North America Polyethylene Terephthalate (PET) Market Size, Share & Trends Analysis Report By Type (Virgin and Recycled), By Application (Packaging, Automotive, Construction, Medical, and Others), By Country and Growth Forecast, 2023 - 2030

The North America Polyethylene Terephthalate (PET) Market would witness market growth of 5.5% CAGR during the forecast period (2023-2030). In the year 2019, the North America market's volume surged to 4,539.0 Kilo Tonnes, showcasing a growth of 2.8% (2019-2022).

In the market, the term "virgin" refers to PET resin that is derived from raw materials, typically purified terephthalic acid (PTA) and monoethylene glycol (MEG), without being previously used or recycled. Virgin PET is prized for its purity, consistency, and high-quality properties, making it a preferred choice for a wide range of applications, particularly in food and beverage packaging where stringent safety and hygiene standards must be met. Therefore, the US Market consumed 2,624.5 Kilo Tonnes virgin in 2022.

The US market dominated the North America Polyethylene Terephthalate (PET) Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $8,012.9 Million by 2030. The Canada market is experiencing a CAGR of 7.7% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 6.9% during (2023 - 2030).

The adoption of circular economy practices is gaining momentum in the market. Initiatives promoting PET recycling, closed-loop systems, and using recycled PET (rPET) in new products are integral to industry strategies to reduce waste and enhance resource efficiency. Mechanical recycling, a traditional yet crucial method, involves separating collected PET products into smaller particles that can be melted and reprocessed into new PET materials. This method is widely adopted and contributes significantly to reducing PET waste.

Furthermore, innovations in recycling technologies are reshaping the PET landscape. Advanced recycling methods, including chemical recycling and depolymerization, hold promise in achieving higher levels of PET recycling, mitigating concerns about the limitations of traditional mechanical recycling processes. With the increasing integration of technology into various industries, smart packaging solutions are emerging as a trend in the market. This includes incorporating RFID tags, QR codes, and other technologies to enhance traceability, authentication, and consumer engagement.

As per the article titled New Motor Vehicle Registrations, third quarter 2022, released by Statistics Canada, overall, 34,313 new zero-emission vehicles (ZEVs) were registered in the third quarter of 2022, comprising 8.7% of total new motor vehicle registrations. The number of new ZEVs registered continued to increase, up 43.2% year over year. Continuing the trend over the last four years, battery electric vehicles (BEVs) made up the largest share of new ZEV registrations, representing 85.6% of new ZEVs registered in the third quarter. Plug-in hybrid electric vehicles (PHEVs) comprised 14.4% of new ZEV registrations. Year over year, BEVs (+85.4%) experienced the largest percentage increase among all fuel types. Thus, rising automotive sector in North America will boost the demand for PET in the upcoming years.

Free Valuable Insights: The Polyethylene Terephthalate (PET) Market is Predict to reach USD 46.3 Billion by 2030, at a CAGR of 5.7%

Based on Type, the market is segmented into Virgin and Recycled. Based on Application, the market is segmented into Packaging, Automotive, Construction, Medical, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.

List of Key Companies Profiled

• Lanxess AG
• LOTTE Chemical Corporation (LOTTE Corp.)
• DuPont de Nemours, Inc.
• LyondellBasell Industries Holdings B.V.
• BASF SE
• Indorama Ventures Public Company Limited (Indorama Resources Ltd.)
• RTP Company, Inc.
• SABIC (Saudi Arabian Oil Company)
• Nan Ya Plastics Corp. (NPC)
• Koninklijke DSM N.V.

North America Polyethylene Terephthalate (PET) Market Report Segmentation

By Type (Volume, kilo Tonnes, USD Billion, 2019-2030)

• Virgin
• Recycled

By Application (Volume, kilo Tonnes, USD Billion, 2019-2030)

• Packaging
• Automotive
• Construction
• Medical
• Others

By Country (Volume, kilo Tonnes, USD Billion, 2019-2030)

• US
• Canada
• Mexico
• Rest of North America

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Polyethylene Terephthalate (PET) Market, by Type
1.4.2 North America Polyethylene Terephthalate (PET) Market, by Application
1.4.3 North America Polyethylene Terephthalate (PET) Market, by Country
1.5 Methodology for the research

Chapter 2. Market at a Glance
2.1 Key Highlights

Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
3.3 Porter’s Five Forces Analysis

Chapter 4. North America Polyethylene Terephthalate (PET) Market by Type
4.1 North America Virgin Market by Country
4.2 North America Recycled Market by Country

Chapter 5. North America Polyethylene Terephthalate (PET) Market by Application
5.1 North America Packaging Market by Country
5.2 North America Automotive Market by Country
5.3 North America Construction Market by Country
5.4 North America Medical Market by Country
5.5 North America Others Market by Country

