Demand for PET packaging material to reach $60 billion by 2019
The global PET packaging market is worth $48.1 billion in 2014, amounting to almost 16 million tonnes according to a new market report from Smithers Pira (smitherspira.com). Demand for PET packaging is expected to increase by an average of 4.6% annually over the next five years, and will amount to 19.9 million tonnes worth $60 billion by 2019.
The Future of PET Packaging to 2019 gives an overview of the state of the PET packaging industry in 2014, alongside global market forecasts to 2019, including key definitions and details of specific geographic markets.