PET resin consumption to grow 12.5% from 2011-2016

BRICS PET resin consumption is expected to reach 8.71 million tones by 2016, growing annually by 12.5% from the period 2011-2016. 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): Marke t by Countries (Brazil, Russia, India, China & South Africa), Applications, Demand & Supply, Trade Balance and Recycling Rate .” The report provides an unbiased and detailed analysis of the market trends and application segments. The report also gives the insights on key market drivers and restraints and opportunities that shape the present and future market.