Analysis on the demand of PET bottle chips in the

2022-08-02
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Analysis of the demand for polyester bottle chips in the international market

according to the market survey, the application growth potential of polyester will still be strong by 2010. In terms of the annual average growth rate, the textile fiber use will still maintain 10%, while the polyester bottle use can be as high as 19%. In addition, from the perspective of consumption distribution structure, in 2000, fiber consumption accounted for 66% of the total polyester polymerization consumption, 25% for polyester bottles, 5% for films, and 4% for others; It is estimated that in 2005, it will be 61%, 30%, 4% and 5% respectively; In 2010, it increased or decreased to 60%, 34%, 3% and 4%. This shows the growth and decline trend of different application fields in polyester products

in the past 10 years, the annual growth rate of global polyester bottle chip production capacity and consumption has reached more than 20%. According to the data of relevant departments, the global production capacity of polyester bottle chips in 2001 was close to 10million tons/year. Among them, the consumption of polyester bottle chips for food and beverage packaging was the largest, accounting for about 80% of the total consumption of polyester bottle chips, about 8million tons/year. The remaining 20% of the consumption was mainly used for non food packaging materials such as medicine and daily chemical products. Among the polyester bottle chips for food and beverage packaging, the consumption of polyester bottle chips for soft drinks is the largest, accounting for about 60% of the total consumption

in recent years, with the development of social economy and the continuous improvement of people's living standards, polyester bottle has gradually become the preferred packaging material, and has been more and more widely used in the fields of food, beverage, medicine, daily cosmetics and so on. This has not only brought huge business opportunities to the upstream manufacturers engaged in the production of polyester bottle chips, but also further promoted the steady development of the global polyester industry

I. demand for polyester bottles and chips in Europe

the average annual growth rate of the market demand for polyester bottles and chips in Europe is expected to be 7~9%, which mainly drives the full-automatic electronic tensile testing machine. Functional characteristics: the power comes from central and Eastern Europe, where the demand growth rate is more than 10%, and the growth rate in Western Europe is 5~7%/year. Polyester used in beer bottles seems to be a "sleeping giant", which has not grown significantly in most European countries

II. Demand for polyester bottle chips in the United States

because of its transparency, high strength, wide use and recyclability, it is said that polyester bottle chips have become a favorite packaging material for consumers and enjoy great success. Few bulk polymer varieties have such a high demand growth rate as polyester bottle chips. Even in developed countries, the demand growth rate of polyester bottle chips is still close to double digits

the market demand for polyester bottle chips in the United States is about 3.1 million tons/year, which is one third of the world's total consumption. In 2003, the growth rate of polyester bottle chip demand in North America was 8%, while in the 1990s, the growth rate reached double digits. After 2004, the growth rate may slow down by about 1~2%, because in terms of sales channels, the U.S. beverage market has reached the saturation point

it is reported that the low temperature in New York and other major soft drink consumption markets in the United States in the summer of 2003 led to a slowdown in the growth rate of polyester bottle and chip consumption. The demand growth in 2004 will be improved, and the growth rate will reach 8.5%. The growth came from the withdrawal of some new soft drink products in the summer of 2004, such as Coca Cola's withdrawal from low carbonate cola, although these new products may devour the market of other soft drinks. Although the carbonated beverage market in North America is relatively mature, there is still room for growth in the demand for hot canned beverages such as fruit juice

it is worth mentioning that once there is a breakthrough in beer bottles and other application fields, the demand for polyester bottle chips will still have the potential to recover the double-digit growth rate in the next few years. Because the beer bottle market is very large, if the polyester bottle chip gets a 1% share, it means that the average operating rate of the polyester bottle chip device in the United States can be increased by 1%. At present, the main reason why polyester bottle chips fail to enter the beer bottle Market on a large scale is the technical problem. The polyester bottle itself cannot provide good air tightness. Therefore, the polyester beer bottle body needs nylon interlayer, plasma coating or pen (polyethylene terephthalate), which will increase the production cost of the bottle. Therefore, unless polyester manufacturers produce materials with good single-layer oxygen isolation performance, the production cost of polyester beer bottles will not be significantly reduced

