Europe Polyethylene Terephthalate (PET) Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2029

The Europe Polyethylene Terephthalate (PET) Market is segmented by End User Industry (Automotive, Building and Construction, Electrical and Electronics, Industrial and Machinery, Packaging) and by Country (France, Germany, Italy, Russia, United Kingdom). Market Value in USD and Volume in tons are both presented. Key Data Points observed include volume of automobile production, new construction floor area, plastic packaging production volume, plastic resin production, imports and exports, and price of plastic resins.

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Europe Polyethylene Terephthalate (PET) Market Size

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Europe Polyethylene Terephthalate (PET) Market Summary
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https://s3.mordorintelligence.com/study%20period/1629296433432_test~study_period_study_period.svg Study Period 2017 - 2029
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg Market Size (2024) USD 5.38 Billion
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg Market Size (2029) USD 7.17 Billion
https://s3.mordorintelligence.com/hydraulic_fluids/1629285650767_test~hydraulic_fluids_hydraulic_fluids.svg Largest Share by End User Industry Packaging
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg CAGR (2024 - 2029) 5.91 %
https://s3.mordorintelligence.com/globe/1629285706162_test~globe_globe.svg Largest Share by Country Russia

Major Players
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*Disclaimer: Major Players sorted in alphabetical order.

Key Players

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Europe Polyethylene Terephthalate (PET) Market Analysis

The Europe Polyethylene Terephthalate (PET) Market size is estimated at 5.38 billion USD in 2024, and is expected to reach 7.17 billion USD by 2029, growing at a CAGR of 5.91% during the forecast period (2024-2029).

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5.38 Billion

Market Size in 2024 (USD)

7.17 Billion

Market Size in 2029 (USD)

4.68 %

CAGR (2017-2023)

5.91 %

CAGR (2024-2029)

Largest Market by End-user Industry

97.47 %

value share, Packaging, 2023

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Due to the wide range of applications, including bottles, jars, and containers, specifically in the food and beverages industry, the packaging industry held the largest market share.

Fastest Growing Market by End-user Industry

6.57 %

Projected CAGR, Electrical and Electronics, 2024-2029

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With the rising demand for PET films in the electrical & electronics sector owing to their high insulation, mechanical, and electrical properties it is projected to grow at the fastest rate.

Largest Market by Country

18.37 %

value share, Russia, 2023

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Owing to the high demand for PET resin, mostly in the food and beverages industry, Russia accounted for the largest market share among European countries.

Fastest Growing Market by Country

6.63 %

Projected CAGR, Russia, 2024-2029

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With plastic packaging production projected to record a CAGR of around 4.49% over the forecast period, Russia is forecast to witness the fastest growth in the market.

Leading Market Player

37.70 %

market share, Indorama Ventures Public Company Limited, 2022

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Accounting for the highest production capacity of around 1.8 million tons per year of PET resin in 2022 in Europe, the company held the largest market share. Indorama offers various grades, including bottles, sheets, and films.

Packaging sector to dominate the market over the coming years

  • PET has a broad range of applications in packaging and electrical and electronics sectors, where it is used to package foods and beverages, especially convenience-sized soft drinks and water, as well as in coil forms, electrical encapsulation, electrical devices, solenoids, and smart meters. In 2022, PET resin accounted for approximately 22% of Europe's total revenue in the engineering plastics market.
  • The packaging industry is the largest end-user of PET resin in the region. Factors such as rising population, increasing income levels, and changing lifestyles fuel the growth of the plastic packaging industry. Growing end-user segments, such as FMCG, food and beverages, pharmaceuticals, and other segments, drive the demand for plastic packaging. Plastic packaging production in Europe is projected to increase from 31.4 tons in 2023 to around 39.8 tons by 2029. The e-commerce sector in the region is anticipated to reach a revenue of approximately USD 1040.0 billion in 2027, up from USD 712.6 billion in 2023. Consequently, the growing demand from the packaging industry is expected to drive the demand for PET resin during the forecast period.
  • The electrical and electronics industry is the fastest-growing industry for PET resin in the region, with a CAGR of 6.69% in terms of value during the forecast period. The region's electrical and electronics production revenue is projected to increase from USD 808.9 billion in 2023 to USD 1140.7 billion in 2027. Consumer electronics in the region is projected to reach a revenue of around USD 225.9 billion in 2027, up from USD 210.9 billion in 2023. As a result, the growing electrical and electronics production in the region is expected to fuel the demand for PET resin in the future.
Europe Polyethylene Terephthalate (PET) Market

