CATEGORY

PET

Polyethylene terephthalate is one of the most commonly used thermoplastic polymer which is predominantly used in fibres and bottling applications apart from engineering plastics. Beroe estimates Asia to witness the highest growth rates compared to other matured geographies like US and Europe.

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Category Alerts

CATEGORY ALERTS

Novapet plans to shut it's PET line

July 26, 2022
alert level: Medium
CATEGORY ALERTS

Five PET recycling facilities to be launched in US

July 26, 2022
alert level: Medium
CATEGORY ALERTS

Force majeure declared by JBF-RAK

July 21, 2022
alert level: High

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PET Market Monitoring Dashboard

Price Trend
1304.73
Nov-2022
USD/MT
History Forecast
Supply Demand

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PET Industry Benchmarks

Savings Achieved

(in %)

The average annual savings achieved in PET category is 6.50%

Payment Terms

(in days)

The industry average payment terms in PET category for the current quarter is 45.0 days

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Category Strategy and Flexibility

Engagement Model

Supply Assurance

Sourcing Process

Supplier Type

Pricing Model

Contract Length

SLAs/KPIs

Lead Time

Supplier Diversity

Targeted Savings

Risk Mitigation

Financial Risk

Sanctions

AMEs

Geopolitical Risk

Cost Optimization

Price per Unit Competitiveness

Specification Leanness

Minimum Order Quality

Payment Terms

Inventory Control

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    PET Suppliers

    71,106
    Total Suppliers
    1,648
    Diverse Suppliers
    74
    Normalized Supplier Rating
    PET Supplier

    Find the right-fit pet supplier for your specific business needs and filter by location, industry, category, revenue, certifications, and more on Beroe LiVE.Ai™.

    Sample Supplier
    Company
    BASF SE
    Location
    Jackson, Mississipi
    Duns number
    3862211
    D&B SER Rating
    dnb logo

    Up to 3 months

    1 9
    1
    Low Risk High Risk

    The Supplier Evaluation Risk (SER) Rating is Dun & Bradstreet’s proprietary scoring system used to assess the probability that a business will seek relief from creditors or cease operations within the next 12 months. SER ratings range from 1 to 9, with 9 indicating the highest risk of failure. We’ve prepared an infographic to help business owners better understand what influences their SER Rating.

    Creditsafe Rating

    D/2

    The Supplier Evaluation Risk (SER) Rating is Dun & Bradstreet’s proprietary scoring system used to assess the probability that a business will seek relief from creditors or cease operations within the next 12 months. SER ratings range from 1 to 9, with 9 indicating the highest risk of failure. We’ve prepared an infographic to help business owners better understand what influences their SER Rating.

    A 71 - 100

    Very Low Risk

    B 51 - 70

    Low Risk

    C 30 - 50

    Moderate Risk

    D 21 - 29

    High Risk

    E 0 - 20

    Not Rated

    Moody`s ESG Solution
    ESG Profile
    Company and Sector Performance
    59
    100
    Robust (1)
    ESG Perfomance (/100)
    Environment
    60
    Social
    59
    Governance
    57
    6 Domains Performance (/100)
    Business behaviour
    62
    Human rights
    68
    Community Environment
    42
    Corporate governance
    60
    Human resources
    61
    Security Scorecard
    82
    Threat indicators
    B
    83
    Network Security
    Detecting insecure network settings
    A
    100
    Hacker Chatter
    Monitoring hacker sites for chatter about your company
    D
    62
    DNS Health
    Detecting DNS insecure configuration and vulnerabilities
    B
    80
    Application Security
    Detecting common website application vulnerbilities
    B
    81
    Endpoint Security
    Detecting unprotected enpoints or entry points of user tools, such as desktops, laptops mobile devices, and virtual desktops
    A
    100
    Cubic Score
    Proprietary algorithms checking for implementation of common security best practices
    B
    85
    Patching Cadence
    Out of date company assets which may contain vulnerabilities of risk
    A
    100
    Social Engineering
    Measuring company awareness to a social engineering or phising attack
    A
    94
    IP Reputation
    Detecting suspecious activity, such as malware or spam, within your company network
    A
    100
    Information Leak
    Potentially confidential company information which may have been inadvertently leaked
    Industry Comparison
    basf.com
    Industry average
    Adverse Media Appearances
    Environmental Issues
    17
    Workforce Health Safety Issues
    0
    Product Service Issues
    22
    Human Rights Issues
    3
    Production Supply Chain Issues
    35
    Environmental Non Compliance Flags
    74
    Corruption Issues
    0
    Regulatory Non Compliance Flags
    21
    Fraud Issues
    8
    Labor Health Safety Flags
    12
    Regulatory Issues
    13
    Workforce Disputes
    6
    Sanctions
    0
    esg energy transition
    49
    Discrimination Workforce Rights Issues
    3
    esg controversies critical severity
    Yes

