14-15 Jun, 2016 - Buenos Aires, ARGENTINA
Hotel Panamericano Buenos Aires
Hotel Panamericano Buenos Aires
The global plastics market was worth US$381.83 billion in 2013, influenced by the application of end-use industries such as injection molding, food & beverage packaging, film/sheet and pipes. Grand View Research Inc. projects of all the plastic types, polyethylene terephthalate (PET) is likely to have the biggest demand, and witness significant gains at a CAGR of 8.5% from 2014 to 2020.
The increase in demand is being fueled by the packaging industry of carbonated soft drinks bottles, which is using PET plastic in increased quantities. Another application for PET is for the films and sheets used in pharmaceutical and food packaging industries, and accounts for over 40% of the overall share in 2013. Application in plastic pipes is also projected to increase, at an anticipated CAGR of 5.7% from 2014 to 2020. Contributing factors include an increase rising population levels, increasing rate of urbanisation, infrastructural development and replacement of old pipes made with outdated materials.
Asia Pacific contributed to over 40% of the global plastics market in 2013. While emerging economies India and China are witnessing a significant increase in key end-use industries, Grand View Research Inc. projects that the Central and South American plastics market is expected to exhibit the highest growth rate, an anticipated CAGR of 6.3% from 2014 to 2020. The increase in construction and automobiles industry in Argentina and Brazil is likely to be the driving factor for plastics demand in this region.
The 3rd SAPET (South America PET Markets, Applications & Recycling), in Buenos Aires from 14-15 June 2016 will examine the region’s role in this rapidly growing market.
Contact Ms. Hafizah at hafizah@cmtsp.com.sg or call +65 6346 9218 for more details.
