In Q3 2025, USA, the Polyethylene Terephthalate Price Index fell by 9.71% quarter-over-quarter due to oversupply. Check detailed insights for Europe, MEA, South America and APAC.

Get comprehensive insights into the Polyethylene Terephthalate market, with a focused analysis of the Polyethylene Terephthalate price trend across Asia, Europe, North America, Latin America, and the Middle East Africa.

The global price of polyethylene terephthalate (PET) in 2022 was ******* U.S. dollars per metric ton, showing an increase from the previous year's value of ******* U.S. dollars per metric ton. PET is extensively used in the textile industry to make polyester fibers, as well as for various packaging applications like beverage bottles, food containers, and personal care products. PET market outlook This increase in the global price of PET coincides with a rise in the market value of PET worldwide, which reached ***** billion U.S. dollars in 2022, up from ***** billion U.S. dollars in 2021. The market value is projected to continue growing, reaching an estimated ***** billion U.S. dollars by 2030. This growth in market value is reflective of the increasing demand for PET, with the global market volume of PET reaching ***** million metric tons in 2022, up from ***** million metric tons in 2015. Environmental footprint of PET and bioplastic PET PET is a widely used plastic with various applications, but its production and usage come with environmental concerns. Although it is entirely recyclable, traditional PET is derived from non-renewable resources and is not biodegradable, contributing to plastic pollution and resource depletion. In response, there has been growing interest in bioplastic PET, which is made from renewable resources and is biodegradable. However, despite its potential benefits, there is a forecasted decline in the production capacity of bioplastic PET. In 2023, the production capacity stood at ***, but it is forecasted to drop to *** by 2028. While bioplastic PET is made from renewable resources and is biodegradable, it still has some environmental downsides. For instance, the production process for bioplastic PET can be energy-intensive and water-consuming, and the biodegradation process may release methane, a potent greenhouse gas. As a result, some companies are exploring even more sustainable bioplastic alternatives, such as plant-based materials like polylactic acid (PLA) or fully biodegradable plastics like polyhydroxyalkanoates (PHA).

Learn about the factors that impact the price of PET resin, a recyclable thermoplastic polymer resin used to manufacture plastic containers, fibers, and films. Discover the projected growth of the global PET market and how it's influenced by demand-supply dynamics, raw material prices, energy costs, and technical specifications, among others.

In Q3 2025, North America R-PET Price Index rose by 2.25% quarter-over-quarter, driven by steady demand. Check detailed insights for APAC, Europe and MEA.

Learn about the factors that affect the cost of polyethylene terephthalate (PET), a versatile polymer commonly used for packaging. Find out how raw material prices, production costs, market demand, and other factors impact the price of PET and its production process.

The global polyethylene terephthalate (PET) market was valued at ***** billion U.S. dollars in 2022. The global PET market is expected to reach a value of ***** billion U.S. dollars by 2029, registering a CAGR of *** percent during the forecast period of 2023 to 2030.

Polyethylene rose to 6,821 CNY/T on December 2, 2025, up 0.32% from the previous day. Over the past month, Polyethylene's price has fallen 0.77%, and is down 21.48% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. This dataset includes a chart with historical data for Polyethylene.

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Polyethylene Terephthalate Market Size 2025-2029

The polyethylene terephthalate market size is forecast to increase by USD 24.77 billion at a CAGR of 8.5% between 2024 and 2029.

The Polyethylene Terephthalate (PET) market is experiencing significant growth, driven by the increasing consumption of packaging materials. The demand for PET in the packaging sector is on the rise due to its versatility, durability, and recyclability. Furthermore, the adoption of bio-based PET products is gaining momentum as companies seek sustainable alternatives to traditional fossil fuel-derived PET. However, the market faces challenges, most notably the volatility in crude oil prices.
Additionally, investing in research and development to improve the production efficiency and sustainability of PET could provide a competitive edge. Consumer preferences for non-biodegradable plastic packaging drive the demand for PET bottles, thermoformed packaging, and personal care products. Navigating these dynamics requires a deep understanding of market trends and the ability to adapt quickly to changing conditions. This price instability can impact the production costs of PET, making it a critical factor for manufacturers to consider in their operational planning. To capitalize on the market's opportunities, companies must stay agile and responsive to shifting consumer preferences and price fluctuations.

What will be the Size of the Polyethylene Terephthalate Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
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The Polyethylene Terephthalate (PET) market witnesses significant activity as beverage producers adopt circular economy strategies to reduce waste and minimize material losses. Government environmental policies drive the shift towards sustainable manufacturing techniques, including those used in the rail industry's resin production. The coronavirus period disrupted crude oil prices, impacting the cost structure of PET production. In marine applications, PET's lightweight and durable properties continue to gain traction. In the medical field, PET is used for medical devices, while in the industrial sector, it is employed for cable sheathing, thermal insulation products, and engineering resins. Machinery suppliers invest in fusion technology to enhance manufacturing efficiency, while R&D efforts focus on circular innovations for the furniture industry.

