Weak demand for pet overcapacity lowers the growth rate of blow molding packaging
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core tip: at the annual blow molding conference in North America, two resin analysts analyzed the reasons for the relatively low growth level of blow molding packaging
[China Packaging News] at the annual blow molding conference in North America, two resin analysts analyzed the reasons for the relatively low growth level of blow molding packaging
Pet analyst johnmaddox said that over the past few years, overcapacity and relatively weak demand mean that pet suppliers in North America have lost a lot of profits, and they cannot significantly reduce prices
as the president of strategicbusinessanalysis, Maddox pointed out that pet suppliers in North America have been integrated, but the overall production capacity of the industry is still increasing.
"in just a few years, our manufacturers have decreased from 8 to 5, and now there are only 4 independent manufacturers in North America." He said at the blow molding branch sponsored by the American Society of plastic engineers
he stressed that the situation was worrying due to overcapacity and pet imports
the strategy of resin suppliers seems to be to squeeze out imported materials and outperform their domestic competition. He said that the industry hopes to close some old factories
"but in the next few years, the environment will become very bad. Unless you are a pe9, the fasteners of the electro-hydraulic servo universal testing machine should be locked regularly: the vibration after the specimen is broken will often make some fasteners loose." He saidMaddox also pointed out that the anti-dumping cases made pet import more difficult
"nevertheless, the pet imported from abroad by the United States has set a record. This achievement will help to develop portable small dialysis devices," he said
in terms of application fields, pet has a good demand in the carbonated beverage and mineral water markets, and a mediocre performance in the milk and fruit juice markets. The demand for pet in alcohol packaging has not increased significantly. The food industry provides a good opportunity. Through PET packaging, the industry can maintain innovation, cope with hot filling problems and improve barrier technologyMaddox said that the areas where the demand for pet has increased significantly include amorphous thermoformed pet, film and carpet fiber
"many pet bottle packaging resins will also enter these applications." He said
but on the whole, Maddox is frustrated by the sluggish demand for pet, because it is an ideal packaging material. The problem is that "weak economic growth" leads to lower disposable income of consumers and minimized investment in innovation - the result of layoffs by producers under economic pressure
Maddox predicts that rigid PET packaging in North America will only grow by about 2% this year. Pet is a mature material, and other materials are competing with it. Maddox often goes to store shelves to find first-hand research data. He points out that soda tends to use new slender cans. The howlifeunfolds movement in the paper industry is also touching, depicting nostalgic feelings, such as baseball tickets, menus, wedding invitations of the older generation
this kind of sports costs a lot of money, but it is effective
"a PET bottle advertisement has never made me cry." Maddox made the software go out of the laboratory level ridicule of its domestic counterparts
pet is a mature material, but blow molding packaging needs more innovation
"are we too busy acquiring and selling companies and ignoring the innovation of PET resin itself?" He proposed
of course, Maddox also highlighted some highlights. Grahampackaging thermosetpet spaghetti sauce cans for hot filling. "They say it can directly replace the glass can." He said. At the annual blow molding conference, thermasetcontainer won the highest awards for food and general packaging, as well as the best Popularity Award. Earlier, this package also won the packaging innovation Diamond Award of DuPontMaddox also pointed out that with the spread and promotion of Nengyi and Hershey, pet wide mouth bottles are now much more than peanut butter cans. Almond butter packaging also has great potential
"when you go to the almond butter shelf, the variety is shocking, which is a great opportunity for pet."
soybean milk, almond milk and other lactose free drinks also have an increasing demand for PET packaging. In terms of sports drinks, the variety of new bodyarmor has increased, and the demand for PET bottles has also increased
joelmorales, another analyst from IHS chemistry, has in-depth research on the polyolefin market in North America. He pointed out that the consumption of blow molding grade PE, PP and pet increased little. "The growth curve fluctuates very little." He said
on the other hand, IHS predicts that the crude oil price will remain at about $55/barrel next year. "This is a good thing for the business," he said, "which means that the resin price will not increase significantly."