The demand for PET is highest in Asia, with China driving the majority of global demand. There is a huge consumption potential in largely populated countries such as India and China. The strong economic growth along with the large population enables the large consumption of Carbonated Soft Drinks (CSDs) and bottled water in the region. The rapidly changing lifestyle of people in the region supports the consumption of packaged food. China has also grown rapidly in the capacity and production of petrochemicals. China is the largest producer of PET in the region and exports to many countries.
Source: http://www.petcore.org/content/asia-largest-consumer-pet-followed-europe-16-8-2010
For more PET updates in Asia, attend PETresin Xchange 2010 which offers discussions on;
- Outlook for PET Post Recession
- Competitiveness of China’s PET Industry and Challenges as Global Supplier
Click here for the latest agenda.
