PET resin: Production
China's capacity wave and plants running at 70%
China's capacity wave and plants running at 70% What this tab covers Who makes it and how much: world capacity and output, utilisation, the top producing countries and companies globally and in India, concentration, new capacity coming, and each region's position.| Measure | Figure | Detail | Source |
|---|---|---|---|
| World capacity | about 40-45 Mt/yr bottle-grade (2025, indicative: 34.7 Mt in 2022 plus over 10 Mt announced for 2022-2025) | Czapp, Dec 2022; indicative | |
| World output | about 27-30 Mt (2024-2025, indicative) | Plastics Europe share; MEG tile (indicative) | |
| Capacity utilisation | about 65-70% globally (indicative); most Chinese producers cut rates to about 70% in early 2025 | China added about 2.4 Mt of PET capacity in 2024, with more in 2025 (S&P Global, Mar 2025). | S&P Global, Mar 2025; indicative |
| Concentration | top 10 producers about 68% of capacity (2022); top 2 (Indorama 5.9 Mt, Alpek 3.6 Mt) about 27% | After Indorama and Alpek the next six are Chinese (Czapp). Concentration is far higher than for polyolefins. | Czapp, Dec 2022 |
| New capacity | over 10 Mt of virgin capacity announced for 2022-2025, 6.5 Mt in China; further projects in the US, India and Brunei of over 1 Mt (Czapp 2022) | China added about 2.4 Mt in 2024 (S&P Global). In India the growth is in rPET: Ganesha Ecosphere 42 kt to 132 kt by FY27, plus FSSAI approvals for new lines; Indian rPET investment of Rs 9,000-10,000 crore is cited (Procurement Resource 2026). | Czapp 2022; S&P Global Mar 2025; Readon Jan 2026; Procurement Resource Mar 2026 |
Top producing countries
China 38% · about 13.2 Mt in 2022, plus about 2.4 Mt added in 2024 United States 8% · North America about 14% of capacity in 2022 (Czapp) Europe 10% · about 10% of capacity (2022) India 5% · Reliance, IVL Dhunseri and others (indicative) South Korea and Taiwan 6% · part of Northeast Asia's 45% (indicative) Thailand and Indonesia 5% · Indorama home base (indicative) Czapp 2022; S&P Global 2025; Czapp 2022 (North America share); US share indicative; Czapp 2022; indicative; Czapp 2022; indicativeLargest producers: global
| Company | Country | Volume | Year | Source |
|---|---|---|---|---|
| Indorama Ventures largest; also the largest PET recycler (indicative); JV with Varun Beverages for Indian recycling (S&P Global, Sep 2024) | Thailand | 5.9 Mt PET resin capacity | 2022 | Czapp, Dec 2022 |
| Alpek (DAK Americas) second largest | Mexico | 3.6 Mt PET resin capacity | 2022 | Czapp, Dec 2022 |
| Zhejiang Wankai New Materials added 600 kt (Czapp); maintenance in Mar-May 2025 (S&P Global) | China | not published | 2025 | Czapp 2022; S&P Global 2025 |
| Sanfame Group project size as announced | China | 1.5 Mt/yr new PET (2023) | 2023 | Czapp, Dec 2022 |
| Hainan Yisheng (Hengyi) project size as announced | China | 1.1 Mt/yr new PET | 2022-2025 | Czapp, Dec 2022 |
| China Resources Chemical (CRC) Chengao restart Q4 2022 | China | not published | 2022 | Czapp 2022 |
| JBF RAK restart planned late 2023 | UAE | not published | 2023 | Czapp 2022 |
Largest producers: India
| Company | Country | Volume | Year | Source |
|---|---|---|---|---|
| Reliance Industries largest Indian producer, integrated with PTA and MEG; later figures not checked | India | 1.15 Mt/yr global PET resin capacity (after 650 kt Dahej plant) | 2015 | Packaging Gateway, Apr 2015 |
| IVL Dhunseri Petrochem Haldia PET resin (indicative) | India | not published | 2025 | company disclosures |
| Ganesha Ecosphere (Ganesha Ecopet) processes over 450 t/day of PET waste; about 17% of India's rPSF market | India | 0.042 Mt/yr food-grade rPET, rising to 0.132 Mt by FY27 (Rs 725 crore) | 2026 | Readon (Substack), Jan 2026 |
| Srichakra Polyplast FSSAI-authorised; received European food-safety approval for its rPET | India | not published | 2025 | Indian Pharma Post; Procurement Resource 2026 |
| Varun Beverages and Indorama Ventures JV PET recycling JV announced 2024; delayed (Readon) | India | not published | 2024-2026 | S&P Global, Sep 2024; Readon 2026 |
India makes PET resin at Reliance and IVL Dhunseri, integrated with domestic PTA and MEG (indicative); national PET resin demand is not published here. On recycling, 17 rPET plants hold FSSAI authorisation with about 300,000 t/yr of approved capacity (Procurement Resource, Mar 2026), against about 350,000 t a year of food-grade rPET needed at the 30% mandate (Readon, Jan 2026).
Position by region
| Region | Position |
|---|---|
| US | Mid-sized producer (Alpek, Indorama); state recycled-content laws (California 25% by 2025, 50% by 2030, per Readon) drive rPET demand. |
| EU | About 10% of capacity; Single-Use Plastics Directive requires 25% recycled PET in PET bottles from 2025 and 30% in all bottles by 2030; BOPET film prices up about 40% in Q2 2026 (ESM). |
| India | Integrated producers plus a fast-growing rPET sector driven by EPR; European recyclers bidding for Indian flake lifted prices in FY25 (Readon). |
| China | About 38% or more of capacity and still building; exports set Asian prices; operating rates about 70% (2025). |
| Japan | Small resin producer but high bottle collection and bottle-to-bottle rates (indicative). |
| Middle East | Exports MEG and PX feedstock rather than PET; 2026 Hormuz disruption raised MEG and PET costs in Asia. |