PET Bottle Resin Market

The China PET Bottle Resin market size was valued at US$ 5.78 billion in 2024 and is projected to reach US$ 7.92 billion by 2030, at a CAGR of 5.4% during the forecast period 2024-2030.

PET Bottle Resin is a thermoplastic polymer resin used primarily in the production of bottles and containers for beverages, food, and personal care products, known for its clarity, strength, and barrier properties.

China's PET Bottle Resin market is experiencing steady growth, driven by increasing consumption of bottled beverages and packaged foods. In 2023, China produced approximately 8.5 million metric tons of PET bottle resin, with 80% consumed domestically and 20% exported. The beverage sector remains the largest consumer, accounting for 70% of demand, followed by food packaging at 20% and personal care products at 10%. The market benefited from the rapid growth of e-commerce and food delivery services, which led to a 15% increase in demand for PET-packaged ready-to-drink beverages in 2023. Technological advancements have focused on improving barrier properties and reducing weight, with new grades offering 25% better oxygen barrier at 10% lower weight compared to 2020 standards. The market is seeing strong growth in recycled PET (rPET) content, with bottles containing 30% or more rPET increasing at 18% annually, driven by sustainability initiatives and government regulations. In 2023, new plastic waste reduction policies led to a 30% increase in PET bottle collection rates for recycling. The industry faces challenges from environmental concerns over plastic waste, but investments in chemical recycling technologies are opening new pathways for PET circularity. Emerging applications in hot-fill and aseptic packaging are showing promise, with heat-resistant PET grades growing at 12% CAGR, albeit from a small base of 5% market share. Looking ahead, the market is expected to benefit from innovations in barrier technologies, with PET bottles for oxygen-sensitive products like dairy and beer projected to grow at 8% CAGR through 2030.

PET Bottle Resin Market contains market size and forecasts of PET Bottle Resin in China, including the following market information:

•    China PET Bottle Resin Market Revenue, 2019-2024, 2024-2030, ($ millions)

•    China PET Bottle Resin Market Sales, 2019-2024, 2024-2030,

•    China Top five PET Bottle Resin companies in 2023 (%)

Report Includes

PET Bottle Resin Market presents an overview of China market for PET Bottle Resin , sales, revenue and price. Analyses of the China market trends, with historic market revenue/sales data for 2019 - 2023, estimates for 2024, and projections of CAGR through 2030.

PET Bottle Resin Market focuses on the PET Bottle Resin sales, revenue, market share and industry ranking of main manufacturers, data from 2019 to 2024. Identification of the major stakeholders in the China PET Bottle Resin market, and analysis of their competitive landscape and market positioning based on recent developments and segmental revenues.

PET Bottle Resin Market will help stakeholders to understand the competitive landscape and gain more insights and position their businesses and market strategies in a better way.

PET Bottle Resin Market analyzes the segments data by Type, and by Sales Channels, sales, revenue, and price, from 2019 to 2030. Evaluation and forecast the market size for Humidifier sales, projected growth trends, production technology, sales channels and end-user industry.

Segment by Type

•    Conventional PET

•    Modified PET

Segment by Applications

•    Bottled Water

•    Carbonated Soft Drinks

•    Cosmetic

•    Others

Key Companies covered in PET Bottle Resin Market :

•    China National Petroleum Corporation (PetroChina)

•    China Petroleum & Chemical Corporation (Sinopec)

•    Hainan Yisheng Petrochemical Co., Ltd.

•    Zhejiang Wankai New Materials Co., Ltd.

•    Far Eastern New Century Corporation

•    Jiangsu Sanfangxiang Group

•    Indorama Ventures Public Company Limited (IVL)

•    Zhongfu Shenying Carbon Fiber Co., Ltd.

•    Dragon Special Resin (Xiamen) Co., Ltd.

•    China Resources Packaging Materials Co., Ltd.

Including or excluding key companies relevant to your analysis.

Competitor Analysis

The report also provides analysis of leading market participants including:

•    Key companies PET Bottle Resin revenues in Chinan market, 2019-2024 (Estimated), ($ millions)

•    Key companies PET Bottle Resin revenues share in Chinan market, 2023 (%)

•    Key companies PET Bottle Resin sales in Chinan market, 2019-2024 (Estimated),

•    Key companies PET Bottle Resin sales share in Chinan market, 2023 (%)

Key Indicators Analysed

•    Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2019-2030 & Sales with a thorough analysis of the market’s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.

•    Chinan Market Analysis: The report includes Chinan market status and outlook 2019-2030. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.

•    Market Trends: Market key trends which include Increased Competition and Continuous Innovations.

•    Opportunities and Drivers: Identifying the Growing Demands and New Technology

•    Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.

Key Benefits of This Market Research:

•    Industry drivers, restraints, and opportunities covered in the study

•    Neutral perspective on the market performance

•    Recent industry trends and developments

•    Competitive landscape & strategies of key players

•    Potential & niche segments and regions exhibiting promising growth covered

•    Historical, current, and projected market size, in terms of value

•    In-depth analysis of the PET Bottle Resin Market

•    Overview of the regional outlook of the PET Bottle Resin Market

Key Reasons to Buy this Report:

•    Access to date statistics compiled by our researchers. These provide you with historical and forecast data, which is analyzed to tell you why your market is set to change

•    This enables you to anticipate market changes to remain ahead of your competitors

•    You will be able to copy data from the Excel spreadsheet straight into your marketing plans, business presentations or other strategic documents

•    The concise analysis, clear graph, and table format will enable you to pinpoint the information you require quickly

•    Provision of market value (USD Billion) data for each segment and sub-segment

•    Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market

•    Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region

•    Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled

•    Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players

•    The current as well as the future market outlook of the industry concerning recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions

•    Includes in-depth analysis of the market from various perspectives through Porter’s five forces analysis

•    Provides insight into the market through Value Chain

•    Market dynamics scenario, along with growth opportunities of the market in the years to come

•    6-month post-sales analyst support

We offer additional regional and global reports that are similar:

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•    Germany PET Bottle Resin Market 

•    South Korea PET Bottle Resin Market 

•    Indonesia PET Bottle Resin Market 

•    Brazil PET Bottle Resin Market

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