China Pet Bottle Develop Rapidly In The International Market

PET has been in use for quite some time, but in recent years there has been a surge in demand worldwide. The availability of PET materials places great emphasis on packaging because high quality production reduces costs. In the next five years, there will be a sustained annual growth rate of 4.6% year-on-year. This is an amazing growth from any size. In addition to established economies, transition economies and emerging economies have become important players in the market.
Sustainable growth will bring new demands on PET packaging materials to new heights
Increasing attention to attractive packaging and personal hygiene is the main reason behind growth. Due to the reliability and robustness of Pet Preform, PET bottles for wine, spirits, pharmaceuticals and dairy products are required.
According to the market report, the global market will grow significantly from the current $48 million to $60 million, with an annual growth rate of approximately 4.6%. As it continues to grow, it will open up new horizons in the next five years. It is estimated that during the above period, the consumption per ton will reach 20 million tons.
The reason for such amazing performance
Experts say that in 2010, PET bottles were popular around the world for their simplicity, durability, convenience and affordability. This trend indicates a bright future. Very lightweight, ideal for mobile applications. There are various reasons behind it:
1. Due to the prevalence of bottled water, ready-to-drink beverages, soft drinks and juices, the demand for premium and durable packaging materials PET is the best alternative.
2. Household cleaning products and pharmaceuticals use PET instead of traditional packaging materials. This is a cost-effective and convenient alternative.
According to the data, PET bottles contributed a total of about 12.5 million tons of 15.4 million tons. Bottled water contributed 5.45 million tons and carbonated water contributed 5.17 million tons. Experts say that the latter’s timid performance is due to the growing awareness of the harmful effects of sweet drinks.
Glass to plastic
Among other important sectors of the packaging industry, non-food packaging showed a staggering growth of 4.4% and thermoformed packaging recorded 4.7%. Therefore, the growth rate of packaged water is the fastest.
The future seems more hopeful
Well-known brand owners and packaging experts are confident in the future of this industry. With new technology, the weight of PET bottles is likely to be further reduced. This will result in a more cost effective product. Since PET bottles account for more than 80% of total sales, it will have a huge impact on the company. Experts predict that bottled water will fluctuate at a sustained rate of 6% over the next five years, while medicines and other beverages are expected to reach 5%.
Who will be the market driver?
There is no doubt that the developing market will steal the show regardless of its location. In the past five years, the Asia-Pacific region has lagged far behind Western Europe and North America. In fact, it has become the largest regional market in the above period. The impact of the global recession on the region is not as severe as in North America or Western Europe. As a result, the total share of the Asia Pacific region has been 31% over the past five years. Future trends indicate that this will show the same growth.
Pet consumption in Asia and other continents
PET is a multifunctional resin used in food packaging, bottling, film and many other applications. PBT is another thermoplastic that can be used in electronics, appliances, automotive parts and consumer goods. In the past few years, the demand for PBT and PET has increased significantly. Estimates show that from 2014 to 2019, the world will have a steady growth of more than 7%. These figures are based on the total consumption of the two resins. These calculations are based on Porter’s five strength models that take into account current industry trends, value chain analysis, and top players who contribute to consumption.
Some of the various factors that significantly increase the consumption of PET and PBT are prominent factors. Increasingly, industrial plastics are used instead of metals, and power and electronics applications are booming in emerging economies, to name a few. Substituting biobased PBT for synthetic PBT and reducing halogen content are other important drivers. Population growth, urbanization growth, and growth in fast-moving consumer goods consumption are also reasons for growth. China Pet Bottle is relying on its diversified products, and the affordable price has been trusted by customers all over the world. The continuous improvement of product production technology has also established the position of Chinese products in the international market.

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