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.
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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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