ASIA PACIFIC POLYETHYLENE TEREPHTHALATE (PET) MARKET FORECAST 2018-2026
KEY FINDINGS
An increase in the number of international tourist visits and the subsequent increase in demand for bottled water is driving the market for PET packaging in the Asia-Pacific region. It is estimated that by the end of the forecast period of 2018-2026, the Asia-Pacific polyethylene terephthalate (PET) market is expected to register a CAGR of 6.93%.
MARKET INSIGHTS
In the Asia-Pacific, consumers are looking for products that have high quality and extra benefits. For example, some bottled water manufacturers are switching to PET bottles because they are considered to be healthier and offer more clarity and transparency as compared to other forms of packaging. China is a significant market for PET in this region. It is one of the emerging economies with a growing demand for food & beverages and cosmetics sectors, wherein packaging plays a crucial part. Factors like increasing consumer demand and ban of the scrap plastic import for recycling is expected to drive the market demand in this region.
COMPETITIVE INSIGHTS
Companies like RTP Company, Dow Chemical Company, M&G Chemicals, Indorama Ventures Public Company Limited, Du Pont, Toray Industries, Laxness Corporation, BASF Se, and Eastman Chemical Company are dealing in this market.
An increase in the number of international tourist visits and the subsequent increase in demand for bottled water is driving the market for PET packaging in the Asia-Pacific region. It is estimated that by the end of the forecast period of 2018-2026, the Asia-Pacific polyethylene terephthalate (PET) market is expected to register a CAGR of 6.93%.
MARKET INSIGHTS
In the Asia-Pacific, consumers are looking for products that have high quality and extra benefits. For example, some bottled water manufacturers are switching to PET bottles because they are considered to be healthier and offer more clarity and transparency as compared to other forms of packaging. China is a significant market for PET in this region. It is one of the emerging economies with a growing demand for food & beverages and cosmetics sectors, wherein packaging plays a crucial part. Factors like increasing consumer demand and ban of the scrap plastic import for recycling is expected to drive the market demand in this region.
COMPETITIVE INSIGHTS
Companies like RTP Company, Dow Chemical Company, M&G Chemicals, Indorama Ventures Public Company Limited, Du Pont, Toray Industries, Laxness Corporation, BASF Se, and Eastman Chemical Company are dealing in this market.
