Europe R-PET demand from beverage industry up 15% in April

29 April 2013 16:28  [Source: ICIS news]

LODON (ICIS)--European demand for recycled polyethylene terephthalate (R-PET) from the bottle-to-bottle sector has grown by 15% in April 2013 year-on-year, according to market estimates on Monday.

“[April] was one of the best months we've had [on bottle-to-bottle demand], an increase of 15% in April... [It’s]  a sign of the bottle guys coming into the market,” a food grade pellet producer said.

The growth is despite longer-than-average winter weather conditions. Typically fewer bottled drinks are consumed in colder temperatures.

This was attributed to rising adoption of recycled material among bottled-drink manufacturers because of sustainability targets and the reduced cost of carbon emissions credits when using R-PET.

“There's been a shift to beverage [players dominating R-PET consumption] as they're willing to pay a higher price for better quality,” a flake producer said.

 ($1 = €0.77)

 


By: Mark Victory
+44 208 652 3214



AddThis Social Bookmark Button

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly