures Public Company Limited
- Formosa Plastics Group
- Advanced Extrusion, Inc.
- Duke Extrusion
- Mannok Holdings DAC
- IPF Holdings Inc.
- Toray Industries Inc.
- Omnia Plastica Srl
- Others
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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Extruded PET Market Analysis
8.1 Key Industry Highlights
8.2 Global Extruded PET Historical Market (2018-2023)
8.3 Global Extruded PET Market Forecast (2024-2032)
8.4 Global Extruded PET Market by Application
8.4.1 Blow Moulding
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 General Extrusion
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.2.3 Breakup by Type
8.4.2.3.1 Heavy Gauge Sheet
8.4.2.3.2 Clear Tubing
8.4.2.3.3 Clear Profile
8.4.2.3.4 Others
8.5 Global Extruded PET Market by End Use
8.5.1 Electronics
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Automotive
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Personal Care
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Pharmaceuticals
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Food and Beverages
8.5.5.1 Historical Trend (2018-2023)
8.5.5.2 Forecast Trend (2024-2032)
8.5.6 Others
8.6 Global Extruded PET Market by Region
8.6.1 North America
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Europe
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Latin America
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Middle East and Africa
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
9 North America Extruded PET Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Extruded PET Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Extruded PET Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Extruded PET Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Extruded PET Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter's Five Forces Analysis
14.2.1 Supplier's Power
14.2.2 Buyer's Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Price Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Indorama Ventures Public Company Limited
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Formosa Plastics Group
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Advanced Extrusion, Inc.
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Duke Extrusion
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Mannok Holdings DAC
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 IPF Holdings Inc.
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Toray Industries Inc.
16.2.7.1 Company Overview
16.2.7.2 Product Portfolio
16.2.7.3 Demographic Reach and Achievements
16.2.7.4 Certifications
16.2.8 Omnia Plastica Srl
16.2.8.1 Company Overview
16.2.8.2 Product Portfolio
16.2.8.3 Demographic Reach and Achievements
16.2.8.4 Certifications
16.2.9 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Extruded PET Market: Key Industry Highlights, 2018 and 2032
2. Global Extruded PET Historical Market: Breakup by Application (USD Billion), 2018-2023
3. Global Extruded PET Market Forecast: Breakup by Application (USD Billion), 2024-2032
4. Global Extruded PET Historical Market: Breakup by End Use (USD Billion), 2018-2023
5. Global Extruded PET Market Forecast: Breakup by End Use (USD Billion), 2024-2032
6. Global Extruded PET Historical Market: Breakup by Region (USD Billion), 2018-2023
7. Global Extruded PET Market Forecast: Breakup by Region (USD Billion), 2024-2032
8. North America Extruded PET Historical Market: Breakup by Country (USD Billion), 2018-2023
9. North America Extruded PET Market Forecast: Breakup by Country (USD Billion), 2024-2032
10. Europe Extruded PET Historical Market: Breakup by Country (USD Billion), 2018-2023
11. Europe Extruded PET Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Asia Pacific Extruded PET Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Asia Pacific Extruded PET Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Latin America Extruded PET Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Latin America Extruded PET Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Middle East and Africa Extruded PET Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Middle East and Africa Extruded PET Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Global Extruded PET Market Structure
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