Why did the Polyethylene Terephthalate Price Change in July 2025? North American Polyethylene Terephthalate (PET) Price registered a bearish trend in the Q2 2025 especially in the US market where it declined by 5.7%, settling at USD 1117/MT FAS Houston in June.

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).

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.

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.

Get the latest insights on price movement and trend analysis of Recycled PET in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).

In Q1 2025, the North American Polyethylene Terephthalate (PET) market followed a generally bullish trajectory, characterized by price hikes in January and February, then a slight pullback in March. In January, PET prices rose despite favorable feedstock dynamics, largely due to the anticipated strike by the International Longshoremen's Association slated for January 15. Fears of potential disruptions across the East and Gulf Coast ports drove up procurement activity, placing an upward pressure on prices.

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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 alcohol

Explore the complex dynamics affecting polyethylene terephthalate (PET) prices, including raw material costs, global demand, recycling advancements, and trade policies, providing insights into the fluctuating market landscape in 2023.

Polyethylene rose to 7,302 CNY/T on August 11, 2025, up 0.11% from the previous day. Over the past month, Polyethylene's price has risen 0.48%, but it is still 12.14% lower than a year ago, 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.

Why did the R-PET Price Change in July 2025? The R-PET Spot Price in the USA exhibited a largely stable trend throughout Q2 2025, with minor fluctuations observed in April and July linked to seasonal restocking from beverage manufacturers.

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.

China Settlement Price: ZCE: Polyethylene Terephthalate Resin For Bottles: 1st Month data was reported at 6,024.000 RMB/Ton in 13 May 2025. This records an increase from the previous number of 5,908.000 RMB/Ton for 12 May 2025. China Settlement Price: ZCE: Polyethylene Terephthalate Resin For Bottles: 1st Month data is updated daily, averaging 6,210.000 RMB/Ton from Aug 2024 (Median) to 13 May 2025, with 165 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.

Get the latest insights on price movement and trend analysis of Biaxially Oriented Polyethylene Terephthalate (BOPET) Film in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).

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

Explore the factors influencing the price of polyethylene terephthalate (PET), including crude oil prices, market demand, and the impact of the COVID-19 pandemic. Learn how sustainability trends and recycled PET affect market dynamics and discover strategies to manage costs effectively in this volatile commodity sector.

The Polyethylene Terephthalate (PET) Market report segments the industry into End User Industry (Automotive, Building and Construction, Electrical and Electronics, Industrial and Machinery, Packaging, Other End-user Industries) and Region (Africa, Asia-Pacific, Europe, Middle East, North America, South America). Get five years of historical data alongside five-year market forecasts.

The Bio-Polyethylene Terephthalate (Bio-PET) market was 52 thousand tons in 2023. The Bio-PET Market size is estimated at around 60 thousand tons in 2024 and is expected to reach around 75 thousand tons by 2032, growing at a CAGR of 4.5% during the forecast.

According to Cognitive Market Research, the global Polyethylene Terephthalate - PET Resin market size will be 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 hea...

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.

This statistic shows the market size of bio-based polyethylene in the United States from 2014 to 2024. Bio-based PET is a naturally derived polyester resin that is used to produce products such as packaged goods, plastic bottles, electronics, and more. In 2015, the market value of bio-based polyethylene in the U.S. was nearly *** million U.S. dollars.