Polyethylene Terephthalate market is expected to reach 76.7 mln tons by 2016

20-Feb-13

Polyethylene Terephthalate (PET) volume market is expected to reach 76.7 million tons by 2016 primarily supported by the product types - films, fibers and sheet extrusion, as per ResearchandMarkets. Globally, bottles & container and food packaging segments together accounts for approximately 62.6% of the market share to expected the support for Polyethylene Terephthalate (PET) industry going forward. Geographical analysis shows that the highest Compounded Annual Growth Rate (CAGR) of 11.7% is anticipated from European region during the analysis period 2011-2016. Asia-Pacific follows Europe with a CAGR of 11.3%, while The Americas forecasts to drive with a growth rate of 10.9% respectively.