Market Overview:
The global polyester chip (PET chip) market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The market growth is attributed to the increasing demand for PET chips in packaging and textile applications. In terms of type, the textile grade polyester chip segment is projected to lead the global market during the forecast period, owing to its growing demand from end-use industries such as textiles and apparel. Asia Pacific is expected to be the fastest-growing region in terms of revenue during the forecast period, followed by Europe and North America.
 Industry Outlook.svg)
Product Definition:
A polyester chip (PET chip) is a small, flat rectangle of polyester film that is used for a variety of applications, including in the manufacture of clothing and textiles. The importance of PET chips lies in their ability to be recycled and reused to create new products.
Textile Grade Polyester Chip:
Textile grade polyester chip is a type of specialty polyester fiber that finds application in the textile industry. It has superior properties such as high strength, abrasion resistance, and easy care which makes it suitable for use in apparel & upholstery applications. The growth factor responsible for increasing demand is its growing acceptance across several industries including automotive, building & construction and marine where it is used to manufacture ropes and mooring lines.
Bottle Grade Polyester Chip:
Bottle grade polyester chip is a type of polyester fiber that has been processed through bottles and collected on the surface of the liquid. The bottle-grained PET chips are used for applications requiring high heat resistance, wear resistance, and transparency as well as low weight or lower cost materials.
Application Insights:
The packaging material application segment accounted for the largest revenue share of over 40% in 2017. The demand is expected to be driven by growing applications in food and beverage, textiles, medical and hygiene products. Polyester chips are used as a replacement for plastic bags due to their superior properties such as high durability and low cost.
PET chips are witnessing increased adoption in textile applications on account of its excellent barrier properties against water vapor, oxygen and other gases which enhance product shelf life. It is used to produce bottles for beverages including mineral water, soft drinks & juices among others which further drives the market growth.
Increasing disposable income levels coupled with rapid urbanization has resulted in an increasing demand for clothing especially among the youth population globally driving film grade polyester chip (PET chip) consumption over the forecast period.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of the region can be attributed to rising demand for polyester chips from various end-use industries such as packaging, textile, automotive & transportation, film & sheeting, and others. China is one of the largest producers and consumers of polyester chips across this region owing to easy availability of raw materials coupled with cheap labor cost.
The Asia Pacific has witnessed a significant rise in foreign investments especially from countries such as Japan which have made significant technological advancements within their textiles industry that offers numerous opportunities for PET chip manufacturers across this region.
Growth Factors:
- Increasing demand from the packaging industry for lightweight and durable materials is expected to drive the growth of the polyester chip market.
- Growing demand for polyester chips in textiles and automotive industries is also anticipated to fuel the market growth.
- Rising awareness about environment-friendly products is projected to boost the use of polyester chips in various applications.
- Technological advancements in production processes are likely to provide opportunities for market expansion over the forecast period.
Scope Of The Report
Report Attributes
Report Details
Report Title
Polyester Chip (PET Chip) Market Research Report
By Type
Textile Grade Polyester Chip, Bottle Grade Polyester Chip, Film Grade Polyester Chip
By Application
Packaging Material, Film, Textile, Other
By Companies
Toray, SKC Films, Indorama Ventures, Polyplex, Kolon, Jindal, JBF, Zhejiang Hengyi Group, Zhejiang Wankai New Materials, Anhui Wanwei Group, Balaji Overseas, TIFICO, Donghua Fiber, Filatex India, Yingkou Kanghui Petrochemical
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
242
Number of Tables & Figures
170
Customization Available
Yes, the report can be customized as per your need.
Global Polyester Chip (PET Chip) Market Report Segments:
The global Polyester Chip (PET Chip) market is segmented on the basis of:
Types
Textile Grade Polyester Chip, Bottle Grade Polyester Chip, Film Grade Polyester Chip
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Packaging Material, Film, Textile, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Toray
- SKC Films
- Indorama Ventures
- Polyplex
- Kolon
- Jindal
- JBF
- Zhejiang Hengyi Group
- Zhejiang Wankai New Materials
- Anhui Wanwei Group
- Balaji Overseas
- TIFICO
- Donghua Fiber
- Filatex India
- Yingkou Kanghui Petrochemical
 Market Overview.svg)
Highlights of The Polyester Chip (PET Chip) Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Textile Grade Polyester Chip
- Bottle Grade Polyester Chip
- Film Grade Polyester Chip
- By Application:
- Packaging Material
- Film
- Textile
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Polyester Chip (PET Chip) Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
 Market Statistics.svg)
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
PET chips are made from polyester and are used in a variety of applications, such as identification cards, passports, and credit cards.
