Press Release

India Purified Terephthalic Acid Market to Grow with a CAGR of 6.42% through 2030

Growth of Food and Beverage Sector is expected to drive the India Purified Terephthalic Acid Market growth in the forecast period, 2026-2030.


According to TechSci Research report, “India Purified Terephthalic Acid Market- By Region, Competition, Forecast and Opportunities, 2020-2030”, the India Purified Terephthalic Acid Market achieved a total market volume of 132.67 Million Tonnes in 2024 and is anticipated to grow with a CAGR of 6.42% through 2030. As the food and beverage industry continues to expand, the demand for effective packaging solutions is rising to meet consumer expectations. PET resin, a key product derived from Purified Terephthalic Acid (PTA), plays a crucial role in this sector due to its durability and safety attributes. The industry is increasingly adopting advanced packaging technologies that emphasize enhanced barrier properties and convenience features, which require high-quality PET, thereby driving up the demand for PTA.

Significant investments in new production and packaging facilities within the food and beverage sector are further elevating PTA demand, as these facilities depend heavily on PET for their operations. The Interim Budget 2024-25 allocated USD 396 million to the Ministry of Food Processing Industries, reflecting a 13% increase over the revised estimates for fiscal year 2024. This funding is aimed at supporting the growth of bottled beverages, including water, juices, and soft drinks, which further stimulates the need for PET bottles and, by extension, PTA.

The rising trend of ready-to-eat and convenience foods is also boosting the demand for PET packaging. Additionally, the industry’s shift towards sustainable packaging solutions, including the use of recycled PET (rPET), enhances PTA demand since PTA is integral to rPET production. Increasing consumer awareness regarding health and safety further drives the need for reliable and high-quality packaging solutions, reinforcing PTA's vital role in supporting the sector’s growth.

 

Browse over XX market data Figures spread through XX Pages and an in-depth TOC on "India Purified Terephthalic Acid Market

 

The India Purified Terephthalic Acid Market is segmented into sales channel, end user, regional distribution, and company.

Based on the End User, the PET Resin emerged as the fastest growing segment in the Indian market for Purified Terephthalic Acid during the forecast period. The demand for PET resin is fueled by the increasing consumption of bottled beverages, such as water, soft drinks, and juices, where PET resin plays a crucial role in manufacturing PET bottles. The packaging industry, particularly for food and beverages, is rapidly expanding, and PET resin is essential for producing a range of packaging materials, including containers, trays, and films. This trend is further amplified by the rising adoption of recycled PET (rPET) in packaging, which also drives demand for PET resin. Companies are investing in recycling technologies that use PET resin to create sustainable packaging solutions. For instance, in 2023, PepsiCo India announced plans to introduce new bottles made entirely from 100% recycled polyethylene terephthalate (rPET) for its carbonated beverages. Additionally, rapid urbanization and evolving lifestyles are increasing the consumption of packaged goods, further boosting the use of PET resin in packaging. Investments in new PET resin production facilities and expansion of existing ones are addressing the growing demand across various industries. The surge in e-commerce has also heightened the need for durable and protective packaging materials, with PET resin being extensively utilized in packaging solutions for shipping and logistics, contributing to its growth.

Based on the region, the South India emerged as the fastest growing region in the Indian Purified Terephthalic Acid market during the forecast period. South India, particularly in Tamil Nadu with key hubs in Coimbatore, Tirupur, and Erode, is renowned for its extensive production of yarns, fabrics, and garments, all of which require Purified Terephthalic Acid (PTA) for polyester fiber manufacturing. The region has seen notable growth in various manufacturing sectors, including packaging and automotive industries, which further boosts PTA demand as these sectors rely heavily on polyester products. Additionally, Karnataka and Andhra Pradesh are experiencing significant industrial development, with investments in chemical manufacturing and downstream industries that utilize PTA.

South India's strategic location, with major ports such as Chennai and Visakhapatnam, plays a crucial role in the PTA supply chain by facilitating the import of raw materials like paraxylene (PX) and the export of finished products. This infrastructure supports the PTA market's growth by enhancing the efficiency of logistics and transportation. There is also an increasing focus on sustainability, with South India's industrial sector leading the way in developing recycled and bio-based PTA alternatives, aligning with global sustainability trends. State governments in South India frequently offer favorable policies and incentives, including tax breaks and subsidies, to stimulate industrial growth and infrastructure development, which in turn encourages investments in the PTA sector.Rising consumer demand for PET bottle packaging and polyester-based goods drives PTA consumption. The growing middle class and urbanization in South India contribute to higher demand for these products.

 

Major companies operating in India Purified Terephthalic Acid Market are:

  • Reliance Industries Limited
  • Moradia Brothers Chem Pvt. Ltd.
  • Sigma Aldrich Chemicals Private Limited
  • Eastman Chemical India Private Limited
  • RX CHEMICAL RXSOL RX MARINE
  • MCPI Private Limited
  • Indorama Ventures Public Company Limited
  • Indian Oil Corporation Ltd
  • BP India Services Private Ltd.
  • GAIL (India) Limited


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“With the increasing need for high-quality polyester films in packaging and electronics, PTA is becoming a vital raw material. The rise in urbanization and the growth of e-commerce are amplifying this demand. India’s expanding manufacturing capabilities and major port facilities ensure efficient PTA production and distribution. This integration of PTA with polyester film production highlights India's significant role in the global market,” said Mr. Karan Chechi, Research Director of TechSci Research, a research-based management consulting firm.

India Purified Terephthalic Acid Market By Sales Channel (Direct Sales Channel, Indirect Sales Channel), By End User (Polyester Fiber and Yarn, PET Resin, Polyester Film, Others), By Region, Competition, Forecast and Opportunities, 2020-2030F”, has evaluated the future growth potential of India Purified Terephthalic Acid Market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in India Purified Terephthalic Acid Market.

 

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