Market Size of GCC Polyethylene Terephthalate (PET) Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | > 4.00 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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GCC PET Packaging Market Analysis
The polyethylene terephthalate (PET) market (henceforth, referred to as the market studied) in GCC is expected to register a CAGR greater than 4%, during the forecast period. Increasing emphasis on recycling is driving the growth of the market studied. However, fluctuation in raw material prices is expected to restrain the market studied during the forecast period.
- The bottles segment accounted for a major share of the market studied among the end-user industries currently, and it is expected to continue its dominance during the forecast period.
- Saudi Arabia dominated the market studied, owing to the high demand from the end-user industries, including food and beverage and healthcare.
