Pro
Chemicals & Materials
Bio-lubricants Market End-use Industry, By Others
| Label | USD Billion |
|---|---|
| 2018 | 0.31773067649516534 USD Billion |
| 2019 | 0.3359688260764941 USD Billion |
| 2020 | 0.35523615479803117 USD Billion |
| 2021 | 0.3770146601579278 USD Billion |
| 2022 | 0.39728457026354586 USD Billion |
| 2023 | 0.4186399457232119 USD Billion |
| 2024 | 0.4411386438673358 USD Billion |
| 2025 | 0.4648415890358256 USD Billion |
| 2026 | 0.48981293409768906 USD Billion |
| 2027 | 0.5161202304096869 USD Billion |
| 2028 | 0.5476838549112583 USD Billion |
| 2029 | 0.5811714632000289 USD Billion |
| 2030 | 0.6166998922056268 USD Billion |
| 2031 | 0.6543930430419482 USD Billion |
| 2032 | 0.6943823059445192 USD Billion |
Data Source: Wantstats Repository
Market Dynamics
Israel's amorphous polyethylene terephthalate (APET) market is an established and mature market. The major driver behind the market growth is the increased demand for PET resins in industries such as food packaging and beverage containerings. Due to the growing demand for convenience food, many companies in Israel are switching to PET packaging solutions. Additionally, the government in Israel has launched many incentives and regulations to encourage the expansion of the PET industry. Furthermore, the growing number of pet food production plants and the increased demand from end-use industries such as consumer goods, automotive and pharmaceuticals, have further fueled the growth of the country's APET market. In terms of production, Israel is the second-largest consumer of PET, accounting for around 30% of total global production. Major producers of APET in Israel include Plastiva, Chairman Industries, Sela Moplast and Ofer Plastics. Exports of APET from Israel have also been growing steadily in recent years. During 2018 and 2019, Israel's exports of PET resins increased by 22.2%, accounting for over half of its total exports. This is partially due to increased demand for PET resins from markets such as the US, Europe and China.
Furthermore, to increase efficiency, PET products are now being produced using recycled materials in Israel, thus reducing their dependence on petroleum-derived raw materials. This trend has become popular among Israeli businesses, as it can reduce production costs and lead to more environmentally-friendly packaging solutions. The outlook for Israel's APET market remains positive. In particular, demand for PET packaging solutions is expected to remain strong, driven by increasing demand from end-use industries. This is in part due to the shift towards convenience food and the need for lightweight and strong packaging materials. Additionally, with growing emphasis on environmental sustainability, PET producers are actively looking into options such as PET recycling. This should help the APET industry remain competitive and grow over the forecast period from 2018-2032.
Research Methodology
Figures reflect Wantstats’ original market research and forecasting models, compiled as part of the Wantstats research archive and published in 2023.
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Manager, JavolVision
Thanks, I am so happy that we worked together. Maybe we still can work together in the future.
Joseph Aguayo
Sales Operations & Pricing Manager, Intel
Thanks. It's been a pleasure working with you, please use me as reference with any other Intel employees.
Bong Lau
Sales Leader, Bamberg
We bought your "2025 report" in 2020. Everything is fine and very good.
Peter Groot Koerkamp
Account and Business Manager, EFS-Holland BV
Thanks for sending the report it gives us a good global view of the Betaïne market.
Younghwan Choi
Senior Retail Manager, LG Chem
We found the report very insightful! we found your research firm very helpful. I'm sending this email to secure our future business.
Mark Irwin
Management Consultant, Level 21
I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.
Rob Kooiker
Group Product Manager HVAC & Fire Protection GMA, Rockwool
I have been reading the first document or the study, the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!
Jason Lee
R&D Director, Seojin
Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.
Akif Moroglu
Strategy & Business Development Director, Dogan Holding
We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.