Russia to remain dominant market player during the forecast period

  • Polyethylene terephthalate (PET) has a wide range of applications in the packaging and electrical and electronics industries, such as for packaging foods and beverages, specifically convenience-sized soft drinks, juices, water and coil forms, electrical encapsulation, electrical devices, solenoids, and smart meters. The European segment accounted for 23% of the global PET resin consumption by value in 2022.
  • Russia is the largest and fastest-growing consumer of PET resin in Europe and is expected to register a CAGR of 6.53% by value during the forecast period (2023-2029). Flexible plastic packaging witnessed significant growth in the country owing to its durability, low weight, cost-effectiveness, and easy handling properties. Plastic packaging production in the country is projected to reach 8.19 million tons in 2029 from 6.29 million tons in 2023. The e-commerce market in the country is projected to reach USD 67.73 billion in 2027 from USD 40.92 billion in 2023. As a result, the growth in the Russian packaging industry is projected to drive the demand for PET resin during the forecast period.
  • Germany is the second-largest consumer of PET resin in the European region owing to its growing packaging, electrical and electronics, and industrial machinery industries. The preference for processed and packaged foods has propelled the food packaging market in the country due to rapidly developing lifestyles and economic growth. Germany's plastic packaging production accounted for around 14.9% of the European total in 2022. The country also has one of the largest e-commerce markets in Europe, projected to reach around USD 211.2 billion in 2027 from USD 147.6 billion in 2023. The rising packaging industry is projected to drive the demand for PET resins during the forecast period.

Europe Polyethylene Terephthalate (PET) Market Trends

Technological innovations to boost the consumer electronics market

  • Europe's electrical and electronics production registered a CAGR of over 3.8% between 2017 and 2021. The rapid pace of electronic technological innovation is driving consistent demand for newer and faster electrical and electronic products. As a result, it has also increased the demand for electrical and electronics production in the region.
  • Despite the increased demand for computers and laptops due to remote working and distance learning, the average revenue per user in the European consumer electronics segment dropped by 6.3%. It generated a revenue of around USD 252.1 billion in 2020. As a result, in 2020, the electrical and electronic production in the region decreased by 2.8% by revenue compared to the previous year.
  • In 2021, Europe's electrical and electronic equipment exports were around USD 228.37 billion, 12.4% higher compared to 2020. As a result, electrical and electronic production in the region increased and registered 11.6% in 2021 compared to the previous year.​
  • Robotics, virtual reality and augmented reality, IoT (Internet of Things), and 5G connectivity are expected to grow during the forecast period. As a result of technological advancements, demand for consumer electronics is expected to rise during the forecast period. The consumer electronics segment in the region is projected to reach a revenue of around USD 157.2 billion in 2027 from USD 121.1 billion in 2023. By 2027, Europe is projected to be the second-largest electrical and electronics production accounting for around 12.7% of the global market. As a result, the rise in consumer electronics is projected to increase the demand for electrical and electronics production in the coming years.
Europe Polyethylene Terephthalate (PET) Market

OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT

  • Demand for commercial and military aircraft to drive the component production growth
  • EU government policies and initiatives to augment the construction industry
  • Europe to remain major exporter of PET in the global trade
  • Bottles to remain dominant in the coming years
  • Electric vehicles to foster the growth of automobile production
  • E-commerce and flexible packaging to boost the plastic packaging market
  • Crude oil prices to impact the PET resin price during the forecast period
  • Under the EU's Packaging and Packaging Waste Directive PET drinking bottles must contain at least 25% recycled plastic by 2025

Europe Polyethylene Terephthalate (PET) Industry Overview

The Europe Polyethylene Terephthalate (PET) Market is fairly consolidated, with the top five companies occupying 69.78%. The major players in this market are Equipolymers, Indorama Ventures Public Company Limited, JBF Industries Ltd, NEO GROUP and SIBUR Holding PJSC (sorted alphabetically).

