The global PET (Polyethylene terephthalate) bottles market is projected to grow from USD 26.6 billion in 2023 to approximately USD 35.7 billion by 2032, according to Transparency Market Research. This growth represents a compound annual growth rate (CAGR) of 3.3% over the forecast period from 2024 to 2032.

At the Renewable Materials Conference 2024, organised by nova-institute, the central theme was the decarbonisation of the chemical and materials industry. This industry is highly dependent on fossil fuels, with 88% of its carbon sourced from fossil resources, highlighting the significant potential of decarbonisation.

Between July 8 and July 19, 2024, China's PET (Polyethylene terephthalate) resin prices surged initially mostly due to oil price but then quickly reversed due to weakening raw material prices and buyer resistance to price hikes. This article will analyze the trends in raw material prices and their potential impact on the future market.

The Asia-Pacific PET (Polyethylene Terephthalate) market commands a pivotal global position with leading production capacity and demand. Benefiting from its robust scale advantages and exceptional quality, the region wields significant influence in the international polyester trade landscape. This article will delve deep into the overview of the Asia-Pacific PET market and illuminate its promising future development prospects.

Since 2009, energy drinks in India, led by Red Bull, have been considered premium products. Recently, PepsiCo and Coca-Cola's innovative strategies have reshaped the market. Traditionally marketed in metal cans to emphasize their premium status, these drinks are now becoming more accessible through innovations like Polyethylene Terephthalate (PET) bottles, reducing costs for consumers and increasing their popularity.

Last week, the global polyester raw materials market experienced volatility amid fluctuating crude oil prices. In China, the PET bottle grade market witnessed a price rebound driven by industry initiatives to stabilize prices and implement production cuts.

Global tax advisory firm WTS Global recently published a report outlining the latest developments in Europe’s "Plastic Tax" between 2023 and 2024. The report aims to guide businesses in navigating the tax challenges faced during the manufacture, import, distribution, and use of plastic products. It also explores ways to make the plastic value chain more circular.

As the global demand for sustainable materials increases, the research on converting DNA into plastic using biotechnology is gaining significant attention. A research team led by biologist Dan Luo at Cornell University has made groundbreaking progress in this field.

Researchers at Virginia Tech's College of Agriculture and Life Sciences are pioneering the creation of biodegradable bioplastics from food waste, aiming to transform discarded food into everyday materials with a new purpose.

Geopolitical Tensions Geopolitical tensions and decisions by OPEC+ have driven significant fluctuations in crude oil prices, impacting the Polyethylene Terephthalate (PET) resin market.

As we continue to explore the functional possibilities of PET resin, PET raw material suppliers like WKAI are leading the way with innovative solutions.

Norwegian University Study Reveals Migration of Harmful Chemicals from Common Plastics