Polyethylene Terephthalate Market Projected To Grow At USD 47.46 Billion By 2025 : Grand View Research Inc.
San Francisco, 18 November 2019: The Report Polyethylene Terephthalate Market Size, Share & Trends Analysis Report, By Application (Packaging, Films & Sheets), By Packaging Application And Segment Forecasts, 2019 – 2025 The global polyethylene terephthalate market size is anticipated to reach USD 47.46 billion by 2025 and register a CAGR of 5.6% over the forecast period, according to a new report by Grand View Research, Inc. Polyethylene terephthalate is produced by the polymerization of ethylene glycol and terephthalic acid. Features such as increased strength and flexibility, lightweight, and non-toxic nature have made the material a preferred choice for packaging. PET finds wide uses in applications such as beverage packaging, consumer goods, and food packaging as it can efficiently be reused after recycling. The globally increasing demand for efficient and eco-friendly packaging solutions coupled with the rising consumption of packaged & processed food