Brazilian plastics for packaging will see growth

09 November 2012 20:22  [Source: ICIS news]

RIO DE JANEIRO (ICIS)--Plastic packaging consumption in Brazil is projected to grow by an average of 4.9%/year through 2015, a consultant said on Friday.

"Personal care and beverages are the most attractive end markets for plastic packaging with both expected to grow an average of 5.7% and 7.1%, respectively," said Graham Wallis, president of consultancy Datamark.

Wallis spoke at Polyolefins Consulting's 2012 Petrochemical Seminar.

Volumes are expected to rise from 2.22m tonnes/year in 2011 to 2.69m tonnes/year by 2015, he said.

Polypropylene (PP) and polyethylene terephthalate (PET) are estimated to show the highest growth rates of 5.7% and 5.2%, respectively, noted Wallis.

"There is room for more sophisticated packaging in Brazil, namely in terms of closures and flexible packaging with value-added substrates as disposable income grows and the need for differentiation increases," he said.

By: Joseph Chang
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