Europe Polyethylene Terephthalate (PET) Market Leaders

  1. Equipolymers

  2. Indorama Ventures Public Company Limited

  3. JBF Industries Ltd

  4. NEO GROUP

  5. SIBUR Holding PJSC

Europe Polyethylene Terephthalate (PET) Market Concentration

Other important companies include Alfa S.A.B. de C.V., Meltem Kimya, Novapet, Polyplex, Tatneft.

*Disclaimer: Major Players sorted in alphabetical order.

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Europe Polyethylene Terephthalate (PET) Market News

  • November 2022: NOVAPET, S.A. launched ultra-thin-walled PET cups containing 30% recycled PET using Novapet SPRIT B21.
  • September 2022: SIBUR launched the production of PET granules using recycled feedstock. The new product, Vivilen rPET granules, contains up to 25–30% recycled polymers and will now be manufactured at POLIEF.
  • June 2022: Alpek acquired OCTAL, which increased Alpek's PET resin capacity by 576,000 tons, helping it meet customers' increased demand.

Free with this Report

We provide a complimentary and exhaustive set of data points on global and regional metrics that present the fundamental structure of the industry. Presented in the form of 15+ free charts, the section covers rare data on various end-user production trends including passenger vehicle production, commercial vehicle production, motorcycle production, aerospace components production, electrical and electronics production, and regional data for engineering plastics demand etc.

Europe Polyethylene Terephthalate (PET) Market
Europe Polyethylene Terephthalate (PET) Market
Europe Polyethylene Terephthalate (PET) Market
Europe Polyethylene Terephthalate (PET) Market

Europe Polyethylene Terephthalate (PET) Market Report - Table of Contents

  1. EXECUTIVE SUMMARY & KEY FINDINGS

  2. REPORT OFFERS

  3. 1. INTRODUCTION

    1. 1.1. Study Assumptions & Market Definition

    2. 1.2. Scope of the Study​

    3. 1.3. Research Methodology

  4. 2. KEY INDUSTRY TRENDS

    1. 2.1. End User Trends

      1. 2.1.1. Aerospace

      2. 2.1.2. Automotive

      3. 2.1.3. Building and Construction

      4. 2.1.4. Electrical and Electronics

      5. 2.1.5. Packaging

    2. 2.2. Import And Export Trends

      1. 2.2.1. Polyethylene Terephthalate (PET) Trade

    3. 2.3. Price Trends

    4. 2.4. Form Trends

    5. 2.5. Recycling Overview

      1. 2.5.1. Polyethylene Terephthalate (PET) Recycling Trends

    6. 2.6. Regulatory Framework

      1. 2.6.1. EU

      2. 2.6.2. France

      3. 2.6.3. Germany

      4. 2.6.4. Italy

      5. 2.6.5. Russia

      6. 2.6.6. United Kingdom

    7. 2.7. Value Chain & Distribution Channel Analysis

  5. 3. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2029 and analysis of growth prospects)

    1. 3.1. End User Industry

      1. 3.1.1. Automotive

      2. 3.1.2. Building and Construction

      3. 3.1.3. Electrical and Electronics

      4. 3.1.4. Industrial and Machinery

      5. 3.1.5. Packaging

      6. 3.1.6. Other End-user Industries

    2. 3.2. Country

      1. 3.2.1. France

      2. 3.2.2. Germany

      3. 3.2.3. Italy

      4. 3.2.4. Russia

      5. 3.2.5. United Kingdom

      6. 3.2.6. Rest of Europe

  6. 4. COMPETITIVE LANDSCAPE

    1. 4.1. Key Strategic Moves

    2. 4.2. Market Share Analysis

    3. 4.3. Company Landscape

    4. 4.4. Company Profiles (includes Global Level Overview, Market Level Overview, Core Business Segments, Financials, Headcount, Key Information, Market Rank, Market Share, Products and Services, and Analysis of Recent Developments).

      1. 4.4.1. Alfa S.A.B. de C.V.

