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The polyethylene terephthalate market size is forecast to increase by USD 21.70 billion at a CAGR of 8.11% between 2023 and 2028. The Polyethylene Terephthalate (PET) market is experiencing significant growth due to the rise in consumption of packaging materials, particularly in the flexible packaging segment. The trend towards lightweight and sustainable packaging solutions is driving the demand for PET in the production of pouches, sachets, wrappers, and other forms of flexible packaging for various applications, including food, snacks, confectionery, and non-food items. PET's excellent rigidity and barrier properties make it an ideal choice for blister packaging, labels, thermal lamination, and other applications in cosmetics, toiletries, personal care products, lotions, creams, hair care products, perfumes, cartons, and box industries. Additionally, the increasing popularity of flavored milk and other beverages in single-serve packaging is contributing to the market's growth. However, the market faces challenges such as volatility in crude oil prices, which can impact the cost of raw materials and, consequently, the final product price.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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