The competition pattern of the bottle-grade PET market is stable and there are few investment opportunities in the industry.

PET is polyethylene terephthalate. It is an environmentally friendly polymer material with the advantages of fatigue resistance, friction resistance, good electrical properties, and high dimensional stability. PET can be divided into fiber-grade PET, bottle-grade PET, film-grade PET, etc. Among them, bottle-grade PET is sold in the form of bottle flakes and is mainly used in the packaging of beverages, alcohol, edible oil and other products. It has a wide range of applications and industries. The development prospects are good.

According to the released “China Bottle Grade PET Project Investment Feasibility Research Report 2021-2025” shows that bottle grade PET has excellent With the rapid development of my country’s economy and the development of downstream beverage, edible oil and other industries, the market demand for bottle-grade PET has been rising. In the past five years, the global bottle-grade PET market demand has continued to rise. In 2016, the demand was approximately 21 million tons, and it will reach 28.8 million tons in 2020. Driven by demand, global bottle-grade PET production continues to rise, from 22 million tons in 2016 to 28.5 million tons in 2020.

Globally, the Asia-Pacific region is currently the main demand market for bottle-grade PET, accounting for about 43%, followed by Europe and North America, both accounting for about 15%. The demand in the Middle East, Africa, South America and other regions is low, and there will be Huge development potential.

China is a major developing country in the Asia-Pacific region. In the past five years, its economy has developed rapidly, and its food and beverage industry has developed rapidly, driving the demand for bottle-grade PET to rise. In the past five years, my country’s bottle-grade PET market demand has shown an upward trend, growing from 6.55 million tons in 2016 to more than 9.5 million tons in 2020. Judging from the growth rate of my country’s and global bottle-grade PET market demand in the past five years, the growth rate of my country’s bottle-grade PET market demand is much higher than that of the world. China has become one of the main growth drivers of global bottle-grade PET market demand.

Bottle-grade PET is mainly used in the packaging of food, beverages, and edible oils, so the demand is concentrated in more economically developed areas. The domestic bottle-grade PET market demand is concentrated in the three major regions of South China, East China, and West China, accounting for about 20%.

my country is one of the largest bottle-grade PET producers in the world. In addition to meeting domestic market demand, the bottle-grade PET produced is also exported to overseas markets. In the past five years, my country’s bottle-grade PET exports have shown a growth trend, reaching 3.1 million tons in 2019. However, affected by the epidemic in 2020, the export volume decreased slightly, to 2.49 million tons.

my country’s bottle-grade PET industry has been developing for many years. After long-term development, the current market concentration is relatively high and the competition pattern is relatively stable. The world’s major bottle-grade PET manufacturers include Indorama, DAK, Yisheng, Wankai New Materials, Jiangyin Chengxing, China Resources Materials, and Lotte Group.

Industry analysts people said that bottle-grade PET has a wide range of applications. With the development of emerging industries such as downstream electronic products, bottle-grade PET has a wide range of applications globally and in my country. The market demand for high-grade PET shows a growing trend. my country has become the world’s major bottle-grade PET production country, with high production capacity, which can not only meet domestic market demand, but also export to overseas markets. In terms of market competition, after long-term development, the competition pattern of my country’s bottle-grade PET market is relatively stable and highly concentrated.