      2. 4.4.2. Equipolymers

      3. 4.4.3. Indorama Ventures Public Company Limited

      4. 4.4.4. JBF Industries Ltd

      5. 4.4.5. Meltem Kimya

      6. 4.4.6. NEO GROUP

      7. 4.4.7. Novapet

      8. 4.4.8. Polyplex

      9. 4.4.9. SIBUR Holding PJSC

      10. 4.4.10. Tatneft

  7. 5. KEY STRATEGIC QUESTIONS FOR ENGINEERING PLASTICS CEOS

  8. 6. APPENDIX

    1. 6.1. Global Overview

      1. 6.1.1. Overview

      2. 6.1.2. Porter’s Five Forces Framework (Industry Attractiveness Analysis)

      3. 6.1.3. Global Value Chain Analysis

      4. 6.1.4. Market Dynamics (DROs)

    2. 6.2. Sources & References

    3. 6.3. List of Tables & Figures

    4. 6.4. Primary Insights

    5. 6.5. Data Pack

    6. 6.6. Glossary of Terms

List of Tables & Figures

  1. Figure 1:  
  2. PRODUCTION REVENUE OF AEROSPACE COMPONENTS, USD, EUROPE, 2017 - 2029
  1. Figure 2:  
  2. PRODUCTION VOLUME OF AUTOMOBILES, UNITS, EUROPE, 2017 - 2029
  1. Figure 3:  
  2. FLOOR AREA OF NEW CONSTRUCTION, SQUARE FEET, EUROPE, 2017 - 2029
  1. Figure 4:  
  2. PRODUCTION REVENUE OF ELECTRICAL AND ELECTRONICS, USD, EUROPE, 2017 - 2029
  1. Figure 5:  
  2. PRODUCTION VOLUME OF PLASTIC PACKAGING, TONS, EUROPE, 2017 - 2029
  1. Figure 6:  
  2. IMPORT REVENUE OF POLYETHYLENE TEREPHTHALATE (PET) TRADE BY TOP COUNTRIES, USD, EUROPE, 2017 - 2021
  1. Figure 7:  
  2. EXPORT REVENUE OF POLYETHYLENE TEREPHTHALATE (PET) TRADE BY TOP COUNTRIES, USD, EUROPE, 2017 - 2021
  1. Figure 8:  
  2. EUROPE POLYETHYLENE TEREPHTHALATE (PET) MARKET, PRICE TRENDS, BY COUNTRY, USD PER KG, 2017-2021
  1. Figure 9:  
  2. REVENUE OF POLYETHYLENE TEREPHTHALATE (PET) BY FORM TYPE, USD, EUROPE, 2017, 2023, AND 2029
  1. Figure 10:  
  2. VOLUME OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED, TONS, EUROPE, 2017 - 2029
  1. Figure 11:  
  2. VALUE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED, USD, EUROPE, 2017 - 2029
  1. Figure 12:  
  2. VOLUME OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED BY END USER INDUSTRY, TONS, EUROPE, 2017 - 2029
  1. Figure 13:  
  2. VALUE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED BY END USER INDUSTRY, USD, EUROPE, 2017 - 2029
  1. Figure 14:  
  2. VOLUME SHARE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED BY END USER INDUSTRY, %, EUROPE, 2017, 2023, AND 2029
  1. Figure 15:  
  2. VALUE SHARE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED BY END USER INDUSTRY, %, EUROPE, 2017, 2023, AND 2029
  1. Figure 16:  
  2. VOLUME OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED IN AUTOMOTIVE INDUSTRY, TONS, EUROPE, 2017 - 2029
  1. Figure 17:  
  2. VALUE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED IN AUTOMOTIVE INDUSTRY, USD, EUROPE, 2017 - 2029
  1. Figure 18:  
  2. VALUE SHARE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED IN AUTOMOTIVE INDUSTRY BY COUNTRY, %, EUROPE, 2022 VS 2029
  1. Figure 19:  
  2. VOLUME OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED IN BUILDING AND CONSTRUCTION INDUSTRY, TONS, EUROPE, 2017 - 2029
  1. Figure 20:  
  2. VALUE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED IN BUILDING AND CONSTRUCTION INDUSTRY, USD, EUROPE, 2017 - 2029
  1. Figure 21:  
  2. VALUE SHARE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED IN BUILDING AND CONSTRUCTION INDUSTRY BY COUNTRY, %, EUROPE, 2022 VS 2029
  1. Figure 22:  
  2. VOLUME OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED IN ELECTRICAL AND ELECTRONICS INDUSTRY, TONS, EUROPE, 2017 - 2029
  1. Figure 23:  
  2. VALUE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED IN ELECTRICAL AND ELECTRONICS INDUSTRY, USD, EUROPE, 2017 - 2029
  1. Figure 24:  
  2. VALUE SHARE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED IN ELECTRICAL AND ELECTRONICS INDUSTRY BY COUNTRY, %, EUROPE, 2022 VS 2029
  1. Figure 25:  
  2. VOLUME OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED IN INDUSTRIAL AND MACHINERY INDUSTRY, TONS, EUROPE, 2017 - 2029
  1. Figure 26:  
  2. VALUE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED IN INDUSTRIAL AND MACHINERY INDUSTRY, USD, EUROPE, 2017 - 2029
