Global thirst for PET remains

FIZZY drinks and bottled water demand is driving PET growth, according to chemicals intelligence provider GBI Research. Global PET demand is tipped to reach 23,452,281 tons by 2020, following a forecast CAGR of 6.4%, from 12,621,553 tons in 2010.

PET is expected to increase its share in the packaging sector towards 2020, the analysis said, due to better gas barriers and ultraviolet light protection, which extends the shelf-life of PET-packaged products, whilst new hot-filling processes are creating new opportunities for PET packaging for pasta and sauces. Growth in the beer segment is also expected to continue towards 2020 due to advantages in product quality, transport and bar regulations concerning the use of glass in outdoor areas.

For more information on Polyethylene Terephthalate (PET) Global Market to 2020 - Increasing Demand from Carbonated Soft Drinks, Food and Beer Packaging in BRIC Nations Driving Growth, e-mail pr@gbiresearch.com.