Fusion technology and circular economy initiatives contribute to the production of recycled PET foam, insulation products, and flexible packaging. Woven plastic packaging remains a growing sector due to its versatility and cost-effectiveness. Technical limitations and stringent regulations pose challenges to market expansion. Despite these hurdles, the PET industry remains dynamic, with innovation and sustainability at its core.

How is this Polyethylene Terephthalate Industry segmented?

The polyethylene terephthalate industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Product

  Fibers
  Resins
  Others


Type

  Virgin
  Recycled


End-user

  Food and beverage
  Textiles
  Healthcare
  Others


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    Russia


  APAC

    China
    India
    Japan
    South Korea


  South America

    Brazil


  Rest of World (ROW)

By Product Insights

The Fibers segment is estimated to witness significant growth during the forecast period. In the dynamic polyethylene terephthalate (PET) industry, various entities play pivotal roles. Dimethyl terephthalate (DMT) serves as a crucial raw material for PET production, while plastic recycling facilitates the reuse of PET fines and rPET pellets. Purified terephthalic acid and monoethylene glycol (MEG) are essential intermediates. PET preform machines produce containers for fresh produce, household products, and insulating tapes, showcasing PET's barrier properties. Virgin plastics coexist with recycled plastics, with the latter gaining traction due to environmental concerns and stringent regulations. Crude oil prices influence the cost dynamics of the industry, as PET is derived from crude oil. The PET recycling facility plays a vital role in reducing plastic waste and producing rPET flakes.

The rail industry uses PET for various applications, including printed designs on trains and antimicrobial property coatings for passenger safety. The mechanical properties of PET make it suitable for various applications, including beverage producers, marine applications, and industrial packaging. Technical limitations, such as material losses due to alcoholysis depolymerizatio

China Settlement Price: ZCE: Polyethylene Terephthalate Resin For Bottles: 1st Month data was reported at 5,744.000 RMB/Ton in 02 Dec 2025. This records a decrease from the previous number of 5,750.000 RMB/Ton for 01 Dec 2025. China Settlement Price: ZCE: Polyethylene Terephthalate Resin For Bottles: 1st Month data is updated daily, averaging 5,602.000 RMB/Ton from Aug 2024 (Median) to 02 Dec 2025, with 303 observations. The data reached an all-time high of 6,694.000 RMB/Ton in 08 Oct 2024 and a record low of 5,388.000 RMB/Ton in 09 Apr 2025. China Settlement Price: ZCE: Polyethylene Terephthalate Resin For Bottles: 1st Month data remains active status in CEIC and is reported by Zhengzhou Commodity Exchange. The data is categorized under China Premium Database’s Financial Market – Table CN.ZB: Zhengzhou Commodity Exchange: Commodity Futures: Settlement Price: Daily.

¿Por qué cambió el precio del polietileno tereftalato en julio de 2025? El precio del polietileno tereftalato norteamericano (PET) registró una tendencia osísta en el 2º trimestre de 2025 especialmente en el mercado estadounidense, donde disminuyó un 5,7%, estableciéndose en USD 1117/MT FAS Houston en junio.

The average import price for polyethylene terephthalate and other polyethylene terephthalate in primary forms stood at $1,143 per ton in May 2025, approximately mirroring the previous month.

Graph and download economic data for Producer Price Index by Commodity: Rubber and Plastic Products: Plastics Bottles (WPU072A01014) from Dec 2009 to Sep 2025 about rubber, plastics, commodities, PPI, inflation, price index, indexes, price, and USA.

According to Cognitive Market Research, the global Polyethylene Terephthalate - PET Resin market size was USD 53215.5 million in 2024. It will expand at a compound annual growth rate (CAGR) of 9.80% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD 21286.20 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.0% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 15964.65 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 12239.57 million in 2024 and will grow at a compound annual growth rate (CAGR) of 11.8% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 2660.78 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.2% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 1064.31 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.5% from 2024 to 2031.
The PET bottle category is the fastest growing segment of the Polyethylene Terephthalate - PET Resin industry

Market Dynamics of Polyethylene Terephthalate - PET Resin Market

Key Drivers for Polyethylene Terephthalate - PET Resin Market

PET's versatility and recyclability make it ideal for packaging to Boost Market Growth

Polyethylene Terephthalate (PET) is highly valued for packaging due to its versatility and recyclability, which act as key drivers in its market growth. However, certain restraints also influence its adoption. PET's lightweight and durable properties make it ideal for a wide range of products, including beverages, food, personal care, and pharmaceuticals. Its transparency and ability to be moulded into various shapes enhance the brand's appeal and consumer convenience. Despite being recyclable, improper disposal of PET contributes to pollution, leading to criticism of plastics in general. This has resulted in some regions imposing bans or restrictions on single-use plastics, impacting PET demand. PET’s versatility and recyclability make it a leading choice in the packaging industry, driven by consumer demand and sustainability goals. However, environmental concerns, competition, and regulatory pressures create significant challenges. The balance between these drivers and restraints continues to shape the PET packaging market, with innovations in recycling and sustainable production playing pivotal roles in its future growth.

