The Amorphous Polyethylene Terephthalate (APET) Market is estimated to be USD 28.86 Billion in 2017 and is projected to reach USD 40.85 Billion by 2022, at a CAGR of 7.2% during the forecast period from 2017 to 2022. The growth of the amorphous polyethylene terephthalate (APET) market can be attributed to the increasing demand for packaging materials manufactured from amorphous polyethylene terephthalate from the food & beverages industry. Moreover, the increasing purchasing power of consumers, changing lifestyle and food habits of masses, and growing popularity of ready-to-eat food items across the globe are also fuelling the growth of the amorphous polyethylene terephthalate (APET) market.

Browse 91 Market Data Tables and 35 Figures spread through 145 Pages and in-depth TOC on "Amorphous Polyethylene Terephthalate Market by Application (Bottles, Films/Sheets, Food Packaging), End-use Industry (Food & Beverages, Pharmaceuticals), Region (North America, Europe, Asia Pacific, South America, Middle East & Africa) - Global Forecast to 2022"

In terms of value, the food & beverages end-use industry segment is projected to lead the amorphous polyethylene terephthalate (APET) market from 2017 to 2022.

The food & beverages end-use industry segment is projected to lead the amorphous polyethylene terephthalate (APET) market in terms of value during the forecast period. The increased demand for bottles, containers, and trays, among others, manufactured from amorphous polyethylene terephthalate for packaging food items & beverages, is fueling the growth of the food & beverages end-use industry segment of the market. Changing lifestyle of masses and busy schedules of the working class population across the globe are other factors fueling the consumption of on-the-go food items. This, in turn, is leading to the increased demand for packaging materials made of amorphous polyethylene terephthalate (APET) from the food & beverages industry, thereby fueling the growth of the food & beverages end-use industry segment of the market.

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Indorama Ventures Public Company Limited (Thailand) is one of the leading producers of amorphous polyethylene terephthalate in the world. It has a large customer base and a global presence. In July 2017, Indorama Ventures Public Company Limited completed the expansion of its brownfield project of purified terephthalic acid (PTA) plant in Spain to increase its production capacity to over 1 million tons of purified terephthalic acid (PTA) per annum. This expansion is expected to scale up the commercial production of polyethylene terephthalate by the company. In September 2016, Micro Polypet Private Limited (MicroPet) (India), which is a polyethylene terephthalate company of Indorama Ventures Public Company Limited (IVL) (Thailand), entered into a joint venture with Dhunseri Petrochem Ltd. (India) and acquired 50% stake in Dhunseri Petglobal Ltd. (which is a subsidiary of Dhunseri Petrochem Ltd.). It enabled the company to retain a competitive market position in the Asian polyethylene terephthalate resin market.

The Far Eastern New Century Corporation (FENC) (Taiwan) is another leading producer of amorphous polyethylene terephthalate in the world. It offers products for various end-use application markets. In April 2013, the company entered into a joint venture with Ishizuka Glass Co., Ltd. (Japan) to establish Far Eastern Ishizuka Green PET Corporation (Japan) to carry out production and distribution of its recycled polyethylene terephthalate (R-PET) in the country.

In terms of value, the Asia Pacific amorphous polyethylene terephthalate (APET) market is projected to grow at the highest CAGR during the forecast period.

The Asia Pacific amorphous polyethylene terephthalate (APET) market is expected to grow at the highest CAGR in terms of value during the forecast period. China, India, South Korea, and Australia are the key countries contributing to the demand for amorphous polyethylene terephthalate from the Asia Pacific region. Increasing population and improving economic conditions are the factors expected to drive the growth of the food & beverages industry in the Asia Pacific region, which is further fueling the growth of the amorphous polyethylene terephthalate (APET) in the region.

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