China's PET bottle grade chips market and development prospects

The Schmalbachlubeca company in the United States produces PET/N/PET 3-layer beer bottles. The bottle cap is a Japanese aluminum crown crown attached to Growncork Co., Ltd. With a cover weight of only 25g, it can maintain beer shelf life of 6 months. PET bottles with PET/EVOH/PET3 layer structure and PET bottles with 3-layer structure using a deoxidizing material as a shielding layer have also been developed. They conform to environmental protection requirements and can be recycled.Before 2001, the production capacity of China's PET bottle-grade chips was less than the demand, and the scale of the production plant was generally small, the single-machine production capacity was low, and the level of process equipment was relatively backward. In 2002, for the first time, the production capacity of China's PET bottle-grade chips exceeded the demand by a large margin, and the supply exceeded the demand by nearly 1 times, changing from an importer of PET bottle-grade chips to an exporter. It is estimated that the domestic consumption growth rate of PET bottle grade chips from 2000 to 2010 is about 15%-20%.
 
PET bottles have good barrier properties and are suitable for many industries

The production capacity of China's PET bottle grade chips is growing rapidly. It is estimated that the production capacity will reach 2.85 million tons per year in 2005. It has world-class production capacity, process equipment level and product quality, and will become an important new market in the world. The production capacity of many enterprises continues to expand. For example, Jiangsu Sanfangxiang Group Co., Ltd. will have a PET bottle-level chip production capacity of 450,000 tons per year by the end of 2005. The technology and the complete set of production equipment are imported from abroad.

It is expected that from 2000 to 2010, the growth rate of China's beverage and PET bottle industry will reach 10%-15%, while the demand for PET bottle grade chips will increase by more than 20%, among which the demand and export volume of new fields and new markets The growth will likely bring an additional 10% growth rate.

The consumption of PET bottle-grade chips in China only accounts for 7%-12% of the total polyester consumption, which is far behind the world average, and there is still a lot of room for improvement. In recent years, carbonated drinks, purified water, tea drinks, juice drinks, functional drinks and edible oils, which account for 92.5% of the PET bottle market, have continued to grow strongly, which has driven the Chinese PET bottle and PET bottle-grade chips market. A substantial increase in demand. From the perspective of consumption structure, China's PET bottle grade chips have different market characteristics and consumption characteristics from other parts of the world. The proportion of pure water is much higher than the world level and will remain at a high level. Due to the rapid development of tea beverages, juice beverages, and functional beverages in China, the proportion of hot-fill chips in the demand for PET bottle-grade chips has rapidly increased from zero to 12%. The carbonated beverages still occupy a relatively high proportion, but its market share will decline.