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DUBLIN, Sept. 23, 2022 /PRNewswire/ — The “Amorphous Polypropylene Terephatalate Global Market Report 2022” report has been added to ResearchAndMarkets.com’s offering.
The global amorphous polypropylene terephthalate market is expected to grow from $34.62 billion in 2021 to $37.84 billion in 2022 at a compound annual growth rate (CAGR) of 9.30%. The amorphous polypropylene terephthalate market is expected to grow to $51.92 billion in 2026 at a compound annual growth rate (CAGR) of 8.23%.
Asia Pacific was the largest region in the amorphous polypropylene terephthalate market in 2021. The regions covered in the amorphous polypropylene terephthalate market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The surge in the product demand for the purpose of packaging in the food & beverage sector will propel the growth of the amorphous polypropylene terephthalate market. Amorphous polyethylene terephthalate is used extensively for packaging food items and beverages, as it offers high strength and stiffness, clear visibility, and low creep characteristics, which make it perfect for use in food packaging applications.
These plastics are used in the food and beverage industry to pack drinks, fresh meats, fruits, and vegetables. According to a United Nations Environment Programme (UNEP) report, 36% of the total plastics produced is used in packaging, including single-use plastic products for food and beverage containers. Thus, surge in the product demand for the purpose of packaging in the food and beverage sector …
Full story available on Benzinga.com
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