“A world class PET manufacturing facility of 250,000 metric tons per year capacity is being set up by OMPET at Sohar Industrial Port Area in Oman. The manufacturing of PET is expected to start in 2017.”

“In 2016, Coca-Cola has developed new facility in Qatar with an investment of around $36m. The Coca-Cola’s first bottling plant in the region, features an area of about 28,000m². They also opened a new bottling facility in Mozambique. Built at a cost of $130m, the plant has a PET line that can produce 28.6 million physical cases per year”

The rise in disposable income of consumers, urbanization and growing fast moving consumer goods in the Middle East & Africa have led to an increase in demand for packaged and processed foods and FMCG products, which augurs well for the PET market. 

It is reported that bottles currently dominate the PET market and are expected to dominate in the future since about 72% of the PET resin demand was from the bottle application. New product developments and innovations are key strategies to meet the increased demand for PET as well as to penetrate the MEA market. PET bottles are not only used for the traditional water, CSD and dairy but also wine and beer applications. For instance, Nigerian Breweries has extended its Climax, Amstel Malta and Maltina brand packaging to PET. 

PET is also gaining traction in films. Among various plastic films, PET film is estimated to account for the highest value share of 29.6% by the end of 2016 and is expected to gain significant market share by the end of 2026, according to Persistence Market Research.

There are tremendous potential that can be harnessed from PET. Attend CMT’s 18th MEAPET to meet industry leaders speaking on the following key sessions:

• PCI Wood McKenzie evaluates demand for PET resin growth and its outlook in 2017
• Reliance Industries details India PET market trends and demand outlook
• Mutalo Group shares insights into  Africa’s  beverage and personal care markets potential,  expansion and distribution
• Find out more from Nigeria Breweries about their PET packaging plan
• Learn the latest updates on the new IPS injection preform from Sacmi 
• Industry leader Husky provides insights on how multi-layer barrier technology is enabling growth in PET packaging
• Hear from the leading dairy brand Almarai the demand of PET packaging for yoghurt & dessert
• Intergulf (Empol) and The Coca-Cola Company Middle East discusses the PET packaging Growth for Edible Oils and CSD
• Mossi & Ghisolfi International shares the latest innovation in PET resins
• Omniya Recycling outlines the FIRST compact industrial scale recycling facility in Kuwait & the Gulf
• Hear the latest market updates on Iran, Turkey and North Africa!

Act Now! Register with your team at www.cmtevents.com to enjoy group discount! Or contact Hafizah at hafizah@cmtsp.com.sg for more information!