moreover, some polyester industries in the United States also focus on aluminum. A group of world top 500 enterprises have gathered in the park to produce soft drink cans. The annual output of this market is as high as 60billion. For the polyester industry in the United States, replacing 12 ounce aluminum cans is the biggest business opportunity. Because 12 ounce polyester cans have more advantages than aluminum cans, but because aluminum cans have been deeply rooted in the hearts of the people, it is difficult for plastic cans to enter this market. If polyester bottles had the current Formula 30 years ago, aluminum cans could not exist in the soft drink packaging market. The canning facilities of soft drink manufacturers are built around aluminum cans, and they do not have too many advantages to replace them with polyester cans. However, the current 12 ounce poly griovryht2vs-hh series product design is based on the stable ester bottle that can maintain strength for a long time at a continuously rising temperature, and some breakthroughs have been made. Although soft drink manufacturers have spent a lot of money on building aluminum cans and canning equipment, they prefer to use 12 ounce polyester bottles for the new capacity. Despite numerous difficulties, polyester bottle chips will seize part of the aluminum can market every year

in addition, the traditional application fields of polyester bottle chips outside North America are still growing, especially the high raw material cost increases the trade between the United States and Asian countries. Historically, Asian polyester producers have the advantage of raw material cost, which gives them the opportunity to export polyester bottle chips. However, at present, there is little difference between their raw material purchase prices and those of polyester producers in North America

although the prosperity of the polyester bottle chip market in the United States is on the rise, their situation is not very happy to fall by US $0.037/t (15180000 tons); The ocean freight from Western Australia to China is $2.886/ton. For the polyester industry, the good news is that the demand growth rate is good, and the bad news is that the tension in this industry is too intense. In the past few years, the profits were either none or very meagre. The rapid growth of raw material prices has taken away the profits of the industry, and the planned capacity expansion has also caused this problem

III. demand for polyester bottle chips in Asia

at the world petrochemical conference, chase Willett of CMAI consulting company in the United States pointed out that in 2004, the production capacity of polyester bottle chips in Asia accounted for 42% of the global total production capacity of 13.2 million tons. On the other hand, compared with the global demand for 10.6 million tons of polyester bottle chips, the demand of the Asian market was only 2.65 million tons. Asia also accounts for 15 per cent of the global surplus. From another perspective, Asia's current excess capacity accounts for 28% of global demand. After meeting the regional demand, the excess supply in Asia can supply more than 0.25% of the global demand, making the average operating rate of the global polyester plant only between 75%-80%, far below the healthy level

the growth of polyester bottle and chip production capacity in Asia, especially in China, is not a recent event. At the world petrochemical industry review conference hosted by DeWitt company of the United States, Edgar Acosta estimated that China's new polyester bottle and chip production capacity was 2million tons from 2000 to 2005, while the size of China's domestic market was about 800000 tons, and the excess production capacity reached 1.4 million tons/year. In 2004, the export volume was about 400000 tons, although China has greater export capacity. The main reason for excess polyester capacity is that domestic technology reduces the investment cost, and the increased employment opportunities during the construction process and after the project is put into operation make many Chinese local governments support the investment in polyester plants. For polyester manufacturers, the last glimmer of hope is the sustained and rapid growth of bottle chip demand

in the past five years, the growth of polyester bottle chip demand was faster than that of global GDP. CMAI predicts that in the next five years, the growth rate of global polyester bottle chip market demand will be 2.5 times higher than that of GDP in the same period, which means that the growth rate of polyester bottle chip demand from 2004 to 2009 will be about 8.1%. Although this growth rate is lower than the annual growth rate of more than 10.5%/year, the global polyester bottle chip demand base in 2004 has reached 10.6 million tons, 66% higher than that in 1999

among different regions, Asia has the fastest growth rate, but its share in the global market is still behind that of Europe and the United States. It is estimated that 375000 tons of polyester bottle chips will be added annually in Asia before 2009, with an increase rate of about 11%. In addition to economic growth, the expansion of polyester bottle chip demand in Asia also benefits from excess capacity, making the bottle chip price in Asia the lowest in the world. The low per capita consumption also shows the growth potential of the region that cannot be ignored. At present, the per capita consumption of polyester bottles and chips in Asia is less than 1kg. If the per capita consumption in China and India increases to 3kg, the global consumption will increase by 8million tons per year

IV. demand for polyester bottle chips in North and South America

north and South America will remain the largest polyester bottle chip market in the world before 2009. In the next five years, the annual demand for new polyester bottle chips in these two regions will be about 260000 tons. The growth rate is only 6%, lower than the previous level, mainly because the carbonated beverage market in the United States will remain stable or slightly decline in the next few years

v. demand for polyester bottles and chips in other regions

cmai expects an average annual growth rate of 8% in Europe, the Middle East and Africa, with an annual increase of 376000 tons. The real stars in Europe are central Europe and the former Soviet Union. The growth of polyester bottle chip demand in this region mainly comes from beer packaging at present and in the future. As the old glass packaging production facilities can not meet the growth of demand, polyester bottle chips have become an indispensable packaging material

source: China Petroleum and Chemical Industry Association

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