Chapter 6. North America Polyethylene Terephthalate (PET) Market by Country
6.1 US Polyethylene Terephthalate (PET) Market
6.1.1 US Polyethylene Terephthalate (PET) Market by Type
6.1.2 US Polyethylene Terephthalate (PET) Market by Application
6.2 Canada Polyethylene Terephthalate (PET) Market
6.2.1 Canada Polyethylene Terephthalate (PET) Market by Type
6.2.2 Canada Polyethylene Terephthalate (PET) Market by Application
6.3 Mexico Polyethylene Terephthalate (PET) Market
6.3.1 Mexico Polyethylene Terephthalate (PET) Market by Type
6.3.2 Mexico Polyethylene Terephthalate (PET) Market by Application
6.4 Rest of North America Polyethylene Terephthalate (PET) Market
6.4.1 Rest of North America Polyethylene Terephthalate (PET) Market by Type
6.4.2 Rest of North America Polyethylene Terephthalate (PET) Market by Application

Chapter 7. Company Profiles
7.1 Lanxess AG
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Segmental and Regional Analysis
7.1.4 Research & Development Expenses
7.1.5 Recent strategies and developments:
7.1.5.1 Acquisition and Mergers:
7.1.6 SWOT Analysis
7.2 LOTTE Chemical Corporation (LOTTE Corp.)
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Segmental and Regional Analysis
7.2.4 Research & Development Expenses
7.3 DuPont de Nemours, Inc.
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Segmental and Regional Analysis
7.3.4 Research & Development Expense
7.3.5 SWOT Analysis
7.4 LyondellBasell Industries Holdings B.V.
7.4.1 Company Overview
7.4.2 Financial Analysis
7.4.3 Segmental and Regional Analysis
7.4.4 Research & Development Expenses
7.4.5 Recent strategies and developments:
7.4.5.1 Product Launches and Product Expansions:
7.4.6 SWOT Analysis
7.5 BASF SE
7.5.1 Company Overview
7.5.2 Financial Analysis
7.5.3 Segmental and Regional Analysis
7.5.4 Research & Development Expense
7.5.5 SWOT Analysis
7.6 Indorama Ventures Public Company Limited (Indorama Resources Ltd.)
7.6.1 Company Overview
7.6.2 Financial Analysis
7.6.3 Recent strategies and developments:
7.6.3.1 Geographical Expansions:
7.6.4 SWOT Analysis
7.7 RTP Company, Inc.
7.7.1 Company Overview
7.7.2 SWOT Analysis
7.8 SABIC (Saudi Arabian Oil Company)
7.8.1 Company Overview
7.8.2 Financial Analysis
7.8.3 Segmental and Regional Analysis
7.8.4 Recent strategies and developments:
7.8.4.1 Product Launches and Product Expansions:
7.8.5 SWOT Analysis
7.9 Nan Ya Plastics Corp. (NPC)
7.9.1 Company Overview
7.9.2 Financial Analysis
7.9.3 Segmental and Regional Analysis
7.9.4 SWOT Analysis
7.10. Koninklijke DSM N.V.
7.10.1 Company Overview
7.10.2 Financial Analysis
7.10.3 Segmental and Regional Analysis
7.10.4 Research & Development Expense
7.10.5 SWOT Analysis

