U.S. plastics containers market to reach $32 billion by 2012: study

U.S. demand for plastic containers will increase 5.4 per cent annually through 2012 to nearly $32 billion, creating demand for 15.7 billion pounds of resin, according to a new study released by market research firm The Freedonia Group.

“Plastic Containers” also forecasts that growth in resin volume will be restrained by lightweighting and downgauging efforts aimed at reducing resin consumption. “Unit expansion will outpace volume increases as a result of consumer preferences for smaller, single-serving containers in large markets like food and beverages,” the study noted.

The report also predicts that PET will continue to be the leading plastic container resin, expanding to 7.9 billion pounds in 2012 as a result of healthy growth in bottled water and increasing usage in other applications like food.

For more information about the study, visit this link.

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