Global PETG Market by Product (Extruded Grade, Injection Molding Grade and Blow Molding Grade), By Application (Sheet & Film, Bottle & Container, Extruded Profile and others), By Region and Key Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2021-2030 (Includes Business Impact of COVID-19)

                                          
Report updated on 11th September, 2021: Global PETG Market by Product (Extruded Grade, Injection Molding Grade and Blow Molding Grade), By Application (Sheet & Film, Bottle & Container, Extruded Profile and others), By Region and Key Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2021-2030 (Includes Business Impact of COVID-19)
Trusted Business Insights has published a comprehensive market research report on, Global PETG Market by Product (Extruded Grade, Injection Molding Grade and Blow Molding Grade), By Application (Sheet & Film, Bottle & Container, Extruded Profile and others), and by Region -Global Forecast to 2030, which offers a holistic view of the global PETG market through systematic segmentation that covers every aspect of the target market.

The global PETG market is projected to be US$ 534.0 Mn in 2020 to reach US$ 881.4 Mn by 2030 at a CAGR of 5.1%.

Polyethylene Terephthalate Glycol is oil based thermoplastic polymer which is obtained by copolymerization of polyethylene Terephthalate and ethylene glycol. PETG is a polymer of PET and is made using two steps process, in first step esterification of components such as TPA, EG and CHDM are carried out at 230 nitrogen atmosphere and in second step poly-condensation are carried out generally at high temperature. PETG is clear and colourless, also capable of being sterilized due to which packaging materials such as PETG are mainly dominated by food and beverages industries. Thus, the growth of food and beverages industries is in-turn expected to boost the growth in demand for PETG. Additionally, the regulations relating to the use of certain plastic material in food and beverages, and packaging industries are expected to lead to a rise in demand for alternative materials such as PET and PETG, among others resins. Also, PETG is considered very sturdy packaging material, so growth in packaging industries is expected to enhance the growth of PETG market.

Polyethylene Terephthalate-Glycol (PETG) products can be firm to flexible, depending on the thickness, and are relatively lighter in weight. Some of the other advantages of Polyethylene Terephthalate-Glycol (PETG) are that it is fully biodegradable, durable and exhibits relatively higher impact-resistant as compared to regular PET resin. Its usage is not confined to high purity applications, however aesthetic properties and resilience render it ideal for heat sealed and RF sealed blister packaging applications used for small electronic devices, cell phones, and other retail products.


Global PETG Market Revenue (US$ Mn), 2021 to 2030


Rapid growth in food and beverages industries in both developed and developing countries are estimated to increase the demand of PETG. Favourable government regulation for the use of Food-safe packaging materials is expected to lead the growth of materials like PET and PETG. Due to the growth of packaging industries demand for sturdy and reliable packaging material is increased that in turn is expected to boost the growth of PETG material.

PET and PETG are not easily distinguishable, and they act as contaminants for each other when recycled in the same stream. Due to which PETG is excluded form list of RIC 1, in some areas. PETG is avoided by many recyclers which hinder its market growth.

The global PETG market is segmented into product type, application and region. On the basis of product type market is further segmented into extruded grade, injection moulding grade and blow moulding grade. On the basis of application market, is further segmented into sheet & film, bottle & container, extruded profile and others.


Global PETG Market By Application, 2018


On the basis of region, the market is segmented into North America, Europe, Asia Pacific, South America and Middle East & Africa. APAC is expected to command the largest share of the global PETG market, owing to favourable government regulation for the use of Food-safe packaging materials.  The Asia Pacific is expected to register the highest growth rate due to increase growth in the food and beverages industries over the forecast period. Countries and regions such as South America & Middle East & Africa are expected to register stable growth over the forecast period.
The research report on the global PETG market includes profiles of some of the major companies such as Eastman Chemical Company, SK Discovery Co., SIMONA AG, Goex Corporation, Laird Plastics, Inc., ITOCHU Corporation and other prominent players.



Below are the active patents related to PETG Market.


Patent Number: US8685305B2

Process for production of heat-shrinkable polyester film, heat-shrinkable polyester film and packages

Abstract

The invention aims at providing a heat-shrinkable polyester film which is excellent in tearability along perforations and in break resistance after storage when used as labels of beverage bottles. The invention relates to a heat-shrinkable polyester film which is made of a polyester resin comprising ethylene terephthalate as the main constituent and containing at least 13 mol % of at least one monomer capable of forming an amorphous component in the whole polyester resin component and which has specific heat shrinkage characteristics and exhibits specific mechanical characteristics after heat shrinking treatment. The film can be produced by a sequential biaxial orientation process comprising longitudinal orientation step, intermediate heat treatment step, positive cooling step, transverse orientation step, and final heat treatment step.