TABLE 1 North America Polyethylene Terephthalate (PET) Market, 2019 - 2022, USD Million
TABLE 2 North America Polyethylene Terephthalate (PET) Market, 2023 - 2030, USD Million
TABLE 3 North America Polyethylene Terephthalate (PET) Market, 2019 - 2022, Kilo Tonnes
TABLE 4 North America Polyethylene Terephthalate (PET) Market, 2023 - 2030, Kilo Tonnes
TABLE 5 North America Polyethylene Terephthalate (PET) Market by Type, 2019 - 2022, USD Million
TABLE 6 North America Polyethylene Terephthalate (PET) Market by Type, 2023 - 2030, USD Million
TABLE 7 North America Polyethylene Terephthalate (PET) Market by Type, 2019 - 2022, Kilo Tonnes
TABLE 8 North America Polyethylene Terephthalate (PET) Market by Type, 2023 - 2030, Kilo Tonnes
TABLE 9 North America Virgin Market by Country, 2019 - 2022, USD Million
TABLE 10 North America Virgin Market by Country, 2023 - 2030, USD Million
TABLE 11 North America Virgin Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 12 North America Virgin Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 13 North America Recycled Market by Country, 2019 - 2022, USD Million
TABLE 14 North America Recycled Market by Country, 2023 - 2030, USD Million
TABLE 15 North America Recycled Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 16 North America Recycled Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 17 North America Polyethylene Terephthalate (PET) Market by Application, 2019 - 2022, USD Million
TABLE 18 North America Polyethylene Terephthalate (PET) Market by Application, 2023 - 2030, USD Million
TABLE 19 North America Polyethylene Terephthalate (PET) Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 20 North America Polyethylene Terephthalate (PET) Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 21 North America Packaging Market by Country, 2019 - 2022, USD Million
TABLE 22 North America Packaging Market by Country, 2023 - 2030, USD Million
TABLE 23 North America Packaging Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 24 North America Packaging Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 25 North America Automotive Market by Country, 2019 - 2022, USD Million
TABLE 26 North America Automotive Market by Country, 2023 - 2030, USD Million
TABLE 27 North America Automotive Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 28 North America Automotive Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 29 North America Construction Market by Country, 2019 - 2022, USD Million
TABLE 30 North America Construction Market by Country, 2023 - 2030, USD Million
TABLE 31 North America Construction Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 32 North America Construction Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 33 North America Medical Market by Country, 2019 - 2022, USD Million
TABLE 34 North America Medical Market by Country, 2023 - 2030, USD Million
TABLE 35 North America Medical Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 36 North America Medical Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 37 North America Others Market by Country, 2019 - 2022, USD Million
TABLE 38 North America Others Market by Country, 2023 - 2030, USD Million
TABLE 39 North America Others Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 40 North America Others Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 41 North America Polyethylene Terephthalate (PET) Market by Country, 2019 - 2022, USD Million
TABLE 42 North America Polyethylene Terephthalate (PET) Market by Country, 2023 - 2030, USD Million
TABLE 43 North America Polyethylene Terephthalate (PET) Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 44 North America Polyethylene Terephthalate (PET) Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 45 US Polyethylene Terephthalate (PET) Market, 2019 - 2022, USD Million
TABLE 46 US Polyethylene Terephthalate (PET) Market, 2023 - 2030, USD Million
TABLE 47 US Polyethylene Terephthalate (PET) Market, 2019 - 2022, Kilo Tonnes
TABLE 48 US Polyethylene Terephthalate (PET) Market, 2023 - 2030, Kilo Tonnes
TABLE 49 US Polyethylene Terephthalate (PET) Market by Type, 2019 - 2022, USD Million
TABLE 50 US Polyethylene Terephthalate (PET) Market by Type, 2023 - 2030, USD Million
TABLE 51 US Polyethylene Terephthalate (PET) Market by Type, 2019 - 2022, Kilo Tonnes
TABLE 52 US Polyethylene Terephthalate (PET) Market by Type, 2023 - 2030, Kilo Tonnes
TABLE 53 US Polyethylene Terephthalate (PET) Market by Application, 2019 - 2022, USD Million
TABLE 54 US Polyethylene Terephthalate (PET) Market by Application, 2023 - 2030, USD Million
TABLE 55 US Polyethylene Terephthalate (PET) Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 56 US Polyethylene Terephthalate (PET) Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 57 Canada Polyethylene Terephthalate (PET) Market, 2019 - 2022, USD Million
TABLE 58 Canada Polyethylene Terephthalate (PET) Market, 2023 - 2030, USD Million
TABLE 59 Canada Polyethylene Terephthalate (PET) Market, 2019 - 2022, Kilo Tonnes
TABLE 60 Canada Polyethylene Terephthalate (PET) Market, 2023 - 2030, Kilo Tonnes
TABLE 61 Canada Polyethylene Terephthalate (PET) Market by Type, 2019 - 2022, USD Million
TABLE 62 Canada Polyethylene Terephthalate (PET) Market by Type, 2023 - 2030, USD Million
TABLE 63 Canada Polyethylene Terephthalate (PET) Market by Type, 2019 - 2022, Kilo Tonnes
TABLE 64 Canada Polyethylene Terephthalate (PET) Market by Type, 2023 - 2030, Kilo Tonnes
TABLE 65 Canada Polyethylene Terephthalate (PET) Market by Application, 2019 - 2022, USD Million
TABLE 66 Canada Polyethylene Terephthalate (PET) Market by Application, 2023 - 2030, USD Million
TABLE 67 Canada Polyethylene Terephthalate (PET) Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 68 Canada Polyethylene Terephthalate (PET) Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 69 Mexico Polyethylene Terephthalate (PET) Market, 2019 - 2022, USD Million
TABLE 70 Mexico Polyethylene Terephthalate (PET) Market, 2023 - 2030, USD Million
TABLE 71 Mexico Polyethylene Terephthalate (PET) Market, 2019 - 2022, Kilo Tonnes
TABLE 72 Mexico Polyethylene Terephthalate (PET) Market, 2023 - 2030, Kilo Tonnes
TABLE 73 Mexico Polyethylene Terephthalate (PET) Market by Type, 2019 - 2022, USD Million
TABLE 74 Mexico Polyethylene Terephthalate (PET) Market by Type, 2023 - 2030, USD Million
TABLE 75 Mexico Polyethylene Terephthalate (PET) Market by Type, 2019 - 2022, Kilo Tonnes
TABLE 76 Mexico Polyethylene Terephthalate (PET) Market by Type, 2023 - 2030, Kilo Tonnes
TABLE 77 Mexico Polyethylene Terephthalate (PET) Market by Application, 2019 - 2022, USD Million
TABLE 78 Mexico Polyethylene Terephthalate (PET) Market by Application, 2023 - 2030, USD Million
TABLE 79 Mexico Polyethylene Terephthalate (PET) Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 80 Mexico Polyethylene Terephthalate (PET) Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 81 Rest of North America Polyethylene Terephthalate (PET) Market, 2019 - 2022, USD Million
TABLE 82 Rest of North America Polyethylene Terephthalate (PET) Market, 2023 - 2030, USD Million
TABLE 83 Rest of North America Polyethylene Terephthalate (PET) Market, 2019 - 2022, Kilo Tonnes
TABLE 84 Rest of North America Polyethylene Terephthalate (PET) Market, 2023 - 2030, Kilo Tonnes
TABLE 85 Rest of North America Polyethylene Terephthalate (PET) Market by Type, 2019 - 2022, USD Million
TABLE 86 Rest of North America Polyethylene Terephthalate (PET) Market by Type, 2023 - 2030, USD Million
TABLE 87 Rest of North America Polyethylene Terephthalate (PET) Market by Type, 2019 - 2022, Kilo Tonnes
TABLE 88 Rest of North America Polyethylene Terephthalate (PET) Market by Type, 2023 - 2030, Kilo Tonnes
TABLE 89 Rest of North America Polyethylene Terephthalate (PET) Market by Application, 2019 - 2022, USD Million
TABLE 90 Rest of North America Polyethylene Terephthalate (PET) Market by Application, 2023 - 2030, USD Million
TABLE 91 Rest of North America Polyethylene Terephthalate (PET) Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 92 Rest of North America Polyethylene Terephthalate (PET) Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 93 Key Information – Lanxess AG
TABLE 94 Key Information – Lotte Chemical Corporation
TABLE 95 Key Information –DuPont de Nemours, Inc.
TABLE 96 Key Information – LyondellBasell Industries Holdings B.V.
TABLE 97 Key Information – BASF SE
TABLE 98 Key Information – Indorama Ventures Public Company Limited
TABLE 99 Key Information – RTP Company, Inc.
TABLE 100 Key Information – SABIC
TABLE 101 Key Information – Nan Ya Plastics Corp. (NPC)
TABLE 102 Key Information – Koninklijke DSM N.V.

