The global demand for PETG market in 2019 is approximately USD 700 Million and is anticipated to reach around USD 820 Million by 2026. The anticipated CAGR for the Global PETG market is around 2% from 2020 to 2026.
This professional and specialized report study examines the technical and business perspective of the PETG industry. The report provides a historical analysis of the industry as well as the projected trends expected to be witnessed in the PETG market. The report study analyzes the market statistics at the global as well as the regional levels to gain an in-depth perspective of the overall PETG market. The historical insights are provided from 2016 to 2019 and projected trends are provided from 2020 to 2026. The quantitative data is provided in terms of both volume (Kilo Tons) and value (USD Million) for 2016 – 2026. The qualitative data is reinforced by analyzing and providing numerous market dynamics (directly or indirectly affecting the industry) such as growth drivers, restraints, challenges, and opportunities.
We have included various industry analysis models in our report and extensively demonstrated the key business strategies and competitive landscape of the PETG market in our study.
Our study also includes an analysis of Porter’s Five Forces framework for understanding the competitive strategies adopted by various stakeholders involved in the entire value chain of the PETG market. It also encompasses PESTLE analysis and SWOT analysis.
The report also offers an in-depth analysis of the market shares of each industry player and gives an outline of the market position of key players in the PETG market. Moreover, the study offers wide coverage of key strategic advances witnessed in the market such as new product launches, acquisitions & mergers, collaborations & joint ventures, funding & VC activities, agreements, partnerships, R&D activities, and regional expansion of key players of the PETG market.
The research study provides a critical assessment of the PETG industry by logically segmenting the market on the basis of Type, Application, and regions. Based on the past, present, and future trends, all the segments were analyzed from the bottom up, and the market sizes have been estimated from 2020 to 2026. The regional segmentation of the PETG industry includes the holistic bifurcation of all the five major continents including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
Polyethylene Terephthalate-Glycol (PETG) is defined as a type of thermoplastic polymer that is largely used in the manufacture of liquid bottles and containers and also in another packaging that is dust and water repellent. They are also highly preferred in medical and pharmaceutical packagings. PETG is in high demand in the food and beverage industry as the PETG filaments are considered to be food-safe and can be sterilized. The demands of the growing population and their food consumption habits across the globe can be fulfilled by the PETG market in the coming years. They are also used in other fields such as manufacturing 3D printings. The Asian Pacific region is considered to be the dominant region as the countries belonging to this region are among the top growing economies in the world with a large population moving from rural to urban areas for better lifestyle and opportunities. Also, the encouragement from the governments of these countries through their government subsidies to come up with new innovations due to the availability of better opportunities, space, and raw materials.
The PETG market is segmented based on Grade and Application. On the basis of Grade segmentation, the market is classified into Extruded Grade, Injection Molding Grade, and Blow Molding Grade. In terms of Application segmentation, the market is bifurcated into Sheet, Film, Bottle & Container, Extruded Profile, and Others.
Some of the essential players operating in the PETG market, but not restricted to include
The taxonomy of the PETG industry by its scope and segmentation is as follows:
Global PETG Market: By Grade Segmentation Analysis
Global PETG Market: By Application Segmentation Analysis
Global PETG Market: Regional Segmentation Analysis
KEY BUSINESS POINTERS ADDRESSED & FOREMOST REASONS TO PROCURE THE REPORT:
Key Insights from Primary Research
Key Recommendations from Analysts