1. RESEARCH SCOPE
1.1. STUDY GOALS
1.2. SCOPE OF THE MARKET STUDY
1.3. WHO WILL FIND THIS REPORT USEFUL?
1.4. STUDY AND FORECASTING YEARS
2. RESEARCH METHODOLOGY
2.1. SOURCES OF DATA
2.1.1. SECONDARY DATA
2.1.2. PRIMARY DATA
2.2. TOP DOWN APPROACH
2.3. BOTTOM-UP APPROACH
2.4. DATA TRIANGULATION
3. EXECUTIVE SUMMARY
3.1. MARKET SUMMARY
3.2. KEY FINDINGS
3.2.1. ASIA PACIFIC HOLDS THE LARGEST MARKET SHARE
3.2.2. BOTTLES SEGMENT DOMINATES THE PET APPLICATIONS MARKET
4. MARKET DYNAMICS
4.1. MARKET DEFINITION
4.2. DRIVERS
4.2.1. INCREASE IN DEMAND FOR BOTTLED WATER
4.2.2. RISE IN CONSUMPTION OF READY-TO-EAT FOOD PRODUCTS
4.2.3. FULLY RECYCLABLE
4.2.4. INNOVATION IN PACKAGING THROUGH WEIGHT REDUCTION
4.2.5. TECHNOLOGICAL ADVANCEMENT
4.3. RESTRAINTS
4.3.1. STRINGENT RULES AND REGULATIONS
4.3.2. LOW PET RECYCLING RATES DUE TO HIGH CONTAMINATION
4.4. OPPORTUNITIES
4.4.1. BEER MARKET POTENTIAL
4.5. CHALLENGES
4.5.1. INCREASED COMPETITION FROM POLYPROPYLENE (PP) PLASTICS
5. ASIA PACIFIC POLYETHYLENE TEREPHTHALATE MARKET BY APPLICATION 2018-2026 ($MILLION)
5.1. BOTTLES
5.2. FILMS & SHEETS
5.3. PACKAGING
5.4. OTHERS
6. KEY ANALYTICS
6.1. PORTER’S 5 FORCE ANALYSIS
6.1.1. THREAT OF NEW ENTRANTS
6.1.2. THREAT OF SUBSTITUTE PRODUCTS
6.1.3. BARGAINING POWER OF BUYERS
6.1.4. BARGAINING POWER OF SUPPLIERS
6.1.5. INTENSITY OF COMPETITIVE RIVALRY
6.2. VENDOR LANDSCAPE
6.3. OPPORTUNITY MATRIX
7. GEOGRAPHICAL ANALYSIS
7.1. INDIA
7.2. CHINA
7.3. JAPAN
7.4. SOUTH KOREA
7.5. AUSTRALIA
7.6. REST OF ASIA PACIFIC
8. COMPETITIVE LANDSCAPE
8.1. COMPANY PROFILES
8.1.1. ARMACELL INTERNATIONAL S.A
8.1.2. BASF SE
8.1.3. DIAB GROUP
8.1.4. DOW CHEMICAL COMPANY
8.1.5. DSM
8.1.6. DU PONT
8.1.7. EASTMAN CHEMICAL COMPANY
8.1.8. GERRESHEIMER
8.1.9. INDORAMA VENTURES PUBLIC COMPANY LIMITED
8.1.10. LAXNESS CORPORATION
8.1.11. LOTTE CHEMICAL
8.1.12. M&G CHEMICALS
8.1.13. PET POWER B.V.
8.1.14. RTP COMPANY
8.1.15. TORAY INDUSTRIES
1.1. STUDY GOALS
1.2. SCOPE OF THE MARKET STUDY
1.3. WHO WILL FIND THIS REPORT USEFUL?
1.4. STUDY AND FORECASTING YEARS
2. RESEARCH METHODOLOGY
2.1. SOURCES OF DATA
2.1.1. SECONDARY DATA
2.1.2. PRIMARY DATA
2.2. TOP DOWN APPROACH
2.3. BOTTOM-UP APPROACH
2.4. DATA TRIANGULATION
3. EXECUTIVE SUMMARY
3.1. MARKET SUMMARY
3.2. KEY FINDINGS
3.2.1. ASIA PACIFIC HOLDS THE LARGEST MARKET SHARE
3.2.2. BOTTLES SEGMENT DOMINATES THE PET APPLICATIONS MARKET
4. MARKET DYNAMICS
4.1. MARKET DEFINITION
4.2. DRIVERS
4.2.1. INCREASE IN DEMAND FOR BOTTLED WATER
4.2.2. RISE IN CONSUMPTION OF READY-TO-EAT FOOD PRODUCTS
4.2.3. FULLY RECYCLABLE
4.2.4. INNOVATION IN PACKAGING THROUGH WEIGHT REDUCTION
4.2.5. TECHNOLOGICAL ADVANCEMENT
4.3. RESTRAINTS
4.3.1. STRINGENT RULES AND REGULATIONS
4.3.2. LOW PET RECYCLING RATES DUE TO HIGH CONTAMINATION
4.4. OPPORTUNITIES
4.4.1. BEER MARKET POTENTIAL
4.5. CHALLENGES
4.5.1. INCREASED COMPETITION FROM POLYPROPYLENE (PP) PLASTICS
5. ASIA PACIFIC POLYETHYLENE TEREPHTHALATE MARKET BY APPLICATION 2018-2026 ($MILLION)
5.1. BOTTLES
5.2. FILMS & SHEETS
5.3. PACKAGING
5.4. OTHERS
6. KEY ANALYTICS
6.1. PORTER’S 5 FORCE ANALYSIS
6.1.1. THREAT OF NEW ENTRANTS
6.1.2. THREAT OF SUBSTITUTE PRODUCTS
6.1.3. BARGAINING POWER OF BUYERS
6.1.4. BARGAINING POWER OF SUPPLIERS
6.1.5. INTENSITY OF COMPETITIVE RIVALRY
6.2. VENDOR LANDSCAPE
6.3. OPPORTUNITY MATRIX
7. GEOGRAPHICAL ANALYSIS
7.1. INDIA
7.2. CHINA
7.3. JAPAN
7.4. SOUTH KOREA
7.5. AUSTRALIA
7.6. REST OF ASIA PACIFIC
