India PET Resin Market Intelligence Report 2020: Analyses and Forecasts Through 2015-2030 — Astonishing Increase in Demand due to the Outbreak of COVID-19 – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “India PET Resin Market: Plant Capacity, Production, Technology, Operating Efficiency, Demand & Supply, End Use, Type, Distribution Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2030” report has been added to ResearchAndMarkets.com’s offering.

The demand for Polyethylene Terephthalate (PET) resin in India stood at 812 thousand tonnes in 2018 and is projected to grow at a CAGR of 6.75% in the forecast period.

In India, PET has become the primarily preference in the packaging sector owing to the rigidity it offers, its eco-friendly attribute and recyclable nature. The demand for PET in the packaging of food and beverages witnessed a steep inclination after the sudden outbreak of Coronavirus (COVID-19) in the final quarter of FY 20. This astonishing increase in the demand is a ripple effect of the increasing awareness of hygiene, prompting an enhanced procurement of disposable and packaged items to reduce the chances of infection by any means.

Moreover, the increasing preference for PET bottles over aluminium and glass packaging, in rapidly expanding Indian pharmaceutical sector owing to its quality standard and safety is anticipated to further propel the demand for PET in the forecast period. As the healthcare and pharmaceutical sectors are likely to witness a robust expansion due to increasing requirement for equipment and medications after the Pandemic, the need for PET bottles for medical packaging is perceived to witness an incredible surge in the coming years.

Polyethylene Terephthalate is being manufactured in India on massive capacity by Reliance Industries followed by three other companies. Hence, majority of the demand for PET in India is satisfied by domestic production but cheap imports from other countries have certainly caused abrupt material injury to the Indian production in the last few years. However, the immense production capacity of PET in the country is also sufficient to cater to the export requirements from countries like Algeria, Bangladesh, Egypt, etc. The sudden spike in the demand for PET from food and beverages and healthcare industries is anticipated to compel manufacturers to operate over 60 per cent efficiency in order to profoundly fulfil the domestic as well as the international demand.

As PET is manufactured by utilizing Monothylene Glycol (MEG) and Purified Terephthalic Acid (PTA), the production and availability of these feedstocks in the domestic market considerably affects the production of PET. PET can also be segmented based on its type as CSD (Carbonated Soft Drinks), Water Packaging, Food Packaging, Non-Food Packaging, Sheer & RPER. The consumption of PET in the domestic market vary with regions too. In India, PET in majorly consumed in North and West region due to the presence of large number of end-user industries and a vast distribution channel.

Years Considered

• Historical Years: 2015-2019
• Base Year: 2020
• Estimated Year: 2021
• Forecast Period: 2022-2030

Objective of the Study

• The primary objective of the study was to evaluate and forecast PET resin capacity, production, demand, demand – supply gap in India.
• To categorize PET resin demand based on end-use, type, sales channel and region.
• To study trade dynamics and company share in the Indian PET resin market.
• To identify major customers of PET resin in India.
• To evaluate and forecast PET resin pricing in India.
• To identify and profile major companies operating in the Indian PET resin market.
• To identify major developments, deals and expansion plans in the Indian PET resin market.

India constitutes abundant production of PET by four leading manufacturers. Hence, the demand for PET is largely fulfilled by domestic production. In addition, India also actively participates in catering to the demand from other countries. Major companies operating in India PET Market include Reliance Industries Limited, Dhunseri Petrochem & Tea Limited, JBF Industries Limited, Indorama Ventures Public Company Limited, Toray Industries, Jiangsu Sanfangxiang Group, Eastman Chemical Company, Nan Ya Plastic Corporation, SABIC, BASF SE ,Far Eastern New Century Corporation etc.

Slowdown in its automotive sector, which is one of the major end-user industry of PET resin negatively affected the demand for the product in the first half of the financial yearly. This slowdown was further exacerbated by the Coronavirus outbreak compelling the government to impose a nationwide lockdown in order to contain the spread of the virus. The lockdown imposed in the final quarter of FY 20 led to a halt in production in various industries such as automotive and electronics, thereby bringing down the prices of PET at a considerable rate. Owing to the unfavorable circumstances throughout the year, prices of PET witnessed a downfall of over 10 per cent in FY 20.

Key Topics Covered

1. Manufacturing Process & Technology Licensing Evaluation

2. India PET Demand-Supply Gap Outlook, By Volume

2.1. Capacity, By Company

2.2. Capacity, By Location

2.3. Capacity, By Technology

2.4. Production, By Company

2.5. Operating Efficiency, By Company

2.6. Country-Wise Import

2.7. Country-Wise Export

2.8. Demand-Supply Gap

3. India PET Demand Outlook

3.1. By Type

3.2. By End-use

3.3. By Distribution Channel

3.4. By Region / State

3.5. By Company

4. Customer Analysis

4.1. Procurement Volume

4.2. Procurement Prices

4.3. Existing Supplier

4.4. Contact Details

5. Cost Structure

5.1. Raw Material Cost

5.2. Selling & Distribution Cost

5.3. Fixed Cost

5.4. Other Cost

6. Market Trends & Developments (Focus on emerging application and manufacturing technologies

7. Grade-Wise & Company-Wise Pricing Analysis (Monthly)

7.1. Historical Prices (Domestic, CFR)

7.2. Forecast

8. Competitive Landscape (Top 10 Companies in terms of revenue share)

8.1. Company Profiles

8.1.1. Key Financial Matrices

8.1.2. Margin Analysis

8.1.3. SWOT Analysis

8.1.4. Key Market Focus and Geographical Presence

8.1.5. Planned Investments

8.1.6. Collaborations

8.1.7. Technology Licensing

8.1.8. Expansion Plan

9. Project Viability Analysis

10. Strategic Recommendations

Companies Mentioned

• Reliance Industries Limited
• Dhunseri Petrochem & Tea Limited
• JBF Industries Limited
• Indorama Ventures Public Company Limited
• Toray Industries
• Jiangsu Sanfangxiang Group
• Eastman Chemical Company
• Nan Ya Plastic Corporation
• Saudi Basic Industries Corporation (SABIC)
• BASF SE

For more information about this report visit https://www.researchandmarkets.com/r/h3ge09

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