Rising Polyethylene Terephthalate (PET) Demand Leads to Its Shortage
Global Polyethylene Terephthalate Market (PET) shortage and ways to tackle it

The global polyethylene terephthalate market (PET) observes supply issues and logistics challenges, RationalStat analyses the unique challenges facing the global plastics packaging markets and how you can navigate them.

With the ongoing recovery in the global markets, the demand for polyethylene terephthalate (PET) has surged significantly. The situation, already observed in 2020, pertaining to container shortage is hovering across the world. Distinctly, expensive freight costs coupled with container shortages will remain challenging for PET suppliers to export and get better prices in Europe and North America.

According to the research, supply constraints of the raw materials of polyethylene terephthalate (PET) — especially polyethylene (PE) and monoethylene (MEG) — are leading to factory shutdowns, production delays, and sharp price increases across a range of markets.

Surges in demand are widely expected to occur in the world as vaccinated consumers venture out.

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Divyanshu Sharma | RationalStat Director and co-founder

Divyanshu Sharma

Co-founder and Director at RationalStat

Divyanshu is an experienced market research consultant. He helps growth-driven organizations and entrepreneurs understand market entry prospects, industry assessment, and grow their revenue strategically. 

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