PET Preform from PET Resin, Clear PET Preforms, Transparent PET Preforms, Polyethylene terephthalate, Poly (ethylene terephthalate), Plastic Bottle, Bottle processing, Food Packaging, Beverage Packaging, PET Bottle Resin, Biodegradable Plastic
Thursday, February 23, 2017
PET Preform from PET Resin, Clear PET Preforms, Transparent PET Preforms, Polyethylene terephthalate, Poly (ethylene terephthalate), Plastic Bottle, Bottle processing, Food Packaging, Beverage Packaging, PET Bottle Resin, Biodegradable Plastic, Bioplastic, Manufacturing Plant, Detailed Project Report, Profile, Business Plan, Industry Trends, Market Research, Survey, Manufacturing Process, Machinery, Raw Materials, Feasibility Study, Investment Opportunities, Cost and Revenue, Plant Economics, Production Schedule, Working Capital Requirement, Plant Layout, Process Flow Sheet, Cost of Project, Projected Balance Sheets, Profitability Ratios, Break Even Analysis
PET (polyethylene terephthalate) is a packaging medium for a wide variety of liquid food products such as edible oils, syrups, mineral water, alcoholic beverages, juices and honey. PFA Act of India has approved PET as suitable for packing of food and pharmaceutical products. It has now been adopted for storing all types of foods. Mineral water and soft drinks account for a major share of the total demand. Others include processed foods, edible oils and sauces. Kitchen containers are another major usage centre. In India, PET started being used in a perceptible way only very recently. It is projected that the demand will grow appreciably, especially for packaging soft drinks. Soft drinks are witnessing a gradual shift towards the non-returnable bottles due to changing lifestyles and convenience. PET packaging has been doing very well as it offers the flexibilities of innovation, both in terms of pack design and size.
India produces around 500,000 tonnes of PET annually. The overall capacity of the industry is rated at about 650,000 tonnes per year.
PET preform has large demand for the manufacturing for PET bottle for food and Pharmaceutical Company. The size of the container-produced ranges from 50 ml to 150 ml which is further used for making required size blow moulded bottles. It is easily expanded by compressed air with a specific temperature and does not react with acid or alkali. PET Preform has large demand for the manufacturing of PET bottle for the food and pharmaceutical company. Current worldwide demand for PET for packaging is approx. 5.5 billion pounds. Global demand for PET could be greater than 12 billion pounds by the end of the decade. With the growing demand for carbonated soft drinks, water and edible oil, PET Preform bottles are also increasing in demand. As the benefits of PET become apparent to a greater number of manufacturers and bottlers worldwide, demand continues to grow.
The global plastics industry is observing a continuous shift of production bases to low-cost Asian countries. With increasing foreign investment and rise in the number of new manufacturing establishments in the region, Asia has become the largest and the fastest growing market for plastics in the world. PET is constantly replacing conventional bottle raw materials such as glass and metal. Apart from being lightweight, PET offers several other advantages such as pack weight reduction, ease of handling and longer shelf life of packaged goods. Furthermore, PET bottles are persuasive in terms of sustainability, technical performance and aesthetics.
fast-growing economies and strong production industries will lead Brazil, Russia, India and China (BRIC) to become dominant forces in the global PET market. A significant portion of demand for PET came from the Asia-Pacific region, which accounted for 40.6% of global PET demand during 2010. This is expected to increase to 47.8% by 2020, as India is rapidly emerging as a global petrochemical products manufacturing hub. Production in India enjoys the advantage of relatively low operating costs and, as a result, there have been huge capacity PET capacity additions in the country, with the country accounting for almost half of Asia-Pacific's import volumes during 2010. India is anticipated to be the PET market leader towards 2020 due to major PET players focusing their operations within the country.
The dominance of the organized and unorganized sector in the Indian PET preforms market varies in all end user applications of preforms. The major companies operating in the organized segment of the PET preform market in India are Manjushree Technopack Ltd., Sunrise Containers Ltd., Chemco Plastic Industries Ltd., National Polyplast (India) Ltd. and Parle Agro Pvt. Ltd. The PET preforms market in India is anticipated to grow substantially on account of the shifting preference from glass bottles to PET bottles, rising demand for consumer goods and packaged drinking water, and the development of retail channels in the country.
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