Market to Boost in Coming Years

Market to Boost in Coming Years Projected to Reach Worth 114.7 Million Tons in 2028

The growth of the polyethylene terephthalate (PET) resin market can be primarily attributed to expanding food and beverage industry, rise in PET collection coupled with augmenting recycling rates in Europe as well as demand for recyclable and sustainable materials

A recent study by the strategic consulting and market research firm;Report Ocean revealed that the Global Polyethylene Terephthalate (PET) Resin Market was 80.9 million tons in 2021 and is projected to reach 114.7 million tons by the year 2028, growing at a CAGR of 5.2% over the analysis period of 2022-2028. The expansion in the polyethylene terephthalate (PET) resin market can be primarily attributed to the large array of properties exhibited by PET resins.