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July 30, 2021, 6:52 a.m. EDT

North America PET Market is projected to manifest the fastest CAGR of 5.50% through 2027

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Jul 30, 2021 (Market Insight Reports) -- Selbyville, Delaware. North America PET Market report provides key statistics on the market status of the North America PET Industry and is a valuable source of guidance and direction for companies and individuals interested in the North America PET Market. North America PET Market Report covers the companies' data, including Growth potential analysis, Executive Summary, Data sources, Industry segmentation, Porter's analysis, Business trends, Growth drivers, Price trend analysis, Industry pitfall and challenges, Industry impact forces, Competitive landscape

Request a sample Report of North America PET Market Analysis Report at: https://www.marketstudyreport.com/request-a-sample/2487113/?utm_source=MarketWatch&utm_medium=SHR&utm_campaign=marketwatch

North America is anticipated to proliferate with a CAGR of 6.37% in terms of value, and with a CAGR of 5.50% in terms of volume, in the estimated period of 2019 to 2027. The countries of Canada and the United States together comprise the PET market in the North American region. Canada has the second-largest food processing industry in North America, as per the value of production with shipments. The growing demand for meat & dairy production and fruits & vegetable processing is expected to drive the demand for the PET market in the forecast period. The other sub-sectors include specialty foods, animal foods and sugar & confectionery. The milk & dairy products production is continuously increasing, which is expected to drive the demand for PET packaging in the country. The Canadian automotive market produced 2.2 million vehicles in 2017, which was a major consumer of global polyethylene terephthalate in the country, and the demand is likely to increase, in the coming years. To push the manufacturing activities, the automotive industry has been integrated with the NAFTA, with a well-developed vehicle dealer network, in addition to a world-class distribution system. In March 2017, Ford Motor, Co. announced to establish an R&D center in Ottawa, as a part of its USD 1.2 billion investment for the manufacturing of new V8 engines. The above mentioned factors are driving the demand for PETs in Canada.


Some of the established giants in the PET market are Royal DSM, Far Eastern New Century Corporation, Reliance Industries, Ltd., Lotte Chemical Corporation, Alpek S.A.B. De C.V., JBF Industries, Ltd., Sinopec Group, BASF SE, Hengli Group, Ltd., Octal, Indorama Ventures Public Company, Ltd., Saudi Basics Industries Corp., Jiangsu Sanfangxiang Group, China Resources Chemical Materials Technology, Ltd. and M&G Chemicals.

What will you get in this report?

  • An exhaustive analysis of the global North America PET market with detailed studies on different topics that will help key players to create effective development strategies and strengthen a strong position in the North America PET industry.

  • It gives a complete mapping of the behaviors of North America PET market contributors and the vendor landscape. Existing companies could use the report to prepare themselves well to face future market challenges and strongly compete in the global North America PET market.

  • Also, the analysts have provided a thorough assessment of the impact of these strategies on North America PET market growth and competition and many more

  • A competitive portfolio of North America PET market in the different regions including their growth factors, pitfall challenges, investment structure, advancement in all aspects, customer base etc.

Read Full Report at: North America PET Market

Major Highlights from Table of contents are listed below for quick lookup into North America PET Market report

Chapter 1. Competitive Landscape

  • Company market share

  • North America PET Market Competitive analysis of key market players

  • Competitive analysis of other prominent vendors

Chapter 2. Company Profiles

  • Business Overview

  • Financial Data

  • Product portfolio

  • Strategic Outlook

  • SWOT Analysis

Chapter 3. Methodology & Scope

  • Methodology

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