Some of the key players operating in the polyester chip (pet chip) market are Toray, SKC Films, Indorama Ventures, Polyplex, Kolon, Jindal, JBF, Zhejiang Hengyi Group, Zhejiang Wankai New Materials, Anhui Wanwei Group, Balaji Overseas, TIFICO, Donghua Fiber, Filatex India, Yingkou Kanghui Petrochemical.
The polyester chip (pet chip) market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Polyester Chip (PET Chip) Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Polyester Chip (PET Chip) Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Polyester Chip (PET Chip) Market - Supply Chain
4.5. Global Polyester Chip (PET Chip) Market Forecast
4.5.1. Polyester Chip (PET Chip) Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Polyester Chip (PET Chip) Market Size (000 Units) and Y-o-Y Growth
4.5.3. Polyester Chip (PET Chip) Market Absolute $ Opportunity
5. Global Polyester Chip (PET Chip) Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Polyester Chip (PET Chip) Market Size and Volume Forecast by Type
5.3.1. Textile Grade Polyester Chip
5.3.2. Bottle Grade Polyester Chip
5.3.3. Film Grade Polyester Chip
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Polyester Chip (PET Chip) Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Polyester Chip (PET Chip) Market Size and Volume Forecast by Application
6.3.1. Packaging Material
6.3.2. Film
6.3.3. Textile
6.3.4. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Polyester Chip (PET Chip) Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Polyester Chip (PET Chip) Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Polyester Chip (PET Chip) Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Polyester Chip (PET Chip) Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Polyester Chip (PET Chip) Demand Share Forecast, 2019-2026
9. North America Polyester Chip (PET Chip) Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Polyester Chip (PET Chip) Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Polyester Chip (PET Chip) Market Size and Volume Forecast by Application
9.4.1. Packaging Material
9.4.2. Film
9.4.3. Textile
9.4.4. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Polyester Chip (PET Chip) Market Size and Volume Forecast by Type
9.7.1. Textile Grade Polyester Chip
9.7.2. Bottle Grade Polyester Chip
9.7.3. Film Grade Polyester Chip
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Polyester Chip (PET Chip) Demand Share Forecast, 2019-2026
10. Latin America Polyester Chip (PET Chip) Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Polyester Chip (PET Chip) Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Polyester Chip (PET Chip) Market Size and Volume Forecast by Application
10.4.1. Packaging Material
10.4.2. Film
10.4.3. Textile
10.4.4. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Polyester Chip (PET Chip) Market Size and Volume Forecast by Type
10.7.1. Textile Grade Polyester Chip
10.7.2. Bottle Grade Polyester Chip
10.7.3. Film Grade Polyester Chip
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Polyester Chip (PET Chip) Demand Share Forecast, 2019-2026
11. Europe Polyester Chip (PET Chip) Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Polyester Chip (PET Chip) Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Polyester Chip (PET Chip) Market Size and Volume Forecast by Application
11.4.1. Packaging Material
11.4.2. Film
11.4.3. Textile
11.4.4. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Polyester Chip (PET Chip) Market Size and Volume Forecast by Type
11.7.1. Textile Grade Polyester Chip
11.7.2. Bottle Grade Polyester Chip
11.7.3. Film Grade Polyester Chp
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Polyester Chip (PET Chip) Demand Share, 2019-2026
12. Asia Pacific Polyester Chip (PET Chip) Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Polyester Chip (PET Chip) Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Polyester Chip (PET Chip) Market Size and Volume Forecast by Application
12.4.1. Packaging Material
12.4.2. Film
12.4.3. Textile
12.4.4. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Polyester Chip (PET Chip) Market Size and Volume Forecast by Type
12.7.1. Textile Grade Polyester Chip
12.7.2. Bottle Grade Polyester Chip
12.7.3. Film Grade Polyester Chip
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Polyester Chip (PET Chip) Demand Share, 2019-2026
13. Middle East & Africa Polyester Chip (PET Chip) Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Polyester Chip (PET Chip) Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Polyester Chip (PET Chip) Market Size and Volume Forecast by Application
13.4.1. Packaging Material
13.4.2. Film
13.4.3. Textile
13.4.4. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Polyester Chip (PET Chip) Market Size and Volume Forecast by Type
13.7.1. Textile Grade Polyester Chip
13.7.2. Bottle Grade Polyester Chip
13.7.3. Film Grade Polyester Chip
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Polyester Chip (PET Chip) Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Polyester Chip (PET Chip) Market: Market Share Analysis
14.2. Polyester Chip (PET Chip) Distributors and Customers
14.3. Polyester Chip (PET Chip) Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Toray
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. SKC Films
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Indorama Ventures
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Polyplex
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Kolon
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Jindal
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. JBF
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Zhejiang Hengyi Group
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Zhejiang Wankai New Materials
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Anhui Wanwei Group
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Balaji Overseas
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. TIFICO
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Donghua Fiber
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Filatex India
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Yingkou Kanghui Petrochemical
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
