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Due to the numerous advantages polyethylene terephthalate provides, the market for it is expected to expand steadily during the forecast period. The most widely used polymer in the world is PET. It is frequently used as a fabric for apparel, as well as extensively for packing and bottling. The polyethylene terephthalate market is predicted to grow significantly due to rising consumer demand for packaged foods.
The global market for polyethylene terephthalate is projected to gain from a shift toward flexible packaging. Other benefits like low cost, high strength to weight ratio, shatterproof, and simple recycling prove to be market growth drivers for polyethylene terephthalate.
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