Market Size of Crystalline Polyethylene Terephthalate Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 4.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Crystalline Polyethylene Terepthalate Market Analysis
The market for Crystalline Polyethylene Terephthalate is expected to grow at a CAGR of over 4% globally during the forecast period. Major factors driving the market studied are increasing demand from the food & beverage industry. On the flip side, stringent environmental regulations and unfavorable conditions arising due to the COVID-19 outbreak are expected to hinder the growth of the market studied.
- Increasing demand owing to the wide range of applications in the food & beverage industry is expected to drive market growth during the forecast period.
- Asia-Pacific region is expected to dominate the market across the globe with the largest consumption coming from countries such as China, Japan, and India.