    PET market frequently asked questions

    The Asia Pacific (APAC) PET market value is slated to multiply at around 6.7% CAGR through 2024. Asia is the leading PET exporter, with a consistent trade surplus of 2–3 MMT per year over the last five years.

    Driven by the healthy demand, the APAC PET market, holding over 60% of the overall supply, continues to attract market players and stakeholders. Furthermore, the European Union (EU) and North America collectively capture around a fifth of the global PET supply.

    While PET market players in the US and Europe highly prefer contract transactions, spot transactions are the most favorable type of engagement in Asia.

    In 2019, the global PET production and demand pegged 37.97 MMT and 28.42 MMT, respectively.

    Squeezed global supply and rising crude prices are the key factors negatively impacting PET manufacturers’ profit margins.

    Significant PET usage is observed in producing films, while usage in fiber and bottle production is likely to grow at 4.8% and 4.3% CAGR.

    North America and Europe have been net PET imports over the past five years, mainly due to disruption in domestic supply.

    In Asia, the buyer power is high, while in the EU and North America, the buyer power is medium and low, respectively.

    Beroe’s analysis shows that the global PET demand will grow at 8-9% CAGR during 2019-2024.

    PET market report transcript

    Global Marketing Outlook on PET

    • During 2020–2024, the global market is estimated to grow at the rate of 8–9 percent, mainly driven by the APAC PET market
    • The APAC PET market is likely to drive the market through its healthy demand (6.7 percent CAGR) until 2024
    • The key market driving end use is led by the film segment (5.5 percent CAGR), followed by the fiber segment (4.8 percent CAGR) and bottle segment (4.30 percent CAGR)

    Global Capacity–Demand Analysis

    • The PET market has undergone tremendous change from being an oversupplied market to a supply constrained market. The bankruptcy associated with one of the major producers, M&G Group, has resulted around 10 percent of the total PET capacity going offline. Asia has filled this deficit though its capacity expansions (1,5MMT/year) and is expected to drive the PET market through its healthy demand (6.71 percent CAGR) until 2022

    Market Outlook 

    • Capacity Dynamics:In 2017, Asia, including Middle East, accounted for approx. 63.2 percent of the total capacity (23.9 MMT/year) and by 2022, it is expected to reach 25.48 MMT/yrear

    Capacity Trends

    • APAC: The region has witnessed the healthiest demand and is expected to witness capacity additions of 1.5 MMT/year by 2018
    • Europe: The mature market has seen a modest growth rate; however, capacity addition of 281,000 MT/year is expected by 2020
    • North America: Capacity of 1.1 MMT/year is expected to come online, however, with the recent problems with the M&G Group, the construction remains unfinished without any announcements

    Global Demand by Application

    By 2022, the global PET market is expected to grow at a CAGR of 4.75 percent. The key market driving end use is led by the film segment (5.5 percent CAGR), followed by fiber segment (4.8 percent CAGR), and bottle segment (4.30 percent CAGR).Asia is expected to drive the PET market through its healthy demand (6.71 percent CAGR) until 2022

    Global Trade Dynamics

    • North America:Net importer for the past five years. The level of imports has increased, due to disruption in domestic production
    • Europe: Net importer for the past five years with a trade deficit of 0.1–1 MMT/year. In 2016, deficits have increased with slight uptrend in imports
    • Asia: Largest exporter, with a consistent trade surplus of 2–3 MMT/year for the past five years
    • LATAM (Brazil): The region has witnessed steady domestic supply and with the surplus catering to regions in Americas (North and Latin America)