The main objective of this report is to define, describe, and forecast the global “Amorphous Polyethylene Terephthalate (APET)” market on the basis of types of applications, major sectors, deployment models, organization size, and regions. The report contains an analysis of the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges). It aims to strategically analyze the micromarkets with respect to individual growth trends, prospects, and their contribution to the market. The report attempts to forecast the market size for 5 major regions, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. It contains key vendor profiles and comprehensively analyzes their core competencies. The report also tracks and analyzes competitive developments, including partnerships, collaborations, acquisitions, new product developments, and R&D activities in the market.
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Polyethylene Terephthalate (PET) is one of the common thermoplastics belonging to the polyester family. The transparent polymer can be converted into a colored product for esthetics. Polyethylene terephthalate is manufactured in two forms: crystalline and amorphous. Amorphous PET (APET) possesses excellent optical clarity and high strength. It does not react with several common solvents. It is primarily utilized in food packaging due to water and moisture barrier materials. The polymer can be recycled and thus can be considered eco-friendly. It can be used in the temperature range of -40°C to +70°C.
The global APET market can be segmented based on grade, application, end-use industry, and region. APET is manufactured in virgin or recycled grade. Recycled APET is primarily employed in food packaging. In terms of application, the APET market can be divided into bottles, food packaging, and films. APET bottles are used for mineral water, carbonated soft drinks, and ready-to-eat tea and coffee. Food packaging can be further sub-divided into cups, trays, containers, and lids. APET films are employed in the automotive sector, credit cards, embossed overlays, medical packaging, and the printing industry. APET is used in end-use industries such as food & beverages, packaging, medical, automotive, electronics, and others. The packaging segment can be sub-divided into food packaging and non-food packaging. APET is used in packaging of food materials such as soft drinks bottles, ready-to-eat food, confectionery, cheese & dairy products, and others. Non-food packaging application includes household packaging, personal care & cosmetic articles, luxury gifts, and others. APET is employed in table & capsule packaging in the medical industry. It is used in gear housings, seat & engine covers, and wipers in the automotive industry. Based on region, the APET market can be segmented into Asia Pacific, Europe, Middle East & Africa, North America, and Latin America.
High strength, lightweight, optical clarity, inertness, and stiffness are factors driving the APET market. The recyclable property is also anticipated to boost the APET market. In terms of applications, the bottles segment is anticipated to dominate the APET market during the forecast period. APET bottles are clear and inert. Thus, demand for APET bottles is increasing in packaging of soft drinks. In terms of end-use industry, the packaging segment is expected to dominate the market in the next few years. APET provides effective barrier against water, nitrogen, oxygen, and carbon dioxide. Furthermore, it has low flavor absorption properties. Therefore, APET can be employed in modified atmosphere packaging. Thus, demand for APET is rising for food packaging applications.
North America is expected to account for significant share of the market during the forecast period. High consumption of carbonated drinks and ready-to-eat food products is boosting the APET market in the region. Demand for APET in Asia Pacific is rising at a rapid pace. Increase in consumption of FMCG and packaged food materials is propelling the APET market in Asia Pacific. The APET market in Middle East & Africa and Latin America is likely to expand at a sluggish pace during the forecast period.
Major players operating in the global APET market include Invista, Reliance Industries Ltd., M&G Chemicals SA, Teijin Ltd., and The Quadrant Group of Companies.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
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The regional analysis covers:
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
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