List of Figures
FIG 1 Methodology for the research
FIG 2 North America Polyethylene Terephthalate (PET) Market, 2019 - 2030, USD Million
FIG 3 Key Factors Impacting Polyethylene Terephthalate (PET) Market
FIG 4 Porter’s Five Forces Analysis - Polyethylene Terephthalate (PET) Market
FIG 5 North America Polyethylene Terephthalate (PET) Market share by Type, 2022
FIG 6 North America Polyethylene Terephthalate (PET) Market share by Type, 2030
FIG 7 North America Polyethylene Terephthalate (PET) Market by Type, 2019 - 2030, USD Million
FIG 8 North America Polyethylene Terephthalate (PET) Market share by Application, 2022
FIG 9 North America Polyethylene Terephthalate (PET) Market share by Application, 2030
FIG 10 North America Polyethylene Terephthalate (PET) Market by Application, 2019 - 2030, USD Million
FIG 11 North America Polyethylene Terephthalate (PET) Market share by Country, 2022
FIG 12 North America Polyethylene Terephthalate (PET) Market share by Country, 2030
FIG 13 North America Polyethylene Terephthalate (PET) Market by Country, 2019 - 2030, USD Million
FIG 14 Swot Analysis: Lanxess AG
FIG 15 Swot Analysis: DuPont de Nemours, Inc.
FIG 16 SWOT Analysis: LyondellBasell Industries Holdings B.V.
FIG 17 SWOT Analysis: BASF SE
FIG 18 Swot Analysis: Indorama Ventures Public Company Limited
FIG 19 Swot Analysis: RTP Company, Inc.
FIG 20 SWOT Analysis: SABIC
FIG 21 Swot Analysis: Nan Ya Plastics Corp. (NPC)
FIG 22 SWOT Analysis: Koninklijke DSM N.V