8. COMPETITIVE LANDSCAPE
8.1. COMPANY PROFILES
8.1.1. ARMACELL INTERNATIONAL S.A
8.1.2. BASF SE
8.1.3. DIAB GROUP
8.1.4. DOW CHEMICAL COMPANY
8.1.5. DSM
8.1.6. DU PONT
8.1.7. EASTMAN CHEMICAL COMPANY
8.1.8. GERRESHEIMER
8.1.9. INDORAMA VENTURES PUBLIC COMPANY LIMITED
8.1.10. LAXNESS CORPORATION
8.1.11. LOTTE CHEMICAL
8.1.12. M&G CHEMICALS
8.1.13. PET POWER B.V.
8.1.14. RTP COMPANY
8.1.15. TORAY INDUSTRIES
LIST OF TABLES
TABLE 1 ASIA PACIFIC PET MARKET BY COUNTRY 2018-2026 ($ MILLION)
TABLE 2 ADVANTAGES VS DISADVANTAGES
TABLE 3 ASIA PACIFIC PET MARKET BY APPLICATION 2018-2026 ($ MILLION)
TABLE 4 ASIA PACIFIC POLYETHYLENE TEREPHTHALATE MARKET BY COUNTRY 2018-2026 ($ MILLION)
TABLE 1 ASIA PACIFIC PET MARKET BY COUNTRY 2018-2026 ($ MILLION)
TABLE 2 ADVANTAGES VS DISADVANTAGES
TABLE 3 ASIA PACIFIC PET MARKET BY APPLICATION 2018-2026 ($ MILLION)
TABLE 4 ASIA PACIFIC POLYETHYLENE TEREPHTHALATE MARKET BY COUNTRY 2018-2026 ($ MILLION)
LIST OF FIGURES
FIGURE 1 ASIA PACIFIC PET MARKET BY APPLICATIONS 2018-2026 ($ MILLION)
FIGURE 2 ASIA PACIFIC POLYETHYLENE TEREPHTHALATE MARKET IN BOTTLES 2018-2026 ($ MILLION)
FIGURE 3 ASIA PACIFIC POLYETHYLENE TEREPHTHALATE (PET) MARKET IN FILMS & SHEETS 2018-2026 ($ MILLION)
FIGURE 4 ASIA PACIFIC POLYETHYLENE TEREPHTHALATE MARKET IN PACKAGING 2018-2026 ($ MILLION)
FIGURE 5 ASIA PACIFIC POLYETHYLENE TEREPHTHALATE MARKET IN OTHERS SEGMENT 2018-2026 ($ MILLION)
FIGURE 6 INDIA POLYETHYLENE TEREPHTHALATE MARKET 2018-2026 ($ MILLION)
FIGURE 7 CHINA POLYETHYLENE TEREPHTHALATE MARKET 2018-2026 ($ MILLION)
FIGURE 8 JAPAN POLYETHYLENE TEREPHTHALATE MARKET 2018-2026 ($ MILLION)
FIGURE 9 SOUTH KOREA POLYETHYLENE TEREPHTHALATE MARKET 2018-2026 ($ MILLION)
FIGURE 10 AUSTRALIA POLYETHYLENE TEREPHTHALATE MARKET 2018-2026 ($ MILLION)
FIGURE 11 REST OF ASIA PACIFIC POLYETHYLENE TEREPHTHALATE MARKET 2018-2026 ($ MILLION)
COMPANIES MENTIONED
1. ARMACELL INTERNATIONAL S.A
2. BASF SE
3. DIAB GROUP
4. DOW CHEMICAL COMPANY
5. DSM
6. DU PONT
7. EASTMAN CHEMICAL COMPANY
8. GERRESHEIMER
9. INDORAMA VENTURES PUBLIC COMPANY LIMITED
10. LAXNESS CORPORATION
11. LOTTE CHEMICAL
12. M&G CHEMICALS
13. PET POWER B.V.
14. RTP COMPANY
15. TORAY INDUSTRIES
FIGURE 1 ASIA PACIFIC PET MARKET BY APPLICATIONS 2018-2026 ($ MILLION)
FIGURE 2 ASIA PACIFIC POLYETHYLENE TEREPHTHALATE MARKET IN BOTTLES 2018-2026 ($ MILLION)
FIGURE 3 ASIA PACIFIC POLYETHYLENE TEREPHTHALATE (PET) MARKET IN FILMS & SHEETS 2018-2026 ($ MILLION)
FIGURE 4 ASIA PACIFIC POLYETHYLENE TEREPHTHALATE MARKET IN PACKAGING 2018-2026 ($ MILLION)
FIGURE 5 ASIA PACIFIC POLYETHYLENE TEREPHTHALATE MARKET IN OTHERS SEGMENT 2018-2026 ($ MILLION)
FIGURE 6 INDIA POLYETHYLENE TEREPHTHALATE MARKET 2018-2026 ($ MILLION)
FIGURE 7 CHINA POLYETHYLENE TEREPHTHALATE MARKET 2018-2026 ($ MILLION)
FIGURE 8 JAPAN POLYETHYLENE TEREPHTHALATE MARKET 2018-2026 ($ MILLION)
FIGURE 9 SOUTH KOREA POLYETHYLENE TEREPHTHALATE MARKET 2018-2026 ($ MILLION)
FIGURE 10 AUSTRALIA POLYETHYLENE TEREPHTHALATE MARKET 2018-2026 ($ MILLION)
FIGURE 11 REST OF ASIA PACIFIC POLYETHYLENE TEREPHTHALATE MARKET 2018-2026 ($ MILLION)
COMPANIES MENTIONED
1. ARMACELL INTERNATIONAL S.A
2. BASF SE
3. DIAB GROUP
4. DOW CHEMICAL COMPANY
5. DSM
6. DU PONT
7. EASTMAN CHEMICAL COMPANY
8. GERRESHEIMER
9. INDORAMA VENTURES PUBLIC COMPANY LIMITED
10. LAXNESS CORPORATION
11. LOTTE CHEMICAL
12. M&G CHEMICALS
13. PET POWER B.V.
14. RTP COMPANY
15. TORAY INDUSTRIES
