Europe Polyethylene Terephthalate (PET) Market - Segmented by Product Type, End-User Industry, and Geography - Growth, Trends, and Forecasts   (2018 - 2023)

Europe Polyethylene Terephthalate (PET) Market - Segmented by Product Type, End-User Industry, and Geography - Growth, Trends, and Forecasts (2018 - 2023)

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The Europe Polyethylene Terephthalate (PET) Market is expected to witness a CAGR of approximately 4% during the forecast period, 2018 - 2023, majorly driven by the increase in PET recycling and collection rates. Many eco-conscious bakers are also considering PET as an excellent choice, which is expected to stimulate the Europe PET market.

Increase in PET Recycling and Collection Driving the Market

PET is recycle-friendly, as its polymer chains break down at a low temperature, resulting in minimal degradation of the polymer chain during the recycling process. This ensures PET to be recycled numerous times before it becomes unfeasible for further recycling. There were 3.15 million ton PET bottles produced in the European Market in 2016. Out of this, around 60% of the bottles were collected and 1.73 million tons were mechanically recycled. The collection rates have increased by 7.4% and the recycling rates have also grown by 7.3%. This increase in PET bottles recycling and collection is likely to drive the market during the forecast period.

Food & Beverage Industry Dominated in Market

The Europe PET market, based on the end-user industry, can be broadly segmented into food & beverages, automotive, electrical & electronics, healthcare, consumer appliances, and others. The food & beverage industry dominates the Europe PET market, owing to a huge demand of PET resins for the manufacturing of bottles for soft drinks and other beverages. The food & beverages industry is a major contributor to Europe’s economy, ahead of other manufacturing sectors, such as the automotive industry. In 2016, the food & beverages production was the highest since 2008. Moreover, many eco-friendly bakers are considering PET as an excellent choice for packaging applications, which is expected to further drive the market.

Germany Contributing the Largest Share in Europe

Germany is the leading consumer of PET in the European region, due to the increased demand from the automotive and electrical & electronic industries. About 72% of the PET resin demand was from the bottle application, driven by the beverage bottles for mineral water, carbonated soft drinks, ready to drink tea, dairy, and energy drinks. It is expected that light-weight PET bottle trend will continue in the future, as it is a cost-saving measure. The country is also among the major markets for PET bottles collection and recycling.


Notable Developments in the Market

  • October 2017: The European polyethylene terephthalate (PET) industry association, Petcore Europe, announced the launch of a project called DEMETO focusing on chemical recycling of PET.

Major Players: Indorama Ventures PCL, Neo Group, BASF SE, BP PLC, and Lotte Chemical UK Ltd, among others.

Reason to Purchase this Report

  • To understand the impact of various product type on the market.
  • Analyzing various perspectives of the market with the help of Porter’s five forces analysis
  • To understand the dominating product type and end-user industry in the market
  • Countries that are expected to witness the fastest growth during the forecast period
  • Identify the latest developments, market shares, and strategies employed by the major market players
  • 3-month analyst support, along with the Market Estimate sheet (in Excel)

Customization of the Report

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1. Introduction

                1.1 Research Phases

                1.2 Study Deliverables

                1.3 Scope of the Report

2. Executive Summary

3. Market Insights

               3.1 Industry Value Chain Analysis

               3.2 Industry Attractiveness – Porter’s 5 Force Analysis

                              3.2.1 Bargaining Power of Suppliers

                              3.2.2 Bargaining Power of Consumers

                              3.2.3 Threat of New Entrants

                              3.2.4 Threat of Substitute Products and Services

                              3.2.5 Degree of Competition

               3.3 Feedstock Analysis & Trends

               3.4 Technological Snapshot

                              3.4.1 Production Process

                              3.4.2 Patent Analysis

               3.5 Import & Export Trends

               3.6 Price Trends

               3.7 Supply Scenario

                              3.7.1 Capacity and Production Analysis

                                    Major Plants Installed Capacities

               3.8 Upcoming Projects

               3.9 Regulatory Policy Analysis

4. Market Dynamics

               4.1 Drivers

                              4.1.1 Increase in PET Collection and Recycling Rates

                              4.1.2 PET as Choice for Eco-Conscious Bakers

               4.2 Restraints

                              4.2.1 Increase in Prices of PET Due to Supply Issues

                              4.2.2 Other Restraints

               4.3 Opportunities

                              4.3.1 Increasing Use of Bio-Based PET Products

5. Market Segmentation and Analysis (Market Size, Growth and Forecast)

               5.1 By Product Type

                              5.1.1 Bottles

                              5.1.2 Films and sheets

                              5.1.3 Others

               5.2 By End-user Industry

                              5.2.1 Food & Beverage

                              5.2.2 Automotive

                              5.2.3 Electrical & Electronics

                              5.2.4 Healthcare

                              5.2.5 Consumer Appliances

                              5.2.6 Others

6. Regional Market Analysis (Market Size, Growth and Forecast)

               6.1 Germany

               6.2 United Kingdom

               6.3 Italy

               6.4 France

               6.5 Spain

               6.6 Nordic Countries

               6.7 Rest of Europe

7. Future of the Market

8. Competitive Landscape

               8.1 Mergers & Acquisitions, Joint Ventures, Collaborations and Agreements

               8.2 Market Share Analysis**

               8.3 Strategies Adopted by Leading Players

9. Company Profiles (Overview, Financials**, Products & services, Recent Developments)

               9.1 Indorama Ventures PCL

               9.2 BASF SE

               9.3 Neo Group

               9.4 Invista

               9.5 Novapet SA

               9.6 BP Plc

               9.7 JBF Group

               9.8 Equipolymers

               9.9 Lotte Chemical UK Ltd

               9.10 Plastiverd

               9.11 Polisan Hellas SA

                *List not exhaustive

10. Disclaimer

**Subject to availability on public domain

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