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Continued Growth in bottled-water, soft drinks consumption signals promising future for Latin American PET market

Posted on : 14 Jul, 2010

 

The Beverage Marketing Corp. in New York City says Mexico's bottled water market composes 13 percent of the world's total, and has grown at 8 percent for each of the past five years.

 

For big companies, the boom in bottled water consumption in developing countries such as Mexico, India, China and Indonesia has been a godsend, since consumers in Europe, a stronghold of bottled water, have rebelled against throwaway plastic bottles as harmful to the environment.

 

"The sale of water has risen on the order of 8 percent, while soft drinks rose 2 percent," Pepsi Mexico President Juan Gallardo Thurlow announced in early April.

(Source: http://news.yahoo.com/s/mcclatchy/20100527/wl_mcclatchy/3518260)

 

 

The soft drinks industry in Mexico is big business. Nationwide, there are about 250 bottling plants. Between them they produce some 300 million cases of soft drinks a year, worth about 15.5 billion dollars. The per person consumption of soft drinks in Mexico has reached 160 liters a year. This means Mexico has overtaken the USA to become the world’s leading consumer of soft drinks on a per person basis, according the the Health Commission of Mexico’s Chamber of Deputies.

(Source: http://geo-mexico.com/?p=1086)

 

 

As mentioned in the articles above, bottled water and soft drinks consumption in Mexico has been growing for the past 5 years. This definitely rings in good news for the PET market as bottled water and carbonated soft drinks (CSD) are the two main applications for PET.

 

Those seeking to explore or capitalize on global outlook on the PET resin market and the regional growth trends in PET preforms and bottles can now make plans to join major suppliers, vendors and customers in the PET industry who are meeting at the 8^th LAPET in Mexico City from 09-10 November, 2010.

 

Program agenda for this meet is still being finalized and will be updated shortly. Do visit us for the next update or email hafizah@cmtsp.com.sg for other details on the 8^th LAPET in Mexico City from 09-10 November 2010.