BRICS PET Resin consumption to grow by 12.5% from 2011-2016

BRICS PET resin consumption is expected to reach 8,709.5 thousand tonnes by 2016, growing annually by 12.5% from the period 2011-2016. Amongst, all BRICS nations, China leads the PET resin market, accounting for around 60% of the total market demand. The growth of PET is primarily driven by products like packaged food products, beer bottle, carbonated soft drink bottles, water bottles, etc.

The figures were released by Research and Markets in its recent report, “BRICS PET Resin Market (2011-2016): Market by Countries (Brazil, Russia, India, China & South Africa), Applications, Demand & Supply, Trade Balance and Recycling Rate.”