  1. Figure 27:  
  2. VALUE SHARE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED IN INDUSTRIAL AND MACHINERY INDUSTRY BY COUNTRY, %, EUROPE, 2022 VS 2029
  1. Figure 28:  
  2. VOLUME OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED IN PACKAGING INDUSTRY, TONS, EUROPE, 2017 - 2029
  1. Figure 29:  
  2. VALUE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED IN PACKAGING INDUSTRY, USD, EUROPE, 2017 - 2029
  1. Figure 30:  
  2. VALUE SHARE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED IN PACKAGING INDUSTRY BY COUNTRY, %, EUROPE, 2022 VS 2029
  1. Figure 31:  
  2. VOLUME OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED IN OTHER END-USER INDUSTRIES INDUSTRY, TONS, EUROPE, 2017 - 2029
  1. Figure 32:  
  2. VALUE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED IN OTHER END-USER INDUSTRIES INDUSTRY, USD, EUROPE, 2017 - 2029
  1. Figure 33:  
  2. VALUE SHARE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED IN OTHER END-USER INDUSTRIES INDUSTRY BY COUNTRY, %, EUROPE, 2022 VS 2029
  1. Figure 34:  
  2. VOLUME OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED BY COUNTRY, TONS, EUROPE, 2017 - 2029
  1. Figure 35:  
  2. VALUE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED BY COUNTRY, USD, EUROPE, 2017 - 2029
  1. Figure 36:  
  2. VOLUME SHARE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED BY COUNTRY, %, EUROPE, 2017, 2023, AND 2029
  1. Figure 37:  
  2. VALUE SHARE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED BY COUNTRY, %, EUROPE, 2017, 2023, AND 2029
  1. Figure 38:  
  2. VOLUME OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED, TONS, FRANCE, 2017 - 2029
  1. Figure 39:  
  2. VALUE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED, USD, FRANCE, 2017 - 2029
  1. Figure 40:  
  2. VALUE SHARE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED BY END USER INDUSTRY, %, FRANCE, 2022 VS 2029
  1. Figure 41:  
  2. VOLUME OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED, TONS, GERMANY, 2017 - 2029
  1. Figure 42:  
  2. VALUE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED, USD, GERMANY, 2017 - 2029
  1. Figure 43:  
  2. VALUE SHARE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED BY END USER INDUSTRY, %, GERMANY, 2022 VS 2029
  1. Figure 44:  
  2. VOLUME OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED, TONS, ITALY, 2017 - 2029
  1. Figure 45:  
  2. VALUE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED, USD, ITALY, 2017 - 2029
  1. Figure 46:  
  2. VALUE SHARE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED BY END USER INDUSTRY, %, ITALY, 2022 VS 2029
  1. Figure 47:  
  2. VOLUME OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED, TONS, RUSSIA, 2017 - 2029
  1. Figure 48:  
  2. VALUE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED, USD, RUSSIA, 2017 - 2029
  1. Figure 49:  
  2. VALUE SHARE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED BY END USER INDUSTRY, %, RUSSIA, 2022 VS 2029
  1. Figure 50:  
  2. VOLUME OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED, TONS, UNITED KINGDOM, 2017 - 2029
  1. Figure 51:  
  2. VALUE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED, USD, UNITED KINGDOM, 2017 - 2029
  1. Figure 52:  
  2. VALUE SHARE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED BY END USER INDUSTRY, %, UNITED KINGDOM, 2022 VS 2029
  1. Figure 53:  
  2. VOLUME OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED, TONS, REST OF EUROPE, 2017 - 2029
  1. Figure 54:  
  2. VALUE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED, USD, REST OF EUROPE, 2017 - 2029
  1. Figure 55:  
  2. VALUE SHARE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED BY END USER INDUSTRY, %, REST OF EUROPE, 2022 VS 2029
  1. Figure 56:  
  2. MOST ACTIVE COMPANIES BY NUMBER OF STRATEGIC MOVES, EUROPE, 2019 - 2021
  1. Figure 57:  
  2. MOST ADOPTED STRATEGIES, COUNT, EUROPE, 2019 - 2021
  1. Figure 58:  
  2. PRODUCTION CAPACITY SHARE OF POLYETHYLENE TEREPHTHALATE (PET) BY MAJOR PLAYERS, %, EUROPE, 2022

