There is little probability that polyester will have industry surplus. The packaging industry will become a new big consumer.

In recent years, the domestic polyester industry has experienced significant growth. According to statistics, the cumulative capacity of construction and proposed PET (polyethylene terephthalate) facilities has surpassed 6 million tons. If all these projects are fully operational, China's polyester production in 2008 is expected to exceed 18 million tons, rising further to over 19 million tons by 2010. However, this rapid expansion has not come without challenges. The increase in crude oil prices has led to a steady rise in the cost of key raw materials like terephthalic acid and ethylene glycol, which has increased production costs for companies. At the same time, foreign countries have continued to impose anti-dumping duties on Chinese polyester products, hindering exports. As a result, the domestic market has seen a surge in supply, leading to fierce competition and declining profits. Some analysts have even raised concerns about an oversupply crisis in the industry. But according to experts, while there may be temporary surpluses in certain segments of the polyester market, the overall industry is unlikely to face a true oversupply. One major driver of future demand is the packaging industry, which is rapidly emerging as a key consumer of polyester. With the fast-paced development of the packaging sector, it is expected to fuel continued growth in the polyester industry. The beverage packaging sector, in particular, is considered a "big cake" for polyester. China's beverage industry has grown at an average annual rate of over 20%, with soft drink production reaching 29.1 million tons in 2004—a 22.7% year-on-year increase. Despite this, per capita consumption remains low at just 8 liters, far below the global average and significantly lower than that of developed countries. This indicates substantial room for growth, with experts predicting an average annual growth rate of over 15% in the next 5–10 years. This growth will drive demand for beverage packaging, where PET stands out due to its cost-effectiveness, transparency, strength, and ease of molding. Globally, more than 60% of carbonated drinks, fruit juices, tea beverages, and bottled water are packaged in PET. In China, the percentage has risen from 53% in 1997 to 70% today. Additionally, PET is increasingly used in edible oil, pesticide, and daily chemical packaging, with an annual growth rate exceeding 20%. One of the most promising areas for PET is beer packaging. Compared to traditional glass bottles, PET beer bottles offer advantages such as being lightweight, durable, and easier to transport, reducing costs. They also eliminate the risk of breakage and explosion, making them ideal for modern beer packaging. Experts consider PET as one of the most advanced materials for beer packaging in the 21st century. Although challenges like oxygen permeability exist, technological advancements have allowed large-scale production of PET beer bottles. In the U.S., over 300 million PET beer bottles were used in 2001, while in Europe, PET accounted for 10% of total beer packaging. South Korea now uses PET for 40% of its beer packaging. China’s beer production has remained stable at around 23 million tons annually since 2000, and last year exceeded 29.1 million tons. Based on a 630ml bottle size, this requires over 46 billion bottles. Even a 10% shift to PET could create a market worth over 2 billion yuan, and if 50% of bottles are PET, annual resin consumption could surpass 1 million tons—showing immense potential. Domestic PET companies are already capitalizing on this opportunity. Companies like Zhuhai Zhongfu have introduced advanced technologies to produce high-barrier, heat-resistant, and transparent PET bottles suitable for pasteurization. Their 1600ml family-sized beer bottles have been well-received. Similarly, Shanghai Zijiang has developed PET bottles that meet the standards of major domestic breweries, offering sizes from 330ml to 640ml. Experts predict that as technical barriers are overcome and production processes improve, PET bottles will see rapid adoption in the beer packaging sector over the next decade. In the pharmaceutical packaging field, PET is also gaining traction. While PP, PE, and PVC have traditionally dominated, rising costs of PP and PE have led to increased use of PVC. However, due to environmental and health concerns, especially in developed countries, the use of PVC is expected to decline. PET, with its excellent moisture barrier, clarity, non-toxicity, UV resistance, and recyclability, is becoming a preferred alternative. This trend is likely to continue, positioning PET as a strong competitor in the pharmaceutical packaging market.

Plastic Pipe Coiler/Pipe Winding Machine

Plastic Winder,Plastic Pipe Winding Machine,Pipe Winding Machine,Plastic Pipe Winder,Plastic Pipe Coiler Machine,Pipe Coiler Machine

Zhangjiagang Polestar Machinery Co.,Ltd , https://www.polestarpm.com