Thursday, May 10th, 2012
A Packaging Digest article about a new report by GBI Research says that the growing economies of the BRIC countries—Brazil, Russia, India, China—will make them the dominant growth agents for flexible PET packaging materials between now and
The report notes that the Asia-Pacific region, which already made up 40.6% of global PET demand in 2010, should reach 47.8% of the total market by 2020.
China, not surprisingly, is expected to be the global flexible PET packaging market leader by 2010, and the report notes that major new PET production capacity has already been built in China, and that major PET resin producers are still focusing much attention there. Significant capacity additions also are in the forecast for Russia, Brazil, and India.
The GBI Research report says that food, CSD, and beer packages will be the key applications for growth in flexible PET packaging, and will be helped along by demands from major retailers for better product protection and longer shelf life.
There are more stats, plus the market factors behind them, in the Packaging Digest article here, and details on the now-available full GBI Research report “PET Global Market to 2020” can be found here.