Europe Polyethylene Terephthalate (PET) Industry Segmentation

Automotive, Building and Construction, Electrical and Electronics, Industrial and Machinery, Packaging are covered as segments by End User Industry. France, Germany, Italy, Russia, United Kingdom are covered as segments by Country.

  • PET has a broad range of applications in packaging and electrical and electronics sectors, where it is used to package foods and beverages, especially convenience-sized soft drinks and water, as well as in coil forms, electrical encapsulation, electrical devices, solenoids, and smart meters. In 2022, PET resin accounted for approximately 22% of Europe's total revenue in the engineering plastics market.
  • The packaging industry is the largest end-user of PET resin in the region. Factors such as rising population, increasing income levels, and changing lifestyles fuel the growth of the plastic packaging industry. Growing end-user segments, such as FMCG, food and beverages, pharmaceuticals, and other segments, drive the demand for plastic packaging. Plastic packaging production in Europe is projected to increase from 31.4 tons in 2023 to around 39.8 tons by 2029. The e-commerce sector in the region is anticipated to reach a revenue of approximately USD 1040.0 billion in 2027, up from USD 712.6 billion in 2023. Consequently, the growing demand from the packaging industry is expected to drive the demand for PET resin during the forecast period.
  • The electrical and electronics industry is the fastest-growing industry for PET resin in the region, with a CAGR of 6.69% in terms of value during the forecast period. The region's electrical and electronics production revenue is projected to increase from USD 808.9 billion in 2023 to USD 1140.7 billion in 2027. Consumer electronics in the region is projected to reach a revenue of around USD 225.9 billion in 2027, up from USD 210.9 billion in 2023. As a result, the growing electrical and electronics production in the region is expected to fuel the demand for PET resin in the future.
End User Industry
Automotive
Building and Construction
Electrical and Electronics
Industrial and Machinery
Packaging
Other End-user Industries
Country
France
Germany
Italy
Russia
United Kingdom
Rest of Europe
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Market Definition

