Market Dynamics
Food and beverages is the largest application industry in the global polyethylene terephthalate market. Polyethylene terephthalate are widely utilized in food and beverages packaging, used in domestic and commercial applications. Growing demand for convenience food in North America and Europe is expected to fuel growth of the market of food packaging, which in turn is expected to boost the market for PET in the following years. Moreover, increasing awareness of food borne diseases and health consciousness in Europe and North America is expected to propel the market growth. The increasing preference of auto manufacturers towards the use of polyethylene terephthalate due to the considerable cost reductions, light weight, low operational costs, excellent performance and other benefits offered by these products fuels growth of the polyethylene terephthalate market.
Detailed Segmentation:
Global Polyethylene Terephthalate Market, By Product Type:
◦ Carbonated Soft Drink
◦ Bottled Water
◦ Other Drinks
◦ Sheets & Films
◦ Food
◦ Non-Food
Global Polyethylene Terephthalate Market, By Application:
◦ Food & Beverages
◦ Automotive
◦ Electronics
◦ Others

Market Taxonomy
This report segments the global polyethylene terephthalate market on the basis of product types and application. On the basis of product types, the market is segmented as carbonated soft drink, bottled water, other drinks, sheets & films, food and non-food. On the basis of application industry, the global polyethylene terephthalate market is segmented into food & beverages, automotive, electronics and others Moreover, food & beverages is the largest application segment, accounting for over 80.36% share of the global polyethylene terephthalate market in 2016, and is projected to be the fastest growing application segment and expected to grow at a CAGR of 8.0% in terms of volume during the forecasted period.

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Market Opportunities
The growing demand for lightweight packaging solutions for electronics and food is expected to open up new opportunities for PET. Furthermore, over the forecast period, the level of rivalry is predicted to increase. As a result, players are focusing on developing unique technologies in order to increase their market position. To achieve a competitive advantage in the market, companies are working on PET manufacturing processes that are both cost-effective and high-quality.

Key Players in Polyethylene Terephthalate Market:
Key companies covered as a part of this study include Alpek S.A.B de C.V., RTP company, BASF SE, The Dow Chemicals Company, Jiangsu Sanfangxiang Group, Indorama Ventures, M&G Chemicals, Nan Ya Plastics Corporation, Far Eastern New Century and Quadrant AG.

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