PARKROYAL Yangon
"Can the Asia region including emerging Myanmar and growing demand in India mitigate effects of PET overcapacity?" "Changing landscape in Asia’s PTA supply to drive the PX-PTA-PET chain" |
It is reported that Asia Pacific demand for PET will intensify further with 47% of the world’s consumer products in PET bottles set to be sold in Asia by 2019.
Consumer brands have rushed into Myanmar since it threw open its market gates, eager to promote their products to this exciting new demographic. There has also been rise in trade with Thailand as many more products are imported into Myanmar. Thailand’s beverage company Drinkologist has a 3 year growth strategy to expand and distribute its IF Fruitamin products in the Asean Region including Laos, Myanmar and Brunei.
Loi Hein, a Yangon-based company that dominates the local purified water market with its popular Alpine brand and which is also behind Blue Mountain soft drinks, expects its annual revenue to grow more than five times over the next decade.
How does this translate to opportunities for the PET converters and packaging suppliers? What is the beverage trend and outlook for Myanmar? Foreign preform suppliers have set up facilities in Myanmar to take advantage on the potential growth market.
Indorama Ventures Packaging (Myanmar) Limited, a project for the production of preforms and closures was set up recently to serve the local beverage industry with competitive and high quality preforms.
Hon Chuan known as the “bottle cap king of Asia,” finally invested in a preform factory in Myanmar in 2013 at the Mingaladon Industrial Park, after having served Myanmar’s largest drinks maker, Pinya since way back in 2007.
Meanwhile on upstream capacities, huge expansions in China’s PTA production will intensify deficit in Asia’s PX despite PX expansions for the past two years. PX expansions from Middle East to Asia will compete to supply Europe, while on PTA, there is a risk of global supply glut.
On downstream PET markets key technology developments to 2017 also include further advances in barrier systems, continued light weighting, and growing emphasis on sustainability and recycling.
What are the latest innovations in soft drinks packaging? What is the potential of PET for pharmaceutical packaging?
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Attendee Profile |
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Comments from last year’s 5th PET Asia Outlook, Nov 2015 in Bangkok | ||
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Past PET Events |
CMT PET Conference series offer up to date business information on regional PET Resin & Packaging markets in Asia (PET Asia Outlook), Europe (GEPET), Middle East & Africa (MEAPET & MENAPET), Latin America (LAPET), South/Central Americas, Andean & Caribbean (SAPET & SCAPET), North America (NAPET), Japan (JPET) and now recently Iran (IRANPET).
Our program incorporates latest market and technological developments in the entire PET Value Chain, from PET Resin and Raw Materials (PX/PTA/MEG), to PET Preform and Packaging Productions, to Recycling.
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