  • End-user Industry - Building & Construction, Packaging, Automotive, Industrial Machinery, Electrical & Electronics, and Others are the end-user industries considered under the polyethylene terephthalate market.
  • Resin - Under the scope of the study, virgin polyethylene terephthalate resin in primary forms such as liquid, powder, pellet, etc. are considered.
Keyword Definition
Acetal This is a rigid material that has a slippery surface. It can easily withstand wear and tear in abusive work environments. This polymer is used for building applications such as gears, bearings, valve components, etc.
Acrylic This synthetic resin is a derivative of acrylic acid. It forms a smooth surface and is mainly used for various indoor applications. The material can also be used for outdoor applications with a special formulation.
Cast film A cast film is made by depositing a layer of plastic onto a surface then solidifying and removing the film from that surface. The plastic layer can be in molten form, in a solution, or in dispersion.
Colorants & Pigments Colorants & Pigments are additives used to change the color of the plastic. They can be a powder or a resin/color premix.
Composite material A composite material is a material that is produced from two or more constituent materials. These constituent materials have dissimilar chemical or physical properties and are merged to create a material with properties unlike the individual elements.
Degree of Polymerization (DP) The number of monomeric units in a macromolecule, polymer, or oligomer molecule is referred to as the degree of polymerization or DP. Plastics with useful physical properties often have DPs in the thousands.
Dispersion To create a suspension or solution of material in another substance, fine, agglomerated solid particles of one substance are dispersed in a liquid or another substance to form a dispersion.
Fiberglass Fiberglass-reinforced plastic is a material made up of glass fibers embedded in a resin matrix. These materials have high tensile and impact strength. Handrails and platforms are two examples of lightweight structural applications that use standard fiberglass.
Fiber-reinforced polymer (FRP) Fiber-reinforced polymer is a composite material made of a polymer matrix reinforced with fibers. The fibers are usually glass, carbon, aramid, or basalt.
Flake This is a dry, peeled-off piece, usually with an uneven surface, and is the base of cellulosic plastics.
Fluoropolymers This is a fluorocarbon-based polymer with multiple carbon-fluorine bonds. It is characterized by high resistance to solvents, acids, and bases. These materials are tough yet easy to machine. Some of the popular fluoropolymers are PTFE, ETFE, PVDF, PVF, etc.
Kevlar Kevlar is the commonly referred name for aramid fiber, which was initially a Dupont brand for aramid fiber. Any group of lightweight, heat-resistant, solid, synthetic, aromatic polyamide materials that are fashioned into fibers, filaments, or sheets is called aramid fiber. They are classified into Para-aramid and Meta-aramid.
Laminate A structure or surface composed of sequential layers of material bonded under pressure and heat to build up to the desired shape and width.
Nylon They are synthetic fiber-forming polyamides formed into yarns and monofilaments. These fibers possess excellent tensile strength, durability, and elasticity. They have high melting points and can resist chemicals and various liquids.
PET preform A preform is an intermediate product that is subsequently blown into a polyethylene terephthalate (PET) bottle or a container.
Plastic compounding Compounding consists of preparing plastic formulations by mixing and/or blending polymers and additives in a molten state to achieve the desired characteristics. These blends are automatically dosed with fixed setpoints usually through feeders/hoppers.
Plastic pellets Plastic pellets, also known as pre-production pellets or nurdles, are the building blocks for nearly every product made of plastic.
Polymerization It is a chemical reaction of several monomer molecules to form polymer chains that form stable covalent bonds.
Styrene Copolymers A copolymer is a polymer derived from more than one species of monomer, and a styrene copolymer is a chain of polymers consisting of styrene and acrylate.
Thermoplastics Thermoplastics are defined as polymers that become soft material when it is heated and becomes hard when it is cooled. Thermoplastics have wide-ranging properties and can be remolded and recycled without affecting their physical properties.
Virgin Plastic It is a basic form of plastic that has never been used, processed, or developed. It may be considered more valuable than recycled or already used materials.
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Europe Polyethylene Terephthalate (PET) Market Research FAQs

The Europe Polyethylene Terephthalate (PET) Market size is expected to reach USD 5.38 billion in 2024 and grow at a CAGR of 5.91% to reach USD 7.17 billion by 2029.

In 2024, the Europe Polyethylene Terephthalate (PET) Market size is expected to reach USD 5.38 billion.

Equipolymers, Indorama Ventures Public Company Limited, JBF Industries Ltd, NEO GROUP and SIBUR Holding PJSC are the major companies operating in the Europe Polyethylene Terephthalate (PET) Market.

In the Europe Polyethylene Terephthalate (PET) Market, the Packaging segment accounts for the largest share by end user industry.

In 2024, Russia accounts for the largest share by country in the Europe Polyethylene Terephthalate (PET) Market.

In 2023, the Europe Polyethylene Terephthalate (PET) Market size was estimated at 5.38 billion. The report covers the Europe Polyethylene Terephthalate (PET) Market historical market size for years: 2017, 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Europe Polyethylene Terephthalate (PET) Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

PET in Europe Industry Report

Statistics for the 2023 Europe Polyethylene Terephthalate (PET) market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Europe Polyethylene Terephthalate (PET) analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

PET Market in Europe Report Snapshots

Europe Polyethylene Terephthalate (PET) Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2029