Polyethylene Terephthalate-Glycol (PETG) Market (By Grade: Extrusion Grade PETG, Injection Molding Grade PETG, Others; By Application: Films & Sheets, Bottles/ Containers, Others; By End Use: Building & Construction, Food & Beverages, Electronics & Electricals, Automotive, Healthcare & Pharmaceuticals, Others) – Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 - 2027

The global polyethylene terephthalate-glycol (PETG) market is anticipated to grow at a CAGR of around 3.7% during the forecast period 2020 to 2027 and to reach around US$ 925.2 Mn by 2027.

Market Dynamics

Rapid advancements in polymer technology, introduction of innovative products from major players, coupled with wide applicability of polyethylene terephthalate-glycol (PETG) from various end use industries such as Food & Beverages, Electronics & Electricals, Automotive, Healthcare & Pharmaceuticals, etc. are major factors expected to drive the growth of global market. Flourishing food & beverage sector across the globe and developing government regulation related to food and beverage packaging is resulting in rising demand for manufacturers for PETG due to its properties such as cost-effective. Players are focused on introduction of innovative products and polyethylene terephthalate-glycol tends to a better solution for bottle and container packing of products.

Government is spending high on the development of healthcare sector, and players are investment high for development of new medical devices, along with wide applicability of PETG in thermoformed trays, clamshell packaging, blister packaging, mounting cards, lids and folding cartons is another important factors expected to further support the growth of target market.

Major players are focused on business expansion through strategic merger and acquisition in order to increase the customer base and enhance the product portfolio this is another factors expected to further support the growth of target market. In addition, emergence of small and mid-size enterprises along with introduction of new products is another factor expected to impact the growth of target market positively.

High investment by major players for R&D activities and approach towards development of new grade products is expected to support the revenue traction of target market. Adoption of injection module grade by manufactures is high due to better quality of products.

However, factors such as fluctuating raw material prices and rising environment regulation are expected to hamper the growth of global polyethylene terephthalate-glycol (PETG) market. In addition, stringent government regulation related to use of plastic in packaging is another factor expected to challenge the growth of target market.

Major players focus on R&D activities and innovative product offerings are factors expected to create new opportunities for players operating in the target market over the forecast period. In addition, rising strategic partnerships and agreements in order to increase the presence of business is another factor expected to support the revenue traction of the target market.

Polyethylene Terephthalate-Glycol (PETG) Market Segment Analysis, 2019

The global polyethylene terephthalate-glycol (PETG) market is segmented into grade, application and end use. The end use segment is further bifurcated into building & construction, food & beverages, electronics & electrical, automotive, healthcare & pharmaceuticals, and others. Among grade the injection molding grade is expected to account for significant revenue share in the global market due to easy manufacturing process.

Segment Analysis by Region

The market in North America is expected to account for significant revenue share owing to high demand from various end use industries such as food & beverage, construction, etc. In addition, presence of major players operating in the country and new product offerings is another factor expected to further support the growth of target market.  

Asia Pacific is expected to witness faster growth in the near future owing to high demand for polyethylene terephthalate-glycol from automotive and construction sector. In addition, presence of large number of electronics manufacturers operating in the country, coupled with demand for better packaging solution is another important factors expected to further support the growth of target market in this region. 

Competitive Landscape

The global market is high highly competitive due to presence of large number of players and innovative product offerings. In addition, business expansion activities through partnerships and agreements are factors expected to further increase the competition.

Report coverage

The market research study on “Polyethylene Terephthalate-Glycol (PETG) Market (Grade: Extrusion Grade PETG, Injection Molding Grade PETG, and Others; Application: Films & Sheets, Bottles/ Containers, and Others; End Use: Building & Construction, Food & Beverages, Electronics & Electrical, Automotive, Healthcare & Pharmaceuticals, and Others) – Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 - 2027”, offers a detailed insights on the global polyethylene terephthalate-glycol (PETG) market entailing insights on its different market segments. Market dynamics with drivers, restraints and opportunities with their impact are provided in the report. The report provides insights on global polyethylene terephthalate-glycol (PETG) market segment by grade, application, end use and major geographic regions. The report covers basic development policies and layouts of technology development processes. Secondly, the report covers global polyethylene terephthalate-glycol (PETG) market size and segment markets by grade, application, end use and geography along with the information on companies operating in the market. The polyethylene terephthalate-glycol (PETG) market analysis is provided for major regional market including North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. For each region, the market size for different segments has been covered under the scope of report. The players profiled in the report FUJIFILM Irvine Scientific, Bonset America Corporation, 3A Composites GmbH, Eastman Chemical Company, Jiangsu Jinghong new Mstar Technology Ltd., Ningbo Jinyuan Packing Material Co., Ltd., Henan Yinjinda New Materials Co. Ltd., Klockner & CO., Bilcare Limited, Uflex Limited, Selenis, SK Chemicals, Jiangyin Film-Maker Plastic Co., Ltd., and Far Eastern New Century Corporation.

Market Segmentation

Market By Grade

• Extrusion Grade PETG
• Injection Molding Grade PETG
• Others

Market By Application

• Films & Sheets
• Bottles/ Containers
• Others

Market By End Use

• Building & Construction
• Food & Beverages
• Electronics & Electricals
• Automotive
• Healthcare & Pharmaceuticals
• Others

Market By Region

North America

• U.S.
• Canada

Europe

• UK.
• Germany
• France
• Spain
• Rest of Europe

Asia-Pacific

• China
• Japan
• India
• Australia
• South Korea
• Rest of Asia-Pacific

Latin America

• Brazil
• Mexico
• Rest of Latin America

Middle East & Africa

• GCC
• South Africa
• Rest of Middle East & Africa