BRICS PET Resin consumption to cross 8,500 thousand tons by 2016
BRICS Polyethylene Terephthalate (PET) Resin Market (2011-2016): Market Forecast by Countries, Demand & Supply, Trade Balance, Applications (Food, CSD, Beer, Water Bottles and Others)
Over the years the consumption for PET Resin has increased tremendously. PET Resin has become a major packaging material and has found its space in most of the packaged product items that are present in the industry. We can easily notice steep consumption for PET Resin at global level, however, in last few years developing countries such as Brazil, Russia, India, China and South Africa have shown huge growth in consumption of PET Resin.
Growing economies, new capacity additions, environment friendly qualities and increasing consumption for food & beverage packaging has accelerated the PET Resin market in BRICS countries.
According to 6Wresearch, the BRICS PET Resin consumption reached 4,824.2 thousand tons in 2011 and is expected to reach 8,709.5 thousand tons by 2016, with a CAGR of 12.5% from 2011-2016. PET Resin consumption in BRICS countries is primarily accelerated from food products packaging followed by beer bottle, carbonated soft drink bottles, water bottles and many more.
This report provides a comprehensive & in-depth analysis of PET Resin market in the entire BRICS region at country level. The report estimates and forecast demand & supply side, import & export trends, price, market share & demand by end use segments and by countries. The report also gives the insights on latest market trends, recycle ratio, value chain analysis, drivers, restraints and opportunities that devise growth of the market.
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