Polyethylene Terephthalate Additives Market To Witness A Significant Growth Of USD 2.13 Billion By 2030
San Francisco, 12 Sep 2022: The Report Polyethylene Terephthalate Additives Market Size, Share & Trends Analysis Report By Function (Color Addition, UV Light Barrier), By Region (Asia Pacific, North America), And Segment Forecasts, 2022 - 2030 The global polyethylene terephthalate additives market size is anticipated to reach USD 2.13 billion by 2030, according to a new report by Grand View Research, Inc., growing at a CAGR of 5.8% during the forecast period. The market is anticipated to grow due to the rising application scope in the packaging, medical, and automotive industries. Polyethylene terephthalate (PET) additives offer enhanced chemical resistance and shatterproof attributes and thus, are widely used across the packaging industry. The demand for colored plastics is increasing swiftly led by the growth in the packaging industry. The global packaging industry is witnessing significant growth, driven by the consolidated development of sub-segments, such as food, industr