Millions of PET bottle sales lost

Plastic bottle sales slump as mass events are cancelled across Europe and international tourism collapses

Millions of polyethylene terephthalate (PET) bottle sales are lost, as festivals, sporting events, exhibitions and other mass gatherings across Europe are cancelled, flights are grounded and tourism is displaced; the Staycation becoming the preferred choice over international holidays. As lockdowns ease, society flickers back to life with hotels, bars and restaurants slowly reopening, but with an economy in turmoil, spending priorities may have changed, keeping the PET industry firmly in survival mode. Meanwhile, the PET food-packaging sector continues to buck the negative pandemic trend.