South America Polyethylene Terephthalate (PET) Resin Market - Growth, Trends, COVID-19 Impact, and Forecasts (2023 - 2028)

The market is segmented by Product Type (Bottles, Films & Sheets, and Other Product Types), End-user Industry (Food & Beverage, Automotive, Electrical & Electronics, Healthcare, Consumer Goods, and Other End-user Industries), and Geography (Brazil, Argentina, Chile, Colombia, and Rest of South America)

South America PET Industry Overview

Market Summary - South America Polyethylene Terephthalate (PET) Resin Market
Study Period: 2018 - 2028
CAGR: > 4 %

Major Players

rd-img

*Disclaimer: Major Players sorted in no particular order

setting-icon

Need a report that reflects how COVID-19 has impacted this market and its growth?

South America PET Market Analysis

The South America polyethylene terephthalate (PET) resin market is estimated to witness a significant growth, at an estimated CAGR of over 4%, over the forecast period. Growing food and beverage industry and growing demand for sustainable and recyclable material are expected to drive the market during the forecast period.

  • Increasing use of bio-based PET products are projected to create opportunities to the market growth in the future.
  • Brazil is expected to dominate the market and is also expected to witness the fastest CAGR during the forecast period.

 

South America PET Industry Segments

The South America polyethylene terephthalate (PET) resin market report includes:

Product Type
Bottles
Films and Sheets
Other Product Types
End-user Industry
Food and Beverage
Automotive
Electrical and Electronics
Healthcare
Consumer Goods
Other End-user Industries
Geography
Brazil
Argentina
Chile
Colombia
Rest of South America

Report scope can be customized per your requirements. Click here.

South America PET Market Trends

This section covers the major market trends shaping the South America PET Market according to our research experts:

Increasing Demand from Food & Beverage Industry

  • PET is a plastic material, which has found increasing applications in the food and beverage industry for packaging purposes. PET has been replacing glass in food packaging applications, owing to its extremely lightweight, easy and efficient to transport, and shatterproof features.
  • PET is a very strong and inert material that does not react with foods. It is resistant to attacks by micro-organisms and will not biologically degrade. Additionally, unlike glass, PET is extremely lightweight, easy and efficient to transport, re-sealable for efficient on-the-go hydration, environmentally safe, recyclable, and shatterproof. Owing to its chemical inertness and physical properties, especially glass-like transparency, lightweight, and rigidity, PET is widely used as a food packaging material. 
  • Common applications of PET in the food and beverage industry are bottled water, milk, juices, and carbonated drinks bottles, ketchup, jars for peanut butter, mayonnaise, pickles, jam, and others, sandwich boxes, tubs and food containers, can laminations, etc.
  • Besides packaging, PET is also used in the food industry for clamshells, deli containers, as well as microwave food trays. Growing population, increase in consumers’ disposable income and purchasing power, increasing demand for easily transportable and flexible food packaging, etc. are further expected to increase the demand for PET during the forecast period.
South America Polyethylene Terephthalate (PET) Resin Market - Segmentation

Brazil to Dominate the Market

  • The political instability, high inflation, low prices of export of goods, and decreased confidence levels have resulted in the contraction of the country’s economy.
  • The production capacity of PET resin in the country is more than 1,000 kilotons annually and is the seventh largest across the globe. 
  • Brazil’s packaging industry is the fifth largest in terms of sales, and it accounts for about 1.5% of the country’s GDP. Sustainable packaging has increased with consumer awareness and environmental concerns by the manufacturers, in order to comply with governmental regulations. Therefore, this has resulted in a demand for PET, which is expected to increase at a high rate.
  • The sales of consumer electronics appear to have reached saturation in the country. Consumers are more careful while buying expensive products, and this behavior is expected to continue in the upcoming years.
  • The growth in the automotive and packaging segments is expected to increase the demand for PET in the coming years in the country.
South America Polyethylene Terephthalate (PET) Resin Market - Regional Trend

South America PET Market Competitor Analysis

The South America polyethylene terephthalate (PET) resin market is consolidated in nature. Key players in the market include SABIC, Indorama Ventures Public Company Limited, DAK Americas, and BASF SE, among others.

South America PET Market Top Players

  1. SABIC

  2. Indorama Ventures Public Company Limited

  3. BASF SE

  4. DAK Americas

*Disclaimer: Major Players sorted in no particular order

South America Polyethylene Terephthalate (PET) Resin Market - Market Concentration.png

South America PET Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Growing Food and Beverage Industry

      2. 4.1.2 Growing Demand for Sustainable and Recyclable Material

    2. 4.2 Restraints

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

  5. 5. MARKET SEGMENTATION

    1. 5.1 Product Type

      1. 5.1.1 Bottles

      2. 5.1.2 Films and Sheets

      3. 5.1.3 Other Product Types

    2. 5.2 End-user Industry

      1. 5.2.1 Food and Beverage

      2. 5.2.2 Automotive

      3. 5.2.3 Electrical and Electronics

      4. 5.2.4 Healthcare

      5. 5.2.5 Consumer Goods

      6. 5.2.6 Other End-user Industries

    3. 5.3 Geography

      1. 5.3.1 Brazil

      2. 5.3.2 Argentina

      3. 5.3.3 Chile

      4. 5.3.4 Colombia

      5. 5.3.5 Rest of South America

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 Alpek S.A.B. de C.V.

      2. 6.4.2 BASF SE

      3. 6.4.3 DAK Americas

      4. 6.4.4 Dow

      5. 6.4.5 Eastman Chemical Company

      6. 6.4.6 Indorama Ventures Public Company Limited

      7. 6.4.7 SABIC

      8. 6.4.8 TORAY INDUSTRIES, INC.

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 Increasing Use of Bio-based PET Products

**Subject to Availability
You can also purchase parts of this report. Do you want to check out a section wise price list?

South America PET Market Research FAQs

The South America Polyethylene Terephthalate (PET) Resin Market is studied from 2018 - 2028.

The South America Polyethylene Terephthalate (PET) Resin Market is growing at a CAGR of >4% over the next 5 years.

SABIC, Indorama Ventures Public Company Limited, BASF SE, DAK Americas are the major companies operating in South America Polyethylene Terephthalate (PET) Resin Market.

South America Polyethylene Terephthalate (PET) Resin Industry Reports

In-depth industry statistics and market share insights of the South America Polyethylene Terephthalate (PET) Resin sector for 2020, 2021, and 2022. The South America Polyethylene Terephthalate (PET) Resin research report provides a comprehensive outlook of the market size and an industry growth forecast for 2023 to 2028. Available to download is a free sample file of the South America Polyethylene Terephthalate (PET) Resin report PDF.

close-icon
80% of our clients seek made-to-order reports. How do you want us to tailor yours?

Please enter a valid email id!

Please enter a valid message!