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Global PET Resin Industry - Food Packaging to Emerge as Largest End Use Sector
GlobalData, Sep 2011, Pages: 7
Global PET Resin Industry - Food Packaging to Emerge as Largest End Use Sector
Summary
Polyethylene Terephthalate (PET) is one of the fastest growing plastics. The growth in the PET resin market is fuelled by the growth in the Asia Pacific market. As the packaged food and beverage market is experiencing great growth in this geography, the demand for PET resin, which is the major packaging material for food and beverage, is bound to rise in the next five years. PET resin finds its application in carbonated soft drinks (CSD), food, bottled water, beer and other sectors. While growth is slowing down in the CSD and bottled water sectors, food and beer are showing double digit growth rates and are expected to continue in the next five years. PET resins also score over other plastic resins due to its easy recyclability. Although the recycling of PET is an old practice, the rate of recycling is still low. As the consumer turns towards more environmentally friendly products, the recycle rate for PET is expected to rise in the future.
Scope
- Analyses the demand and production scenario of PET industry
- Analyses the end use segments driving PET demand
Reasons to buy
- Understand the drivers for PET market
- Formulate strategies based on the current trends in the industry
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