U.S. Amorphous Polyethylene Terephatalate Market Outlook

u.s. amorphous polyethylene terephthalate (apet) market is an emerging sector, offering promising growth opportunities in the near future. with increasing demand for rigid and lightweight packaging, apet is becoming increasingly popular due to its superior properties. the unique properties of apet include excellent chemical and heat resistance, high stiffness, and clarity of packaging materials which makes it suitable for food-grade packaging applications. the u.s apet market is highly price sensitive with volatile prices across different regions, and is expected to grow with a modest cagr of 3.0% over the outlook 2018-2032. the growing food & beverages industry in the u.s is one of the major factors driving the consumption of apet for packaging. furthermore, the rising need for high-end packaging products coupled with increasing demand for sustainable packaging materials has been providing major strength to the apet market. with fierce competition from other polymers such as pvc and pp, apet manufacturers in the u.s are focusing on innovation in order to differentiate their products in the market. some of the innovative features being developed to support adoption of apet includes improved barrier properties, flame resistant coatings, anti-fog coatings, and antibacterial coatings. additionally, the introduction of biodegradable apet resins is also contributing to the growth of the us apet market. the increased demand for recyclable packaging materials is expected to fuel the demand for apet resins over the outlook period. in order to further increase its share in the u.s market, apet manufacturers are focusing on creating brand awareness and forging strategic partnerships with distributers and customers. new product launches and introductions of advanced technologies such as blow molding and thermoforming processes are also expected to support the growth of the us apet market over the outlook period.