PIRA Forecasts PET Consumption

Global consumption of PET for packaging is valued at €17 billion this year, and is forecast to reach €24 billion by 2011. That’s according to a new study, The Future of Global Markets for PET Packaging from Pira Intl.

Pw 9605 Statshots 0906

(www.piranet.com).

Available for $6길, the report analyzes the PET packaging sector, including end-use markets, geographic regions, and cutting-edge technologies. Among the publication’s findings are the following:

• The United States is the largest user of PET packaging, followed by China and Mexico.

• Asia Pacific, central and eastern Europe, and parts of Latin America showed the strongest growth between 2001 and 2006.

• Due to a combination of market saturation for PET and a consumer trend favoring healthier beverage options, the carbonated soft drink sector has been growing more slowly than other applications in the past five years.

• Beer is forecast as the fastest-growing application for PET packaging in the next five years, with a 13% annual growth rate, “albeit from a relatively low base,” says Pira. To order the report, contact Neil Johnston at 011/44.1372.802.262, or by e-mail at [email protected]. —Jim Butschli

List: Digitalization Companies From PACK EXPO
Looking for CPG-focused digital transformation solutions? Download our editor-curated list from PACK EXPO featuring top companies offering warehouse management, ERP, digital twin, and MES software with supply chain visibility and analytics capabilities—all tailored specifically for CPG operations.
Download Now
List: Digitalization Companies From PACK EXPO
Is your palletizing solution leaving money on the floor?
Discover which palletizing technology—robotic, conventional, or hybrid—will maximize your packaging line efficiency while minimizing long-term costs in this comprehensive analysis.
Read More
Is your palletizing solution leaving money on the floor?