# PET resin: Production

China's capacity wave and plants running at 70%

Source page: https://www.materialinsights.org/chemicals/pet/production/

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; indicative

#### Largest 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](https://www.indoramaventures.com) |
| **Alpek (DAK Americas)** second largest | Mexico | 3.6 Mt PET resin capacity | 2022 | [Czapp, Dec 2022](https://www.alpek.com) |
| **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](https://www.wkaiglobal.com) |
| **Sanfame Group** project size as announced | China | 1.5 Mt/yr new PET (2023) | 2023 | [Czapp, Dec 2022](http://www.sanfame.com) |
| **Hainan Yisheng (Hengyi)** project size as announced | China | 1.1 Mt/yr new PET | 2022-2025 | [Czapp, Dec 2022](http://www.hengyi.com) |
| **China Resources Chemical (CRC)** Chengao restart Q4 2022 | China | not published | 2022 | [Czapp 2022](https://www.crc.com.hk) |
| **JBF RAK** restart planned late 2023 | UAE | not published | 2023 | [Czapp 2022](https://www.jbfindia.com) |

#### 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](https://www.ril.com) |
| **IVL Dhunseri Petrochem** Haldia PET resin (indicative) | India | not published | 2025 | [company disclosures](https://www.indoramaventures.com) |
| **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](https://www.ganeshaecosphere.com) |
| **Srichakra Polyplast** FSSAI-authorised; received European food-safety approval for its rPET | India | not published | 2025 | [Indian Pharma Post; Procurement Resource 2026](https://www.srichakrapoly.com) |
| **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](https://www.varunbeverages.com) |

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. |

## Other sections

- [Summary](https://www.materialinsights.org/chemicals/pet/index.md)
- [Overview](https://www.materialinsights.org/chemicals/pet/overview/index.md)
- [Correlation](https://www.materialinsights.org/chemicals/pet/correlation/index.md)
- [Production route](https://www.materialinsights.org/chemicals/pet/routes/index.md)
- [Feedstocks](https://www.materialinsights.org/chemicals/pet/feedstocks/index.md)
- [Cycles](https://www.materialinsights.org/chemicals/pet/cycles/index.md)
- [Trading](https://www.materialinsights.org/chemicals/pet/trading/index.md)
- [Movement](https://www.materialinsights.org/chemicals/pet/movement/index.md)
- [Regulation](https://www.materialinsights.org/chemicals/pet/regulation/index.md)
- [Characteristics](https://www.materialinsights.org/chemicals/pet/characteristics/index.md)
- [Emissions](https://www.materialinsights.org/chemicals/pet/emissions/index.md)
- [Relationships](https://www.materialinsights.org/chemicals/pet/links/index.md)