PET is used in automotive components to reduce weight and improve fuel efficiency

The use of Polyphenylene Ether (PPE) in automotive components is driven by its lightweight properties, which help reduce vehicle weight and improve fuel efficiency. As automakers face increasing demand for fuel-efficient and eco-friendly vehicles, PPE's superior thermal stability, strength, and chemical resistance make it an ideal material. Its contribution to enhancing vehicle performance and meeting stringent emission regulations ensures its dominance. Additionally, PPE supports advancements in electric vehicles, further boosting its relevance in the automotive industry.

Restraint Factor for the Polyethylene Terephthalate - PET Resin Market

Impacting raw material costs and production expenses

Markets are dominated by major constraints that affect the cost of production and raw materials, which present formidable obstacles for businesses. Production costs are increased by changes in the price of raw materials, which are caused by supply chain interruptions, geopolitical unrest, and environmental laws. Businesses must modify their pricing methods as a result of these growing costs, which may lessen their ability to compete. In addition, increased expenses would discourage investment and innovation, which would hinder market expansion as a whole. Using technology to reduce risks efficiently, diversifying supply sources, and implementing cost-effective production techniques are all necessary to manage these constraints..

Impact of Covid-19 on the Polyethylene Terephthalate - PET Resin Market

The COVID-19 pandemic significantly impacted the Polyethylene Terephthalate (PET) Resin market. Demand surged in the packaging sector, particularly for food, beverages, and healthc...

The revenue of the polyethylene terephthalate market in Malta amounted to $X in 2018, lowering by -X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, polyethylene terephthalate consumption continues to indicate a precipitous curtailment. The growth pace was the most rapid in 2012 when the market value increased by X% against the previous year. Over the period under review, the polyethylene terephthalate market attained its maximum level at $X in 2008; however, from 2009 to 2018, consumption failed to regain its momentum.

The global Polyethylene Terephthalate (PET) market stood around 30 million tonnes in 2024 and is expected to grow at a steady CAGR of 3.81 % during the forecast period until 2035. Polyethylene terephthalate is derived from ethylene glycol.

Polyethylene terephthalate (PET) is a flexible and lightweight polyester resin that is used to produce products such as packaged goods, plastic bottles, electronics, and more. The market size of PET in the United States is forecast to grow to some *** billion U.S. dollars by 2025.

In May 2025, the average import price for polyethylene terephthalate and other polyethylene terephthalate in primary forms amounted to $1,101 per ton, shrinking by -27.2% against the previous month.

The China Polyethylene Terephthalate (PET) market stood at approximately 7.8 million tonnes in 2022 and is anticipated to grow at a CAGR of 3.4% by 2030.

The European Polyethylene Terephthalate (PET) industry is experiencing robust growth, driven by the increasing demand from packaging, particularly in the food and beverage sectors. The region's strong emphasis on recycling and sustainability initiatives further fuels market expansion, although fluctuating oil prices and concerns about plastic waste remain significant challenges. The automotive and building & construction sectors also contribute significantly to PET demand, with applications ranging from automotive components to insulation materials. Germany, the UK, and France represent the largest national markets within Europe, reflecting their robust manufacturing sectors and high per capita consumption. While precise figures are not provided, a reasonable estimation, given the typical CAGR observed in similar industries, could place the European PET market size at approximately €5 billion in 2025, projecting a steady growth trajectory fueled by expanding end-use applications and ongoing investments in PET recycling infrastructure. Competition is intense, with both established multinational corporations and regional players vying for market share. Innovation in PET production, focusing on enhanced recyclability and bio-based alternatives, is a key trend shaping the competitive landscape. The forecast period of 2025-2033 anticipates a continuous upward trend, with a potential increase driven by the rising disposable income, increasing demand for convenience packaging, and ongoing development of sustainable solutions. The future of the European PET market hinges on several factors. The successful implementation of extended producer responsibility schemes across the region will play a critical role in driving sustainable practices and fostering a circular economy for PET. Furthermore, technological advancements leading to lighter-weight and more recyclable PET packaging will continue to influence market dynamics. The ongoing geopolitical instability and associated energy price fluctuations pose a significant risk to the industry's stability, however, the long-term outlook for the European PET market remains positive due to the persistent demand from diverse sectors and the increasing focus on sustainable and environmentally conscious packaging solutions. Companies are proactively adopting strategies to navigate these challenges, including vertical integration and diversification of their product portfolios, to maintain their market positions and profitability. Recent developments include: 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.. Notable trends are: OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT.