European PET bottle trend, PET raw material tight

Although in the past few months, some PET bottle processors have repeatedly warned that rising raw material prices may allow users to use other packaging materials. However, Pila International stated that PET bottles will continue to replace glass, aluminum and other materials in the food and beverage bottle industries because of its transparency, durability, design flexibility, light weight, and recyclability. Since August of last year, the spot price of polyester in northwestern Europe has risen sharply from 1,085 euros/ton to 1,620 euros/ton at the end of March this year.
Pira International, an international market research firm, said last week that despite the recent rising market prices, the use of polyethylene terephthalate (PET) in the European food and beverage bottle industry will continue to grow. The company predicts that from 2010 to 2015, the European plastic packaging market for the food and beverage industry is expected to continue growing at an average annual growth rate of 3.7%, and the average annual growth rate of packaging for the food and beverage bottle industry is approximately 1.9%. .

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