Crystalline Polyethylene Terephthalate (PET) is a thermoplastic polymer resin primarily used in the production of synthetic fibers, containers, and bottles. It is a lightweight, strong, and rigid material that is used for a variety of applications. PET is one of the most widely produced and consumed plastics in the world. The demand for PET is growing due to its versatility and ability to be molded into a wide variety of shapes and sizes. The most common use for PET is in the production of beverage bottles, which account for more than half of all PET production. Other common applications include packaging for consumer goods, medical applications, and textiles. It is also used in the production of specialty products like automotive parts and electronics. The crystalline polyethylene terephthalate (Crystalline PET) market is projected to reach USD 12.16 Billion by 2020 at a CAGR of 9.0% from 2015 to 2020.

Crystalline PET in the food packaging industry is expected to contribute the maximum share in this market by 2020. Increased demand from the packaged food industry is driving growth in this segment. Physical and chemical properties of C-PET make it preferable in the packaging industry over other polymers. Also, PET is one of the most recycled polymers, which is another reason for the increasing usage of C-PET in the food packaging industry. Apart from food packaging, beverage packaging is other major application of crystalline PET.

Asia-Pacific accounted for the largest share of the crystalline polyethylene terephthalate market in 2014, followed by Europe and North America. The Asia-Pacific and European regions are further expected to show a high growth in the future. The growth is attributed to the increased consumption of packaged food and more purchasing power of the masses.

The key players operating in the global crystalline PET market are Bayer MaterialScience AG (Germany), La Seda De Barcelona (Spain), Petrotemex S.A. de C.V. (Mexico), Quadrant (Switzerland), Indorama Ventures Public Limited Company (Netherlands), and DAK Americas LLC (U.S.), among others.