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

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.
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