Application File Date: 2008-09-24

Application Granted Date: 2014-04-01

Current Assignee: Toyobo Co Ltd

Patent Number:US7015267B2

Polyethylene terephthalate compositions

Abstract

A method for increasing the crystallization rate of a polyethylene terepthalate (PET) prepared based on terepthalic acid (TPA) and ethylene glycol monomers, by adding into said TPA-based PET an effective amount of a polyethylene terepthalate prepared based on dimethyl terephthalate (DMT), in an amount sufficient for said thermally formable composition to have an increase in crystallization temperature as required for the final end-use application.

Application File Date: 2002-12-17

Application Granted Date: 2006-03-21

Current Assignee: SABIC Global Technologies BV

Key Market Segments:

By Type

  
Extruded Grade
  
Injection Molding Grade
  
Blow Molding Grade

By Application

  
Food & Beverage
  
Cosmetic
  
Medical
  
Other


Key Market Players included in the report:


  
3A Composites GmbH
  
Allen Plastic Industries
  
Bilcare Pvt. Ltd.
  
Bonset America Corporation
  
Eastman Chemical Company
  
Far Eastern New Century Corporation.
  
Goex Corporation
  
Henan Yinjinda New Materials Co. Ltd.
  
ITOCHU Corporation
  
Jiangsu Jinghong new Mstar Technology Ltd.
  
Jiangyin Film-Maker Plastic Co.Ltd.
  
Kevin Metpack Pvt. Ltd.
  
Klockner & CO.
  
Laird Plastics Inc.
  
Liaoyang Petrochemical
  
Magical Film Enterprises
  
Ningbo Jinyuan Packing Material Co.Ltd.
  
PolimexSrl
  
Selenis
  
Shandong Shenghe Plastic Ltd.
  
SIMONA AG
  
SK Chemicals Liaoyang Petrochemicals
  
SK Discovery Co.
  
Uflex Limited


Below are the key development related to PETG Market in 2020 and 2021.


May 2021: SK Chemicals invests $20 mn in Chinese recycled plastic firm to bolster PETG capacity. South Korea’s SK Chemicals Co. has invested 23 billion won ($20.22 million) in China’s Shuye to become the first to commercialize chemically recycled PETG, a key compound used to make beverage, cosmetics and medical packaging. SK Chemicals announced Monday that it has invested 23 billion won in Shuye, a Chinese company with technology to chemically break down waste polyethylene terephthalate (PET), to acquire a 10 percent stake. The deal gives SK Chemicals the right to an offtake supply of 20,000 tons of recycled PETG raw materials. PETG, or polyethylene terephthalate glycol, is an eco-friendly plastic derived from polyester. It is entirely recyclable and biodegradable without creating harmful gases. It offers the same transparency as glass but greater durability, hence it is widely used in medical protective visors or disposable containers for cosmetics and disinfectants. Source

May 2021: Ultimaker Announces the Release of its Newest Filament, Ultimaker PETG. Leading 3D printing specialist, Ultimaker, has announced the launch of its new 3D printing material, Ultimaker PETG. PETG joins a number of other filaments offered by the company including, PLA, PVA, Nylon, CPE, ABS, PC, among others. The company stated that they chose to develop the material as their recent 3D Printing Sentiment Index revealed that it was one of the top three printing materials used by respondents. As they were not able to find a satisfactory, compatible filament through third parties, they decided to make their own filament, one that would integrate seamlessly with Ultimaker’s ecosystem. Though known primarily for FDM 3D printers including the Ultimaker S5 and S3, Ultimaker offers a number of other products to ensure that each user will get the best possible printing experience with their machines. For example, recently the company announced its new software strategy, integrating its Ultimaker Essentials platform into all its 3D printers to help customers simplify the printing process. They also sell a number of materials, both their own and from partners, that are compatible with Ultimaker printers. In this case, the company notes that the PETG has been designed especially to bring the best possible printing experience to Ultimaker users, preventing common problems such as stringing, warping or being incompatible with PVA and Breakaway support materials. Source

April 2021: Selenis scales up PETG output. An important step in the acceleration of a circular economy, Selenis has scaled up its production of PETG resins with incorporated recycled content. Now at full production volumes, the Eco Series was commercialised in October 2019, providing a sustainable version of Selenis’ product portfolio with up to 50 per cent post-consumer recycled content. The Selenis process recovers monomers through chemical recycling. Glycolysis is used to break-up PET waste and reduce it to its polymer building blocks: monomers. Next, they are reintroduced to the value chain as recycled polyester raw materials. Prior to polycondensation, the co-monomers are subjected to a fine filtration process to remove impurities. During polycondensation the final IV and properties are obtained. Selenis is using this technology at both its plants located in Portugal and Italy. Source