PCI Publishes European PET Supply-Demand Report
- Published: February 24, 2003, By PRESS RELEASE
DERBY, U.K.—PCI, PET Packaging, Resin & Recycled Ltd., reports the publication of the fifth edition of the European Supply-Demand report on the PET market in Europe. The 350-page report, says PCI, covers both Eastern and Western Europe. Some of the highlights include:
- The total market is projected to grow by 6.5 percent per year to reach 3.2 million metric tons by 2011.
- There's considerable "upside" potential in markets such as beer, milk, juices, and food, in substituting cans , cartons, other plastics, and glass.
- Growth in the eastern part of the region will outstrip that in the western part.
- Faster growth is projected for newer beverages, such as juices, teas, isotonics, and dairy drinks than for traditional carbonated beverages.
- The beer market is not expected to switch to PET in the western part of Europe, but it will continue to be a significant market in the eastern part.
- Substantial growth is anticipated as Germany switches from refillable to one-way PET.
- The three largest national markets [in Europe] are Italy, France, and the U.K.; Russia is number four.
- The report profiles 500 companies that convert PET into preforms, bottles, and sheets.
- The five largest converters process 870,000 metric tons of PET and account for 32 percent of total resin demand.
- On the supply side, there are 13 principal producers of PET resin in the western part of Europe and four in the eastern part. The top three are Voridian, Dow, and M&G, which collectively account for almost half the region's capacity.
- The western part of Europe has sufficient installed capacity to meet market requirements until 2005/2006; the eastern part of Europe, in contrast, has a substantial shortfall in capacity, although there are several major investment projects under development.
- In the last ten years, the western region of Europe has had an average net trade imbalance equal to 30 percent of the domestic market.
